scobbydube

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    • Tue Oct 7th 20:34 PM | Rating: 0 0
      Commented on:
      Stock Market to Bernanke: Hints Aren't Good Enough
      If the powers to be think the overnight federal funds at 2.00% is a problem, they need to rethink their strategy.. Banks aren't lending to one another because of something other than the level of interest rates. You know what might help more than lowering the funds rate, lowering the rates that MAIN Street pays.. How about some help there instead of on Wall Street..
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    • Sun Oct 5th 07:54 AM | Rating: 0 0
      Commented on:
      TARP Is Just the Beginning - Barron's
      Just what we need lower interest rates.. Isn't that what Greenspan did and look where we are today.. Lower interest rates will not solve this crisis right now.. Banks won't lend each other because they are scared who is next to collapse. Hey if a bank can't make money with overnight money at 2.0%, money at 1.0% isn't going to help.. Banks need to rebuild capital and that takes time and also honesty on what is actually on their balance sheet.. Lowering rates will hurt Main Street savers, you know the people who actually are doing what everyone else should have been doing.. What do they get on their savings now - almost zilch - now that is a great reward.. Whoops that is right, the government would rather have you spend spend spend..

      But if I was a betting man, I would say that the Fed will probably lower interest rates as this article mentions - you know why - because they haven't learned a DAMN thing in this crisis..
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    • Mon Sep 29th 16:57 PM | Rating: 0 0
      Commented on:
      Looking for Hope
      Recessions are healthy.. We have needed one for a few years now, the longer you prop the market up so there isn't one, the harder the market goes down...
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    • Wed Sep 17th 07:31 AM | Rating: 0 0
      Commented on:
      Bernanke's 'Shock and Awe' Monetary Policy Less Than Convincing
      And look where we ended up with Alan.. Isn't he the one we should be blaming for most of the mess that has been created with his easy money policy.. Lowering the funds rate to zero isn't going to help now - I think this was one of Ben's better moves and I am not a big Ben fan either.. We need more tough love..
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    • Fri Jul 25th 16:16 PM | Rating: 0 0
      Commented on:
      Forex Wrap-Up: Headlines Hurt Stocks But Not Dollar
      My money says the Fed does nothing except jaw-bone the market and this market can be easily swayed by MSM and the talking heads.. Bottom line in my mind - dollar goes down over the next six months.. And of course the Senate will give more of our (Main St) money away for future generations to repay ..
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    • Wed Jul 23rd 07:16 AM | Rating: 0 0
      Commented on:
      Fannie and Freddie Rescued at Last
      I think it is time to start holding people accountable and that means the management teams at both of these agencies.. Fire them and take away their huge pay checks and past bonuses.. Why should Main Street bail out the same old team. Come on Congress - sink your teeth into the Treasury plan and demand some real changes..
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    • Wed Jul 23rd 07:06 AM | Rating: 0 0
      Commented on:
      Wednesday Outlook: Commodities, Emerging Markets
      Come on Dave, haven't you been listening to MSM, the bottom is in.. Time to buy.. Thanks enjoyed your comments as usual.
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    • Tue Jul 15th 06:07 AM | Rating: 0 0
      Commented on:
      Examining The Fed’s New Mortgage Loan Rules
      A nice summary, too bad the MSM wouldn't do the same homework you have done and start challenging all the new rules and comments coming out of Washington.. I agree why Oct 2009, if it is so important start it NOW..
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    • Wed Mar 19th 07:43 AM | Rating: 0 0
      Commented on:
      Dear Ben: 5 Suggestions for Saving the U.S Economy
      Kudos to you.. It is just the medicine we need.. some tough love... and America needs to hear the TRUTH.. Thanks.. I will pass your letter on to all my friends..
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    • Wed Mar 19th 07:33 AM | Rating: 0 0
      Commented on:
      Investors Throw on Rose Colored Lenses Following Fed Cut
      Loved your comment on the Rating Agencies.. Why should we believe anything they tell us number one, and why should we believe anything we hear from these Wall Street firms.. Sure there is money to be made by be on the right side of the short term trade, but there sure is the potential to lose a lot over the long term.. The truth is still not out on how bad thier balance sheets really are.. Timing their earnings release to be on a FOMC statement day is interesting in itself..
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    • Wed Mar 19th 07:27 AM | Rating: 0 0
      Commented on:
      Watch Out For More Bouncing Dead Cats
      Right on - It is so pathetic what happened this fall with the stock market after the August correction - rallying to 14,000+ but then giving it all back.. Once again we will see that as you say.. Main Street needs help not Wall Street.. Savers need to be rewarded not those who spend - spend - spend.
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    • Tue Mar 18th 15:48 PM | Rating: 0 0
      Commented on:
      Is the Fed Confused? Or Interested in Confusing?
      I am with you on that one Francis.. Rates at 0 will not get this economy going and what about all those savers out there, what do they get for being conservation and in my opinion smart, lower interest rates on savings accounts and money market account.. What this country needs is more savers and not spenders who are living way beyond their means as is the country.. I guess that is asking too much..
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    • Tue Mar 18th 15:44 PM | Rating: 0 0
      Commented on:
      The Fed Underdelivers
      Come on - of course we are close to the end of interest rates cuts, they only have 225 basis points left.. they have already used most of their ammunition and what have they gained.. The banks still aren't lending and they won't be for quite some time.. They are trying to build their pitiful balance sheets back up..
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    • Tue Mar 18th 06:20 AM | Rating: 0 0
      Commented on:
      Historic 100bp Cut From The Fed Today?
      Lower rates are not going to help Main St... Banks don't have any reserves left to loan.. Lower rates are not going to change the current perception in the market place that maybe the bank, dealer, or hedge fund I am loaning to knows the value of what is on their books. They all own toxic securities that until recently have been marked improperly because no one tested the market by trying to sell these SIV's,CDO, etc.. How many basis points have they lowered rates so far and tell me honestly what good has it done.. Zero.. Pushing on a string..
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    • Tue Mar 18th 06:14 AM | Rating: 0 0
      Commented on:
      What the Bear Stearns Resolution Tells Us About the Fed
      The Fed's action might work for a short term, but they are not solving the real problem.. This country and most of it's people are living way beyond their means.. Currently we are penalizing the people who save - these are the people who should be rewarded not the brokers, bankers, and hedge funds who constantly get bailed out.. These guy know the Fed will step in. And JP buying Bear for $2.00 is a big joke..
      View article »
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