Search results

http://www.ft.com/cms/s/0beb772a-900b-11de-bc59-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F0beb772a-900b-11de-bc59-00144feabdc0.html%3Fftcamp%3Drss&_i_referer=http%3A%2F%2Fwww.bloomberg.com%2F%3Fb%3D0%26Intro%3Dintro3&ftcamp=rss Job cuts to follow...

http://online.wsj.com/article/SB125107135585052521.html What a shocker.

Their Dream, Your Nightmare For One Sovereign Individual, Economic Crisis Hits Home This Week Dear A-letter Reader, Damn it feels good to be a renter. It’s been a pretty good investment decision the past few years – sure, there’s a monthly cash outlay, but there are no property...

You may find you're viewing life through a bubble. Last year, the number of Americans with a net worth of at least $30 million dropped 24 percent, according to CapGemini and Merrill Lynch Wealth Management. Monthly income from stock dividends, which is concentrated among the affluent, has...

July 28, 2009 12:32 PM Bernanke Fights House Bill To Audit The Fed http://www.cbsnews.com/blogs/2009/07/28/business/econwatch/entry5193539.shtml Posted by Declan McCullagh Federal Reserve Chairman Ben Bernanke is strongly opposing a proposal in Congress, which enjoys the support of...

If it can happen as the result of a sports team win or loss in a championship game, just imagine what the 18-40 year olds will do when food, shelter, etc. become scarce. Their rage will be focused on banks and Wall Street, particularly. Anyone here who thinks things aren't going to get...

If things get bad enough, banks will be burned to the ground;yes, in the U.S.ofA. People who deny the possibility of this are on the wrong side of history, and in denial of the basic premise that history can and does repeat itself.

Page 2 of 2 The chart below shows the results. For the first 85 years, the bet looks like a rather unexciting trade. By 1985 it would have delivered £500, the equivalent of 2% per annum. And then comes the period 1986 to 2006. By the end of 2006 (note: before the credit crisis gets...

http://seekingalpha.com/article/157589-markets-aren-t-as-benign-as-they-look Page 1 of 2 Markets Aren't as Benign as They Look by: Tim Price August 21, 2009 | about: SPY / XLF “Remember, that credit is money.” - Benjamin Franklin. About 15 years ago, an older relative who...

http://www.huffingtonpost.com/terrence-mcnally/qa-with-michael-lewis-par_b_249538.html Terrence McNally Radio host, communications consultant Posted: August 2, 2009 02:55 PM Q and A with Michael Lewis (Part 2): There's a Real Chance There's Going to Be an Uprising I recently...

Ya' just gotta love how the financial press just runs with whatever bullshit Bernanke spins. I've yet to see a single, MSM article that seeks to challenge Bernanke's claims and allegations on the "easing of the recession." It makes me sick to my stomach that these assholes are running the...

It's a race to the bottom in terms of wages for doing most anything, from manufacturing to reading imaging films. Whichever nation is willing to have its people work the cheapest, and provide subsidies in terms of tax incentives, training, waivers of environmental contamination, any labor...

Obama is an idiot or a ruthless sociopath, in much the same vein as Cheney, and many people who supported him because of the bullshit (in retrospect) he was peddling have now realized they were punked.

I'm only sensitive to the degree that individuals like Mr. McAfee have to fend for themselves, and live and die by their own decisions/stupidity/greed/arrogance/'insert your own adjective', while others, precisely like those who still work at firms like AIG, Bank of America, Goldman (yes, even...

No problem, Robert. I say this without any intent of boasting, because it's actually nearly immaterial to me, but I personally know some developers who had net worths of at least as much as Mr. McAfee at some point in the last 7 years, and who are now BK. In fact, I'm not stretching the...

http://www.nytimes.com//interactive/2009/08/21/us/200908-beth-court.html?hp

Keep drinkin' the "long equities," "high inflation" kool-aid." What a bunch of horseshit.

Atlantic City's Hilton casino defaults on mortgage payments http://www.nj.com/news/index.ssf/2009/08/atlantic_citys_hilton_casino_d.html by The Star-Ledger Continuous News Desk Friday August 21, 2009, 1:39 PM ATLANTIC CITY -- The Hilton Casino Resort failed to make its monthly loan...

If Asset Prices Are Dropping, Why are Bank Stocks Rising? http://seekingalpha.com/article/157510-if-asset-prices-are-dropping-why-are-bank-stocks-rising David P. Goldman August 21, 2009 My favorite indicator of bank portfolio quality, the traded price of riskier assets (in this case...

Damn, no comments? This story is incredible, not just in terms of McAfee, but in general as it relates to this income group getting crushed.