Quote of the Day

Amusing persective from longtime market observer Richard Russell:

Russell suspicion (of course, I could be wrong):

"Greenspan continues raising Fed Funds until the housing bubble is close (close
but not there yet) to toppling over. Greenspan leaves office in January. A month
later the stock market keels over. The housing market buckles and consumers cut
WAY back on their spending. A severe recession begins. Greenspan is gone, and
the word is, ‘Lordy, Lordy, if we only had Greenspan back, this wouldn’t be
happening . . . Greenspan, Greenspan, why did you forsake

This is my favorite type of prediction: an offbeat amusing statement that simply rings true. Your mind’s eye can see the entire forecast unfold like a movie.


Happy 81st birthday, Richard Russell!
Peter Brimelow
MarketWatch, 10:23 AM ET July 22, 2005   

Category: Economy, Markets, Psychology, Real Estate

Barrons picks up “Fed Responsibilities Outsourced to China”

Category: Media

Wages & Personal Income

Category: Economy

Prediction Markets Redux

Category: Markets, Psychology

Weekend Linkfest!

Category: Investing, Weblogs

Neuroeconomics: Brain Damaged Investors

Category: Investing, Psychology

Housing is Dominating Economic Activity, part 3

Category: Economy, Real Estate

U.S. dominance in science and engineering at risk

Category: Economy, Science

Yuan Roundup

Category: Currency, Financial Press

Atypical Business Cycle Recovery

Category: Economy, Markets