The Daily Marxist (Groucho)

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Back to the Future of the European Financial Crisis

  • Back to the Future of the European Financial Crisis Chronology (hard currency, IMF supervision, zero deficit program. It is all there. Click to read but be careful, the file contains information about the future)

In Honor of The Iraqi Information Minister

We Love The Iraqi Infromartion Minister Site

Bill Miller, Manager of Legg Mason Value Trust.  Mr. Miller beat the S&P for 15 years

"The greatest gains over the next five years will be made in those securities people are panicked about today,"  Bill Miller,  November 2007.

“In dumping shares of Freddie Mac over credit concerns, investors missed the point.…Freddie Mac and Fannie Mae are a solution to, rather than cause of the credit crisis….Freddie is trading in the low $20s and we believe should earn half that price or $10 within five years.”  Bill Miller, July 2008

Abby Cohen, Managing Director at Goldman Sachs.  Ms. Cohen called the bull market

Abby Cohen likes the market at these levels  December 31st, 1999

"Ms. Cohen expects the S.& P. 500 to be at 1,650 at the end of next year..." December 24th, 2000

[...responding to a question about market levels for 2002] "...S.& P. 500 is 1,300 to 1,425..." Abby Cohen, January 2nd, 2002

"But Abby Joseph Cohen, the superbull at Goldman Sachs, maintained that the Dow would roar back to finish 2008 at a level 22 percent higher — 14,750 is the number — as the economy perks up later in the year."  January 2008










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