Tomorrow I will be attending the International Monetary Conference hosted at the Cato Institute. The conference is organized by my colleague Jim Dorn, and features a talk by Ben Bernanke current chairman of the Federal Reserve. With high oil prices, the sub prime market, the low dollar, it appears the task of sailing the economy through will be a difficult one. Is the economy deader than a five month old bed-bug or will this be our winter of discontent. Only time will tell.
If I knew what was going to happen to the economy I would be a lot richer man. Perhaps I can ask Dr. Benanke some advice.
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