- "I’m not surprised by President Bush’s sunny economic outlook—this president would praise the Weimar Republic’s hyperinflation as great for Home Depot and the wheelbarrow industry. But Hank Paulson? I expected better from the ex–Goldman Sachs chief. One of the few honest-to-Betsy revelations in The Age of Turbulence was Greenspan’s acknowledgment that the position of Treasury secretary, once a post for the best and brightest businesspeople and economists, has under Bush been reduced to nothing more than White House water boy for the “fundamentals are sound” mantra."
Wednesday, September 26, 2007
Cramer Gone Wild
James Cramer has a loud article, In Bernanke We Trust, in New York Magazine this week. He's a big fan of the rate cut and and thinks it will prevent a recession. He also rails against everyone from Greenspan to Bush, but is thankful Bernanke found his cojones.