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Panda, unless your book is titled "Keynes goes Kamikaze" it probably doesn't apply to this situation

Worldwide, is there more excess capacity than developing countries' pent up demand? Can this be quantified?

We aren't the only market for consumption. As the sun sets on us, the sun rises for others. As imports get more expensive for us, we demand less. Businessmen will sell them elsewhere and to themselves. I don't know if the Rodgers' "I'm a terrible market timer and simple investor" schtick...

The hose scene in fight club comes to mind.

use a stethoscope to find that leak, saw cut the concrete, break it out, dig a bit, cut out the bad, sweat in the new, check for leaks, back fill w/ gravel n dirt, quickcrete the slab smooth and crack a beer. 6-8 hours of time, $150 in tools, $25 in materials, $5.99 in suds.

Keynesianism got us into this mess. Anyone denying this well, I'm sorry. The synergy of deregulation along with a Keynesian goosing of the economy made for a bad mix. In a sane world, wall street gets creative, investors invest, homeowners overleverage, and all 3 get put on the...

If people are bad, and government and regulators are people...

no vaseline - got any good books to change my mind?

Barney Fife was directed at the government not No_Vaseline. Never worked at a bank. I do understand how underwriting should work in theory and the idea of risk reward. Maybe we just need smaller banks, oh wait the big ones are too big to fail. Why are rates on portfolio loans high?

Greenspan has drastically changed in 5 decades. Low interest rates created demand for higher returns which created a supply of money for creative financing. Government "supervised" the financing, so government regulating it will solve it? Hello Barney Fife, you missed it the first...

The saga continues: Dear Fellow Point Center Investors, My name is Lloyd Charton. I am an investor with Point Center. Dan Harkey was my friend and neighbor. He remains my neighbor. I retired in 2003 from nearly 30 years as a litigator, and soon thereafter Mr. Harkey asked me to...

Where are they going to get out? Show me some data showing banks on a lending spree! In that case, the crowd is expecting massive inflation. It's me and Mish and about four other people banging the deflation gong. Everybody else is screaming like it's 1980. I saw in another thread...