Aviv

Oh Aviv... :( - Mona N.

"This is bad news for the coastal communities because, other than real estate, tourism, and the container port in Algeciras, there is no real economy in southern Spain. Mainly they sell sun, homes, and stuff to fill homes. And judging by the vacancies, more people are choosing sun over shade." - Aviv via Bookmarklet

Yummy! :D - Anna Haro

"I am surprised the networks even allow Peter Schiff on the air, with his propensity to speak the truth and not repeat the same party lines about how the bailouts are necessary and the government can fix everything. Mr. Schiff has been right time after time about the direction of the economy. Shortly after he rightfully placed some of the blame on the Federal Reserve, he gets cut off by CNN due to “technical difficulties.” Yeah right." - Aviv via Bookmarklet

"Not content with merely throwing money at the automakers, the Fed has new plans to become the world's largest auto dealership. Details of the plan were buried in this announcement: Fed Opens TALF Loans to All Borrowers, Extends Term." - Aviv via Bookmarklet

"When reading about the $50 billion Madoff hedge fund fraud it hit me on the head: hedge fund redemptions at the end of this year are going to be absolutely huge, and that will mean a massive sell-off in global capital markets in the first quarter." - Aviv via Bookmarklet

"Mr. Schiff: Gold has actually held up very well compared to other asset classes. If you look at the price of gold relative to its peak, it's only off about 25%, whereas if you look at stock markets around the world, most are off 50% or more, certainly if you price them in US dollars. If you look at how gold has held up relative to industrial metals, relative to energy, relative to agriculture, gold has done extremely well. I think the fact that it has gone down in dollars has caused a lot of people to assume that gold is not performing in this correction whereas, in fact, it has. Also if you look at gold in terms of other currencies, recently you've seen all-time record highs in the price of gold in South African rand, in Australian dollars, in Canadian dollars. So gold has actually had a very strong, stealth move when viewed from the prism of something other than the US dollar." - Aviv via Bookmarklet

Wow - awesome that Nissan's are going for cheap now. I wonder if I could even get a trade-in for my Mitsu Endeavor? - Tad Goes to 11

@Bwana, that's what she said. - Jason Huebel

When Nissan stops bothering Uzi Nissan, I might think about it. I did love my Sentra. http://www.digest.com/Big_Stor... - MiɳiMagɘ is EnderMage

"I've been thinking lately about the detrimental effects that I'm suffering as a result of information overload. Over the last few months, the number of blog feeds I follow in Google Reader has been steadily creeping up, not to mention people I follow on Twitter and FriendFeed. Most notable has been the effect on my concentration span - I now seem completely incapable of focussing on anything for more than a few minutes before I suddenly find myself back on the Google Reader tab looking at what's new. It's an obsession - constantly craving that new titbit of information to feed my addiction. As Seth Godin recently said, "The internet is almost full": not physically, but the demands on our attention and our ability to take it all in are dangerously overstretched." - Aviv via Bookmarklet

"We are now in the end game; Treasuries are the last bubble, and when it bursts, we will find ourselves in a Depression that will make the 1930s look like a Cakewalk." - Aviv via Bookmarklet

"Bernanke has gone "all in", and he holds 2-7 offsuit. He needs 7-7-2 on the board or he's dead." LOL - Aviv

"The Federal Reserve wants us to believe that the sole problem reverberating throughout the world is simply a lack of liquidity, but it is nothing of the sort. It is in fact one of solvency. Most banks and many consumers and companies are over-extended, and their precarious financial position cannot be put right with newly created dollars." - Aviv via Bookmarklet

"What's needed today is the same medicine that has over time inevitably cured every other bust. It is capital and savings, and unfortunately, they are in short supply in today's America. But the Federal Reserve will not be deterred from pursuing the reckless path it is on. They seem to think that they can avoid the bust, and further, that the economy can emerge unscathed from years of imprudent and reckless credit extension by the banks." - Aviv

"The dollar's bear market rally that began in July ended last month. Based on closing prices, the US Dollar Index has dropped 8.5% since last month's peak. The drop so far this month is a stunning loss of 6.7%. Since last month's peak in the Dollar Index, gold has climbed 6.3%, while silver did even better. It has climbed 12.6%. These precious metals are clearly the place to be, given the path of monetary debasement being taken by the Fed." - Aviv

Well, they could really use some sales! Whatcha buying? - Stephen Foskett

Look at the VW Jetta Sportwagen TDI. Go Green! - Harry

@Gregory - but of course it could! http://friendfeed.com/e/31bddc... - DeWitt Clinton

"So the Fed went “all in” throwing its full weight behind the fight against deflation. By slashing short-term rates once again and targeting mortgage and agency bonds, the Fed is announcing to the world that monetary inflation is now the weapon being brought to bear." - Aviv via Bookmarklet

"It is clear that the US is going to use dollar devaluation as a key part of its recovery strategy, as bond holders ought to realize. At some point there will be a big rotation out of dollar assets and into a currency without government control like gold which can not be printed. " - Aviv via Bookmarklet

"Swiss gold refiners are having great difficulty in keeping up with demand for gold bullion leading to long delivery times as investors wary of other stores of wealth." - Aviv via Bookmarklet

"Goldman Sachs Group Inc., which got $10 billion and debt guarantees from the U.S. government in October, expects to pay $14 million in taxes worldwide for 2008 compared with $6 billion in 2007." - Aviv via Bookmarklet

"Gold could once again surge above $1,000 an ounce as the dollar plummets and investors seek alternatives to stocks, bonds and bank deposits as well as protection from inflation. The buzzword at the moment is deflation. But fund managers are convinced this will be short-lived and followed by a period of inflation that will erode the value of paper assets." - Aviv via Bookmarklet

"For much of my life, the name Bernie Madoff has meant nothing to me. Now, however, it means far more than it should in my household and countless others across America. In my household, the net effect of the Madoff scheme is that my wife has lost all the money in her 401(k) account and her job as well." - Aviv via Bookmarklet

"The latest Fed move is further indication of the degree of panic and lack of clear strategy within the highest ranks of the US financial institutions. Unprecedented Federal Reserve expansion of the Monetary Base in recent weeks sets the stage for a future Weimar-style hyperinflation perhaps before 2010." - Aviv via Bookmarklet

"Nash told the audience that such financial crises would be less likely to occur if there was some international monetary standard, such as the gold standard or competition among worldwide currencies, to curb inflation and prevent the rise of mortgage abuses. He expressed some skepticism about a government bailout as a solution." - Aviv via Bookmarklet

Oh, just run some more money off on the office copier. No problem! :-P - Silly Jilly

"Nash said that various interest groups that subscribe to Keynesian, or short-term, economic theories have sold the public on the notion that inflation is acceptable or that “bad money is better than good money.” Such a notion, he said, led to the dangerous proliferation of bad mortgage loans—loans made on the gamble that house values would continue to rise and eventually turn a profit. “A fixed-rate 30-year mortgage would be reasonable under the gold standard,” Nash said. “Now, there are variable rates, and adjustables, and convertibles, and it is very complicated” for homeowners to figure out what they are getting into. In fact, Nash said, nobody really knows the depth of the financial crisis. " - RAPatton

"Gold bugs generally don't like hearing that their favorite investment vehicle is just the obverse of the U.S. dollar. But sometimes it is. This may be one of those times." - Aviv via Bookmarklet

"The business of storing umbilical-cord blood is growing. Is salesmanship outpacing science?" - Aviv via Bookmarklet