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- Currency ETFs Shine Through Bleak Market
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Profiting from the $700 Billion Bailout [view article]
If the credit crisis is real why not get $700b by cutting 5% waste in each government department and slashing some of the lifetime benefits and goodies our inept leaders have awarded themselves? Most Americans have seen salaries and benefits cut, why not these clowns that allowed this mess to happen? ReplyVanderstelt
Profiting from the $700 Billion Bailout [view article]
When banks start closing it's too late. ReplyProfiting from the $700 Billion Bailout [view article]
www.silver-info.com/mo...On Sep 25 11:04 AM irondoor91 wrote:
> Re: logicalthought. You are correct and that was what I observed
> when reading through the piece. I haven't thought through all the
> ramifications of the bailout yet (who can know the future?), but
> at some point the government is going to own a lot of homes. Until
> the average price of those homes (now around $215,000) declines to
> 3x the median family income ($50,000) there is not going to be stabilization.
> That would be with stabilized employment, which isn't happening.
> In addition, we know that the free flow of mortgage money is shut
> down now and if banks are going to avoid this disaster in the future,
> they have to demand more downpayment, higher FICO scores, higher
> income to debt ratios, etc from borrowers. It seems to me that all
> those good people are probably already in homes. Why would they want
> another one? Do you really believe that there are millions of folks
> just sitting around in apartments with $40,000 in the bank, no credit
> card or auto debt and good secure jobs who are patiently waiting
> for home prices to come down? I don't know of any, but maybe somewhere
> in Iowa. Not in California, Nevada, and Florida where the problems
> are. People are leaving those states for financial survival. Reply
Profiting from the $700 Billion Bailout [view article]
Instead of funding the losses of incompetent or corrupt bankers why not let them go bankrupt? Creditor financial firms of a bankrupt financial firm would get repaid of what would be left after non-financial creditors have been repaid. Financial firms should know better than others where to put their funds. In the event non-financial creditors are not repaid for their full deposits after using all available guaranties, a federal fund would finance the difference through a long term loan. Surviving financial firms would also get help from this fund. The obese US financial system would be at long last trimmed to service, not itself, but the producers and the consumers. /Show more... ReplyProfiting from the $700 Billion Bailout [view article]
The author forgets the counterparty risk in currency ETFs. Where are the ETF's funds deposited? In this situation I would look twice or more... ReplyProfiting from the $700 Billion Bailout [view article]
It is obvious to most that when you arteries are clogged, the blood doesn't flow. When you have blocked arteries it is an emergency, and to avoid a heart attack it is critical to get the blood flowing, which implies the use of a stent or open heart surgery. A complete blockage will result in a heart attack or worse. Time is critical, and the required correction is an emergency.Analogous to your vascular system, the financial markets are the arteries of the economy. Analogous to your arteries, when the financial markets are frozen, the monetary supply does not flow. This creates an emergency situation where it is imperative that we restore the monetary flow.
In today's environment it is critical that we on an emergency basis thaw the financial markets thereby enabling the required monetary flow. There is not a lot of time to react. Waiting too long will create a severe recession or a depression.
Reply
editorial
collective
Profiting from the $700 Billion Bailout [view article]
There are three thousand community banks that are capital starved or near capital starved.When Wall Street absorbs the $700 billion, Main Street banks will pay dearly to maintain their capital ratios.
It makes more sense to distribute the $700 billion to American community banks so they can lend for local transactions or the local banks can use it to recapitalize Wall Street. Reply
Profiting from the $700 Billion Bailout [view article]
George Bush has fooled the Democrats once before and that got us into a needless war, which I call BLACK HOLE NO. !. Now he is at it again and the Democrats are caving in again. How stupid can they be? BLACK HOLE NO. 2 will be bigger and move the country into a depression. No matter what congress does the market is headed for a 40% dip, but not right away. However, the US dollar will weaken and gold will rise as they did when the bailout was announced. ReplyInsight
Profiting from the $700 Billion Bailout [view article]
Good article.I agree with what Hedge fund operator, Eric D. Hovde has said. Wall stret and the banks responsible for this mess should not be bailed out. Secretary Paulson has some serious conficlt of interest here between bailing out his wall street buddies and the best interest of the tax payers. Reply
r
Profiting from the $700 Billion Bailout [view article]
So your friend's house appreciated a half million Canadian dollars.So what? What does that say about our current financial crisis? Nothing. If he wants another similar Canadian home, guess what. He will have to spend a bunch of millions of Canadian dollars. (And then lose them all when their asset bubble pops)So the exchange rate changed. That is completely a separate issue which you poorly explain by mentioning a home that nearly doubled in value in its home currency. Exchange rate arbitrage is totally overrated. Try moving just 100 miles within the US and see what I mean.
Reply
Profiting from the $700 Billion Bailout [view article]
Let me speak up here. If the US has 700 billion to boot around why not spend it on infrastructure, roads, bridges, hospitals , schools, universities etc. That would yield tens of thousands of jobs and have a solid foundation for generations to come. Conversely taking 700 billion and putting it into a black hole will put a debt and tax burden on the American people for generations to come. I am a Canadian and am outraged at the audacity of your president to suggest a bailout is the only way. NOT. Give the money back to the people... don't give them a giant bill they will never ever be able to repay. I just don't get your leaders today. Rob from the poor to give to the rich and tell us that is far to complicated for us to figure out and just trust us. You gotta be joking right?? ReplyProfiting from the $700 Billion Bailout [view article]
Let me speak up here. If the US has 700 billion to boot around why not spend it on infrastructure, roads, bridges, hospitals , schools, universities etc. That would yield tens of thousands of jobs and have a solid foundation for generations to come. Conversely taking 700 billion and putting it into a black hole will put a debt and tax burden on the American people for generations to come. I am a Canadian and am outraged at the audacity of your president to suggest a bailout is the only way. NOT. Give the money back to the people... don't give them a giant bill they will never ever be able to repay. I just don't get your leaders today. Rob from the poor to give to the rich and tell us that is far to complicated for us to figure out and just trust us. You gotta be joking right?? ReplyProfiting from the $700 Billion Bailout [view article]
Re: logicalthought. You are correct and that was what I observed when reading through the piece. I haven't thought through all the ramifications of the bailout yet (who can know the future?), but at some point the government is going to own a lot of homes. Until the average price of those homes (now around $215,000) declines to 3x the median family income ($50,000) there is not going to be stabilization. That would be with stabilized employment, which isn't happening. In addition, we know that the free flow of mortgage money is shut down now and if banks are going to avoid this disaster in the future, they have to demand more downpayment, higher FICO scores, higher income to debt ratios, etc from borrowers. It seems to me that all those good people are probably already in homes. Why would they want another one? Do you really believe that there are millions of folks just sitting around in apartments with $40,000 in the bank, no credit card or auto debt and good secure jobs who are patiently waiting for home prices to come down? I don't know of any, but maybe somewhere in Iowa. Not in California, Nevada, and Florida where the problems are. People are leaving those states for financial survival. ReplyProfiting from the $700 Billion Bailout [view article]
Doing nothing will indeed be painfull in the short term. Very painfull. It will also be the best thing that could happen to the US in the long run. It would be the best thing possible for our childrens children. We wil however, accept the easy way out and do the bailout and prolong the eventual devestation that will only get worse over time. We are to soft and greedy to do what is right for the long term benifit of our country and our future generations! Replyht
Profiting from the $700 Billion Bailout [view article]
You've got at least one thing backwards: doing nothing would trigger a "surge of DE-flation." Reply