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Texas you moron.

Fair enough. Disagree about Tin Cup though. Excellent movie. The character was not ego driven (otherwise he would have cared about the fame and glory of winning), just obsessed with hitting a perfect shot regardless of the circumstance. Just as RP is obsessed with being perfectly consistent...

Did you not get the ending of 'Tin Cup'? The point was that greatness is sometimes achieved by being stubborn (principled) and failing rather than doing the easy thing and succeeding. RP's only interest is in changing the political philosophy of the nation, and you don't do that by...

Nonsense. Productivity is higher in Northern Europe because of demographics and no other reason. This is why you needed to specify Northern Europe in your fallacious argument as opposed to Europe as a whole. If productivity was truly raised by things like a 30 hour work week, 8 weeks vacation...

There is no risk here for Berkshire, and no chance of Buffet losing money on this deal. Obama and Buffet had a private meeting three days ago and the fix is in. Buffet will shore up confidence in BAC and Obama will bailout that investment if needed. Same exact situation as with GS in 2008.

Do you not think that there are values that can be passed on through the act of raising your theoretical child? Are there no important cerebral and moral attributes that can only be imparted through the process of parenting? Is your 'superior' DNA enough to allow a productive, purposeful...

Consumption is not growth.

Cutten and Running Bears' arguments are based on the assumption that the actions the taken to get the deficit under control will have no feedback on the economic situation. If they try to tax their way out they could very well reduce revenue and spur more deficit spending on...

Pretty poor post from Cutten. As the other poster mentioned, the US debt burden is much higher than the reported $14T when the $50+T in unfunded liabilities is taken into account. Also Cutten clearly has never read or listened to Ron Paul. While trained as a doctor, Paul has spent the last 30...

Oh great. Another know nothing Ron Paul basher. If you knew anything about Congressman Paul, you would know that he readily admits to putting in earmarks to bring some of the federal spending back to his district, as is his responsibility as representative. He then always votes against the...

You clearly don't know what you are talking about. Ron Paul had no power whatsoever to "stop" the bailout. All he could do was rail against the stupidity of it and register his vote against it, both of which he did. He is the only philosophically consistent politician in Washington.

Great. Why enjoy the modern amenities and comforts afforded by hard work and discipline when you can live in a shed like a bum. Maybe this guy can "upgrade" to a nice cave someday, or perhaps revert all the way back to living in a tree like our ape ancestors. Thankfully we won't have to worry...

And then what? 80% of investment capital will be removed from the economy. Worse still, no one will take the risk of entrepreneurship or invest in America for a generation at least. Do you think the poorest will be better off then?

The problem is that they also use their wealth to force their self-serving worldview on others through government action.

The main thing to consider is that seat ownership in these exchanges no longer represents equity ownership. Seat ownership only conveys the right discounted exchange fees, with the amount of the discount determined by management of the exchange. Therefore, it is hard to predict the future price...

You did not listen to or understand the interview. Faber was talking about the value of the dollar, not the exchange rate. The value of a currency is determined by purchasing power, which Faber is saying will go to zero. Given a long enough time horizon, he is 100% correct. Faber also points...

He never said the dollar was going to zero vs the euro. He would probably say that all fiat currencies will approach zero value relative to real assets, and that the dollar is currently on the fast track, with the euro close behind. Also, Faber never implied that the dollar would under...

Of course they won't raise rates to 10%. There is no one at the fed, or in government, with the brains or balls to do what is right. My point was that the fed does indeed control (to an extent) long rates, and when Bernanke/Greenspan say they had no influence on the housing bubble they are...

This is a commonly repeated fallacy, it is patently untrue even in the absence of QE. The Fed controls the value of money. Therefore it controls, to some extent, the price (in dollars) of all assets, including long bonds. A simple example would be if the Fed raised the price of money to 10%...

Amen to that.