closedbooks

The Financial Crisis Is Escalating Out of Control

Mr Rose, re: your reply about shell casings. The Defense Department reversed itself & scapped its new policy of destroying brass casings.

Obama's Stimulus Package is Morphing Into a Monster

I like to call myself frugal - my wife says stingy - and I hoped to be long gone before the bills from a half century of liberal idiocy came due. But now that I'm on a fixed income, it doesn't look like I'm going to make it. This ponzi scheme house of cards - taking wealth from future generations is collapsing and no amount of stimulus will put the egg back together. One rainbow: better to face this crisis while we are still a great nation and not 50 years from now. End of Rant.

AIG: Time to Put Away the Pitchfork and Focus on the Real Problems

AIG bonuses may be among the more venial of Wall Street's sins but as an easy focus they might serve as a symbol as important to our future as the British tax on tea was important to the American Revolution.

Who Might Benefit From Detroit's Failings

Chevy makes a wonderful full sized pick up that beats Toyota in every way. I will buy another but with only 75,000 miles I expect another 75,000 trouble free miles. If your US vehicle is always breaking down, try changing the oil once or twice. My wife has a Toyota but as a normal size American male I break my back to crawl inside.

You Can Spend Your Way Out of a Recession

Disingenuous? The government might also create a higher average income by giving every citizen a check for $50,000. Hayak speaks of his last meeting with Keynes and assures that Keynes wouldn't approve of the the Keynesianism that came to dominate.

U.S. Economy: Spending and Phantom Financing Will Only Lead to Ruin

The Pacific "Cargo Cults" had a better chance of accomplishing their goal then these "Tulip Frenzy Rescues".

Madoff Case: The World's Biggest Ever Heist

The above comments say it all.

How Will Temporary Decline in Oil Prices Impact Energy Sector?

Pie in the sky dreams and wishes from joggers and those who wear helmets when riding their bicycles while hauling their children in carriages down the middle of the road. These new cars are decades away without government fiat.

Calculating a Housing Bottom: Volume vs. Price

Interesting

Jobs Losses: The Over/Under

Thank goodness the market will go up with bad news - laugh, laugh, laugh

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

Bailouts & rescue plans are destined to fail unless congress and the country take off their rose colored glasses. There are deep problems within an economy overloaded to the sinking point with debt. Yes, the market will begin to sky-rocket. In fact, as the value of the dollar approaches zero, the market will double and triple itself every day.

The U.S. Economy Is Still on Life Support

So True! Basic issues have not been faced. Every 50th year in the Torah was a Year of Jubilee when all debts were forgiven. What must have been the growing economic turmoil as that 50th year approached or what was the value of a debt in the 49th year? We are seeing in the USA that approaching day of reckoning where the economic burdens of the past must come due. It will be a Year of Jubilee because today's debt will be excused by payment through hyperinflation or bankruptcy. America could live through the bankruptcy of Wall Street but the bankruptcy of the U.S. will bring Wall Street down as well.

Where We Go from Here: Best and Worst Cases

Mr. Hui's reference to the German reunification was interesting: but unfortunately, the America of 2008 is not the USA of 1990. In every way, this country has become less like West and more like pre 1990 East Germany - a nation of diminishing freedoms and more a nation of feel-good slogans and ever growing fear to speak out. We are funding our aging, everyone wins, no child left behind, shopping mall civilization by placing an impossible burden on our children. How will our nation's debt be absorbed? Bankruptcy? Hyperinflation?

This Wall Street crisis will pass without too much disruption but one day our country's PSDs (Ponzi Scheme Derivitives) will come due - then, when the music stops there will be more than a few people without a chair to sit in.

Is the DJIA Heading Towards Zero?

Can't the Dow add and subtract companies (e.g. Kraft for AIG) and keep things looking good?

Have We Learned Anything Yet?

The rapidly expanding debt of the U.S. can never be repaid except in the equivilent of Zimbabwe dollars. We all know this but continue to cash in and leave the future bill for others. "The emperor has no clothes". When that can no longer be denied, it will be a time, not just of recession, but of chaos. What to invest in? Food, guns, razor wire, lorazapam?