venividivici

270 Comments

    • ON: Sun Oct 12th 09:25 AM
      Commented on:
      Debunking the "Decline of the Middle Class" Myth
      Oh God help me, it's you again. Just what do you hold a Ph.d. in because you are doing inestimable damage to the cause of doing such higher education.
      Look I haven't had the courage to go back and look at your earlier offerings but what I do remember is that they all revolved around the theme that things were not nearly as bad they were being made out to be. Now I know you have a Ph.d. but even you should have worked out that the truth is they are far worse. In other words, you were dead wrong.
      One of the signs of intelligence is realising that you made a mistake, learning from the error and trying not to make the same mistake again.
      You never seem to learn from your mistakes. Look the fact is America and Americans are getting poorer and poorer with every passing day. When you are hoplessly in debt, the answer never lies in borrowing larger and larger amounts of money. That applies to a nation every bit as much as it does to an individual. But that is the solution America is adopting for its latest woes. It will only make things worse.
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    • ON: Sun Oct 12th 08:56 AM
      Commented on:
      Greed As National Policy: How We Got Here
      This a system filled with parasites, piranhas and sharks that are currently engaged in a demented feeding frenzy, devouring each other.
      As to whose principally responsible for anything in life there is one very simple way to find out. You simply look for those who most benefitted from all of the shenanigans. Now who was it who got countless billions of dollars in pay packets, bonuses and assorted goodies? Golly gee, I have plum forgotten.

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    • ON: Sun Oct 12th 08:40 AM
      Commented on:
      The Party Is Over: The Crisis We Borrowed & Spent Our Way Into
      Very good article. The reason Americans get politicians like this is because the only way to get elected to office in America is to promise lower taxes and enhanced services.
      This will work only for as long as foreigners are prepared to lend America greater and greater amounts of money.
      The only thing holding up this skyscraper built out of playing cards is the principle that America is simply too big to fail and will bring everyone else down with them. But it is now crystal clear that this rotting edifice is no longer sustainable. There's serious pain acoming so brace yourself.
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    • ON: Sun Oct 12th 08:29 AM
      Commented on:
      Great Depression? Nah, Great Reality Check
      Mmm the history of the human race would seem to suggest otherwise.
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    • ON: Sun Oct 12th 08:26 AM
      Commented on:
      Global Stock Markets: In the Grip of Fear?
      Good cartoon. Maybe it's time for a lot of the pigs to be sent off to the slaughterhouse.
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    • ON: Sun Oct 12th 08:09 AM
      Commented on:
      The Bottom's Within Sight - Barron's
      "likely to bottom in the next few months" Wow that really is telling us something! At the current rate of decline that might be zero.
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    • ON: Sun Oct 12th 07:38 AM
      Commented on:
      We're in an Opacity Crisis
      It all sounds good but all this enhanced regulation won't make any difference at all if the people you put in charge simply do not do their job.
      What you find is that the smartest people out there are invariably engaged in finding ways to get around or exploit whatever regulatlions are put in place. And often the people who have been engaged in administering the regulations leave for the big money available on the other side of the fence to assist in this process.
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    • ON: Sun Oct 12th 07:27 AM
      Commented on:
      What Does Warren Buffett See in General Electric?
      Yes there was a very good article about GE on Fortune and the way they manufacture their quarterly results. Just whose books can you trust?
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    • ON: Fri Oct 10th 13:38 PM
      Commented on:
      Credit Markets Get Even Scarier
      If you want to get a real feel for where all of this is heading, just spend a few minutes watching the Federal Government's debt clock tick up. It takes just 6 seconds to add another million dollars to the total. And that is just going to get quicker and quicker. I don't want to sound alarmist, but America is heading for bankruptcy at breakneck speed.
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    • ON: Fri Oct 10th 11:41 AM
      Commented on:
      This Bear Market is Worse Than I Thought
      "This Bear Market is Worse That I thought". Gee Kunal that certainly doesn't surprise me because I actually did read one of your other offerings. And it was just as dopey as this one.
      My advice to you is to go and find something else to do with your life because without wanting to be rude, you haven't got a clue.
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    • ON: Thu Oct 9th 22:07 PM
      Commented on:
      How Bad Is the Fed's Balance Sheet?
      Thank you for your excellent posts SWRichmond. You are a shining light of reason. America needs people like you.
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    • ON: Thu Oct 9th 14:08 PM
      Commented on:
      Back to the Great Depression Debates Again
      Perhaps you can explain how eight years of rule by George Bush has brought America to the very brink of economic collapse. Whilst he's always admitted to not knowing much about ecomonacks, tax cuts have been one of his big favourites, the result. The Federal Govenment's debt just passed $10 trillion. Well done, George, that's just one of your legacies that should bedevil Americans for many years to come. Another four years of the same, should see America looking even more like Zimbabawe.
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    • ON: Thu Oct 9th 10:29 AM
      Commented on:
      Did Derivatives Cause the Crisis?
      Yes I think perhaps you are bit too early to assume anything but let's face it, without the extraordinary and every increasing government intervention, this whole rotting edifice would have come crashing down long ago.
      View article »
    • ON: Wed Oct 8th 11:04 AM
      Commented on:
      U.K. Rescue Plan Going the Right Way
      I should add that it was reported that some merchant banker guy in London spend 20 thousand pounds on afternoon drinks in one London club. Little wonder that this Sodom and Gomorrah market is heading down the toilet where it belongs.
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    • ON: Wed Oct 8th 10:11 AM
      Commented on:
      Dinallo: AIG Boondoggle Not Worst Idea Ever
      I am not an American but I have to wonder when are you Americans going to become outraged by these disgusting people?. They simply do not know how to take their snouts out of the pig trough and that is because they are never punished in any meaningful way for their outlandish behaviour so I can't blame them. Hey we get away with this every time!!!! WAKE UP AMERICA. THese people may have destroyed the whole financial system and they are still being rewarded. Am I the only one who is seething with rage at the absurd injustice of it?.
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