1worldcurrency

Marc Faber: 'It Will All End in Disaster'

OK I guess the US doesn't really owe 11 trillion and counting, and the US consumer doesn't owe another 57 trillion.

How could that end in disaster?

Last Thursday Was the Bottom - It's Time to Get Back in

Nice call. The internet is forever.
Oh, Tacitus, they have facial recognition software now...

Sentiment Overview: Bullishness Is on the Rise, Insiders Are Buying

Still going, pump monkey Gabe? I hope you aren't leveraged. Sentiment doesn't produce a viable electric car.

What Does Bernanke Really Know about the Great Depression?

It's not what you don't know that kills you, it's what you think you know but can't possibly.

Bailout Bill Passes; What Happens Now?

Mish I love your work but regardless of how you define inflation, and no one has a monopoly on use of language, certain prices will rise relative to income. If unemployment grows and productivity declines, there will be a smaller supply of goods and income with some demand destruction but the same basic needs. If the printed money doesn't find its way to those with little income, they will experience crippling prices for food, clothing and shelter, which is commonly called "inflation", if not by economists. Forget the CPI. If deflation causes a drop in income and a rise in the price of food, it doesn't matter what you call it, it is nasty.

The Die Is Cast

Can Pelosi and Boehner be unseated? I say yes. Let's organize and send a message. Boehner's opponent is Nick von Stein, a Vet. Will check on Pelosi. votevonstein.com/
What's to lose?

Looking for Hope

Nationalizing in some form is the only option. Europe is doing it as we speak.

Looking for Hope

"The only way to solve this problem is to deal with all banks too weak to lend in the exact same way that the FDIC dealt with Washington Mutual....As soon as the weak banks are forced into bankruptcy, and their assets are placed in the hands of strong banks with responsible management, the economy will get going again."

A fine thought. Put everything in the strong safe hands of JP Morgan and cos. One tiny problem: JPM's exposure to derivatives, $90,000,000,000,000 (ninety thousand billion). It is not a joke.

Looking for Hope

Here's an idea: float wind turbine bonds. I'm all in, forget the yield. As long as Wall Street's commission is discounted to its true economic value.

This Is Not "the Big One"

"Without the government to back-stop them, banks and brokers finally have to get serious about addressing their balance sheets. If they can’t figure a way out on their own then in free market economies you go broke or find someone in the private sector to bail you out."

So where is your outrage at the bailout?

Nothing Happened - Or Everything

Nothing extraordinary happened this week. The Feds spent another trillion. The Chinese patiently grow. Next week, though, oil hits $200.

This Is Not "the Big One"

Well, Bazooka hank convinced both houses and and both parties that this was the big one.

This Is Not "the Big One"

Uh, what? Do you follow the news?
Oh, and add 800 billion and 50 billion (at 10 am) to 10 ten thousand billion, then tell this one is no different.

Current Market Turmoil: You Can’t Explain 'Stupid'

Easter Island had no environmentalists. When they had cut down every last tree on the island (it was a free market, after all) their society collapsed and the standard of living decreased for centuries.

Wall Street Breakfast: Must-Know News

Hey capitalis stool: I guess you're a fan of unconfirmed buyout rumors which pump up a stock in dire straits. Learn to read.