markg

Barron's Calls a Bottom

This is one truely asinine statement. The fiasco started with Mr. Blue Dress himself wanting to put every breathing person in a house, continued by a democratic congress applying heavy pressure to relax lending standards. And continued by the general ineptitude of Bernanke et. al. There is plenty of blame to go around, including but not limited to Bush.

The problem isn't Obama's length of term in office, its the fact he promised a solution, and all ideas proposed so far have been hopeless. He can't even nominate cabinet members who can be confirmed without problems. So far he hasn't done much to gain credibility. And I hope that changes soon.

A great deal of general greed and carelessness by the financial industries lead to the rest. This is the group that thinks passing paper and getting points is a value added business and they should get millions for playing the bigger fool game on a grand scale.

On Mar 09 01:42 AM User 372304 wrote:

> Let's see. Bush and cronies were in office for eight years and created
> this mess...in spades. And the wizards at Barrons have the audacity
> to call this the Obama Bear Market. Give us a break guys. He's been
> in office for less than seven weeks.
>
> If there is any hope...it's going to come from the practical, realistic,
> transparent policies of the Obama Administration. Wall Street deserves
> all of the pain they have created from Grasso to Madoff. It has become
> one crooked, corrupt place that deserves to go down, down, down.
> Then maybe we can start rebuilding a society based on truth, service
> and peace.

Wall Street Breakfast: Must-Know News

Sure Obama and company can whine belatedly about TARP money going for bonuses, but where was the oversight before this happened? What can they do now? Same thing they did before, nothing!

The money is gone and it is going to stay gone.

A Capitalist Reformation

"and if they continue to rise I will drop them in favor of carrying catastrophic coverage and self-insuring the large deductible to retain disposable income. 20th century capitalism’s greed precluded any meaningful tort reform because it tried to balance both high-quality healthcare and the option to spin the malpractice wheel of fortune. "

I work in the medical device industry, and while I agree with most of what you said, I would add this:

Two problems with this approach, the self insured pay more than the insurers do. If you doubt this stay a couple days in a hospital, and compare the checks you write with the ones Blue Cross would write. Of course the reason for this is the layers of insurers and health management are what is driving medical care upwards. There is a horrendous layer of money management, and the socialization will only add to it.

The costs of equipment, consumables, and direct labor are flat to lower. It's not the cost of healthcare increasing, it's healthcare management.

Will Bernanke Pass the Real Test?

Are you freaking nuts too? The risk of inflation? This is another Bernanke joke, yes?

Look at the dollar, crude price, all grain commodities....How can anyone say the phrase "risk of inflation" with a straight face?

Greenspan's Latest: Oil Boom Will Likely 'Go on Forever'

Forever is a very long time, especially considering much has been written lately that peak production has past