Archive - Mar 4, 2011 - Blog entry

I first published this essay in the Summer of 2009. At that time the whole world believed Obama’s Stimulus Program was working at that the stupid greenshoot recovery was underway. Today I’d like to reprint this essay because the same structural issues that plagued the US in 2009 are still valid and because this piece proved, two years ahead of time, that the US would suffer a massive economic collapse.

Until the mass of overbuilt homes and commercial properties are liquidated, credit will remain tight and unemployment will remain high. What you thought you knew about the credit situation is wrong.

The race for a piece of the growing drone pie has begun...

it's not just the Federal Reserve that is in denial but the commodity speculators, the equity investors and even the bond investors as the ALL believe they are going to get paid while MATH says that's not even remotely possible.

The Apple RDF (reality distortion field) is running at full tilt, and the pop tech media serves as an outsourced marketing arm for the firm. Actual reporting of the news, not to mention any real analysis, is simply non-existent. I debunk the following Apple.myths - Supply chain lockup = unassailable pricing, customers prefer iPads over everything else, & iPads perform better. Best of all, I actually take it to the streets to let real people decide the truth once and for all. Oh yeah, & here comes that margin compression countdown in 4 quarters, 3, 2, 1!!!

How many scientists does it take to screw in a light bulb? Too many....

The NFP was a snoozer. Today it is time to put the debate about Wells Fargo's Pick-A-Pay portfolio out to pasture. Please vote in the poll.