For those in need of "ray of hope" these days, click here.Posted by Steve Henningsen

Just when you had forgotten about that funny little guy with the charts, he returns. That's right, Ross Perot is back and he has his updated charts with him. You can see them at http://perotcharts.com/
Oh, and they aren't any More optimistic then when he ran for President.
Posted by Steve Henningsen

I have written about Pete Peterson many time over the years and recommended his book, Running on Empty. I would also recommend listening to his interview by Charlie Rose that Barry Ritholtz posted today http://bigpicture.typepad.com/comments/2008/06/pete-peterson-o.html
Posted by Steve Henningsen
It seems the head honchos that make up the accounting rules might change them to force banks to bring their off-balance-sheet items back onto their balance sheets. In other words, transparency would be brought back and banks would have to show the world their true liabilities. My guess is that it would drive make many of them below their capital minimums and that they would need to "shore-up" their balance sheets again. In other words, expect more dilution for their shareholders. Posted by Steve Henningsen
While the idiots on Capital Hill are busy blaming oil executives and "speculators" for the energy mess that politicians past policy's mostly put us in(I'll get to this more in my next commentary) the Pentagon continues to spend our tax dollars like drunk sailors (article). (Not that I have anything against sailors!)Posted by Steve Henningsen
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