Comments on: Reckless Myopia

By: Adult Franklin411

Adult Franklin411 — Tue, 01 Dec 2009 21:25:21 +0000

I so wish I didn’t agree with alfred e’s 2:55 pm comment.

By: alfred e

alfred e — Tue, 01 Dec 2009 19:57:07 +0000

I am reminded of a term being coined for our latest generation: The Entitled Generation.

Think it applies more to our current elites controlling things.

By: alfred e

alfred e — Tue, 01 Dec 2009 19:55:54 +0000

All of his recommendations are dead on.

Which is exactly why not a single one of them will be enacted.

What? Responsible government and banking? Not in this banana republic.

He correctly posits the most likely events of 2010 as a direct result.

But the MSM will still describe Benny and Timmy and BS Obama as our saviors.

By: bsneath

bsneath — Tue, 01 Dec 2009 18:33:05 +0000

This recommendation by Hussman sounds like an excellent idea:

“Second, bank capital requirements should be altered to require a substantial portion of bank debt to be of a form that automatically converts to equity in the event of capital inadequacy. This would force losses onto bondholders, rather than onto taxpayers. This policy adjustment is urgent – we have perhaps a few months to get this right.”

By: rootless_cosmopolitan

rootless_cosmopolitan — Tue, 01 Dec 2009 18:15:55 +0000

Mannwich,

And then “no one saw it coming” again, allegedly.

By: Mannwich

Mannwich — Tue, 01 Dec 2009 18:10:22 +0000

It was all about “getting back to even” and using any justification for doing so. Of course, the herd being the short-term thinkers they are, will take this way too far and something will blow up again for We the Sheeple to clean up, maybe multiple things.

By: Hussman on Wall Street’s Myopia | The Big Picture

Hussman on Wall Street’s Myopia | The Big Picture — Tue, 01 Dec 2009 18:02:06 +0000

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