It's morning in Obama's America

[CountDeMoney]

I'm pretty sure the losses suffered on CDS were a fraction of total losses.

You'd be wrong.

[Razgovory]

Whoa, what happened to Camper?  Did something happen to Camper when I was gone?  I mean, I know he's not here now, but I thought he was one of the ones who just wandered off (like Vinraith, or Hamilcar, or me, for that matter).

He worked at Washington Mutual...

[Ideologue]

Whoa, what happened to Camper?  Did something happen to Camper when I was gone?  I mean, I know he's not here now, but I thought he was one of the ones who just wandered off (like Vinraith, or Hamilcar, or me, for that matter).

He worked at Washington Mutual...

Ah.  Actually, I think I kind of remember this now.

[DGuller]

I'm pretty sure the losses suffered on CDS were a fraction of total losses.

You'd be wrong.

He is right, of course.  CDS losses were a fraction of total losses.  A fraction close to 1, but a fraction nonetheless.

[The Minsky Moment]

And I'm pretty sure I'd already predicted an economic collapse by that point.

No doubt.
You've successfully predicted ten of the last two economic collapses.   

[Ideologue]

And I'm pretty sure I'd already predicted an economic collapse by that point.

No doubt.
You've successfully predicted ten of the last two economic collapses.   

[KRonn]

Whoa, what happened to Camper?  Did something happen to Camper when I was gone?  I mean, I know he's not here now, but I thought he was one of the ones who just wandered off (like Vinraith, or Hamilcar, or me, for that matter).

I remember Camper too.

[Siege]

Malthus predicted the collapse of China back in 2001.

We are still waiting.

[Phillip V]

Half of U.S Lives in Household Receiving Government Benefits

'The pool of Americans relying on government benefits rose to record highs last year as an increasing share of families tapped aid in a weak economy.

Some 48.6% of the population lived in a household receiving some type of government benefit in the second quarter of 2010, up from 48.5% in the first quarter.'

http://blogs.wsj.com/economics/2012/01/17/nearly-half-of-u-s-lives-in-household-receiving-government-benefits/

To combat prolonged economic weakness, Congress extended unemployment benefits to a record 99 weeks (up from the normal 26-weeks offered in most states). The food stamp program was tweaked so it was more generous. Americans flocked to Social Security disability, a last bastion of support for some of the long-term unemployed.

[garbon]

I was one in 2010!

[MadImmortalMan]

Lemonjello was a pretty big optimist back then.

[Phillip V]

Fed Signals That a Full Recovery Is Years Away

'The Federal Reserve said it was not likely to raise interest rates until the end of 2014, adding 18 months to the expected duration of its response to the slump.'

http://www.nytimes.com/2012/01/26/business/economy/fed-to-maintain-rates-near-zero-through-late-2014.html?hp

[Ideologue]

Lowering the interest rates: a complete and total solution to all economic problems.

[derspiess]

Whoa, what happened to Camper?  Did something happen to Camper when I was gone?  I mean, I know he's not here now, but I thought he was one of the ones who just wandered off (like Vinraith, or Hamilcar, or me, for that matter).

He worked at Washington Mutual...

He was actually retained there a bit longer than most due to his specific skill set.  Last I heard from him he was getting ready to take a job at UW.

[crazy canuck]

We are getting into backroom confidences.  If such a place existed that is.