On The Agenda: New Business

On my lunch hour, I did a fly by the Take A Report blog today and my eyeballs fell on the computer keyboard. OMG! How in the world could I have missed this?


Well, with the lovely Liz Claman running point, needless to say I will be replacing CNBC with FOX Business Channel as my preferred viewing channel for business news, and any other forms of business that may arise!

Palin A Knockout!

In what may be a shocking development to some, GOP Presidential candidate John McCain selected Alaska Governor Sarah Palin as his running mate. While much of the country may not be familiar with Palin, for those of us who are, we can certainly understand why John McCain chose this mother of five and I am thrilled by the pick.

Palin has been front and center in the energy discussion, frequently appearing on The Glen Beck Program and CNBC's Kudlow and Company. No one has stated the case publicly louder for Palin than CNBC's Larry Kudlow, a former Reagan economic advisor.

Palin is quite an impressive individual, and since energy is topic A on the political landscape these days, Palin is a home run choice. I think this decision left the Obama camp struggling for footing. You want change and a breath of fresh air? You got it!

FOX Business Babe Alexis Glick (our favorite) is just learning about Palin and discussed her with Weekly Standard Managing Editor Bill Kristol. Kristol "gets it".

Although Palin is a bit shy on the experience front, she is much more qualified than Barack Obama. Please see the following link from RedState.com for a mind boggling "Tale of the Tape" http://www.redstate.com/diaries/redstate/2008/aug/30/tale-of-the-tape-sarah-palin-vs-barack-obam/

Drill, Drill, Drill!

Home Equity Squeezed Tight

Alexis Glick (see previous post) of FOX Business interviews a few market players who discuss the issues surrounding the tightened environment of the day.

Banks horribly mismanaged their risks principally through the subprime lending mechanism. Now, while they repair their balance sheets, homeowners with credit previously extended to them are having these loans frozen or called.





In order for the economy to rebound, and don't think for one moment the residential real estate market is not principal in the recovery, the consumer will need bargaining power and lines of credit to work with. With the banks squeezing the consumers by raising credit card rates, freezing credit lines and tightening lending requirements, the consumer appears to be a deer in the headlights.

Banks mismanage risks and then pummel the consumer to help them heal. This extortionist tactic cannot be good news if you looking for a rebound in this consumer driven economy.

BAHL's Babes: Alexis Glick

After biding time at CNBC and over at the Today Show on NBC, FOX Business Channel wisely hired Alexis Glick as Vice President of Business News and Anchor of Money For Breakfast aired each weekday on FBC.

Prior to entering the television world, she was an executive director and ran floor operations at the NYSE for Morgan Stanley. She is a graduate of Columbia University, a mother of three sons, a real estate investor owning several properties and a former basketball star at the high school level or so I read. This is most impressive!

Regrettably, she does seem to be onboard the Obama express, and given her level of education and accomplishment, that is puzzling.

Anyhow, I may be listening to Kernen and gang at CNBC in the morning, but I am watching Money For Breakfast with Alexis Glick.

They Know Nothing

On CNBC's Stop Trading with Erin Burnett a year ago today, Jim Cramer absolutely lost it while discussing the subprime mess.

And what a mess it is. Cramer is just great entertainment and Bear Stearns, trading 109 on this day, is now a morsel of JP Morgan. Since then, the FED has cut over 300 basis points and difficulty in acquiring credit remains at extreme levels as we continue to wring out these excesses and absorb the existing housing inventories.