Protectionism

ha ha ha ha ha - man this guy makes me laugh, the USA worried about protectionism - what a joke.

On the eve of his first official visit to China, U.S. Treasury Secretary Henry Paulson said Monday that he is worried about protectionist sentiment there and in other countries.
http://www.manufacturing.net/article/CA6372883.html

How about the Cotton subsidies Mr Paulson?
How about the Ethanol subsidies Mr Paulson?
How about the ........

Man what a joke, it's a funny situation that the USA find themselves in, they know it, the EU knows it, we all know it, Americans are living far beyond their means.

There is going to come an economic resolution to this event that will result in someone catching a cold, the question most people are concerned about is whether the rest of the world will get the sniffles or if it's going to be a full on contagion.

Either way, save your pennies, dont be too highly leveraged, go long on bonds and laugh when you see the pot calling the kettle black.


Cheers,
Dean