Fed up

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    • Thu Oct 9th 12:21 PM | Rating: 0 0
      Commented on:
      Torpedo Dry Ships - Cramer's Lightning Round (10/8/08)
      To Smartstops,

      I see you are in the Risk Management business. What studies are you referring to that show "Buy and Hold is one of the most riskiest strategies to use"?
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    • Sat Sep 27th 10:12 AM | Rating: 0 0
      Commented on:
      O Bailout Package, Where Art Thou?
      Don't point fingers? Are you serious??? We as a nation (and world for that matter) have just been ripped off by a fraud and gamble of massive propostions (i.e., the real estate/credit bubble) and your response is don't point fingers??? How many bubbles do we have to endure by the stupid, greedy, corrupt riverboat gamblers that play fast and loose with "other people's money", aided and abetted by govt officials lobbied to look the other way? Thanks, but I say hire a few thousand auditors and DA's and put the crooks in jail and take all their money. Yeah, it will be a mess, but at least we can enjoy seeing them hang as we stand in soup lines thanks to their ridiculous schemes.
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    • Sun Sep 7th 10:58 AM | Rating: 0 0
      Commented on:
      A Rustbelt Revival: From Doom to Boom
      This conclusion is dead wrong. Sure, the rust belt is beaten down and one might therefore think the economics would be right for new industries, but have you ever heard of the UAW??? Despite the near collapse of the once mighty Big 3, the UAW still rattles it's sword and goes out on strike even to this day. The entitlement class warfare mentality of the unions is still supreme in many parts of the rust belt and that won't be changing soon my friend. You got this call wrong just like you did housing in Sept '06. If you think the rust belt is going to bounce back anytime soon then I have a nice house to sell you in Florida just as soon as the next hurricane leaves.
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    • Thu Mar 6th 11:33 AM | Rating: 0 0
      Commented on:
      Support For Harmonizing Global Regulations
      I think you are right on target about the importance of coordinated and properly regulated markets world wide. The biggest threat to world economies in the last 30 years seems to me not the natural business cycle or famine, pestulence and drought, but the immoral and corrupt behavior of bad actors in our increasingly free markets. It is inconceivable to me that world authorities sat back while financial miscreants sold tons of bogus mortages and then peddled them around the world as AAA, often through vehicles that weren't even carried on their books. What kind of group stupidity is that?? Yes, it would be nice to have a coordinated worldwide regulatory approach, but what hope to we have of that if we can't even prevent an obvious scam like the mortgage hoax right here in our own country?
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    • Thu Mar 6th 10:28 AM | Rating: 0 0
      Commented on:
      Once Again, the American Taxpayer Picks Up the Bill
      I couldn't agree more with those that also recognize that our brand of capitalism has become dysfunctionally corrupt. Or maybe it always has been and I've been completely fooled. Whatever the case, I have reached my limit with the Enron crowd and want their heads before they destroy this country. I certainly am not looking for a socialized economy, but I am over allowing petty crooks and scam artists to fleece the sheep in the name of "free markets".
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    • Wed Mar 5th 00:58 AM | Rating: 0 0
      Commented on:
      Commodities Bubble Needs to Burst
      If you can't see the commodities (including oil) bubble here, you didn't see the tech and housing bubbles either. Good luck getting out guys when the music stops. A good hard recession like in the good ole' days will make people shake their heads in wonder at these ridiculous prices. You know, like they do now about tech and housing prices at their peaks.
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    • Tue Mar 4th 12:12 PM | Rating: 0 0
      Commented on:
      A Note to the Bubble-Phobes
      I couldn't agree more with the previous posters that many bubbles are not that hard to spot well before they burst. The S&L fueled real estate crisis, the stock market bubble of the 90's, and the recent housing bubble were all quite obvious. When a market by all reasonable measures is way overpriced, every Tom, Dick and Harry is jumping on board, and the market is as corrupt as your local drug dealer, you might have a bubble. Duh. The only surprising thing is that our esteemed leaders don't take action to even address the corruption until the damn bubble pops. Don't any of them have the gumption to take away the punch bowl when the party is laying facing down in the gutter? Really now, the corrupton we tolerate in our economic system is appalling and has much to do with the excessive swings from boom to bust.
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    • Fri Feb 22nd 11:51 AM | Rating: 0 0
      Commented on:
      1970s Style Stagflation? I Don't Buy It
      I agree with the comments. The good Doctor's post needs much further explanation and to also address the issue of M3. With inflation rising and the economy slowing, I don't think the post begins to refute the stagflation argument.
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    • Fri Feb 22nd 11:35 AM | Rating: 0 0
      Commented on:
      How to Help Both Homeowners and Lenders, at No Public Cost
      Just asking. How do you determine the worth of the house to begin with, especially in this kind of market? If you use a price that the house would actually sell at, I don't know if anyone would agree to it.
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    • Tue Feb 19th 19:22 PM | Rating: 0 0
      Commented on:
      Recipe for a Downtrend: Reduce Equities, Keep Some Cash and Hedge
      Good point. That's one of those "duh" moments.
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    • Thu Feb 14th 11:54 AM | Rating: 0 0
      Commented on:
      U.S. Ingenuity Got Us Into This Mess... It'll Get Us Out of It
      Ken's got nothing to do with it. As something of a libertarian, free marketer, and cheerleader for the good ole' USA, until recently I would have agreed with your entire article. I must say though I have become increasingly disgusted with the corruption we've seen in the S&L, stock market bubble, and housing/credit bubble debacles. In all cases the regulatory agencies and auditors got caught either with their pants down or their hands in the cookie jars. How did it turn out you ask? As always, the public paid either through govt bailouts or stock market crashes worsened by financial jiggering and cooking of the books. Yeah, a couple people went to jail, but before long we returned to business as usual and the financial crooks turned to new suckers to fleece. This latest one, the CDO/SIV absurdity, is a real doozy. Wave a magic wand and write a check and your buddies in the ratings agencies will call your toxic crap AAA bonds so you can peddle them to the entire world and get rich on the fees. Now the answer to the mess they created is to debase the currency and find ways to offload the crap to the taxpayers. Come on now, enough is enough. If we don't want to see a regulatory backlash that could truly hamstring the economy, we'd better stop apologizing for the crooks and build a better system to protect the integrity of the markets. Either that, or truly return to "free markets" and let the financial markets and classes drown the next time they they hatch their rip off. No more govt bail outs for our "free marketers". How many times do we have to be played for fools??
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    • Wed Feb 13th 12:31 PM | Rating: 0 0
      Commented on:
      U.S. Ingenuity Got Us Into This Mess... It'll Get Us Out of It
      Did you really refer to our business ethics as if this was a good thing??? You can't be serious. After repeated cycles of corruption by the financial classes and gullable stupidity by the masses, we all should be carrying six shooters folks cuz their ain't no ethic out there except survival of the fittest.
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    • Tue Dec 4th 17:10 PM | Rating: 0 0
      Commented on:
      Why Is Ben Stein Going After Goldman Sachs?
      As a life long libertarian and advocate of free markets, I have to admit I am very disillusioned with the run of bubbles, scams and corruption we seen the last decade or so. Mr. Stein may well be on to something and I give him credit as a conservative Republican for having the courage to raise this issue. If we don't clean up this nonsense, we will only have ourselves to blame if the voters turn to the left.
      View article »
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