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I like and respect Paul Krugman. I take major exception with his endorsement of even more stimulus and quantitative easing, however. First, it's extremely inefficient. Second, it artificially supports asset prices when deflation will more quickly clear the decks of hobbled assets, by...

I agree with you completely, gnome. An interesting facet about Japan is that the youth there watched what happened during the the last 15 years or so, and they have little interest in equity markets, and for that matter, contrary to what the projections were when the Nikkei was at 40,000...

I really like Meredith Whitney, and do not think her financial call was a byproduct of 'luck.' It was too specific, and she's not exactly a permabear. Also, much of what she was saying two months ago about credit issues and credit card default rates and delinquencies is already coming to...

http://www.bloomberg.com/apps/news?pid=20601109&sid=a1R37H_4tCTw&refer=home Bull Market for Stocks May Hinge on ‘Net Gen-ers’: Chart of Day By David Wilson March 19 (Bloomberg) -- The next bull market in U.S. stocks may be kicked off by Americans who grew up with the Internet...

Rapid Declines in Manufacturing Spread Global Anxiety By NELSON D. SCHWARTZ Published: March 19, 2009 http://www.nytimes.com/2009/03/20/business/worldbusiness/20shrink.html Since it was founded by his great-grandfather in 1880, Carl Martin Welcker’s company in Cologne, Germany, has...

Maybe U.S. taxpayers can file a counter-suit for 'Return of 173 Billion?' A.I.G. Sues U.S. for Return of $306 Million in Tax Payments http://www.nytimes.com/2009/03/20/business/20aig.html?_r=1 By LYNNLEY BROWNING Published: March 19, 2009 While the American International Group...

Pekelo, what exactly is wrong with liquidity preservation? Tell us all if you believe the man who loses nothing or relatively little is not wise for the accomplishment in this brutal environment.

People such as yourself are the ones least worried and stressed. It's the people who've never experienced a significant downturn, watching their 401(k) become a 201(k) or 151(k), their home values dropping by 25% to 50%, and credit becoming scarce (the more they depend on credit the worse)...

Ivan, why did you feel the compulsion to piss on my leg, and then lie to me, telling me it was raining? :p

This happens to be an area that I actually do know a lot about, from % default rates, to prices per square feet on leasing and purchasing, availability and types of financing, and a variety of other technical details... ...well, you didn't expect sunshine and cookies from the likes of me...

I don't think Obama has anything to do with this. It's the doing of Congress, exclusively, I do believe. Republicans in the House were somewhere about 74 for it, and 90-something against it, so even they got swept up in populist fever.

I really am not being sarcastic, but why? Everything Bernanke has said so far has turned out to be wrong. He's been making claims that haven't materialized. He's been wrong far more than he's been correct. In fact, I don't know of a single claim he has made that has actually...

lmao. Just got love Goldman's bullshit. Where's Abby Joseph Cohen when we need her as the ultimate fade?

I wish I would've bought gold. I bought none. Now, I worry that it may be too late, although as a pure hedge against currency deflation, it is probably still a sensible move (i.e. preservation of purchasing power vs strategy to add wealth).

Information is so voluminous, and it's so easy to drown in data that I find it useful to actually write JOBS on a piece of paper, and to constantly remind myself that those 4 letters are 95% of the puzzle.

If he's right, it's breaking news to me. I have not heard another person anywhere claim that Bernanke has intentionally put his hand on the grenade, and intentionally threatened the whole global room with it. More importantly, he's making a SUPER BULLISH LONG CALL on the US DOLLAR. Who...

be honest; did you read and analyze what he wrote? Even partially?

I consider myself very fortunate that I am quite liquid, and never played the long side with anything more than 25% of the house's money, because I took many chips off the table long ago. The longer I wait, the more my money buys. I will be honest and put it out there that I have never...

I have never before posted anything from a 'blog,' I don't believe, but have any of you heard of this guy, Karl Denniger? I believe I have found someone so apparently brilliant, I am humbled to the point of envy. Is my adulation misplaced...

I remember hearing analysts and so called experts say that gasoline, medications, cigarettes, booze and gambling were all 'recession proof.' I have since learned that people have cut back on expenditures on all of the above, and some in a very serious way.