snagglesnarf

Don't Tell Congress What Comes After a Trillion

Our current debt pales in comparison to the tens of trillions of social security, medicare, medicaid (and possibly national healthcare system) obligations that come due in the next twenty years.

Looks Like a 'V' to Me

This is nothing but a bubble and the reason we have bubbles is because there is too much wealth chasing too few investments.
Recessions/Depressions occur, in part, to destroy wealth and get the markets back to a more rational plane. Go ahead, Mr Chan, and throw all you got into this market and see what happens.

Robust Asia, Weak U.S., Even Weaker Europe

Every economy on your list is being propped up by heavy government stimulus. Remove the trillions of artificial money and the numbers on those charts drop precipitously.

The Recession Is Over

A lot of manufacturing is being propelled by the artificial money from the stimulus. You cannot call an end to this recession until the training wheels are taken away.

Is the California Budget Crisis Really Over?

It's the social programs that are killing California. Up until about thirty years ago, we didn't have most of the programs we have now and we did just fine. Half of all school kids get free lunches. Are we really that poor? If you give something away for free, people will find a way to qualify for it.

California Comes to a Cowardly Compromise

The big problem here in California is the unrealistic budget projection which is far too high. I guarantee you in a few months, if not in a few weeks, the budget director will announce that because revenues are lower than expected, the defecit will be even bigger. This budget will not make it to the new year.

Winter's Coming for the Boomers: Part 1

What a load of egghead crap. (part 1)

Is a Higher Savings Rate Good or Bad for Markets?

The current downturn in debt is not an increase in savings. It is simply people deleveraging by paying off their excessive debts. Very little of this money is going into the banks or markets as savings.

Roubini Just Won't Turn Positive on the Economy

I am amused at how much faith people put in Mr Roubini and his estimates. Yes, he did warn us of this economic downturn but just because a doctor can diagnose a cancer does not mean he can cure it. Mr Roubini is as clueless as the rest of us in trying predict what the economy will do in the months and years ahead.

The Truth About Unemployment Numbers

I have never trusted the unemployment numbers. They are being compiled by the very administration that will benefit or suffer from the results. It is a conflict of interest.

Debt, Debt, and More Debt in Store for the U.S.

Fire up the Soylent Green trucks!!!!

The Leading Cause of Personal Bankruptcy

40% of Americans uninsured? Where did you get that number, from Michael Moore? About 17% of the population has no health care and this number includes millions of illegals. About 1/3 of the 17% are men and women between the ages of 18 and 30 whose policy costs average a miniscule $150 a month. We are not Canada or the United Kingdom. The reality is that a majority of Americans prefer the health coverage they have and in the U.S. the majority rules.