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How is Obama different from any of the other candidates in this? There was NOBODY out there advocating for the complete elimination of Medicare, Social Security and Defense. Even the iconic Reagan wouldn't touch those. Seems it would be much more correct to say neither Republican nor...

That would mean cutting spending by approx 75%, as a significant part of the budget is interest on legacy debt and isn't cuttable. In terms of programs, that's roughly equivalent to the complete elimination of Defense, Social Security and Medicare. Not saying agree or disagree - just...

And for six years of the eight year term, both the Senate and House were GOP controlled. They had absolutely no excuse. As a fiscal conservative myself it is embarrassing how self-described "conservatives" are willing to forgive with this abject failure of an administration. With all due...

Looking into this a bit more, it seems there is a convertible loan coming due in January, the terms of which require COIN to be above $6 or "a degree" of dilution occurs. As there does not appear to be a realistic hope that the note will be paid off as COIN has not yet shown itself to be a...

I'm fairly certain that if even the ET riff-raff know the Fed is not technically a federal institution, it's highly likely Bloomberg's lawyers know it as well. So the real question is why they're proceeding anyway knowing that will be the first objection raised and have without a doubt...

Well he's right on that one. Nobody knows which buy or sell signal turns into a bull or bear "trend". What he's missing is that this "luck" happens with considerable frequency. But it takes discipline - trend hunting is high-reward but comes with significant drawdowns. Smart money management...

Right after it wipes out shareholders, who are even further back in line than unsecured creditors. So the question remains - what is a $15/share valuation based on?

It's simpler than that - all currencies ultimately fail, unionized or not.

Even on ET, the notion of Euro-as-toast is the mainstream view. The MSM is littered with similar stories. No question being a Euro-believer is the contrarian position.

Really dumb bond holders.

Based on what? Back out the cash and the company has $46/share in debt.

It's a pump-and-dump. Rumor in play is that they are "interested" in buying an existing fertilizer company. One with actual - you know - revenues. Interest in a deal and actual consummation of a deal are - you know - two different things.

"Facilitate" a couple of nukes going off in the Saudi oil fields?

More to the point - how can scapegoating the UAW be legit when Volkswagen manages to thrive with the much more entrenched Deutsch unions. IMO the lions share of blame goes directly on GM management. Call it a 2:1 split with the UAW, whose leadership is every bit as corrupt as GM senior...

I'll put it real frank: what is happening in Japan scares the shit out of me. My historical analogue so far has been '66-'82, with us currently around '74, but I'm having to rethink the premise. This could, honestly, be The One. As alarmist as it may sound, by historical measures we are...

Ok, I can understand tossing Clinton's name in there, but how does Barney Frank manage to be the *one* Congressman you mention when Republicans controlled both the Senate the House from 1995 to 2007, with the last six years of that tenure coinciding with a Republican president? Are you...

They have a conference call tomorrow - surprisingly, before the final bell. Should have some entertainment value...

It would seem a "coordinated" default of G7 sovereign debt would be more likely than an outright collapse in USD. If the dollar does well and truly collapse, global trade comes to a screeching halt, and you're talking about a couple of billion people literally starving to death. In that case...

It is a travesty that GM management can collude with the UAW to maintain bloated payrolls to blackmail their way into handouts. By their actions both GM management and union leadership have amply demonstrated they are not interested in competing in any meaningful sense - so give them their...

Those were run by Republicans from 1995 through 2006, with the exception of six months in 2001.