from the financial analysis perspective, it doesn’t matter whether geithner is a marxist, or a thumbsucker, or a bulge in the pants of a wall street oligarch. it only matters whether his policy decisions can be described and anticipated, and what advantage that anticipation can provide to financial analysis and market positions. moralizing what are essentially policy disagreements too easily becomes political opinion.

worse, the condemnation laid on geithner and summers implies that this blog takes itself as an influence on policy. if that is so, the community here should be able to explain to me why the market still hasn’t tanked (“corrected”) as predicted.

Sadly the answer may be that most on the list will overplay the negative side for far too long… time will tell. What is up with the Cramer thing?! Depends on which call you want to use I guess but he is all over the place. His sell everything call was late but timely in October but there are so many other calls before that to take into account… What about Peter Schiff? Nassim Taleb?? The real depressing thing about that list is the most obvious.. no Bernanke, no Geithner, no Greenspan, nobody else involved in trying to fix the mess.

She does know her U.S. history though, here she is today:

“I find it interesting that it was back in the 1970s that the swine flu broke out then under another Democrat president Jimmy Carter,” said Bachmann. “And I’m not blaming this on President Obama, I just think it’s an interesting coincidence.”

Of course, Ford was President then, and I’m somewhat sure viruses aren’t partisan. Of course Wilson was a Dem too, so….

FDR put Joe Kennedy in charge of the newly created SEC. ‘Nuff said.

With Cramer being on the list it just goes to show how a single correct call, regardless of all others, and lacking in any real critical thinking, influences the MSM and other ditto heads. I will offer my brokerage statements as testimony that I was more correct, over the last 2.5 years than he.