Friday, March 6, 2009

one positive?

Woody Allen had a bit in his stand up act that went something like...'I'd like to tell you something positive...but I can't. Would you take two negatives'

Two negatives would be good news in the current environment. There is no adequate description of the fear and pain that is rolling in waves through our society. Today's NYT business sections had only bad news. We are looking at the world's largest financial institution--Citi--yesterday becoming a penny stock. GE--mainstay of the DJIA sunk into the 5s this week. And no one know anything. the finest, most powerful investment banker in the world was left bereft of any effective ideas. Our new Treasury Sec seems like a fine young bureaucrat. A bank guy through and through, when what we need is a visionary with executional experience and skills.
And who out there could even help. I have an idea: Michael Milken. He saw the future several times. He's taken straw and turned it to gold--launching Fedex, Continental, and others. He has the horsepower and the respect of the markets.
I worked with him in the past--and I can say There is no one else.

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