Peeling Back Political Deficit Illusions

by Jeff D. Opdyke
The Sovereign Investor

My favorite movie of all time is Wall Street. Not because of the morality tale it tells of greed and capitalism run amok, and, ultimately, of redemption. I love it because it reminds me of my dad (who I did not grow up with) sharing with me his Value Line Investment Survey when I was in high school.

Wall Street — the concept — was my ticket to the world of my dad, a self-made millionaire in the corporate world. Wall Street — the movie — seemed to bring his world closer to me.

Near the end of the movie, Gordon Gekko points to a painting on his office wall and tells Bud Fox: “That painting cost $60,000 10 years ago. I could sell it today for $600,000. The illusion has become real. And the more real it becomes, the more desperately they want it.”

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