My call?
Before the opening bell of the New York Stock Exchange, the Federal Reserve needs to announce they have dropped the prime rate by a point and a half.
That should be enough to do it.
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January 22, 2008 at 7:41 pm
Alan Coffey
I am afraid we are trying to use monetary policy to fix a fiscal problem. We have overspent for decades and the chickens are coming home to roost.
January 23, 2008 at 5:55 pm
Nancy Willing
Local radio host sidekick Selander was on the mic on Monday promoting a paniced run. sell SELL. It was strange, to say the least.
January 24, 2008 at 1:47 am
kavips
It is not my place to impute Brian’s motives, but one of the reasons could have been to light up the phones.
His advice is good if taken as a grain of salt, just that his timing is three months late.
No one should have money they cannot afford to lose, in any US market these days.
With 700 billion of our securities, courtesy of the Bush administration, China actually looks safer than anything on the domestic front.
January 24, 2008 at 7:23 am
Nancy Willing
Well, for me his actions were not just entertainment, they were irresponsible and ill-concidered. If you don’t know what you are talking about and you have that kind of platform, you shut up.
It was fear-mongering, nothing more. The markets always rebound these days and the deep pockets walk away WAY richer and the fools who sell low loose it all. And the ‘correction’ passes as smoothly as a carbonation burp.
I was used to pure junk coming from Jensen. Now I know that Jensen picked a real dummy. Perhaps Selander comes out with an occasional rant about Bushie but for the most part he has not been a foil for Rick, he has been Rick’s fool. His jester.
Someone who knows Selander told me ” oh, Brian is actually a lot more progressive than he acts on the radio’. That was not something that made me feel better, of course, but made me angry and pretty much proved my point that Brian isn’t doing his job very well for the listeners who want to hear a decent discussion not a bunch of nonsense.
He may grow into it. He did save Rich from hanging up on Earnie (a good friend of mine) the other day. If only he can keep that up…
January 24, 2008 at 8:47 am
kavips
If anyone hangs around Al Mascitti long enough, they soon understand that “entertainment”, not decent discussion keeps readers glued to that frequency.
Speaking of which, am I the only one here who heard Al and “Labor” work the phones over Dave’s new pet peeve, “Prevailing Wage”?
In answer to your question: what good is a progressive discussion if all listeners have changed the channel?