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It's about being an owner, it's a zero sum game. Some are owners, others are slaves to debt.

A 30% haircut on the mortgages, as impossible to do in this current situation would leave banks with a 30% haircut on their portfolios. It's true that this could work, for example HSBC has been doing this where they could so that they don't get as many foreclosures, they were very quick on this...

Let's think of deflation and reinflation this way : Bob has a $2000 a month mortgage because he was stupid. He isn't spending on a new car or TV, and he has sold his stock holdings to cover his expenses. So across the board Bob has a deflationary effect on the economy. His mortgage also runs the...

There was this analyst on TV a few weeks and he was speaking of central bank intervention in currency markets. He said central banks are almost powerless in such environments. Any smart trader knows not to buy a falling knife, the PPT most likely would buy the bottom and push things...

I know I'm bumping a month old thread here, I've just discovered it. Really amazing stuff! Now I read a book a few months ago before this thread that it was shocking what the book contained. It's called "Bulls and Bears of New York". It's an old book, written in the period, sometimes late...

You didn't even bother reading the whole thread.. Btw, when people blame quality, why doesn't anyone mention suppliers? Why is it always the worker who couldn't screw a bolt on because he was lazy that's to blame for quality? It's management that's squeezing the suppliers. There's good...

Best time to buy a car then is during a recession.

Mecro I started reading some of your posting history and I respect your views very much, but what the hell is the monatery system, you've used that phrase so often. And how are people leeching off of it, and how is it doing exactly what it's supposed to do? At best what I understand it to be...

Or Shitty City :D Somehow, they are easy to hate, their bankrupcy doesn't really pull on my heartstrings. I went once there and bought 100 blank DVDs on special.

Here's a quote, paraphrased, from Jeffrey Sachs, known economist "the signs were all there for the housing and credit bubble, so why didn't us in the field see it?" It's a good question, I think the answer is because economics isn't focusing on the actual economy, or rather the financial...

So it the sum too small? Is more needed? Seems like big spending to me.

Someone always pays for it, right now its the chinese central bank who pays for the "stability".

Unions aren't entirely bad. How about the incredibly bad overleveraged gamble to push SUVs and trucks on consumers? Talk about complete lack of money management. The autos have had 20 years to get their act together, and still the best they can come up with is to cut costs with their suppliers...

Yeah, but it could still bounce.

What does confiscating your 401k and have to do with uncle Sam handling you like a baby? It's because of IDEOLOGIES like this one that we're in this deep shit, no one is able to think for a second and apply sensible solutions to sensible problems. I read something very nice the other day...

Argentina

19 posts a day, you're well on your way to becoming an ET superstar. Oh and you're on my ignore.

Maybe why they're reading Das Kapital is to better understand the relation between capital and power, it was a book about capitalism.

What settings is that accumulation distribution? It kept going straight up long after the stock completely broke technically, it seems a very long term indicator. It should instead oscillate a bit more. Another computer geek here, until recently that is. ATVI is unquestionably the best in...

Rogers is too eccentric, a smart guy would acknowledge that and turn it off, he just pisses people off. But sometimes he has value to bring, he seems like a good economic trend analyst.