Free Republic

The recently-retired banking oracle - who forecast the 2008 housing crisis - made the dramatic prediction this week.. Bove, 83, claimed other analysts won't make the same admission because they're 'monks praying to money' who rely on the mainstream financial system.. It comes despite the collapse of its property sector, which accounts for roughly a quarter of the country's economy, and US growth ... China will soon overtake the American economy and the US dollar will catastrophically collapse, according to famed financial analyst Richard X Bove. In a characteristically histrionic forecast, the recently-retired 83-year-old banking oracle has announced that 'the...

Over his 54 years as a financial analyst, Richard X. Bove perfected the art of grabbing attention. Through thousands of newspaper interviews, cable news appearances and radio segments, Mr. Bove turned what can be a dull, by-the-numbers career into a more showy one. Weighing in on the economy and the inner workings of Wall Street, he often bucked conventional wisdom and made enemies along the way. By his own recollection, he never turned down a media request; American Banker once called him “the country’s most quotable bank analyst.” Last week, a few hours after completing a spot on Bloomberg television,...

In 2008, the nation entered into a financial crisis widely believed to have been caused by excesses in the residential mortgage industry. By 2010, the nation thought it had put in place a series of measures that not only would resolve the crisis but would insure that it never happened again. Yet, here we are in 2015 looking at another potential mortgage crisis. Only this time it is different. In 2008, funds flowed in waves into the mortgage industry. In 2015, it appears the funds are drying up. The solutions to the problem in 2010 and thereafter included: Suing and...

New York soon will no longer be the financial capital of the world thanks to a hostile government that has served up a menu of punitive regulations aimed at driving big banks out of the country, says analyst Dick Bove. In his latest broadside against the post-crisis regulatory environment, Bove asserts that a recent spate of layoffs, particularly by Goldman Sachs, is just the latest sign that large financial institutions will have to take their operations overseas. The result, he says, will not be good both for New York and the nation. ... In the current climate, Bove says the...

PARIS, France (AP) -- He helped wreck a McDonald's restaurant, campaigned for the French presidency and now is refusing food to protest genetically modified corn. Jose Bove, France's most famously militant farmer, and about 15 supporters launched a hunger strike to pressure the government to ban cultivation of genetically modified corn. "We will hold out for as long as it takes," the mustachioed sheep farmer, an unsuccessful presidential candidate last April, said Thursday. Bove, who is in his mid-50s, ate only vegetable soup for eight days before the fast to accustom his body to the lack of food,

Ah, the French. How to think of them? There is an easy default answer: kindly and gratefully. After all, they helped us in the Revolutionary War, gave us Alexis de Tocqueville and the Statue of Liberty, and to this day feel a keen republican spirit in harmony with America's own. Sure, we have had our spats. But when the chips are down, you can count on France to be on our side, more or less, and to supply some great wine if it is needed. ...Before 9/11, 77% of Americans held a favorable opinion of France. By March 2003, only...