Stocks Dive 733 Points;More Fiscal Pain In Store;What Will Obama & McCain Do??

Here we go again.
Just when you thought it might be safe to get back into the stock market–ZAP–it plunges 733 points, its second largest point loss ever….as in–ever!
This time the notion is, a steep reported drop in retail sales has spooked investors–at least those who still remain.
And, I am sure that is, in part, true.
But [...]

U.S. To Buy Banks;World Markets Climb. But, Is The Fat Lady Singing???

It ain’t over till the fat lady sings.  So, is she singing?  Not yet.
For sure, today was far better than previous ones in the financial world–markets went through the roof, the U.S. seems to finally have some sort of plan (based on the British model) to pump money into banks and there seems more consensus [...]

Bush Vows To Do All It Takes To Fight Financial Panic—Watch Out Below!!!!

Thank God Bush says “we will do what it takes” to ease the current financial crisis spooking the entire planet. Had he not said that, I really would start worrying.
This is by one account the 21st time the big Bush has spoken out on this topic in 26 days. By now, you’d think he would [...]

Why Sarah Palin Likes To Do It To Herself:Pronounces Herself Satisfied

Sarah Palin likes to do it do herself clearly. In an effort to pre-empt an expected Alaska state ethics report, the Republican Hockey-Mom nominee’s own campaign staff has declared her not guilty of allegations she abused her office–if not herself–while Governor of the often frigid state.
A state public safety officer claims he was fired by [...]

World Gripped By Financial Panic; Credit Crisis Spreads; Can Tina Brown Make Sense Of It All???

Was going to write about the spread of this credit crisis around the globe….till I noticed Tina Brown’s new spiffy website, The Daily Beast.
Brown, of course, edited both Vanity Fair and the New Yorker for many years, bringing both publications into the 21st century.
Back to the credit crisis–talk about speed!  In 1929, the market crashed [...]

Global Credit Crisis Grows–Germany Up Next?

It’s like a cancer this financial crisis. Seems to be spreading regardless of what types of surgical intervention are being applied.
Comes news today that  Germany has “offered a blanket bank deposit guarantee,” says Reuters, in order to try and “contain the spreading credit crisis.”
This, of course, comes just two days after the U.S. puts through [...]

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