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  • Banks: The Final Countdown? [View article]
    Obama's plan is to take the money from the RICH and give it to POOR. He has the perfect opportunity and the support from the people.

    He will call it a boneheaded mistake and ask the country to move on. Poorer the country gets, more popular he will be. Look at Cuba, Venezuela, and Bolivia to name few. People live on HOPE and politicians thrive on promising the CHANGE and giving the HOPE.

    We are drunk and want to drink more. It feels good. Unfortunately, OBAMA administration is likely to give us that last drink, which is going to knock us down for next 12 hours and when we wake up with a massive headache, we will be looking for that strong coffee, a hot shower and HOPE to make it through the day at work without the boss noticing our hangover.

    You can run but you can't hide! By the time it is over, we will see, DJ-30 at 4000, SP-500 at about 450, Prime rate at 12-15% and unemployment of about 15-18%.

    But if you think this is a bad projection - we will still be the wealthiest country in the world. You don’t want to visualize the conditions in the third world!

    Unless of course, if we decide to take the bull by the horn – get the government out of business, stop the bailouts, let the free markets decide the interest rates and credit conditions, let the markets drop back to 90’s and start over …………...

    Life wasn’t so bad in 90’s.
    Jan 19 13:55 pm |Rating: 0 -1 |Link to Comment
  • Did Geithner Bail Out Goldman Sachs? [View article]
    We love Barrack Hussein Obama. He is going to change everything. We do not question his judgement. Confirmation hearings will be a coronation event, where only positive energy and thoughts will be permitted.

    Mr. Geithner has been rewarded for his support.
    Dec 16 23:50 pm |Rating: +4 -1 |Link to Comment
  • Are Analysts Being Fooled By The Data? [View article]
    Cam,

    Respectfully - why would a ship owner get involved with shippers problems of letter of credit.

    Owner leases (charters) his ship to carry cargo. He collects freight for the cargo, either daily basis (time charter) or per tonne basis (voyage charter).

    Owner spends his cashflow to pay the bank (mortgage) pay the operating expenses (including crew wages) and fuel, if vessel is leased on voyage charter.

    Shipper - ships the goods and the receiver receives the goods. So the payment for the goods are not ship owners responsibility.

    May be I am missing something.
    Oct 13 19:35 pm |Rating: 0 0 |Link to Comment
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