viva

Global Warming Could Be Double Previous Estimates - MIT

Ofrigginbama gonna get a doktrate from MIT too!

If Bernanke Manages to Stabilize Things, These Sectors Will Rally

Primera, Tejas! Viva la revolucion!

Social Security: A Ponzi Scheme?

The system supports the retirement payments of one retiree by taxing five workers currently.

With one American babyboomer turning age 60 every 8 seconds it will move the tax-distribution ratio to 1:1 within 20 years.

That's one retiree supported by one worker.

The current generation of workers will never get their contributions back in total.

And that's not Ponzi?

Chesapeake Energy Unable to Rally Even After Positive News

Bear markets return stocks to their rightful owners.

Is America on a Downward Slope?

I agree with an abundance of your essay, however....

You tell us not to trust politicians and corporate CEO's and then you say we need to create a bi-partisan commission with the authority to create solutions to our $53 trillion in unfunded liabilities>

Where are you going to get these honorable people who will make up this bi-partisan commission? Hmmm?

Creating humans from the DNA of Washington, Jefferson and Adams might be a start, but that isn't in the cards; and indeed, if they were to be educated in America's government-controlled system, they wouldn't be any better than the "experts" presently offering solutions to our current woes.

Back to the drawing board.

Canadian Royalty Trusts in Need of an American Revolution

LOL. Obama's rhetoric is not worth the hot air used to generate it. He will not defend fossil fuels. He is owned by the greenies. Put propellers on the drilling rigs and you may have a case. Even with that, when your political philosophy is equalized outcomes, you cannot defend anyone wanting to invest and get ahead of the pack. So he will keep his mouth shut.

Canadian Royalty Trusts Will Never Return to Their Former Glory

Dirkson was a bigger thinker. His comment was focused on billions rather than millions. Were he alive today, he might faint at what his colleagues and Illinois successor were throwing around - trillions here and trillions there.

The Honeymoon Is Over: Gauging the Market with an Obama Presidency

You said:

"One thing that did disturb me in what was quite a brilliant victory speech was the mention that issues we face in our economy and nation may take more than one term in office. I’m sorry, but the American people no longer have the patience for inaction by policy makers to drag out the change we voted for."

There are 55 million Americans who did not swallow the Obama Kool-Aid. Speaking for myself, I can only hope his statement is the truest one uttered by him in at least 21 months. He promised more than he could payoff, but the pandering got him the votes he needed to get elected.

But to be fair, the only difference between him, the Democrats collectively, and the Republicans collectively is the speed with which they will bankrupt the nation and confiscate our individual wealth through monetization of the ever increasing debt.

"We cannot borrow our way into prosperity."

High U.S. Corporate Taxes Are a Myth

"to screw the populace and avoid paying taxes. These people are referred to in the venacular as Republicans."

I think you are thinking with your a$$. Congress - in the plural - writes the tax laws of this nation. Last time I checked, it was not a Republican only club.

Reasonable and educated people know that both sides of the isle play the game with favored tax treatment among the lobbyists of industry groups. Float a trial balloon about taking away a special tax favored status or hint that a new tax will be instituted and receive cash for the kitty. This is how they "earn" the money for their reelection campaigns. And we applaud them for sending a few pigs ears home by reelecting them over and over again. That is insanity.

The Beginning of the Endgame for Monetary Policy, Redux

Paul,
What's up with life insurance?

Why the Financial Markets Haven't Responded

Read Marx again. Now that the credit system is owned by the government, you communists only need to grab control over the healthcare industry to achieve what he couldn't during his miserable lifetime. #9 domino down. #10 leaning. One presidential election to go. God forbid.

Seven Thoughts on Capitulation

It's hard to resist picking up shares of good franchises trading at 40% of book value. Waiting to pick them up at 30% might be seen as being greedy.

Bailout Bill: Second Verse, Same as the First

I doubt the banks are excited to pay the additional FDIC insurance premiums. Or did that one get tossed in for the bank lobby with the other bologna, sorry, pork?

The Secret Villain Behind Our Economic Collapse

LCACM,
What else can you blame Bush for before he leaves office? Pile on. It will make you feel good.

Wall Street Breakfast: Must-Know News

Heads need to roll at the SEC. This crisis lands right at their door.

From John Mauldin (9/19/08):

Want to get really mad? Up until 2003, all investment banks were allowed only 12 to 1 leverage. Then in 2004, the SEC basically gave five banks (and only five banks) the ability to lever up 30 or even 40 to 1. Bet you can guess the five banks. Bear, Lehman, Merrill, Morgan and Goldman. Three down.

As Barry Ritholtz wrote: "So while the SEC runs around reinstating short selling rules, and clueless pension fund managers mindlessly point to the wrong issue, we learn that it was the SEC who was in large part responsible for the reckless leverage that led to the current crisis."