Search results

America didn't single-handedly "mess up the economy". Its' crisis merely pulled the curtain off the global sham economy as they're exposed for what they are -- over-leveraged, undiversified, built on sand: Central/Eastern Europe, Russia, Japan, Germany, China, UK, Ireland, the Baltic states...

http://breakingnews.nypost.com/dynamic/stories/C/CANADA_ROUBINI_CRAMER?SITE=NYNYP&SECTION=BUSINESS&TEMPLATE=DEFAULT&CTIME=2009-04-07-22-44-55 TORONTO (AP) -- CNBC's Jim Cramer has another feud on his hands. Just weeks after "The Daily Show" host Jon Stewart took Cramer to task for trying...

Then bury your plans of trading other people's money for the next couple of years. Stick with your own funds and build a track record over 3-5 years and get it audited. With decent results you can then re-visit your capital raising plans.

Not as ludicrous as expecting 3rd party investors to place money with him -- investors who have the choice between investing with one of 10,000 CTAs with audited track records > 5 years or investing with a greenhorn garage setup with no track record whatsoever.

:cool:

Cramer on Dykstra:

Yes, this is where they're coming from. Haunted by the ghosts of Weimar: Weber & his minions are yapping about inflating since 2005 and have never even slightly changed their rhetoric. Not even after the Summer of 2008, because that would mean admitting their own grave policy errors.

You had the "free market approach" at work for about 48 hours in the middle of September when Paulson let Lehman goto hell as he thought markets were properly prepared. Within 72 hours they did a 180 and bailed out AIG, injected a couple hundred billion in all major US & UK banks, bailed out...

Stark's last name means "Strong" in German. Maybe he's of English descent though, since the English definition of "Stark" fits him much better: - "severely simple" - "devoid of any qualifications" :cool:

http://www.csidata.com/cgi-bin/GetCorrDiffDetailPage.pl?page=start

US? I'd say global trend growth. Who are emerging markets going to export to over the next 10 years if US and European consumers go into starvation mode? Trade deficits (Western world) and surpluses (emerging markets) are a zero sum game.

In 1940, Göring promised Hitler he would "deindustrialize" Great Britain with his Luftwaffe. He failed. Almost 70 years later, the Britains are in the midst of achieving what Göring didn't :cool:

China doesn't offer any Yuan denominated government debt. How is it going to become a reserve currency when nobody can invest their reserves in their debt? At some point they will offer Yuan gov. bonds to foreigners, but even then, shifting international reserve assets may take decades.

Government debt in Japan is 180% of GDP. JGBs still yield what like 2.0%? :cool:

Bove is classic. Recommended LEH at $20 "buy of a lifetime" :cool:

Answer this question: It is so far out of this world to assume that Mellon's laissez-faire inaction contributed to the sharp negative GDP growth and steep deflation of 1929-1933?

So much for "just sit back and let the system clear out itself, markets are self-healing and never fail".

A short description of Andrew W. Mellon, Secretary of the Treasury from March 4, 1921 until February 12, 1932. Does this sound familiar? Sounds like a Bloomberg interview with Jim Rogers on "how to solve today's crisis": http://en.wikipedia.org/wiki/Andrew_W._Mellon: "Mellon became unpopular...

Preview of downtown Barcelona, 2015

Good to know. At some point in the not too distant future those EUR 5m Marbella 5000 sqft mansions will go for 2m EUR as Spain will be slowly transforming back into the wasteland it was pre EU/1980.