glassbox

Marc Faber: 'It Will All End in Disaster'

His prediction will always come right, after all, there are only 2 things in life that is certain: death (gloom) and taxes! Its easy to spend your life predicting doom, its much more difficult to spend your life being useful to mankind.

The $60 Trillion Nightmare of Credit Default Swaps

Just declare this market illegal for those who cannot prove insurable interest. Its only good for those who need it for genuine hedging purposes and even for that - one gotta draw the line to where hedging ends and speculating starts.

Meanwhile, I don't understand why they have done anything shut it down up till now?

Selling Short America and the Rest of the World

apppo, well said - the system is not meant to be a game. Its meant to be a fair capital and resource allocation system. Something has gone very wrong for this whole blow up to happen - not just in the cause of the blow up (yes, we all knew it was those few greedy investment bankers) but also by the very way it has been allowed to blow even further up to affect those who have scant understanding of what was coming their way.

If this allocation system is not right, then, the money is only going to be put in the wrong place, opportunities will be lost, the country and economy will not prosper to its optimum.

There are just too many 'traders' in this system and not enough real investors.

Selling Short America and the Rest of the World

GatorTrader, show me the 'fairness' in the game before you call anyone a loser. There are real innocent losers here (with families feed) and the likes of your type and your language is precisely the high horse arrogance that have caused so much grief.

Selling Short America and the Rest of the World

Agree with the author. It is the norm of the wall street intellectuals to stand on their arrogant high horse criticising others for mismangagement and spouting 'free market' idealism. Actually, all they want is just to profit from it.

These days its easy to find 'investors' abandoning ship with slightest hint of problem or challenges. In fact, not only are 'investors' abandoning ship, we get busy bodies (aka short sellers) who will not hesitate to load more burden and lead on an already sinking ship (and at the same time shouting to everyone around them that the ship was already sinking before they loaded more rubbish on it). What happened to tenacity, loyalty, grace, wisdom, trust, integrity and all these which uphold the longevity of humanity and gracious living?

The market is a horrid place - its a wealth transfer machine that sucks from the ignorant/weak/not in the club/marginalised to give to the so called 'in the know'. And this happens not just to individuals who invest in stocks listed in the markets but also to companies who list on it. I would say to all companies and shareholders who seriously want to build a real business and want to leave the financial media to hollywood to just seriously consider privatising their company. It does not pay to be listed - you are seriously selling yourself short. The game is different now from say 30 years ago. Sadly, the difference is the arena is now filled with quite a few big time raiders and blood sucking vampires.