Paulson: 'The Worse Is Over'...

Quote from capmac:

AP Interview: Paulson says credit crisis may be fading

Wednesday May 7, 3:24 pm ET

By Jeannine Aversa and Martin Crutsinger, AP Economics Writers

AP Interview: Paulson says worst of credit crisis may be over; gas prices will blunt rebates

WASHINGTON (AP) -- The worst of the credit crisis may have passed, Treasury Secretary Henry Paulson said Wednesday, while acknowledging that rising gas prices will blunt the effect of 130 million economic stimulus checks. He ruled out a second stimulus package for now.

In an interview with The Associated Press, Paulson said that the turmoil that has gripped Wall Street and took a turn for the worse again in March has eased somewhat. "There's progress," he said. "I think we're closer to the end of this than the beginning."

http://biz.yahoo.com/ap/080507/paulson_interview.html
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If true then eyes on monthly chart, so far it is not bullish, what people say, no matter who they are, only matters when longer term charts are in agreement. If credit crunch is near the end of its cycle then we will see it in monthly charts.
 
Paulson has a poor grasp of economics, he is a useless politician, and he is a confirmed liar. Nothing he says should be given the slightest bit of credibility.
 
Quote from Ivanovich:

Maybe Paulson got replaced by stock_trad3r.
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What a great campaign promise..........

"if elected, I will select my cabinet from the boards of Ellite Trader."
 
The US government is using the idea that Paulson is giving them some credibility because of his past employment....

Paulson is just a mouthpiece of the Bush Oil Administration.....he just says whatever they tell him to say.....

He took the job because of the tax breaks ......equaling many millions....while also thinking about the increases he gets when he goes back to GS.....or another large bank....just a stepping stone....
 
Quote from libertad:

The US government is using the idea that Paulson is giving them some credibility because of his past employment....

Paulson is just a mouthpiece of the Bush Oil Administration.....he just says whatever they tell him to say.....

He took the job because of the tax breaks ......equaling many millions....while also thinking about the increases he gets when he goes back to GS.....or another large bank....just a stepping stone....
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Name a better bank right now! He took the Job because he wanted to retire right!
 
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