StupidityAndGreed

23 Comments

    • Financial Crisis: Getting Old [view article]
      Ps.
      The preponderance of investment professionals desperately trying to spin this crisis, as they sense their careers going down the dumper, is pathetic.       Aug 22 07:56 PM
    • The End of U.S. Financial Domination [view article]
      Finally, someone calling it like it is. Unfortunately people still seem to be missing the big picture. The US government (through the Fed) has, over the last 2-3 decades, fabricated the illusion of massive American wealth. By playing on the fundamental greed of the American citizen they lulled them into a sense of complacent disinterest which allowed the government to pursue a reckless and immoral foreign policy that would otherwise have been untenable. Now, as the structure collapses, it is trying to "spin" this whole stinking cancerous system as fundamentally healthy. In a desperate attempt to convince people that the "shit don't stink" they are using every means at their disposal , from bandaid Fed intervention to CNBC media hype (manipulated by spin artists like Hank Paulson and corporate CEOs who have gotten rich on this ponsy scheme). It doesn't matter one bit. The entire US economy is a house of cards and no matter how much it is spun the "intrinsic value" of the US will eventually be reflected in the market, massive deficit and the failures of foreign adventures included.

      BTW, this is virtually the same strategy used by Hitler when he lulled the German people to sleep by appearing to build the economy as he consolidated power.       Aug 21 07:16 PM
    • Nassim Taleb and the Ubiquity of Moral Hazard [view article]
      The big problem is that people think of moral hazard as some kind of abstract "righteousness&qu... It's not, it is a direct and real consequence of trying to manipulate the economy. The latest manipulations by the Fed cannot simply, and by magic, erase the consequences of previous bad decisions that created an illusion of wealth and lulled Americans into a sense of complacency while their government pursued reckless foreign policies that would have otherwise never have flown. The piper must be paid and trying to create the illusion that this can be avoided will only make the impending collapse of the system that much more catastrophic. Good luck Aholes. Aug 20 09:14 PM
    • Is There a Margin of Safety in Financials? [view article]
      The whole thing stinks so bad I can't believe people still think this is nothing more than normal correction after which the bull market will resume. The obvious panic in the Fed and blatant lies coming from Paulson as he tries to spin the economy back to life say it all. It's just a matter of time before everyone figures out that sticking a finger in the dike won't avert the impending catastrophe. Doing everything possible to keep the US go out of the deep recession that is a necessity after decades of artificial expansion (through credit) will only make the fall harder. There is no avoiding the pain on the horizon. Aug 17 03:40 PM
    • Credit Makes the World Go 'Round [view article]
      The religion of consumption is imploding and good riddance to a society that thinks owning more things is the path to happiness. The whole system is a house of cards which is collapsing... slowly but surely. Aug 12 08:22 PM
    • Don't Just Do Something, Stand There [view article]
      Yes but... Crammer said the market has bottomed, Kudlow says we have a "Goldilocks" economy and Maria Bartiromo always manages to interview bullish portfolio managers who's livelihoods depend on a healthy market. What more do need to convince you that all is well?

      [ED: edited for abusive language]       Aug 12 08:13 PM
    • Financials: Bottoms Happen When Everyone's Convinced They Won't [view article]
      You must be right... Crammer said the market has bottomed, Kudlow says we have a "Goldilocks" economy and Maria Bartiromo always manages to interview bullish portfolio managers who's livelihoods depend on a healthy market. What more do need to convince you that all is well? CNBC is a piece of immoral garbage and a big part of the cancer of greed and consumption that corrupts the US to it's core. I love how they are trying to fuel the greed needed to pump the market by airing half a dozen programs glorifying excess and conspicuous consumption. What a pathetic society! Aug 12 08:11 PM
    • The Herd of Lemmings, Part II [view article]
      Yes but... Crammer said the market has bottomed, Kudlow says we have a "Goldilocks" economy and Maria Bartiromo always manages to interview bullish portfolio managers who's livelihoods depend on a healthy market. What more do need to convince you that all is well? CNBC is a piece of immoral garbage and a big part of the cancer of greed and consumption that corrupts the US to it's core. I love how they are trying to fuel the greed needed to pump the market by airing half a dozen programs glorifying excess and conspicuous consumption. What a pathetic society! Aug 12 08:04 PM
    • Have We Reached the Turning Point? [view article]
      Oops I take that back. I didn't realize the headline was sarcastic. Aug 11 03:56 PM
    • Don't Just Do Something, Stand There [view article]
      Ps I spotted the fact that the heads of the big banks where lying through there teeth 3 months ago during the last set of earnings reports. Everyone was talking about the "March bottom" and that the worst was behind us. Of course when people started to figure it out we hit a new low. The idiocy of this recent move just goes to show why Americans no longer deserve to sit at the head of the world table. Their own greed will be their undoing. Aug 08 05:06 PM
    • Don't Just Do Something, Stand There [view article]
      The fact that the fundamentals don't support a return to bullishness has no relevance whatsoever. The entire might of the US political machine, those in the private sector that have profited from the most recent counterfeit expansion of wealth, and the media this has fueled the whole thing have pooled their resources to "spin" another upward drive in the market. That's great because when it starts to peter out, as it surely will, the opportunity to short will be a gift. Aug 08 05:01 PM
    • Crunching the Numbers: It's Not a Recession [view article]
      I spotted the fact that the financial big boys were lying through their teeth 3 months ago when they claimed the worst was over. The government is no different than a CEO desperately trying to salvage the companies stock price by bolstering sentiment. They have been spinning the whole economic/financial downturn from day one. In fact, the government has been misleading the public on virtually every front since Bush got elected so why would you give recent economic "reports" any credibility whatsoever? Jul 31 04:58 PM
    • XLF Volume Spikes 3.3 Standard Deviations Above Mean Yesterday [view article]
      Yippie!!!!!!!!!!! It's all over and everything is OK. The easy money is back to stay. Time to buy the XLF. Jul 16 04:03 PM
    • Today's Market: Living in Interesting Times [view article]
      I can't believe that so many educated people fail to recognize the fundament nature of economic catastrophe. Economic catastrophes occur because they never look the same way twice. While politicians, lawmakers and the media rationalize that the current situation can't be that bad because it does not resemble a previous economic disaster (like the depression) they fail to recognize that, by nature, each new calamity is fundamentally unique. This is NOT the 30s or the 70s. It is a new century and what we are in for has the potential to be more horrifying than anything in the past primarily because no one can grasp the significance of what is occurring. Talking about how everything is OK and the fundamentals of the economy are in good shape represents the pinnacle of stupidity and self delusion. The easy wealth and soft lifestyle the US has enjoyed for the last 40 years is OVER.
      Stop dreaming that there is a silver bullet and face the music. pinnacle       Jul 16 03:24 AM
    • Have the Financials Found Their Bottom? [view article]
      Ps You suckers did it to yourselves when you let your government dupe you into thinking you could fight a loosing war, run up a massive deficit and not pay a price. Jul 02 06:31 PM
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