stacey laliberte

3 Comments

    • ON: Wed Feb 13th 15:23 PM
      Commented on:
      Bond Insurers: The Monster in the Closet
      Not sure if my timing on this article was good or bad. the markets blasted off on the news that Warren Buffet plans to bail out the bond insurers. Tomorrow may be a different story for the markets, once investors digest what Mr. Buffets offer actually entails. Mr. Buffet only wants to back their municipal bond portfolios, and not the mortgage backed toxic portfolios.Municipal bonds are not where the problem lies. The offer wont do anything to back up the bond insurers high risk debt. The offer has been rejected by at least one insurer. If this offer isn't accepted the credit rating agencies will eventually have to pull the AAA rating from some insurers.
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    • ON: Sun Jan 13th 14:15 PM
      Commented on:
      Going For Gold With Yamana
      this was one of those rare instant gratification stocks for me, bought it in December and sold my initial investment, (I'll let the profit ride) for a 40 % gain on Friday. I'm sure I'll be back again.

      I figure 2008 will be the year of the goldbug. Yamana is definitely one of the better stocks when it comes to upside potential, Agnico Eagle looks good too.
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    • ON: Tue Dec 18th 02:34 AM
      Commented on:
      Fannie Mae: Beyond Economical Repair?
      "Big deal, Bernanke prints 270 Million dollars to make up the difference."


      Ummm, I think you mean 270 billion dollars.(it's o.k. who can fathom a trillion anyway?)

      This is a huge deal. American dollars are beginning to be viewed as nothing more than I.O.U.'s .

      Iran has recently announced that it will no longer accept US dollars as payment for oil. They cite the recent devaluing and uncertainty of the greenback as their reasons why, I'm sure Iran has other reasons, (the ongoing peeing contest with the US).

      Russia has jumped into the fray with Gazprom requesting payment for it's oil and gas in rubles.

      The U.S. dollar is the standard payment for oil because it's the worlds reserve currency, not vice versa. In other words the dollar is not the worlds reserve currency because it's the standard payment for oil.

      I'm afraid that the US dollar is losing it's credibility as a reserve currency. Everyday we are inundated with headlines that show just what is backing the US dollar - debt.

      The US economy has been running on credit since 2000. The easy credit made for easy home buying, the easy home buying made for rising house prices. the rising house prices made for big lines of credit, the big lines of credit made for wanton spending.

      According to an article in the globe and mail US consumer spending accounts for a whopping 72% of US G.D.P. If all the easy money disappears, look out.

      Unfortunately big business's love affair with outsourcing American manufacturing, has done little to back the currency either. What it did accomplish, was it converted solid, oops this turning into an article.

      As a good Canadian, I would like to apologize to anyone offended by this diatribe.
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