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    • Thu Nov 27th 01:17 AM
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      Better Than the Depression? Don't Kid Yourselves
      jeff, you are worried about what? people not having enough money to spend. that's why our govt is massively reinflating.

      people not spending? sorry, this country's population was raised to consume. they may slow down for a few days, but once they see those 20%, 30% 40% 50% signs, they will be drooling. every store is already competing to find some way to keep their customers buying, they offer twelve months-same as cash or no interest leasing or lay away plans.

      businesses folding? two out of three small businesses have always folded every year. we have the greatest system in the world for recirculating employees into the economy: small businesses and our no fault bankruptcy laws. this process keeps money flowing through the hands of the lawyers and their ilk.

      our economy may contract, but we don't really make anything, do we?. we sell insurance. we sell services, ideas, condo shares, whatever. we are like those people in the future in h,g, wells' time machine. our function is to have fun and go into the shelters when the sirens go off. no sirens, no problem. all our food and supplies come to us courtesy of the underground people. so, relax, my friend. i have seen the future and it is surprisingly familiar.
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    • Sun Nov 23rd 16:48 PM
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      Manhattan Mansions Fall from the Sky - Barron's
      mdmrjsds,
      you forget that fewer employees also means fewer consumers and then you have to factor in the increasingly productive machines. pretty soon, we will not need people to produce products, anymore than we use percentage wise to produce food on modern farms. star trek here we come. all we need is a really cheap and plentiful source of energy, some room temperature super conductors and some better batteries. beam me up, scotty.
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    • Sun Nov 23rd 12:53 PM
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      Why It's Not Different This Time: Facts for Comfort
      even when big car makers sell less, there are millions of people who buy cars. the same is true of everything else. many millions of customers are drawn out by reduced prices. businesses that are well run can and will survive.

      it always amazes me when newscasters report that we will only have one or two percent growth. doesn't growth mean more? if we did well last year without that growth, why can't we continue to do well? in fact, if our economy flourished for a dozen years, all the while increasing its growth, why can't we do just as well going the other way? somebody give these people a game plan, please.

      we did not go up fifty percent in one year, so we do not have to go down fifty percent, either. check yourself. if you are business leaders, take a few minutes and call other business leaders, just to let them know that you are all going to go only to the last year's level of productivity. that's not collusion or monopoly. that's sanity. stop freaking out.

      people who have a vested interest in calamity and have purchased puts on everything will continue to yell fire in our theater. those of us with a better view and those near the exits have a responsibility to calm the crowd. there is no fire as great as the one they want us to imagine and the firemen have already turned on their hoses.
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    • Thu Nov 20th 22:55 PM
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      There's Nothing to Fear But Fearmongers Themselves
      lucky for the rest of you, my wife has not stopped buying. once she does though, look out. so far, this year, we have put in new furnaces, times two, new washer and dryer, home remodeling for the whole house, one child in grad school and we are seriously considering getting solar panels and a hybrid car. you've probably seen me riding around on my lawn mower, looking dazed and confused. wave next time.
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    • Mon Nov 10th 16:43 PM
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      Be Very Afraid of Deflation
      jason c, thanks for the history lesson.

      leh, thanks for pointing out that inflation and deflation are in the eye of the purchaser.

      theoretically, if prices keep rising for food and medical care, people should buy them quickly so they will not have to pay increased prices later. if prices are falling in computers, clothing, homes, suvs and gas, people should retard their purchases, expecting that prices will be lower tomorrow.

      unless of course, programmed american superconsumers cannot delay their gratification, in which case, they will continue to purchase everything until their credit runs out. nope, deflation does not worry me. i do not know anyone who has stopped purchasing. even the unemployed keep buying! everyone is now talking about the great bargains they are getting.

      that activity should support prices pretty soon. then, the influx of injected government capital will give everyone more money to spend. we should have another bubble somewhere by the end of 2009, but where?
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    • Sun Nov 9th 22:56 PM
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      Insights from a Derivatives Salesman
      i have no problem with risk takers who want to purchase protection or purchase risky investments. either way, they should simply be made to accept the consequences of their decisions. banks should fail. we have investors in those banks that will lose money, that's the risk they took.

      the fed can then capitalize other banks and let them assume the accounts of account holders. again, no problem there. anyone doing business with an enterprise that fails, gets screwed but that is exactly what happens to people who run businesses in america, every day.

      how many checks bounced on me in my business? how many people declared bankruptcy and never paid their debt, legally? if i paid a business for a product and a warranty and they subsequently went broke, my warranty was worthless. people, this is america, land of the get away free card.

      stop making tax payers carry the burden for people who make bad decisions. if they buy a house they can't afford, they need to beg the bank for an extension, a restructuring of their mortgage or they need to borrow from a relative or a friend to pay what they owe or they need to MOVE OUT.

      sorry, but i have enough trouble paying my own bills and i only bought what i could afford. get that? i only bought what i could afford. that's the safe way to play the game. try that from now on, ok? otherwise, don't whine when the bill comes due.
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    • Mon Nov 3rd 02:17 AM
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      The Shallowest Generation
      when you think about it, the function intended for social security and medicare, at their inception, reflected the limited available options of state of the art medicine and life spans at the time. people were expected to live much shorter lives and medical remedies had not advanced to organ transplants and life extending superexpensive drugs.

      now that government and legal measures have eviscerated the monetary motivation of intelligent people, we will have fewer and fewer doctors qualified to perform medical miracles. our pharmaceutical industries will no longer invest in research because they will be taxed and regulated out of business. so, we should be able to afford future medicare and social security expenditures again, as we will once again be living shorter lives. see, things always work out for the best in the end. life has a way of restoring order and balance.
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    • Mon Oct 13th 00:22 AM
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      What a Look Back at the Japanese Market Tells Us
      flyfarmer: there was a time when almost all the goods in england were made in america. they stopped producing goods because it was more economical to import them. they raised the standard of living in this country by consuming our goods. we are now returning the favor, by raising the standard of living for people around the globe. sure, we have lost some jobs. so did the english. we have devalued our money. so did the english. they no longer rule the waves and we have learned or should have learned in the last fifty years that we can no longer project power around the globe, at least, not on the ground. the english learned to adjust their life styles and still found a way to continue paying royal family members a yearly stipend. we can probably manage to do the same for our democrats. hang in there.
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    • Sat Oct 11th 20:48 PM
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      Reading the S&P 500's Crashing Waves
      avenger: i think you have it right. this reminds me of my days playing the horses. there's always touts hanging around telling you what the races should look like based on the old programs they are carrying in their briefcases. each race looks like it might follow the pattern of some previous race and, in fact, they do. you just don't know which pattern they will follow. why? because something is always different. the jockey is different, the horse took a dump before the race, it rained last tuesday, there is a headwind, someone bumped someone else during the turn, someone got boxed in along the rail. my friends, i think it was shakespeare who said that "our fate lies not in our stars but in our hands." take hold of the reins. show the horse the whip and lean into the turn. you don't want to go home with money in your pocket.
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    • Sat Oct 11th 19:42 PM
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      How Oversold Are We?
      at this rate, there won't be much wealth left to redistribute. most of us will be in line for a handout. brother can you spare a dime?

      wefwef, you made a great move. i moved in with my 80% two weeks too soon, thinking those a-holes in washington would vote yes. now, i have to hold on and wait for the spot to put in the other 20%. good luck to you.
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    • Mon Oct 6th 09:40 AM
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      Seeing the Other Side of the Decline
      the end is near!
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    • Sun Oct 5th 14:50 PM
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      America's Real Wealth
      to all our european friends (with special thanks to france): thanks for repaying your debts from the world wars that you started. thanks for repaying your debts for the united nations expenditures. thanks for repaying your debts for the socialistic and communistic jingoistic laws you've passed that have kept costs of trade rising over the years. thanks for getting us into vietnam. thanks for getting us into korea. thanks for proliferating nuclear problems by selling information to whack job dictators. thanks for repaying us for all the copywrite infringement you do. thanks for all the taxes you charge our corporations that have brought employment and wages to your citizens. thanks. thanks. thanks.
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    • Sat Oct 4th 23:42 PM
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      Be Like Buffett: Get Off the Roller Coaster
      just bought a g.e. washer and dryer. they will be delivered monday. i paid with a credit card, so you can count on credit flowing again, g.e. going up in value and me, in clean clothes, looking fresh and snappy.

      the bill is passed. the fed is active. interest rates will come down or stay the same. that means the dollar will get weaker and more plentiful, again. it is time to inflate the last bubble, my friends. people will rush to gold, if business picks up, and to gold, if business slows down. for safety, for value, for the last bubble, gold.
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    • Sat Oct 4th 00:26 AM
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      Sarah Palin's Stock Portfolio
      klorentz: we are all ruled by fear and ignorance. some of us are acting brave because we are afraid and some of us just don't know we're ignorant. in any case, we all agreed that you have to be crazy to go into politics. so, a positive crazy is one that can gain us some political advantage and at least be perceived as crazy by the rest of the world.

      as for assumptions, i make two of them. first, we have more safeguards on our nukes than they show in the movies. second, anyone making it through our political campaigns, without self destructing, can probably hold it together for a few more years.
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    • Thu Oct 2nd 11:05 AM
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      Sarah Palin's Stock Portfolio
      kumayoriburu: that is a beautiful argument. i loved that positive/negative analogy and i agree with your assessment of the candidates. . however, my point was that the enemy has to believe you will pull the trigger, not that you will do it. in general, anyone running for office has got some kind of mental problem. we just have to elect the "positive" crazies.

      i play tennis with an older, gentle looking, thai guy who was special forces in nam. in his broken english, he always tells me, "you look like killer." to which i respond, "yes, but you are killer." looks can be deceiving.


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