Boo!: October 30, day of the dead on Wall Street [View instapost]
"Digging deeper into the report by Stephanie Pomboy, highlighted in Market Watch in Barron’s, shows what should have been common knowledge: companies aren’t spending, consumers aren’t spending, it’s the government that is keeping the economy afloat. "
Clearly we need something new. And, everyone is looking to "Green". But unlike the internet boom "Green" seems to require a lot more capital. It would be a great time for the government to direct some of the stimulus money into healthy companies and offer them incentives to outsource to small business and invest in the production of Green products. America has the opportunity to reinvent ourselves as the exporters of Environmently Friendly products and Socially Responsible Business Services.
It seems like Negative Equity is more of a short term issue then a long term issue. If you purchase your home with the intent to live in it for 10 or so years you would probabbly still view the value as increasing, even if there is a temp slump.
I thought 1. adjustable rates 2. job loss contributed more to the crisis, but I'm not sure, time will give us a better picture.
It's Time Banks Broke Up and Moved On [View article]
The American Financial System needs to be tested. Yes, as stated above “Stress to the System Tests” It concerns me that we are not asking the right question(s) or looking at the right factors. I know it's a large undertaking, but it seems as if we may have wasted a lot of money pacifying people with "Bank Stress Tests" yet not getting valuable answers, "Can the American financial system avoid collapse if...?" and “How?" If we were testing the system the defaulting commercial loans and other “toxic” assets would be taken into account. The difference is we would also be asking the question “are the healthy businesses able to function if any or all of the 13 businesses in question collapsed?” I think the answer might be yes, IF people knew there were stable companies in a stable system that they could work at and invest in. I find it infuriating that we spent so much time and money in the middle of a recession when people are desperately in need and the sheer value of the outcome is in question.
It's Time Banks Broke Up and Moved On [View article]
No, but if he feels the same way, I would like to meet him. Feel free to make an Introduction. ;-) (Thank You So Much for your comment it is appreciated)
On May 06 08:42 AM normthefedup wrote:
> ...and here we go again....do you know Felix Salmon by any chance?
Stimulus Plan Fails: Larry Summers, Listen Up [View article]
Thank You for this Article, especially the section on bonds, very informative. I agree we may be headed for round two of mortgage defaults particularly in the area of commercial real estate. It is difficult to estimate the impact, because a single commercial real estate default could result in a large number of jobs lost. As much as I would love to blame the Bush administration for everything, the problem runs a lot deeper than them; however as with many other problems they made them a lot worse a lot faster.
Boo!: October 30, day of the dead on Wall Street [View instapost]
Clearly we need something new. And, everyone is looking to "Green". But unlike the internet boom "Green" seems to require a lot more capital. It would be a great time for the government to direct some of the stimulus money into healthy companies and offer them incentives to outsource to small business and invest in the production of Green products. America has the opportunity to reinvent ourselves as the exporters of Environmently Friendly products and Socially Responsible Business Services.
What we need from the SEC... [View instapost]
The model I
Latest Additions to the Seeking Alpha Family (baby announcements) [View instapost]
What Causes Foreclosures? [View article]
I thought 1. adjustable rates 2. job loss contributed more to the crisis, but I'm not sure, time will give us a better picture.
It's Time Banks Broke Up and Moved On [View article]
It concerns me that we are not asking the right question(s) or looking at the right factors. I know it's a large undertaking, but it seems as if we may have wasted a lot of money pacifying people with "Bank Stress Tests" yet not getting valuable answers,
"Can the American financial system avoid collapse if...?" and “How?"
If we were testing the system the defaulting commercial loans and other “toxic” assets would be taken into account. The difference is we would also be asking the question “are the healthy businesses able to function if any or all of the 13 businesses in question collapsed?” I think the answer might be yes, IF people knew there were stable companies in a stable system that they could work at and invest in.
I find it infuriating that we spent so much time and money in the middle of a recession when people are desperately in need and the sheer value of the outcome is in question.
The Inefficient Financial Sector [View article]
It's Time Banks Broke Up and Moved On [View article]
On May 06 08:42 AM normthefedup wrote:
> ...and here we go again....do you know Felix Salmon by any chance?
Stimulus Plan Fails: Larry Summers, Listen Up [View article]