robert.b.ferguson

10 Reasons to Believe That We're in a Depression

What we have here is a failure to communicate. We the people keep telling our corrupt officials elected and unelected what our expectations are. Those officials keep ignoring us and telling us they know what we need better than we do. With a little luck they will begin to understand in NOV 2010.

Fiscal Policy: Obama Administration Isn't Making Much Sense

Nothing about this situation is making sense. We can't see an end to rising unemployment. Meaning the figures used for calculating tax revenue is way off as those revenues have declined over 30% (unemployed people don't pay taxes). Yet we keep trying to spend more imaginary money. Mr. President and company: Step away from the check book. You are over drawn.

The Coming Economic Nightmare: Part 1

With debt rapidly approaching 100% of GDP we will soon be unable to service that debt. Collapse of the currency and the broader economy are becoming an inevitable result of current and past policy. What ever shall we do when the sky actually falls? We can't run off to tell the King because he helped cause it. Perhaps the Queen of hearts had the right answer. OFF WITH THEIR HEADS!

Minyanville: Subprime Lending Is Back with a Vengeance

This program is designed to shore up the democrat party just as the original CRA was. Eventualy we will get the same results over again. Einstien had a word for this.

Geithner's Obeisance to Chinese Officials Reveals U.S. Weakness

Good article. Bottom line is that China wants it both ways. They want everyone else to run deficits while they price thier currency at artificialy low rates. One problem is that U.S. consumers are changing thier spending/saving patterns toward the saving side. Bad news for China. If joe six pack quits buying China's products China will have big problems as thier political system could collaps. They want to finance U.S. debt without exposure to the U.S. dollar.

Government Action: Mission Not Accomplished

Great article Peter, hat tip. Summers is an idiot or he's in denial. When your citizens have endured their retirement accounts hemorrhaging half their life savings. Your bank's balance sheets are so loaded with toxic waste that they can't loan to even well qualified applicants. Most folks are in debt up to their eye balls and all the neighbors are unemployed and going in to foreclosure. It becomes obvious that the mission is not even close to accomplished and the recession is not over.

This Recession Isn't Over: Now for the Hard Part

There really is no telling how far in or out of trouble we may be in beacause of the afore mentioned deceptions perpetrated by multiple administrations and nations. However team Obama is agressivly persuing unsutainable agenda programs (borrow and spend) and carrying the deceptive practices to a whole new level. Currently world wide there is over $400T in unsecured debt (if any debt can be considered secure now). That folks is 12 times the entire amount of global GDP and still growing. Green shoots? better look for them growing out of the manure being shoveled on top of us.

Wall Street Breakfast: Must-Know News

More fuzzy logic. Fed made $2.7B and at the same time lost $5.2B. Doesn't that mean a net loss of $2.5B? Oh silly me we are talking in Obamanomics where not that bad is good and if you make $75K you are somehow rich. Now let's see here does pay-go mean anything above $3T? May be we should ask Ken Lewis to figure it out. Never mind he would just say whatever he was told to. I have a great idea we should apoint a fuzzy logic Czar that will fix every thing.

The Market Bubble Is About to Pop

You can't ignore the relationship between political maneuvering and market manipulation and the market's reaction. Should the cap and trade bill become law it will be a huge albatross around the neck of the U.S. economy. That could potentialy trigger another down leg as it would represent the largest tax increase in the history of the world. Be of good cheer though after every fire there is a fire sale. Just don't get caught in the conflaguration.

Wall Street Breakfast: Must-Know News

doubleguns: Greetings. I fear you are correct. There is a disturbing pattern emerging of Uncle sugar picking winners and loosers. They apearently can decide which laws apply to whom as well looking at the tobacco and google decissions. The cost of borrowing money has just gone up due to increased risk in the corporate bond market. There will be multiple unforseen and unintended consequences from this none of them will be good. I'm cashing in my bonds before team Obama comes for them. How long until the IRAs and 401K accounts are nationalized in the name of the greater good. Emminant domain now means no private property rights at all. Buy gold and bury it if you still have a yard to bury it in.

Is a Case of Quant Trading Sabotage About to Destroy Goldman Sachs?

Very well done Tyler! There just is no honor among thiefs. Now that they have stolen all they could from us they are stealing from each other.

Obama's Dance of the Seven Veils

I'm sorry but the entire premise that the world should dictate how we operate our markets is rediculous. Our brand of capitalism has created more wealth for more people than any other single thing in the history of the planet. Our standard of living and health care sytem is the envy of the world. President Obama's rush toward European style socialism is an ill wind that blows no good for any one. Did you watch the Billy Maze Obama infomercial on the All Barak Channel (ABC) last night? Once again it was long on philosophy (I especialy abhored the part about government deciding who lives and dies) and short on specificity. No surprise there. President Obama is weak minded and inept his policies collectivly and seperately are likely to bankrupt this country. He needs to be challenged publicly by an adversarial press not coddled like a school girl. I haven't seen this much fawning since Bamby. This article is pretty much worthless. Just like the majority of things written and broadcast by most media out lets. Like the Jon, Mayer song "When they own the information they can bend it all they want.".

Wall Street Breakfast: Must-Know News

Lets bring unemployment down before the 2010 elections. We don't really care about the jobless people and hurting families out there. It's all about getting Democrats reelected in the fall and maintaining their power base; in order to further an agenda that a clear majority of the folks don't understand or want. All politicians seem to be disingenuous these days but the arrogance of this majority is unparalleled. Our founders warned us to beware the tyranny of the majority . Low and behold they were correct it's here. Thank you Eli well done sir hat tip.

Wall Street Breakfast: Must-Know News

May be we could use the new Google (GOOG) unlocked smart phone to get in touch with some of the morons on Capitol hill. We could point out to them that the policies they are enacting will ensure that they will join the ranks of the unemployed in JAN 2011. The POTUS giving grief to the banksters? I doubt it DG is right it's another photo op to give the image he's doing some thing for John Q Public. Perhaps next Easter we will see Terrible Tim and Helicopter Ben pulling a giant inflated dollar down the street during the parade.

Wall Street Breakfast: Must-Know News

If you think Health care is expensive now just wait until it's free. Historically I can't remember any federal program coming in even close to budget. I'm surprised that so many Democrats were willing to gamble with their seat in the house. Fortunately most Senators are more sensitive to this as they don't have the same degree of political cover as their peers in the house. Lindsay Graham has said out right that this bill is dead on arrival in the Senate. I also agree with Spald that the seniors are likely to exact a high price from members of congress at the ballot box.