damonmcallister

Not the Great Depression 2.0

The methods utilized to extrapolate the current GDP numbers also bear no resemblance to the ones employed during the dust bowl era either.

Goldman and Morgan Stanley: Banks of Choice - Barron's

Two words: SIV's and derivatives

ok - one word and an acronym

Marc Faber on the Economy, Gold, WWIII

Faber’s prowess in dealing with economic trends coupled with his ability to feel out the geopolitical ramifications which act upon the markets makes him one of the most respected investors today. Always good to get his two cents.

The New World Order of Markets

Great article.

Even small investor participation is falling through the floor with their remaining reserves being parked in M1.

Great Depression 2.0: Acceptance is Spreading

I think that further connecting of the dots needs to occur. A context of the situation at hand can be better grasped with a brief look at history. Hoover and Roosevelt injected huge sums into the economy, participated in price fixing and wage fixing with no real success. Neither president ever saw unemployment below 13%. A cataclysmic event of global proportions (WWII) had to occur where the manufacturing base of every major nation was effectively destroyed before the US pulled through the Great Depression. In conjunction with the US being a net saver at the time and policies implemented which limited the Feds ability to debase really puts into context the lasting effects of the Feds mismanagement of the roaring '20's. Now the gloves are off. There is no limited to the amount of debasement that can happen, the manufacturing infrastructure is gone, and the US has not been a bet saver in over a decade.

This is a whole new ballgame. Batters up.

7 Analyst Takes: Where We Are Now

Cured: to relieve or rid of something detrimental, as an illness or a bad habit.
The program may have been spearheaded by the WHO, but the vaccine was being produced by pharmaceuticals.

7 Analyst Takes: Where We Are Now

1. For the last 50 years every president has touted tax cuts. The truth is that aggregate taxes have never decreased.
2. US steel has been bust for 20 years, the only reason they exist is because of taxpayer handouts. I visited a modern steel plant in S. Korea a few years back and it puts every plant in the US to shame.
3. The real sad part about the US rail system is that we have lost almost 90% of our laid track, and the infrastructure is just a shell of its former self.
4. We still manufacture in the US? I thought taxes and regulation took care of that sector.
5. At least they are closer, and more in tune with the Asian consumer base.
6. I’m always glad to see antiquated technologies being pushed out of the market. Squeezing every cent out of a product only impedes progress.
7. I’ve never understood why anyone would want to buy a company that never succeeds. The last thing pharmaceuticals cured was small pox.

How Congress Can Solve the Recession, Outsourcing and Social Security

Here's an idea, lets cut the Federal budget (an economic lead weight) to 1910 levels (in remembrance of Mark Twain).

Asia's Export Economies: A Failed Model?

The current ideology based on the antiquated ideals of import/export (goods/services) economies has official came to an end. This idea of exponential growth that is fixated within the constraints of a finite world has been kicked around for far too long and we (globally) have hit the wall (vertical ascent of the curve.) Estimates of dwindling resources pertaining to all commodities have been touted by creditable sources for years. At our current pace almost all viably extractable resources would be above ground within the next two decades. The future models need to be based upon sustainability, with economic growth more aligned with informational resources then natural resources.

The Law of Unintended Consequences: 20th Century and Beyond

Gonebroke: Leeb??? Are you serious? This guy is a shill that floats every opinion published by Barrons. His thought process is about as deep as the pint of beer I'm sipping.

As for action there are no easy fixes, but a return to community based education would establish a concrete foundation to build upon. I don't have to, but feel compelled to, reassure everyone that are state funded educational system in its current form is inadequate at best. The high school graduation rate is less than 50% (national average), and the children that do cut the mustard still rank far below even 2nd tier nations. I read an article yesterday that stated metro Indianapolis has a 16% graduation rate! Unbelievable. What a waste of $13,000 per child per year. Ignorance is a blindfold for the masses.