The more stringent conservative is running for NY’s senate seat today, but the fact remains – what kind of change does he spell for the GOP? Some? A little? A lot? None? It’s coupled with the Florida and Virginia governors races, but I really think this one election will tell the GOP what the regular Republicans want. It’s the fence-sitting, more moderate Repubs that will make a difference. And tell me if its even worth watching the party with any hope.
Iran is in an interesting position, and one we should all pay attention to. Civil unrest always speaks of a regime change in countries in the Middle East, mostly because the religious leaders require the support of the people to keep it together. Without religious leaders backing the current regime 100%, it usually falls to the opposition. This could be Iran’s chance for change.
Warren Buffett is sorta pulling a Charles Mitchell, trying to inspire investor confidence by buying a railroad. I’m not sure it’s working – as of right now, the market is slumping rather low. I think Johnson & Johnson’s restructuring is a sign of more economic problems in the future, and investors feel it.
Even with restructuring in the Iranian government, the clerics control things. The Ayatollah is the real leader and as long as the hard line clerics are around, no meaningful change will come about.
As for the future problems, there will be another mini-recession soon. It happens every time there’s a major slump followed by a slight gain. The gain wasn’t built on anything more than governmental assistance to shore up failing companies. Once the government gets to the point where they can’t offer any more help, we’ll slump again. It won’t be as far down as the first time, but it’ll happen. After that, companies will have to shuffle things to rebuild investor confidence. The so-called Recession Bubble occurs in almost every recession regardless of the country because governments seem to have an inherent need to overreact and flood the market with currency to prevent mainstay companies from failing.