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The World Bank wanted 100 billion but only got 32 billion (for now): http://www.marketwatch.com/news/story/World-Bank-EIB-EBRD-pledge/story.aspx?guid=%7BE16909BD-CAA7-42F1-A2B5-AE0EBE7D077F%7D

Bastards!!

Useful post - thx.

Btw, isn't it ironic that one of the few legitimate functions of government - to regulate and stimulate economic activity - is one of the few functions that they almost universally do not touch (in the US at least)? The politicians will jump in and bloat our economy with nonproductive...

I don't think it's corruption overall. I think that this is all being orchestrated. I don't mean in a wacko conspiracy sense, but I think that growing the rest of the world has been a strong financial goal of the elites for decades now. They have struggled as to how to do it a la the latin...

It's not his jowls that were big. It was his cajones. He's one of the few central bankers to stand up to the politicians, his fellow bankers and scores of Wall Street types. There's a few around the globe that are cut from the same cloth - Mexico's central banker is another example - but...

Nicely worded. If you think about it, the idea of "protectionism" is strictly defensive. America's strength has always been in its offense, not its defense. I have always said let us compete. But, again, you have to have a level playing field and currency pegs is not an example of that...

Makloda is right: the answer isn't protectionism. Imo the answer really lies in forcing China to slowly unpeg their currency which will then in turn force us to do some things that we should have done years ago. And I emphasize "slowly" so that the entire universe doesn't implode. But the...

WSJ has an article today that a bill will probably come soon to put a limit on outsourcing. Infosys and others are actually looking to hire Americans stateside in anticipation of such an event...

Definitely. This was clearly planned since the time of at least Nixon. Didn't mean to imply anything different...

Those numbers are incredible. I don't see how that is possible? It looks like it is saying that some of these banks could quite easily have bad assets that exceed the GDP of their countries??? If so, that is scary poop and I'm heading for the Mosquito Coast...

Thank you. I was actually looking for something I could research!

Yeah but think of the situation Europe is in: much uglier...

Here's the top part of link: ETFguide.com Most Profitable Mutual Funds Ever Friday February 20, 10:55 am ET By Max Rottersman HANOVER, NH (ETFguide.com) - The highest mutual fund advisory fee, of all time, was collected from the Fidelity Magellan Fund (Nasdaq: FMAGX - News). In...

Guys, If you want yet another reason to trade, look at the raping and pillaging in the mutual fund industry: http://biz.yahoo.com/etfguide/090220/183_id.html How can people pay these kind of fees for such pitiful performance? I just don't understand my fellow humans sometimes. They...

It gave us MCD, which is doing quite well thank you!

Guys, What sectors would you say that the US is still the undisputed leader in? Military and defense comes to mind for example. But we have shed leadership in so many industries that it's becoming a shorter and shorter list at this point. Where are we still king for the foreseeable future?

What's so interesting is that you guys are bringing up the subjects that will make or break us. I think there's a lot of sobriety on Capitol Hill, because they know our country is at a true turning point. How we handle this will turn us into a stagnant Europe or a new leader of the global...

Makes sense. This is a big chess game. The US can achieve most of its same goals just by scaring everyone. Same thing, for example, that the music industry did with suing college students over filesharing mp3's. They tried to decrease the traffic by using the few as an example without...

Absolutely...