schminkie

There Won't Be a Recovery

should push come to shove come to anti-government violence, the problem of having no leadership from a political party and commensurate military will bring not revolution or even rebellion but anarchy and most likely fascism. i vote for the bunker in montana surrounded by land mines.

Time Not for a Bailout, But for Nationalization

one thing more, why are 'we the people' being characterized as victims by gov't and media? i am sick and tired of patronizing bureaucrats. ' ...aw, you just don't understand high finance folks. now don't go thinking too much. you'll just get confused. let us experts take care of it ok? go have a beer and watch the game like good children. leave it to us'

out of this whole mess there is one thing true and proven. the experts having already failed in international proportions [again] are clueless.

Time Not for a Bailout, But for Nationalization

2 things.

there are more than 3 fixes. use the mythical 700 billion to rebuild the infrastructure issuing private sector rfp.s with gov't loan insurance [use aig since we already own it] and/or cheap loans, subsidies, funds matching programs, any way to get the capital out there; capital infusion into the population, job and industrial expansion, as needed. once growth begins it would grow geometrically. who know maybe people will have the $$ to pay mortgages and even buy some of those inventoried houses. there's a thought.

2. an economic system must work in good times and in bad times and especially in bad times. remember free market capitalism? ...duh...
let the failures fail. invest the $$ where it will grow [hey capitalism! who'd a thunk it?!] and benefit the real economy much and the virtual derivative non-productive dead in the water economy little or not at all.

Delusions of Debt

somebody had to say it. thanks. who cares about al q'aeda when we have wall st to bring the nation to its knees.

one thing. the gov't can always pay for things - like the money pit called the war in iraq - by printing money. no problemo.

Is This a Recession? Wrong Question.

academic economists are much like the weathermen who, during a storm, tell us it is a sunny day without bothering to look out of his window. like weathermen they are not accountable per their accuracy : jobs ratio. instead the metrics are ratings and tenure.

in vernacular terms, if, looking forward, recession means people are suffering due to the economy, one can call a recession. in technical terms one need to wait for 2 down 1/4s looking backward. in investing
i think it's always a good and profitable idea to look at the here and now and at what likely will follow.

[note: economists have a phd in lieu of millions of dollars earned by their economic acumen.]

Calling a Bottom Here

regardless of all theories i notice that on or about march 20, 2008, when the feds bailed out bear stearns, stocks began to rise and given the predictable ups and downs they continue to do so. look for yourself.