Lewitt Says Stay Short Yen and Euro

By now, it should be apparent to anybody with a functioning cerebellum that our political and economic policy leaders are abject failures. After years of impotent monetary policy at the hands of the Fed, decades of incompetent foreign policy by several administrations, a dormant and corrupt Congress, and an activist Supreme Court rewriting the Constitution, the world is going to hell in a handbasket.
It is timely, therefore, that Mike Judge’s 2006 comedy ‘Idiocracy’ is celebrating its 10th anniversary with special nationwide screenings beginning Oct. 4. The film tells the story of two people who participate in a top-secret military hibernation experiment. They awaken 500 years later to an America where advertising, commercialism, and anti-intellectualism run rampant and where the president is a former professional wrestler with severe anger management issues. These characters are luckier than the rest of us – they had to wait 500 years to live in a world governed by idiots. We were not as fortunate.
Some central bankers are finally starting to acknowledge their failures – but it’s too little, too late.

This post was published at Wall Street Examiner by Michael E. Lewitt ‘ October 6, 2016.