StupidityAndGreed

The Herd of Lemmings, Part II

Yes but... Crammer said the market has bottomed, Kudlow says we have a "Goldilocks" economy and Maria Bartiromo always manages to interview bullish portfolio managers who's livelihoods depend on a healthy market. What more do need to convince you that all is well? CNBC is a piece of immoral garbage and a big part of the cancer of greed and consumption that corrupts the US to it's core. I love how they are trying to fuel the greed needed to pump the market by airing half a dozen programs glorifying excess and conspicuous consumption. What a pathetic society!

Have We Reached the Turning Point?

Oops I take that back. I didn't realize the headline was sarcastic.

Crunching the Numbers: It's Not a Recession

I spotted the fact that the financial big boys were lying through their teeth 3 months ago when they claimed the worst was over. The government is no different than a CEO desperately trying to salvage the companies stock price by bolstering sentiment. They have been spinning the whole economic/financial downturn from day one. In fact, the government has been misleading the public on virtually every front since Bush got elected so why would you give recent economic "reports" any credibility whatsoever?

Today's Market: Living in Interesting Times

I can't believe that so many educated people fail to recognize the fundament nature of economic catastrophe. Economic catastrophes occur because they never look the same way twice. While politicians, lawmakers and the media rationalize that the current situation can't be that bad because it does not resemble a previous economic disaster (like the depression) they fail to recognize that, by nature, each new calamity is fundamentally unique. This is NOT the 30s or the 70s. It is a new century and what we are in for has the potential to be more horrifying than anything in the past primarily because no one can grasp the significance of what is occurring. Talking about how everything is OK and the fundamentals of the economy are in good shape represents the pinnacle of stupidity and self delusion. The easy wealth and soft lifestyle the US has enjoyed for the last 40 years is OVER.
Stop dreaming that there is a silver bullet and face the music. pinnacle

1990 All Over Again?

The greed, as people people smack their lips and wring their hands in anticipation of the next "house of cards" bull market, is palpable. You've got to admire the sheer magnitude of feat as CNBC (and others) parade an never ending stream of "experts" claiming that the credit crunch is over and the economy is ready to turn. It's pump and dump on a GRAND scale.
My only problem is that, when this all comes home to roost and there is no longer any way to "spin" the facts, EVERYONE in the world will get dragged down by the greed and corruption of truth, rampant in the US.

Macroeconomic Warning Goes Unheeded

Mind boggling stupidity as the market gobbles up the "bottom is in" good news is a gargantuan understatement. No longer able to discern between spin and reality the entire country has lost it's bearing and hears only what it wants to hear.

Fair Value Target for the S & P 500: 1420

The idiots eager to stoke the next pyramid scheme bull market are stilling slamming their fists on the table and loudly proclaiming the "it's the bottom, pile in suckers".
Stupidity and greed, not fear and greed.

3 Reasons Why the U.S. Will Avoid a Recession: I'm Skeptical

Oops, didn't notice that the author doesn't buy the 3 "reasons". Good call.

3 Reasons Why the U.S. Will Avoid a Recession: I'm Skeptical

What idiotic nonsense. The more aggressive people get as they bang the table and proclaim everything is OK the more obvious their panic becomes. Thou dost protest too much !