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January 2008

Recs

21

Is it just me or does Bernanke look like he hasn't slept in 4 days?

January 17, 2008 – Comments (14)

Wow does he look awful.  I feel sorry for him.  He inherited an unsolvable conundrum.  There is no way for him to win.  If he keeps cutting interest rates, the dollar falls off a cliff.  If he holds interest rates steady, a severe recession develops.  Maybe both are inevitable.  He will be blamed for everything, even though the foundation for all the problems were being put in place way before his tenure.   [more]

Recs

20

2008 Predictions

January 11, 2008 – Comments (14)

I'm joining the chorus of fools (not Fools) who think they have a better crystal ball than the average person (or the market consensus).  All the academic research has proved that what I'm about to do is futile, so I guess I really am a foolish Fool.  Here goes:  [more]

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