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Thanks Bart for sharing your story and I'm sorry to hear how fucked up things got with these clowns. I'm really of the opinion, after reading enough anecdotal evidence, that these types of situations are far, far more common than alot of people want to believe. It's the kind of shit you'd...

If only the idiots on this side of the pond would follow suit. We can only dream that someone would have the guts to start thinning out the public sector.

It does have wage deflation written all over it. Once you can bid a project globally, the savings that can be had from some third world country where a few hundred bucks go far is immense. All of a sudden, the countries with the highest cost of living (which is why this fucked up concept of...

Yeah, exactly. Doing the right thing takes a pretty big chunk of one's income...I've been saying for months that the surprise strength of retail is all that money freed up by the deadbeats and others who are living off the government, spending their money on trinkets and such. Really, if you...

All POMO, TOMO, QE 2.0 rhetoric. A dying patient on life support...if they take away any of the artificial stimulants for even a day, the markets fall apart. The scam of the century.

Odds are very high that this guy lives off of the taxpayer and so will do anything to vote for his very own sustenance.

Sounds sort of like the used car salesman when you tell him you'll look elsewhere. Since the answer can never be no, it's always YOUR fault that you can't see what's right in front of you. Hopey is so used to bs'ing his way thru life, it didn't even take more than year to see thru this...

I want to see how many individuals have first hand knowledge of either a family member, business associate or an acquaintance who has just decided to stop paying their mortgage?

I know that is the prevailing logic, but I'm still of the opinion that while the Fed can and/or will create inflation, they are somewhat inept at targeting where the inflation will appear. It's just as plausible that we will have soaring inflation in health care, food prices, energy while...

I'd argue the complete opposite going forward for real estate. There is supply as far as the eye can see (plus the enormous shadow inventory), tons of people who have too much house who'd like to downsize. Tougher mortgage regulations (for the massive amount of mid-upper end inventory), a...

A couple of potential buyers :D

I know, it's the same line of bullshit I heard during the last debacle from 03-07..while commodity prices were flying, home prices were going parabolic, etc, etc...Meanwhile, if you looked thru prices paid for any assortment of goods, services, assorted taxes (i.e. local, property, sales, misc...

Yes, I read The Creature a number of years ago..anybody who has read the book would have a greater understanding of the past 2-3 years anyway (actually it obviously goes back much further than that..but the whole PR aspect)...as Griffin constantly re-iterates, "the name of the game is...

Same here...I'm basically in agreement with your stance, I just always make it clear that this "hybrid" sort of situation with which we argue for a "raw" capitilism needs to remove the government safety nets that completely skew the risk appetitite of banks, funds, corporations, etc, etc...

That pretty much covers it. If you sampled enough of a cross-section of the population, you'd definitely have alot of conflicting answers about a recovery. I've also found that there are those optimists who don't answer that sort of question directly, but rather it's the sort of "I hope things...

This is really reminiscent of 2007 when Gold and Silver, most commodities were going parabolic and whatever gains the mainstream indicies made took the front page and center stage. It's quite literally as if it never matters in what context these indicies rally, just so long as there is some...

If you or I engaged in the very same tactics that the largest I-banks engage in, we would be charged with fraud or market manipulation, it's as simple as that. I've got no problem with a complete free for all, which is basically your stance on every one of these issues. The only caveat is...

Come on, you're smarter than this. These guys aren't talking mid 1990's type of shit, this is milliseconds type of spoofing with no realistic chance of filling. I really cannot fathom why guys who have been around the block for a few years and traded when markets were real, where other...

Just more evidence of the "we'll do ANYTHING to inflate assets" mentality that is the fabric of policy makers. The fear mongering surrounding any sort of mean reversion in housing prices is constantly beaten over our collective heads to justify more insane policies and more intense fraud just...

Yeah, this gets to the heart of the matter. When you reflect for a moment, just about every election in the past 40 years or so has been a reaction against the previous administration to elect what is perceived to be a radical shift in policy or direction. The end result is that most everyone...