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Don't forget "Vitamin Water." What a great way to get adults to drink Koolaid. Have you tasted that shit? 18g of sugar per serving and of course, it's High Fructose Corn Syrup. "Your body can't tell the difference. It's just sugar." I can't believe the corrupt FDA actually allows this...

How many attempts did it take Edison to create the light bulb?

Not saying a crash isn't coming but what do you base your prediction on? Useless speeches generally doesn't preclude a crash but considering the fragile nature of the market you may very well be right. October is right around the corner.

As much seat time as possible. Think of it as trying to learn how to fly a plane or graduate from law school, or do an MBA, whatever. It's measured in years not months or weeks but if you can master the craft the rewards are immense.

Precisely! If the powers that be want Obama in office they will make sure his opponent has some skeletons in their closet or other disqualifying event. Since Obama is Bank friendly it's highly likely he'll be a 2-termer. The elections in the US are far from free.

I think the reason he did that was in response to the credit downgrade by S&P. It was his way of letting S&P who is really in charge. Higher rates would be trouble for an already fragile economy. Bubble Ben made sure rates would remain low, regardless of the rating downgrade. Anyone...

There's an awful lot of pessimism about the housing market. That's typically how bottoms form but you bring up some very valid points, especially the point about borrowers being unable to apply because of restrictions and other forms of debt. However, I have a friend who works as a house...

This doesn't look random at all. In fact, this pattern repeats essentially everyday. Does a repeating volume pattern equate to a repeating price pattern?

BAC has a load of toxic mortgages on their books. A 1:10 split is more likely unless the Fed forces a buyout like it did in 2008.

Who is the bigger idiot. Cramer or the sheeple who follow him? If you can't make your own decisions you have no business being in the markets at all. I don't feel sorry for anyone who lost their asses following Cramer, even though he's a complete buffoon.

Gold is in the beginning stages of a bubble but so was the Nas at around 2500 :D Just ride the bugger for what it's worth. Who knows where the top is. Let the precious run. Edit: Gold has been trading in a very sustainable trend for the past three years. Over the past few weeks it has...

The banking system go away with the biggest heist in history. That will come at a price, which will be much worse than the Great Recession. The SPX wouldn't have seen 1000, no less 1300, if not for the funny money policies of the FED. Now that the FED is out of bullets the true consequences...

Dude, appreciate the fact you wrote a book on a hot topic but you've been plugging for 7 pages now. Any reader of the thread will catch that. By the time you get to about page three reading another plug becomes a complete turn off. Instead of just dropping a plug, copy and paste an excerpt...

I agree that the whole money out of thin air concept has the potential to destroy economies, as we've just seen, but wouldn't free borrowing do the same? If borrowing were free wouldn't the demand to borrow enter the stratosphere, creating exactly the same problem? And exactly whom would we...

I disagree to a point. Should the use of someone else's money be free? I think not. However, that's precisely the deal the banking system is getting right now so they are able to borrow at a cost of nothing and lend at a cost of a lot. What a sweet deal that must be. I'm surprised the...

hmmmm.....the way I was taught TVM is (1+R)^(1/n) gives you an annualized rate of growth that covers all years and no final adjustment is needed. As a simple example: Going Forward: $1 PV, n=30 Years, i=10%. FV calculated to = $17.4494 Go Backward: $17.4494 FV, n=30 Years, i=10%, PV...

Agree with your 31 opposed to 30 but why are you raising 12% to a 3-1 power?

My mistake. It's been a while since I've done TVM calc's but after a 2 min refresher I still disagree with your calculations. Correct me if you believe this is incorrect. i = (FV/PV)^(1/n) -1 i = ((30/1)^(1/30)) -1 i = (30 ^ .0333) -1 i = 1.1199 -1 i = 12%, and therefore, not...

And this is exactly what is repeating in the US at this exact moment. The banks are getting first use of newly printed money and buying assets with it. Since the velocity of money is below 1 there is a bottle neck in the banking system, which means banks are using the money to acquire assets...

Not sure I'm following your math. Isn't it a simple calculation as: (1.3059)^30 = 3001.22, or 30.59% annualized compounded rate kicks 1 buck up to $3,001.22 bucks over 30 years? Still hyper-inflationary per your cite.