Tuesday, November 22, 2011

Mad Cramer of Mad Money comes up with an insain solution.

After the monday stock market crash, Cramer of Mad Money suggests that we want the stock markets of Europe and the US to get very bad, very quickly. Otherwise we will continue to get continued inaction and nonsolutions to the debt problems of Europe and the US.

See his opening silo of shots at the big federal governments of the world: http://video.cnbc.com/gallery/?video=3000058508

Monday, November 21, 2011

Wall Street sinks on global debt worry - Yahoo! Finance

Wall Street sinks on global debt worry - Yahoo! Finance:

And our con-gress fiddles while Rome burns.

It's not as if there aren't already a coupe workable plans out there.

'via Blog this'

The 4 Failures of the Supercommittee - Yahoo! Finance

The 4 Failures of the Supercommittee - Yahoo! Finance:

So ugly. So very ugly.

Super committee, or Super-Dumb Committee.

Both parties just love this "Russian Roulette" game where the focus is on winning elections. None of them seem to care how difficult it does for the whole of the Economy.


At least, we have an across the board cut in December. What you would want to have is smarter spending and less dumber spending. But with the game of Dumb and Dumber being the smart show in DC, that may be the best we can hope for.

Wait until we get all 70m baby boomers in full retirement mode, and then see how easy it is to cut entitlements.

We'll see what happens over the next two weeks. In the mean while the stock markets are tanking. Might be a buy opportunity in the next week or so.

There's no amount of lipstick that's gonna make this pig look any better...

And don't get me started on the dysfunctions of Europe and the PIIGS. :-(