Blood in the Streets

Gary North / LewRockwell.com:
The worst is not behind us. The worst is yet to come. I have this on the highest authority - from the man who has openly admitted that his organization has no solutions to offer except month-old data on the extent of the housing crisis. When the public at last figures this out, there will be financial blood in the streets. When I first read Ben Bernanke's March 4 speech, I was amazed at how gloomy he was in full public view. He concealed this gloominess with academic bloviation, which is his version of Greenspan's FedSpeak. But if you pay attention to what he says, you can find out much of what he is thinking. This was not true with Greenspan.

Posted by Editor at March 10, 2008 06:28 AM