Skjellifetti

The DJIA's Dangerous Indexing Philosophy

The Fine Print: As Registered Investment Advisors ...

And you just now figured this out?

Nothing Suggests We're Anywhere Near the Bottom

Schill:

Did you fail Reading Comprehension 101? I made no claim except one: that the author had not proven his claims.

On May 13 12:12 AM Schill wrote:

>
> Skjellifetti:
>
> Responding in your same I-Failed-Logic-101 speak: You have made
> claim that there is more than one solution, and yet you have not
> provided another solution. So--get to it. For example, why don't
> you explain to us how California is going to solve its budget crisis
> in the midst of an absence of lending *and* an absence of taxes?
> And, no, "the federal government will bail them out" is not a valid
> response.

Nothing Suggests We're Anywhere Near the Bottom

You have made unprovable claims that your solution is the only solution using a very poor argument by analogy.

On May 12 08:48 AM Karl Denninger wrote:

> Do you realize that paying pensions to firefighters of $200,000 a year from the taxpayer's teat is absolutely unsupportable - and unsustainable?

Citation, Please?

> The fact of the matter is that we OVERSPENT by borrowing at all levels - consumer and government.

> The solution for being an alcoholic (debt junkie) is not to mainline some Everclear!

> You may not LIKE the solution but that doesn't make it invalid.

> When that is the only solution that will work (and it is) whether you like it or not becomes immaterial.

Finance, Credit Cards, and the Fed

Yawn. Since when has finance NOT been in hot water? Over the past 100 years we have seen banks collapse from exuberant, imprudent, and often downright fraudulent lending to farmers for expanding fields, commercial real estate developers for speculative construction, developing nations, housing mortgages, junk bonds, CDOs, etc., etc., etc. The actual instrument in the center of the mania is always different, but the result is always the same.

And at the bottom of the cycle we have always had hand-wringing about the need for the judgment and leadership on the part of the CEOs of the financial industry from one group and the need for more regulation from another.

Tell us something new.