GaryD

79 Comments

    • New Bank Data: Latest Lending [view article]
      Hmmm....based on this guys track record of getting just about everything wrong this post makes me think that the credit contraction is much worse than people are saying.

      The St. Louis Fed data series cited only goes to the end of July...not exactly a reflection of what is going on in the markets right now. Our fine Doctor of Piled High and Deep is looking at lagging and outdated numbers when he should be looking at interest rate spreads to get an idea of what is happening. He clearly has no functioning knowledge of capital markets. Does he think that Washington Mutual just decided to close up shop for the hell of it?

      Sep 30 12:20 PM
    • Worrying About Large-Deposit Bank Runs [view article]
      Many of those withdrawals are company payrolls. Companies of any significant size that do their own payrolls need to maintain sizeable accounts, well beyond the FDIC maximum. The people running these companies aren't going to screw around with the risk of losing their payroll. They are going to put the money into Treasuries. The bubble in Treasuries is a whole different ball of wax. It all ends in a run on the dollar... Sep 26 09:33 PM
    • 5 Things You Can Bet on Following the Treasury's Plan [view article]
      OMFG Sep 23 04:00 PM
    • Is the Current Crisis Really as Bad as the Great Depression? [view article]
      Six days ago this idiot's post was titled "We're Still a Long Way From a Real Banking Crisis":

      seekingalpha.com/artic...

      Six days later (Six Freaking Days!) he says that we are in a banking crisis. What a complete and utter moron.

      I am hereby proposing a "Mark Perry Contra Fund". The fund will take whatever dumbass statement Perry has made in the past week and bet on the opposite coming true.

      For example, when he called a bottom in the housing market a couple months ago, you could have made a killing betting against him. If you bet against the dollar after his insane comments that the dollar was going to roar back you would have made a killing. The list goes on.

      Of course, his bum chum buddies have banned short selling so it'll be tough to execute on this strategy, but where there's a will there's a way! Or is it "where there's a public toilet there's a neocon?" I can't remember...       Sep 19 10:42 PM
    • Since When Is Getting a Loan Being 'Bailed Out'? [view article]
      Why don't you move to Cuba or Venezuela you goddam commie. They have lots of restrictions on the press there so you should like it. Sheesh. Sep 18 02:32 PM
    • Trying To Find a Buyer for WaMu [view article]
      20 bucks and an empty bottle of Henry Weinhard's Private Reserve beer. And I'll also throw in a used, green, spiral bound notebook and a marker that I accidentally left the cap off of. That oughta seal the deal... Sep 18 02:08 AM
    • Trying To Find a Buyer for WaMu [view article]
      I'll give them 20 bucks for it. Sep 18 02:06 AM
    • Demand for Gas: You Can't Have It Both Ways [view article]
      Get a job that isn't taxpayer funded and maybe you can talk about free markets. Until then, get lost. Sep 15 04:29 PM
    • We're Still a Long Way from a Real Banking Crisis [view article]
      Fatcat, there can be many sides to an argument. One of those sides may be a steaming pile of fresh wet dung, which happens to be the side that Dr. Perry usually represents. Does it deserve to be heard? No, it doesn't since it is not based on anything but the mental equivalent of abowel movement. Sep 15 03:18 PM
    • We're Still a Long Way from a Real Banking Crisis [view article]
      This guy doesn't seem to understand that it is not "banks" that are the problem, it is "financial institutions".

      ml-implode.com/

      I doubt that this guy has even a basic working knowledge of capital markets. Your tax dollars at work, folks!

      Sep 12 05:02 PM
    • Economic Facts: U.S. Economy Is Doing Quite Well [view article]
      This is cherrypicked data with no historical or trend data to back it up. He neglects to mention that the Netherlands, Finland, Sweden, Switzerland, Denmark, Ireland, Iceland, Qatar, Norway, Luxembourg, and Liechtenstein all have passed the US in GDP now. The US is fading down the international tables due to corruption and incompetence at the highest levels of government. Fortuntately for the people in power there are sycophants like Perry around. Good little soldier.
      Sep 05 03:29 PM
    • Real Disposable Income Up by 11.4% in Q2 [view article]
      Ph.D = Piled High and Deep. Desperate times call for desperate postings, and this guy is desperate for a government posting somewhere. This is what our kids are being exposed to in college. Yikes! Sep 05 02:13 AM
    • Investing in Biotech: The 3 Phases of Clinical Trials [view article]
      Good call, Egg. Sep 01 11:50 PM
    • Playing the Market as Delinquencies Continue to Rise [view article]
      Can you short a company that trades at less than $5 per share? Sep 01 02:57 PM
    • Gold Coin Rationing: Where There's Smoke, There's Fire [view article]
      Maybe the US Mint suspended sales of gold coins because they ran out of bullion to make coins from and had to order more? Back orders happen frequently when there is a demand spike in a manufacturing business, why wouldn't it happen to a government agency that is probably now being run by some ninkompoop member of the Gay Republican Mafia? Aug 28 01:27 AM
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