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Jamie Dlugosch

Jamie Dlugosch is the founder and editor of the top-rated The Rational Investor. He has over 20 years of experience in financial markets including investment banking, equity analysis and research and money management.

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Retirement

The U.S. Searches for Self

July 8, 2008

By Jamie Dlugosch, Editor, Investors Insights

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If you are a doer like I am, you are tired of the incessant blame games and complaining of our U.S. economy. It is all rather nauseating and does little to return us to being the shining beacon that we were at the end of the millennium.

Greenspan is to blame. The war in Iraq is to blame. The unfair competition of Third World countries is to blame. The rich are to blame. The speculators are to blame. The oil companies are to blame. The politicians are to blame.

Blah, blah, blah.

It is so boring to hear and read the same thing over and over again. Instead, ask yourself what are YOU going to do about it?

If you had to summarize my philosophy on things, Ayn Rand would be a good start. She put the core of her objectivism beliefs as the following:

1. "Nature, to be commanded, must be obeyed" or "wishing won't make it so.
2. "You can't eat your cake and have it, too."
3. "Man is an end in himself."
4. "Give me liberty of give me death."

These are powerful pillars that if followed in absolute provide a guide for navigating life (and the U.S. economy). It would seem to me that much of what we face today and our reaction to it could be better resolved and more quickly if we all followed these simple rules.

Unfortunately we are doing the opposite. The blame game itself seems to be very much our natural desire to want to wish things away. Please, make high oil and commodity prices go away so that I can continue to enjoy economic prosperity.

Oh boy.

Taking a Long, Hard Look in the Mirror

If you seriously want your stock portfolios to go up in value, then take a long look in the mirror. With stocks performance now inversely correlated to oil prices, a reduction thereof will result in stocks reversing the current slide.

How do we lower oil prices? Well we certainly can't play the blame game. We also shouldn't...