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Socialism cannot compete!
329 Comments
Mosaic Misses Earnings and Brings Down the Sector
Heh. Actually...maybe! I mean, there's no longer any rationality in the market. Why not 3?
Silver Linings in the Panic Selling and Madness
Hah! Best joke all day. My broker was a joker. Decided I didn't need the overhead. The way "they" are fighting this is highly inflationary...look for commodities to pop, especially gold, given that it is safe in both circumstances!
Global Market Roundup: Will the Bailout Work?
@Shiv: "take time to work its magic"?? There is no magic to it. And it will not work. That was a scam, a farce...it serves only the banks and to further indenture the people, by handing over yet more control to the government. The real solution? Massive cuts to government and massive TAX CUTS. I'm not talking 5% or even 10%. I'm talking, cut the federal government to the core, and a flat tax never to exceed 10% on *anyone*. That is just...and it's overdue. Sooner or later enough people will wake up and demand it. This economic situation may just be the time that it happens. Hopefully!!
Too Soon to Move From Equities to Gold
Why You Should Keep an Eye on the Credit Markets
We heard the fear-inducing from the federal government (almost every branch and office) about how vital it was to pass "the plan" so that main street businesses could get the credit flowing again that they needed for day-to-day operations! What? That says to me that many businesses are on life-support!! If they are dependent on credit markets to fund day-to-day operations, as opposed to longer-term debt for expansion, etc., they were operationally unsound BEFORE this mess went down!
In other words...quit propping up failures!! We need to MASSIVELY reduce overall debt, not shift it and reload for more lending!! This means: we need to cut government to the CORE and have DRASTIC tax cuts, the like of which have NEVER been seen, since the American Revolution!! The real problem is hyper-taxation, and the economic overhead that creates -- that is the real barrier to growth and to clawing our way out of this hole...because it is exactly the hole of not having disposable income to buy things (including homes) outright...caused by paying 40%+ to the Feds alone, followed by state, local, property taxes, plus vehicle reg, etc., etc., etc. There's NO WAY to live debt-free unless you manage to bust way out of the middle class, or have never made it that far, and you live on the entitlements.
It's simply gotta stop. Flat tax, never to exceed 10% (that is a tithe after all...and why should "Caesar" get more than God?). The time is NOW!! Say NO at the polls to socialist, big-government candidates!! Email and call your Congressmen and Senators and DEMAND drastic cuts to government and your TAXES. Demand your FREEDOM and MONEY back!!!
Big Troubles for the Euro
Added Liquidity Part of the Problem, Not the Solution
-- it would've been funny if it weren't so sad."
Oh don't worry...Section 110 of the bailout legislation allows a "federal housing manager" to dictate terms of a rewrite to a mortgage -- i.e. they can tell the lending institution that they need to lower the principal on a given mortgage. That's just about as good as lending directly -- the feds become the housing market...they decide the pricing. Kiss free-market economics goodbye, my friends!! Unless...we discard *EVERY* Congressman and Senator who voted for this pile of crap bill...send 'em ALL packing -- the new ones will then understand that order of business # 1 is to revoke the bailout bill and let FREE MARKETS work!!!
We REALLY need to be unified on this and make it happen!!!
Consumers and the Economy Are Down and Out
The ONLY way to return to a sustainable, growing economy is to take out the excessive taxation at the knees, and restore to the people their FREEDOM and MONEY by these means.
Remember this at the polls...call and email your Congress-critters frequently. We MUST DEMAND THIS be done NOW!!
Cramer: Dow Could Drop Another 14%, Oil's Going to $50
Cramer, you are an IDIOT!! The bailout cost us a Trillion that is better used elsewhere. Remember how it was so urgent to get the bill passed within days? And then the next day Paulson comes out with "it'll be about a month before we actually start buying debt." Real urgent, huh? Not just that...it is also a flawed, philosophically and morally wrong idea! The *only* real solution to this economic calamity is DRASTIC TAX CUTS and cutting government to the CORE!! Too much credit-based living is what got us here...playing shell games and resetting banks to begin more lending IS OBVIOUSLY JUST MORE OF THE SAME!! The real answer is to give people their money back so they can begin cutting down their debt and spending out of their wallets, rather than off of loans!
"the critical issue will be presidential leadership. And while any president will be an improvement over the current one"
BS. You may not agree with the war...but then just say so. Don't blame this economic mess on Bush -- look back to the Clinton "housing for all" push, which Dems like Barney Frank and Chris Dodd jumped on wholeheartedly! Greenspan and McCain (among others) both tried to warn about issues at Fannie 3 years ago...got shot down.
"there is a growing belief on Wall Street that Barack Obama has the capacity to lead us out of this wilderness while John McCain does not. I’ll go a step further: Obama is a recession. McCain is a depression"
Cramer: you are an IDIOT!! Obama wants to double the Cap Gains tax and also raise the div tax. Yeah, raise taxes on those who invest in America - that makes sense. And you do realize that small biz creates 80% of the jobs in the U.S.?! Obama will be destroying those jobs because many of those small biz owners report business income on personal tax returns, and will exceed his threshold for the rich who ought to be skinned alive.
Oh...just heard in the news this a.m. -- Obama is now planning to push the tax increases out till 2010...never mind that businesses plan further out than a year or two. Taxes foreseen in 2010 will still impact hiring and expansion plans in *2008*.
How else is an Obama presidency bad for America? Universal healthcare. You wanna see a black-hole budget?? Remember just how much trouble it is funding medicare already -- and that's just retirees and the disabled. Expand those numbers to everyone...and this country is done. We simply cannot afford that much waste.
Look, people, socialism DOES NOT WORK!! I can hardly believe Cramer would advocate a guy for prez who is so anti-freedom and anti-capitalist. Obama is not *fit* to preside over this nation!!
McCain -- you should not assume he is "another Bush". There are a few common threads -- both are Republicans, both are somewhat conservative. But the differences are vast: McCain actually fought in a war -- we all know the story; he *does* go against his own party when necessary -- to me, that says you can trust him to do the right thing, not what the party says (look at how Obama falls in line with the radical Dems on everything...no new change there, really); and I think McCain-Palin will actually work at smaller government...which IS THE THING WE REALLY NEED right now...not Obama's "grow the government, spend more, tax more" plan!!! And don't be fooled -- Obama WILL raise your taxes -- there's no flippin' way he abandons his PET PROGRAMS in order to keep his middle-class tax cut promise!
McCain = slow recovery, then growth; Obama = ever-bigger government, and U.S. as the whipping boy of the world for 2 decades!!
GET IT RIGHT, CRAMER!!!
Why Is Everybody Selling as Buffett Is Loading Up?
Investment Ideas For Hard Times To Come
"Second, there's plenty of blame to go around. The "liberal-inspired social justice programs" you'd like to blame have been around since the late 70's..."
That is true to *some* degree. But basically, we suffered through them. We can no longer afford them -- the paying population is shrinking compared to the recipient base (translated: we're getting ever more squeezed between the underclass that won't work, and the huge boomer generation beginning to collect on their entitlements).
We all know how stressed Social Security and Medicare have been -- and those are not paying to every American. How the flippin' hell can anyone think "universal" healthcare can work?? Instead of just retired and disabled...*everyone* would be on it. You're looking at a 75% health insurance tax, instead of the current 7.5%. The Feds *NEVER* do anything as cheaply as the private sector can!
Kill the socialism. It's been tried and has failed. Here and abroad.
Investment Ideas For Hard Times To Come
Added Liquidity Part of the Problem, Not the Solution
Here's the first few paras:
[quote]
SAN FRANCISCO (MarketWatch) -- Fannie Mae and Freddie Mac could have $4.7 billion in unrealized losses from the deterioration in subprime mortgages, Citigroup's fixed-income strategy team estimated on Friday.
The bank's strategists said that probably won't be a big problem and argued that recent moves in the credit-derivatives market suggesting Fannie (FNM) and Freddie (FRE) are more risky have been overdone.
The estimated $4.7 billion in losses represent about 6% of the equity capital of the government-sponsored mortgage-finance giants, the strategists noted, adding that Fannie and Freddie's retained portfolios contain roughly $182 billion of subprime bonds, most of which are rated AAA.
By contrast, their total mortgages exposure is pegged at more than $3 trillion. Most of this is related to prime mortgages, which is supported by the fact that delinquencies in their guarantee portfolios have not increased so far this year, Citigroup said.
[end quote]
Note that this is over a year ago, and losses have mounted steeply since then, ending with the bailout of Fannie and Freddie.
No subprime at F&F???
Added Liquidity Part of the Problem, Not the Solution
Added Liquidity Part of the Problem, Not the Solution
www.marketwatch.com/ne...?
guid={039A6514-2144-4B...
You might have to copy and paste it together.