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    This is what you call easy money

    Roman Candle is stock_trd3r. We have our contrarian back. Whew. I was getting worried.
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    Please Allow Us To Have Avatars. Here Would Be Mine Given The Times.

    ET Needs to get with the times and let us express our individuality in these times of corporate collectivism. "My country, my country...my country for Goldman Sachs and JP Morgan." Who knew Obama's welfare state would tilt towards the most well-off financial masters of the universe...
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    Retailer´s April sales numbers

    CNBC only reports same store sales that are better than expected. I'm serious. I caught a glimpse of Kernin and that motley crew this morning and they were blushing about Wal-Mart's sales (and yes, isn't it odd that Wal-Mart won't report sales data monthly anymore. I wonder why?).
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    Socialism: Bank Of England Shows Us How The Fed & Treasury...

    Will attempt to prop up failed markets with your tax dollars... ...for how long they'll be able to do so is anyone's guess. The PPT is very real, and has gone global. Your new retirement plan is being handled by the Federal Reserve and Treasury, but its benefits are intended to be...
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    Taleb Says Current Crisis `Vastly Worse' Than 1930s; Gold, Copper to Surge

    Excellent post. The growing interdependency of economies will exacerbate this profound downturn as exporting intense countries that are thought to be savers, such as China, will also be hammered with a drop in demand for their products by debtor-consumer nations, and China's "massive savings"...
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    Taleb Says Current Crisis `Vastly Worse' Than 1930s; Gold, Copper to Surge

    Thanks for finding the article once it was released ARGT. Does anyone know how much of the world inventory of copper China consumes as a %?
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    Rich Americans Default on Luxury Homes as Losses Emulate Subprime Victims

    Rich Americans Default on Luxury Homes as Losses Emulate Subprime Victims http://www.bloomberg.com/apps/news?pid=20603037&sid=a5750zUcnEEs&refer=home By Bob Ivry and Dan Levy May 6 (Bloomberg) -- Chuck Dayton put down a quarter of the $950,000 purchase price when he bought his...
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    Almost a Quarter of U.S. Homeowners Are Underwater (Update1)

    http://www.bloomberg.com/apps/news?pid=20603037&sid=aQb4ns2nRBUE&refer=home Almost a Quarter of U.S. Homeowners Are Underwater (Update1) By Daniel Taub May 6 (Bloomberg) -- A growing number of U.S. homeowners owe more than their properties are worth after prices extended their two-year...
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    Taleb Says Current Crisis `Vastly Worse' Than 1930s; Gold, Copper to Surge

    http://www.bloomberg.com/apps/news?pid=20601087&sid=axyo1pG9j0ws&refer=homehttp://www.bloomberg.com/apps/news?pid=20601087&sid=axyo1pG9j0ws&refer=home Global Crisis ‘Vastly Worse’ Than 1930s, Taleb Says (Update1) Share | Email | Print | A A A By Shiyin Chen STORY TO FOLLOW. Last...
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    The Recession Is Over

    The person with the highest know IQ in the United States (and maybe world) works as a bouncer at a Boston area bar. IQ of 190 to 210, depending on the exact test. Chris Langan. <object width="425" height="344"><param name="movie"...
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    Fiat, The Company That Aspires to Take Toyota Out, Is Worth Net 5.5 Billion

    Fiat Motors Is Worth Only $5.5b By Edward Niedermeyer May 6, 2009 Considerare l’aritmetica, asks Rob Cox at breakingviews.com. Sure, the Chrysler freebee deal has sent Fiat stock soaring, but if you strip away the non-auto components of the Fiat group and factor in the firm’s $8b in...
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    Stress Test Leak: BAC Needs $34 Billion In Capital

    Blah, bleh. Even Pabst agrees with me that Obamanomics can't save us from the shit storm that's coming (rather, Obamanomics will exacerbate the shitstorm). Like I repeatedly said, if you're that rarest of species, a consistently profitable trader, you'll know when to duck, roll and run for...
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    Stress Test Leak: BAC Needs $34 Billion In Capital

    I've never said this is 'a depression the likes of which we've never seen.' I've said it's bad and going to get much worse. And your ebullience is based on the move up from the March 09 lows, and a rally today in commodities and metals? You need to seriously temper your Kudlow-esque...
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    Stress Test Leak: BAC Needs $34 Billion In Capital

    Yesterday business models? LMAO!!! You sound JUST like some top government officials when they're addressing Congress. ...no mention of jobs, wages, etc. It's the 'new economy,' and it's going to be a beautiful, green one, with windmills and solar cells, and people taking two hour...
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    2006 Maybach 57S w/36k miles: Was $385k new; Yours for $169k, Or Less!

    Bugatti Veyron is the new 'I have arrived, and I have a large cock,' vehicle of choice.
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    Stress Test Leak: BAC Needs $34 Billion In Capital

    I am not a trader. Despite the contrary statistics I read about regarding the % of daytraders who are consistently profitable, my own anectdotal experience is that I do not know one trader who has not puked as much and typically more than he has gorged, and on top of that, he has to deal with...
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    Stress Test Leak: BAC Needs $34 Billion In Capital

    I don't trust ADP as far as I can throw it, and you shouldn't either. I've said this whether they've had benign or dramatic (bearish or bullish) reports in the past, every time. This is shaping up to be a very dynamic week. Look for surprises around every corner today, tomorrow and...
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    Dick Bove Has PMS Meltdown About Cap Raise Requirements & Stress Test of Banks

    Dick may be right, though. Hey, here's a question for everyone who is interested in economics. They keep subjecting us to the term 'recovery.' What, precisely, will America look like fundamentally, and how will it be different, when we do reach the holy pinnacle of 'recovery' in this...
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    Stress Test Leak: BAC Needs $34 Billion In Capital

    Jobs and wages, mainly. If people don't have jobs, they can't buy shit if it's offered at 0% financing for 10 years, same as cash. If people see their wages and benefits slashed dramatically, and are worried about keeping their jobs, they buy used Hyundai Excels, and no more shiny new BMW...
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    2006 Maybach 57S w/36k miles: Was $385k new; Yours for $169k, Or Less!

    The higher end the car, the better the deal at wholesale auction right now. This statement comes directly from the mouth of someone whom I know from past business who has the largest towing company in the area, and regularly deals with auction/repossessed vehicles.
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