Gross: US Addicted to Budgetary Crystal Meth

 Meet Romney's Economic Bosses, Same As The Old Bosses

SEC Sues the One Rating Firm Not on Wall Street’s Take

Demand In Germany Rebounds, August Retail In Euro-Zone Recovers

Sheila Bair Explains Timothy Geithner's Adulation of Robert Rubin

Jim Rogers Tells Larry Kudlow, "I'm much more a Capitalist than you, Larry. Let the damn banks fail!

Here's inimitable Jim Rogers being his usual testy self. At one point he looses his temper and says, "I'm much more a Capitalist than you are, Larry. Let the damn banks fail! Why are we saving the bondholders?"

Rogers also predicts Greece is not salvageable, Greece will go bust, and the Fed and ECB will waste more time and money with QE trying to backstop Greece.

James Altucher Explains Why He Believes The Dow Will Hit 20,000 In The Next 18 Months

Jim Rogers: The Next Financial Crisis In The US Will Be Worse Than 2008

Jim Rogers is short American technology stocks and one major American bank. He still likes commodities. And he says the US is in very bad shape.

Did You Know The US Federal Reserve Gave "Liquidity" To Foreign Banks During The Credit Crash?

Business/Economic/Housing/Layoff News for September 9, 2010

Meredith Whitney: Wall Street’s Biggest “Ponzi Scheme” Is How It Keeps Investors In The Dark On Their Own Investments

"The 'Ever-Expanding' Government Sector, Illustrated"

Shift from T-Bonds and into Gold and Commodities?

Gold: The Future & The Way Through

Jim Sinclair: Strapping In For The Big Move On Gold



Erin Burnett Slaps Down Rude Guest On CNBC While Another Slides By Saying, "Nothing Is A Bubble When Everybody Wants To Buy It!"

Mish: Consumers Shun Credit Cards - Credit Card Usage Drops, Debit Card Usage Rises

Dr. Housing Bubble: The Banking Stockholm Syndrome

Housing Hitting Bottom, Or Just Getting Hit?

Lockheed to cut 600 executive branch jobs

Harley Davidson looking to cut 200 jobs after settling with Unions on new work contracts allowing for seasonal and part-time workers who get half-pay and no benefits

Nassim Taleb: "The Tumor Is Bigger"

Nassim Taleb, the visionary who wrote the book "The Black Swan" before the Credit Crash heard around the world, is back after a one year layoff. Taleb has been writing a new book. And now he tells us things are worse than ever before.

Taleb thinks we are heading for a hyper-inflationary world. He says all we've done is taken private debt and turned it into public debt, and everytime that has happened in History, all ends in disaster.

This is a ten minute video interview which will raise the hairs on your arms:
Taleb says what we need to do to correct our way is "Blood, sweat and tears." Or force our democracies into austerity as we've just forced upon the Greeks.

Two Views In The Healthcare Debate: CNBC's Dylan Ratigan vs. Chamber of Commerce's James Gelfand + One Bonus Ratigan Video

Ratigan points out We the People are being left out of the current health care debate. We are haggling over values systems (abortion) to hide who is really benefitting from the current Health Insurance monopoly in this country. Lower quality, higher premiums and Ratigan asks, "Do you think your employer really cares as much about your health as you? You should be the "decider" of what type of health care you will need over your life, not the government, not the Insurance Company."

Ratigan also shows Auto Insurance commercials pitting All State vs. Geico vs. Progressive and wonders why we the citizens who can pick among competing car insurers cannot pick among competing health insurers which would drive down prices, and jack up quality? Good questions, Dylan.

Finally, I love how Dylan reframes the debate by saying, "Tell Congress healthcare shouldn't be a collective decision made by Corporate Communitsts or the National Government." Keep fighting the fight, Mr. Ratigan.




On the other hand is James Gelfand of the U.S. Chamber of Commerce who says people are afraid health care costs will go up under the Democrats healthcare plan.

Liz Clayman doesn't want to eat out of Gelfand's hand. She points out that private health insurance costs have jumped over 74% in the past eight years for small businesses. She rhetorically asks, "This is an outrage, is it not?"

Clayman then asks this corporate flack for his solution to this problem. "Well, actually it should be pretty simple. It shouldn't cost us a trillion dollars, we shouldn't have to raise taxes by $600 Billion, we shouldn't have to slash Medicare by another $500 Billion," and then he suggests we get costs under control (the same thing the Democrats have been seeking to do since the 90s), and that we do this with tort reform, regulate the Insurance companies (did he really say "no more turning people away"?), but then this blow light says there are really only 10 million people in this country who don't have health insurance. That tells me right there this shill, this sellout, is no more than a squawking parrot of people who've got free health insurance as part of their employment package (like Congressmen and Banksters and Corporate Execs), while not having any idea how many people driving taxis, digging ditches, working in bars, hotels, and convenience store have absolutely zilch health care insurance because they cannot afford the payments.

What David Lareah was for the National Realtors Association in its run up through the Housing Bubble (chief Kool-Aid dipper), so to is James Gelfand to the U.S. Chamber of Commerce. Except whereas Lareah blew happy smoke up consumers' asses, Gelfand is trying to drive spikes of fear into consumers' minds and hearts.

Ratigan talks more sense than Gelfand, no question about it.


Bonus - MSNBC's Ratigan Calls out Guest for Lying: Coming on Television and Lying is Not Journalism

Charlie Gasparino Warns Against Banks Wanting Another Bailout

Charlie Gasparino says if unemployment goes to 11%, watch out. Banks will be going back to the government for more loans. He says Wall Street hasn't learned any lessons here. He says banks aren't lending and that Goldman Sachs is now a commercial bank with cheap borrowing from the Fed which goes to bonuses and preparations for the next bailout.

Gasparino says cut the umbilical cord now. No more bailouts!

Elizabeth Warren on "Life After Tarp" or "How We've Increased Moral Hazard In The Finance Sector"

Here's hoping that Elizabeth Warren will quit teaching at Harvard and leave her Congressional post for a run at the Presidency.