Mbuna

The Economy on Dope: Investors Fear Inflation, Embrace Gold

Kudos, nice article! I am almost shocked to find someone who generally thinks like I do about this situation. Except I can't imagine this continuing unabated for 10 years- things move much too fast now and I fear the wheels are coming off.

Comparing Value-at-Risk to Crash-and-Burn

The assumption that clear headed thinking can prevail in an asylum full of financial lunatics leaves me wanting. Okay, okay, they're financial deviants not lunatics. Yes, if people paused to think before the feeling of just wanting that little more overtook them it could do some good, But that is certainly NOT the Wall Street of these past few years and at the very least some parental controls are called for and even possibly some electroshock therapy to cure that deviant behavior.

-777.7: Where Do We Go from Here?

"Next, we are working without a net. Washington has no credibility on Wall Street at the moment."
That may be true but ultimately it is beside the point. The point is that Wall Street has no credibility, period. The only way that Washington can change the lack of credibility on Wall Street is to nationalize it. That may bring in another set problems, hehe, but if you want change....
Otherwise the bailout is doomed to failure anyway because too many people are trying to hold on to the Titanic thinking they cannot or simply will not live without it. That is hardly creative thinking. Personally I think we are going to find out what we can live without and it may not be pleasant.

Proposed Regulatory Overhaul: Why are the Foxes Designing the Hen House?

Insanity, well of course, that is norm when you have free market hypocrites (Soros calls them (free) market fundamentalists) masquerading as free market ideologists until everything goes wrong. Then of course their true colors become a little more obvious as you may have noticed. Although someone else here on Alpha came up with this phrase I think it is a great way to frame the current mindset of those that hold the financial reins- "privatize gains, socialize losses". It remains to be seen whether this mantra will hold out till the end of the current administration or whether things will get bad enough that there simply won't be enough smokescreen left to be able to feed it to the public.