Speaking of Warren Buffett..
According to the Reuter’s article “Buffett says Fed avoided chaos in Bear bailout”, WB is to have said:
“I think the Fed did the right thing in stepping in on Bear Stearns,” Buffett said at the annual meeting of his Berkshire Hathaway, Inc. insurance and investment company. “Just imagine the thousands of […]
Category Archives: The Economy
Fed Bailout Consequences
Debt and Credit
The concept of easy credit and Americans carrying too much debt was what first got me into financial blogging a couple of years ago.
Now, you can read news about Americans being overburdened by debt everywhere since the uncovering of sub-prime loans debacle and economic slowdown.
But, even after all of these debt problems surfaced, attempting to […]
April Update
April is almost over and things haven’t panned out as I thought they would.
It wouldn’t be right if I didn’t own up to being wrong about my last couple of forecasts. Plus, how could I bash the experts if I hypocritically excluded my own faults? So, let me highlight my mistakes:
1. About a month ago […]
Peak Oil - End of the World?
If you think “I” have a bearish view of the economy at the present time, then you should watch this video interview of University of Arizona Professor, Guy R. McPherson. He makes me look like an uber-bull.
As so much of American’s daily existence depends on cheap oil, Dr. McPherson predicts peak oil spells the end […]
Financial Regulation Overhaul
Am I the only financial blogger out there who thinks that President Bush’s financial regulation overhaul plan is insane?
Keep in mind that, only about six months or so ago, the President and his yes-men were saying that the economy was in excellent shape and that we shouldn’t be concerned. Now, in just six months time, […]
Economic Anxiety
Hmm.. maybe my views in the Consumer Auto Reports post could be incorrect. Could it actually be fear that will keep people from spending?
According to a Gallup Poll released today:
The percentage of Americans saying they worry “a great deal” about the economy has surged by more than 20 points over the past year, moving the […]
