Thinking out loud, but how many jobs that were created between 2003-07 were directly the result of the housing industry? Unless the infinite debt...
What kind of nonsense reply is that? The linked article that began this thread specifically addressed the economic situation in the US and now...
Why does everybody automatically assume that we are "recovering"? Somehow slowing the death spiral of a debt collapse has morphed into...
You've been one of the few posters on this site to have a great grasp of this stuff going back several years. From the "inflate or die" days back...
I've got to agree with S2000S who seems to be in as vocal a minority as the punditry on tv who are labeled as the "doom and gloom" crowd. Yeah...
Exactly, we are covering the previous boom cycle in a parabolic state, even though the day to day activity feels as if it's going nowhere. Just...
"In a time of universal deceit, telling the truth is a revolutionary act" -George Orwell
Just think of this as 2003-07, except with a turbo booster. It's the convulsions theory at work, basically the market seems to be repeating the...
I was reading the comments section on a message board a few months back and someone made this exact same comment. He said he was in the deli at...
He can get 2 22" LCD's for $350 these days and 2 24" LCD's for $400. All with top of the line manufacturer's and 1920 x 1080 or 1920 x 1200.
"The recession ended in June" I hope was a tongue in cheek reply because all I see are sales tax receipts down and the majority of local...
True enough, however, EVERY SINGLE inane idea will be attempted before we reach that inevitable conclusion. The final act will more than likely...
Good post. It would also be worthwhile to consider that "turning the corner" so to speak or as we are being told constantly will more than...
And this assumes 5 years forward that the "real economy" is static and that unemployment doesn't increase or that wages will keep pace. It also...
And that was one of the core philosophical arguments in one of Taleb's books. The basic concept of perception of wealth as defined by one's...
Misthos really nails it. The expansion of derivatives that went into overdrive starting at the beginning of this decade is definitely a symptom...
If you pay enough attention, this whole horse and pony show of one Fed Governor jawboning a shift in policy from the consensus has been going on...
Not to step in the middle of a pissing match, but they are referring to Mark Faber, not the pundit David Faber that you mention...
Surf still has egg all over his face from his Baghdad Bob routine on the thread Pabst started almost 2 years ago. Surf's "information" is nothing...
Right, and you are the very same person who supposedly was in Vic's "inner circle" who knew absolutely nothing about Vic's status during the last...
Separate names with a comma.