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This is my last post on the bullshit that is TARP and Obama's idiotic continuation and expansion of Bush/Paulson's disastrous plan. WTF!!!!!!!!!!!! IS THERE NO END!!!!! May 14 (Bloomberg) -- Prudential Financial Inc., Hartford Financial Services Group Inc. and Allstate Corp. are among six...

No shit. Maybe everyone should all just stop paying their mortgages. Are we entering a Nietzscheanism period of moral relativism, including the obligation to make our mortgage payments as agreed upon?

I'm so sick of these asshole douchebags criticizing her. She was ambushed with a question that would have provoked controversy no matter how she answered it, she gave a thoughtful, earnest and reasonable answer (whether one agrees or disagrees with it) on the spot, she has a right to her...

Actually, I think you guys are right on topic here with what Roubini is saying, but you're laying out the opposing case pretty well. I've thought at times that China's competitive advantage, in reality, is in its peoples' willingness to work harder, longer and for less than almost any other...

I was obviously among the most bearish, beginning with my 'Get The Hell Out' series of threads (ahhh...good times), but even I underestimated the depth and pace of the housing downturn. I'm not that bright, but I know specific things right now from the originating sources, and things will get...

I appreciate the significance of what you are saying, but at some point, even those who are most capable and resilient can be subject to the environment brewing around them, despite their best efforts. As to any individual person, will they thrive or sink? Fate and faith have a real grudge...

One thing is nearly certain (can I say 'nearly' certain?): Decoupling as an economic theory pertaining to developed countries and emerging economies will be proven or discredited sooner rather than later.

Only substantive feedback is allowed in this thread. You're looking for 'Chit Chat.' It's just down the hall, about 150 feet, to your left.

I never said Roubini was correct in his analysis on this issue. I simply found it interesting, think Roubini is rather astute at spotting emerging macro trends (but not infallible), and wanted to post it because his conclusions are dramatic and sweeping. I actually agree that China has...

Pelosi is not only dumb as a rock, she's even worse than that - she's a giant, f'ing hypocrite. Anyone who reads financial publications knows that she's tied into the criminal element on Wall Street through her husband.

For the record, and as almost everyone knows, I'm exceedingly bearish, and believe the economy is going to get much worse. I've been and sometimes still am referred to as a 'pessimist' (although not nearly as much as just a year ago). I don't believe that I am. I believe that I am...

•Schwarzenegger Seeks $6 Billion Loan for California, Orders 5,000 Job Cuts http://www.bloomberg.com/apps/news?pid=20601087&sid=an_EHvPk84sY&refer=home

The loss of jobs and rising unemployment is only a lagging indicator in what we've experienced as 'cyclical,' short and shallow recessions over the last 4 decades. When the downturn is structural, results in permanent changes, and isn't driven by the business cycle, mass job losses and...

http://www.nytimes.com/2009/05/14/opinion/14Roubini.html The Almighty Renminbi? By NOURIEL ROUBINI Published: May 13, 2009 THE 19th century was dominated by the British Empire, the 20th century by the United States. We may now be entering the Asian century, dominated by a rising...

Jobs. This is why we're headed for the kind of times most of us only associate with black and white films.

Ahhh, Goldman Sachs, the fourth branch of the government. Goldman Pays Greenmail to Make Snoops Go Away: Jonathan Weil Share | Email | Print | A A A Commentary by Jonathan Weil http://www.bloomberg.com/apps/news?pid=20601039&sid=apXH8S_cHhTw&refer=home May 14 (Bloomberg) --...

My Personal Credit Crisis By EDMUND L. ANDREWS Published: May 14, 2009 Edmund L. Andrews, his wife, Patricia Barreiro, and her daughter, Emily, at their Silver Spring, Md., home. If there was anybody who should have avoided the mortgage catastrophe, it was I. As an economics reporter...

London Bridge is Falling down (that's why they moved it to Lake Havasu). Now, Canary Wharf is falling down. All financial centers are getting decimated, and anyone who thinks a bottom is near is delusional. What's that Leonard Cohen song? They sentenced me to twenty years of boredom...

On a serious note, in some of the still remaining 'tonier' areas, it's all the rage to be a minimalist. If you are a conspicuous consumer, you are lame. And it's true, shit can't bring you happiness. Some things can bring you pleasure if you have a passion for them, like if you're a true...

-It’s another story in the City of London, where office rents in the U.K.’s main financial district are falling to 1991 levels as job losses and a mistimed building boom depress prices. The City already has enough empty offices to hold two- thirds of Canary Wharf, the docklands area...