jack kreg

Six Signs Economy Is Turning the Corner

American industry may have leaned out to the point where it can make a profit and the banks are being massively subsidized with ZERO % rates, if you can that the ECONOMY then things are getting rosy.

BUT, new American job creation is years off, perhaps a lost decade of job creation is being legislated in Congress, with a newly socialized energy and health industry, I anticipate years of high joblessness, perhaps a lost decade,
Are we waiting for 2020 to get new American jobs?
Well I would take the 3 million that Obama promised in his campaign??
where are they, ghost jobs??

State Budget Woes: Are We There Yet?

its beyond me and telling how states reduce expenses,
do they cut salary's, and maintain services, like a business would?? no
do they cut hours but not salary's, yes, this completely ignores the fact that States are supposed to provide services, roads, waterways, mountains, etc, but no services is not the priority, simply cut hours, saving money yes, but also reducing services and efficiency.

States need massive cuts in salarys and benefits, they are currently way overcompensating compared to private sector, where even 401K's are hard to find.
but in the public sector, 401K's are not good enough, they (public gov worker unions) demand, defined benefit retirements plus health care, essentially no where to be found in private sector.
The local school district, SoCal, just hired a director for $250,000 plus life time benefits, thats outrageous and must come to an end.

Why This Rally Is Unsustainable

NS, you need some help with clarity. but you really just missed the real issue, Obama's socialism will not work. Yes, printing and borrowing money will prop up failed banks and auto's, but a sustained economic recovery is not in our future.
I expect high un-employment thru Obama's first term, easily over 10% for 4 more years. with that level of un-employment how can stocks appreciate? I think best strategy is for solid co's, international sales, and dividends. Possibly returning 4-7% annual. Much higher taxes on income and energy, both bad for jobs and the economy.
I wish you would have offered a clearly written summary, but thanks for trying.

Is Bank Nationalization Still an Option?

nationalization is dead, finally, the Bolshevik's have been driven back into the sea, hopefully gone forever.

Don't Blame Mark-to-Market for This Crisis

some how this article, should have been a conversation with a close friend at the bar over a series of strong drinks.
Railing against S Forbes on economic policy's M2M is not the authors strong point.
Maybe she should try her hand at writing sit com's, like Cheers, the bar seen and lots of gloom.

M2M is clearly undervaluing the assets of much of our financial industry, as was better said, by mplaut and bookvalue, thanks.

The Need for a New Approach to Regulation

"belief in free market ideologies",
what is free about telling Freddie and Fannie to back/guarantee home loans to unqualified borrowers, that is low or zero down payment and no verified income. Without these guarantees, what bank would have made these loans and kept it on its books!!
In a really free market, the gov would not back home loans to unqualified borrowers and banks would only make loans to qualified borrowers, with reasonable down payments and verifiable incomes.
That free market is alive a well in a closet in the USA.
Hopefully, we have stopped making loans to unqualified borrowers.