and this is the precise moment when the soon to be crowded savers will be cleaned out
while there is no need to panic, yet, for it is still early days, but should you be inclined to panic, it may be best to panic first, or, atleast, gently edge yourself towards the emergency exit where the bigger boys with a better view are hanging out :0)
fear is a survival trait, and panic is rational, best done before the clawing, elbowing, screaming, and the lights go dark and gates shut tight
check out who is now the #1 holder of GLD (gold ETF), and they presumably see more than most of us most of the times in this world where all may be born equal, but soon go separate ways, after say the first second or so
just in in-tray
By Paulson and Co, they be these guys ...
Key developments for Paulson & Co. Inc.
Paulson & Co. Inc. Appoints Alan Greenspan as Member of Advisory Board
01/15/2008
Paulson & Co. Inc. announced its retention of Dr. Alan Greenspan, former chairman of the Federal Reserve Board, as a member of its advisory board. Dr. Greenspan will provide ongoing advice to Paulson's investment management team by sharing his perspective on issues affecting the financial markets. This will be an exclusive arrangement, insofar as Dr. Greenspan will not enter into a similar consulting arrangement with any other hedge fund while he is working with Paulson & Co. Inc. Dr. Greenspan served as Chairman of the U.S. Federal Reserve Board for 18 years, from 1987 until 2006 over four presidential administrations -- those of President Ronald Reagan, President George H.W. Bush, President William Clinton and President George W. Bush. |
