Archive for July 30th, 2007

Cramer: Underwater on your house? Walk away [Oh, and plow under the Inland Empire]

Cramer gets religion- You’ll love this one: Edit: Updated to use a new source.

The Crack of Doom – Week of July 30, 2007

Tom Peters said, "If you’re not confused, you’re not paying attention." If he hadn’t already thought of that one, somebody commenting on the markets last week could have had a first. Still, we’re heading into August, when the Wall Street A-team heads for the beach and the hills, come what may. This morning’s calm could well be the calm before the calm.

Can We Afford the War We Want?

Can We Afford the War We Want? – IPartial Transcript of AEI Seminar "Can We Afford the Military We Need?" "Someday this war’s gonna end …"               Calculated Risk commenter AllenM’s signature line, borrowed from Apocalypse Now (1979) For many years, this blogger has felt that the greatest threats to the security of the Western world were economic, not political. Others have shared this concern. For example, MarketWatch’s Paul B. Farrell recently summed up [1] the difficulty as follows. "Foreign banks are dumping dollar reserves, while we gorge on cheap toys and bad pet food. Actually, our biggest "terrorist" threat is internal:…
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