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That's an interesting point...but on the other hand, I'd also have suspicions about a bank that wouldn't be willing to shell out the dollars to get the insurance as well. That just screams red flags to me personally.

wtf are you talking about. ING is definitely FDIC insured. Do you honestly think a bank as big as ING would go around doing business without being insured? http://helpcenter.ingdirect.com/ingd/Topic.aspx?category=C2BNKFDICI

I can give you 3 reasons...:) Number 1: Very little systemic panic on the banks by depositors. Arguably, the worst contributing factor on the great depression was the constant waves of runs on the bank. Number 2: The US has too high of production capabilities and too many resources. We...

Not to mention it also rose right before this huge extended rally began too.

Notice the VIX rising as the DOW approached 9000 and the S&P approaches 1000? There you go....there's your answer right there. The VIX is a measure of implied volatility. It's not just as simple as it being "inversely correlated" with the market. When the possibility of a big move is approaching...

You seem to be missing a point here. The US doesn't have to devalue its currency. The markets will determine that and the dollar is going to stay relatively weak in the next decade. On the other hand, China DOES have to artificially deflate their currency. So what happens when they can't keep it...

Really...you gonna stick with your story there? So, if tomorrow China let its currency float and it rose 50%, they'd still have all this "cheap labor supply"? Currency differential does matter since companies in the US have to translate those currency differentials back to their financial...

First of all...this entire bubble has been propped up by those "low labor countries" purposefully keeping their currencies artificially weak. That ponzi scheme has been exposed. China is not going to be able to continue to do this indefinitely. At some point they will reach the breaking point...

aahhh...I get it. Apparently only you traders that claim you are so successful and make millions of dollars have a clue what's going on with the economy. And us poor souls that have an MS in Finance and have been doing our lowly "investing" are just clueless fools...right? Actually...from my...

No Mr. Clairvoyant...my "anger' is more based on reading people who seem to constantly have the answers for everything in terms of fixing the economy, and always seem to think that those with the most information, Bernanke, Geithner...or whomever, and will call them out on their so called "lies"...

Clubber is too good for everybody here. After all...he's a successful trader. :D I wonder if he pulls trades out of his ass the same way he pulls statistics out of his ass.

No...starting a thread with "correct me if I'm wrong"...and then proceeding to blow your smoke about how "right you are about everything"...and "all these fools have no clue what they are talking about" is classic. So, essentially you pull numbers out of your ass and then proceed to talk as if...

Actually...if you are predicting doom and gloom...good luck being in Energy, Land and Agi. Oh...I forgot...the myth of decoupling is still alive in many people's flawed version of reality.

Yes...you are flat out wrong. Do you people make shit up without actually doing research first? The "baseline" scenario said an AVERAGE unemployment rate of 8.8% through 2010. The more adverse scenario had an AVERAGE unemployment rate of 10.3% in 2010. Now...if you also need a lesson in how...

Not to get off topic here but I gotta defend Hyundai's. :D Are you saying Hyundai's are shit? Actually, they are very good cars. I have a 2000 elantra with 173,000 miles on it and it still runs like a top. Every person I've known that has owned a Hyundai has loved their car. Every person...

Actually...there absolutely was almost a complete financial collapse that would have made the great depression look like a walk in the park. People can say what they want about Bernanke, but I think the guy has done a fantastic job. We may see flat or anemic growth over the next 5 years. But I...

It doesn't matter how they classify it. If the external accountant determines that an asset is permanently damaged in price, it is either going straight to the income statement or to other comprehensive income. Banks have no choice in this decision either. So even though it may be "held to...

Another thing...any idiot can see those "unrecoverable" assets on a balance sheet. It's called other comprehensive income and it isn't "hidden". It's very much out in the open and transparent as to which banks have unrealized losses.

That's pure rubbish. Banks don't determine how they "value" their assets. Independent auditors make that determination and as a whole, the external auditing group is vastly improved from the Enron days. So I doubt there was coordinated fraud going on here by banks and the auditors.

Those are very good points and one's which I agree 100% with. You're right, the orchard has been chopped down and does need to be replanted. This is something that I don't think can even be looked at right now. First thing's first....we need to build confidence back into the American economy and...