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Nothing can be as bad as CNBS. Bloomberg is my serenity. I do hope CNBS is off the air soon, for their sake, and more importantly, the sake of all who listen to the talking heads they trot out daily.

http://www.ft.com/cms/s/0/b82d2b96-bc02-11de-9426-00144feab49a.html?nclick_check=1 Countdown to the next crisis is already under way Financial Times By Wolfgang Münchau Published: October 18 2009 18:42 | Last updated: October 18 2009 18:42 We did not need to wait until the Dow...

Survivorship bias. Wall Street's been deceiving people for a hundred years with this scam.

Yes, Ben Stein is a real braniac, calling for higher taxes. Speechwriter, Economist, Actor Ben Stein wrote: “By definition, the truly rich have a lot more money than they need. If they don’t, then they are not rich by my standards. The first step toward putting our house in order, once...

The Banks Are Not Alright http://www.nytimes.com/2009/10/19/opinion/19krugman.html By PAUL KRUGMAN Published: October 18, 2009 It was the best of times, it was the worst of times. O.K., maybe not literally the worst, but definitely bad. And the contrast between the immense good fortune...

http://www.bloomberg.com/apps/news?pid=20601087&sid=apNewkPGwwrE •U.S. Said to Target Wave of Insider Trading Cases After Rajaratnam Arrest By Joshua Gallu and David Scheer Oct. 19 (Bloomberg) -- Federal investigators are gearing up to file charges against a wider array of...

It won't be in the middle east; no one poses such a menacing threat - not even Iran. It will be a Sino-Russo thing, most likely, if it happens. Russia is flexing right now, and they are still very leery of NATO and their former satellite states align now with the U.S., which ring Russia...

The devaluation wars are beginning, folks - writing is on the wall, as they say. Germany is a huger exporting powerhouse, and they are none too happy about the rising costs of their exports to America. http://www.bloomberg.com/apps/news?pid=20601087&sid=aH5O2WnUuTEc Euro Declines as...

The Greatest Depression Is Coming October 17, 2009 http://seekingalpha.com/article/167060-the-greatest-depression-is-coming?source=article_sb_popular Good times will not be returning any time soon. We continue to lose jobs month over month. And, while the statistics being released...

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSLI71230020091018 UPDATE 1-Dutch DSB seeks 100 mln euro state capital-report Sun Oct 18, 2009 5:05pm EDT * Seeking total capital injection of 200 mln euros * Talks with potential U.S. buyer break down...

+1

http://www.ajc.com/business/georgia-banks-bracing-for-165275.html Georgia banks bracing for major hit Banks dealing with bad residential real estate loans wary of potential commercial losses By PAUL DONSKY The Atlanta Journal-Constitution 1:31 p.m. Saturday, October 17, 2009...

This guy is a douche and contrarian indicator. Thanks for the heads up, ehorn.

http://www.daytondailynews.com/news/dayton-news/drop-in-foreclosures-called-very-scary-352689.html Lenders’ actions show they think properties are not worth pursuing. By Ken McCall, Staff Writer 9:00 PM Saturday, October 17, 2009 Nobody is sure exactly how many bank walkaways are...

Thanks makloda. This is excellent.

Goldman, JP Morgan, Morgan Stanley - the biggest welfare queens the world's ever known, and now the same assholes making ruinous investment decisions (shouldn't those taking risk be left to succeed or lose, like the rest of us?) are getting record bonuses and pay. It's sickening. I never...

I completely agree with fly. Think about it: many of you have passively accepted a system whereby Goldman has a proprietary system enabling it to use flash order reveals to show what bid price is for to be completed transactions BEFORE the deal is consummated, and Goldman can buy at some...

Great article; this was as of August. Things are far worse now, and getting far worse from here. U6 unemployment is 22%+. http://dprogram.net/2009/08/22/unemployment-edges-up-to-great-depression-level/ Unemployment Edges Up to Great Depression Level August 22, 2009 Here is a chart...

Well. if Jim "the Realtor" says it, it has to be true. Realtors are honest. California, Nevada, Arizona and Florida are leading the pack in foreclosures, and the last 3 months have shattered records in that regards. The high end of the market is getting crushed because Jumbo loans are...

Bernanke's Great Fib - The "Gold Standard" and the Great Depression By Jake Towne Published 10/07/09 The claim that the "gold standard" caused or worsened the Great Depression debunked. The purpose of the following is to argue that the "gold standard," as understood by most of the...