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Sure feels like that's what is coming.

I really like that idea. It is the next appropriate corrolary to the trend which has been: Shadow banks ---> mortgage insurers ---> investment / commericial banks ----> consumer lenders of last resort (CC's) TKu.

Traded around some calls last week on C. Debating if I want to purchase some OTM calls in Jan-Mar on a run down to 4 or below. Cheap lottery tickets but lottery tickets seem to be paying off in this market. Currently no position in C (outside of mutual funds and who knows what they are...

Well, as soon as it blew by my 30 bid and went down to 28ish yesterday I knew I was dead wrong on this one. Stopped out at 26.86 and happy to be so. 69 SPY puts expiring TOMORROW traded .30!!!! Unreal. This is just looking so bad I can't even fathom it.

Staying with the hunker down (treasury/cash) trade. Have bought some CEF's at huge discounts within last 3 months but even not all of these are profitable trades. Holding onto some for long term investment purposes, waiting for bounce on others to get out at a reduced loss. Testing...

An interesting, if somewhat flawed analysis. Shift from manufacturing economy to service based economy attempts to alleviate some of these problems as while a product's price is somewhat fixed (cost of raw materials +R&D+fixed capital costs+hourly worker+profit). However, a service can cost...

Of course they flew gulfstreams. Any CEO type at this point flies a private jet to maximize THEIR efficiency, which they hold in high regard. You may not, but from their perspective it keeps them more efficient. The autoworker bailout failure is a union and benefits busting ploy. Thanks...

If JPM goes so do we all, I fear.

Don't forget that the Gen X'ers are fundamentally nihilistic infiltrators. Let's see what happens when Obama gets the keys to the car.

Hmmm.... If we all just pull together, maybe, just maybe.... http://en.wikipedia.org/wiki/Americathon

Interesting how JPM got near 30 and all of a sudden we go green.

Dow: 36,000 Gold : $2800 loaf of bread: $10 Telling your deflationista friends "I told you so": priceless (i.e. not worth beans). Wei... o... Wei.... o... Wei-o (Mar) (not having a clue which way this is going personally - Full disclosure)

Prior to 1991-92 recession things were different. Living in manhattan was possible, though not cheap (never was) for a bloke. The B&T crowd was much derided then as well as they would pay $20 (inflation adjusted $50) for a club admission and then sip their $7 drink all night. You had gone...

Rumors coming in from my buddies on the street with the main topic bonuses. In light of GS honcho's declination of bonuses (you may guess on your own what their reasons were), there is great concern among the rank and file at other firms that bonuses will be non-existent, let alone cut...

Actually, I think the opportunity is going to be in taking companies back to a public or private business model after they have been quasi-governmentalized over the next few years. You're ahead of the game.

http://www.247wallst.com/2008/11/g20-meeting-on.html While a little light on the analysis, that seems to match my opinion a bit more. Also, note that the meeting only took SIX hours in length. Either there is a plan already in existance which needed only to have signatories applied, or...

Random, I respect you but don't understand this statment. How can you claim that we have lost the ability to fund our own debt in our own currency? The G20 statement you posted did make a number of points that were pro some other sort of currency system, but if we look at EUR/USD, we see...

Clear symbiosis between US and China, meant to oppose russia. India meant to hold china in check and separate middle east resources from china not allowing them to bypass russia. End of oil economy means irrelevance of the gulf states, so selling them all the arms in the world makes no...

Thanks. Useful post. Afraid your take about that is correct from a brief perusal of this info - FSF is not an institution I am well acquainted with but sounds like some heavy hitters. Was nice while it lasted. Glad I took a few nice vacations.

Once the first supply shock is repeated, you can count me in on the end of civilization. I'll be joining you on the kibbutz, and happily so. Something tells me that isolating myself on some small carribean island might not be such a hot idea as the living standard falls pre WW-II. Oral...