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.

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!

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.