waldipup

How Much Did 'Cash for Clunkers' Cost?

As already pointed out , the White House response is unbelievable -

Admitting that they are fast forwarding future potential economic activity to satisfy the immediate -

To simply admit this as a defense(!) of their program is mindboggling , because it demonstrates what they consider a viable mindset without even blinking -

As the Grass Roots put it , "Lets Live For Today".
Everything they do does not take into consideration the longer term effects it has -

Sure , these would be great "solutions" -

If there was no future to consider!!!!

Roubini Hates Gold: Is He Wrong Again?

Just hold your gold , or at least most of it if you want to take some profits to average yourself in the event of a drop.

This isn't even about gold -

It's about the fact that every freakin time there's a historic bull market move , someone's always there trying to convince you to "get out".

Dont take the bait. I bought silver at 4 bucks and gold at 300's and have been listening to that stuff for years now.

Did the naysayers buy at 4 and 300's and hold?

Why Mortgages Aren’t Modified and What a Ruling Stopping Foreclosures Means

One point not exemplified here was that the Landmark mortgage was a first mortgage , and the Millenia , later sold to Sovereign , a second mortgage , junior to the Landmark first mortgage.

And so regardless of notification issues or anything , what would have occurred differently?

Nothing.

Even if properly notified , what could Sovereign or MERS as their agent done to change anything regarding the Landmark first mortgage forclosure action?

Nothing.

As to where the liability involved lies for the lack of proper notification -

It lies with THE ATTORNEY for Sovereign , and / or Sovereign's Title Co. , for failing to add Sovereign to the County Clerk record as new assignee of the Millenia second mortgage.

Nonetheless , if any equity was remaining after satisfying the Landmark forclosure debt , since the Millenia second mortgage was on record at the County Clerk , any remaining proceeds would have gone towards the outstanding debt on that loan , which would have eventually found its way into the pocket of -

Sovereign , the assignee and owner of that Millenia second mortgage .

So in this case , the bottom line is -

Nothing mattered anyway.

And if I knew the numbers , I'd bet that nothing mattered anyway a second time per the second mortgage Sovereign held and the homeowner winning on predatory lending by them , because -

I'm guessing there wasn't any equity left after the Landmark forclosure anyway!

Freeport McMoRan, For Copper's Comeback

I disagree.

Prices are not cheap , and in fact quite high on this stock , and about to test longer term resistance above.

I'd wait for a more substantial drop , or look for cheaper companies in the sector.

Aflac Offers Valuation, Leverage, Growth and Income

"Aflac (AFL) trades at a mere 8.9 times earnings. That’s approximately half their historical normal P/E ratio of 17 plus."

The chart shown if you hit the symbol at the top of the article shows a PE of 16.2?

(earnings around 2.5/sh. , share price around 40 = PE around 16 ).

Cash for Clunkers: Everyone's a Winner

"this program does show that smart government spending can stimulate the economy. "

Hooraay for CASH FOR CLUNKERS , the newest TV Game Show!

Maybe we can get Vanna White as a host.

Why am I buying someone else a car with my freakin money?

Why am I paying taxes to subsidize my neighbors car?

Yeah , nice analysis , it's a win win , for everyone , lets have a few spinoffs , like the reality shows -

CASH FOR REFRIFGERATORS , CASH FOR LAPTOPS , CASH FOR .....

Gimmee a break . This is absofreakinlutely NOT the governments job or mandate , and indicative of the downfall of the free market system and the limited role government should be playing in our lives.

You like it now , like a junky likes his first free hit.

August Opens with a Bang, But Still Not Too Late for Income Investors

Thanks , but I think I wont buy someone else's shares near the 3 year high range for the 8% yield.

Alexandria Real Estate: High Dividend Paying REIT

Not taking a personal opinion myself , but this other guy has this reit listed under his "weekly dogs with fleas" list!

seekingalpha.com/artic...

Very hard to know what's safe these days.

How Will CFTC Commodity Price Investigations Affect Trading in Silver?

"If the major shorts are forced to reduce the size of their positions, I asked myself who was going to take the other side of the longs when a contract is bought. Open interest goes up as the silver price increases, so it seems to me that if you limit the shorts then you are limiting the longs as well. The outcome of such a CFTC measure on silver may dampen the crashes we have seen in silver since 2004, but it may also dampen the run ups as well."

Open interest goes up as new longs enter , not short covering , and that would remain the same.

It would not rise as much as banks open new shorts (not long covering) if they enter with less positions ,

but the banks opening fewer new shorts would cause longs to hold their positions rather than cover thinking " here go the shorters again" , so the upside would benefit ?

Also , if fewer shorts occur due to lower position limits , the ability to crash the market will be mitigated , which may cause the shorters to reconsider their overall strategy to short the market ,

As their attempts to drop it will be riskier with less "big guns" (positions) in their arsenal.

Banks Not Letting Owners of Foreclosed Homes Walk Away

PS.-

They dont have to pay the taxes either because the lien is against the property , not the homeowner.

Why would someone with so little knowledge about this process post an article on it?

This only serves to dilute the informational quality of this website.

Post on what you know about, not what you dont.

Banks Not Letting Owners of Foreclosed Homes Walk Away

So you are saying that the homeowner gets to continue living in the house?

Until a forclosure is completed , transferring ownership to the bank or successful auction bidder , the homeowner still owns the property legally and retains the right of possession -

So yes , they have to pay the taxes -

What a bargain!

Pay the taxes and continue to live in the home not paying the mortgage!

Are you sure that you dont want to reconsider the point of this article?

Pennsylvania REIT: A Bargain in the Retail Sphere

Interesting and knowledgable analysis ,

Unfortunately coming to the correct conclusion -

Nobody Nose Nutin .

Maybe Preit can plod along , pay a dividend , and wait out the bad times and appreciate in the future.

And maybe it can become closer to worthless with dropping values and debt refinancing/servicing problems.

Phoenix Housing Inventory Down

Since sales totals dont account for inventory reductions , we can only conclude two possible reasons :

1) People have decided to keep their homes instead of sell.

2) Prices have dropped too low for some to sell (negative equity) or
a refusal to sell (struggle and wait) rather than "giveaway" their
largest asset.

Unless it's the first above, we can expect any attempt at price increases to be met with an accompanying rise in inventory for sale , stunting prices.

Thus "jumping in" is not necessary - prices will bump along for awhile before any meaningful rise that holds.

Time to Reenter GE

Extremely bad timing to push this stock to less than sophisticated investors.

Sure it was a buy at 6 .

Who knew it would go to 6?

Was it a buy only then , or at 9 before it hit 6 , 12 before it hit 9 ....

Now it has risen to 14 + and backed off to 13.

THIS IS ABSOFREAKINLUTELY NOT THE TIME TO RE-ENTER GE.

Sure , it could rise. Nobody can say for sure.

But you dont responsibly pump a stock that has taken the upward run this one has from its oversold level suggesting to buy near its peak ,

When all indications are that a correction is due.

Look at the overbought level (green , top of chart linked below) it is now just coming off of.

Look at the bearish MACD cross (black crossing below red , bottom of chart) after a loooong run up -

Indicating the recent small drop is the beginning of a change in trend.

Shame on you.

I dont know enough to guess at the longer term direction of GE ,
but you dont rec it now after a long run up and tech signals that it's peaked.

At leaast wait for a meaningful correction before pumping this.

stockcharts.com/h-sc/u...

If Gold Bugs' Fantasies Came True

What is the alternative?

Dont buy gold?

If the worst of the worst happens , gold might not help.

Or , in that scenario , it may save your life.

And if less than the worst of the worst happens , it might generally be quite financially beneficial.

I dont think the question is if one should buy , or just what it is that will happen.

I think the question is what is the downside to buying as opposed to not.

At minimum ,workin out better than Lehman Bros. stock.