Don’t bail them out. Please. Let them go into bankruptcy and figure out who they are. Charles Wheelan can put it better than I can:
The Naked Economist
-mag

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The Fourth Republic

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Over the last year I have seen two words in the news more than any others. Trust and Fear. In our technologically and socially advanced time it’s striking to see that when push comes to shove, it’s all back to the basic - the good ol’ emotions. We react almost panic-strucken to events around us, […]

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Hi,
I want you to take a look at : 24/7 Wall St.: Obama, Broke Now, And More Broke Every Day: Credit Default Swaps On US Debt

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The American people has mandated Barack Obama, the new President of the United States of America to lead them towards the future. A future where the USA lives up to its creed of liberty and justice for all, builds relationships with other nations and accepts its responsibility as leader of the free world. The history […]

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Do we give our four-year-olds vodka and guns to play with? Even Alan Greenspan and Bill O’Reilly now think we need government to increase regulation. Greenspan was shocked that capitalism failed to regulate itself. Ha. Does he have kids? Come on. It’s just amazing how people and even countries can fail to learn from other’s […]

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Thank you Fareed!

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The 11-12% jump for the Dow and Nasdaq today shows how ridiculously short-minded the American investor has become. We are way past the quarterly reporting period addiction and so deep into instant gratification that we go into an insane buying frenzy on a daily or hourly notice. And I’m not talking about Wall Street investors […]

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The Universe, the solar system, the earth and its seasons, the moon and the tides, night and day… cycles are a natural phenomenon. The economy behaves in a similar way. Because of how our collective psychology work, we experience cycles in the economy. Markets go up and down, and right now we are experiencing what […]

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From CNN today:
“It’s ($10,150,603,734,720) a very big symbol. It’s a complete failure of the system. It’s the most powerful country in the world with a conservative government for the last eight years, and it’s running the biggest debt ever.”
/Svet Stauber, Switzerland

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Laura Rowley: Wilcox argues that savers who are dutifully contributing to their 401(k) plans face a real risk, because they won’t pay taxes on the money until they retire. “It’s easy for me to imagine 10 years from now a political candidate saying, ‘We have all these people with $3 million in their 401(k) plans […]

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a) Jimmy Carter, Bill Clinton, Barack Obama, ACORN, Community Reinvestment Act (CRA) & Democrats in general that made it easier for poor people to become homeowners and then blocked the republicans from changing that policy. (NY Times Article, Video)
b) George Bush, John McCain, Paul Wolfowitz & Republicans in general that spent all our money on […]

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Re-establish trust.

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Top Guns Trading recommends too look for three indicators:
1. LIBOR needs to get back to normal in order for the banking logjam to break.
2. T-bill rates must rise before we can say things have calmed down.
3. 30-day commercial paper (non-bank) must get back down below 3%.
http://www.topgunstrading.com/section_detail.php?service=ma&section=t442

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I think it is pitiful how our elected officials in general and our presidential candidates in particular go to extremes in order to mislead the public. It is un-presidential and below them. Is it too much to ask for some *real* Straight Talk? Do they think they can’t win with out this crap? Is winning […]

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