17 March 2008
Glenn Beck’s Latest View of the Economy
Posted by Terrie Soberg under: World Economy .
I was going to blog on the different segments of Glenn Beck’s show today, but it’s more concise to just include the text from his email newsletter so that you can access the links to the transcripts. Happy Reading! (And don’t forget to buy your wheat!)
Economy in Trouble
They say that every economic depression has to have a big name to it—well, Bear Stearns met it’s maker over the weekend, sending chills through the spines of those (like Glenn) fearing the worst for our economic future. Glenn covered our faltering economy from all angles on today’s program.
Smarter than Glenn?
Don’t take it from Glenn alone that we are in trouble, he is a former alcoholic DJ–take it from someone a lot smarter. Sherry Cooper is chief economist at BMO. What does she have to say about the ‘domino’s falling’ in our economy right now and why our government is bailing these companies out? Read the transcript here.
Cavuto speaks
Are you an economic optimist still looking for the perspective that will help you not want to slit your wrists today? Neil Cavuto, Fox Business Channel’s main man, says that while this trend could get ugly, don’t lose sight on what keeps him going—the long term. In the long term we always come out ahead. Read the transcript here.
Peter Schiff
The polar opposite of Cavuto is Peter Schiff who is constantly warning people to get out of the dollar and into foreign investments. He tells Glenn today that what it means to be an American is going to get tough—because of years and years of living beyond our means. Read the transcript here.
7 Comments so far...
Mac Says:
17 March 2008 at 11:44 pm.
Holy crap, isn’t there any good news out there people? At least we had the heads up here so we aren’t so shocked but this is getting creepy. It’s getting harder to keep my hand off my eyes.
Cavetrollhead Says:
17 March 2008 at 11:45 pm.
mommy . . .
Stumpy Says:
18 March 2008 at 12:00 am.
Cavey buddy - I aint yer momma but y’all can come join me under my table where I been all day. I fell asleep under here. Gotta warn ya though I snore and it dont smell so great cause these people scared the @#^#^ out a me today.
Cavetrollhead Says:
18 March 2008 at 12:04 am.
Stumpy!!! Your alive!
Glad to hear from you! I can smell you through the internet and I thought you were dead! (I have one of those new internet smellaphones)
Stumpy Says:
18 March 2008 at 12:11 am.
Shoot! Dont go tellin the girls.
SGS Says:
18 March 2008 at 2:12 pm.
In the interview with Cooper, Glenn said:
Now Alan Greenspan comes out where he says that this could be the biggest financial crisis since World War II.
This cannot be good. It is not the first crisis Alan saw. I mean, he has said (once his statements are interpreted!) many times that we are facing the crisis, but he always follow it with suggestions of solutions or actions we could take. I do not see it mentioned here, so I suppose we are at the financial dead end now?
Mac Says:
19 March 2008 at 9:26 am.
SGS, from what it looks like to me, all the rate cuts are designed to stop the bleeding now from Wall Street. But doing that is causing internal hemoraging because the inflation it is causing is ruining the dollar. I guess Greenspan knows that because he told the Middle East to dump the dollar as a backing to oil.
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