Comments on: Economic Recipe for Financial Success in 3 Steps: Get too big to Fail, Lose as much Money as Humanly Possible, go on Government Corporate Welfare. 3 Big Economic Stories: Treasury not saying who borrowed $2 trillion, Circuit City files for Bankruptcy, and AIG getting bailed out again.

By: abdul rahim

abdul rahim — Wed, 12 Nov 2008 18:07:50 +0000

you’re a great american, dr. bubble.

circuit city had many problems besides the brokeness of americans.
wal-marts ‘category-killing’ entry into the world of high-def tv’s was a stake in its coffin

By: Bob Johnson

Bob Johnson — Wed, 12 Nov 2008 16:23:40 +0000

It’s interesting that the Wall Street Journal has become an advocate for nationalization, although a purely temporary one. This is a quote from an OpEd in Monday’s paper by Paul Ingrassia:

“In return for any direct government aid, the board and the management [of G.M.] should go. Shareholders should lose their paltry remaining equity. And a government-appointed receiver — someone hard-nosed and nonpolitical — should have broad power to revamp G.M. with a viable business plan and return it to a private operation as soon as possible. That will mean tearing up existing contracts with unions, dealers and suppliers, closing some operations and selling others and downsizing the company … Giving G.M. a blank check — which the company and the United Auto Workers union badly want, and which Washington will be tempted to grant — would be an enormous mistake.”

Although I’m not sure why it should be returned to private hands, if the government guy does such a good job, and the private sector screwed it up totally.

By: retail investor

retail investor — Wed, 12 Nov 2008 07:04:17 +0000

The CB’s around the world will inflate like never before to bring the amount of real (CPI adjusted) debt down and increase nominal asset values. There is no other solution to cure this mess anymore.

By: Ryan Holt

Ryan Holt — Wed, 12 Nov 2008 05:22:15 +0000

Dr, you forgot step 2. ‘Provide a outsized torrent of campaign contributions to the knocking shop on K street called the US House of Representatives’.

By: Tyrone

Tyrone — Wed, 12 Nov 2008 03:09:04 +0000

Doctor,
You mentioned ‘HDTV liquid plasma’. I’ve been preaching to friends that this housing/credit bubble fed new technology. And I’ve felt that the technology gadgets were coming too quickly. Yes, they can be great, but they had a price–that price was future earnings, which won’t be paid, of course.

I’ve heard the expression, “velocity of money”, but how about, the “velocity of technology”. I think the ‘velocity of technology’ is going to slow a bit.