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  • Wall Street Breakfast: Must-Know News [View article]
    Andrew Baker

    you are more right than most will ever know. Silver and gold, silver and gold . . .

    Yep, it's starting: they'll inflate the debt away, they think. In the meantime, gold and oil and the like will go north at a rate of knots, and the US $ will head southwards. We'll also get treated to a lot of irrelevant chatter and going-nowhere "disputes" (like the AIG bonuses) to try to get us on side and stop us noticing what's really happening.
    Mar 19 17:48 pm |Rating: +1 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Very true Hedged In,

    Good article. It would be interested in knowing exactly what the actual increase in debt has been thusfar, and where the directed numbers are taking us in regards to national debt. From my simplistic models using growth charts over the last century (pop, GDP, debt, etc.) I am finding that by 2015 we will hit a 34 T Public debt. That is eliminating all extra deficit spending by 2010, which is now a wholly ridiculous assumption. It appears we may approach 50 T with servicing costs, etc. People are just starting to bring numbers to the table and speaking out about this. Thta is not a sustainable debt.

    The only thing that is happening here, is that we are moving the over leveraged part of our economic system to the gov which will then become weaker, and much more vulnerable to economic attack. We should be embarrassed to be letting all of this happen.

    I agree that this rally is not sustainable. I am in for a short ride, maybe til earnings start coming in.
    Mar 19 08:49 am |Rating: +2 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    bobbobwhite -

    I am organizing with people for April 15th and 9/12 (my birthday). It is up to you. Define your principles and values, live by them, and identify those who know what their principles and values are.

    It is an identification process. If living by principles and values becomes illegal, then help us all.
    Mar 18 12:40 pm |Rating: +2 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I see that testimony from CEO's now makes the economic calendar. AIG this, AIG that. It is a nice diversion. I guess the fact that the new administration so joyously offer small business in America 15 billion while AIG gets 170 billion (with no end in sight). Am I the only one who sees a serious problem with this?
    Mar 18 08:33 am |Rating: +8 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I am very curious about the mark-to-market modification. What does "significant judgment" mean? Is that a new legalese term? It seems to make sense to me to modify the rules such that maturity dates of 10 years or greater would not be subject, but how does that equate to significant judgment?
    Mar 17 08:22 am |Rating: +8 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    does anyone else see how asinine it is to let a company survive whose loses are 62 Bln in one quarter . . .

    beat 'em down with a big stick.

    We really have to get rid of this idea that something, anything is too big to fail. Let them fall!

    Bring back the free market!
    Mar 02 08:56 am |Rating: +11 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    repper ~

    does not the weight of health care and the retirement population within the industry lead to a lack of the ability to invest in R&D and therefore reduce their ability to become nimble?

    You can't save the Titanic with a hot air balloon.
    Nov 12 17:27 pm |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    axelrod ~

    my comments were meant to stir thought. They may be the largest factory employing industry in the nation, but therein lies the problem. The fat ones can't move, and maybe they need to fail to stir productivity and efficiency. We all know that we are not near the deepest part of the bottom, and it will be time before we reach it.

    You are correct in that they do not need fish, but need to learn how to fish. Unfortunately, you know it as well as I do, that will never happen. Listen to the song Fat Man, it is the perfect analogy for the big three. Big corporations are obese, and the big three are the fattest of them all. You have to be nimble in this economy, and for the next few years if not the next decade or two. They just ain't got it.

    Gas will not stay below it's current value. It just is not going to happen. All Venezuela or Iran has to do is sponsor terror attacks on ports and pipelines and you will see oil at 120. It is all timing, nothing is going to happen until after the Obama adornation.

    But wait, maybe we could nationalize the car industry and the banking industry . . . Thanks Paulson, way to change the rules at whim! This is going to be fun!
    Nov 12 12:45 pm |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I am so curious about this auto maker deal. Since global warming is such a huge issue, and the comments recently from the dem side of the isle indicate the demand for more expensive energy, why bail them out? Their infrastructure is dated and they don't produce green elements?

    Pelosi is fighting herself her, and it would seem prudent to enact legislation that would cause the industry to fail so it could be replaced by a more efficient industry. Similar to Obama's comments on the coal industry.

    I just don't get it. I guess the union and their pensions are more important to them.
    Nov 12 08:31 am |Rating: +3 0 |Link to Comment
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