Richard Shinnick

Greenspan's Latest: Oil Boom Will Likely 'Go on Forever'

Greenspan who?

It's Ugly Out There. What's Washington Waiting For?

Yep,

When things are going great, get out of our way. When things are a little shaky, HELP!!!!!!!!!

Whatever you do, under no circumstances let home values fall to where the average responsible family in a given area can afford the average home. That would be terrible. HELP!!!!!!!!

Hurry up and send out those checks, my children will have to make them good, but I am a little tight on cash this month with 2 BMW payments and that time share in Aspen. I need some relief. HELP!!

When a friend bought 4 times the house he could afford with a 1% teaser I told him it was irresponsible, he told me that if things got bad the government would have a program to bail people out-that is what the mortgage broker told him. You know, he was right.

So much for moral hazard. Borrow against your children's future, great examples we are. Send out the checks, hurry, hurry, hurry.

Are Margin Loans a Major Cause for Concern?

Margin goes both ways these days-long and short. If you went out on margin and bought SKF or SRS or SDS or really any ultra-short etf, you have no worries at this point.