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Wait, is this a pop quiz? Okay, here goes. The answer is either: 1) Nostradamus 2) Area 51 3) Jerry Lee Lewis, or 4) Joos How'd I do?

Long-term, targeted 0% interest rate policy is informally known as the 'Greenspan Shuffle.' You try to keep the pieces together, hoping to shuffle out before the SHTF. It's kinda' late for that this time around.

That's absolutely true. But that's nearly a NYC area phenomena. They built thousands of spanking new Holiday Inn Express' and Hilton Garden Inns in flyover country during the RE boom. I'm not as convinced that what's termed a 'shortage' in even New York now won't return to equilibrium (or...

There is about to be a bloodletting in the hotel industry, the likes of which they've never seen. The number of new hotels, built on 125% LTV ratios with loans from idiotic banks, from about 2003 to 2007, is astounding, and at a time when those building paid inflated prices for the land and...

Green shits....errr....I mean shoots!

Dennis Kneale is getting reamed by the online financial community. He is universally hated and that hate is well placed.

Consumption taxes will rise dramatically in the U.S. over the next decade. This is the lesson of California. Cali is in the shit partly because income tax revenue fell nearly 30%. So, people are making far less money and paying far less income tax. The government at state and the...

How sad that you can never put together a substantive, intelligent and responsive post longer than one sentence that doesn't contains the name "Obama" Jackass (I had to include that to make this post 2 sentences).

http://www.nytimes.com/2009/07/01/business/global/01eurobanks.html?_r=1&hpw Bank Woes Deepening in Europe ..ewwww...slimy bankers touching. From left, the chairman of KBC Bank, Jan Huyghebaert; Prime Minister Herman Van Rompuy of Belgium; and the Belgian finance minister, Didier...

No shit, Yellen. What pisses me off about this is the fact that Yellen was yapping her pie hole about confidence earlier today. And her comments are riddled with hedged-statements such as "well this is better, but I'm worried about this." Just count the contradictions in her statements...

The GOP really should morph with libertarians. But they won't, because they are as beholden to special interests as Dems are, and no special interest groups or business groups are going to back libertarians. Libertarians have to figure out a strategy to get the type of grass root support that...

With due respect, x 100, and much deeper into the shit, on a state level. I wouldn't be so sure PRK muni bonds are so fantastic, either, despite some exceedingly intelligent people saying they're as good as any security. I'm just thinking out loud, but does the Obama Admin and this...

You'd be smart to be serious. Palin is an albatross around the neck of the GOP. I first called it the day McCain named her as his Veep choice, with an offensive to some title, 'Who is this dumb bitch?' Had she been a male, the title would have read 'Who is this stupid bastard?' If...

Right you are. There was a piece on Bloomberg Radio that I listened to in the car tonight; banks have not yet decided whether they will accept the PRK IOUs. This whole thing would be laughable if it wasn't so incredibly galactically tragic.

California is actually going to pay many state workers and recipients of state aid (e.g. elderly who receive medical benefit reimbursement) with interest bearing IOUs.

Oh, I get it, and agree with you, with the caveat that there's really not much good it's doing, and is likely to become destructive of any credibility they may have left.

He's been lusting after me for some time, apparently. Damn closet homo just like his younger brethren, Larry Craig.

I didn't know and don't care. I'm not a groupy like many here and don't follow you around, apparently hanging on your every word and move. Sorry if I got that part wrong. Non-Rennick, full balls intact, vibrant, continent and non-wrinkled ByLo out.

So you failed as badly in a past comedic career as you did in life. Damn you stink like old people, Rennick. Did you load up another depends on creamed corn and prune juice?

Dennis Kneale is the loud mouthed, dogmatic, clueless kid everyone had in their class in high school, whose parents told him he was the greatest person ever as they tucked him into bed at night, and was the one kid who would have actually benefited from a true ass kicking.