Jim Rogers recommends: > "The way to solve this problem is to let people go bankrupt," Rogers said. > > "Then you will hit bottom and then you start over. The people who are sound will take over the assets from the people who aren't sound and we will start over. This is the way the world has worked...

Nobody wants to do a G7 or G20 deal. Here is why I think it will not happen... Fear! The same reason why banks are not lending with each other is the same reason why the Euro zone, or world cannot come to a single deal. They don't trust each other. And if they don't trust each other how can banks?...

The mathematics of shorting is not fair. And this is a serious issue. Let's say with all things being equal you decide to go long and short a 100 USD stock for a period of one year, and your starting capital is 100 USD. In each case we will calculate the gains or losses of each position with a...

Wait Wait I need a rate cut... No Wait Wait I need more liquidity...  No Wait Wait I need a common European approach...  No Wait Wait I need capitulation... Get the idea! When I hear these traders I just gag! I am not kidding here. Let me put it simple. The traders are up shit's creek without a...

Many people were complaining about how the central banks and Fed kept pumping in money. You know trying to keep things afloat. The reason has to do with confidence (which you already heard) and keeping credit moving (which you also already heard). Though when I hear these politicians sometimes I...

Whenever I tell people that I work in a bunker they think, "oh Christian you are working in a concrete basement and speaking metaphorically" No folks, I am speaking very seriously, I have a bunker! | | | --- | | Bunker | My buddy who visited also did not believe me, but when I showed him the doors...

Many critique Wall Street on this mess. Well, folks, yes Wall Street bears some blame, but let me remind you the reader on what was a prime motivator. Read the blog, I really want you to. This blog entry was written in February 2007, just months before this mess was about to start. > Same payment...

Time and time again I hear about how banning shorting, or restricting shorting is counter-productive and would require banning or restricting going long. I had a think about this over the weekend and have come to the conclusion it is not the same thing, but very different in two major aspects;...

You have all probably heard what Steinbrueck has said.. > Steinbrueck criticized the United States for failing to adequately regulate investment banks and said free-market policies embraced by the United States and Great Britain that emphasized a short-term "insane drive for higher and higher...

Daily Kos is a left-wing political blog, but they have a pretty good writeup of what is happening with these "credit swaps" and AIG, etc. It reminded me of reading about mortgage-backed securities about this time last year, just as the shit was hitting the fan in the mortgage market. Now I'm...