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It's basically as if the markets are just a replay of 2005-07 at this point. The system can only function with banks, funds leveraged 20-30x on miniscule price volatility and managed markets. Any prolonged volatility just threatens to collapse the system..except this time around, with fewer...

Who knows nowadays. I know that at a large state university, there are more options for students to take remedial classes as they have to accommodate athletes and such. Some schools will create a "general studies" major and just fast track the athletes into those courses, oftentimes the...

This dialogue reminds me of the sort of stuff heard before 2008..back when the market was doing the slow grind higher just like now. It was unthinkable that the market could move thru strike prices 5% below or 5% above...then in 08 we saw the market moving thru those levels every other day for...

Early enough in the ponzi, the might not...once you get to the latter stages, then you start starving the private sector to continue funding the deficits.

Don't give them any ideas...these guys would get desperate and start auditing their neighbors and relatives...I can just picture how out of hand it would be.

It's amazing isn't it? And in this country, we just run the core of our economy around a bunch of asset inflation schemes and other money changing usury. So the jobs don't come here because everyone outside of the easy money Fed driven cash cow is stuck with an extremely high cost of living...

Probably some idle billionaire who threw $3mm into an account and just "wings it" every day.

We'll have a second great depression either way. Think about it and what you are implying. If we continue trillion dollar deficits, the bond market explodes and funding all this spending becomes impossible. If we introduce austerity and, gasp, cut off all the crony capitalism, we'll see alot...

It's incredibly sad and I'm inclined to believe it. A smaller percentage of high school graduates can actually claim to have received a high school education...From what I gather, these students probably never learned basic algebra, forget about calculus (which went I went to college was intro...

The accountancy lobbyists would be up in arms. :D All kidding aside, the more you look at how our economy is structured, the more you realize that all of the complexity creates all of these cottage industries that would collapse under a more straightforward system. It's pretty much a given...

The Fed discontinued the reporting of M3 almost 5 years ago, so how are we supposed to discern any changes?

Krazykarl ranks amongst the elite group of Bernanke bootlicker's on this site. You'll never find a single post critical of Bernanke's madness. And I love the fact that nothing is subject to alternative interpretation with these guys. He knows "the facts" and everybody else is an...

They may own oil from lower prices, I'll take your word for it...On the other hand, you can go thru the archives and read about what an absolute ass whooping these guys experienced in 2008..and that goes for almost every Ivy League endowment. The IBanks were offloading all their crappiest...

I completely agree, very few college kids (even the very bright ones) pay attention to this sort of thing. Of course there are exceptions (like a Ken Griffin at Harvard), but prior to the shift of our entire economy into one giant asset reflating scheme, people actually did care about many...

Very true. I read a recent study of college first years and their overall "sentiment" was at all time lows (or since the study was started 30 years ago). Mention was given to a combination of general stress (both financial and academic) and despair over post grad prospects (as word from...

Without question...in high school it was 3-4 hours per night, at least, with quite a bit on weekends as well. College, depending on the major, is all over the map. I knew math majors who were truly gifted with "numbers" who did a minimal amount of homework, pre-med, engineering etc were...

Alot of applicants who would never be accepted to Harvard undergrad gain acceptance into their grad schools. Business schools in particular...Law schools, med schools are a different story.

You can count on one hand the number of original and/or thoughtful movies that are mass released. Typically, they aren't going to have Adam Sandler or Vince Vaughn as top billing. (Note: the two best films by these two guys were low budget flicks that only hit it big after dvd release "Punch...

IMO, it's been a long trend downwards with each successive generation having less academic discipline than the previous. At some point, it literally became next to impossible to flunk students. That statistic about not one single course requiring more than 20 pages of writing for greater...

The numbers do not support this, there were net outflows from individual investors for most of 2010. The demographics are very top heavy, so for every 1 employee in an economy with double digit unemployment, you are going to have planned withdrawals from those of retirement age and "hardship"...