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  • Wall Street Breakfast: Markets Prepare For Week Of Central Bank Decisions [View article]
    Jim,
    Agreed. A good secure job is critical.

    A small interest rate increase won't harm the housing market but if interest rates were to go from the current 3.6% level to 5.6% (which is historically a great rate) a large number of buyers especially first time and boomerang buyers would be unable to qualify. Sellers would have to lower their prices to get their houses sold.

    I remember the 12% mortgage rates too, but rents and housing prices were rising so fast that you didn't have a choice. You either bought a house and locked in a stable housing cost or you would see your rent rise to the point that you couldn't afford to pay it.

    I would never have thought that buyers would have a difficult time qualifying for a 3% mortgage. It's crazy!
    Apr 27, 2015. 09:56 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Markets Prepare For Week Of Central Bank Decisions [View article]
    "took a little longer" than previously thought

    Translation; It was a lot more expensive than previously thought.
    Apr 27, 2015. 08:30 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Markets Prepare For Week Of Central Bank Decisions [View article]
    The interest rate discussion reminds me of the Lucy pulling the football out from Charlie Brown over and over and over!

    The cost of higher interest rates on the Federal debt is one major concern but higher mortgage interest rates would also put a major chill on real estate sales.
    Apr 27, 2015. 08:26 AM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: Tech Earnings Dominate Headlines; Nasdaq Breaks Record [View article]
    Natural gas is continuing the slide.

    Read a report from a gas processing company in Kentucky. Their current contract at $3.68 expired and they are forecasting a 20% to 30% drop in price with the new contract.

    Just like oil, there is a point where it will not be worth producing or transporting NG in certain markets due to increased production and maintenance costs.
    Apr 24, 2015. 08:55 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Tech Earnings Dominate Headlines; Nasdaq Breaks Record [View article]
    Earth to Nasdaq: It took 15 years and $13 trillion in government printing to climb back to your bubble!
    Apr 24, 2015. 08:45 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Tech Earnings Dominate Headlines; Nasdaq Breaks Record [View article]
    Withholding and destroying evidence seems to be the status quo with todays elitists.

    The IRS got away with obstruction, so did the EPA, and so did Hillary. I guess we can add GE and Immelt to the club too.

    We used to think Nixon was a crook for deleting 18 minutes of tape and now the destruction of thousands of pages of documents is routine.
    Apr 24, 2015. 08:41 AM | 26 Likes Like |Link to Comment
  • Wall Street Breakfast: Where's The Value These Days? [View article]
    Interest rates? Yes they will, no they won't!

    I still don't think they have any plans on raising interest rates.

    If interest rates were to double the interest on our debt would be approximately $1 trillion per year plus the additional debt added each year because we spend more than we collect.
    Apr 23, 2015. 08:11 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Where's The Value These Days? [View article]
    I had to laugh when I read the report about "green" car owners switching back to carbon.

    You can fool some of the people all of the time and all of the people some of the time but you can't fool all the people all the time.
    Apr 23, 2015. 08:03 AM | 15 Likes Like |Link to Comment
  • Wall Street Breakfast: China Shares Extend Bull Run [View article]
    The shortage of pork is due to the drop in price.

    Farmers grow what they can make the most money producing. When the price drops below a level that they is profitable they switch to cattle or simple stop producing or stop slaughtering until the price rises.

    If Chipotle wants pork all they have to do is pay for it.
    Apr 22, 2015. 07:58 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Teva Offer For Mylan Could Come Today [View article]
    Does anyone really believe that Iran hasn't been and still is selling as much oil as ever? I mean if ISIS can sell oil on the black market obviously Iran can too.

    The only difference will be the price they get for it which will probably raise the overall price of crude.
    Apr 21, 2015. 08:57 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Teva Offer For Mylan Could Come Today [View article]
    The Bank of England wants to know why Buffet is getting special treatment from the US Treasury??? HAHAHAHAHA!

    And they haven't gotten a reply in months! Shocked just shocked!
    Apr 21, 2015. 08:53 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: China Moves Again To Fight Slowdown [View article]
    "and are ardent to go electrical throughout our portfolio"

    I have no interest in buying another electric or hybrid vehicle. I fell for the sales pitch years ago and I haven't seen anything significantly change. With the low price of gas, additional cost of the electric system, limited range, cost to replace the batteries, and the zero environmental savings, I won't buy one.

    The campaign to move us into small, lightweight, electric vehicles and out of the big pickups, vans and SUV's is failing. I talked to an electrician who was looking for an additional company vehicle. He refused to buy one of the new small vans and bought a used big one and rehabbed it. The small ones get better gas mileage but they don't hold or carry the same amount of material.
    Apr 20, 2015. 08:11 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: China Moves Again To Fight Slowdown [View article]
    I hope Deercreek was sitting down when he read about Corzines's new hedge fund. LOL! Really!
    Apr 20, 2015. 07:51 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Netflix Shares Hit All-Time High On Subscriber Growth [View article]
    brett,

    Well of course Greece's economy would improve if Europe gave them a pile of money to blow on hand outs, but why should they?

    They won't get it back and will just want more when they squander it!
    Apr 16, 2015. 10:24 AM | 8 Likes Like |Link to Comment
  • Human Innovation Is Winning The Race Against Scarce Resources [View article]
    The Bloomberg piece is just another climate control propaganda hack job.

    The world's low price of fossil fuels will ensure their continued domination. The so called "clean" energy doesn't live up to the hype. Solar plants that don't produce the projected electricity, dead birds, nuclear disasters, hydro plants that damage the eco system down stream, and the loss of useable land to solar arrays and wind farms are ignored.

    It isn't about climate change or global warming, it's about government control.
    Apr 16, 2015. 08:44 AM | 2 Likes Like |Link to Comment
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