Search results

So, where do you think we're going to be when the rate of default on consumer debt becomes 10-20 times the rate of mortgage defaults? Unfortunately, it is just as big. BTW, CDSs, are a different kettle of fish from the underlying due to the fact that a lot of them are essentially naked...

It's all securitized. Figures on credit card debt put it at close to $1T, which is about what the total sub-prime end of the market was. The annual market on car loans was around $550B the past few years and the majority of those loans were also securitized. Worse is that the bulk of them...

Keep dreaming. Once inflation ramps, and it will since that's the only way the housing market is going to be salvaged, it's guran-fucking-teed that regulations will be put in place that force mortgage underwriters and their banks to hold the note for X number of years before it can be sold...

I don't agree, I think there's much worse to come because the universe of problem toxic debt is much larger than sub-prime. A lot of it simply hasn't blown up yet. You've got option ARM mortgage resets out there that are still ramping up and then there's boatloads of jumbo prime mortgages...

A commodity backed currency that backs a commodity-based economy is not a safer haven than the current one.

If there's any rule associated with this it's that the argument unravels because it was based on well-chosen examples rather than an exhaustive study. A sweeping, and incorrect, generalization. Some areas of the country surely have broken public education systems, but not all of them do...

One study says N cups of coffee a day will kill you for certain while another says N+Y cups will keep you alive. It's more enlightening to find out who funded a study before taking any stock in what they're trying to get you to believe.

Because, once upon a time the only people who could vote in this country where those that owned their land free and clear with no leans, mortgages or debt attached to it. The premise was that you had to have some level of competent intelligence to ever get that far and presumably had the...

You really need to do some DD on who established the Fed and how they benefit because of it.

You guys gotta stop looking at the world from a quarter over quarter perspective like it's just another 10-K. That's not a problem, that's an opportunity, a decades long opportunity that's just waiting to happen. Once the time is right it will be the ultimate source of new jobs, paid for...

Population size is important from the perspective of keeping famine at bay, but that's their problem, not ours. Well, unless you're suffering from terminally socialist dementia... The more important number is a population's first derivative; per capita income. They're a long ways off...

Learn the basics about carcinogens and you'll know that no immune system is a match for UV, ionizing radiation, asbestos, trichlorotriflourothane, DEET, Agent Orange, etc. ad nauseam.

The sad calculus that renders your argument invalid is this; the debt created each time the Fed prints new money can never be paid off unless you print more money. But, each time you print more money it comes attached with even more interest. It's the ultimate ponzi scheme that is a direct...

According to who, Saudi and Russia? If Saudi really had the reserves that they say they did they'd flood the market with cheap oil to drive the competition to bankruptcy. As for Russia, no one's going to give those frackin' idiots a chance at solvency so long as there's any oil left elsewhere.

Funny, I remember hearing the chicken littles screaming that same exact argument 20+ years ago. Only difference was it was Japan who was going to eat our lunch back then. Only this time's different, is that it?

Believe what you want but, when you're born, you're cooked. When you're cooked, you're done.

Are you a natural asshole or did you have to work at it?

Nice dodge there.

While your rationalization seemingly has merit let's play this through from a few different perspectives... What if some child make the "mistake" of being born with a congenital condition that's so rare that it's not economically viable for private pharma to develop a treatment without...

If you want to split hairs here's the gist of it from the article: "The bulk of the documents Bloomberg sought are at the Federal Reserve Bank of New York, which she said isn't subject to the freedom of information law. " The member banks are private, it's the the Board of Governors in...