Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

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

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

Cruel and Unnusual Punishment

Cruel and Unusual Punishment

Believe it or not, the French continue to riot in the streets, shutting off refineries (closing 50% of the gasoline supply), and various forms of destruction because the government has the audacity to lengthen the pension benefit age from 60 to 62 years old. As reported in the Wall Street Journal, one protester named Pascal said, "I've not even started working yet, but I will now have to work longer-that is, if I can find a job." The youth of France then cannot find jobs and are free to protest for pension reforms while at the same time companies cannot afford to create jobs because of the cost of current pensions that is overwhelming them. The protests and riots that we are seeing in France, England (as Mr. Osborne, the youngest English Treasury chief, cuts government spending), Greece, Spain, and even Ecuador is a direct result of government programs and pensions gone haywire. We can watch from our vantage point and nervously laugh, but until we address our own ominous government costs, we may be viewing our future in real time. Stocks finished higher today but only after giving up much bigger, earlier gains.
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.