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Quote from Brandon: The Fed should raise rates if anything, but the best course of action would just be to leave them alone. Instead the WallStreet/Washington DC Mafia is going continue to provide excess liquidity to the market and a rate cut. We will see hyperinflation. The fed has...

Just imagine if the BLS hadn't adjusted in an additional 122,000 jobs into those numbers. They adjusted in 15,000 additional construction jobs and 4,000 additional manufacturing jobs. Go figure. As for growth, its a calculation based on how much they deduct for inflation. I'm sorry, but...

In those days the coins used were made of gold, and the paper money was backed by gold, whichh you could go trade the paper money for at a bank. So there was a lot of gold around, and the gold coins were being melted down and/or shipped to europe because of the fear of a dollar crash as the...

I don't disagree that what you said has been accurate since WWII, but I think In the next 3 or 4 years it will change completely to where the dollar is no longer the worlds reserve currency, and our bonds as desirable as fleas. Who are we going to borrow from to pay for boomers retirements...

Just march back out. That's how we got in there. Just reverse the process and fly them home from Kuwait.

We have a SYSTEM that ENCOURAGES the jobs to be outsourced and goods to be imported instead of made here, so it should be no surprise that jobs are being moved away as quickly as possible. I think the secondary result will be a worthless dollar that results from the huge trade imbalance, and...

I ran a business that had a dozen of them go under or get bought out from 2001 to 2003. That was about 1/3 of the clients. There isn't anything any amount of technology is going to do for you when your competitor from China is selling completed units in boxes, delivered, for less than what you...

Sorry, I worked for too many companies that ended up shuttered here and opened there to believe that. I suppose you could find a company here or there for which that might be true, but for the majority, the companies were either bought out or went under from the impossibly priced competition...

The problem comes when this "pool" of auction bargain hunters runs out of money, and the ocean of foreclosures flood in through next spring and summer. The banks won't finance the buyers there. What do they know?

an appropriate sequence of quotes from Thomas Jefferson posted by raa1010 "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless...

Down 25% is better guess, IMO

Remember how we USED to make things ike radios, TV's, washers, dryers, refrigerators, toasters, waffle irons, pots and pans, furniture, clothes, etc? Well pretty soon I think we will add Autos to the list of things we USED to make. Already most of the parts at Autozone are made in China. It...

Clock is winding down. Recession risk is now very high to be started in Q4, IMO. They let the wheels stop. That was a big mistake.

Same as the late 1920's boom and bust in Florida. History has the opportunity to repeat or rhyme when everyone has forgotten the lessons learned.

Sometime, look up what Woodrow Wilson said just before he died about having been the one to sign the bill authorizing it. He eventually saw where the road would go, but it was already too late because the damage had been done.

The nation is hopelessly bankrupt. You can play any games you like with the debt, but you will never be able to pay it off with interest from current levels without just printing the money. And in 2010, it gets a lot worse.

Q2 is done and gone. Q3 is 2/3 gone. I think Q4 could easily come in zero or negative, and same with Q1 of 08. It all depends how low you pretend inflation is...

and it was down hard again, anyway. IMO, it was the hedge funds puking their heavily leveraged holdings.

Yeah, this is a dead cat.

Last week? Great week. The question should be THIS week...