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The basic point that all but the myopic have to admit is that there was too much debt taken out on over-valued assets (those same assets are now being deflated), and that debt was inefficiently allocated towards capital. There is now a massive aggregate debt that can't be paid back. So...

DAMN STRAIGHT! Finally, a compatriot that gets it.

Good luck, Port. You'll need it in massive doses. I really do mean good luck.

http://www.bloomberg.com/apps/news?pid=20601070&sid=aRCVqfSQ43Eo&refer=home

McMahon is a drunkard.

Oh come on? No one thinks the author is brilliant? Or a quack? No one feels compelled to comment on a very thorough (whether it's proven ultimately correct or not) analysis? I found this to be the single best article I've read in a year.

And you may find yourself behind the wheel of a large automobile And you may find yourself in a beautiful house, with a beautiful wife And you may ask yourself-Well...How did I get here? And you may ask yourself Where is that large automobile? And you may tell yourself This is not...

Right?

Opinions? Which is best? Anyone have experience with all three?

Wow. I don't even have to respond to Pabst now because you said everything I was about to. Ronald Reagan is rolling in his grave. These newfangled GOP bastards ruined the Republican Party Reagan revived and nursed back to health.

Hydroponic! How are you? You should be pissed off. Hasn't BC Bud gone through the roof?

Oil and gold drops are being more than offset by material, food and other energy-source inflationary spikes. The worst part of this is that producers have just begun to pass on to the consumer many of the costs that were building for the last year at the wholesale level. They tried to hold...

Yes, even a quarter point rise would definitely adjust market psychology, provide some clarity, and signal some seriousness about inflationary risks. And I doubt it would materially affect the economy in any significant way. It's an almost no-lose, win-win proposition.

Gotta' hand it to Bernanke & Co. If nothing else positive can be said of them, they sure are dreamers!!! Keep waiting for 'inflation to moderate' while doing nothing. Why not throw in a wish for a super-model hot wife and private Caribbean Island for all, and scoring 50 yardline Superbowl...

Anyone brave enough to call a bottom? I don't think we're even close given the still rising inventories of unsold homes listed on the market coupled with employment trends (down), but knock yourselves out. Think about it: Next year could very well be worse...

Add to this: 'My liberal predecessor achieved a budget surplus, while I, a fiscal conservative, vetoed not a single appropriation bill, ran the largest budget deficit in the nation's history, and oversaw 3.8 trillion piled onto the national debt in just 8 years.'

Absolutely correct.

Yes, put those Navy Ships and U.S. personnel into that powder keg, knowing how dead set Russia is to trounce Georgia. What starts out as 'Humanitarian Assistance' can spark the kind of incident that is unthinkable. US plans aid to Georgia as Russia rolls into city By THE ASSOCIATED...

It takes a lot of balls to actually knock a right call.

Say whatever you want about Putin, but he is a student of history, has big, brass balls, and is one of the most savvy politicians on the global scene today. He'll get everything he wants and more. And there's not a damn thing any other country can do about it. He said 'hell no' to BP...