Wall Street Breakfast: Must-Know News [View article]
I always find the drop in new home sales interesting. In this section of Florida new home construction has been down some 80%, now what would any intelligent person think sales would do? The free market has reacted in a predictable way. Enonomic news seems to be a continual self fullfilling prophecy, with emphais on the negative.
On Anna Schwartz's Scathing Criticism of the Fed [View article]
Mr. Greenspan made it very difficult for me when I was in business. One of the reasons I sold out and retired in 1999 was his lack of reality. Even in retirement he does not know enough to keep quite, thus affecting markets, rather than playing golf.
With governemnt afraid to tap the vast energy reserves off the coast of Florida where is our energy to come from? When we do not tap natural gas reserves, what do we use? We, use coal. The irony is China is drilling within 47 miles of our coast in waters off Cuba. Energy policy, there is no policy, but to insert our headf in the ground.
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