Friday, May 23, 2008

Oil

Oh yeah, and oil would be up to $135 a barrel, which a year from now, will seem pretty cheap, when we're paying $6 a gallon at the pump, and there are riots in the streets that Homeland Security is suppressing. Maybe the conspiracy theorists aren't so crazy after all.

Update: At close to $150 a barrel, $135 sounds cheap! [7/11/08]

Thursday, May 1, 2008

The Economy: One Year Later

If I told you last year that housing would drop, major lenders like Accredited Home Lenders and New Century Financial would be gone, Countrywide would be absorbed into Bank of America, Bear Stearns would be bought at fire sale prices by JPMorgan, investment brokers and banks would write down record losses, the Fed would cut a combined total of 3.25%, finance the Bear Stearns take over, and virtually photocopy money for banks, would you have believed me?