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This country is changing and there's nothing anyone can do about it. The tide has already turned. Living in Los Angeles, I see it happening all the time. Parts of LA are becoming Mexico City. In 30 years, the city will be unrecognizable. The question isn't about racism. It's about, what...

I don't see how anyone can really call Buffett a "trader". A trader like Soros or Cohen or Neiderhoffer? Hardly. It's like saying Michael Jordan is a 3 point shooter. Yeah, he's taken 3 point shots before. But it's not his specialty. It's not what he's known for. His major focus and major...

Why does the FCC even have authority over commercial television? The "public airways" are BS. Most people get their TV from pipes into their homes. People use the "public airways" to recieve the internet on their mobile phone for example. Yet the FCC isn't regulating the net. Yes Michael...

I've never been a bigger believe in Fib retracements per se. I don't know if retracements can ever be so precise. But I believe in a more macro type of "fibonacci retracement"; ie, entire countries retracing. That's what's happening in the US right now. It's an iron law of economics that...

Their #2 man claims the organization has suitcase nukes. Will Al Qaeda ever use them? Are they just bluffing?

What are the folks at the BLS smoking these days? Really. Gas, oil and commodities are surging to 10 year highs. Medical costs are going up at least 8-12% a year. Is rent only increasing 1.2% a year? These figures are just laughable. Sure, some prices are certainly falling; DVD players...

Many of the EMH and random walk academic types can't stand a success story like Buffett. Surely, he's just a fluke. Just luck they say. His detrackers say he has advantages that small investors don't. He sits on company boards, he gets preferrential treatment, etc. But he was routinely...

The exporting jobs thread is excellent. But because its gotten so large, this thread can branch off and focus just on the future of having an MBA. What global trends are affecting US MBA's the most? I know a few people that are going to Marshall and Anderson and I can't help but wonder how...

Another way to create jobs is to let "creative destruction" work in the economy. Letting alot of zombie companies go out of business (The Lucents of the world). Flushing out companies that should have gone bust a long time ago. There's simply no way around it. That's what happens when you have a...

JB, OK, let me put you on the hot seat. Tell me, if you were President starting tomorrow, what would you do to create jobs? I'm listening. What would you do? See, here is the problem with you people on the left, you all shout and scream and complain about the jobs but when asked what your...

The cycles of history have not been kind to him. There is simply no way IMO that a president could get re elected if there is a net loss of millions of jobs under his presidency. He can try and scare people into re electing him based on 9/11 and Iraq, but the American public will come to their...

There is zero evidence IMO of an improving economy. We'd be a deep recession right now if people didn't have home equity lines of credit and credit cards to keep their lifestyles afloat. When personal income goes up 2% in a year, yet debt goes up by 10%, you know something is wrong. That...

Another comment frequently heard by the pro illegal immigrant advocates is that, "the economy will collapse without these people". IMO, nothing could be further from the truth. Americans use to do many manual labor jobs. Jobs such as gardening, maid work, etc. is still done by legal Americans in...

Here's my proposal to fix the problem: Require employers to verify that their employees are legally here. Impose fines for those who don't check. Dramatically increase spending to shore up our southern border. To the illegals already here, give them a fair amount of time to exit the...

I can't believe Bush stands to be re elected. Although GDP is growing, there have been millions of net job losses during his presidency. I think it's unprecedented that a president gets re elected with no net job creation in 4 years. The Dems are not up to the challenge. Sadly, W can play...

This immigration policy is pretty twisted. Why would any politician reward people who break the law? That's all it is, plain and simple. The advocates claim...."America was built on immigration". Yes, but those immigrants played by the rules! If we accept illegals from Mexico, then why all...

The jig is up. Our post WWII monopoly on capitalism is over. We've been running on fumes for the last 30 years. It looks prosperous on the outside, but on the inside, it looks ugly. 50 years ago, no one had to work 2-3 jobs to make ends meet. During the 50's and 60's, real wages were...

History tells us that credit and money growth can only go so far in proping up a market. No market in the history of the world has ever gone up for very long simply because of the central banks printing presses. Greenspan can try as hard as he can, but he can't bend the laws of economics...

DOW 15,000 is beyond the realm of possibilty, at least for the next 5-10 years. We had the biggest bubble in the history of this country. The DOW topped at 11,750. For it to eclipse this only 3-4 years after a major bubble top would be unprecidented in market history. Greenspan can print...

Stephen Roach, the Morgan Stanley chief economist, is the only major Wall Street strategist that I really follow. His views on the economy are dead on IMO. He recently wrote about the jobless recovery. Did you know that the "great job creation" in the past few months is just a mirage? That...