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All one has to remember is that EVERYTHING that has been done since the very start of this shitshow (insert start date...say 2008) has been to simply BUY TIME. It's as simple as that. Whether it's the "good cop / bad cop" routine with Eurozone shills or central bank intervention...There is no...

I think it has more to do with "crisis fatigue". A decade ago, the kind of shit Enron was pulling with a one time reputable firm such as Arthur Andersen watching their backs was a real shock to alot of people. In short order, some high profile CEO's were taken down on the backs of alot of the...

Yeah, but around here "common sense is not so common".

Indeed. We "shifted" all of that growth forward with the articially low interest rates and created such an enormous misallocation of capital that we will spend decades trying to "absorb" all of the overcapacity buildout of empty shopping malls, housing developments on the edge of nowhere and...

Not clear what you are saying...but it does seem to me that the co-ordinated action coincided quite well with the multiple downgrades of banks, in particular the foreign banks. Heck, we've had more than three months of bullshit from the Eurozone about ECB, EFSF, IMF intervention and now, all of...

PM's are bad, but embedded code inside of existing threads is 10x worse. Once that becomes commonplace, it's literally not safe to even visit this site. I honestly hope that what took place yesterday when I casually clicked on a thread and had that re-direct never occurs again, but what's to...

Same thing happened to me, I can't remember the thread title. All I know is that a large image was beginning to scroll. This is going to destroy this site if you guys can't do something about this. I've already turned off the private messaging feature and now it isn't even safe to click on...

It's a good thing Bloomberg penned the article, otherwise the pollyanna's around here would be screaming "conspiracy theory".

See GDP Deflator and... Birth/Death Model.

Just hope they broadcast the day they can most of the "journalists" at that network. Each year the group becomes more nauseating.

Right, the good old GDP deflator can make the numbers whatever they want them to be...I'm not one to let the bureaucrats tell me when we are "growing" or in recession, I'll trust what my eyes and ears tell me...We've staved off the full blown effects of this credit contraction with trillions of...

Except in the late 1970s interest rates had nowhere to go but down. Now, it's just the opposite. We're in the midst of another depression and yet we've exacted just about every stimulus measure known to mankind.

No, we don't really know what the picture is, but give me a few hours and I can probably find other photos from the 1930s that show men dressed in suits at the food line or for job applications, etc...It's just the way men dressed back in those days. My grandfather and his father wore suits...

Not to point out the obvious, but much of the angst is centered on the fact that a majority of people (who can find employment) indeed live paycheck to paycheck (if they can even do that), while a priviledged group (at the top) live off of government largesse (by way of TBTF classification)...

And what exactly is wrong with wearing a suit wherever they went? You think that it's an improvement for all of society to "ghetto out" and wear a bunch of sweatsuits everywhere to hide the fact that most men nowadays are obese? So, the guy's leaving their house would have gotten your stamp of...

Men wore suits to baseball games in the 1930's, it was a cultural thing back in those days. It's nothing to do with joblessness. The unemployment rate in the 1930s was 25+%, so yes many men who wore suits were without employment. Women were stay at home heads of the household. If they...

You were spot on in your analysis.

Susi's problem is that he's been shilling his ass off on here for months to try and make everything "go away" so he can get his perma-bullish bets to pay off.

My biggest fear would be rogue cops in some of these places. It's one thing to have to deal with the normal criminal element, but when one of these popular third world ex-pat communities goes to hell, then you've got the authorities extorting and possibly kidnapping you for ransom.

This is very true. Most Americans are extraordinarily naive when it comes to matters of personal safety. They will jaunt around the world to exotic locales, not thinking twice about how dangerous and/or corrupt some of the places they visit are... Speaking of which, there are tons of ex-pat...