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  • Suffering From An Inability To Connect The Dots [View article]
    We are still the prettiest girl at the ugly girl's dance. Thank goodness for China's bankroll and Europe's Socialist ineptitude. What do we do when China stops buying our securities? How about when the German's won't finance the Greeks? We should get with China and backstop the world. Right? We could form an alliance and divide the world in two. If they won't agree to such an alliance, we'll close all the Walmarts. Sorry, this is hilarious. A whole commentary on definitions. I would argue we are well on our way to achievement of about 75% of the objectives needed to topple our currency. What degree of malfeasance, unhappiness, non-productivity, corruptness will it take to finish us off?
    Dec 1 12:57 PM | Likes Like |Link to Comment
  • Political Upheaval Is Europe's Primary Economic Risk [View article]
    Yes, it sounds like our side of the pond, but the people I've seen work hard in our system are not the people in the overly financialized paper money industry that keep complaining, that there stock prices aren't high enough. They are the people in the real world that work and work and work to keep two forms of social welfare rolling, one to the rich and one to the poor. These poor bastards are about 10% of the population. The rich and the poor have, remarkably similar personality traits, and characteristics. There are very few real conservative, industrious, hard working people, who maintain this system and that is a huge problem!!!!! End of story. End of system. You can't fix that, and no, that's not the glory of capitalism. That is the end of capitalism.
    Jul 5 01:28 PM | Likes Like |Link to Comment
  • Have Oil and Gasoline Peaked? [View article]
    In other words, Wall Street has to suffer disinflation, commodity prices substantially reduced, in order for main street to finally be able to mount any kind of sustainable comeback. Most people on main street believe Wall Street lives in fantasy land. It's a long way to reality for you. I just sold a piece of property in Florida for about 1/2 price. My point of view is, if I buy something with my cash, I want it for 1/2 price. There are no buyers! I guess if Bernanke didn't inflate the economy now, we could do it later. The whole thing looks terribly disgusting. We are prolonging the inevitable. This is going to be one slow recovery, more likely one long road to the third world for America.
    Jun 4 08:33 PM | 1 Like Like |Link to Comment
  • Mortgage Defaults as a Stealth Stimulus [View article]
    Doesn't this argue that they actually have the mortgage payment to spend, they just spend it on whatever, instead of mortgage. Maybe a few, but most just don't have the money. It's jobs, jobs, jobs. How convenient for everyone on Wall St. to just assume they really have the money, we just need to squeeze it out of them. That stupid argument is how we arrived here in the first place. Rent, car payment, food, gas, electric, clothing, insurance, utilities etc. is about double the average wage. People have been paying for food with a credit card for 20 years.Move a few more industries to Asia. The heartland of this country looks like a homeless shelter, but we will, all be ok as long as you bankers can go out and buy another yacht. That's the great trickle down economic theory. Can you see the freight train coming? Half of this country is starving with you crying for a tax break. By the way, where are those jobs from the tax cut extension? What country will you bacteria infect next?
    Mar 30 12:17 PM | 3 Likes Like |Link to Comment
  • Is This Your Average Secular Bear? [View article]
    Both the 1940-1949 period and the 1972-1982 period are flawed as comparisons. Worls War II may have something to do with the first comparison and Nixon's removing us from the gold standard and subsequent tripling of oil prices may have something to do with the second.
    Jan 6 09:32 AM | 1 Like Like |Link to Comment
  • Foreclosures: Did Wall Street Shaft Main Street? [View article]
    The banks needed to lose. They didn't. They were pretty much made whole, actually better than whole, for the time being. Ask anyone with personal knowledge (mortgage brokers, homeowners that took out loans, appraisers etc.) if the banks were acting in good faith. What a joke. Now, this whole mess is set to come down. People can't move for any reason without selling 50% below replacement cost. The banks lending standards didn't revert to the 80's. They reverted to the 40"s. They can set on that money forever, maybe use it for firewood.
    Oct 15 11:54 AM | Likes Like |Link to Comment
  • Is the Dow Really Repeating the Great Depression Pattern? [View article]
    It's an inverted head and shoulders pattern over a longer time frame. Looks like we are going straight up from here.
    Jul 20 08:25 AM | Likes Like |Link to Comment
  • So Much for the Housing Recovery [View article]
    Have to get rid of all these excess homes. Probably better to bulldoze them. Do we really need all these national builders constructing thiousands of homes? Didn't use to be that way. Where did all these companies come from? Without them, we would solve a lot of problems. Illegal immigration (construction workers), thousands of houses built in terrible locations, poorly constructed homes, bad (sub-prime) ha, ha, loans originated in developers office. Housing construction, or should I say, good quality house building, was never meant for an assembly line or cookie cutter conveyor belt.
    Jun 19 04:32 PM | 8 Likes Like |Link to Comment
  • Who Cares if Goldman Sachs Bet Against the U.S. Housing Market? [View article]
    I don't care if they bet against the U.S. housing market. I do care if they create, and or sell, toxic assets (AAA rated) and then represent them as something else to investors, while they short them until they blow up. That is without a doubt the gist of the SEC's charges against them. If I buy a used car and it quits running, fine, but not a used car represented as a new car. That's pretty simple, isn't it? There's a lot of fraud involved in all of this, obviously, and it isn't about shorting anything.
    Apr 29 08:12 AM | Likes Like |Link to Comment