Greenspan: You Blew It

Friday, October 31st, 2008

Recently, Alan Greenspan appeared before the House Committee of Government Oversight and Reform. In a prepared statement, he said: “We are in the midst of a once-in-a century credit tsunami. …. This crisis, however, has turned out to be much broader than anything I could have imagined. It has morphed from one gripped by liquidity restraints to one in which fears of insolvency are now paramount. Given the financial damage to date, I cannot see how we can avoid a significant rise in layoffs and unemployment. …. those of us who have looked to the self-interest of lending institutions to protect shareholder’s equity (myself especially) are in a state of shocked disbelief. ….. It was the failure to properly price … risky assets that precipitated the crisis.”

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Michael Johns to Discuss Presidential Election Tonight on Al Jazeera

Saturday, October 25th, 2008

Republican strategist and conservative writer Michael Johns, a former White House speechwriter and Heritage Foundation policy analyst, will discuss the 2008 presidential election on Al Jazeera television tonight, October 25, at 10pm EDT/3am Greenwich Mean Time (GMT). The broadcast will be available live in Africa, Asia, Australia, Europe, the Middle East, and North and South America and at Al Jazeera’s online web site at: Al Jazeera.

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Where The Heck Is The Bottom?

Thursday, October 16th, 2008


A Logical Conclusion

One can make a case that sometime in 2010 our stock markets will “bottom out”. In this scenario, the DOW will decline below 5700 and the NASDAQ will fall under 930, after 33 to 35 months of highly volatile trading.

How credible is this conclusion? Read on.

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Michael Johns to Appear Globally Tonight on Al Jazeera Television

Wednesday, October 15th, 2008

Republican strategist and conservative writer Michael Johns, a former White House speechwriter and Heritage Foundation foreign policy analyst, will appear tonight in a one hour global television interview on Al Jazeera, one of the world’s largest news organizations. Johns will discuss the United States presidential election, American foreign policy and other topics.

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