Second Round of Massive Deleveraging About to Hit U.S. Banking System? [View article]
Every reference to mortgages resetting allude to them being reset at higher rates which is definitely not the case for those mortgages tied to LIBOR or the "weekly average yield on U.S. Treasury securities adjusted to a constantmaturity of one year". With both of these rates at a near all time low, the home owners are seeing drastic reductions in their currently resetting ARM monthly payments. Why is there so little mention of this considerable reduction in monthly ARM rates which produce euphoric results for the effected home owners?
Reply to Farmer: Yes. Since there will eventually be only one bank (The US Treasury), there will be only one currency. The currency will be in denominations of IOUs. They will be redeemed at US Teasury ATMs for IOUs of another color.
Prime Foreclosures Now Greater Than Subprime [View article]
We can look at the percentages and/or the total numbers; neither one brightens the actual picture. The large majority of lenders will survive and a large majority of default borrowers will not. You can put lipstick, earrings, and a low cut blouse on this pig, and it's still a pig.
Best and Worst Dow, S&P 500 Performers YTD [View article]
To Kranky: Touche! I think there are supporting facts for both of us. There definitely are negative factors involved on both sides of our discussion. Neither side is without need of improvement. My hope is that both sides will profit from the strongly-opinionated popular discussion of this WMT vs. the world debate. BTW: I bought my Spiral-cut Ham for Easter at Smith's because their price was lowest! Happy Easter.
Best and Worst Dow, S&P 500 Performers YTD [View article]
Dear Kranky, If you'd like to save some real money; shop WMT! I don't really care what the price of their shares is. It's the price of my groceries, appliances, and other household needs that matter. And where would their employees be working if not at WMT? Do you think Mom & Pop would pay them more?
Second Round of Massive Deleveraging About to Hit U.S. Banking System? [View article]
Why is there so little mention of this considerable reduction in monthly ARM rates which produce euphoric results for the effected home owners?
Wall Street Breakfast: Must-Know News [View article]
Making Sense of the Brokerage Bust [View article]
Prime Foreclosures Now Greater Than Subprime [View article]
Wall Street Breakfast: Must-Know News [View article]
Best and Worst Dow, S&P 500 Performers YTD [View article]
BTW: I bought my Spiral-cut Ham for Easter at Smith's because their price was lowest! Happy Easter.
Best and Worst Dow, S&P 500 Performers YTD [View article]
If you'd like to save some real money; shop WMT! I don't really care what the price of their shares is. It's the price of my groceries, appliances, and other household needs that matter.
And where would their employees be working if not at WMT? Do you think Mom & Pop would pay them more?