So the Democrats want to bail out the auto industry to save the autoworkers. And the Republicans want to bail out the auto industry to crush the autoworkers.
This makes dismal sense — in the worst crisis since the Great Depression, the leaders of both parties are flailing around in utter confusion, reverting to their ideological set-points. This sorry spectacle just encourages partisan hatred while reinforcing our worst fear — that when it comes to this economic crisis, William Goldman’s old line about Hollywood applies: nobody knows anything.
Except maybe Martin Weiss, the financial advisor who heads up Weiss Research. Way back in February of 2005, Weiss predicted the collapse with the headline “Real Estate Boom … and Bust!” In June of 2005, he predicted the “Final Stage of the Real Estate Bubble.” He said that when the bubble popped, “stocks of big banks, construction companies and mortgage lenders will be shattered.” In March 2006, it was “Housing Slump Begins! Housing Bust on the Way!” In September 2007, “Housing Bust Driving U.S. to Recession!” In July 2008, “Major U.S. Bear Market Just Beginning to Unfold!”
Weiss may be one of those perpetual bears, the stopped clock that is right once a day, but his warnings are the reason I managed to save most of my kid’s college fund. So I turned to him for help navigating this sea of spin.
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