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Our deficits expand when Americans are buying shit from China and Malaysia that they don't need. The fact the trade balance has shrunk so dramatically is due to the fact Americans aren't buying shit they don't need.

That's what Cramer said about Bear Stearns. And Digital Island. lmao.

Go down to Florida or out to Nevada or California. There are tens of thousands living out of tents or their cars - in California, state workers are traveling to park and rides to tell people living out of their cars that their children still qualify for public schooling even though they are...

At least some Analcysts are speaking truthfully. This Kiesel is VERY sharp. He is personally waiting to buy a house. More deflationary expectations. -Stabilizing the worst housing market since the Great Depression is “critical” to restarting the U.S. economy, said Kiesel, who sold...

In related news, monkeys may jump out of my ass.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aiPnRs_NOF.g Wow. So much bad news. Unemployment skyrocketing at the same time consumer confidence is plunging, retail sales are plunging, and interest rates and borrowing costs in general are creeping up. It's a toxic combination...

I don't doubt that. D.C. is it's own surreal universe, with taxpayer funded bloat now and forever. I wouldn't discount adverse shocks to surrounding areas such as Fairfax, however, if things worsen (and you know I'm bearish). Downtown D.C. and the immediate vicinity will always be immune.

Uh oh. When UPS, FedEx, and now the trains and trucks aren't busy, that's a real life indicator as good as any you'll find that the economy is in the shitter, and given the current environment, is likely to remain there for a long, long time (think massive and rising unemployment, with real...

That damn Andrew Jackson, POTUS and conspiracy nut that he was. He killed the central bank as he wanted a strong national currency, and was rightfully concerned that the central bank was interfering with that policy goal. Little did he know the federal reserve would come along in 1913, via...

You must live in f**king Utopia, because I've traveled to 5 states in the last 12 months, and I see death everywhere. Do you have a unicorn and magic beanstalk, too?

Let me tell you something - I see professionals driving BMWs who have no shame whipping out coupons and shopping somewhere, anywhere, if it saves them a few bucks. There is no shame in spending less and not caring who sees you doing it anymore. In fact, spending more is not deemed foolish.

This guy (Dennis Kneale): He's the kid in high school that you really wanted to beat his ass; a know-it-all, pampered, cake eating pussy, whose parents tucked him into bed each night and told him he was the best and the brightest. This explains why he's constantly opening his mouth and...

Reeeeeaaaaaally now? Interesting. http://www.bloomberg.com/apps/news?pid=20601087&sid=a5wkbrQzm4bs China Fails to Attract Enough Buyers in Bill Sales (Update1) Share | Email | Print | A A A By Bloomberg News July 10 (Bloomberg) -- China failed to attract enough bidders in a...

•Euro Falls Versus Yen on Speculation Europe's Financial Crisis May Deepen http://www.bloomberg.com/apps/news?pid=20601087&sid=a2ayJ_3yKk5Q

Truly free markets are impossible in a global economy, with entities such as nepotistic central banks, the IMF, The World Bank, and many, many other arbiters of interference acting in self-interest and at the behest of those who are in the inner circle. Whoever controls deflation and...

It quantifies things and allows the layperson to get their head around the extent of the problem, which casual observation won't allow. If you don't want to read it, don't. But don't incessantly complain about it. The ignore function exists for a reason. Just ask Lucrum (although you're...

Actually, there are more than quite a few credible individuals who are quite skeptical of the legal grounds upon which the fed exists and exercises its (ever expanding) authority: <object width="425" height="344"><param name="movie"...

This is pretty telling, IMO. It's a new trend; everyone is doing it! Only fools would deploy capital given the massive uncertainties and the graveness of the risks posed at this moment in history. This behavior is also exactly the type that turns deep recessions into depressions if...

FWIW, her dad promised her a new car if she maintained a 3.5 GPA or better, and she's at 3.7 in her third year, which will be her final year, as she is taking a lot of credit hours per semester. She is a chemical engineering major. Morganist, I'd love to, but she's already seeing someone...

Wow. I wonder if they'll let just anyone in and if they won't scrub the questions very thoroughly. It'd be fantastic for a constitutional expert to show up and challenge Bernanke as to the constitutional legalities surrounding the federal reserve's authority, let alone its very existence...