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Rob Viglione  

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  • While the debt talks may be stuck, the sides agree that selling federal property would be a good way to raise money, especially as the U.S. owns over 45,000 under-utilized buildings that cost $1.66B/year. However, red tape, the cost of shutting buildings, and and local opposition have blocked such efforts in the past.  [View news story]
    These jack@$$es need to learn to live within a budget. Selling assets will only last so long...
    Jul 17, 2011. 03:39 PM | Likes Like |Link to Comment
  • So you decided Treasurys aren't safe due to low yields and dollar concerns; now what? Some money managers are increasing their international bond exposure. ETFs to consider include CEW, EMLC, WIP and ITIP.  [View news story]
    Moderation is the watchword, but there's certainly mounting risk to treasuries. Diversifying out and, and should, be a moderate process, not one in which you run for the exits only to find you've actually increased portfolio risk.
    Jul 16, 2011. 02:31 PM | Likes Like |Link to Comment
  • The U.S. rating could be cut the next day if the government misses a debt payment, a senior Moody's credit officer says. "Since we feel the rating is not likely to return to triple-A [after a missed payment, we could] downgrade them the next day," Steven Hess says, adding that the example is hypothetical and he doesn't expect such an occurrence.  [View news story]
    Why would the feds ever miss a payment when they have the power to print?
    Jul 14, 2011. 08:33 PM | Likes Like |Link to Comment
  • Amazon (AMZN) ups the ante in the fight over the collection of online sales taxes by states. The firm filed a petition to initiate the process of getting a measure on the California ballot to reverse a state law requiring online retailers to collect sales taxes. Shares +1% premarket.  [View news story]
    Fight on, Amazon!
    Jul 12, 2011. 10:24 AM | 2 Likes Like |Link to Comment
  • Amazon (AMZN) ups the ante in the fight over the collection of online sales taxes by states. The firm filed a petition to initiate the process of getting a measure on the California ballot to reverse a state law requiring online retailers to collect sales taxes. Shares +1% premarket.  [View news story]
    And how many people in CA base their livelihoods on AMZN online sales? Pushing these people out of business, or out of state, isn't exactly going to boost the already ailing economy here...
    Jul 12, 2011. 10:24 AM | 2 Likes Like |Link to Comment
  • Gold Will Keep Cruising as Currencies Come Under Pressure [View article]
    When the feds can balance a budget I'll consider selling gold. Until then, each dip is a buying opportunity.
    Jul 12, 2011. 10:20 AM | 4 Likes Like |Link to Comment
  • Consumer Credit Still Dropping [View article]
    I wish I could say I am shocked the Fed is adding new borrowing categories to Consumer Credit calculations...nonethe... that's just underhanded.

    #endthefed
    Jul 10, 2011. 12:54 PM | 2 Likes Like |Link to Comment
  • Are the Swiss gold bugs? The country moves a step closer to a return to the gold standard, as its parliament moves to discuss the creation of a parallel currency. Switzerland was one of the last countries to decouple from gold in 2000, but the right-wing SVP party is pushing the gold agenda in a fearful climate.  [View news story]
    I don't understand what's so hard, or wrong, with having a currency that doesn't expand in supply beyond the rate of growth in economic output?
    Jul 8, 2011. 10:15 AM | Likes Like |Link to Comment
  • Ugly chart of the day: Compared to all post-WWII recessions, the current period has seen the most aggressive job cutting and the weakest recovery.  [View news story]
    Fiscal and monetary policy "cures" are running out of steam. My guess is that they only work for a given range of balance sheet leverage.
    Jul 8, 2011. 10:12 AM | 1 Like Like |Link to Comment
  • Gold Stock Options Play: Cheap Insurance Against a U.S. Debt Crisis [View article]
    Gold will be a safe play until the feds can balance a budget...
    Jul 7, 2011. 10:49 AM | 2 Likes Like |Link to Comment
  • Nouriel Roubini (a.k.a. "Dr. Doom") sees moderate growth for the U.S. in the short-term, but expects a "perfect storm" to hit the global economy in 2013, as the U.S. and Europe are no longer able to "push their [debt-related] problems into the future." Roubini also sees China's attempts to reduce inflation hurting global growth and commodity prices.  [View news story]
    If you do a rain dance long enough it'll always work.
    Jul 7, 2011. 10:45 AM | Likes Like |Link to Comment
  • Interest Rates Do Not Affect Home Prices [View article]
    Love the theories, and tend to agree with both of them.

    #1 shows complexity of economics...many factors contribute

    #2 refinancing is always an option, which reduces risk of locking in rates that are too high
    Jul 7, 2011. 10:43 AM | 1 Like Like |Link to Comment
  • Interest Rates Do Not Affect Home Prices [View article]
    Definitely agree that there are many more factors that drive housing prices, which is the point of the article. I've been hearing mounting concern about risk of mortgage rate increase to prices, so the linear regression was intentional, meant to show that there's more going on than just borrowing rates.

    I'm not bold (or crazy) enough to predict which way prices will go :)
    Jul 7, 2011. 10:39 AM | Likes Like |Link to Comment
  • Interest Rates Do Not Affect Home Prices [View article]
    Data source:
    www.econ.yale.edu/~shiller/data.htm

    I can't find specific reference to which interest rates is used as the "long rate," but a quick eye ball comparison seems like it is 30-year treasury yield.
    Jul 7, 2011. 10:35 AM | Likes Like |Link to Comment
  • Interest Rates Do Not Affect Home Prices [View article]
    Agreed that the title is preposterous! The editors modified my original title, which was a question of "how" interest rates impact home prices.

    Rates certainly effect individual buying behavior in the short run, but my big point was that there are many more factors that play into real estate economics. The message is that the world won't end if/when rates go higher; people will still buy homes.
    Jul 7, 2011. 10:28 AM | 2 Likes Like |Link to Comment
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