Eagle-Chief

Roubini's Clarification, Comments on the Economy

Now all doubt has been removed from my mind. Up until now I have been unsure of who Roubini really is. Now I know he's nuts. In advocating for a second stimulus, he shows that he's not a free market economist. The "stimulus" was a socialist-fascist blunder. It goes against everything that made this (formerly) free market country great.
Also, on SA's homepage it says that Roubini credits Bernanke with avoiding a second great depression. Roubini has LOST ALL CREDIBILITY with me.

California -- the Way Out

Wow - nobody can deny that this is "government gone wild," completely wild, as in, out of control. Thanks for the info, Marsden, and by the way, cool picture, dude !

I say, cut ALL the crap. All of it. These a-holes have BANKRUPTED a great state.

Pandemic: The Return of H1N1

(Big) Mac-123449 - thanks 4 the awesome information ! You know that both the Fed and the U.S. treasury have been silent as to where most of these TARP & STIMULUS funds have gone.

FYI readers - $ 134 Billion is $134 Million X 1000. Mindboggling.

On the article, these SWINES are doing everything to derail the U.S. and global economy. This S1N1 stuff is hog-wash!

The Bernanke Conundrum

Geithner has a conundrum too - how to sell Doggie-Doo (U.S. Treasuries) and make buyers think they are something valuable !

What's Killing the U.S. Dollar and Its Impact on Income Investors and Markets

"Doctor Obama to ICU, STAT."

So, 3 doctors (Obama, Geithner, Bernanke) immediately run to the ICU. After working for a while, the patient dies. It is later discovered that the 3 "doctors" were not doctors at all, but cleaning boys dressed up as doctors.

Richelson: 100% Bond Allocation Is Appropriate

Great Comments ! Poor sucka's (Stan and Hildy) will probably not attract too many customers with this article/interview.

Makes me think of the expression "There are plenty of good 5 cent cigars around. The problem is they cost a QUARTER."

4.5% return? Don't count on it ! Remember the 5 cent (25cent) cigar.

Why Did Bernanke Say What He Said?

Translation of Bernanke's words:

"We're in trouble. BIG TROUBLE. Make that Deep Doo-Doo ! As far as getting any benefits in old age (Social Security, Medicare) - screww the elderly who have worked their entire lives and contributed money to these corrupt entities. Your government would rather spend TRILLIONS in Iraq, Afghanistan, Pakistan, and maybe even Iran. Your government must provide healthcare and education to 100 million illegal immigrants that we have allowed to flood your country. WE ARE UP TO OUR EYEBALLS IN DEBT AND IT'S GONNA GO "BOOM" ONE OF THESE DAYS." - interpretation of Big Ben ( brother of Tiny Tim).

It's scary thinking what our OUT OF CONTROL GOVERNMENT may do - talks are big of a federal sales tax (V.A.T. in some countries - "value added tax"). I say that if the U.S. initiates a
federal sales tax it should be called the R.O.T. (rip off tax).
Health care rationing - it's coming !!! Obama is now saying we have to do health care reform "now or never." A major national insurer was recently suggesting "reducing hospital visits" by the elderly. Here's the nauseating link......
www.msnbc.msn.com/id/3.../

Dollar Chart Tells a Much Different Story than Pundits Do

J.S. Kim - great article ! Good insight.
Ecco - your list is laughable (no offense intended)


A strong currency is not everything,
The US has far more advantages over other economies.
1.Political Stability.
2.Democracy and freedom.
3.Rule of Law.
4.Militery might.
5.Hard working people that enjoy life and consume.
6.Brains being local or imported, they all want to live the American Dream.
7.Leading technology and industry.
8. Land and natural resources
9.Geographical independence and no political or military conflict at bay.
10.No religious, political or racial tension among citizens, they are all equal in front of the law.
11. this list can go on forever,

Tell me if china posses any one of these virtues.
# 1 Political stability - we are more unstable than ever before.
# 2 Democracy and Freedom - we are steadily moving toward dictatorship. By the way - the U.S. is a Republic, not a "democracy. " A Republic is based on the rule of law.
# 3 Rule of Law - this is being eroded day by day.
#4 Military Might - yes, we Do have this, although it is used unjustly.
#5 Hard working people who enjoy life and consume - we also have a massive welfare mentality and a sense of entitlement. We consume massive amount of goods that WE DON'T PRODUCE.
#6 Brains - not too much of this coming out of high schools these days.
#7 Leading technology and industry - what world do you live in? Most has been sent overseas.
#8 Land and natural resources - this WE DO HAVE, but our environment -worshipping liberals won't let us touch much of it.
#9 No political or military conflict at bay? Not sure what u mean, but IRAQ, AFGHANISTAN, PAKISTAN ARE MASSIVE FAILURES.
# 10 No religious, politcal or racial tensions? WOW. You must be writing from a cave, or a jail cell.
# 11 The list can go on forever.... YOU ARE RIGHT ON THIS ONE....The Federal Reserve can print money forever. America can/ will go bankrupt (See Peter Schiff, John Williams - Shadow Govt. Statistics, David Walker -former U.S. Comptroller General). GM and Chrysler going bankrupt and sending jobs overseas, Wall Street collapsing due to massive fraud, pension funds running massive deficits, state and local governments running massive deficits with decreased tax revenues, layoffs in the millions, housing prices falling through the roof, health care crisis (Obama said today that health care reform must come THIS year), bond market troubles...........Yes, # 11 is right, the list can go on forever.

The Recession Is Already Priced Into Stocks

Dude - this article is RUBBISH. During the housing boom (a.k.a. "credit free-for-all") stocks, like real estate, became greatly OVERVALUED. Now they are STARTING to return to normal valuations.

Your last comment is just precious - " Unless you think we’re headed for a stock market crash or depression, now is a time to buy stocks." YEAH RIGHT. LMAO. FYI Greg - we are in the MIDST of a STOCK MARKET CRASH !!! One year ago the Dow was at 13,675, today it closed at 8,378, and there is NO END IN SIGHT. CAN YOU SAY CRASH?

So sure, if you want to catch a FALLING KNIFE, buy stocks. If you want to lose even more money, buy stocks. Thanks for the advice, Greg.

Inflation: One Worry to Cross Off the List

Sir - this analysis is NUTS. Right now there is ASSET DEFLATION in a few areas - housing, the stock market and gasoline, but these assets went sky-high anyway (the housing and stock market bubbles were fueled by a "free-for-all credit mania"). But where else do we see price declines or disinflation as you call it?

MONETARY INFLATION, especially HYPERINFLATION is the big concern. The United States has added TRILLIONS OF DOLLARS to the debt side of the balance sheet as it bails out reckless and irresponsible banks and financial firms. This will result in monetary inflation, very possible hyperinflation.

As far as you saying "Mr. Market is now anticipating that consumer prices will rise a mere 1% a year for the next decade..." this is just nonsense. I'm sure "Mr. Market" didn't anticipate this CURRENT
DECIMATION happening to the stock market !

Inflation may be a "dead issue" at the moment, but for you to say that prices will rise 1% per year for the next decade is foolish. I surely won't accept that at face value.

Will We Know When We've Made a Low?

How about this one Brett - Will we have ANY MORE DOUGH when we've made a LOW?

I have a newfound respect for the stock market as an alternative type of gambling !

State Capitalism: Ideology Now Bonds Russia, U.S.

Rakesh - call a SPADE a SPADE. It's state MARXISM / SOCIALISM / ELITISM, but not capitalism. This is the antithesis of a free market system. It is government interference and manipulation of the free market system, which can no longer be called a free market system.

Marxism. Socialism. Let's call a spade a spade.

The Crash of 2008

Dude - I disagree with your assessment. Here's my take on the matter -

Vladamir Putin was on CNNMoney.com saying that the world has probably lost confidence in Wall Street FOREVER. Forever is a long time. Why have they lost confidence? Because Wall Street and its "investment experts" have been selling fraudulent securities to the American public and to foreign investors for years. And now the game is OVER. The fruad has been exposed.

Americans and foreign investors have entrusted their money (and their retirements) to these fruadulent firms for years. Sadly, because of Wall Street's deception and greed, America will FOREVER lose its position as the center of world finance and investment. Why should investors, foreign or domestic, place their money into the trust of Wall Street money managers who have bankrupted their companies, walked away with million dollar salaries and bonuses and are now bankrutping America and the rest of the world?

Sit tight and ride out this storm? I don't think so. Wall Street and investing in stocks in American has been unveiled to reveal what it is - a con game from the very beginning designed to enrich the corporations and the "investment experts" on Wall Street. Sadly, the hard-working investors saving for their retirement are the ones who are having their LIFE SAVINGS EVAPORATE.

25 Cash Cows to Ride Out the Storm- Barron's

Excuse Me - Cash Cows? What are you thinking?

KO was $58 a year ago, now its $47.41 (down 3.83% today).
MSFT was $30 a year ago, now its $23.01 (down 0.95% today)
MMM was $95 a year ago, now its $57.37 (down 4.34% today)
SLB was $104 a year ago, now its $66.14 (down 0.99% today)
TROW was $57 a year ago, now its $46.05 (donw 1.98% today).

CASH COWS FOR WHO? WALL STREET? THE CORPORATIONS? Sure, go ahead and BUY NOW IN THE GREAT DEPRESSION # 2 and catch a FALLING KNIFE.

You either are a Wall Street/Corporate Stooge or you are misinformed. What difference does a small dividend make if you are losing 25% per year?

So Much for Stability: The Euro Cash Flood

Moonbat - you said it well !

Mikee - what are these central bankers going to do next - start handing out free cash to EVERYONE who wants it, in order to flood the world with "liquidity"? Run the printing presses 24/7/365 and they will "fix" the financial crisis that they created and we will all be millionaires.

Can you say HYPERINFLATION?