Warm_Paw

If a Bubble Bubble Bursts Off the Balance Sheet, Will Anyone Be There to Hear It?

I applaud the writers at Seeking Alpha for actually informing the public of the real issues confronting America. I'm surprised you have not been censored or your web site infected.
I doubt the powers that be wish to discuss the truth until the American public has taken these toxic assets off the banks books.
The FASB accounting rules are allowing the suspension of mark to market accounting until March 2010.
Jan 2010 is the next tidal wave of Option A loans and I doubt the Fed has another 700 Billion to deal with this wave.
Whoever thinks the recession is over may be correct in that the world may need to consume at a marginally higher rate, but the money and employment isn't there. The world will starve at a higher rate. The dollar falling apart may bring employment to America but only if textile mills and manufacturing return to the USA.
The bottom line - America, with unionized wages could afford big ticket items. Then manufacturing was offshored to China, India and Mexico for workers earning $2 a day. America lived on it's line of credit and home equity loan (second mortgage).
We import everything cheaper than we can produce it.
Now that we're broke - $2 a day workers are getting layoff notices.
All the big money Wall St. crooks reinvested the wealth amassed in shady back room deals and the resulting destruction has wiped out their profit. Now we're unemployed and can't live off the profits of the shady investing practices.
Bundling MBS's that weren't AAA grade and stamping them AAA has caused huge systemic chaos to the financial system.
I've heard the bundling and writing CDS's for these MBS's was legal.
There's a law which would deal with what has occurred.
Everyone involved should be charged with treason...

67 Stocks Returning 50%+ This Past Month

These stocks lose a thousand percent and once in the single digit range, they gain 50%. Sounds like a positive trend to me.
As for Sirius Radio.
We've had free radio since it was invented, who in their right mind thinks the majority of people will pay for it?
People who do pay for it remind me of people who pay $3 a half quart for bottled water packaged in Mexico.
Tap water is actually regulated and healthier.

Six Things to Learn from the Financial Crisis

I don't think the average investor understands how serious our situation is. To invest right now will become a loss that one will not recover from in their life time.
As for diversification or leverage, this is a time where you get your money OUT of the market. You'll get a good deal when blood is running in the streets which isn't far off. October I figure.
But of course you can write articles like this is 1986 and all is well.
This is a different world where all is not going to end well.

Ambac's Earnings Disappoint Again

AIG, and CITI are obviously being broken up and disbanded in an organized manner, allowing them to obtain best possible return to finance their meltdown.
Ambac seems to be handling it's own implosion in an organized way.
I wonder if Ambac will blip off the screen or be able to wind down enough to settle it's Credit Default Swap claims and still survive?
I know this, insurance companies aren't given the same priority as banks, to survive. Insurance companies are being compelled to make good or attempt to make good as best they can, their role in the CDS market.
It's the kind of thinking that Real Estate will never fail that got us all into this mess.
I can only wonder why Greenspan promoted Option ARM mortgages and if this was his "pricking" of the real estate bubble?
He was a Fed Chairman, not a mortgage broker.
My opinion is that in his position it was a conflict of interest to even discuss Option ARM's while setting interest rates.
I remember Suzy Orman advising fixed rate mortgages, as any conservative stable money professional would, while Greenspan was cheering on ARM`s. It raised quite a few eyebrows.