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    Nassim Taleb on Charlie Rose: "Massive Deflation Nightmare, Roubini Too Bullish"

    Read some history and learn how we evolved from bartering, to creating money, to banks, to runs on banks, to government rules. Sorry, I don't think human history is going to rollback and replay your naive view of human interactions when it comes to money. Yep, let's all be FREE. Free to put...
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    Nassim Taleb on Charlie Rose: "Massive Deflation Nightmare, Roubini Too Bullish"

    There has never been, in the history of mankind, the utopian free market, because there is: 1) Money and 2) Thieves. The moment you place money in another person's hands (e.g. a bank), you need government rules. Stop being so naive. It hurts - unless you are under 10.
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    Nassim Taleb on Charlie Rose: "Massive Deflation Nightmare, Roubini Too Bullish"

    So first your Free Market pals, Greenspan and Bernanke, deregulate the economy, then they turn their backs as your Free Market pals borrow the money at 1% and steal everything in sight with it, and then when things really get mucked up, you wash your hands of the whole thing and say that that...
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    Nassim Taleb on Charlie Rose: "Massive Deflation Nightmare, Roubini Too Bullish"

    Like any investment, the government should look at a well drawn out business plan, that would not only attract government money but also private investment money. Depending upon the plan, and what it requires, I would decide how much to invest. I was a VC at one time, and I know how to draw up...
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    Nassim Taleb on Charlie Rose: "Massive Deflation Nightmare, Roubini Too Bullish"

    I have never bought a U.S made car. However, for some reason, our cars thrice overseas - go figure. But, unlike others, I am unwilling to cut off my nose to spite my face. The GM executives, who directed this fiasco into this mess (I am sure they are Republicans who support Free Markets...
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    How leveraged ETFs are able to track the DAILY price movement?

    Googled and found this on Fools.com: How do these things really work? Leveraged ETFs resemble regular index ETFs in that they're geared to track the returns of a given market index. To generate ramped-up returns, however, most leveraged ETFs invest in a combination of stocks and...
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    Nassim Taleb on Charlie Rose: "Massive Deflation Nightmare, Roubini Too Bullish"

    Good news. Sen. Corker (R) says he wants to pass a bill, but one with more teeth in it. Fine with me. I think the whole management at GM should get a flying tooth in their butt. He says: "fellow Republicans would try to craft an alternative that "has teeth and really moves things along very...
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    Nassim Taleb on Charlie Rose: "Massive Deflation Nightmare, Roubini Too Bullish"

    Give me a break and stop being so naive. The guys who the Free Marketers put in power are just a bunch of scam artists or too out of it to know what is going on, and then they crush the nation. The ONLY reason, banks, insurance companies, auto companies, are in such a deep mess, and our economy...
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    Nassim Taleb on Charlie Rose: "Massive Deflation Nightmare, Roubini Too Bullish"

    My friend has a thriving business in Washington D.C. Virginia for 30 years is now being crushed by the Free Market economy that Bush and the DittoHeads have been running for the last 10 years. He whined all the way to the voting booth, and voted the whole cockamamie bunch of them out of there...
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    Nassim Taleb on Charlie Rose: "Massive Deflation Nightmare, Roubini Too Bullish"

    Government exits to watch people like Angrycat who only act in their own interest. The world is full of them, and when they can play with my money they will. The crashes in the 1890s, and 1930s were caused bb bank runs, because there were no regulations. We didn't have a crash for 80 years...
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    Nassim Taleb on Charlie Rose: "Massive Deflation Nightmare, Roubini Too Bullish"

    I know you act in your own interest. That is why I ignore what you are saying. It is in your interest, not mine. However, when my money is placed in an FDIC insured accounts (FDIC exists because of the runs on the banks that were the result of free market capitalism), there are certain rules...
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    Stocks vs Oil, which gives better long term potential?

    Thanks. I hope I am right. :-)
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    Nassim Taleb on Charlie Rose: "Massive Deflation Nightmare, Roubini Too Bullish"

    She is not an idiot. Just a very inexperienced, naive person who is 1.5X ahead of herself, but in time will learn. She believes that free markets work toward the benefit of the whole. It doesn't. They work to the benefit of the 1% that decide where the money flows. And that 1% doesn't give...
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    15B for the Automakers

    It's broke because for the last 10 years, Bush has been following your advice - i.e. send profits and jobs overseas. What the heck. People can just sit around in front of a tube and make money by buying stocks and homes, and just watch them go up. What a laugh. I think most people are a little...
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    Will GM BK Unleash CDS Tsunami?

    Glad to bring a smile to your face. Enjoy your day. :-)
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    Goldman Draws Ire for Advising Default Swaps Against New Jersey

    CDS are basically insurance products, that have no adequate reserves, no experience, totally unregulated, and sold by a bunch of known scam artists. This is a total joke, and the industry has to be regulated and brought under control before we have another AIG. And when the heck is the Head...
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    Will GM BK Unleash CDS Tsunami?

    GM will get the money. But when this comes true, I don't want to get the reputation of being some soothsayer or something. All I have is commonsense. :-)
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    Reagan's Big Spending = Big Bull in 1980s

    They were regulated. However, under Bush (your buddy), the Free Market guys took over (ROFL), and kind of deregulated it. You know, turned their heads a bit. lol. Listen, give it up. Your ideas had their chance, and turned out to be totally worthless. I could have told you so, but you...
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    Reagan's Big Spending = Big Bull in 1980s

    For all intents and purposes, the mortgage market acted as an unregulated market for 10 years. The banks and mortgage lenders could do anything they want. Taking money off the bank balance sheets and move it onto these SIVs and Conduits for the sole purpose of avoiding regulation. Moving the...
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