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The gentleman has a point. No one here can deny that there was a ton of irresponsibility on the part of those taking out loans and such. There was strong demand for what he may have been supplying. Query: If we know that we are perpetuating financial destruction (or planting the seeds...

People such as myself have to offer up intellectually fulfilling 'meat and potatoes' to counter the marshmallow fluff of the likes of stck_trd3r and his flyweight ilk.

How do you know what my favorite movies are? It's uncanny.

You're looking at what they've shut down so far. Did you read the article? If you had, you'd see that by the projections of those inside these figures. "Problem Banks The FDIC classified 171 banks as “problem” in the third quarter, a 46 percent jump from the second, and said...

You have no clue. That's not my opinion or an insult, but a fact. There is no politicization of the genesis of the problem by Frontline. Watch and see. If I'm wrong, I'll buy you a bag of rippers or sliders. (The meltdown was as much the dems fault as the repubs - easy credit, no doc...

Anyone stupid enough to have bought into your index who now lost 87% of their money: "Boo Hoo."

Thanks for the reminder!!! Everyone needs to watch this program tomorrow night. I heard it is the bomb diggity.

Josh, you get 'it,' obviously. Whether Krugman is right or wrong (and as you've said, we won't know until after the fact, and even Krugman's prognosis is not an 'end of the world' scenario), he's competent, uses real data, and is worth listening to. Listening to him doesn't mean agreeing...

I honestly take no offense at that. I'm not a 'CTer,' and if my posts would make someone want to 'jump off a cliff,' either I'm incredibly compelling in presenting my very pessimistic expectations for the economy, or that person is highly impressionable. I don't think I'm that compelling...

I have never lived in Asia, but am I wrong in my assumption that the Japanese pay more as a % of their income for food than we do, and in large part because of incredibly high fish prices, which is the main protein component in their diet?

You'd prefer the constant, low hum, empty chatter of the masses? Many articles contain fantastic information. We are experiencing an acute crisis. Saying 'things are terrible' and moving on isn't quite intellectual. I've noticed that many people don't want to open their eyes or...

http://www.nytimes.com/2009/02/16/opinion/16krugman.html?_r=1 Decade at Bernie’s By PAUL KRUGMAN Published: February 15, 2009 By now everyone knows the sad tale of Bernard Madoff’s duped investors. They looked at their statements and thought they were rich. But then, one day, they...

...Major firms gearing up for 'Flood of Corporate Defaults...' http://www.bloomberg.com/apps/news?pid=20601109&sid=avdSM3l3EK9c&refer=home White & Case Joins Laracy Gall for Insolvency ‘Storm’ (Update1) Email | Print | A A A By Douglas Wong Feb. 16 (Bloomberg) -- White & Case...

Same here. I'm looking at all this shit I can buy cheaply - not just shit in the form of toys like boats and nice cars - but assets that I would have normally jumped on - and I'm asking myself "why?" and "why now?" 'Why now?' is the more scary tell, IMO. That says I expect deflation to...

I have a bad feeling, supported by what I am reading just tonight, that this call will be vindicated this week. This week is likely to be the post-St. Valentine's Day massacre. Closed markets on Monday in the U.S. will ironically exacerbate the bloodletting.

Guys , bear with me. WTF is going on? This has to be a hoax, right?

Excellent, excellent post. The world is awash in production, goods and services. Labor is the most abundant commodity. Conspicuous consumption ran rampant in the U.S. for the last decade. This is why we're seeing the type of consequences we are - it's just beginning - with this new...

I'm not going to apologize to you or anyone else for being a realist. I'm not a pessimist. I'm a realist. You want bullish data? Sorry, I don't have any sourced. Am I biased? I don't know...maybe. Do you have bullish data? I'm all ears, if you do. I am looking at things in as...

Guys, check it out - I linked the article here about 4 days ago - Chinese exports dropped 17% in the last Q and their imports dropped 41%. Now Japan has serious contraction. We're seeing major red flags here between contraction and consumption and production. The worldwide unemployment...

I think Donald Trump or one of his minions is following me around and rating every thread I start one star. :cool: