Socialism cannot compete!

Wall Street Breakfast: Must-Know News

I DO mind the deferal of payments AND the foreclosure moratorium...and ANYTHING that involves government subsidizing or forcing banks to take the hit for home buyers that cannot make their payments! This is SOCIALIST interference with housing on the taxpayer dime, and is costing those who prudently waited to buy doubly -- we are footing the bill for those who overbought and also not being allowed the price reductions that would & should be occurring!!!


On Jul 30 08:03 AM doubleguns wrote:

> "defer [payment of] the money owed to a later time when, hopefully,
> home values have improved."
>
> This sounds like if values don't rise you dont make payments. I am
> sure that would prevent forclosures but at what cost. I dont mind
> to defer the payments but it has to be some reasonable period of
> time not "when the home values have improved."

Wall Street Breakfast: Must-Know News

[quote]
New help for homeowners. The White House is planning to announce new guidelines today to help homeowners struggling with Federal Housing Administration-insured mortgages. The guidelines will narrow the gap between the FHA's mortgage-modification program and the White House's foreclosure-prevention plan, and will "offer borrowers an opportunity to stay in their homes, make payments that are manageable and defer [payment of] the money owed to a later time when, hopefully, home values have improved.
[end quote]

Apparently my biggest financial mistake ever was not buying a home I couldn't afford. This is a total CROCK!!!

Will Big Money Interest Propel Gold over Its Final Hurdle?

"I think a world with $200 gold is a much better place to live in than a world with $2,000 gold"

Why? Give us some reasons for your opinion!!

Gaza War: Expect a Spike in Oil, Gold

As an event it's meaningless? We'll see. If Hezbollah (Iran) decides to get involved, we're looking at WW3. Not meaningless, IMHO. And frankly, I give it at least 30% chance of happening.


On Jan 04 10:37 PM deuxsous wrote:

> Gaza is irrelevant.... It's just another third world street gang
> trying to up the ante and losing. It's possible the producers are
> using it as an excuse to try a short squeeze in crude oil futures,
> but as an event it's meaningless.

Picking Some Stocks to Survive This Market

@Chicagawaukee: "I would add some low priced, higher yielding stocks such as DOW, ED, DUK, MRK, until the market calms down." ABSOLUTELY! I've bought some ED on recent dips below 40. A 6% yield is nice to hang onto, and I don't think we're shutting off the grid anytime soon.

@JonT & TomB: Again, ABSOLUTELY! MSFT is DIW. Server rooms are going Linux...there goes your enterprise OS $. Consumer is DIW. OpenOffice = no need for MS Office in these economic conditions. I see little reason to expect much from MSFT for at least several years!

I'm going with some yields: ED, INTC (for the long haul - it will suffer from the short-term consumer dip like MSFT, but has much better product & strategy!), NLY (benefits from steep yield curve & declining LIBOR...& the Feds are backstopping the mortgage debt. Currently yielding 18%...what's not to like?), KO (declining commodity prices, still growing abroad & continued expansion in non-carbonated segment).

Gold Stocks Down as Gold Price Dips

Yeah, I agree with sandspider...don't know why govt bailouts would strengthen the dollar. They're gonna print their way outta this...that equals weak dollar, which means strong gold.

Is This the Death of Gold & Silver Stocks?

I agree with the author - gold is not done. And by the way...stocks can go to 0. Gold will never go to 0. That right there is enough to be in gold right now!

Commodities: Brief Correction or Bursting Bubble?

I'm more concerned with forward P/E...given that the past is behind us. That said I do agree that commodities are not a bubble...there is growth ahead after some temporary speedbumps. The rest of the world is slowing only as a side-effect of our financial crisis - they did not overbuild housing like we have. Too many Americans started buying real estate for investment beyond their primary dwelling. Too many others bought what they could not afford...thanks to lax lending practices and overpricing.

There is still no talk of one big factor in this that is yet to be resolved: the issue of property taxes and the fact that there is no counter-balance to the conflict of interest that tax assessors have. They will always drive valuations up to garner more revenue. While we are mentioning it, bailouts of lenders, FNM, FRE, etc., are *not* the proper solution - taxpayers pay for bad decisions, removing disincentives for bad decision-making! And driving taxes up. Know why the middle class cannot afford their housing anymore? Overtaxation.

Housing rebounds *only* when housing prices drop far enough that housing becomes affordable again for the average family. Not affordable as in "we can make our payment by scraping every month", but affordable as in "we can make our payment and still have an appropriate percentage to spend elsewhere". Another 10-15% drop in pricing before we are there.

Stagflation and Peak Oil: How Related Are They? (Part II)

I've got a better one: given the lack or morals and restraint shown by a population that has a very much decreasing level of self-restraint, coupled with inflation and economic downturn...crime is going up. You think it's bad now?? Just wait until we have $200/barrel oil and $5 per loaf of bread. I'm investing in SWHC & RGR - we're all gonna need some protection!!

Five Ways To Ride Gold to $1500

Both posters above are incorrect! The following linked conference call transcript (from 2Q08, nonetheless) talks about their mines. Here's just one line from page 2:

"The Cortez, Goldstrike and Robinson mines recorded solid production contributing about 73% of revenues for the quarter."

And it has additional details. I would suggest that posters do *their* research before discrediting the author of this article.

seekingalpha.com/artic...