ValueHunter

A Bad Day, Yes, But Enough with the Hyperbole

The problem with this "crisis" is that no one seems to understand why it is a "crisis". One day I read that because banks won't lend to each other, everyday business operations like payrolls, etc. are in jeopardy and threaten to shut down otherwise healthy businesses. That would be an emergency, but then the next day I read that that is not the case, that these arrangements are not in danger. Then I read that the credit gum up is putting the ability to borrow for expansion, mortgages, etc. under heavy stress. Well, that doesn't seem to me to be an immediate problem that needs fixing within 48 hours. I read and I read and I still don't have a clue as to what is happening or what any possible common sense fixes are. Honest experts that are studying the matter are confessing they don't know either. So on that basis, I find it difficult to support a 700 Billion bailout for gamblers and consider what has happened so far a correction. Are we on the edge of the Abyss? I have no idea.

Don’t Blame Wall Street - At Least Not Completely

He lost me at "we stand this day on the precipice of abyss", we stand at the edge of a precipice or abyss...oh wait, maybe he's right, like Wiley Coyote, we do indeed "stand" on a precipice of abysmal depths.

Citi Gets a Good Deal; Ken Lewis Overpaid

"if we stop paying our CEO the money for working hard they will moves to another countries to work"

Good! Let's send them to Russia, Iran, Venezuela and China so they can help those economies like they've helped ours!

Read It and Weep for the USA

Taxpayer = Citizen = Voter = Ronald Regan/Phil Graham, et al = Squarely Responsible.

We've Crossed the Line from Capitalism to Socialism

Just like being for or against the Patriot Act is a moron's choice, because it has several provisions, being for or against "short selling" is also a simpleton's choice, since there are several types of short sellers.
Condemning a particular policy because it is "socialism" or "savage capitalism" is doubly idiotic since the U.S. has always had a good dose of both and there has never, ever been a purely capitalistic society anywhere in the history of the planet.
Even if you could clearly define a particular action as socialist or capitalist to everyone's satisfaction, who cares? Have we crossed a line? Who cares? Even if you could firmly and clearly establish where that line is, we have and will continue to cross it back and forth until the end of time.
Those from the right who invoke "socialism" as the Great Satan that will destroy us and those from the left who do the same with "Savage Capitalism" are useless religious fanatics who treat the isms of economic theory as an end in themselves rather than as what they are, a tool to improve society's standard of living. Crossing lines is not only acceptable, but necessary according to current situations and events, it is not like violating the Ten Commandments.
I don't know whether this bailout is the right medicine or the road to perdition, but I really could give a rat's pitui whether it's "socialist" or not.

Are We There Yet? Not Even Close.

red

The U.S. on the Precipice

We can all thank Ronald Regan for what's about to happen.

Corning Retains Strong Balance Sheet & Market Position Despite Earnings Warning

I'm all over it. Jumped in last week when I saw the irrational sell off.

Questioning Obamanomics

I would sell all the red states to China. They are an economic burden and always will be.

Sinking Slowly into the Sunset

Red Baron, you want the market to decide? Fine, take away all of big oil's subsidies and give it to the wind, solar, etc. companies, for the same amount of time that the oil companies have had it and after that no subsidies for anyone. Not that it's ever gonna happen anyway, there is no free market, never has been and never will be, not here or anywhere else.

Five Great Businesses Currently on Sale

Frank (W)rong will lose his shirt because politics is more important to him than economics.

Is it Different This Time?

I wonder if in the waning years of the Roman Empire anyone said "this time it's different".

What You Can - And Can't - Learn from Warren Buffett

Fitz, maybe WB doesn't give money in the U.S. for the same reason that I don't give money to drug addicts on the street.

Barron's Interview: Six Winners No Matter Where We Go From Here

So it then must follow, that the more people think like Mr Fay, the worst the prospects for the market.

More Bad News for the Anti-Ethanol Crowd

Amory Lovins for Dept of Energy Czar!