Weekend: Deja Vu All Over Again

Written By Brian Hicks

Posted February 27, 2011

Welcome to the Wealth Daily Weekend Edition — our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles.

Growing up on a steady diet of Brooks, Boog, and Cal, I have never exactly been a big fan of the New York Yankees.

But if there’s one Bronx Bomber you’ve got to love, it’s Yogi Berra.

Berra could do it all in his day, and he certainly had a way with words.

If he were asked today about the absurdity of our current economic mess, I’m sure he would have something funny to say about it.

But since Yogi is not taking my calls, I thought I would put a few of his famous words in the mouths of some other famous people.

I hope he doesn’t mind…

What Ben Bernanke would say:

It’s tough making predictions, especially about the future.

What Federal Reserve Bank of Dallas President Richard W. Fisher would say:

If you don’t know where you’re going, you’ll wind up somewhere else.

What NAR Chief Lawrence Yun would say after a few drinks:

The future ain’t what it used to be.”

What short seller Richard Chanos would say about China:

You can observe a lot by watching.

What a homebuilder would say:

If they don’t want to come, you can’t stop them.

Something Bill Fleckenstein would say:

We make too many wrong mistakes.

A conversation between Ron Paul and Fed Chief Ben Bernanke:

Ron: I think we’re lost.
Ben: Yeah, but we’re making great time.

What commodities guru Jim Rogers would say:

“A nickel ain’t worth a dime anymore.”

What Treasury Secretary Tim Geithner would say:

“I wish I had an answer to that because I’m tired of answering that question.”

What former Countrywide CEO Angelo Mozillo would say:

I knew I was going to take the wrong train, so I left early.

And just one more:

“This is like déjà vu all over again.

That’s what I say to myself these days as housing double dips, oil breaks $100/barrel, and r
ising food and fuel prices trigger riots and unrest in the Third World.

To me, it seems like 2008 all over again… except this time, our gun is out of bullets.

Or is it?

Only the shadow government knows for sure.

But how long can they keep it up? That’s the $64 trillion question.

I guess it ain’t over ’til it’s over.

As for some places to profit, our editors have put together a few of their best ideas for the years to come in this week’s top-read articles from Wealth Daily and Energy & Capital, below.

Have a great weekend.

Your bargain-hunting analyst,

 steve sig

Steve Christ
Editor, Wealth Daily

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