GaryD

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81 Comments

    • Thu Jul 24th 09:58 AM | Rating: 0 0
      Commented on:
      This Can't Be Helping Real Estate
      Mark, many ARMs are set to adjust based on the LIBOR rate plus some percentage (maybe about 2%). Unlike the Fannie Mae mortgage rate, the LIBOR rate has not moved up significantly recently and is still very low. Many of the boilerplate agreeements for ARMs had the LIBOR clause in them. People with ARMs should be aware of that since the banks may try to stick them with a much higher mortgage interest rate upon reset. If you are unsure, you should read through your ARM contract carefully. Not doing so could end up costing you 10's or 100's of thousands of dollars over the life of your mortgage. If the bank attempts to foist a higher rate rate on you, you should fight it tooth and nail. Current money rates are available daily from the Wall Street Journal (search for "Money Rates" at wsj.com).
      View article »
    • Wed Jul 23rd 21:59 PM | Rating: 0 0
      Commented on:
      25 Ways to Tell a Banking System Is Unsound
      27. Your bank gives you counterfeit bills

      www.local6.com/news/16...
      View article »
    • Wed Jul 23rd 21:54 PM | Rating: 0 0
      Commented on:
      Experts Tell Congress: To Consumers, It's a Recession
      aoxomoxoa, we already have a socialist president. The choice is between the corporate socialism of the republicans and the bureaucratic socialism of the democrats. The idea that anyone in government or big business has even a vague idea of free markets, self-sufficiency, competition, or innovation in laughable at this stage. For them, "self-sufficiency... means carving our a bigger piece of taxpayer pie, "innovation" means paying a lawyer to write legislation, "competition"... means bribing a bureaucrat to prevent your competitor from operating, and "free markets" mean bribing a politician to block competitors from bringing products to market.
      View article »
    • Wed Jul 23rd 17:34 PM | Rating: 0 0
      Commented on:
      John Hussman: Did Iraq and Tax Cuts Weaken the Economy?
      Budweiser still sucks.
      View article »
    • Tue Jul 22nd 21:55 PM | Rating: 0 0
      Commented on:
      Paulson Keeps Advocating Fannie / Freddie Bailout: Potential Cost $25 Billion
      Give me a break. The $25B is just the leader to get the taxpayer on the hook for a bailout that's going to be 10x - 40x that big. Hank Paulson was one of the guys who set the whole asset-backed security scam up when he was at Goldman Sachs. His purpose in life is to piss on the little guy and this is just another opportunity for him to do just that. Screw him. Someone should tell him to go get a job that doesn't require taxpayer funding. He's never had one of those as far as I can tell.
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    • Fri Jul 18th 16:05 PM | Rating: 0 0
      Commented on:
      The Rise and Fall of the Subprime Mortgage
      A week ago Perry said there was no subprime crises, declaring the $1T in losses "relatively insignificant" (seekingalpha.com/artic...). Now he's calling it a crisis. This guy is definitely angling for a job at the Fed. He'll probably get one, too, which is the really scary part.

      Him and his neo-con buddies probably hate America, based on what I've read from them in the past. Anyone with that level of disdain for their own countrymen should be sent to Iraq or Afghanistan or something to see what the real world looks like. Maybe he would get a better appreciation for America after that instead of spewing off about it.
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    • Fri Jul 11th 11:00 AM | Rating: 0 0
      Commented on:
      A Surprise in Store for the Dollar?
      "Discounters like Wal-Mart (WMT), Costco (COST) and Target (TGT) all reported stronger sales in the month of June as consumers continue to spend their tax rebates. If retail sales remain positive, the US economy may avoid double dipping, which would be a nice surprise for the US dollar."

      Are they sending out another welfare cheque?
      View article »
    • Thu Jul 10th 16:23 PM | Rating: 0 0
      Commented on:
      Pessimism and Doom Our National Pastime: Flashback to the '70s
      So now these government-dependent sycophants like Perry accuse people of being whiners for demanding competent and accountable government. What a glorified welfare-dependent smug little wanker. This post just shows you how much neo-cons like Perry hate America and accountable government and want it replaced by something similar to what their buddies in Saudi Arabia have set up for themselves.
      View article »
    • Fri Jul 4th 20:47 PM | Rating: 0 0
      Commented on:
      Did the 'Enron of Norway' Pull a Fast One on Microsoft?
      Yohoho: "The facts are debatable"? Facts are facts, unless you are a neocon. You also commited a common grammatical error of confusing the possessive "its" with contraction "it's". Odd for someone who fancies himself an expert on reporting.
      View article »
    • Sun Apr 13th 22:17 PM | Rating: 0 0
      Commented on:
      The Realities of Natural Gas
      Georealist,God forbid you actually think for yourself and draw your own investment conclusions. You are a sponge looking for others to do your work for you. Go away.
      View article »
    • Sun Apr 13th 22:04 PM | Rating: 0 0
      Commented on:
      The Credit Crisis and the U.S. Dollar
      Hey richjoy, I've got a bridge for sale. Excellent location. Great opportunity to earn toll revenue.
      View article »
    • Thu Apr 10th 13:19 PM | Rating: 0 0
      Commented on:
      IMF Study Finds Housing Prices Closely Linked to Monetary Policy
      Or, as Ron Paul says, we could let the free market determine rates.
      View article »
    • Tue Apr 8th 15:33 PM | Rating: 0 0
      Commented on:
      Greenspan Blame Game Continues
      Hard to believe that such a yak had so much power and responsibility for so long. I wonder if Greenspan understands economics at all.
      View article »
    • Wed Apr 2nd 11:00 AM | Rating: 0 0
      Commented on:
      The Myth of Gold as an Inflation Hedge
      Why do you inflation adjust the price of gold, but you don't inflation-adjust the price of money? Your analysis makes no sense. Why do you start in 1980 when gold prices had spiked? The proper starting point for the analysis is 1971, when the US was taken off a gold standard. You have chosen a starting point in your analysis that leads to the conclusion that you set out to prove. My friend calls this "the completion backwards principle". It's a telltale sign of a dishonest analyst.
      View article »
    • Mon Mar 31st 10:50 AM | Rating: 0 0
      Commented on:
      Is it Finally Time to Sell Gold and Related Mining Stocks?
      Anyone know why gold lease rates have collapsed?

      www.kitco.com/lease.ch...
      View article »
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