monday1929

Preview from Europe: The Horror Show's Alive and Well

No disrespect, but prayer is best left a personal matter. Some do not believe it is a strategy, and some do not believe in Santa or similar beings who respond to our wishes.


On Mar 12 08:44 AM Speedspirit wrote:

> If retail sales slight improvement might have to do with the bargin
> basement prises, 50% off, then hang on to your hats. Retailers like
> Home Depot and Lowes must be sitting on some inventory and there
> is only one way right now to unload it, sale 50% off. Then they will
> have to close a few stores. Then someone will write another doom
> and gloom article. Our time would be much better spent focusing in
> on all the ways out of this mess. We know that things are bad and
> they will get alittle worse before it can get better.So on the one
> hand half of the country wants Government bailouts to put things
> back where they were with easy credit and consumer spending on things
> we dont really need. And on the other side Doom and gloom. But there
> is light at the end of the tunnel which simply is the middle way.
> Patience, common sense, prayer.

Preview from Europe: The Horror Show's Alive and Well

Exactly. The progression: There will be no recession. There may be a mild recession. We are in a recession which will be short and sweet. The recession may be as bad as 1980. There will be no depression. There may be a very mild, fun little Depression. We are in a Deep Depression which will never end. The Depression is over.


On Mar 12 09:36 AM bricki wrote:

> The fact that the German Finance Minister feels he needs to rebut
> stories on the break up of the Euro Zone is a warning that it might
> be more likely than anyone thinks.

Greenspan Yet Again Blames Others for Housing Bubble

And even worse, the Tax-cheating NY Fed head, who failed miserably at his job, and the Criminal Robert Rubenron, are now promoted to positions of greater power.


On Mar 12 08:28 AM prudentinvestor wrote:

> "We must admit that we have got the benefit of hindsight...." implies
> that no one could have predicted this crisis or foreseen it. The
> crisis was both predictable, and in fact, predicted by many, including
> those like Peter Schiff, whom the msm like to dismiss as fringe,
> as well as by mainstream journals like The Economist magazine (March,
> 2003) www.economist.com/surv...
>
>
> " ... and we all enjoyed the bubble before it burst..", I am not
> sure about the "all". Some, who knew how bubbles always end, did
> not.
>
> I think you really mean to say that most members of the public and
> the mainstream media did not foresee the outcome of excessive money
> supply and artificially low interest rates, and actually enjoyed
> them. I agree, and this is consistent with human history which is
> replete with periodic bubbles. However, the office of fed president
> is too critical to be in the hands of those who are unaware of the
> history and dynamics of bubbles, and who cannot predict the likely
> outcome of populist easy money policies.
>

Geithner Unable to Break with the Past

The money is "fungible" until they want to say that no bailout money is being used for bonuses and Citi-Corpses Armonk 100 million dollar Hide-away. THEN they can separate out the money. Greed does so focus the mind.

The Government's Glass House

" The Chuck Princes of Congress"- Great line, I hope Chucky reads that. His name is now = to corrupt incompetence. The "leaders" who take on the task you suggest should mostly be "incentivized" by the hope of preserving the Country for their children. Pay them generously, but inform them they will be executed in public if found stealing from the Citizens.

Free Lunch for Bernanke and Paulson

Exactly- the odds of them getting this even close to correct are slim to none.
My bet is Deflation/Depression, then hyper-inflation, but either way the main point is that the "markets" are now a manipulated casino- only gamblers/traders should be involved. And THAT is a massive failure of the system.

Are Big Banks Too Big to Fail?

ASHIZASHIZ is correct- Stop feeding the consumer monster. Reduce consumption and starve the beast. Companies want to downsize me? I will downsize THEM.

Paulson and Bernanke: A Conspiracy of Dunces

Bernanke has a distorted view of the causes of the Great Depression. His "dumping money out of helicopter" (his words) solution to Deflation shows a fatal misunderstanding of the "fix". Japan had "free" money for ten years in '90's- good risks did not wish to borrow even at zero percent.
Printing (even more) money will cause dumping of Treasury bonds by foreigners. A Depression is inevitable, the govt. can make it worse, I am sure. Small chance they can make it a little better, but a chance.

FBI Investigates Victims of the Financial Fallout

Fine, jail crooked shorts. But blaming honest speculators who saw what the Wall Street terrorists (bankers/Fed/Treasury) had done and understood that all credit bubbles burst, and this was the biggest bubble in history, is misguided. Blame the regulators and politicians from both parties who were bought off. Do not be jealous of people who knew a ponzi scheme when they saw one- the honest shorts who did try to warn you and others and were scoffed at. "house prices always go up" I was told. When I showed you in blackand white that that was not true, you said, " well, they won't go down this time".

Can the US Government Afford Future Bailouts?

How about shipping each American a small printing press to save postage on stimulus checks. Each press can come with a small supply of blank paper, some ink and a magnifying glass- for quality control.
Remember, all of this is taking place while some still believe we will avoid a RECESSION. That level of denial assures a 6,000+ point drop in the Dow over next 1-3 years.

Stunning Reversals: Is This a Market or a Casino?

One reason the markets "always go up over time", besides inflation, is that the dead losers are carted off and no longer drag down the survivors.
The Dow will soon lose 3,000-5,000 points, and do so quickly.

Paulson and Friends, Translated

Take away their fraudulently obtained salaries and bonuses, it is the only thing they care about. RICO prosecutions , not settlements with their companies (stockholders) money paying the fines.
Fine them, then jail them.

GSE Bailout Likely Marks a Bottom in Financials

How very bullish it will be when Treasuries default, and China invades, and Bush is declared mentally incompetent. That will be a great bottom, and a great day for value investors, if they come out from under their blankets. We must jail the Wall Street Banking Terrorists who did more damage than bin ladin could have hoped for, all while wearing flag lapel pins.

Fannie and Freddie: Rising to Big Cash or Another Fake?

Who wrote this? It makes little sense and reads like a fith grade book report.

Freddie Mac's Latest Earnings Report Made Suckers of Us All

The level of denial, and the instant willingness to believe corrupted statistics and massaged numbers, indicates to me that when reality dawns the markets will lose 50-80 per cent very fast.