nukldrager

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    • Thu Mar 20th 08:04 AM | Rating: 0 0
      Commented on:
      Getting Back to Financial Basics
      You left out a few, but I'm start a little earlier:

      Taxation w/o representation

      American revolution (ftk and his armies)

      Cicil war

      Battle between free enterprise and monopoly's

      Fed reserve act 1913, passed by dems

      The Interstate Highways

      Eisenhower warns of Industrial military complex growing influenece

      McDonalds

      S&L

      Wal-Mart

      Current credit quandry

      At least you could eat one of those! I left out Boston tea party, because that's about a drink


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    • Wed Mar 19th 15:00 PM | Rating: 0 0
      Commented on:
      Getting Back to Financial Basics
      Correction. There was no fed in 1907. I'd better stick to poetry
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    • Wed Mar 19th 14:25 PM | Rating: 0 0
      Commented on:
      Getting Back to Financial Basics
      Well, Tony I thought it was interesting that the fed teamed up with the first JPM to fix things in 1907, and they just did it again, Monday, but ya can't eat that either. It's just a comment. Shakespeare probably missed a few meals in his day, especially since it was more the kind of world Mr. Cara herein espouses. I'll quit while I'm behind.
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    • Wed Mar 19th 12:36 PM | Rating: 0 0
      Commented on:
      Getting Back to Financial Basics
      "It is time for those who provide services to be the servants and for the owners of capital to be the masters." Yeah, and after that the meek will inherit the earth... and, if you read Shakespeare's line a little further he writes; O, 'tis most sweet, When in one line two crafts directly meet."
      Could have been written for the Fed and JPM doin' that thing they do, again.
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    • Wed Mar 19th 12:02 PM | Rating: 0 0
      Commented on:
      The Coming Crash of 2008: A Result of Overleveraging
      drmalaka... you can see the post mortem photos of these bankers in the right panel of the tryptich by H Bosch called "The Garden of Earthly Delights"
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    • Wed Mar 19th 10:51 AM | Rating: 0 0
      Commented on:
      It Wasn't a 'Bailout'
      Panic of 1907... "United States Secretary of the Treasury George B. Cortelyou earmarked $35 million of Federal money to quell the storm. Complete ruin of the national economy was averted when J.P. Morgan stepped in to meet the crisis. Morgan organized a team of bank and trust executives. The team redirected money between banks, secured further international lines of credit, and bought plummeting stocks of healthy corporations. Within a few weeks the panic passed, with only minimal effects on the country." from Wikipedia re jaybe's comment... History repeats itself literally?
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    • Wed Mar 19th 08:53 AM | Rating: 0 0
      Commented on:
      Watch Out For More Bouncing Dead Cats
      Even responsible consumers will have serious problems managing their front DTI in the current economy. How long since;
      "The US Savings and Loan crisis of the 1980s and 1990s was the failure of several savings and loan associations in the United States. More than 1,000 savings and loan institutions (S&Ls) failed in "the largest and costliest venture in public misfeasance, malfeasance and larceny of all time."[1] The ultimate cost of the crisis is estimated to have totaled around USD$160.1 billion, about $124.6 billion of which was directly paid for by the U.S. government -- that is, the U.S. taxpayer, either directly or through charges on their savings and loan accounts-- [2], which contributed to the large budget deficits of the early 1990s. The resulting taxpayer bailout ended up being even larger than it would have been because moral hazard and adverse-selection incentives compounded the system’s losses" from Wikipedia.
      The CDO debacle is reported to be in the $400 trillion range. Humpty Dumpty is going to be a cube when we see him again, because it's cheaper to make squares than it is to make circles.
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    • Mon Mar 17th 12:33 PM | Rating: 0 0
      Commented on:
      Bear Stearns Given Away, Not Sold
      JPM's ok, they still have $197.6 billion left of the bail out money, to keep I presume, and they are reported as being not seriously exposed to the collateral problems undermining the other potential falling shoes.
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    • Sun Mar 16th 10:03 AM | Rating: 0 0
      Commented on:
      Why Is Diesel More Expensive Than Regular Gas?
      It was said that the job of a politician is to obfuscate. They do it well.
      Also agree with maxbid. We are given a Bill of Rights, but sold a bill of goods when it's a fair guess that most Americans would like to have a voice in how the mechanics behind their spending needs are engineered.
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    • Sat Mar 15th 22:07 PM | Rating: 0 0
      Commented on:
      New York Times Reports the Recession is Here: What a Shock!
      Something else happens too, besides recessions. It will be interesting to see if the economy behaves as you suggest, and "normal" is still normal. But is a $435 trillion CDO experiment normal? And oil over $100 and rising normal? And what about consumer DTI ratios. Will there be enough viable consumers to drive the economy after it stabilizes? And what about that word "normal". It's not an oxymoron, but it should be.
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    • Sat Mar 15th 08:45 AM | Rating: 0 0
      Commented on:
      PXJ: Oil Services Fail to Match Crude's Rapid Ascent
      A T, You know something the sheik's don"t?
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    • Sat Mar 15th 08:28 AM | Rating: 0 0
      Commented on:
      The Prius Conundrum
      Unless the entire scientific community is wrong, the addition of man made carbon particles to the upper atmosphere needs to be controlled. Logical ideas in this article especially the last paragraph as a remedy..."This is really why we need a carbon tax, or a cap-and-trade system, or some other way of using a market mechanism to somehow provide incentives to jump on to the energy-efficiency bandwagon. If there's money in it, someone will invent a way to arbitrage people's discount curves. And with arbitrageurs comes efficiency."
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    • Wed Mar 12th 11:44 AM | Rating: 0 0
      Commented on:
      Central Banks, in Panic Mode, Announce Large Auction
      Just a band aid on a festering wound. Pseudo-fed relief.
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    • Wed Mar 12th 10:38 AM | Rating: 0 0
      Commented on:
      $200 Oil - Who's Going to Pay For It?
      Hottest topic of the day for Americans. The disappearance of consumer income and everything that goes with it.
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    • Wed Mar 12th 09:03 AM | Rating: 0 0
      Commented on:
      Bernanke Invents a New Weapon
      I thought it was called the magic window. You know the one where the fed chairman passes a slip of paper through with a number on it and back out from thin air comes a check for some troubled institution that's too big to stay in trouble. Shell's or shekels or shillings, I'm sure nothing's really changed, and everything is just fine.
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