This is a post about why I like Greg Mannarrino Mr Mannarino offers specific advice on trading in the financial markets. The fact that I don't trade the markets is mostly irrelevant.
What I like about Greg is that he takes an aggressive approach to trading with a defensive style. I won't even try to explain puts, calls, straddles or any details about his trading strategies. That is his bit.
However, we are surrounded by defensive people. It is refreshing to hear someone with a touch of aggression. I suppose if I were better at swing trading, I would take the time to study his methods. But for now, I appreciate his insight into the economy.
The world is sinking into a quicksand of debt. There is no escape. A complete reset is required to free us all from the trap.
Greg made a comment about my grandchildren being born into the slavery of debt. My grandfather once said that any political person (or banker) who imposed debt on the unborn should be shot in a public display. He was born over 100 years ago. The economic rules and feelings about public executions have changed.
In time, those changes will reverse. But for now, the system protects the identity of the guilty. It is partly unfair to blame every city, county, state, and federal official who has voted for a bond issue. But they are the people who have elevated the public debt. We as individuals are responsible for using credit to enhance our lifestyle.
Oops... I wandered.
I wanted to pat Greg's back and say "well done"!
Here is tonight's beauty: