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The def theory has it's merits. But don't forget, M3 was going up faster than a combination nanotech, internet search engine and auction site IPO. So we've built up a lot already that need destroying. Is it a lot compared to what we need to delever away? Is it a lot more? Is it only a...

Sacramento, Calif. – California lawmakers just got a Henry Paulson-like ultimatum from state officials: If they don't act, the state could be forced to suspend road, bridge, and other public-works projects as early as next week. Come March, California will be out of cash for even day-to-day...

No way deflation, not unless the fed wants it. Wanna pull out the stops and put an end to deflation? Send a 100 grand "rebate" check to everybody. Hello inflation.

Taking bailouts from the government is a lot like selling your soul to the Devil - it just doesn't end well. http://biz.yahoo.com/ap/081210/congress_autos.html The White House got Congress to drop that clause on Automaker Bailout v1.0, but when the ObamaNation arrives there'll be less...

. . .blah blah blah ROVE! blah blah blah. . . :D

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There'll be some token changes very much along the lines of (say) driving to DC or working for a dollar. And when <A href="http://www.elitetrader.com/vb/showthread.php?s=&postid=2213328#post2213328">Automaker Bailout 2.0</a> gets here in February, the ObamaNation will assume some pensions...

And they're already talking about Automaker Bailout 2.0 in March: http://news.yahoo.com/s/afp/20081209/ts_afp/usautoeconomypolitics

On one hand, Taleb makes the point that basically because everybody is overleverged into debt, the unwinding will cause deflation. But he doesn't mention that one big boy has a massive debt habit that makes every drug addicted junkie turn red with embarrassment. And Uncle Sam also can make...

ROFLMAO! Ooouch! Damn, when ST can call you wrong, you've been seriously pwned!

But it worked so well getting rid of poverty. And drugs.

Government intervention failing? http://news.yahoo.com/s/ap/20081208/ap_on_bi_ge/financial_meltdown

Told ya.

But that's not what is happening. Powerful political forces are lining up to make a bank pay up. They want to exort money from a bank that is not liable. http://news.yahoo.com/s/ap/20081208/ap_on_re_us/workers_takeover Taking bailouts from the government is a lot like selling your soul to...

Not for another 3 or 4 years. :)

So let's see. 21 years old, no track record of success, no college, no experience, no skills who is running a failing "business" that carries a balance using the most expensive credit there is. Legally available, anyway. Banks were so crazed they gave out mortgages that amortizied freaken...

http://news.yahoo.com/s/ap/20081208/ap_on_go_co/congress_autos

"Patient has extraordinary fear and hatred of people with Alzheimers." :D

Check out the rest of the site to make an easy determination like this. Are they doing real research and reporting? Or are they trying to spin to sell some product or service (like bank monitoring)? Are they a professional organization with a great reputation or is it run by two part timers...

And here's a fine example of what happens when Uncle Sam gets a say in your business. A company has to shut down and does not have money to give it's employees the legally required 60 day notice. So the employees seize the plant and demand money from. . . well not from the company since they...