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you're forgetting the effects of: 1. Increased local tax rates. Another nail in the coffin for larger home purchases (precisely the ones which are most underwater now) 2. Repeal of federal mortgage deductibility. Gotta finance the deficit somewhere, right?

You're not getting the point. Illegals enter the country between their teens to thirties. No fixed costs of youth to raise them (non-productive years, don't produce, only consume). Due to illegal status, they pay taxes but can't collect refunds (loophole:cash economy, nothing to do about...

More self-aggrandizing art for the I-Bank & Hedge Fund crowd. This will go the way of the paintings of the dollar sign that were popular in the 80's and enjoyed a resurgence. Chief function of a piece like this is to allow people 100 years from now to look at it and go "What were they...

Remember he's a lawyer by training, so pay attention to the answers. Good find by the OP - thanks for the link.

I disagree. Looting and plunder have been time honored traditions. We only have waged war 'civilly' in the last hundred years or so with professional soldiers fighting other professional soldiers and obstensibly leaving the civilian population alone. Without a native civilian population...

Read Barton Biggs Wealth War and Wisdom for a look at what works on a practical basis in catastrophic situations. Hint: 1) It isn't always the same thing 2) There are no assurances 3) Helps to be on the 'winning side'

Because we're going to force it higher. 'Nuff said.

I'm too lazy to read the entire thread. What ever happened to the original poster. Did he find a job?

While she doesn't get all the facts right in her video rant, fact is she doesn't care. There is a social contract that exists between people & their elites (whatever form of governence they have). Its getting pretty obvious to a lot of people that the social contract has been broken...

Don't know if the OP was bs'ing - he might have done a summer internship in finance a year or two back and (wisely) used that to get his series licenses. The reality is that it is brutal out there - some of the bloggers I read suggest that the posted ads are fantasy - just used to keep the...

Thanks to everyone who put forth an opinion. All points to consider. IMHO price action just feels awfully bearish, particularly since dollar regression & gold run up hasn't helped this to find ANY support.

Hey there - any wheat traders with any experience have an opinion on wheat for the next 3 -6 months? Aside from downtrend and potential support at 450ish (if it doesn't just go to 300) any seasonal or common cyclical factors that tend to predominate in this market at this time? I don't punt...

Reminds me of that 'crack in the world' movie from the 60's. Can we get the crack over by afghanistan, please? http://www.imdb.com/title/tt0059065/

After you, sir.

If it hasn't hit the evening news yet, the bull market ain't over. So much for my short - will have to wait to do that until after my long is profitable!

I'm more worried about myself, thanks.

Good link, thanks.

Yup, round 5. By the way, that's when you can buy.

Same old damn problem - too much liquidity. More pain necessary & how better to dish it out than in illiquid assets? Here's my guess on how it goes down: Round 1: January 2008 - "Yay house prices down 10 %! We can finally afford a house!" Round 2: June 2009 - "Now that prices are down 30 %...