Briggsy

How Oversold Are We?

PrudentMan, how can you rail against the evils of socialism when capitalism has just "redistributed" so much of the national wealth into a black hole? Gone. Destroyed.

We don't need to repeat the mistakes of the Soviets just in order to reign in the anything-for-a-buck animal spirits of the wild west.

Steady growth without boom and bust has always been a desirable goal. Otherwise we are simply rolling the dice with a financial China Syndrome.

Why Yesterday's Optimism Wasn't Warranted

Don't fight the Fed? All the Fed is doing is allowing the economy to fall with a parachute instead of smashing its guts out against the ground. Descend yet survive is the objective. The only choices we have on the way down are to shut our eyes or enjoy the view.

What's In Store for Bear on Monday?

This is the first step in nationalizing U.S. banks, which is a very good thing.