lonie

The Bailouts Are Doomed - All of Them

Superb article. Us not forget that Phil ' americans are whiners ' Gramm had a lot to do with the situation we are in today. Sorry SOB.

Is America on a Downward Slope?

Quinn ; the truth should hurt ,but i fear the people mentioned in the article don't fear the truth so it won't bother them in the least but i just about pop a fuse because i know you have told the truth. Time has proven it.
I am forwarding this to all friends and some foes.

Paulson's Poker Face: A Bluff by Going All In

This finance situation reminds me of living in Kunming,China in the wild wooly growth days before traffic controls.
Fender bender at intersection, 500 people gang around pointing fingers and yelling ,i know who was at fault . Police come,get out of here, clear the intersection and clean up this mess and get traffic flowing again ,we will figure out who the culprit at fault was later.
Here on Seeking Alpha is similar to a fender bender in Kunming.
By a philisopher ,who i do not know :
" So the thousands of men of America disputed loud and long. Each in his own opinion , exceedingly stiff and strong. Though each was partly in the right , and all were in the wrong."

Paulson's Poker Face: A Bluff by Going All In

Jefferson:

Good article,i mostly agree with you . Now is not the time to quibble .
I don't think most people understand monetary affairs and are leary of what we have . Credit is money,money is debt needs to be changed or at least controlled better. Now is not the time to build a new system. Get this one back to working for now and when the good times arrive again ,if ever, then start making purposeful changes slowly that don't wreck the financial system again.
What we have now has operated fairly well and we don't want to plunge headlong into another system that is mostly unproven.
Most blame this on the housing situation but the root cause is the cost of energy. The way America is set up it is almost more important to have a car than a house. No car, no job ,no eat , no house . The choice was made, i keep the car, job and eat, hell with the house.
Yes, people were over extended in overpriced home and other items.
That is a failure of our education system. It spent 8 years trying to teach me fractions many years ago and not one damned thing about finances ,i had to teach myself.
The money centers are also at fault for ever extending so much credit . In past 15 years i have probably received 300 sign here you are pre approved for credit. Buy a house , "dollar down and dollar when we catch you " . The scheme finally imploded.

The Calm Before the Storm?

Blue collar guy :
I am also a blue collar guy . Twenty five years as mechanic in aluminum mills and steel workers union.
I am not smart , just smart enough to know that i wouldn't want to be president even if i were Jesus Christ .
The country is going commie anyway ,so what we need is an Uncle Joe Stalin to lop a few heads and send a few to Point Barrow , Alaska as slave laborers.

The Calm Before the Storm?

Politics. The Jackasses and Elephants have to bray ,snort and kick the stalls a bit and try to manuver to a position that makes them look good no matter what the outcome. Much Obfuscation , so that in the end no one knows what in hell happened.
I have no doubts the bailout will occur because politicians love to piss away money but i have no idea whether it will succeed or fail.
I am in Thailand . I watched about 2 minutes of McCain and Obama debating on Bloomberg . Disgusting just to think one will be the next President, turned it off.

Water in the Blood, Not Blood in the Water

Where do you propose to find anyone coherent at the moment ? Would be nice if what you propose happened and you are correct. Not all assets are trash and being defaulted.
This is what happens when Government edict tries to make all people equal .

The 'Sage of the Dow' is Also Confused

Good show Babak;
I like people that expose ( bullshitters ) . Thanks !

Is the Market Going Up From Here?

Edward; i think you are correct and it seems to me that the stock market has risen and fallen in general with war and the price of and availability of energy.
I think the economy will be precarious until this energy thing is corrected,whether fossil, sun,wind ,nuclear ,buffalo or whatever comes to the forefront.
In an energy crunch i don't think even war would boost the economy . evidently the one now has made it worse.
Putting a finance and energy crisis together spells trouble , big trouble.
A coherent government policy on both would help tremendously.

The Dead Cat Returns to Earth

Summers is correct and if the rest of you were so damned smart you would be , healthy and wealthy by 37 like Rogers . Probably best to listen to a person that has done it instead of talk about it.

And as far as herd mentality , the professionals are the herd.

Ten Bear Market Phases, Current Edition

Mish , good article . Most all for a year have been mostly correct .

I am one of the innocents that pay thru taxes at a 20 to 25 % rate for all the malarky going on . When the SOBs finally get all my money , then the bastards can take care of me also as by that time i will need teeth, health care and some chow and a place to sleep.
Sounds as though half the comments are straight out of Marx socialism hand book .

I think the next proper event would be ,for people such as i , to march on Washington and Wall Street with buckets of tar and bags of feathers and put them to good use.