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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]
    This is starting to get ridiculous folks . . .

    FRE, PRU, HIG, MET?

    Is it going to stop?

    WE have to start paying attention. I took the data from bea.gov, and census.gov and mapped public debt, population growth and particularly per capita public debt over the last 100 years.

    With the extra spending last year, and estimate additional 3 trillion this year with - 4% GDP, and -2% GDP for 2010 with 2 trillion in additional deficit spending in 2010. And flat GDP until 2015 with no deficit spending, our public debt (state, local and federal) will be 34 trillion dollars in 2015. That does not include any additional deficit spending and debt servicing costs.

    Our per capita debt will double by the end of 2010 at 80K for every man, woman and child. Our federal debt will double in the same time period. Am I the only one who sees a problem with this?

    If you want the xcel spreadsheet, just write. I was worried that my estimates were too high for additional spending, but it appears they may be too low.

    Mar 12 10:10 am |Rating: +3 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Our Gov. needs a good rout, this last election did nothing but the further disconnect between the will of the people and the actions of our Gov.

    Obama is nothing more than the next GWB . . .

    pathetic
    Dec 26 09:43 am |Rating: +1 -3 |Link to Comment
  • Under The Radar News - Thursday [View article]
    Well, Jim seems to have his grundies in a bunch.

    I think an approriate thing to say is that I would have something to say about AAPL carousing it's way to depths of bankruptcy because you see, I despise AAPL and there is nothing that would make me happier. I hate the lack of ingenuity, and the over marketing of simpleton ideas, and the eternal wisp of desperation that echoes from their every move. Come on, let's put an ipod on the steering wheel so people have a scroll list to look at while they drive, make sure you have a connect so you can plug in your iPhone too while you scroll through your playlist. That ought to save at least 5-10,000 lives a year from living in this hell where AAPL makes pandering around in the darkness look like child's play.

    You asked for it Jim.

    And you deserve it.

    Over priced and way over valued, just like their stock. I should say grossly over valued.
    Feb 21 18:25 pm |Rating: 0 0 |Link to Comment
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