winslow

If I've said it once, I've said it a million times: The Fed did not cause - and could not have prevented - the housing bubble. - Alan Greenspan in a WSJ op-ed

Greenspan is trying to justify his position because he was incorrect.

A recent scientific study was recently released by a noted psychologist. This study involved 15 Yale PhD students against a mouse in making decisions. The Yale minds always "over-thought" the problem and were right 52-59% of the time. The mouse was correct 67% of the time.

Greenspan is justifying his "correct" decision. Unfortunately for the citizens, decisions could have been made to prevent or mitigate much of the economic mess. It was obvious to us mice, when homes were zooming ahead much too quickly.

Is 'Buy and Hold' Investing Dead?

We can have a "V" recovery, or a "W" recovery, or an "L" recovery, ete, etc. It doesn't matter. We won't know what it is until after the fact. The one thing that will probably be true: the US will no longer be the same. This social experiment with capitalism and free enterprise is proving not to be what we had believed. People in other parts of the world now have the proof that our priniciples are not as "great" as we had purported.

Too Early and Risky to Bottom Fish for Wells Fargo

Bottom fishing??????? This is not a typical down market

Could the Dow Reach 4000?

No one can predict where the market will be in the future. Some will portend to make educated guesses. It is very possible for the market to drift slowly downward over the next 3-4 years, so as to not scare everyone...and then at that time the DOW will be around 3000. Perhaps capitalism only works for those who come out on top...and that sounds like communism to me....the masses led by the elite powerbrokers.

Dreaming of Better Days

I agree. Who in their right mind would want to invest, especially in the US.
There is NO trust of company executives or government.

U.S. Trust in Business Hits 10-Year Low; Only 17% Trust CEOs

CEO's have not cared for years.... as long as they were making money (emphasize "they", not necessarily the company)!!

AIG: Forget about Retention Pay and Buy Them Pizza Instead

The execs need to eat pizza. Too many in upper management expect to be treated like royalty. A large number of executives today are business panzies. Ever hear the story of the platoon leader that said to his men "take you guns and go up ahead and kill the enemy. I'll wait here for the results".
Leadership is missing from most businesses today.

Davos '09 and the Failure of Leadership

Businesses and the governments have been run by shills for years. Most have proven to be totally incompetent. Any ethics were thrown by the wayside. Shareholders in companies are looked upon as a mere inconvenience.
A new age has dawned. Where it takes us; we don't know yet.

Whatever Happened to Acting in the Best Interest of Shareholders?

Shareholders in any company are mere puppets and meaningless. The laws of capitalism have to be re-written.

Nationalize Citigroup and Bank of America

When will these so called "leaders" be responsible for their fiduciary obligations to shareholders and to the citizens of this country. I say it is time to penalize these inividuals for their bad business decisions

Geithner's Tax Troubles Give Obama a Chance to Get It Right

If you would have heard the Hannity and Gingrich interview on Monday, you would have lost all remaining faith in the Republicans. Being a Republican, I came away with the feeling they were the reckless liberal left, against any type of establishment. They espoused all the answers needed to correct the problems and laid blame...........gentle... at this point in the economy, we all need to work to together to get out of this quagmire. We have seen the demise of the Republican Party. Debate, not finger point.

Does Geithner Deserve a Pass for His Poor Tax Paying Performance?

All crooks need to be penalized....both in business and politics. Let's start sending them to jail.

Saving the Auto Industry: The Gush-Up Proposal

I'm against providing funds for failing companies. However, a bottoms up approach is more enticing:
1. The Board of Directors is replaced by government selected individuals.
2. All management contract are re-negotiated and salary is based on performance.
3. A new company is formed with new (fair) labor agreements
4. The mandate is for an auto to be manufactured for under $10,000 that achieves at least 35mpg.
5. tax incentives for reaching these goals.
6. tax incentives for citizens to purchase these vehicles and selling low mgp vehicles.
7. production of natural gas vehicles

My initial plan as outlined 2 years ago can be enacted as a large infrastructure play:
1. Provide rapid rail service between large cities
2. Provide Smart Car rental at each rail hub at low rates
3. tax incentive to sell the gas guzzler and purchase a high (35-45mpg) vehicle.

The Pivot Point Will Likely Be Election-Based

The democrats will win by an unprecedented margin and the stock market will skyrocket. A new era will dawn. However, the long-term outlook for the US is not encouraging. Let's face it, we can't get out of a paper bag.

Don't Be Fooled - Inflation is Coming

For the last 50-70 years, money has flowed to the United States. As the world fiscal cycle proceeds, the flow will be toward other countries. This will give olther regimes the power to control world events (even though it may only be psychologically for some). While we had been good stewards during most of this period, this started to change over the last 10 years. The Bush ideology was that we could export by force our perceived values. Now that we have demonstrated that "free-enterprise capitalism does not work 100% as had been believed, other countries will feel free to experiment with their own philosphies. What this means long-term, is that the US will not be the decider of world events. The sooner we understand this, the sooner we can begin the process of making this country stronger internally. What has been very interesting over the last 10-15 years is that as China has expanded at a tremendous(almost inconceivable) rate and has grown more powerful on an economic basis, they have not exerted their power. If they can contain this newly-developed power, China will become what the US had once been...with perhaps a more efficient government and economic model. As a world leader, China might be able to bring all countries together. However, if China uses the power to control and demand (much of what the US has done), the world will develop into possible annihilation.