Frontrunning: August 11

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Wed, 08/11/2010 - 08:48 | 514902 Archimedes
Archimedes's picture

We may be in a really bad spot! I might even say we are F*^ked! I am reminded of that book title "Things fall apart" by Chinua Achebe .... 2011 is going to be nasty..if we make it till then.

Wed, 08/11/2010 - 08:51 | 514907 Careless Whisper
Careless Whisper's picture

front run this too:

she was bankrupt 20 years ago. now she's about to give her opponent a chance to work at aetna, hartford, or any of the other ct insurance companies:


Wed, 08/11/2010 - 08:56 | 514912 Headbanger
Headbanger's picture

Nahh, we know it but everybody is still enjoying blissful denial.

Wed, 08/11/2010 - 08:57 | 514917 Young
Wed, 08/11/2010 - 09:17 | 514951 Careless Whisper
Careless Whisper's picture

oh puhleeze, what will it take for peeps to realize that this guy is a total scammer? when he had his hedge fund, his wife, "the trading goddess", made all the good trades, while she sent this idiot to starbucks to get her a latte.

Wed, 08/11/2010 - 08:58 | 514919 bonddude
bonddude's picture

Wow . Finally. The way the FDIC is killing small banks

on CRE mark-downs I was wondering when the shit

would hit the fan.


Looks like the MBIA dam has sprung a few more holes

that they can't hide. 


How long before the US bailout of CMBS ?

Wed, 08/11/2010 - 09:15 | 514941 Caviar Emptor
Caviar Emptor's picture

In The Double Whammy Economy, or like we call it, Home. 

In full flower again today: ballooning trade deficit (inflationary) after the Fed downgrades the economy (deflationary). UK and CHina economies are cooling (deflationary) but both report unacceptably high CPI (inflation, Beetchzez!). There are state bailouts coming + QE lite (inflationary) while mortgage aps decline amidst record low mortgage rates (deflation!). 

What is a good ole Fed boy to do!

Wed, 08/11/2010 - 09:19 | 514955 bugs_
bugs_'s picture

go hang out with equally deluded supply-siders

sounds like this guy is "an independent"

Wed, 08/11/2010 - 10:02 | 515039 EscapeKey
EscapeKey's picture

Federal workers earning double their private counterparts

LOL! "Public employee unions say the compensation gap reflects the increasingly high level of skill and education required for most federal jobs"


Wed, 08/11/2010 - 10:18 | 515077 gmak
gmak's picture

Well that seems reasonable..... [sarcasm off]

Wed, 08/11/2010 - 10:40 | 515147 ZeroPoint
ZeroPoint's picture

Laurence Kotlikoff says double personal income taxes. I don't see how this can happen unless he wants to increase homelessness and even further economic retraction. Families are struggling enough as it is. 

How about we levy tariffs on imported junk, and thus force manufacturing back to America. At least then consumers can decide what they will pay more for instead of just having money taken away because ideaologues have drained the coffers dry.


Wed, 08/11/2010 - 12:07 | 515428 goldfreak
goldfreak's picture

thats not what he said...

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