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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

Pick Your Poison

Pick Your Poison

As President Obama and his team try to decide on additional troops for Afghanistan, they must feel that their Thanksgiving plates are full. Between the on-going conflicts in Afghanistan, Iraq, and terrorism in general, the economic crisis (which today rolled into Dubai), and health care, they have many conflicts to consider. Unfortunately for us, too much political energy is being focused on US health care right now and it feels to me like we are rushing into decisions that may or may not work for us all in the future. In their 2000 page plus proposals, legislators do not seem to realize that the cost of health care is crushing the economy. Until they can simply explain how their plans are going to lower the cost of health care to the working population, the proposed changes run the risk of smothering any chance for a solid recovery. The cost of insurance, at present levels, is about $1.7 million for someone just out of college over their careers. That is not sustainable. The markets fell today on the Dubai news, but the sell-off may be short-lived based on previous headlines like this. Enjoy your Black Friday and the up-coming holiday season which has officially begun!
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.