Our financial system is crumbling this week.

[JackofDiamonds]

Have a chart for 2000-2008? I would assume that a significant reason those taxes are so low comes from carry forward losses.

[Jocephus]

i do not. the particular article i grabbed it from was talking about this past tax year. perhaps you are correct.

still is shocking, though not surprising, to me.

[Freed Roger]

Uh oh. This looks like more Vegas, I mean, Wall Street funny money.

LinkedIn shares were priced at $45 in an initial public offering Wednesday night. They opened today at $83 and shot up to as high as $122.70 before dropping back to $109.44 at the close.

That values the company at more than $9 billion. Many market watchers believe the surge in the price was way too much and that social-networking companies are receiving valuations that make no sense.

The properly-connected made a [expletive] load of money today. And not one tangible item or measure of progress was produced. Then our commoner 401K mutual funds get in on the downward side.

[greenback44]

http://www.bloomberg.com/markets/rates- ... -bonds/us/

The ten-year Treasury yield sank back below 3% today. I'm pretty agnostic on the future, but it still surprises me that some people were (and are) so sure that inflation is coming.

[Freed Roger]

http://www.bloomberg.com/markets/rates- ... -bonds/us/

The ten-year Treasury yield sank back below 3% today. I'm pretty agnostic on the future, but it still surprises me that some people were (and are) so sure that inflation is coming.

Oil prices factoring in?

[planet planet]

And the private sector only added 38k jobs in May, the lowest number in nine mos.

[heyzeus]

NYSE down 243 and counting. We're about to hear the words "double dip recession" more frequently. (Whether this becomes technically true, as in GDP declining for the requisite amount of time in order for economic conditions to constitute a "recession," remains to be seen).

[manofkards]

http://www.bloomberg.com/markets/rates- ... -bonds/us/

The ten-year Treasury yield sank back below 3% today. I'm pretty agnostic on the future, but it still surprises me that some people were (and are) so sure that inflation is coming.

^agree

[Michael]

It feels like the whole world has gone crazy.

[maddash]

The latest jobs numbers are [expletive] brutal. Some of it may be related to Japan and a cyclical slowdown in hiring this time of year. But it seems, to me at least, that we've been slowly taking our foot off the stimulus/QE pedal and the free market isn't picking up that slack. That's very scary. Especially in light of future austerity measures (which I have no doubt we're going to be seeing soon). I'm generally optimistic about things, and I still don't see a double-dip on the horizon, but I'm having a hard time being convinced that we won't be seeing a very slow and jobless recovery for the next 5 years or so. And that's if everything goes right (we don't default, the Euro doesn't implode, oil prices don't fly through the roof).

This [expletive] is depressing.