CrisisTheory

Can Next Year Be Better?

this comment is the best indicator yet that we are nowhere near bottom; bear market rallies notwithstanding.

delusional historical optimism that 'it will all be back to normal soon' is still at an unsustainable hight.

when intermediate and long term bears vastly outnumber bulls, then a bottom can begin.

Asset Class Performance during the Bush Years

They speak to nothing less than a repudiation of neo-conservative ideology and worldview.

This is of course distinct from traditional, Ron Paul style conservatism.

The Pivot Point Will Likely Be Election-Based

You will note, of course, that " more regulation, higher taxes, bigger government, less free trade and more unions" were exactly what set the stage for the long post-WWII boom in the united states. Please take a look at aggregate profit, growth and wage rates from 1945-1968 (liberal period of dominance) and compare those with 1980-presetn (period of conservative dominance).

Apparantly socialism for the middle class works a lot better for the WHOLE ECONOMY that the socialism for the rich of conservatives which HOLLOWS OUT the economy through government transfers to the elite.

Corporate welfare, speical tax treatment, government union-busting so the workers never get a fair share of the wealth they were equally responsible for creating.... all this does is manufacture an oversupply & distorted (luxury) supply situation. Too bad some investors are so deluded they act against their OWN INTERESTS by constantly attacking those whose predominant income is from WAGES, who are actually the basis of the whole of the economy, and thus aggregate profit rates.

Who will buy all the products if american workers are back on the true "free market" of 6 day work weeks, child labor, "The Jungle" like working conditions and Chinese (if not Colombian) wage rates !?

Ironically, it is the interventionists from FDR to Bernake/Paulson who save the "goose that laid the golden egg" of capitslism from its ostensible, purist, ideological proponents.

Bank Bailouts vs. Loans: The Myth

Gotta hate all those socialist firefighters, police, soldires, highways, hospitals and schools, too.

So We Find a Bottom - Then What?

Jeeze, I wish we could have more economic results like the right wing governments of the last 30 years have provided!

Where did all that debt come from ? Bankers (S&L to TARP), Military-Industrail comples (KBR, DynCorp, et al.) and tax cuts for the top 1%.

And the largest debts in history.

Socialism for the rich! Thats what Republican adminisration has delivered!

Thursday Outlook: Commodities, Emerging Markets

Gov. intervention caused this ?!

No wonder so many lost so much; this right-wing ideology has blinded them.

In the most deregulated, capital-friendly, banker & finance dominated economy in the history of the world, the system blows up and the problem must be................

too MUCH intervention !!

I'm sure thats just the lesson the Chinese are drawing right now

Moral Hazard: The Real Culprit of the Financial Crisis

HA!

Unfortunately, one of those "bad decisions" bred by living with the "saftey net" of government, civilization, the feared 'collectivist spirit', was the decision to attempt the utopian lunacy of the "free market" to regulate conduct in human society.

This (2nd) great experiment in "market fundamentalism" - the impossible belief that there ever was, is, or could be a "free market" and that such a construct should serve as the highest arbiter in the organization of society - inaugurated by Regan, Thatcher (and Deng), has collapsed of its own contradictions.

Just as the 1st great wave of market fundamentalist liberalization ended with the implosion of the international system, world wars and depression- leading the great economist Karl Polanyi to declare that humanity had forever learned the error of the utopian idea of the "free market"- so do some now claim that we have learned our lesson.

Yet the author is proof; for beleivers in the creed, only a more pure imposition of the system could have avoided the crisis; the madness of Austrians.

Profit cannot be the supreme value in social organization; governments that attempt to implant systems based on this premise merely sow the seeds of disaster.

Wall Street Breakfast: Must-Know News

you right wingers are such morons. good thing the world and now america completely reject your backwards and objectively failed philosophy.

conservatism was always racist. now it is dead. good riddance.

The Beginning of the Endgame for Monetary Policy, Redux

Hmmm.... look where that debt chart takes off. The dawn of the "Reagan Revolution."

Crony capitalism that makes profit by squeezing the majority and workers is seeing its twilight.

It produced little of value beyond financial bubbles and crises and the world is now abandoning the failed neoliberal ideology of "market fundamentalism" or the cronies get rich and everyone else is left holding the bag-- especially the taxpayers and fixed-income folks!!

Global Coordinated Rate Cut: Nice Try, but the Party Is Over

Everyone knows the stock market does better under democrats. And that these insane right-wing ideologues caused this disaster. Is it a coincidence that the last two military/tax cuts for the rich binge Republican administrations [Bush and the sanctified Reagan] left us with CRUSHING debts, deficits and a pauperized economy by raiding the social benefits of the majority and sucking the blood out of our economy to funnel to their cronies in the military-industrial complex and the government-banking system.

Free market indeed! Thugs who bankrupt the country, steal our money, give it to already rich cronies (Rumsfeld, Cheney) not real entrepenuers. Not to mention make us hated all over the world by killing innocent third world children to generate MORE money for the same cronies even as the debts eat out or real ecnomy.

Roubini Was Right

Broken clock is right twice a day.

Guess what? Its high noon.

Real Price of Gold Soars

Not to be too dramatic, but cannot the two (hyperinflation & falling real prices) happen simultaneously?

Did not this very scenario unfold in Weimar Germany? A real depression combined with massive monetary debasement?

Too Soon to Move From Equities to Gold

Couldn't the 'safe haven' trade hold gold prices steady or range-bound while the inflation [expectations] work their way into the system?