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The people in charge used the models as marketing props. They went by their gut feel and in an elongated super cycle the gut always gets it wrong for the majority.

I would like to see a Boston Tea Party where people trash the CME for keeping electronic trading tick increments too wide in order to benefit legacy pit traders. No justice, no peace!

How about a cell phone repeater? I don't have any first hand experience with them, but I looked into it a while ago. http://www.repeaterstore.com/

The world economy is deleveraging, the amount of credit is shrinking. There just is not going to be as much credit for developing countries as there was before.

California has population swings where productive people move in as the economy takes off, then as the economy tops off, they sell their houses and leave the state to retire or move back home. That leaves the low income group as a larger percent of the economy. Higher services cost and less...

I agree. We need to point out that it was the over the counter credit market or big bank credit market that blew the economy up.

The day traders are back. Here is an interesting article from New York magazine. http://nymag.com/news/businessfinance/53617/

I agree with the last post. Comparison is a source of misery. If you want to keep your old friends and stay friends with your family, be as vague as you can about your success. If all else fails, tell them you were lucky. You would think that people would share your joy at being successful...

E-VERIFY - (mandatory check for citizenship to get a US job).

Best thing to do is to buy a good quality car, take care of it and keep it for 10 years or more. It is great not to have a car or lease payment.

Since everyone now has zero interest rates, Japan no longer has the carry trade to depress their currency. Not good for a country that is overly dependent on exports.

The thing I don't like about credit card companies is that they seem to debase the value of money. They push it on people like its popcorn. Please, take this money, no interest until next year and use it for "whatever". It just does not feel right. Money should be scarce and valuable. I...

With interest rates near zero in the US, the Yen carry trade is over. This was a form of currency rigging on their part anyway. Japan will have to learn to live with a strong currency. Countries with export surpluses are supposed to have strong currencies (assuming they are not rigged).

Where are they going to borrow money for leverage?

But Erin Burnett on CNBC said that we needed to pass the bailout or the stock market would go down..... :eek: :eek: :eek: :eek: :eek: :eek: :eek:

Here is the answer to the original post. http://www.forbes.com/opinions/2008/10/01/interbank-lending-ted-oped-cx_ar_1001reynolds.html

I got tired of putting those courtesy checks in the shredder, so I called up my credit card companies and told them not to send anymore. They kept sending them. I called them again, they said they would not, yet they are still sending them to this day. They are like herion pushers waiving...

I have heard rumors that some of the big companies that want this bailout have hired telemarketing companies to call congressional offices to say they are in favor of the bailout. Also, companies are sending out emails to their employees scaring them to death and telling them to call their...

The reporters have to protect the stock and stock options they have in the parent company, GE (CNBC), Fox etc. No disclosure is made on this fact.

The financial elites hollow out the US, enriching other nations knowing that these nations must invest their dollars in the US to keep their currencies from rising. They then make their money skimming these money flows. They want the game to continue, that is why they want the US government to...