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$30 Trillion was lost .... ... so far. More to go when more mortgages default.

Yeah, I was just going to reply on that one. Why did I already know that without reading the article? The only state workers who would not face a pay cut are legislators and court workers, who have their own budgets. Here's another one: California now faces a staggering $24.3 billion...

World is in a depression, so it's time to buy. http://www.cnbc.com/id/30940012 Depression Likely, but Buy Stocks: Strategist Topics:Recession | Stock Market | Investment Strategy | Economy (Global) By: CNBC.com | 26 May 2009 | 08:28 AM ET Text Size The global economy is likely in a...

I guess now they won't be needing the TARP, TALF, PPIP, SQUIK, BARF, or any of those other Fed programs.

It sounds like it came from the movie Being There. Chance the Gardener never talks about green shoots, but he uses a bunch of gardening terms to describe the economy.

So we will get ever increasing numbers of people selling financial products to one another. Yeah, that sounds workable. How's the employment outlook for mortgage brokers these days?

Debaser, Does he have a newsletter I can sign up for? Also, is he or was he running a fund that lost a lot of money in the past couple of years, or am I getting him confused with another doom and gloom bear?

Has the IRS still suspended the tax liability if you get part of your mortgage forgiven?

Anyone know the total number of employed? As more people continue to be unemployed, the number of new claims becomes a higher percentage. For example, last year if there were 50 million employed, then 600,000 was 1.2% of the total. If there are now 42 million employed then 600,000 is 1.4%.

So there is support at zero?

It started with Bush. Short memory. BTW, CC companies still make 3-5% off the top when you buy retail. Someone on another forum was saying AmEx just raised their processing fee from 1% to 6%, so he told them "Fuck you very much, bye bye".

The media is spinning everything as positive these days. There was a Barron's article over the weekend speculating that housing starts would be up 2% and how that was a sign of the bottom in housing. Today the media is spinning the record drop in starts as positive for the reason you stated.

Who needs the bond insurers when the government is perfectly willing to have the taxpayer back them up? Just ask AIG how their CDS's are going.

Yes, they should be open to taking a step down. How about law school?

Found it: http://www.investmentnews.com/article/20080710/REG/477563331 Therefore, MLPs held in IRAs receive special tax treatment. If an MLP is held within a tax-deferred account, the investor must calculate what is called the unrelated business taxable income of the MLP. If the UBTI...

Not true. I am just now going out the door, but there are some cases where you have to pay even in an IRA. I think there are limits on how much you can earn tax free on MLP's for instance. Maybe an accountant can weigh in before I get back and have to Google for details.

Might get worse before it gets worse.

By your (and RDPD's) definition then gold and silver are not assets. you buy and hold and hope they go up. Also if you hold the physical then you have costs.

We have a friend who was on an HMO from her husband's job. Her husband died and the shrink prescribed antidepressants to get her through the rough period. When her COBRA ran out she applied to get private health insurance from the same HMO. She was denied since she had been previously prescribed...

As the saying goes, they are printing currency, not money. Oh and see the thread about the Brits admitting there will be no recovery this year. http://elitetrader.com/vb/showthread.php?s=&threadid=159869