Happy Birthday to Pres. George W. Bush!

July 6, 2014

Steve Forbes in the July 2 Editorial on Forbes Magazine compared Robert McNamara’s handling of the Vietnam War with Hank Paulson’s management of the U.S. Treasury (2006 – 2009).Steve Forbes on Hank Paulson as McNamara July 2, 2014

Towards the start of what would be the Financial Crisis of 2008, on March 4, 2007

U.S.Secretary Hank Paulson said: “Clearly, no one’s got a crystal ball. So there’s always a possibility that there will be a downturn, always a possibility,” Paulson said. “But I don’t see it. I think we have a healthy economy in the U.S.” 

 

Treasury chief feeling good about economy

WASHINGTON Sun Mar 4, 2007 3:58pm EST

http://www.reuters.com/article/2007/03/04/us-usa-economy-paulson-idUSN0420503420070304

Sun Mar 4, 2007 12:10 PM ET

WASHINGTON (Reuters) – U.S. Treasury Secretary Henry Paulson on Sunday said he feels good about the U.S. economy and does not see the country slipping into recession.

In an interview with ABC’s “This Week,” Paulson offered some soothing words for financial markets after a week of volatility following some remarks by former Federal Reserve Chairman Alan Greenspan that a recession was possible this year. Paulson acknowledged that an economic slowdown is possible, but said he saw a rosier outlook.

“Clearly, no one’s got a crystal ball. So there’s always a possibility that there will be a downturn, always a possibility,” Paulson said. “But I don’t see it. I think we have a healthy economy in the U.S.”

On Sunday, March 4, 2007 7:48 PM, B Macario <b_macario@hotmail.com> wrote:

March 4, 2007

Quote from the news:”Clearly, no one’s got a crystal ball. So there’s always a possibility that there will be a downturn, always a possibility,” Paulson said. “But I don’t see it. I think we have a healthy economy in the U.S.”

====================

Yet by March 7, 2007, based on the 6-month Financial Analysis (Sept. 2003 to March 2004) I was asking if anyone was interested in a “Crystal Ball” forecasting/prediction system that Alan Greenspan would be looking for in his Oct. 18, 2013 interview.

See: https://www.nedmacario.us/2014/07/05/happy-birthday-america/

Also on May 21, 2004, I wrote Paper No. 8 (Note to Self) predicting which industries and businesses would encounter various problems . See: 5) Paper No. VIII: Original E-mail dated May 21, 2004 updated Fri. Nov. 16, 2012

Paper No. VIII: Original E-mail dated May 21, 2004 updated Friday, Nov. 16, 2012

Fwd: Re: – Market View from Las Pinas ( Finance This Time ) Crystal Ball Anyone?
Bienvenido Macario <laspinassja@yahoo.com>

Wed, Mar 7, 2007 at 11:03 AM

> “FINANCIAL ANALYIS: A six-month run.”

> 
> The analysis started mid- September 2003 with estimated visible effects to 
> become obvious by March 18-25, 2004.
>  
> Bienvenido Macario wrote:
> 
> 
> Date: Mon, 6 Oct 2003 14:48:40 -0700 (PDT)
> 
> From: Bienvenido Macario
> > Subject: Re: Personal Inquiry / Request
>
> To:
>
> CC: laspinassja@yahoo.com
>
>  Sir:
>
> If FATF and the rest of world could convince the business and powers that be
> in the Philippines to live up to international financial standards which the
> bankers there really have no problem doing, then investments and remittances
> will increase maybe ten-fold.
>
>  As long as the Philippine economy could make do with these remittances, the
> economy will stick to this status quo.  After all the status quo will never give
> a difficult time for the moneyed families.
>
>    When foreign investors found this out, the exodus started.
>
> Just a note on financials (mark-to-trend) In the week of Sept. 15, 2003,
> certain alternatives or courses of action have been put into motion.  This would
> definitely affect the stock market worldwide, especially the US market.
>
>    In the meantime, world markets would  have to react to these stimuli with
> rippling effects to settle sometime in March 2004.  I’d say March 18 to 25,
> 2004.

==========================

In his new book, Greenspan reveals what went wrong - Oct. 18, 2013

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