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  • Where's the Bottom? Still Anybody's Guess
    Once again, I will state this without all the hype. We are not going to collapse; we are going into a long phase of reduced expectations, because we don't have the money we thought we had. A lot of people thought they had it made, which is always a mistake. The times ahead of us will simply prove once again that there are ups and downs in any economy; this one is simply deeper, wider, and will be longer than any we have seen in a long time. Welcome to the real world, folks.
    Sep 24 13:55 pm |Rating: 0 0 |Link to Comment |View article
  • Don’t Buy What Wall Street Is Selling
    I like this article. Why?, you may ask. Here's why: Mr. Hutchinson is obviously an expert in financial matters, and he has written in this article the details of what I could only intuit, all those months ago, when I was writing what amounted to red flag posts, to this and other financial sites, screaming that it looked a hell of a lot to me like the whole financial system was headed for the sewer. Well, the entire financial system IS now IN the sewer. There is literally no telling what avalanches of losses are coming next, due to the criminal wrongdoings of investment pogues of all stripes. This beats anything I have ever seen, and I have been around a long time. There is only one answer to this: Long, long prison sentences.
    Jun 18 12:34 pm |Rating: 0 0 |Link to Comment |View article
  • May Take Several Years for the Financials to Work Out Their Kinks
    Five years, minimum. Ten years, not out of the question. Never, again, the same, and probably just as well.
    Apr 09 14:29 pm |Rating: 0 0 |Link to Comment |View article
  • Homeownership: The Root of All Evil, or the American Dream?
    There are many people in the financial and real estate communities who want another cycle to start, before this one can run its necessary course. House-prices must fall 50%, from 2005 levels, or we are going to have to go through yet another correction, in a few years. And that cycle will require a fall of 70%, from 2005 prices. We can pay now, or we can pay even more dearly, later. There is no apple pie, cotton candy alternative. Everything financial in the U.S., as well as elsewhere is in the stew pot, this time. There are no escape hatches, and no amount of false, misleading, and overly optimistic bull-talk will change that, this time.
    Mar 18 13:49 pm |Rating: 0 0 |Link to Comment |View article
  • Bear Stearns Sale a Real Pain for Employees
    Jail is the place for executives who ruin other people's lives.
    Mar 18 13:37 pm |Rating: 0 0 |Link to Comment |View article
  • If Presidential Candidates Were Stocks
    Would you buy a used car, from ANY of them?
    Jan 10 11:39 am |Rating: 0 0 |Link to Comment |View article

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