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A couple of weeks ago, an investment writer I respect a great deal wrote that he recommended everyone take out some cash from the bank and keep it on hand – enough for a month or two of living expenses. Since then, I’ve heard this mantra repeated in several other financial publications. Extended bank “holidays” […]
So is this column a new Monday tradition? If you haven’t already, please be a good student of history and review my thoughts from the last Black Monday – they are all still relevant. Sure looked like the old Plunge Protection Team was out in full force this afternoon – could we have seen a […]
A really great article here by Clayton Makepeace on the current economic turmoil. Clayton is one of my favorite marketers – I read his blog religiously for marketing insights. At the end of his article, he encouraged people to link to the article or post in its entirety – so I am doing both. Enjoy, […]
“Sounds like insider trading to me!” Yeah Marcy!
Taking the “pro” side of the bailout argument, Andy Kessler believes that Henry Paulson may be pulling off “the mother of all trades.” Andy calculates this move could net over a trillion dollars for the US Treasury. I’ve mentioned before that Andy’s about as smart as they come, and that I’m a big fan of […]
Jim Rogers on Bloomberg September 25, 2008. I’ll give you a hint – he’s not keen on the Paulson/Bernanke bailout plan. “It’s not the end of the world when people go bankrupt, despite what Paulson says” – Jim Rogers. Recently, Jim says he’s bought: agriculture Chinese shares foreign airlines Swiss Franc Japanese Yen
Dear Friends: The financial meltdown the economists of the Austrian School predicted has arrived. We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to […]
Any 5-year old can tell you the story of poor Humpty Dumpty. To paraphrase for today’s financial news: All the king’s horses, and all the king’s men, couldn’t put Wall St back together again.And if you’re the historical type – do you also get the feeling that old boy Hank Paulson is doing his best […]
This CNN headline says it all: Dow gains 410 on talk of a long-term government solution to the current turmoil. The full article, if you’re so inclined – I’m too sick to my stomach to read on.
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