floridadon

Wall Street Breakfast: Must-Know News

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

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.

U.S. Economic Outlook: Debt, Dollars, Delusion

With credit card companies running ads showing any other payment method to be unacceptable the credit card lifestyle will only expand.

Alan 'Not-Me' Greenspan Strikes Again

Greenspan has made a career of mucking up the markets and businesses in this country. His negative effects were felt for years, and yet he still can not keep his mouth shut.