CEO, Parisian Family Office. Began Wall Street in '82. Founded investment firm, Native American Advisors, '95. White Earth Chippewa. Raised on reservations. Conservative. NYSE/FINRA arbitrator. Drexel Burnham alum. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from GHOST RANCH on the Yellowstone River in MT, TN farm, PAMELOT or CASA TULE', the family winter camp in Los Cabos, Mexico. Always been, will always be, an optimist.

Wednesday, July 19, 2006

Real buyers or fear in the short-selling crowd?

It was nice to see some "green" on trading screens today. Maybe market sentiment has changed.

And maybe the days of easy money are over. The Fed has put a damper on real estate speculators and slowed down the homebuilders. Foreclosure rates will be moving up if interest rates stay at current levels. Woe onto those with adjustable mortgages.

Now for the question of the day. It has to do with the American consumer.

Tell me, honestly, how on earth does the average American credit card holder have $8,000 of credit card debt? When, if ever, will our savings rate climb?

We need the consumer to look in the mirror. And stop the madness.

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