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You can bet Goldman Sachs has already slapped a lien on the scrap metal value of the gate, too.

The Butcher, Baker & Candlestick Maker :eek:

Thanks for posting this, AU. Real unemployment is 20% now. You can bank on it that Dr. Paul has pinned that number down. 1 in 5 working aged Americans who can't buy a job now. Do I hear 30% within a year or so? Let's hope not. We're already in Banana Republic territory.

That's the 'so far' known number, as the banks struggle to hide as much of their other losses amidst the events of the housing losses they still haven't digested by half, yet. On a 6.7 trillion dollar market, that's the tip of the iceberg, based on the fact that banks are NOT disclosing these...

Get down with OPM. Ya' down with OPM?

Commercial Loans Going Bad At Staggering Pace http://www.businessinsider.com/commercial-loans-going-bad-at-staggering-pace-2009-7 http://www.foxbusiness.com/story/markets/industries/real-estate/report-commercial-mortgage-dailure--year-high/

http://online.wsj.com/article/SB124804759792663783.html THE WALL STREET JOURNAL * JULY 21, 2009 Commercial Loans Failing at Rapid Pace By LINGLING WEI and MAURICE TAMMAN U.S. banks have been charging off soured commercial mortgages at the fastest pace in nearly 20 years...

I like your style. (Yes, I am serious) My admittedly cynical mind begins to drift back to the events of 6 months ago and wonder how much of the crisis was overplayed or manipulated to benefit a few, true, shrewd insiders, who I shall refer to as the doom reapers, and who are positioning...

Nobody 'saves' money better. http://www.bloomberg.com/apps/news?pid=20601213&sid=arUgjalkdR2g :D Consumers’ debt pullback is only now getting under way, said Simon Johnson, a professor at the Massachusetts Institute of Technology in Cambridge and former chief economist at the...

That was a typo above. Instead of "there going to damn the economy...," it should have read "they're going to damn the economy..." Sorry about that. The big crash is coming and affecting my syntax.

And if you think 25x Libor is bad: "CIT, led by Chairman and Chief Executive Officer Jeffrey Peek, said in a regulatory filing yesterday that the loan doesn’t solve the funding challenges and it may be forced to seek bankruptcy protection unless holders of $1 billion in floating- rate notes...

Ouch? CIT Hit With Interest Rate More Than 25 Times Libor http://www.bloomberg.com/apps/news?pid=20601087&sid=aiJwhWb4QleU

Cutting costs is the only way the overwhelming majority of private firms can meet the (even) artificially reduced earnings and profit estimates (that very low bar) the rigged game of equity analysis has set for them. Growing sales or revenues is out of the question for the overwhelming...

And this is in Britain, which has a population 1/5 the size of the U.S.; "According to the ONS, in the three months to May, 927,000 people said they were being forced to work part-time because they cannot find a full-time job. This is an increase of more than a third on a year ago and...

There going to damn the economy with faint praise like this, and yes this is faint praise given the reality, hoping they don't create shock waves that the bloody truth would create.

Subprime American cities and counties are literally running out of money. Is this going to be a replay of the mortgage crisis, and will Alt-A, and then prime cities and counties be next? (Wait, California is what designation, as a state?)

Why no Wall Street? Ahhhh. Maybe it's because he doesn't trust "America's Wall Street." Maybe Wall Street has less credibility than a jonesing coke addict.

No green shoots for the British? Is this whole green shoots thing a spotty development, or can it only blossom if the global economies of the world are moving in concert? I'm asking because there's a lot of crabgrass in places like the U.K., the U.S., Japan, Spain, Italy, and much of...

lmao!

I was down there in 2006, and it was hopping, with new roads and new subdivisions being built everywhere. At moments like these, I'm glad I was able to reign in unrealistic business models and sales' pitches, because that 20,000 per acre land is probably going for less than 8,000 now...