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- Vacation-Proofing Your Portfolio [view article]
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- Impact of Candidates' Tax Plans on Deficit Worsens [view article]
- The Fed is Fighting a Two Front War [view article]
- A Fed Rate Hike Won't Solve the Current Crisis [view article]
- Ten Bear Market Phases, Current Edition [view article]
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- Don't Confuse Correlation with Causality [view article]
- Dow 30 Performance Since 7/15 [view article]
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- Alan Greenspan's Bosnia Moment [view article]
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- Vacation-Proofing Your Portfolio
- Sector Performance in the Last Two Bull Moves
- Don't Confuse Correlation with Causality
- Ten Bear Market Phases, Current Edition
- Impact of Candidates' Tax Plans on Deficit Worsens
- The Dead Cat Returns to Earth
- Wall Street Breakfast: Must-Know News
- The Fed is Fighting a Two Front War
- Dow 30 Performance Since 7/15
- A Fed Rate Hike Won't Solve the Current Crisis
- Full List of Articles »
Where's the Bottom? [view article]
True, real estate also follows a income/supply/demand relationship like everything else. But digging a little deeper, isn't there also a relationship between the cost of existing homes and the cost to build new homes. At what point does the fall in existing home prices become limited by the cost of new construction? Replyseeker
Where's the Bottom? [view article]
Alas, with a recession now underway, household income is going to be falling right along with those home prices.For instance, the Michigan and Ohio markets aren't getting clobbered because the homes are too expensive ($70,000 is a recent median home price in Youngstown Ohio!); they're getting clobbered because they're on the leading wave of the recession and people don't have jobs.
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Providing Aid to the Disabled [view article]
As a mentally Handicapped person I am insulted to be compared to equity traders. My handicap did not occur until after I double majored in finance and merchandising. I saw this coming a mile away, anyone who has taken any economics course or finance course also would have seen this coming. Please limit your comments about the handicapped to what you actually know, and not insulting slurs. ReplyWall Street Breakfast: Must-Know News [view article]
Lisa.. In the Social Sciences what happened yesterday is called a Self Fulfilling Prophecy... ReplyGlobal 'Oil Shock' Rattles World Stock Markets [view article]
The purveyors of the "Peak Oil Theory" have been wrong for years and are still wrong. The fact is that known reserves have increased faster than usage and continue to due so. The production graph says it all. From 1900 through the present it predicts that production would decelerate while in actuality production has accelerated. The prediction line is almost the mirror image of the production line. How much more wrong can you get? ReplyWall Street Breakfast: Must-Know News [view article]
It's amazing that S&P managed to move the market yesterday. As if those guys successfully predicted the debt mess to start with... ReplyWhere's the Bottom? [view article]
When everyone stops asking "where's the bottom?", that's when we'll see the bottom. ReplyThe Rally is Coming: Always Buy Too Soon [view article]
It seems to me that there is a good chance that the world economy may nerver recover from the lack of cheap oil. I think that the world average standard of living is going lower at the same rate that the price of oil is increasing. Its not easy for the human brain to get its arms around the fact that critical changes happen as time marches on. The lack of cheap oil is going to cause dramatic changes in our life style and our markets. ReplyGlobal 'Oil Shock' Rattles World Stock Markets [view article]
GREAT article. Thanks for putting in the time to write it. Everyone has known about peak oil for years, surely they have plan B in place, ready to go? ReplytWork
Global 'Oil Shock' Rattles World Stock Markets [view article]
My word you are a cheery chappy aren’t you. Are we being a mite polemic here?For every loser there is also a winner. Yes several country/sectors are loosing at the moment but there will be winners elsewhere. Are you able to give a range of winners and try to be more upbeat (it can’t be good for your blood pressure worrying about half the world and it’s problems).
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Global 'Oil Shock' Rattles World Stock Markets [view article]
Please read "The Long Emergency". Kunstler says that its too late to prevent peak oil chaos by implementing nuclear (or any other alternative). Its very entertaining to listen to the stock brokers on CNBC calling the bottom everyday. The killer is that the effects of $100 dollar oil has not been reflected in the price of consumer goods. When it is the "business as usual" guys are going to find out how serious this mess really is. ReplyGlobal 'Oil Shock' Rattles World Stock Markets [view article]
Very concise article. We are not going to avoid short-term painful recession, but we can actually create policy to fix the long-term. How?Global investors figured out in a mere 48 hours the true impact of the $200 B stimilus provided to the Central Banks. I took me all of five minutes and I have a feeling I am not alone :) Want to fix the economy? Dump $100 B into subsidizing offshore drilling, ANWR, biodeisel and nuke plants. President Bush could sign an executive order declaring a national emergency to allow these things to occur. Further, from a political stand-point he will help the GOP (although I am not a big McCain fan I would rather have GOP then Socialists) this election. He would be viewed as a hero, rather then the goat of this economy.
Then have treasury dump $100 B into the SBA and provide small business loans through commercial banks that demonstrated fiscal responsibility over the last two years. The SBA guarantees the loans which means the $100 B is only touched if a business fails, rather then bailing out the Central Banks whom are only using the short-term liquidity injection to fix their own balance sheets.
Plus, the SBA is great at providing consultative services on writing business plans, connecting angels with small businesses, etc. Does anybody consider 80% of the U.S. economy is small business nowadays? Nope, guess not if your the Fed or this Administration. Entrepenuars/small business owners asses are on the line every day of the week, unlike Central Bank CEO’s whom are STILL getting millions per year despite actions that should put them behind bars, if not fired at the least.
Instead, the Fed bails out pieces of *hit CEO’s that are accountable in creating much of this mortage meltdown spreading destructively across our entire economy. President Bush’s/Greenspan’s policy of lowering the dollar did have some positive effect after 911 by dropping rates. But this devalue dollar policy should have had an about face in 2005 when the economy was humming along.
I had two calls in two days from private equity firms asking if I need money. Consider I am in tech/consume healthcare which are still posting double digit gains. Energy is the biggest of the double digit gains (of course) of the top three mentioned. Why do I mention this? Because if the steps taken above were taken, oil would begin drop, the dollar would begin to recover and it would create MILLIONS of jobs. Then, we will give the global customer what they need as a major exporter, energy. Global customer needs our food, steel and raw materials, but you also need energy to delivery it!
What's really going on? Leaderships has become totally selfish. Try educating a spoiled brat of an executive in your own business! I just simply fire them but how do you fire politicians whom colluded with Fed and Goldman types? You can't. You either have to elect good leadership or have a revolution. I believe the best scenerio for consumers and politicians alike is job creation through energy independance and eventual export. Will we do it in time? God, I hope so but I don't see much facing of reality out there these days. Reply
Fredrickson
Providing Aid to the Disabled [view article]
Why would anyone believe that they can see the end if they didn't even know when it started? Why would I believe an incompetent company that can't seem to find the resolve to downgrade bonds based on there own rating criteria? Maybe if Fitch said it, I would take it a little more seriously, but come on, S+P with credibility, that went out a longtime ago.And to Barney Frank, that is just what we need, the U.S. government as a landlord...I'm sure the bureaucracy surrounding that won't be a problem.. I know that we need to save all our poor buddies in the financial industry..Thanks Barney I know my kids will appreciate that, and their kids, and probably their kids as we continue to print money and watch it float into the abyss. Reply
Global 'Oil Shock' Rattles World Stock Markets [view article]
wow. One of the best articles I have read here.Synopsis of what I think is the "elephant in the room" when many economists speak of the current "crisis" . No one seems to disagree that we are running out of oil, but then no one wants to discuss the major implications for the global economy.
Tons of trading ideas in here as well, longs and shorts.
I think nuclear power is the only way out of this mess. Reply
Some Fascinating Facts About Fed Injections [view article]
i knew housing was on a downturn when they advertised 'isoldmyhouse.com' on television. took a while for the numbers to catch up, but there it was. Reply