Does anyone seriously think the feds can do a better job? These are the people who run the Post Office and Amtrak.

The style of capitalism that separates fools from their money.

What happened to de-leveraging? What happened to all those bubble era mistakes? What happened to all that debt consumers were carrying? What happened to the Great Correction?

For more than a year, the "recovery" bounce in the stock market has refused to give up.

At least the economic model of the bubble era made sense. The producers produced. The consumers consumed. That worked great until the consumers ran out of money.

Every line in the financial world has a hook on it.

The real estate market is de-leveraging. And that takes time. There will be periods when prices are going down. And periods when they are going up. But the overall trend will be down. It took nearly 20 years to deflate the bubble in Japan. It will take years to deflate the property bubble here in the US too.

The spenders spent too much. The savers over-did it too. They built too much capacity. Both need to make corrections.

The feds don't have any money, right? They’ve got the biggest deficits ever, and will have to borrow $2.4 trillion this year just to keep the lights on.

You work hard. You save your money. You make a product and sell it at a profit. Everybody's happy. And then, your customers, the silly spendthrifts, go broke. And what do you know? Everybody points his finger and blames you