ManAboutDallas

Charlie Gasparino: Another Crash 'Has to Happen Again'

In these few sentences...

"The only thing that can cure it is tough love–allowing firms to fail. That doesn’t mean I wanted the Fed and the Treasury to walk away last year. That would have meant Armageddon. But they should have walked away before that, when the systemic risk was smaller and the damage would have been limited. 1998 would have been a great place to start. "

Mr Gasparino raises intellectual dishonesty to an art form.

Failure IS Armageddon for the failing firm, Mr. Gasparino. It SHOULD have been allowed to happen, right then and there, September 2008. Until you realise this and understand it, just STHU!

Four Reasons We're Headed Even Higher

Articles such as this one by Pixilated Pollyana Pinhead Leprechauns such as this one, telling us in no uncertain terms why Trees Are Going To Grow To The Sky, are probaby the best signal of all that a Major Top is probably nigh, if not already seen.

With luck, and enough cheerleading from the BubbleHeads of BubbleVision and the likes of Cramer The Pixilated Leprechaun, the Dow might... might... make it to about 10,344, or eke out a headfake somewhere over 10,000 one last time to butter up every last chump including, presumably, the redoubtable and gullible Mr. Schwarz .

2008 - Where I Was Right and What I Could Not Have Imagined

A great article, Mr. Tan. The only paragraph to which I take exception is your discussion of "alternative energy". Your perception that it is still "fantasy" is understandable, however. Why? Because "alternative energy" has, indeed, been so long in coming. Almost like Waiting For Godot. The "alternative energy" promise has been "coming" since the days of the very first energy crisis, circa 1973-1974. That's a long time, so it is quite understandable that expectations of it EVER coming and delivering on the long-awaited promise are met with nearly-universal skepticism. But history shows us every new paradigm has to reach its own "critical mass" before it becomes the extant paradigm. "[A]lternative energy" has faced this challenge now for more than a quarter of a century; but I contend its time is now nigh. The automobile industry was a "passing fad" for roughly the first two decades of its life, finally bursting forth in the post-WW1 world as Durant forged GM, Ford was Ford, Walter P. put the parts of Chrysler together, and all the smaller players - Willys, Packard, Studebaker, etc. - rounded out the industry. The auto industry didn't happen "overnight" and neither will the alternative energy industry. But it will happen, absolutely, guaranteed. You declare yourself a believer in "Peak Oil" so if you really, truly believe, then you are FORCED to ask yourself this rhetorical question: "What will both supplant and replace oil for day-to-day energy needs as oil becomes more and more scarce and allocated only to the most crucial [read: cost-justifiable] of applications?" Well, "alternative energy" sources, in their various current forms. And I submit "ae" is closer to that "critical mass" than most realise. Right now the market is sorting out the winners from the losers, there will be both. And from a stock-market perspective, at the moment everything has been taken behind the barn and shot, but that is more a function of market panic than sober assessment. The winners in the new paradigm of "alternative energy" will be revealing themselves in the next economic recovery.