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Bernard Thomas

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  • Rally Is Not Structurally Based [View article]
    Overseas jobs can come back if our cost of manufacturing is permitted to fall to where we have a comparative advantage. Of course that would result in deflation and further drops in housing prices. Prices of homes went up too far too fast and should be allowed to correct. We have literally been living on borrowed time.
    Sep 4 10:48 AM | Likes Like |Link to Comment
  • Rally Is Not Structurally Based [View article]
    You are forgetting that the securitization of loans is necesary for banks to lend, especially to those with less-than-stellar credit. Much of that market was fueled by the ability to sell packages of loans at relatively low yields to conservative investors due to the bonds having AAA ratings. Those days are gone. Ratings agencies will not grant AAA ratings so easily and investors are not so eager to buy such securities now that they know what they really are.
    Sep 4 10:44 AM | Likes Like |Link to Comment
  • On Siegel and Schwartz's WSJ Op-Ed: It's About the Consumer [View article]
    Turn the QE up to ludicrous speed.
    Aug 26 09:37 PM | Likes Like |Link to Comment
  • The Recovery Has Stalled [View article]
    Great comments guys. Nice to see that people get it.
    Aug 26 09:34 PM | Likes Like |Link to Comment
  • Economy Headed for a Lost Decade? [View article]
    Good comments all. Gary Shilling may be right again.
    Aug 18 10:49 PM | Likes Like |Link to Comment
  • Housing Is a Non-Starter [View article]
    You all are correct. The people you mention can't or won't buy a home, should not.
    Jul 22 11:04 PM | Likes Like |Link to Comment
  • Data and Bond Yields Point to a Modest Recovery [View article]
    My titles are usually better, but the Seeking Alpha editors change them to their liking.
    Jul 10 01:05 PM | Likes Like |Link to Comment
  • Europe: The Root of the Correction [View article]
    Good one!!
    May 18 10:47 PM | 1 Like Like |Link to Comment
  • Goldman Sachs Debacle: Clueless in D.C. [View article]
    No kidding. That is trading.
    May 13 10:09 PM | Likes Like |Link to Comment
  • Robert Reich on Jobs, Treasuries in Perspective [View article]
    The French economy is a disaster. It is nearly impossible for young people, even college graduates, to find gainful employment. This was true even before the recession. Looking to France as a social and economic model of efficiency is like looking at the New Jersey Nets as a model of basketball prowess.
    Apr 13 09:39 PM | 3 Likes Like |Link to Comment
  • In Today's Data, Truth Is in the Numbers [View article]
    Correct and we have overhanging housing and have become accustomed to an economy functioning at levels that can be maintained by more leverage for everyone. Good luck with that happening.
    Feb 25 02:25 PM | 1 Like Like |Link to Comment
  • Sirius Breaks (Above) the Buck [View article]
    I have owned SIRI for 4 years and although I think the company has great potential, it has executed poorly. Customer service is not existent. The separation of the Sirius and XM packages is stupid and the limited choices and inconsistent programing on the sports and news channels on line is annoying. Besides being a shareholder, I also subscribe to Sirius via my truck, my wife's car and via my online subscription. I am strongly considering not renewing. I am not alone.
    Feb 18 09:10 AM | Likes Like |Link to Comment
  • Decision Time for Banks and the Fed [View article]
    We will see a long slog up because of replacement. Consumers have to replace worn clothing, appliances, vehicles, etc. However, they will not make unnecessary purchases. Other than that consumptions biggest booster may be a rising population.
    Feb 16 09:51 PM | Likes Like |Link to Comment
  • Bloodbath in the Markets: Is Relief Coming? [View article]
    Equity market geeks believe that all policies and regulations should be biased to push stock prices higher. They don't care if economic fundamentals support valuations, just stimulate, stimulate, stimulate. Oh yeah, ban those with contrary opinions as they may push markets lower. The U.S. economy was is various states of stimulus almost constantly from 1982 to 2006. We were high (as in drugs), now comes the withdrawal.
    Feb 8 10:40 AM | 1 Like Like |Link to Comment
  • Bloodbath in the Markets: Is Relief Coming? [View article]
    I am for mark to market. An asset is only worth what someone is willing to pay for it. Know what? Most toxic assets will never be worth 100 cents on the dollar. They are bad loans written on overvalued properties. Deal with it.
    Feb 8 10:37 AM | 5 Likes Like |Link to Comment