For what it’s worth, and because I’m tired of getting into political debates where people create their own facts: You can write this down and see how correct I end up being in the next 5-10 years…frankly, I hope I turn out to be wrong this time. The Euro is going to continue to fall, … Read more
I posted this to a friends response about the political parties which also had a mention about technocrats. Figured maybe it should go on the blog: The honest truth is that the United States only became the worlds superpower because we were the only industrialized country not to have it’s infrastructure destroyed with two world … Read more
I had to respond quickly to this one: Ken Fisher Dubs New Normal `Idiotic,’ Sees `Great’ Decade Ahead Now, it is possible that Ken Fisher has David Copperfield on retainer. With a billion dollar bankroll I guess you could, theoretically, make the 800 lb. gorilla in the room disappear. I’m guessing it will take a … Read more
Well, at least Paul Volcker has finally caught up and is pointing out things I stated nearly 2 years ago. Again, this wasn’t hard to see coming…you just had to look at the facts.
Is anyone doing the math on this? The last figures I read are that roughly 200,000 cars have been sold under the program. The United States population was last estimated at just over 304 million people, licensed drivers in the U.S. are estimated at about 200 million, our workforce is estimated at 154,287,000 people. Cash … Read more
The Fed has just fueled the treasury bubble even more….just like they fueled the housing bubble after the stock bubble burst They keep trying to fix the wrong problem. Instead of letting risk get priced back into the economy, they just keep trying to shift the excess risk around. They are robbing Peter to pay … Read more
Maybe we should prohibit them from paying bills with TARP money as well, god forbid they use any of it to run their business. If we are going to prohibit them from spending money on advertising and other endeavors that have proven to provide a good ROI, we might as well just shoot them in … Read more
Have you noticed that Geithner’s voice cracks every time he says something he doesn’t really believe?
Bill Gross has the same silly smile on his face that Angelo Mozilo had at the peak of the real estate bubble. That should tell you something about the bond market.
Exactly what potential home buyers do they think are still out there. Most of those who would have been buyers at this period of time (in a normal market) were enticed to buy 2 years ago. A large portion of those buyers were pulled from future buying demand at that time, so we are currently … Read more