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On the subject of assholes that start shit with the wrong guy and get their asses handed to them, a classic: http://www.metacafe.com/watch/274220/happy_slapper_gets_smacked/

Assuming that chart is accurate, it shows PEs in and coming out of several recessions, all of which appear to be at least an order of magnitude lower than the current levels.

And so does a criminal that mugs an old lady and makes off with her purse. Does he deserve praise for making a killing, too? These people did not play "the game" that everyone else has to play - they made out under a system that was set up just for them to win by corrupt politicians. They...

I'd bet that a significant portion of the current Congress wouldn't be able to read the quote above, much less use language like this. One thing that jumps out while reading about politics of the past is that we really do have a bunch of crass, ignorant imbeciles running the show now...

Long term, most of it is inflation and survivorship bias when looking at the indexes. In theory, retained earnings should increase the value of enterprises over time, but in reality most of that is stolen in the form of executive compensation, perks, and graft.

But then you have to live in Texas. A 100% tax wouldn't be enough to incentivize moving to Texas.

That would be rational, align executives' and shareholders' interests, and would be much more fair....but it would also be more work and less certain for the executives. Much easier to use the shareholders' money to try to bid up their bonus assets. And as long as the shareholders don't...

Are executive bonuses paid in options or in dividends?

Not paying a dividend is equivalent to management claiming that they can earn a greater return on the dividends than the shareholders can. In a very few cases it is true; in most cases, they dismally underperform, and it is just a scam to make it easier for managers to pay themselves...

Bullshit shoveled by yet another financial industry shill. These corporations are operating today solely because of taxpayer wealth handed to them by politicians. They are de facto government entities, and their employees should not make any more than any other government employee.

What a load of bullshit. They, along with all the other major IBs, took imprudent risks and would be bankrupt if the US had a truly free market. They would not exist were it not for taxpayer wealth given to them by the government. They are de facto government entities. If the system were...

Are these the same economists that warned of an impending depression in 2007? Maybe they're the ones that warned in 2002 that the housing bubble would pop and take half the banks with it? The predictive opinions of most economists are worthless. They are Jim Cramers with fancier degrees.

If the past 2 years prove anything, it's that the only response of the American public to getting continuously raped by the bankers and their minions in congress is to bend over further and to smile more when saying "thank you." They won't demand substantial changes to the system they live...

Thanks mindtrade. I think I've seen parts of that thread, but I'll run through it again. (btw, searching the whole title yields no results, searching the title with "AND" between each word gets 17k hits :eek: )

Which thread is that? Searches on that title and via google aren't getting any hits.

Because Obama is intelligent enough to be held accountable. He understands the harm he is doing. Bush was like giving a toddler a loaded handgun then blaming him for the consequences.

Irony.

Actually only a portion does, depending on your tax bracket.

http://www.elitetrader.com/vb/showthread.php?s=&postid=2535851

Serious question: you seem to have a strong conviction on this scenario playing out, and I assume you have assets in USD -- so what do you do right now, specifically, in reaction to it?