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Thanks, and for making the point succinctly. Its isn't rocket science, its works, and has done time and again yet people still want to reinvent the wheel.

Sounds like what we heard from Nader supporters back in 2000, no difference between Bush and Gore. They were wrong and it cost them big time. Is it too much to hope that we learn the lessons of history?

Margin calls all around, great interview.

You have a point which is why something like the Fairtax proposal would be better than any income tax at all but that notwithstanding it is no surprise that a country where the average per capita income is less that $1700 (and in reality a lot less than that for the vast majority of the...

I thought it couldn't get any worse than what I'd already read about Obama's plans, apparently it can.

Actually, I would argue that a progrowth and economically strong America is in the interest of everyone on the planet. A broke America that is is relegated to 2nd tier status in the world economy is in nobody's interest (except maybe some Jihadist or other such troublemakers somewhere). I find...

Those who believe that we can spend our way ou of the hole we are in are as bad as the ones who think we can "save" our way out of it. The only solution is to grow our way out and we have to do it in a much more competative world than we have ever faced before. We need a government that is as...

EMR I think you are too pessimistic, it is still possible for America to put its fiscal affairs in order and to contniue on the path of economic growth. I have travelled Asia extensively (not just as a tourist for a few weeks) and know that the world is at the beginning of a huge global bull...

I'm a free thinker too and as such all the candiadtes fail my litmus test as they all tout a god of one form or another. In Obama's case it is a particularly afrocentric god according to the preachings of his Baptist Church. Hate to make it about ethnicity but if all these college kids hadn't...

I don't see anywhere in his platform that he is intent on cutting any spending. He talks about making this and that more efficient, which in my experience with politicians means throwing more money at it and making no significant difference at all. I am ALL for spending cuts and if Obama...

http://link.brightcove.com/services/link/bcpid86195573/bclid212338097/bctid1414665553 Do Obama supporters realize that he is going to not only increase taxes on Dividends, cap gains, and just about everything else, but also get rid of the payroll tax cap? This means an additional 6.2% federal...

http://www.bloomberg.com/apps/news?pid=20601213&sid=aJSz5RahZU2I&refer=home He may have been right on buy the dip last yearalong with all the other bulls but I remember his terrible calls before he had his hedge fund. Anyone think this guy has any credibility? (How the hell did he get to...

Also wouldn't count on long bond rates moving down too much either, short end should move on the Fed cuts but the long end may even rise on $, debt, and economy weakness. Would you want to lend the US money for 30 years at 4.46%?

I think that the broader significance of this is what some are not seeing. It isn't about the down trodden bond insurers it is about relieving the tension in a huge portion of the credit market and narrowing the focus on the toxic stuff, isolating from the good stuff and allowing the broader...

As I have mentioend elsewhere on ET I have been trading positions off the Sox chart the last few months. It signaled when to get short and gave me a good target to cover some of my position. I think its worth a look.

I disagree, it puts some footing under a significant part of the market that is being threatened by the toxic stuff. Infact this is exactly what needs to happen, the wheat needs to be separated from the chaff so that the repricing can occur without taking down the whole system. As long as the...

Didn't you already start a thread on this very topic?

Bet it was FGIC that said no. They will probably be forced to take the deal by the insurance regulators. Brilliant business move on Buffet's part, probably part of his whole strategy from the beginning.

Calm down EMR, there is no free lunch. Someone is going to have to apy, the key is to figure out who and trade accordingly. And yes, as someone who sold all his RE and has been renting the last three years and is in the same tax bracket it does suck. Sarting to see some foreclosures go...

http://www.minyanville.com/articles/CS-C-db-MBI-WB-bcs/index/a/15847