I just returned from the 2010 Agora Financial Investment Symposium in Vancouver, B.C. This year's theme, “Assault on Enterprise,� provided a fascinating context for a wide range of investment insights and recommendations.
According to many of this year's presenters, the assault on American enterprise is intensifying. Because the government has been overpromising, overcommitting and overspending for decades, it is hurtling toward a fiscal train wreck. The numbers have stopped adding up. Looking out, there's NO WAY that most Western governments can ever pay their ongoing obligations or pay off past debt. But that doesn't mean that governments won't try to maintain their expensive and intrusive invasion of the private sector.
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Going Deep
Recently, I had a long talk with Ali Moshiri, President of Chevron Africa and Latin America Exploration and Production Company. Mr. Moshiri has been working for Chevron for over 30 years. He's one busy man, whose responsibilities begin in the southern waters of the Gulf of Mexico and extend to the cold reaches of the southern Atlantic Ocean.
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