Tired Tuesday

• Bernanke. Will you just shut up and sit down please? Or, if you won't, will Congress please get up the balls to impeach you? (By the way, you looked awful this morning on CNBC. Are the lies finally getting to 'ya Ben?)
• The rest of the Fed Governors. I've had it with the lying. Including you, Mr. Fisher.
• The investment banks. "We don't need to raise capital" every other week, followed immediately by a debt or stock issue. Liars.
• Lehman's "statement" on liquidity. I remember quite well what happened the last time an investment bank issued a "statement" on their capital position. I bet you do too. I'm not predicting here and I have no inside knowledge on Lehman - but history is a funny thing. Got PUTs?
• Congress. They caused this mess with the repeal of Glass-Steagall, despite being warned repeatedly, including in written testimony by people who were involved in the RTC/S&L bailout, that this would happen. They did it anyway, and the prediction of doom proved up. Why should The American People pay for it? Congress has intentionally sat back and let these bankers screw you, and you keep re-electing them!
• Realtors and the NAR. It is not a "great time to buy a home" until and unless homes sell for somewhere around 10x annual rents and 2.5x incomes. It might be an acceptable time to buy if they're selling for 15x rents and 3x annual incomes. At 20, 30 or 40x rents and 4x, 5x or 10x incomes, its a terrible time to buy a home. This is mathematics, not emotion. Stop lying. As for business folk, if you get a resume from a Realtor who is now unemployed, put it in the paper shredder and help America give back some of their "love." They're not a protected class; discriminating against them is legal.
• Government CPI and employment statistics. They're lies. My food bill has doubled in the last four years. Unemployed people who have "given up" are still unemployed. Persons who are employed part-time for "economic" reasons (that is, they were told by their boss they're no longer full-time employees) are effectively unemployed from their former position, and their earnings power has decreased. 3% price inflation eh? Uh huh. Pull the other one. Yes, I know, computers (per CPU cycle) are much cheaper. I can't eat my computer.
• The Fed (again) + Government (again). Nobody in their right mind should be using Treasuries as anything other than a "flight to safety" cash park at any time in the last ten years, and for the foreseeable future. Why? They have had and continue to have negative real coupon rates compared to inflation. Why would anyone in their right mind take an intentional loss on their "investments"?
• Bankers (again). "Pick-a-payment" mortgages should have resulted in indictments as presumptively predatory, but until the last couple of weeks Wachovia was still advertising them on national cable channels, including CNBC. In the middle of a huge housing recession. Negative amortization loans should be felonious, and with the exception of documented bridge loan purposes, so should interest-only. Period.
• Bernanke (again) and The Fed's claim that they weren't responsible for the housing boom. Liars. The Fed, along with the rest of the regulators, not only sat back and allowed this sort of rampant speculative boom to take place, but intentionally fomented it. The Fed's governors, including Bernanke, should be indicted and imprisoned for this intentional destruction of American Consumer balance sheets. Theft is theft no matter how you perpetrate it.
• CNBS. There is no balance of any kind on that channel. It isn't "America's Financial News Network", it is a channel that exists for the purpose of attempting to suck in people and get them to speculate (not invest) on the next big asset bubble. During the tech wreck CNBC and people like Cramer were incessantly pumping tech stocks, which led many Americans straight to financial ruin. Cramer was rewarded for his infamous "tech call" a couple of weeks before the big blowup with his own show. Now that's accountability.
• The Ratings Agencies. These firms should be indicted and shut down. The conflicts of interest are now documented facts, not suppositions.
• The "Ron Paul Love Club." Sit down and shut up - the lot of you. His office called me yesterday and explicitly asked that I stop faxing in constituent petition signatures, along with my market commentary that bears on the House Committees he sits upon. That's right, he doesn't want to hear from you if you're his constituent and he doesn't want commentary that bears on his decisions in Congress. I of course complied with his request, but I won't shut up about the fact that he made it. Those of you who supported this buffoon for President are fools; Obama, Clinton and McCain all gleefully accept my - and your - faxes. His assistant told me that they had intentionally changed their fax number to avoid public comment - including from his constituents - the call began with her demanding to know how I got the number (I called and asked for it a few months ago, you idiot, when I discovered it had been changed, and the person who answered the phone gave it to me!) Your correct course of action is to vote that asshat out of office in November. I told you months ago that you were following a false God and that he had been conning you just like Satan does - with forked tongue. Now you have proof.

Finally, The American People.

WILL YOU WAKE THE HELL UP?

You are and have been systematically screwed by Congress, Wall Street, Politicians and The Fed. Your purchasing power has been intentionally debased and now your actual cash wages are being robbed and sent to China and Saudi Arabia, supported in its entirety by our monetary and political process.

You are paying $4/gallon for gasoline and twice as much for food specifically so that the banks who made these bad bets in the market don't have to eat their share of the loss! You tolerated being ripped off by the bankers, Wall Street and speculators during the housing bubble, so now they're robbing you again via your gas tank and grocery cart!

This screwing has been intentional, willful and repeated.

This has gone on for more than twenty years and you keep lapping it up, being content to play partisan political games and demand more handouts.

The screwing will not stop until you start showing up in Washington DC and the streets of your states, literally shouting down the fools in Congress and shutting down commerce until the screwing stops!

Thus ends my rant for the day.....we now return you to your regularly-scheduled market pumpers on CNBC.

Enjoy it.