Run on US investment bank Bear Sterns an example of fiscal failures of Bush Administration but the markets are ready for bear market rallies
Peter Oberois
Mar. 17, 2008

Scare in the market is typical at market bottoms. What really happened is that the Federal Reserve just spent $230 billion of tax payer’s money for Washington’s failed policies. There will be more than a trillion that will be spent in the next eighteen months to rescue banks from run.

It is an example of failed fiscal policies of Bush Administration, effect of tax cuts that never made sense, bad judgment on war and above all lack of oversight on financial markets and mortgage industry. The Federal Reserve should be restructured after failed policies of the Republican party, Mr. Greenspan and the current academic Fed Chair from Princeton.

In India Daily we pointed out for the last three years that Fed Chairman needs to review his Economic 101. They were following the market instead of leading. Now the Fed is trapped and can only react to runs on the banks!

In spite all gloom and doom, the stock market, the dollar and the housing market is ready for an intermediate term rally. The markets are in long term secular bear market. But now is a time for an intermediate term rally that can run its course till the end of the year.

Run on US investment bank Bear Sterns an example of fiscal failures of Bush Administration but the markets are ready for bear market rallies
Peter Oberois
The Federal Reserve should be restructured after failed policies of the Republican party, Mr. Greenspan and the current academic Fed Chair from Princeton.
READ MORE>>

US Dollar lowest against Euro and 12 year low against yen ready for a new bull market
Akash Soni
Think about it, who can dare to say in the public that US Dollar is about to start a bull journey that will last for decades. Who can now say the Dow Jones Industrial Average will make a new all time high in the next eighteen months?
READ MORE>>

Bear Stern’s virtual collapse is the start of run on American and European banks – a hundred year banking cycle topped in 2007
Fred Day
After a sharp bear market rally in stocks and US Dollar, we will be back where we are. More banks will go belly up. That time the fed will be weaker and tired of bailing worthless bank managements.
READ MORE>>

Senator Clinton’s claim of ‘experience’ is the biggest joke in the world
Maria Hernandez
The point is simple, if you just served cookies at an important meeting in Whitehouse, you cannot claim that you have gained Commander in chief credentials or experience.
READ MORE>>

A painter turned into a right wing racial radio talk show host tries to discredit Obama with clips of his pastor
Surjit Singh
Hurrah! Says the painter who left his profession for repeated bad painting jobs. They found something that can derail the ‘Audacity of Hope’!
READ MORE>>

US stocks, Dollar. Real Estate, and Lumber futures ready to rally for the next twelve months –Federal Reserve draws the line on the sand
Sandra Simons
The R word is finally out. The radio talk show hosts, TV big mouths and main stream media in general are fully bearish now. That sets the ideal situation for an intermediate term bull market.
READ MORE>>

MORE ARTICLES >>