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lol

I never knew she was the new Maria. She does look pretty silly.

John Bogle is the fucking leech, does he contribute anything? Liquidity? Efficient markets? jobs? All he gives us is a few overpriced stocks that make it in all index funds. What's his goal, to have 100% of all investors own an index fund that never moves?

I thought the same thing, sure it's very careless, but not any more than the bailout. With the credit cards being paid out, the banks would instantly find themselves with 1 trillion in capital. The only reason it didn't happen is maybe that the credit card fees are excellent long term...

I don't understand, "inability to maintain or roll over their dollar ogligations"?

Your argument only makes sense in the frictionless world of economic theory. What happens when you have asymetric trade? One country has open borders, the other doesn't. Where will the wealth go? It will go to the one that has closed borders. Another problem is that labour is not as...

No one gives a shit about newspapers, let them burn alive. Smart people have moved to the internet for information. Dumb people didn't read them anyway.

This backlash is just the US waking up after taking it from exporting countries for 20 years. It's about time. The asian countries fully well know their development was due from the american economy overspending, if they have the least bit of decency they will accommodate a bit and won't start...

Efficiency issues aside, when the government uses its biggest bailout in history and the american taxpayer singlehandedly saves the american banking sector, the least you could do is not hire 20,000 foreign workers. This is sickening. Also immigrants today do not want to be americans, they...

no

The Great Depression had the veterans's march to Washington, and that ended with a few people getting killed.

The French were quick on this one, weren't they? Where are the americans? Who cares if towns are really big and it's hard to organize, get a few thousand people in NYC to block some roads and take it from there.

Unions are principally for people who are paid minimum wage and work in low skilled, always existent jobs. Wal Mart will never go away, but we can all make due without the predatory labor practices they follow. What is all this hypothetical talk about strong and healthy companies providing...

Reality check, this "secret ballot" has been disastrous for union representation. Since the 1970s, union membership has decreased by at least 75%. This bill actually SUPPORTS unions. What it does is make the whole process easier. Before apparently under the "secret ballot" you had to get...

It's probably flowing to bonds, which isn't all that bad. Eventually, when it's too late, they will flow back to equities. What do you expect?

I'm really interested by the mention that if the banks were owned by the government, you could net all the derivatives outstanding and eliminate a lot of them, lowering the risk.

It's certainly bad news but why are they trying so hard to report the bad news? It's like everyone is a bear now.

It's a safe position to have for sure. I don't know where I stand either, but look at the quality of the average graduate. Most BAs don't really train you for any job, it's more about lighting a passion in you that you follow on your own time. That's what the BA signifies. An online course...

It's funny because if you're speaking about Dean Baker the economist, I really respect his views. He's definitively not an elitist, he's for the general american economy and citizen. Yet he pushes the transaction tax? Man, why talk about a subject you know nothing about, he's only doing harm...

It's all related to making more profits for american corporations by weakening the worker. Is it sustainable? No, it might even be over. Now these corporations are all moving to sell to the strong growth markets.