BxCapricorn

Seven Uncomfortable Predictions for the Economy

Actually, it's darkest when the sun is 180 degrees out, or halfway through the night, which is why dusk immediately follows the dawn, and not 9 pm.

But trust that the stock market precedes the economic recovery by six months, BECAUSE WE NEED your sucker money to get it recovered. Won't you help...dial...1-800-LO... and for your donation, you will receive a picture of your Wall Street child, and be able to correspond with them...for less than the cost of a coffee company a day.

AIG Bonuses Are Just the Tip of the Iceberg

The MHFT is hilarious. 539 comments, and not in the top 100 who post comments here. I'm guessing your report card always said, "does not play well with others", which would be a badge of honor if you were a maverick thinker, instead of an pariah to society. Oh, what a drag. AIG "upper management" didn't get their bonus checks, free and clear, because they abused an unregulated system, akin to someone who robs an convenience store because they know they can't afford security cameras.

How Banks Hedge Counterparty Risk

As confusing as the explanation can be, the mathematical formulas upon which these relationships are based, are far beyond the understanding of every member of a corporate board. I'd give you a link, but your brain might overload. We're talking more Greek characters than a Shipping Industry convention.

The Mess on Wall Street: $4 Trillion Down the Drain

Your graphic had Citigroup by mistake...oh, rats, I gave that one away too. Time travel can be quite confusing. I thought this was mid-October.

AIG: America's Insurance Giant

The currency issue may just be a planned event by the central banks, as capital is "infused" worldwide. Similar to the Night that Billy Joe McAllister jumped off the Tallahatchee Bridge (chorus)....

The Mess on Wall Street: $4 Trillion Down the Drain

Shouldibuyit...since you are unable to do this yourself, you go to Yahoo! and enter the symbol. They choose "key statistics". Oh, lookey here! It say WM is worth 3.94B.

finance.yahoo.com/q/ks...

To all those that worry about the people (government) taking back their property (stocks, bonds, etc.) I can only ask "why"? The machine failed and you're getting back your assets for pennies on the dollar, without a revolution. If AIG, WM, BSC, LEH, FNM, FRE, MER, and others had stayed private, you would have had......what? Now you own them, for next to nothing, and the only thing you did not get was MER, and BAC stepped up and did the "blue blood" thing, and overpaid. We'll look back on this, ten years from now, over a burger, the five dollar one, not the $15 dolllar one, and laugh, laugh, laugh.

Federal Reserve Buys AIG

The PPT isn't here because the "free market" succeeded. It's here because the pampered, aristocrats that ran the system tried to wreck your country.

Federal Reserve Buys AIG

So, let me get this straight. You would prefer the "handlers" who send our children off to war for oil, to be "capitalists" who dictate which of the three forks to the right, to you use when eating your salad...[oooh, whooo, he chose the small one....] to the Federal government that is, by our Constitution, answerable to YOU! If the "free market" yahoos that were unregulated, couldn't make a profit, from the system they designed AND CONTROLLED, then they should be replaced by other yahoos that we FREELY ELECT. It's the American way.

Federal Reserve Buys AIG

Ho, ho, hoaaaa...wait just a minute. Isn't this the same government that normally throws its money away on military spending, bridges to nowhere (I know that got canceled but guess what, Alaska got the money, and spent it on "other stuff"), endless roads to everywhere, and programs for every special interest group, everywhere. Now everyone is all bent about them "investing" in something that may just make some money! Christ, do you realize the paradigm shift related to federal funds potentially returning money to its shareholders (US citizens)! Get over the laissez faire economic model people. The government finally has leverage over someone and they're banking coin with it. Hallelujah!

Worst Downgrades - Cramer's Stop Trading! (9/5/08)

How anyone can doubt that Cramer is in the back pocket of financials like Lehman, after cheering them on, day after day, is beyond me. Ospraie, 20% owned by Lehman I've read, sells off on redemptions and there's Cramer, ignoring that fact, but saying their something fundamentally wrong with a company like RIG. Are they making too much in contracted day rates, signed years in advance? Is the forward P/E too ridiculously LOW? The Chinese idle 2M factory workers and 230 plus factories from July 17th until the completion of the paralympics (Sept. 16th), and the industrial world ends with people like Cramer trying to throw commodities under the bus, to slow it's path directly at his financials. I love the 300 days until a housing bottom even more than last year's prediction that the DJIA would hit 14,548. That's priceless. It's twice that.