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Jeffrey Saut: Cautious Yes, Bearish No

From everything I have read, the excesses that took place over the last five years or so were far worse than the excesses that preceded the Great Depression.
Government pulled the market back from the very edge of the precipice by pumping up the economy with mindboggling amounts of borrowed money and by pulling even larger amounts out of thin air,
Now if you believe the market, it is all systems go for a "V" shaped recovery and we are back to the races.
I just can't believe that it is all that easy. Life simply doesn't work that way. The greater the excess, the greater the pain. There has been outrageous excess but all of the government response has been aimed at either mitigating pain or trying to avoid it altogether.
My advice is to find is to find a good gold stock. It is working really well for me.

Can Central Bankers Prevent a Great Depression?

If you haven't had the foresight to see what could be then I am afraid to say you are in deep poo poo.

Did President Bush's Speech Spark the Rally?

I think you are dead right Cranky Investor. I think you are being a little too generous to the guys on CNBC, xsuddensam.

Why Are Investors Returning to the Dollar?

My answer to your heading, totally deranged.America is a totally insolvent nation that now relies on the money of Japan, China and Russia (?) to keep it afloat.
As for the rest of your article, I only want to say one thing, your first recommendation, Alcoa. When Stan O'Neal departed from Merrill Lynch with a $160 million golden parachute, he was snapped up to join the board of Alcoa. That's what I love about the great American plutocracy. They look after their own, no matter what.

Global Stock Markets: A Crazy Week

long long artice filled with facts and graphs aplenty. The simple fact is this, in America people who are supposed to be the creme de la creme do outrageous things, they get obscenely rewarded and when it all blows up in their faces, they get bailed out by the government ,for the common good of course. That's what is happening right now in the great American plutocracy. Sooner or later this Sodom and Gomorrah financial system is going to be flushed downs the toilet where it belongs.
The cartoon is about the only thing worth looking at. Imagine thinking that George W. Bush has the answer. If you believe that, you truly are doomed.

1929 All Over Again?

Sad to say, but I think you may turn out to be dead right Avery. The greater the excess the greater the punishment. There's been outrageous excess and there's severe punishment acoming. But whether many of those principally responsible for this situation get to experience much punishment is another question entirely.

Great Depression? Nah, Great Reality Check

Mmm the history of the human race would seem to suggest otherwise.

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.

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.

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.

CDS Market: It's Crunch Time

Interesting to note that the Royal Bank of Scotland is down 45% this morning, Barclays 24% on a rumour that the three biggest banks have asked the Treasury for massive cash infusions.

CDS Market: It's Crunch Time

Very good article. Right on the money

So Much for the Bailout

America is hoplessly in debt and the government's answer to the credit crisis is to throw another $800 billion it has to borrow or print at the problem.
Virtually the whole of the financial sector, the car industry and the airline industry are insolvent but they are being kept on life support by the government because most of the major players are considered to be too big to fail.
It is virtually impossible to be elected to office in America unless you offer tax cuts and increased services. And that is because
Americans simply refuse to take any of the nasty medicine needed for the country to even start to dig itself out of this unholy mess.
As a result America and Americans get poorer by the day and that process will only accelerate into the future.
When I look at the stock market, it is clear that it's being driven by a lot of demented gamblers, some of whom do not give a toss what damage their actions cause as long as they can make a buck today.
America's future could hardly look darker.

Non-Farm Payrolls: Enough for a Fed Rate Cut?

Ah just enough time for another demented rollicking rally before the whole thing implodes.

The Financial 'F-Word' That Needs To Be Said

Mate this is a Sodom and Gomorrah financial market at every level and whilst I don't have any great confidence in the Biblical story I think the end result is going to be much the same. This is going to be ugly, very ugly.
As for who is to blame, yeh I have seen the video, it is all the fault of the do gooder Democrats trying to get all of those poor blacks and Hispanics into their own homes. George fought against it and the banks had their arms twisted to make the loans. As with any transaction, just find out who made all the money and you know who is principally responsible. All that those poor blacks and Hispanics got out of it was being turfed out of their homes.