Tuesday, February 03, 2009

TARP TWO

Tarp two will ail & fail. Back in 2007 I did warm people that banks were gonna fail. The result was ridicule. I said your laughter will turn into tears. Well, here we are. Global commerce at a standstill, even talk of the gov going down, and things are just getting started.

Back in 2001, I talked about how apple would come out with the iphone in 2007 and that it would be a hit. A debunkers said "Apple is a computer company, not a phone company, stoooopid! If Apple dares come out with an iphone, then Motorola will make applesauce out of them."

Well, last year Motorola's profits were RAZR thin, and today they announce that they will dismiss the dividend due to a record loss. It sounds like he needs to do a debunker flipflop.

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