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    • Mon Feb 4th 15:58 PM | Rating: 0 0
      Commented on:
      Herb Greenberg Calls Out Larry Kudlow
      Think of Kudlow as a space meterologist "Mr Sunshine" From 250,000 ft above the earth he can spot sunshine just about anywhere on earth. To him a little rainfall, flood, tornado or hurricane is just a passing event. Tsunami's don't count.
      In one on one, he occasionally makes a reasonable statement. In a group setting..forget it....it's all "Mr Sunshine".
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    • Mon Feb 4th 15:40 PM | Rating: 0 0
      Commented on:
      7 Ways Companies Fuddle Numbers ('Financial Shenanigans' Book Review)
      What ever happened to EF Hutton "we make money the old fashioned way, we earn it" ?
      Today, BIG MONEY through lobbyists can buy legislation with enough loopholes and deceptive language to produce obscene profits based on financial alchemy and "idealogical mathemathics" with the transparency of a black box. Too much politics for the benefit of a few and too much pain for most of the "herd"
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    • Sun Feb 3rd 11:34 AM | Rating: 0 0
      Commented on:
      Bullish Investors Should Be Rooting for the NY Giants
      I assume the authors are intelligent but bored. At the least they have decent paying jobs and internet access plus the ability to "journalize"... This article goes to prove how stupid people believe stupid things in the hope to achieve above average stock market gains. If scientists and engineers used this type of STUPID MATH we would be lighting our homes with batteries.
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    • Sat Feb 2nd 18:13 PM | Rating: 0 0
      Commented on:
      The U.S. Economy: Remembering the Past Could Help Fix the Future
      So many of these problems can be traced back to the lobbyists who have written the legislation and bought both Republicans and Democrats through obscene contributions. In the not too distant past a Republican had fiscal discipline, favored deregulation to ease burdensome government regulation and even had a moral/ethical compass based on core principles. When George Bush and his ideological team took over all of the old rules changed. Watch C-Span and witness (in disgust) the incredible stonewalling of the Agency Administrators at the oversight hearings FDA, EPA. GAO, Justice and on and on. Don't even include the War in Iraq. It's an embarrasment to American democracy and our system of checks and balances. Enron all over. Mark to market accounting, off balance sheet transactions, creative accounting, CDO's, structured finance. "A house of cards built over a gallon of gasoline."
      MBIA, for all practical purposes wrote the bankruptcy laws that Congress enacted. All credit card companies prey on the uneducated the weak and the desperate. The interest rates and fees are pure usery. Testimony before the Senate finance committee from the executivesof the credit card companies revealed nothing but Cheshire Cats grinning. They knew every loophole so everything they do is according to law. Just like the tobacco company CEO's stating under oath there is no link (indisputable scientific evidence... a legal term meaning we need to study it for 100 more years) between smoking and cancer. BIG MONEY. It's now known that Merrill Lynch and others are refunding money to small school districts (Bloomberg, Erie Pa and more) who had little ability to understand the complexity of the contracts. What ML knew is that their fees were huge allowing incredible profits and year end bonuses. BIG MONEY.
      GREED, FRAUD, WASTE and ABUSE. Are these the principles of our elected officials and BIG MONEY? We have too many politicians and not enough Statesmen.
      As for MBIA and AMBAC; the social cost to let them fail is a very high price to pay.
      What were seeing is capitalism run amuck or maybe the beginnings of financial terrorism.
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    • Thu Jan 31st 18:29 PM | Rating: 0 0
      Commented on:
      Housing Market Tracker - Affordability Still a Problem
      The NAR must be on crack if they expect me to believe the monthly housing affordability index is 20.5. when "The housing downturn hasn't made homes much more affordable... in the Baltimore metro area... " as stated in the last paragraph. ... unless Countrywide is still writing 3% ARM's at 100% LTV and not including taxes and insurance.
      Does anyone else see this disconnect? Has the NAR brain trust decoupled? It must be the best time to buy real estate..... for somebody ...but not very many.
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    • Tue Jan 29th 19:50 PM | Rating: 0 0
      Commented on:
      Dear Ben...
      Ben is the Messenger. Wall Street is playing KILL THE MESSENGER. Watch the Enron story "The Smartest Guys in the Room" and you will quickly come to the conclusion we have not learned the Enron lessons. Mark to Market Accounting - seems to work well in good times. Not so good when the bets made go against and you have to double down to cover. Derivatives- so complex only those in the boiler room would ever claim to any understanding what's in the black box. General greed by all players involved in the sub-prime mortgage mess. Few FED tools to deal with the mess and a Political environment of Deregulation which probably meant pressure not to investigate much of anything. Conflicts of interest at every turn. Wall street needing an interest rate fix every week. And Ben trying to bail out the ship of state with a Starbucks paper cup.
      As in recent history when King's ruled.. the turnover of messengers is pretty high.
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    • Mon Jan 28th 08:33 AM | Rating: 0 0
      Commented on:
      Too Negative? Guilty As Charged
      Good Luck Herb! It's a basic math problem. A+B=C
      Cheerleaders never understood the concept of negative numbers. They can handle A or B being negative by ignoring one or the other. But the concept of all three as negative does not register.
      Think about this.
      A= Kudlow
      B=Cramer
      C=McLaughlin
      The result is total noise. So don't worry about your appearance on Kudlow's "SHOW". To get your point across just bring a poster board with A+B=C, hang it around your neck and let's see what happens.
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    • Tue Jan 22nd 03:44 AM | Rating: 0 0
      Commented on:
      Rep. Kaptur Gets Very Confused on Bernanke
      Thomas Sowell, PHD Economics and author "Economics Facts and Fallacies" writes "It's hard to change peoples minds with facts" No translation required.
      Keep in mind these are the folks who write bad checks on Capital Hill and as long as there are checks in the checkbook. They'll continue to write checks regardless of the balance.
      Lastly, does anyone have confidence in Paulson when he speaks? Sounds like every word needs to be parsed and defined.
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    • Sat Jan 19th 17:50 PM | Rating: 0 0
      Commented on:
      Hewlett-Packard Looks Recession-Proof
      Nov 07 ~ $53. Jan 08 ~ $43 down ~$10.00 in two months. New definition of recession proof.
      View article »
    • Sat Jan 19th 17:19 PM | Rating: 0 0
      Commented on:
      Wall St. Bonuses Up in 2007, Despite It All
      Just goes to prove that the members of the club (includes CEO's and BOD's) win regardless of the damage to shareholders.
      View article »
    • Mon Jan 7th 00:39 AM | Rating: 0 0
      Commented on:
      A Twist on the 'January Effect'
      What this proves is that economics is a liberal arts course and not a science or worse is the fact that a journalist took a couple of econ and statistics coursed in college. Or better yet we're all fools because (mostly) we believe what is in print (ir)regardless of whether it makes any sense. Economists like to think they are mathematicians and given enough time, data and statistical "analysis" they can "prove" just about anything. How about the sunshine effect, Superbowl effect, the market is slow because the traders are on vacation effect .. etc. Eventually, the probability of a correct answer validates the "theory". The truth is some people do win in Las Vegas too.
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    • Wed Jan 2nd 16:51 PM | Rating: 0 0
      Commented on:
      Astute Investors: Beware of Pundits Who Ask the Wrong Questions
      "I know you believe what I said is true, but I am not sure you understand that what I said is not what I meant" Applies to politicians, economists, stock market analysts, journalists and more.
      View article »
    • Wed Jan 2nd 16:45 PM | Rating: 0 0
      Commented on:
      Exports to the Rescue?
      From the top down it looks like a wash. But exports are doing little to add jobs. They do more for corporate profitability. The "home prices" is more than an antiseptic economic term. The sub-prime mess has not been fully accounted. Not only have good construction jobs been lost but look at the impact of suppliers US Gypsum, Home Depot, Home Builders, Real Estate Agencies, Mortgage Companies , Big Banks and more...Just the reduction in stock market capitalization is staggering among the preceeding group. I believe the impact of the layoffs here are not fully recognized as people live off their credit cards while finding new jobs at less pay. Add in the stress of top line inflation gas, groceries and energy costs and the consumer gets the "wash".
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    • Wed Dec 26th 11:19 AM | Rating: 0 0
      Commented on:
      The Inevitable Derivative Meltdown
      I'm going to WalMart right now to get two bottles of water, a roll of toilet paper and a frozen pizza to be prepared. I'm also going to stick my head between my legs and kiss my ass goodbye! But before I do I'll find out where those rich greedy bastards live and have an action plan.
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    • Tue Dec 25th 17:06 PM | Rating: 0 0
      Commented on:
      In a Storm, Both the Good and Bad Get Hit
      In this high risk questionable reward environment, would it not be more prudent to find a safe haven to ride out the storm? Let's assume the big banks "fix" the balance sheets in 2008. How much will they sacrifice to do so? What will be the quality of earnings? Can we assume their profit model will be decent with an infusion of capital?
      I think next year will bring pack dog lawyers, congressional oversight and new regulations. I anticipate the evening news will be full of "sub-prime" related stories. This can't be a good environment for investment.
      View article »
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