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    Elizabeth Warren Uncovered What the Govt. Did to 'Rescue' AIG, and It Ain't Pretty

    Most Americans are too interested in what Tiger Woods is doing to care.
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    Goldman Sachs May Spin Off Proprietary Trading This Month

    They do not need to do that if they choose not to be a "bank". But then they lose access to the discount window.
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    Perpetual, I spent 100K to go to school and cannot earn income.

    http://www.examiner.com/x-25852-Topeka-Democrat-Examiner~y2010m7d30-College-grads-stuck-with-student-loan-debt-and-no-jobs Ok, I know what you’re thinking. Why is he raising points about employment and consumer confidence? It’s simple. Many of us are encouraging our children to attend...
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    Nazi Theme nightclub/lounge?

    Well Muslims are building a 13 floor victory tower right in front of the Twin Towers collapse celebrating 9/11. So maybe that lounge could go right next to it. If Muslims can do it why not the NEONAZIs? <object width="480" height="385"><param name="movie"...
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    Palin daughter breaks up again.

    No not like Typical Teenagers. Parents who know how to raise children do not have knocked up teen daughters from dating deadbeat delinquients who have drug addict parents.
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    Private sector adds 42,000 jobs in July

    Thats the problem, numbers are meaningless. If you remove 100K high paying middle class jobs. And replace them with 42K McJobs then you have a problem. And Obama is spending 22Million to train people how to offshore White collar tech jobs to asia, via a new federal program.
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    Private sector adds 42,000 jobs in July

    Those 42K jobs, what are the average salaries? Are they McJobs or 42K good paying middle class jobs.
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    Palin daughter breaks up again.

    Typical White trash stories. http://www.guardian.co.uk/world/2010/aug/04/bristol-palin-splits-with-fiance Bristol told People that Johnston's second proposal was blighted from the start when he told her on the day they became re-engaged that he might have fathered a baby with another...
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    Think $41,000 Steep For A Chevy Volt? One Dealer Wants $20,000 Premium!

    If that is the case, the government should remove the taxpayer subsides.
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    Deflation followed by hyperinflation is coming.

    Today reports show savings up, spending flat and inflation slightly dropping. All sounds good right?
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    new taxpayer funded program to help assist sending whitecollar jobs to china

    http://www.informationweek.com/news/software/integration/showArticle.jhtml?articleID=226500202 Despite President Obama's pledge to retain more hi-tech jobs in the U.S., a federal agency run by a hand-picked Obama appointee has launched a $22 million program to train workers, including 3,000...
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    Perpetual, I spent 100K to go to school and cannot earn income.

    We should do something such as Carousel. I bet the economy would improve if such a system existed. <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/xSnLU9nyFSA&amp;hl=en_US&amp;fs=1"></param><param name="allowFullScreen" value="true"></param><param...
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    Perpetual, I spent 100K to go to school and cannot earn income.

    And it is non dischargeable as well. So with unemployment or underemployment that 100K will become 800K through compounding and penalties. At that point you are better off leaving the United States and working overseas illegally. Bubble signs. Tuition is, and has been, increasing at...
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    Perpetual, I spent 100K to go to school and cannot earn income.

    These stories are popping up so often its probably best to have one thread for them. And here we meet some 49 year old lady who spent close to 100K to go to school and cannot even get a job flipping burgers so she lives in a hotel and probably soon in her car. It is a sickening plummet...
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    Why is deflation bad?

    Only if there is enough of the surgeon. Not like they are falling off trees.
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    I bought all my short puts back.

    VIX still seems kind of low and this low volume rally is not too convincing. I suspect lots of 401K automatic buys going on propping up prices. I suspect the economic news coming up this week means VIX 25+ again and more money to be made.
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    As spending by wealthy weakens, so does economy

    I am in the Married couple two earners. Boy do we pay taxes :) But it is worth it, Kids seem like a pain in the ass.
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    Why is deflation bad?

    The only way to inflate will require pure QE via Actual stimulus checks to people, not infusions of cash into banks which just end up going into treasuries getting risk free interest from free money.
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    I bought all my short puts back.

    I got a real nice return. Gonna wait for the markets to correct and vix go up. VIX 22.43 hopefully 24-25 this week again.
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