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Funny you mention those profligate socialist Canadians because in the early 1990s the government there became concerned at the high and increasing amount of the national debt owed to foreigners and began addressing the issue. Their debt levels are pretty much the same as that of the United...

After trying to convince the world free markets are the panacea to everything US financiers are shocked to find out they've managed to convince ordinary Americans the same and that they are even more shockingly are being opposed by them. Maybe they thought everyone knew it was just rhetoric?

The problem with the last administration was compromise with CONGRESS..... GWB's current administration? Isn't he supposed to compromise with Congress especially when for most of his term his party was the majority? What in your opinion was the worst mistake of the previous...

To give you the opportunity to enlighten me of course. Since you didn't the first time around.

So you admit that as you see it, in the most likely scenario it really will be just a repeat of Bush-Cheney and advisors running the show? But instead of Bush we have McCain as the front man and instead of Cheney we have Palin as the power behind the throne? Is that supposed to be an...

Not too familiar with the 1970s but I don't recall it being notable for any bank failures. Certainly nothing on the scale of Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, and AIG being brought to their knees. The 1930s on the other hand.... Maybe this will help...

For the same reason that you cannot pop a bubble cleanly, you cannot expect Paulson to go into grisly detail about the possible ramifications of what will happen if the situation gets much worse. He's doing the system a favor keeping all the sheeple in the dark. If they all began running for...

In a free society, the only just laws are those that protect one citizen's person and property from another citizen's aggression. The same concept for free markets: laws are only to protect the legitimacy of contracts and to punish fraud. But what does it mean to "protect"? What constitutes...

TraderZones gives a pertinent warning and example to look at and his comment is met with jocularity. Like Marie Antoinette proclaiming "Let them eat cake!" The hubris on these boards is astounding. Too many people here who have not been properly schooled by a right and proper financial...

Wow, you guys might get all you asked for and a whole lot more! Be careful what you wish for! If you get wiped out, remember you asked for it!

Cutten when reading your posts I get the feeling your economic outlook conforms to that of classical economics the school of economic thought that was prevalent from the time of Adam Smith up to the early 1930s. There is a problem with that economic school of thought, however, that was made...

Why not just do a search in them? They're just another way of drawing a particular kind of moving average.

Look up something called "The Great Depression". The stock market collapse of 1929 was nothing. It was the later collapse of an Austrian bank that precipitated the carnage that followed. It's from such a lesson that people now know there are things such as banks that are too big to fail...

I hate being lied to and misled. This guy says "Throughout his political career, Obama has gotten more than $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac, second only to Dodd, the Senate Banking Committee chairman, who...

That one from opensecrets.org is the list I think the writer is referring to too. If you read the comments section you will see the compiler admits it does not include the top brass but only the ordinary workers at Fannie and Freddie and their PACs. Any one referring to that list is being...

I hate being lied to and misled. This guy says "Throughout his political career, Obama has gotten more than $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac, second only to Dodd, the Senate Banking Committee chairman, who...

I hate being lied to and misled. This guy says "Throughout his political career, Obama has gotten more than $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac, second only to Dodd, the Senate Banking Committee chairman, who...

tom123, from my own observations on forex I pretty much agree. But now you have your observations I don't see you logically extrapolating from them. Going from what you've said, you shouldn't show your stop. You shouldn't use conventional TA. You should look for something else. You should...

Not quite that simple. We're not talking about a radio, we're talking about something closer to dynamite. Useful when it works as you want it to but the one time it doesn't can kill you.

Conspiracy theorizing of this sort is getting ridiculous. What foreign entity stands a chance at forcing Wall Street to its knees if Wall Street was in sound and healthy condition? The assets of AIG alone for example are larger than the GDP of medium sized countries. The source of the...