Some people keep talking stock, whether they’re right or wrong, and stay with their pollyanna beliefs. Others take stock of their own predictions, ignore what they want to believe, and look at reality square in the face. We’re now at a perfect time for taking stock of some recent predictions. Talking Stock Two weeks ago […]
We’ve all heard the plan for saving the nation. Create a “Bad Bank.” Deposit all the bad loans in the nation into the bad bank, and flush them away. The bad bank will buy these loans with money that is minty fresh This magic money will come from the next generation. Our legacy to them […]
Sometimes you have to take off the gloves in order to knock the empty air out of someone. In his February 6th column, National Review Online’s Economics Editor, Larry Kudlow, pointed out that stocks were trading high that Friday, in spite of a massive plunge in jobs. As one of the gurus of the old economy, […]
The word “depression,” which I was using a year ago, is the only thing about the economy that is gaining currency. This dismal word has now flopped off the lips of General Electric’s CEO and Great Britain’s Prime Minister like a dead fish. Another D-word, “denial,” still holds the teeth clenched when it comes to […]
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