BY RICH GALEN
Reprinted from Mullings.com

In 1939 Prime Minister Neville Chamberlain announced the creation of his War Cabinet which was made up of five Conservative members and four Liberals. When Winston Churchill became Prime Minister he narrowed his War Cabinet to five members – three Conservatives and two Liberals.

War Cabinets, over the past 100-or-so years, have been formed in Great Britain when it was determined that the very survival of the Kingdom is at risk and it is necessary to bring the best minds in Parliament to bear on the threat, notwithstanding party affiliation.

As I am writing this, at about 9 PM Sunday, I am looking at the Asian markets. They are all down. If you watch CNBC on weekday mornings, as I do, you want to pull the covers up over your head, curl up in the fetal position, and hope that your 401(k) doesn’t go to zero-oh-one(k).  Continue reading →