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That's an annualized drop of (15.6%). While I doubt we'll see an annualized drop that large, I do believe we will now see truth trump fiction, and a minimum of 5% and as much as 7% declines in personal incomes, as the reality of job losses and expiring unemployment benefits sets in. The...

The problem is that you can only crash and shakeout investors, especially of the long and older kind, who do want to retire some day, before they say "f**k this noise," in a more polite way, of course, but nonetheless take their ball home instead of playing anymore. There are not nearly...

The markets are more rigged than a crooked slot machine in Reno. Banking, my boy, that's where the money is. But you have to be connected to ensure the wisemen don't tax your ass into oblivion (not taxes in the conventional sense, but rolling you over so others can pick at your carcass and...

Karl Denninger explains this latest hoax in a recent entry on his site Market Ticker: "So what's going on here? Simple: An enormous number of banks are holding loans at or close to "par" that really aren't. They're holding mortgages at massively-inflated values, even on defaulted...

Cash for breeding. Oh wait, we already have that.

-CONTINUED FROM ABOVE- You read that right! Only $400 billion of that fantastic 6 month "green shoots" stock market rally came from money market accounts. The rest ($2.3 trillion) was laundered through the banks and other financial institutions to create the appearance of recovery and to...

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=237880&t=01001105182759257730 This Depression is just beginning August 03, 2009 Skip the Happy Talk This Depression is just beginning By Mike Whitney August 03, 2009 "Information Clearing House" -- Too bad Pulitzers aren't handed...

" The unemployment rate climbed in all of the U.S.'s biggest urban areas during June, and 18 places had joblessness of at least 15%. "For the sixth consecutive month, all 372 metropolitan areas had over-the-year unemployment rate increases," the Labor Department said in its report Wednesday...

No. I won't buy anything but gold bars, stamped as authentic, and I don't know where to find them. Also, I'm not so sure gold is going to be a safe hedge when the depression hits. Gold used to have many industrial applications, and, in fact, was necessary for some applications. This...

AP ENTERPRISE: Federal tax revenues plummeting http://www.google.com/hostednews/ap/article/ALeqM5ibGXhJv-N7Qg6nh-nQpPOgJRTgugD99ROBK80 By STEPHEN OHLEMACHER Associated Press – 2 hours ago WASHINGTON — The recession is starving the government of tax revenue, just as the president...

Celenete is going to nail this call. Urban area unemployment is OFFICIALLY approaching 18% in many areas of the country, north, east, south and west. There's no way the real rate of unemployment can be less than 30% in urban centers, and 20% overall.

Anyone buying the horse shit they're peddling? THE WALL STREET JOURNAL AUGUST 4, 2009 Geithner Vents as Overhaul Stumbles BY DAMIAN PALETTA AND DEBORAH SOLOMON WASHINGTON -- Treasury Secretary Timothy Geithner blasted top U.S. financial regulators in an expletive-laced critique...

My buddy told me about this a year ago and I didn't believe it. But then I started researching it, and a lot (not all, though) of this weird, bizarre shit is true. It's some f**ked up shit. Look at how mad David Gergen gets when he finds out someone taped one of their get togethers in...

The government should just pay 50% of the cost of a new car for anyone who wants one for the next couple of years. Why not? Hell, make it 75%.

The last time Kudlow was this bullish was in August of 2007. Before that, it was in 1999. 'Nuff said.

Short long end treasuries. Whether we have a depression or not, and I think we will, Julian Robertson's trade of the decade is the right one.

"Other major automakers reported declines, including 19 percent for General Motors Co., 25 percent for Nissan Motor Co., 17 percent for Honda Motor Co. and 9.4 percent for Chrysler Group LLC." Quit wasting taxpayer money and let what will happen, happen, without trying to delay it which only...

Yeah! Woo Hooo!!!!!! Americans having their working cars' engines filled with liquid glass and destroyed, a car that they owed no or little (relatively) money on, all so they can move on up to a much larger monthly payment, when the really bad economic times are yet to come!!! Great...

At this point, I could care less. Obama has betrayed nearly every promise he made during his campaign. I forgot my own sage advice - never, ever, EVER, believe politicians, especially in this country, where special interest groups own each party. Obama is Goldman Sachs' wet dream...

Those who have technical skills and can repair things, whether ECUs on cars, or Heating & Cooling Systems in homes or businesses, ae going to be relatively better off than paper diploma holders, with a few exceptions, in the very, very rough economic times that lay ahead. Americans have...