Just Say Whoa!

Worst Housing Number in Decades: What Is the Wall Street Media Smoking?

Wall Street has been smoking "Free Trade" and "Deregulation" now for decades.

You might say W.S. is a "functional" addict of failed economic/political ideas....

Rising Oil Prices: Good or Bad for Stocks?

>We are in the bottom of the ninth inning of the hydrocarbon age...

Cool!

I'm looking forward to my hydrogen-powered flying car!

Only a half inning to wait...

The Coming Economic Collapse, Part 2

>To give you an idea of how big a problem these deficits are, consider that the US government could tax its citizens 100% of their earnings and NOT have a balanced budget.

So?

Every single homeowner in America faces this same problem.

Their DEBT from their HOME is MORE than 100% of their earnings for the entire year!

Don't you see how stupid and silly this sounds, when it is put into perspective?

Just another talking point, courtesy of the Losers over at the G.O.P....

Wall Street Breakfast: Must-Know News

>The most interesting thing about this street corner game is that the fellow with the shells and pea is the president of the United States. And the people continue to watch and play his game

Oh yeah!

Most people done left the Republican party almost 30 years ago when the St. Reagan Administration initiative Garn-St. Germain Depository Institutions Act of 1982 made ARM loans legal and loosened down payment requirements paving the way to NO MONEY DOWN loans.

Yeah, that's the day when keen observers like you left the Republican party shellgame...

en.wikipedia.org/wiki/...

Wall Street Breakfast: Must-Know News

Blaming Obama for "wanting" to take over failed capitalistic endeavors is like blaming the fireman who show up at an arson to put out the fire.

If the building ("private industry") wasn't already burning down to the ground, there would be no need to put out the fire.

Wall Street Breakfast: Must-Know News

>This administration does not understand many of the ramifications and impacts of government ownership of major components of the private sector.

You do not seem to understand just "who" failed here?

It was not Obama who failed.

It was not even the "Gum'mint" who failed.

It was the private sector who failed.

Back in 1999, according to a survey of CEOs, 95% planned to vote for 'w' in the 2000 election.

With such spectacular bad political judgement, are you really surprised they failed in their jobs, also?

Market, Economy Downward Spiral Has Been Broken

>All it takes is one shoe to drop to wipe out the previous 8 week gains.

At this moment, the likely culprits:

1) CRE crash
2) Eastern Europe crash
3) Another unknown Black swan crashes?

Sucker's Rally Approaching an End

"Sucker rally"?

The only "suckers" out there are people who are NOT buying RYURX (Inverse S&P500 fund) at the current prices and gettin' ready to ride the next crash down like Slim Pickins in "Dr. Strangelove".

And if you're like me, you're "locking" in your profits in on your existing trades with 25% trailing stops, cashing out the "winners" on the way down....

Is the Populist Mob Right?

"I’m not in favor of panic or mobs, but we advocated ‘circling the wagons' in 2007 before attack of the killer globalist extremists with their toxic porridge poisoning the wells for future generations as ingerletter.com members know."

The author is correct--back when Republicans were in charge, the Fed's actions were "peachy-keen":

"...you can't provide responsible or prudent oversight of the monetary structure by caving-in to the unrealistic whims of (largely) the very crowd that perpetrated the core problems in the first place."

The Fed 'Gets It'; Wall Street Doesn't
Gene Inger
December 12, 2007
seekingalpha.com/artic...

Just another political partisan who is "poisoning the well" long before the medicine has had a chance to cure the illness?

Marc Faber: 'It Will All End in Disaster'

>These Austrian Economists have been shown to be right, but the Keynesians are still in control of policy.

Yeah!

The Hoover administration practiced Austrian economics ("laissez faire approach to the economy").

That was fabuously successful! Why it led to something called "The Great Depression".

The Great Depression was loads of fun for Americans and Europeans, too!

25% of young American boys were too malnourshed to be accepted by the military in WWII. What a stroke of genius these Austrian economists are, huh?

And who ended the Depression? Austrian economists?

Yeah, it's not like the massive Keynesian spending on military equipment that the US did in it's buildup to WWII pulled us out of the Depression?

What? It did?

But this guy says that Keynesian spending don't work!

The Bear Market Is Still Alive

The last 28 years of tax breaks for the rich, deregulation and "Enron loopholes", the creation of 40 TRILLION of Credit Default Swaps with no oversight (thank you Phil Gramm!!!) looking the other way while anyone who could breathe was given a mortgage... drove our economy off a cliff.

Have all these problems been fixed?

Barron's Calls a Bottom

Good time to short the S&P before the next bump down!

Long: RYURX

How Much Downside Could Still Exist?

How much downside?

The DOW peaked above the 14,000 level, on October 9, 2007.

During the last depression, it lost 90% of it's value.

That would be around 1400.

Today, the DOW is 6855.

We still have a ways to go in the next couple of years....

High Likelihood of a Market Crash

"I will hold my nose and vote for McCain."

8 more years of Bush policies, GOP cronies packed into all regulatory positions, a DOJ that looks the other way as felonies are being committed, wiretapping Americans illegally, illegal hiring practices...the list goes on and on.

Yes!

That is the only possible solution!

More of the Same that got us into this mess to begin with!

Now, that's THINKING for yourself!

John Hussman: Fiscal Policy Is the Key

It's more complicated than just saying "government spending causes inflation"...

Inflation can be caused by:

1) 'Tax Cut and Borrow' economic policies causes "prices to rise to pay for the growing interest on the growing debt".

2) Trashing the dollar (keeping interest rates artificially low for too long) "causes inflation, as governments will have to deal with differences in the import/export level".

3) Unneccessary $3 Trillion Wars as "governments must both recoup the money spent and repay the funds borrowed from the central bank. War often affects everything from international trading to labor costs to product demand, so in the end it always produces a rise in prices".
www.wisegeek.com/what-...