saw this on kudlow today.
Posts Tagged ‘larry kudlow
viral ‘tea-party’ debt video
great grilling of hank paulson by larry kudlow around causes of crisis. specifically, larry’s theory is that “conveniently timed” changes to mark-to-market accounting in 2007 sowed seeds of the 2008 collapse. Markets collapsed over 2007/2008, and then and only then rallied when mark-t-market accounting was changed in March 2009(day that market bottomed and then went on 60% rally).
you could also take a gander that golden sachs probably bet against the whole market knowing that mark-to-market changes in 2007 would lead to issues down the road.
no matter what caused crisis, paulson again looks like a freaking bumbling idiot that shouldn’t be calling any shots….Vodpod videos no longer available.
$20 oil by this fall?????
oil is crashing due to the goldman/hedge fund bets leaving the market again.
here’s larry k talking about potential $20/barrel oil, which would roughly equal sub $2/gallon gas vs. our $3+/gallon today…which would be nice.
i sold off all my USO (oil ETF) before last month’s oil rally ended…but plan to re-enter the big casino this fall/winter when we have our annual collapse/debt crisis.
great article on the paper oil-bubble:
http://www.forbes.com/2009/06/16/oil-commodities-energy-business-energy-oil-prices.html
from the blog: http://accidentalhuntbrothers.com/
poor neocons….just don’t get it
this clip is like a death rattle for neocons like larry kudlow and don luskin….can’t bitch about china when THEY OWN us and continue to buy our crappy gov’t debt.
“china infiltrating our power grid is act of war” –> sorry larry/don, china infiltrating our power grid is like the FDIC making sure that banks actually have $$$ in them. We owe china a TON of money…therefore good for them for making sure our country isn’t completely collapsing.