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This is incorrect, broad money supply measures are being wiped out ~3x faster than narrow money supply measures. There is zero question that purchasing ability is fleeing the system at an astounding rate.

Don't worry about it, it can't happen, the US economy will completely seize up first.

If the market had dropped another 500 points on a failed retest, nobody would come to ET to start a "where is the logic?" thread. And that's the answer to your question.

"Supercomputers and fuel cells are not developed by a java-and-jelly donut economy" That quote alone is worth the price of admission.

I phoned Paulson, told him I had the long positions I wanted, and that it was time to let slip the dogs of war. You're welcome.

You can't, not when everyone is holding so much of each others debt in non-domestic denominations. Before you can do that, there would need to be a coordinated simultaneous default of meaningful size by all meaningful economies. Which I'm fairly confident is at least being discussed....

http://www.treasurydirect.gov/instit/annceresult/press/preanre/2008/R_20081113_2.pdf

Well it's a good thing nobody is asking you then, because they bought ten times as much fiat paper in the same period. Perspective is a precious thing...

You mean reasons other than (a) it's less than $3 from zero and (b) they're weeks away from getting a huge government bailout? Other that that, can't think of any reason not to.

The fault lies with the American electorate for continually voting itself the equivalent of bread and circuses.

Intel is interesting. It's lower now than at the '02 (nominal!) bottom, yet it now has more cash, more tangible assets, less competition, more diversified products, product lines, and customers. By any reasonable analysis, the stock is a buy-and-hold from here. Yet... In my mind this...

This can't happen as long as equity markets are a pimple on the ass of the ginormous debt markets. IOW - the G20 (sans Canada, who is more or less there already) need to get their budgetary houses in order before meaningful progress can occur.

They just issued a common stock "dividend" - 15% dilution on November 17.

If you are implementing a stop procedure with an "=" you should be shot, strung up, tarred and feathered.

The world was never running out of oil (I realize you weren't suggesting otherwise). If there is one thing the bull run proved, it's that at over $100/bbl there is an essentially infinite supply of the stuff. Probably more to burn than there is atmosphere to burn it into, frankly.

Yes, absolutely brilliant, tackle a debt problem by creating loads more debt.

So is anybody looking at GM debt with BGM, GBM, GMS, GPM, HGM, etc?

Sold Dec 80P on AAPL. Would be delighted to get assigned as it will be ~2x cash at that price. And there is zero chance of a margin call on assignment - homey don't play that.

You're comparing apples to oranges. Vast majority of defaulted homes did not GTZ or anywhere close. Combined with your earlier incorrect statement about types of loans "to my knowledge" not being securitized, I respectfully suggest you have some reading to do before you're in a position to...

Given the "restructuring" happening with the AIG deal over the weekend, it boggles the mind that neither party in Congress is raising a huge stink about this. Where is Maverick McCain? Where is Co-Maverick Palin - here's a golden opportunity for her to earn major kudos in preparation for 2012...