about this blog
- Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company.
He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."
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Scotty
The biggest joke: Oil at $78.00 Someone should tell Iran and Russia their core product is virtually worthless. Second biggest joke: Exxon at $79.00. Trillion dollars could go a long way to solving this problem.
Priakor
Cody, what happen to you? You are making sense now, but I remember the time when you were telling people that Dow will go up as high as 15,000 until the end of the year, and I was wondering what you were smoking...BTW tonight's happy hour you just took them down, they are ridiculous in their support for the nationalization..how come no one told them that the alternative of not doing anything and having the markets to act could be better, and the opposite can now just make it worse? Yes, the airlines are an example but a small one, today we have mortgages, insurance and banks plus more to come..there is no coming back from this...
John
Cody, great article. Too bad that none of the actors in reality would even take the time to read how "We the people" feel. Too bad we all can't just stop paying our mortgages and taxes due to liquidity issues. Then they would understand! Our only hope is that at some point all the presses break down. Remember depression-1. Beaucoup money just lost everwhere and WW2 was not far away. Think the Washington political playbook has this recurring option in it? Can only wonder who they would make us hate to start it?
Dan
Take a gander at the FED's own data on short-term/overnight loans, especially the 30 day loan rate. The rates are not spiking past historical trend. They are just not falling as much as the FED would like, but then the FED's policy is loose money (where is the missing in action M3 money supply component?), and smart financial people are not going to play the FED's game this time around. This really is a situation where the government, along with most news tv channels, intentionally caused a massive private investor panic to ram through the bailout bill with very little public discussion. What has happened since the bailout bill, oops I mean rescue bill, shows that the US taxpayer was hoodwinked.
Peter
OK Cody, know you know the banking Illuminati is real and not a joke, its time to let everybody else know. Watching Fox Biz & others push this Fed lie is really getting quite old now. Grow a backbone America throw the bankers out!!!, PLEASE take your country back, or move to France!!
Grant
Lay off the Illuminati bit. Several of the most prominent members of the Continental Congress (you know, the ones that signed the Declaration of Independence and that other document that President Bush refers to as just a peice of paper,) were known Free Masons. Those who laid the framework for this great nation are not to blame for the situation we are facing.
Glenn
Time to drop the F-bomb, Cody. Fascism. Hitler and Mussolini would be proud of Bush and his cronies. Naomi Wolf in her book The End of America, A Letter to a Young Patriot does a nice job of examining the ten steps towards fascism that countries take and where the U.S. is on each. Will Obomba try to nationalize certain aspects of our means of production? Most certainly. Will McWar seek to expand the role of the executive branch(he is calling himself a Teddy Roosevelt Republican now)? Yes. We will be fighting hard against socialism that we fail to defend against fascism - government partnerships with industry cartels. Prime example - the Fed. Dan@7:35AM, above, good point. We are getting a chance to live through the same circumstances that occured in the 1910s. You know the owners of the FRS(the banks owning capital stock in the Fed - names not publicized) are getting a nice look at the books of all member banks and preparing to eliminate the competition. Look for the House of Morgan to come out of this very nicely.
GlobalismIsHere
Free Markets ? is that like ? hey, no policing ? how long would products stay on the shelves if no one prosecuted theft ?
Tim M, Florida
Hey Cody; If you really want to know the truth, watch this documentary made in 1996. The last hour will blow you away. http://video.google.com/videoplay?docid=7757684583209015812&q=&hl=en
Dave Young
Last week we were at Cdn.96¢ on the US dollar. The IMF and the World Fed of Banks announced that Canadian banks are THE most stable, the most true asset backed, the least leveraged with the lowest loans risk of ANY banks anywhere in the world. In other words the Canadian economy is THE most stable anywhere. Within 30 hours our currency tanked 14¢ on the US dollar. It doesn't make any sense. Everything is being manipulated and choreographed. The derivatives market made a few people and lots of banks an ENORMOUS amount of money. We now "owe" that system the equivalent of the GDP of the entire planet in losses ... around $60 TRILLION. These are insurance policies that they wrote on the the same assets over and over and over and over again. In the real world, writing duplicate insurance policies on the same asset is called FRAUD. When bankers do it WE owe them when the market goes down. When the market goes up they take in billions. These are all imaginary asset bubbles. They are NOTHING! Yet the world has to repay the banking system because it is showing a $60,000,000,000,000 LOSS on their books. The message has been clear. Pay off OUR debts or we'll have no choice but to allow the financial world to collapse completely. Why can't governments simply declare the derivative losses as fraudulent and hence null and void. The sub prime disaster would work itself out in 6 months. The enormous derivatives losses will drive us into a depression the likes of which can only terminate with massive global conflicts to take our minds off our troubles. China will experience 300++ million workers out of a job and many, unlike 80 years ago, can not just go back to their farms. They are going to be pissed, hungry and looking for somebody to blame!!! And that's just China! The big banks associated with the Federal Reserve in the US have dumped around 30 MILLION OUNCES of GOLD on the market to cover some of their "shorts" and temporary losses. This, again, isn't real gold. They are gold certificates only. Gold has dried up in the world. Demand is still growing, production is down in many areas and gold remains constant on the markets. It should be flying right now. Because the banks have dumped so much "gold" (paper) on the market it is barely above $800 most days! Reverse that manipulation by the banks. Say the gold miners started printing US dollars to drive the price of the dollar down. Clearly illegal. Called counterfeit. Frowned upon by police and governments everywhere. If the miners did it they'd get arrested. The banks do that same thing to the miners and gold producers and investors and ... nada ... nothing. Perfectly fine. Tell me this isn't all BS. Tell me this isn't all manipulated by a few to consolidate their assets and to hell with the rest of the world and our pithy little lives. We need to bring back the guillotine!!!!
Deborah Greene
Will Congress initiate it's so-called taxpayer protection oversight transparency committee questioning? They allowed Pres. Bush and Sec. Paulson scam them with a non-existent plan (or hidden agenda) and now these thugs are holding a gun to the head of the bank CEOs. So where do they get these preferred stocks? What happens to Wells Fargo ESOP? What happened to transparency? Do we have a Republic? Or, have we been under a dictatorship of Illuminati? Who is their next President? Congress needs to invoke the Constitution. Let the chips fall where they may. We can handle it. Throw the thugs out.
Dave
Someone working for Fox News talking about the Illuminati? How could that be possible?