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  1. R

    "I've abandoned free-market principles to save the free-market system," Bush told CNN

    "I'm ready to use socialism to save my friends who were made unbelievably rich with the free market ideology."
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    Prince Alwaleed Lost $4 Billion This Year.

    It figures the top 3 losers are indians, their stock market plunged. Only a year ago it was roaring and they were 3 in the top 10 richest people. Their wealth was the emerging market bubble, now gone.
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    Inflation drops by 1.7% in November, largest 1 mo. decline since 1947

    Marketwatch is running this as their first page news that the seasonally unadjusted CPI has fallen the most since 1932. Unadjusted is completly useless, that's why they adjust it, so that they can actually make a conclusion on it! What's worse is that now the CPI is reported as front page...
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    Report: JPM did not understand the toxic assets they bought from BSC

    I think JPM has been trying for a few weeks now trying to make themselves look bad, probably get a bailout too.
  5. R

    Iraqi throws shoes at President Bush

    Great fucking argument Aristotle, especially since Saddam was originally supported by the US. It was a battle of two unethical power hungry greedy sides, sometimes they allied, sometimes they schemed deals behind each others back. This isn't Star Wars where you can pick sides.
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    If dollar goes down, does Dow go up?

    I don't think it would be very positive, because dollar down is foreigners fleeing the US financial markets.
  7. R

    GM now says it may not have the cash to finish '08 - do not buy a GM car!

    the wage these workers earn on the floor is just a minority of the total cost of a car, and I've heard that several times, not just the UAW chief saying that they only represent 10% of the costs of a car. What he probably doesn't say is the health care costs, and that's a real problem. Their...
  8. R

    Ecuador 1st to default again...

    That's exactly why they're loaning to banana republics, so then can turn them into banana-less dictatorships. Ever heard of Indonesia? Literally one of the poorest country on earth and it pays 50% of its budget for interest on its debt. 250 million people living in slavery over there. It's a...
  9. R

    The economy must be bad!

    Is that sarcasm? She should be given a bicycle, work that ass off.
  10. R

    ET Post from THREE YEARS AGO was: SEC investigating MADOFF FINANCIAL?

    I never tried but there are a lot of these youtube downloaders available.
  11. R

    Former Nasdaq chairman arrested ---

    So much for picking a few small scapegoats to restore confidence, because it's only having the opposite effect. What the hell is wrong with these people? $50 billion ponzi scheme? How many corner store robbers even dream of something like that? Such a twisted individual, is it a requirement...
  12. R

    The more they oppose $15-$30B, the more obvious $350B vanished

    Other country's CEOs don't get paid that much, american CEOs in the 70s weren't paid that much, it is a real problem and reflective of the times! Now the stats are around 400-500 times their average employee, with such benefits why care beyond the next 5 years?
  13. R

    Repeal of the Uptick Rule: A Planned Program to Obliterate the Stock Market

    What exactly do you mean stand by on the side?
  14. R

    Zell- Tribune

    Zell isn't risking that much of his own money, I was surprised how much he was able to borrow. He got greedy is another way of putting it. I think he's risking $300 millions, and the buyout was several billions worth. He was expecting several fold increase in his bet, now he's probably...
  15. R

    Julius Baer , private bank head dies in possible suicide?

    swiss, private banking? Yeah, he was probably doing something illegal. He either got tapped by someone or committed suicide.
  16. R

    Inexpensive Plan To Create Millions Of Jobs

    Nasa these days gets $20 billion a year, and their technologies have been key to economic growth. Hell even the internet was developed by the military, I'm not saying spending money on the military is the most efficient way to create technological growth, but it has positive benefits. Nasa has...
  17. R

    China Faces Mass Social Unrest

    If it uses some of its reserves to pay for public projects it won't be able to protect its currency now, would it? There are 20-40 million migrant workers and they all need work, it's not the first time I heard something bad could happen. Also you bring nothing new to the table newguy, if I...
  18. R

    Part Time Jobs for Traders

    You seem like a smart guy Sandy, consider finding another similar paying job and ditch the car, then work on your businesses or education or trading. It's also questionable whether the propfirm is really there to help or slowly bleed you of your money.
  19. R

    Economic Enslavement in 50 Years - We Thank You B of A!!!

    http://www.youtube.com/watch?v=RdYwAXZh0ME
  20. R

    Canadian Politics - Beware America you never want to be socialists

    But that's just like an RRSP.
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