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  • Detroit pulls the plug and files for Chapter 9 bankruptcy after emergency manager Kevyn Orr fails to a cut a deal with creditors. The city becomes the largest in U.S. history to file for bankruptcy. A few stocks trading lower on the news: MBI -15%, RDN -0.2%, MTG -1%, F -0.7%, GM -0.7%, MUNI -0.3%, PZA -0.5%, ITM -0.3%, HYD -0.8%[View news story]
    Kevyn Orr : The Next Fed chairman.
    Jul 18 08:51 PM | 2 Likes Like |Link to Comment
  • Money manager and Fox Business contributor Tobin Smith is dumped by the network following a report his firm accepts money from microcap companies to promote their stocks. Smith and friends just pocketed $50K from a stock endorsement for Petrosonic Energy (PSON.OB), a Bulletin Board company that has no revenues - "taking a bag of cash and luring the dumbest, poorest people into losses," Josh Brown says[View news story]
    He will end up doing you tube videos.That is the future for most as television continues it's downward spiral.
    Jun 18 09:07 PM | 2 Likes Like |Link to Comment
  • Capital control decree from Cyprus via WSJ: Cashing of checks is suspended and depositors will not be able to redeem time deposit accounts before maturity. Credit card transactions are capped at €5K/person/month. €3K of cash is allowed out of the country/person/trip. From the Department of You Can't Make This Stuff Up: No restrictions on making deposits or opening new accounts. The decree is valid for 7 days. Who wants the under on that one? [View news story]
    Rent is due on the first.But do not worry as the Landlord will be standing in a queue just like everyone else.
    Mar 27 09:05 PM | 2 Likes Like |Link to Comment
  • Must Read Information On Popular REITs For 2013 [View article]
    Thanks for the list.Be mindful that the banks and their minions do not want the word to get out that dividend yields in excess of .30 % exist in the world.Compare the yields on your stock list to the banks CD rates and you see the disconnect.Risk is a given in the Stock Market but so is playing it cautious and parking it in a bank account.Soon people will pay the banks to hold their own money.
    Dec 26 01:37 AM | 2 Likes Like |Link to Comment
  • Wow. Blankfein: "The biggest threat to Goldman Sachs was the poor performance and bad risk management practices of our competitors." (earlier)  [View news story]
    I learned something new today.Goldman has competitors.
    Apr 25 12:16 PM | 2 Likes Like |Link to Comment
  • The number of jobless receiving unemployment benefits has plummeted to 48% from 75% early last year, with nearly a third of the 14M people without a job not having worked for at least a year. Around 2M have used up 99 weeks of checks and still haven't been hired.
     [View news story]
    When a person walks down the street,one look over the shoulder to make sure no one follows.This will become the norm in the near future.Also traveling in numbers rather than solo while shopping.
    Nov 6 12:47 PM | 2 Likes Like |Link to Comment
  • Gas prices expected to drop 50 cents by summer [View article]
    The headline promises hope,but reality takes it away.
    May 8 11:39 PM | 2 Likes Like |Link to Comment
  • The question is worth raising again: “Why, in the aftermath of a financial mess that generated hundreds of billions in losses, have no high-profile participants in the disaster been prosecuted?” Gretchen Morgensen's take suggests that the FBI, SEC and Treasury Department may have quashed attempts to be more aggressive. (earlier)  [View news story]
    Because T.V. coverage of these trials would interrupt the American Idol schedule.
    Apr 15 12:00 AM | 2 Likes Like |Link to Comment
  • Forget Mubarak, Paul Farrell writes, it's Bernanke who needs to be toppled: "Just as Mubarak was blind to the economic needs of the masses and democratic reforms, Bernanke is blind to the easy-money legacy that’s set the stage for revolution, turning the rich into super rich while the middle class stagnates and peanuts trickle down to the poor."  [View news story]
    Very soon most will pay a "Fee" to the bank to warehouse their savings.Thanks to Ben.
    Feb 15 11:34 PM | 2 Likes Like |Link to Comment
  • A Huge Rally for Equities Coming in 2011 [View article]
    Looks like 2011 started 2 months early.
    Nov 4 09:44 PM | 2 Likes Like |Link to Comment
  • August Foreclosures Hit Record Highs [View article]
    It looks like an unfinished Real Estate development in the background of your profile picture.I bet in a few years that will be a postcard for an over-hyped housing market.Perhaps some dark smoke and Greenspan's face in the upper right-hand corner.
    Sep 15 12:15 AM | 2 Likes Like |Link to Comment
  • Payrolls: Flat Is the New Up [View article]
    After being un-employed take old 401 k roll it over into new entity.Name yourself a portfolio manager and start working in the new job.Do not wait for the government or private companies to hire you as the wait will stagnate your future.Stay away from more schooling as that will eat up valuable resources that may be needed in coming years.Be certain that this current crew does not have a clue on how to go forward.Cheering stale UE numbers is a dead give-away.You are on your own.
    Sep 4 12:46 AM | 2 Likes Like |Link to Comment
  • Extending Unemployment Benefits: Buying a Few More Months Before the Economy Inevitably Slows [View article]
    No ,citizens can stay.
    Jul 7 01:46 AM | 2 Likes Like |Link to Comment
  • Three Reasons to Sever All Ties With Commercial Investment Firms [View article]
    Sound advice stated in this article.Only you can protect your own interests.
    Jun 9 07:56 PM | 2 Likes Like |Link to Comment
  • The Looming Threat of Peak Water, Part II [View article]
    Another great article from Mr.Quinn.I ran across a website entitled that has stock ideas and articles for anybody to take a look. A very interesting sector to research for the future.
    Aug 29 03:36 PM | 2 Likes Like |Link to Comment