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Great post. At the very least, investment into hard & vital assets is what needs to be done. But from my conversations, 90%+ people are clueless. If they have cash, they are looking at stocks or real estate. More opportunities for people like me then.

Exactly, Port proves once again that he is a grade A moron. Dives are steady in all times and will do just fine. NYC is feeling the pain, first go the overpriced restaurants/loungers & boutique stores. These are shutting down one after another everyday. Next come the bigger retailers...

You must be joking. So have the government run the banks for clarity & accountability purposes? Right. Like I said, it belongs in chit chat. There is a simple solution to the perverted risk/reward of how the banks are run. Don't deposit your money in those that have these issues...

The man is talking about nationalizing banks and you are wondering why I would post that comment? Insurance & guarantees by the government, oh boy. He makes no reference to the real issue, which is the monetary system. Or the fact that the economy of USA moves on paper, not real...

If wanted to do it justice, you should have moved it to Chit Chat.

You just don't get it, do you? It's over. The only real solution is to literally dismantle the monetary system and the polticial system. At best, states will secede and start from scratch, but I doubt it. What 4-8M jobs? From where? With what money? There is no real investment capital...

I know few people on ET understand how this works, regardless of their supposed RE savvy. Those projects are probably doomed but they will get finished if the loan was approved & assigned. The bank demands that it is finished, even if most units go unsold. I see the same thing in NYC...

You assume too much. There is no way out of the death spiral. And your "solution" is just a band-aid, like all the other "solutions" which were meant to buy time.

You fail to understand that the monetary system of US and every other first world nation is DESIGNED to do exactly what it is doing. It is not mathematically possible to ever repay the national debt. There is not enough cash to cover the debt. Never was, never will be. Only real solution...

It's not that there was an attempt to outfox. It's that the guys running Blackstone are playing with other people's money. What do they truly care? They already got paid huge bonuses in the previous years based on marking the value of their holdings on over-inflated asset prices. So they...

LOL what? That's a generous appraisal. Those "assets" are barely worth anything.

Correct me if I am wrong, but you can't write checks against cash held in your safety deposit box. Hence it is illiquid. I think most of you have no idea how a non-fractional reserve bank would operate. On-demand deposits are charged a fee and simply held for safekeeping. The money that...

Are you trolling or something? You can't be serious trying to daytrade with $1000 and such high commissions & fees. Take out the $1000, put it into a little gold & silver, buy some durable food and start looking for a new job. You are in no position to start daytrading, or trading in general.

Yes, and the odds are better at a real casino, at least the way you trade.

He is a finance guy. :p

Is it not obvious to people by now that these glorified trading desks are mostly hype? They all do that, take big risks and shoot for the stars. It's not their money, after all, and most of the time they have exclusive edges. I remember when the story first came out and Kerviel made his...

It's a great racket, that's for sure.

You're straight up gambling. Better odds at the casino.

It was never balanced, just made look good with creative accounting. Not even that creative, they just put the humongous liabilities in the foot notes. Has little to do with the housing crisis anyway.

LOL market guru. Enough said. What do you really hope to accomplish? Justice, LOL? Please. The only result will be the same as before. More regulation, more costs, less liberty. And those in charge of the regulation have long been bought by Wall Street insiders. Same old trick, over...