FOLLOW THE THREE STORIES

June 26, 2006

Let me begin with the first story that should not be a story at all; however, the way politics has become so polarized these days, it is. I am talking politics.

John Murtha has now become the male Cindy Sheehan and he seems to be in about as much hot water as the NYT is. When does the right for the public to know exceed the right to tell our enemies what we’re doing to catch them? And when does a decorated ex-Marine step over the line by calling America the biggest threat to world peace?

The second story puts the U.N to shame. When Warren Buffett added his $37 billion to Gates’s $30 billion, they all of a sudden easily became the biggest charity in all time, of all time, and making what the United nations and the World Health Agency does, look pitiful! This will be interesting to watch.

And then we have the Fed!

Ben and the boys will meet this week and for the first time there is no consensus as to what they will do. Hold, raise a 1/4 point, or maybe a 1/2 point? Whatever happens, the markets are going to be girating wildly either way. More on this in my next post.

Written by Ernie · Filed Under Daily Commentary