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DaLatin

DaLatin
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  • More on the current account: The Q4 deficit of $124.1B was the largest in 3 years. For 2011, the current account deficit summed to $473.4B against $470.9B in 2010 - the 2nd consecutive increase - dashing ideas one of the results of the financial crisis would be to balance global imbalances. (tables, .pdf)  [View news story]
    winn, I agree with the global Ponzi bond scheme,but, I believe that is just a tiny segment of the overall Ponzi monetary fiat way of life the world has adopted

    The politicians put on a show and pretend to be doing our business,but, they are only jockeying for a better position to get to the front of the line at one of the giant money cartels of which Fed. Benny B is the ultimate KING. As he controls the world " reserve"currency !

    Funny, the Fed is steering the world into equities and removed any reason to be in Gov paper or even bank the dollars. Thus, multinational symbols are safer than banks or bonds an are the only way to hedge against the PLANNED inflation an debasement of the currencies. FUNNY.
    Mar 15 06:30 AM | 2 Likes Like |Link to Comment
  • "We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more."  [View news story]
    mad, you both are missing the point. There is nothing wrong with the tea party and their politics ! There is something wrong with our two party system !

    The enemy to all Americans is bipartism or to put it clear COMPROMISE ! Yes the idiots wheeled an make deals an passed a BILL. But it's incredibly flawed as are most every BILL .

    Now, nothing is ever done correctly. NOTHING.

    The founders had a serious dilemma. They knew democracy was just as bad as the Monarchy they were fighting against. They struggled to form a REPUBLIC an there is a huge difference.

    Many citizens don't vote and as many don't have the time to have all the facts needed to properly vote. Thus, the representatives must act on our behalf's. And, as we know they answer to there constituents locally and what is good for NY may not be good for Florida. Those people are hearded into one of the two groups by t/v commercial cheerleaders and that is 100% obviously by the comments on this thread. The facts being bantered back an forth are bogus soundbites on both sides.

    Nothing is getting fixed an both parties must continue to deliver the goods to there constituents,so, nothing can be done right. Both parties are putting us deeper an deeper into the abyss. And, the nail in the US system is when the Dem's took the fail safe check an balance away from the State's by forcing the State's to elect Senators an not select them as the founders had designed. Now , a Senator can go against his own State an vote with his party and there are only two per State. Thus, because of the 60 vote mandate became almost godlike an hurt the very system the founders struggled to set up.

    We either need to scrap the entire system or do as they recently did in Italy an scrapped their election an placed an autocrat as President ! He is against all sides an he has been given the authority to fix the economic situation.. Or else.. If he fails Italy collapses and they had to do it without an election.

    The US needs to scrap one election cycle an install a king like autocrat who can do the right thing without crap from both sides.This way neither political group can demand the wrong things an call it bipartisn, Will it happen ?

    NO !!!!!!!!!

    So, the Fed will continue this horrific fiat game ,so, both Reps an Dems can keep spending an buying there votes ! And, your 1600 in dividends will drop and what you do get will buy less an less as the US dollar is being destroyed by plan.

    There are two possible ways out of the US problem. One, inflate our way out or two destroy the dollar. There is a third as MASSIVE austerity,but, that is never going on the table as the democrats are convinced they can use debt an more debt to get out and both sides as you an phemale60 can agree that our politicos can compromise. Then on continuing to share new problems by each side putting in something for themselves.
    SAD. Very sad !
    Mar 15 06:00 AM | 1 Like Like |Link to Comment
  • Freeport-McMoRan: A Potential Buy For 2012 [View article]
    Dr. G, I am wanting to own FCX as well. Your call on going lower is spot on now as the 1 trillion question in China IN A HARD LANDING now or not. Recent numbers on car sales an real estate price roll backs as Wen Jiabao states ..I am leaning towards that direction an China's record copper buying recently should slow copper imports abit.

    I am wanting FCX an have a gtc buy at 35
    Mar 15 05:24 AM | 2 Likes Like |Link to Comment
  • The Employment Recovery Is Real [View article]
    WMARKW, thanks for posting the link. DL aka pokalolo
    Mar 15 05:20 AM | 2 Likes Like |Link to Comment
  • More on the current account: The Q4 deficit of $124.1B was the largest in 3 years. For 2011, the current account deficit summed to $473.4B against $470.9B in 2010 - the 2nd consecutive increase - dashing ideas one of the results of the financial crisis would be to balance global imbalances. (tables, .pdf)  [View news story]
    winn, if you follow the Treasury.gov site it's clear the Chinese have stopped buying. The Fed an Japan with a tiny amount of ME buying was there ,but, MEs are into gold bullion now an Japan has issues,so, I do expect the Fed will not be able to stop the yield pop.

    I am firm in my beliefs,but, one need only look to month 4 of QE2 to see the rates nearing 4%. If not for the Arab Spring starting in Yemen an then the Egyptian eruption there world not have been the fear that drove much of the financial world into the safety of that paper! QE2 would have been a disaster.

    That is on the way.......It will blow all deficit projections out the window. No wonder the Chinese are floating gold backed Yuan. S Korea already did it and the BRICs will join. Bad things are brewing and contrary to all I don't think Ben plucked the stress test from outta nowhere......... IMHO.....................
    Mar 14 07:23 PM | 2 Likes Like |Link to Comment
  • More on the current account: The Q4 deficit of $124.1B was the largest in 3 years. For 2011, the current account deficit summed to $473.4B against $470.9B in 2010 - the 2nd consecutive increase - dashing ideas one of the results of the financial crisis would be to balance global imbalances. (tables, .pdf)  [View news story]
    That buying ends in June..And they supposedly sold the dollar equiv in short stuff to keep the balance the same.
    Mar 14 07:06 PM | 2 Likes Like |Link to Comment
  • Your Options For Tax-Deferred Retirement Investing [View article]
    Dave, thanx for the heads up on the talk. I never would have seen the article. Well written ! aloha
    Mar 14 06:26 PM | 2 Likes Like |Link to Comment
  • Draghi Plan Is Working: The Time Has Come To Buy Some European Banks [View article]
    carson73l, thanx. I'm not into the EU banks as there ALL insolvent by a long shot. HSBC is solid and not tied into CDS swaps an had no exposure. I have a stop protecting 9 points and I believe 50s is coming and dividends are safe.
    Mar 14 06:06 PM | 1 Like Like |Link to Comment
  • More on the current account: The Q4 deficit of $124.1B was the largest in 3 years. For 2011, the current account deficit summed to $473.4B against $470.9B in 2010 - the 2nd consecutive increase - dashing ideas one of the results of the financial crisis would be to balance global imbalances. (tables, .pdf)  [View news story]
    What will the bond vigilantes do when they smell this.
    4%- 10 yr ? 4.5% ? Go TBT and TMV.

    The higher rates should add another 100 to 200 Bill per point. Way cool.
    Mar 14 05:15 PM | 2 Likes Like |Link to Comment
  • Your Options For Tax-Deferred Retirement Investing [View article]
    Thanx for the article. Now at 86 I learned when I was poor to do as the rich do. It took me almost 4 years of hassles an paperwork,but, my Roth IRA is titled in a foundation. Just like Buffet an Gates an many more.

    I too am leaving nothing to my family( like Buffet an Gates) and I do some charity,but,when my clock stops ticking my nephew opens a letter and it gives him directorship over all the assets on 3 continents and nothing changes title...

    No IRS or anything an the Foundation is offshore. Hey now and all assets ,should they be sold are not taxable in that country.

    My nephew can set a letter aside should he not direct it and so on an so on. So, I too can say I left nothing to my family ,but, they can manage it for centuries.

    So, there are lots of ideas for retiring,but, foundations are better than LLCs or WILLs.................... suerte DL
    Mar 14 05:06 PM | 2 Likes Like |Link to Comment
  • "We can't just drill our way to lower gas prices when we consume 20% of the world's oil," President Obama says during his weekly address. Obama took the opportunity to advocate for his "all of the above" strategy, that relies less on foreign fossil fuels, and more on: "solar, wind, natural gas, biofuels, and more."  [View news story]
    Shameful. a 63 year old still telling fibs or is it just stupidity. Obama gave 15% an Mitt 14% ,but, Mitt made many millions more an gave way more. Obama's money is in a blind trust by law and didn't direct it himself. A top CPA did it ,so, he could keep as much as possible. Mitt's been doing it ALL his life.

    PS. NY was my home for almost 50 years and NY security ignores the Fed idiots.
    Mar 14 04:39 PM | 1 Like Like |Link to Comment
  • ARMOUR Residential REIT (ARR) -2.8% AH after announcing a 26M share stock offering, good for proceeds of $185M based on today's close. The company plans to use the proceeds to buy additional mortgage-backed securities.  [View news story]
    Got stopped out at 7,but, scooped up them an a batch more this am. $ 6.45 missed it at 6.40
    Mar 14 02:05 PM | 2 Likes Like |Link to Comment
  • Nomura defends Citigroup (C -3.3%) in the wake of its stress test failure. The firm thinks the results only serve to push back Citi's capital returns "until later this year or next," and notes a planned $2B stock buyback would have only boosted this year's EPS by $0.04. It still likes Citi on account of its low valuation, international position, margin stability, and limited mortgage-related risk. (JPMorgan downgrade)  [View news story]
    I want to know how much Parsons split with ?? Touts sky is limit.
    Pandit gets mega pay an bonus 24 hours before results. Dam.

    Did we all forget the 10 for 1 reverse split already ?
    Those old share holders need a few centuries to get back to Sandy's days.
    Mar 14 09:56 AM | 1 Like Like |Link to Comment
  • "What the central bank didn't do or say was also notable," writes Jon Hilsenrath of yesterday's Fed meeting: No change to its assurance that short-term rates will stay near zero until late 2014 and no indication QE3 is in the cards.  [View news story]
    A true assessment,but, news flash.. The market will set the rates and if they see that equities are real the Bond buying dries an up go the rates !

    Fed Ben can't fight vigilantes if and when !
    Mar 14 07:55 AM | 1 Like Like |Link to Comment
  • The U.S. will file a complaint today with the WTO over China's quota for rare earth exports, with Pres. Obama expected to personally announce the action.  [View news story]
    Obama better check with his boys first before assaulting China. The Union boys picked uncle Wen over him !

    http://bit.ly/ABvoxv
    Mar 14 02:21 AM | 1 Like Like |Link to Comment
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