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I can agree with the overall jist of it, but no way on earth is $1million equal to $100k 20 years ago. Maybe you are only 20 years old, so 20 years ago seems like a "lifetime" but prices aren't so out of control yet that I would go that far. If you said 1970, I'd go with that.

And nothing's changed, even after throwing trillions at the problem. Debt that will strangle all of us to death for no useful purpose whatsoever.

It would be comical if it weren't so tragic how every couple of years billions upon billions of dollars go "missing". Somehow, we all know they are finding their way into the "shadow" system.

Agree with the sentiment that these kids with their inheritances that are willing to give away their money is something of an absurd joke. To the last point about the tax money just going down a sinkhole of unaccountable pet projects, that really gets to the heart of the matter. Any time the...

Your numbers are a delusional fantasy. Chaosclarity's opinion on the matter is how the real world of corrupt tax and spend actually works.

Maybe they just put his namestake son on the ballot and confuse the living shit out of the mostly braindead voters.

The situation is completely hopeless since we can't even get past the first inning of how to fix these problems in a "grown up" manner. The whole charade is just endless demagoguery. I guess the most comical aspect of this is what a short term memory Hopey and his handlers have...it wasn't...

Good post.

Yeah, there is plenty of ready made wainscotting available, especially the beadboard stuff that has become very popular. It's not at all difficult to install, the only tricky parts are making the cuts to provide openings for electrical plates, but again that is nothing too difficult.

And to the regime prior to that and so on and so on. But I guess the "next election" will put an end to all of it right?

Yes, much important to get stock market index to new high so that consumer know that economic recovery.

Good call. Something didn't sit well with me either when I read about the exact same closing prices from 2008 last week. It doesn't imply that things aren't dire, just that the herd was trapped.

You must be new to trading then. Maverick74 Registered: Mar 2002 Posts: 10421 02-11-11 06:46 PM Huh? In 2000 that was the 8th year of the bull market that started in 1992. Over that 8 year period the market was up about 400%. The average bull market lasts about 7 years. We are...

You still think we're in the 3rd year of a 7 year bull market?

As can be surmised by Maverick's somber mood today, the sky is falling. There is a pretty strong faction of anti-ZH'ers here. I sometimes suspect it's a coping mechanism to try and shoot the messenger of all things "doom and gloom".

A few months ago you made it a point to ostracize anyone who read ZeroHedge, now I see you linking his articles and even quoting the TD.

He's bi-polar, give it a few hours or days and he'll make the exact opposite argument.

When you throw in the number of people who have strategically defaulted on their mortgages as well, I think you can see where alot of the additional money for consumption has emerged.

The amazing part is that retail has been de-leveraging even with the alphabet soup of federal programs to try and dampen the velocity of the de-leveraging. Even the smallest of pullbacks in retail leasing was enough to blow up a bunch of heavily leveraged commercial REIT's and/or lead to one of...

Obama only cares about the appearance that he cares about jobs, and most importantly the approval of the unions who want to believe that he "has their back".