Hmm...Let's see. Why don't we funnel money into the pockets of lenders who did not follow sound lending practice so they don't have to suffer, while at the same time hurt small businesses and make survival more difficult for them. Sounds like a great plan, gov't!!! The latest from Chris Martenson - link and excerpts: [more]
It's highly likely in the next 12-24 months that we will begin to see corporate loans default on a level comparable to subprime home mortgages. As this New York Times article examines, many of these junk bonds and loans were issued to companies that have little, if any, hope of paying them back or refinancing in the current environment. If the economy doesn't improve NOW (and it won't), the default rate will surge to levels not seen since the Great Depression (hmm...that's a familiar sounding phrase, isn't it). Here's the link and excerpts (emphasis mine): [more]
I've lamented the fact that my two boys (ages 2 & 4) are going to have to carry a huge financial burden that is being heaped upon them by both the Bush and Obama administrations. Nathan Martin makes a great point that I probably don't need to worry about these debts being pushed off on their generation. At the current rate of decline in tax revenues, coupled with the massive amounts of debt that our government is taking on, the bill will come due much, much sooner. Here's the link and an excerpt: [more]
With all due respect to the good bankers out there in CAPS land (nuf2bdangerous comes to mind), I've had it up to here with the criminal ways of our nations banks and bankers. HOWEVER, I'm beginning to think our nations leaders are just as bad, if not worse, than the bankers. Here's another article showing how disgusting this is becoming (link and excerpts): [more]
I loved the title of this article...after all, everyone knows that Jack Bauer can do ANYTHING! The author has a point, however. I don't think there's anyone/anything strong enough to break the stranglehold that Wall Street has over Washington. He gives 10 reasons (scenes) why Wall Street has absolute power over our democracy. He mentions and quotes several recent articles that I have linked in previous blogs. Link to article and excerpts (emphasis mine): [more]
I did a CAPS search for Rosetta Stone to see if the stock could be rated yet. As far as I can tell, it can't. I did however find a blog in which Devoish mentioned a desire to invest in the company if it ever went public. It soared more than 40% in its first day of trading.
It's looking like one of those days that despite lots of rosy, wonderful headlines we will be heading lower. Perhaps this finally marks the end of the bear rally?
In case you haven't noticed, there are HUGE conflicts of interest that exist at the top levels of our government. Does it make any sense to put some of the people who are responsible for getting us in this mess in charge of cleaning up the mess? Chris Martenson examines this issue and the dire consequences of continuing on this path in this article. Link and excerpts to follow (most of the emphasis mine):
America is Being Looted [more]
Some of us love you...some of us hate you...but there's no denying that those who have listened to you over the last year+ have learned a lot. Congrats on reaching this impressive milestone!
A great blog with can't miss charts comparing the current collapse to the Great Depression. Here's the link and a few excerpts. You'll have to click on the link to see the charts...again, you don't want to miss them! [more]
With the stock market rip-roaring upwards, one can only assume that by late Q3-early Q4 the economy will be on the road to recovery (we keep hearing that the market heads higher 3-6 months before the economy turns around, after all). I have a hard time believing this to be true. The good news, for me anyway, is that I'm not alone in this thinking. Nearly all of the top fools - Dwot, SpecBear, GMX, Abitare, Alstry, Deej, StatsGeek, EverydayInvestor, DemonDoug, Dexion (and I could go on and on), all believe that we are in for more pain. Most of these Fools have written exellent blogs with great research and analysis that make for a very convincing case. Chris Martenson, an superb analyst that I agree with most of the time, wrote an article today that provide a lot of support to this thesis as well. As always, here's the link and a few excerpts. You'll have to use the link in order to see the supporting charts: [more]
It's becoming more and more obvious, even to those who don't really pay much attention, that throughout this financial crisis the common man has been hung out to dry while the elite are being bailed out right and left. I believe this is what will lead to more and more rioting...even here in the US. Sean Olender wrote a great article in the San Francisco about this very topic. Here's the link and a few excerpts (emphasis mine): [more]
It appears the G20 leaders are determined to do EVERYTHING in their power to prevent deflation and reignite rampant inflation. Chris Martenson analyzes the results of the G20 meeting and what it means for the road ahead. Here's the link and a few excerpts (emphasis mine): [more]
And guess who the biggest beneficiary of this whole game is...Merrill Lynch!!! Zero Hedge has a great article uncovering what looks like, smells like, feels like, tastes like, and sounds like FRAUD! Not that anyone would be surprised that this continues to go on!!! Here's the link and a few excerpts: [more]
So, it turns out that we actually lost 86,000 more jobs in January than previously reported. That brings the Jan. job losses to 741,000. The government has revised every monthly job loss figure upward in the following months (except for February, so far), resulting in HUNDREDS OF THOUSANDS of more jobs lost than originally reported!!! What do you want to bet that the Feb. and March numbers get revised up as well? I'd be willing to bet my life savings on it!!! The numbers that the government continues to report - in virtually every area - are becoming more and more of a joke. [more]
Chris Martenson takes a look at the latest CBO projections for the annual surplus/deficit of Social Security. Though still overly optimistic, they paint a VERY BLEAK picture for the US, our federal deficit, and ultimately the dollar. Here's the link and excerpts (emphasis mine): [more]