I recently received an e-mail from an advisor who took issue with part of my April column for Investment Advisor, “Timing Is Everything” (http://www.investmentadvisor.com/Issues/2009/April/Pages/Timing-Is-Everything.aspx). He wrote: “You stated that with ‘Pres. Obama, Pelosi, and Reid in charge, that we’re possibly headed for a Carter economic environment’… You appear to place the blame on the current officeholders which completely ignores what precipitated the current problems.”
This reader raises an interesting point that I believe has a message for all of us in our politically charged society. He’s right, of course: I did consciously avoid an analysis of the causes of the current crisis for two reasons.