Remember "Dow 36,000," the 1999 bestseller that promised a "wealth explosion" as the stock market scaled ever higher? Its author, Jim Glassman, went back to his only-in-Washington career as a financial columnist, media executive, technology maven, think tank scholar and, most recently, Bush administration point man in the global war of ideas. As for the Dow, well, we where that went. Glassman sat down with Outlook's Carlos Lozada to explain why Barack Obama will disappoint the world's expectations, why al-Qaeda doesn't get the Internet, and why he still thinks the Dow will hit 36,000 -- he's just not saying when.
...[Question:] But you don't feel the need to apologize to someone that read your book, went in and got creamed?
[Answer:] Absolutely not.
Think tank scholar.
When the day comes for me to be on TV and they put that graphic on the screen that tells the audience who they're looking at and what his claim to fame is, here are some recommended titles for me:
- Man About Town
- Bon Vivant
- Creator, BumBum Pants! The Musical
- Celeb
- Shipping Magnate
- You Know Who
- Think Tank Scholar
I think I went to college with Mister Glassman. Yes, I'm certain of it. He was the guy to my left in economics class who remained resolutely opposed to blowing his brains out and storming off in a huff. He obviously went on to get a degree and infect the minds of impressionable housewives everywhere about how they could rise above their stations and claim their birthright as racers of thoroughbred horses.
Why, I bet Mister Glassman doesn't even know that economic --that is, informational-- transactions occur in higher dimensions.
And his thinking having tanked, he's absolutely not going to apologize to those who lost their savings relying on his "financial" advice, while those who relied on mine made 300% on their money over the past ten years. My Nobel-worthy insight? All fiat currencies fail, which is what has happened to the "dollar," the Federal Reserve Note, Moloch Money ("In God we trust!"), since it no longer is the world's reserve currency.)
When Mister Glassman writes his next book, I suggest that he consult with the Vermont Lottery Commission in picking a title. They've got it down to a science with their scratch-off lottery ticket games. Fistful of Fifties!, Cash Blast, Casino Riches
