September 2008

It was an unprecedented weekend here in New York.  As I went in to work last Wednesday, there were live trucks parked out front of Lehman Brothers.  As Shaps said to me on the air "it is never good when people want you to be on television, and not in a good way." My Best Guess at the end of our show Thursday, was that Lehman Brothers would go bankrupt by the weekend, and the Federal Reserve ... read more

Oil is about to hit 100 bucks.  I think Thursday is the day, as long as Hurricane Ike stays south and away from those Gulf platforms, we are going down.  My best guess on the show today was by October 1st, you will see oil at $90.  In fact, it should be lower than that, but there are still plenty of pension and hedge funds that are investing in oil.  Does that bother me? The evil ... read more

I thought that to myself as we covered the Fannie/Freddie rescue, er bailout, er whatever it is. What happened to our free market economy? What happened to "only the strong survive?" First, whoever in their right mind believed that a company could be publicly traded but also government sponsored? You either are on or the other. Now both are the first, and that has me questioning where I live ... read more

On Monday I promised to post the video from our interview with former FEMA Director Michael Brown. Three years ago he was in charge of FEMA, and after Hurricane Katrina he took the fall for the President, for Michael Chertoff, basically the entire agency. Was it fair that he was fired? I can't answer that. But, it was extremely ... read more

OK, I just went through your comments on my Mitt Romney prediction for McCain's VP choice.  You guys are vocal!  Interesting the comment that Romney is waiting for another run in four years.  Hmmm. Sorry I didn't post over the weekend, but we were very busy at FBN.  Hurricane Gustav came ashore on Labor Day, and we were live all day with folks from both Fox Business Network and Fox ... read more