February 2009

Everyone who runs into me says, "What's going to happen?!!"  Well, heck, if I KNEW... I mean, look at the markets right this minute: we got horrific news on the Durable Goods front... DG's are big-ticket items meant to least 3-5 years or more, e.g. cars, washing machines, airplanes etc.  So the number came in worse than expected but the markets are still higher! Do me a favor: try not to ... read more

Gang, Today was 'International Day' on FBN. Alexis Glick started the party with a First on Fox Business interview with the Finance Minister of Sweden, along with the Prime Minister of Canada... two very important interviews in the grand scheme of the global financial crisis. Then at 3pm ET, we landed France's Finance Minister exclusively. Christine Lagarde is one of Forbes' 100 Most ... read more

That most Americans are good people who are going to work every day, paying their mortgages, paying their taxes (even though none of likes doing so!) and reaching for the American Dream. I was stunned the other morning to hear business anchors on another network say that 'everyone should just stop paying their taxes' and refuse to go to work. The pessimism was rampant as was the total ... read more

Hi Gang, Look. You know if you've read my blog, that I'm skeptical that the Stimulus monster plan would truly work the spark-plugs of the economy and get things going but for the past two days, I've only read negative things about it.  Practically every op-ed page in America is ripping this thing, saying it's filled only with pork (it's not... to be fair, $282 billion of it or 35% is dedicated ... read more

Hi Gang, I had a few days to take a mini-vacation to Paris and I was smacked right in the face with a cousin of our own economic crisis: "La Crise Economique."  On a much smaller but no less painful scale than the U.S. recession, the global recession has saturated just about every aspect of French life.   20 years ago I was lucky enough to study a year abroad in Paris at La Sorbonne and ... read more