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Settle down, Ali-G.

I've always found that "we avoided a depression" argument to really lack merit. Some months back we had Kassz and Olias repeating this pablum on a daily basis. My retort is: what difference does it make if we "avert" a depression for a few years if we will inevitably fall into a depression...

I agree. That's about the best that can be done until some sanity returns to the political process (if ever, not holding my breath). Without a fire to their asses, politicians get real cozy in their positions and are quick to sell out to the highest bidder.

I'm neither as I've mentioned many times on this forum. I'm not one to fall for this contrived "two party system".

Solid post. You got right to the heart of the matter in the second paragraph. The "Hopey McChange" vote, however, caught some well-intentioned independents or "reformists" in the cross hairs who naively bought into the load of bullshit rhetoric that was spewing at the time. The "Anti-Bush"...

It certainly is more complicated, I'd agree. It's easy to fall into exaggerated generalizations in these types of discussions. Nonetheless, I think that the reaction to the reality of our financial black hole has gone a long way towards illustrating the sort of mentality at work here...

The OP is a giant turd. Just another, in a long line of we need to "stimulate the economy forever" types. He was also a POS troll that gave David Lereah a run for his money as a perma-bull real estate imbecile a few years back. I see no reason not to take these idiots out to the woodshed...

I agree, but as soon as you "break from the mold" and confront the groupthink idiocy, you have to be prepared to be labeled a "conspiracy theorist". The groupthink takes great comfort in knowing that their belief systems are widespread and held by many, no matter the lack of logic that...

The country has turned into one large crony network.

Maybe we should dig up all your asinine "great time to buy real estate" posts at the height of the bubble. Let me be the first to say that you are one stupid, fucking asshole. It would be poetic justice to see you and your kind living in a gutter somewhere. Fuck your spending and fuck you.

Exactly. They ratcheted up their gravy train when the last "guardians of the public estate" died off or slid into retirement some 20-odd years ago. The Boomer's took over and voted in their massive pension payouts and unprecedented amounts of spending and expansion. The ponzi has run out and...

This stupid kid is in such a rush to fill this site with more Hopey McChange propoganda that he doesn't even take notice of the context of a particular thread. Just a complete imbecile.

I stand corrected. Winton's numbers are good as well, especially in light of their size. I agree with the original premise of this thread "in general". i.e. funds that grow in size at some point transition into "asset gatherers" and the returns suffer. It's a notable achievement the small...

But alot of those big fund managers have those billions spread across numerous different fund entities. Alot of the better performers are definitely smaller in size, but within reason. In the sub-500 million dollar AUM scope.

Not suprised. When private sector demand dries up, we see the public sector get "real busy" with their pet projects to always ensure that their budgeting gets increased. Remember all those stories in the 1990's about how certain departments HAD to figure out ways to burn cash or else have...

Great post, you basically nailed it. I'd label it as symptmatic of "crony capitalism" or the "kleptocracy". It's a fail safe "spending device" to ensure some constant demand and to curry political favor. I hate it just as much as the next guy, but I've been watching this sort of shit become...

Weirdinsky is a combination of naivete and day-dreamer. I don't doubt for a minute that he has "invested" all of his delusions into this mentor of his. After all, to keep his fantasies alive that he can make those 3,000% returns or the even crazier "dream" of his that he told investors he made...

You can't claim slander when we USE YOUR OWN QUOTES to challenge your revisionist history. How many f'ing times do we need to repeat this obvious point to you?

+1000. The narcisstic asshole doesn't seem to grasp it. He dishes it out, but starts these pathetic "farewell" threads once he gets it in return. Time for "rear_ender" to either take it like a man or get lost.

lol, the guy is just a gold mine of bullshit and revisionist history.