My 10 Holiday Thank You’s of 2010
10.) I am thankful for “QE2” (Quantitative Easing) because it broadens my thesaurus with another acronym meaning “printing press.”
9.) I am thankful for the Goldilocks “-flation” fears. Not too hot inflation and not too cold deflation makes Goldy feel just right.
8.) I am thankful for weak housing prices. Who wants to pay high property taxes?!
7.) I’m thankful to have another bloody, partisan midterm election behind us resulting in gridlock. Oops, I forgot, we just started a bloody, partisan 2012 Presidential election cycle.
6.) I am thankful for May’s “Flash Crash” because I’m an adrenaline junkie and the financial crisis did not provide enough excitement in 2008-2009.
5.) I am thankful for the Irish banking system bailout. Misery loves company.
4.) I am thankful for higher commodity prices, specifically my long wheat futures position. I’ve effectively hedged my daily breakfast bowl of Wheaties.
3.) I am thankful for the Chinese…for supporting our gluttonous consumerism by purchasing all our debt.
1.) I am thankful for the thousands of readers and followers who stopped by my site in 2010. Not only were the compliments appreciated by the die-hards (“Caffeiners”), but also the constructive feedback from casual visitors (i.e., “Slome, you’re a moron”).
Happy New Year and best wishes for a prosperous 2011!
Wade W. Slome, CFA, CFP®
Plan. Invest. Prosper.
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