Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (80614)	6/25/2008 10:37:33 AM
From: Sunny Jim	Respond to of 116555

<<Paulson said on Tuesday that the global economy was being strained by costly energy but said U.S. economic fundamentals were sound.>> I wouldn't rely on anything Paulson says. What's he going to say - the country's economic fundamentals have deteriorated to the point that bankruptcy is a real possibility? Our future liabilities and huge debt load far exceed our ability to pay for it all? Nope, Paulson is merely chief cheerleader and jawboner. As for Greenspan I wouldn't rely on his ability to predict a recession. When he was confirmed, the statement was made by a frustrated senator to the effect, I'm concerned about your economic forecasting record, but I guess you can't be wrong forever. Greenspan and Paulson are politicians too - don't put much trust in what they say IMO.