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No, I don't disagree with you on that point. I wrote that without checking the numbers. But there's also plenty of graphs going back to the 1980s showing real incomes are flat, and that's what I had in mind. Outsourcing might work if those people bought american goods. You know, free trade...

$400 million, holy fuck. Why are they lining up to manage Wall Street banks when you could be an ignorant moron on radio for just a few hours a day. That's insane, 400 million. I always love how people making $30k a year listen to journalists or pundits making millions a year and think...

I don't think Jim Rogers is stupid, I think CNBC is stupid. You therefore have to adapt to them! For example Peter Schiff on CNBC appears like a raving lunatic, but I saw some 1 hour presentations of him on Youtube, all of a sudden he says so many good things, he's smart and hard working...

Outsourcing is great for multi-nationals. They run the show. End of story.. You also have to understand that your local uncle's IT repair shop cannot sell its services in Asia. But IBM can. So not only do they make money in the short term by outsourcing the US, but in the long term, they...

Every dollar is debt, remember. Those who can self fund are always the minority. That cash on someone's balance sheet is a liability on someone else's balance sheet. So credit growth is essential. This new BW story also talks about some regulations...

Nursing apparently isn't that great career anymore as hospitals are trying to hire experienced philipino nurses instead of recent grads.. the good old H1B scam.

Where is debt repayment in this? Why pretend it's not there? How about doing the same charts for the bottom 90%?

I just read today that North Korea's leader, King Jung ll, might be dead, since 2003 actually! The proof is a japanese professor proclaiming as much and many photoshopped pictures that have horrible gaps. The latest one has him without shadows. Then there's one standing for a pose next to his...

Who cares, TARP was a PR campaign. Making the public think the bankers "came clean". Trillions were still given away in buying toxic assets, and government guarantees (that means the risk is on the tax payer, remember PPIP?)

I think people need to look at all the charts that the returns over the last 10 years were not sustainable. It's called a bubble. Everyone was buying houses, everyone was paying 0% down, and so demand went up, prices went up. Now prices are down, granted it's a good time to purchase maybe as...

I know! I always instinctively hated housing as an investment. I live in Canada and I still hear so many people say how housing is a great investment. All they look is at the $. They forget the huge financing cost, they forget the maintenance, they forget the long term average equaling...

Hell yeah! Is this true? I can't wait to read that. So does it cover the $7+ trillion?

They don't provide any liquidity, quite the contrary, they create all kinds of fake volume that's misleading and employ strategies that were not available even 10 years ago. When you lie, it's easy to "make good points". They are not evolutionary, faster execution etc. They distort the...

Too bad it doesn't work in Canada because "money laundering" issues, what bs.

rich is relative. Today with flushing toilets, fridges, cars, heated homes, we live better than kings 100 years ago. But debt will be a problem. The public will always be in debt is more apt. Or the public will always fall behind in their finances is true too.

Remember Hank Paulson saying that he doesn't see any problem to change his actions when the facts change? Yeah, that was him changing his promises after the TARP was voted in. Some of it went for equity purchases in banks, great deal..

Welcome to my ignore list. I'm happy to see intelligent conversations that's not party oriented on this forum, the last 2 years brought a lot to light. People here are well enough informed not to blame Bush or Obama or liberals on every problem. They don't believe in dogma, like you. In the...

Damn, what an article. So the Senate is pushing these hearings, what are they for? Is the Senate tired of being pushed around by the banks, or is it all politics, give a bit of newsbites to those who are really angry? The future policies taken will show where the Senate & Congress lie, do...

Cool, thanks to whomever first decided to release it to the public. Bet it sucks, but hey. Freedom prevails!

We should remember the sub-prime news and how public it was for a long time. Investors don't care until they do. We shouldn't ignore information just because the market shrugs it off.