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Spot on. The "game" is to open the liquidity spiggots knowing full well that the "liquidity" will bump asset prices and trick idiots like Tinfoil, Grabass and a whole bunch of Hopey-humpers that the economy is miraculously turning around. It's the same tired game that's been played a bunch...

Gayfly would have been all over it...except when it's one of his leftist fag buddies.

Good post and on point. Alot of the criticism towards the econ profs at these Ivy League Schools is warranted. That's not to say that they aren't exceptionally bright individuals, but they are political shills. Everybody basically knows that economics has become such a corrupted...

Good catch by you and Rew. Piezoe has made this same argument in a variety of threads and I found the data suspicious. Especially the data about the average tuition.

Have you ever heard a southern black man referred to as a "redneck"?

Let's just say I'm having a REALLY hard time believing the average tuition was $7800 in 2008. I'm sure it makes the numbers "work" to average in every university in the country, but it might be more realistic to average out the top 200 or 300 schools. Private colleges and universities were...

Sort of confused on this point. The 785 SAT kid would be Prop 48. If the kid is a superstar QB, he pretty much has to go to some powerhouse college to get drafted into the NFL. Then again, these sports programs at universities might as well be separate from the university. Most of the kids...

I agree that it's pretty outrageous what cable tv has morphed into. It's encouraging to see people give them the finger.

IMO, it's analogous to arguments that were made about buying extremely overpriced real estate at teaser rates. Nobody seemed to pay any attention to what that house they were buying in 2006 sold for just 4-6 years prior. It's the same thing with these college tuition costs. It wasn't THAT...

Really good post. A few blogs have made mention of this as another backdoor type of short term stimulus. It's really all about funding current consumption with no concerns about the piles of debt that accumulate in various programs that will literally kill consumption at some future date...

I'm thinking the mods should allow Marketsurfer to return so you can stalk (er obsess) over him all day long. You seem to have really lost your way once he left.

I can't help but chuckle at how things come full circle on ET...but I'm inclined to agree to a certain extent. My real issue is that it's EXCEEDINGLY RARE for AK47 to ever acknowledge any mistakes made by BHO. Even the most rabid left wing supporters will at least go silent on an issue if...

+1. And Gabfly is still a lonely fruitcake.

And how do we know that the teachers didn't simply give him better grades because of his skin color? It's a well known fact that mediocre minority students gain admissions to Ivy League schools (or at least they did 20-25 years ago).

Seriously, how can anyone not be convinced that IQ47 is a complete shill at this point. Every fiber of his being is invested in maintaining the illusion of BHO. 24 hours a day, 7 days a week.

Not exactly. Each time the market goes out "on its own" (i.e. post QE1 and QE2) the sell-offs were substantial enough to ensure further rounds of QE or backdoor type monetizing. This latest round of buying came after the Fed's assistance with the European banking system and the announcement of...

:D :D

Both sides of the political spectrum agree on this point...which is why it never ceases to amaze me how the politico's simply take a bad situation and make it even worse. Take just about any pressing issue and you will find a consensus of opinion that something needs to be fixed...but per...

Of course. Every stealth monetization effort is another obligation heaped upon the taxpayer. ZIRP is just another transference of the accumulated savings of the responsible to try and "stimulate" the umpteenth round of refi's and teaser rates for "homeowners". The list is literally endless...

Ron the Race Hustler is just stirring the pot. He thinks that whitey is upset with a "changing of the guard" as he would put it, and not with the shambles of an economy we've got. So when they're pissed about paying $5 for a gallon of gasoline, whitey is really pissed about what's going to...