Subscribe to Blog via Email
Tag Archives: George Bush
Anyone who thought the Bailout deal was going to be the end of our crisis, had a wake up call this morning. Three big elements of the problem are playing out this week. Hedge Fund Redemptions-As I said last week, … Continue reading
Now that it appears a bailout deal has been struck, I feel a need to introduce a note of realism to the conversation. Last week in his Senate testimony, Fed Chairman Bernanke said the “bailout was necessary to avoid a … Continue reading
A Visualization of our Thirty Years of Profligacy.
This trailer is everywhere. Oliver Stone may have good timing after all.
Orn March 6, 1991, President George H.W.Bush spoke before Congress of “a new world order”, in which the resurgent American superpower (having just defeated Iraq in the Gulf War), would help remake the world in the image of America’s free … Continue reading
Turning on the Government money printing presses has consequences. Crude-oil futures surged more than $25 a barrel Monday as stocks fell, the dollar slid and Treasurys declined amid an investor flight out of U.S. assets. Stocks traded sharply lower, while … Continue reading
The dirty little secret to last week’s crisis is buried in a quote from Henry Paulson in this morning’s Times. “Going back a long time, maybe a year ago, Ben, as a world-class economist, said to me, ‘When you … Continue reading
When you see a fork in the road, take it.-Yogi Berra The events of the past week have clearly brought us to a fork in the road. At any important decision point it’s often useful to do a scenario planning … Continue reading
I called him George W. Bust in February.
It has occurred to me that a McCain-Palin administration would be even more idealogical than Bush-Cheney. Obviously David Horsey feels the same way.