closedbooks

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.

Paulson and Bernanke: A Conspiracy of Dunces

Dunces? How can they be dunces when they have been right on everything they have said for the past year. Haven't they? Besides, this crisis just snuck up on the world last week. I am ashamed of my selfish generation and the burdens we have laid on the future. Another $700B? What does it matter when someone else will pay for it.

The Main Street - Wall Street Bout, Round Two

Kathy Lien: Your arguments with numbers avoid an aspect rarely spoken of: the Soul of America. Now that investing is passe and betting on the future with borrowed money the norm, Wall Street has become the biggest casino, where bad numbers can drive up the market in expectations of lower interest rates or other government largess. The passage of this bill reinforces the perception of corrupt government, especially among the generation that must pay for our excess. The selfishness of our generation is beyond contempt as I watch the rich crying in despair, "My portfolio, my portfolio! ". Or maybe its another cry that I'm beginning to hear, "Babylon the Great has fallen".