uss?

California: Trailblazing the Road to Insolvency for the Rest of Us?

Cali, USA not Colombia could decriminalize most drugs and use former inmates to staff production and distribution. This move raises revenue for the state, cuts correctional facility costs and gives to jobs to a potential criminal element. Legalization could also reduce source of drug wars in Mexico and California.

S&P 500 Priced in Gold

yeah isn't it the dow gold ratio that goes to 1 over time. The SPX is about 10% of the Dow.


On Nov 04 04:52 PM doubleguns wrote:

> I am waiting for the dow to be priced equal to gold.

S&P 500 Priced in Gold

yeah isn't it the dow gold ratio that goes to 1 over time. The SPX is about 10% of the Dow.


On Nov 04 04:52 PM doubleguns wrote:

> I am waiting for the dow to be priced equal to gold.

Chicago Skyscraper Construction: No Credit Crunch Here

Don't you know a depression when you see one.

Wait until you see the full effects of the commercial real estate collapse unfolding before your very eyes. Ask Chicago based General Growth how easy credit is. Oh that's right they are in default and can't roll over their debt. CMBS rollovers? Ask Deutsche Banc analyst how much CMBS can't roll because of fundamentals-50% conservatively? Nuts.

How are you a professor at UChicago?
Will UofC give me a partial refund every time one of their professors makes an asinine observation?

Europe's Lack of Economic Understanding

why not keep real interest rates positive to reward savers? why subsidize debt and negative NPV projects? financing is already nearly impossible to get. why punish savers for someone else's imprudence?

JPMorgan: New Day, New Bank, Same Story

Do you notice a similar pattern at GS and C, notwithstanding GS throwing out December losses?

Think B.I.G. Market Outlook 2009 Survey

it would be helpful to see standard deviations on the forecast. very interesting survey. thx.

The People's National Bank?

You misconstrue this problem as a liquidity/lending crisis when in fact it is a solvency crisis. The U.S. banking system is insolvent with massive fraud occurring on the balance sheets of the major banking institutions. The Federal Reserve is now the central threat to American democracy because it is acting acting outside of the law and perpetuating fraud on a truly massive scale.

Until policy recognizes that the bust is the recovery, the U.S. will be mired in this mess. Cleanse the balance sheets, fire incompetent managers, reform policies to level playing field for manufacturers, reward savers, and punish the imprudent. Create sound money backed by tangible assets while you are at it. Insure depositors and leave risk takers to their just desserts.

Getting the banks lending again is the least of our problems.