Archive for March, 2009
Times Online had an interview with George Soros.
-“Unless we handle it well then I think we would. The size of the problem is actually bigger than in the 1930s.”
-G20 summit in London next week is the last chance to avert disaster.
“The odds would favour that it fails because there are such differences of opinion. It’s [...]
Every time I hear Marc Andreessen speak, I learn something insightful. On talking about the key of being successful, he channels Steve Martin: “Be so good that they can’t ignore you.” Steve applied himself with a level of discipline at being an amazing comedian. The level of discipline, rigor, and practice that he put into it was [...]
Jim Rogers was interviewed on Bloomberg. Sadly for us, most of the things he’s been predicting about government incompetence the past year has been coming true.
-This is a bear market rally that can last days, weeks, even months
-There are more bankruptcies to come
-Government is spending money on the wrong things. Most of these [...]
-U.S. economy: “It’s fallen off a cliff” “Luxury goods (business)… sort of stopped”
-This is close to the “worst case” scenario. “We are in a very negative vicious cycle”
-Economy: “can’t turnaround on a dime”
-”Unemployment will go a fair amount higher”
-He is critical of the 8000 earmarks Congress rammed through in this time of economic crisis
-Job 1, [...]