Markets Aren't as Benign as They Look [View article]
good article, however the only thing I want from bankers is that they pay me a decent interest on my deposits and in turn lend it out at a reasonable rate. All else in the banks and the rest of the financial system is little more than a crap shoot. The shoot of course makes a few people very rich and the screws the rest of us as well as the nation as a whole. It will never change until such time as the banking execs, and brokers are brought under control.
No One Saw This Economic Crisis Coming? [View article]
It is not a matter that no one saw it coming, it is the fact that no one wanted to deflate the bubble while Wall Street and the Banks were cleaning out our pockets. In 06 and 07 everyone was feeding the bubble the banks, wall street, the media all the talking heads on TV. It is the same pattern which repeats itself each time the economy goes down the drain.
The galling thing is that many of the jokers who brought us to where we are are still at and those who have left took their millions in bonuses for the work they did to destroy our nations economic fabric. A pox on all of them.
Open Letter to Quant Funds: Now's the Time to Help Maintain Orderly Markets [View article]
Send all the quants back to the universities and retrain them to become electricians and mechanics. We have more need of trained technicians than we do of manipulating mathematics to discover micro differences in the markets. At the least take the quants to the woodshed and give them a good going over, they deserve it.
A plague on all their house's. Greed more greed is what the (investors ?) had is mind. However, it is very important to discover all the other players who participate in the scheme. Who will go to jail?
Highlights From Fortune Magazine's 'Crisis Counsel' [View article]
Mr. Market as a mind of its own. It makes no difference what computer models or highly paid MBA's, TV pundets or Corporate bigwigs say, when the market decides that greed and stupidity has gone over the top it takes revenge.
Markets Aren't as Benign as They Look [View article]
No One Saw This Economic Crisis Coming? [View article]
The galling thing is that many of the jokers who brought us to where we are are still at and those who have left took their millions in bonuses for the work they did to destroy our nations economic fabric. A pox on all of them.
Warren Buffett Doesn't See Any Green Shoots [View article]
Open Letter to Quant Funds: Now's the Time to Help Maintain Orderly Markets [View article]
Where Is Madoff's $50 Billion? [View article]
Highlights From Fortune Magazine's 'Crisis Counsel' [View article]
A happy small investor.