Jim Benham

Accelerating Bank Failures Refute Recovery Hype

Jeff:

Great article. Let's put the Banksters away in some of those private prisons they've been financing!

The Truth About U.S. Housing Numbers

Jeff:

I beleive you are dead on in your analysis of housing stats, particularly the "shadow inventory." I am somewhat confused over the injection of "private prisons" as a factor in either keeping homebuilders afloat or this latest despicable social movement generally without the benefit of some specific facts and figures. I realize that acquiring and analyzing such is time-consuming and problematical. However, I foresee lots of honest skepticism on the reliability of this theory. As usual, I appreciate your efforts in keeping us informed of the truth.

Goldman Sachs Insiders Dump $700 Million in Company Stock

Thanks for clarifying Jeff. It's an amazing situation, to say the least. We might as well be living in Russia when it comes to the ethics and morality of our oligarchs.

Goldman Sachs Insiders Dump $700 Million in Company Stock

Jeff "Mr. Cheerful" Nielson:

I, for one, really do appreciate your work. You have a way of capulizing reality in a way which is clear and concise. Your point about the leverage on paper which has declined in value is quite telling. As far as I can tell, it looks like our largest banks are almost a carbon copy of the Zombie Japanese banks of the 90's. Is that correct? If it is correct, how long do you suppose the FED and Treasury can continue to hide this fact? Doesn't this mean that growth in the USA will be extremly sluggish for a long time? Once again, thank you for your work.

$10 Trillion in Wall Street Aid and No Investigations?

Thank-you again "Mr. Cheerful!" I needed that. Seriously though, the body-politic needs to figure out what has been happening.

Apartment Vacancies Cause New Nightmare in U.S. Housing Collapse

Jeff "Mr. Cheerful" Neilson:
Thanks for the excellent and original analysis. We're really in trouble; the country is circling the drain. Hopefully, some policy makers will begin acting on your advice.

A Dire Warning for the U.S. Economy

Thank you Jeff "Mr.Cheerful" Nielson for your happy tidings. If you are correct, and we are currently in a greater depression than we were in the 30's, at least some of our poorer citizens, while waiting in the food stamp line, will be able to call the Obama White House to inform him as such. If the President is too busy to take one of his homie's calls to find this out, then perhaps they can inform our fine First Lady. That's assuming she takes her cell phone to the White House Garden as she tills the weeds.

U.S. Banks Halt New Mortgage Lending

Mr. Nielson:

Thanks for the above article. It reinforces my feeling about the United States of America as we approach its birthday. This country is SHOT; it is rapidly CIRCLING THE DRAIN!

California's Default Is Certain

Jeff: Your blame should be apportioned more evenly among both Republicans and Democrats. Ultimately, the blame rests with the voters. The bailouts will stop when the revolution begins. Hopefully, it won't be violent. It will be like a taxpayers strike. Either severe deflation or hyperinflation seems more inevitable each day.

U.S. State Finances Negate Talk of a Recovery

Protecting us from each other is one of the primary functions of the state. Of course most states do a lousy job of it. If "for profit" prisons help the cause, I'm all for them. If they don't, then lets do away with them.

U.S. State Finances Negate Talk of a Recovery

Jeff: I share your dismay at many of the conditions and imbalances which exist in the USA regarding the distribution of wealth. I'm also not a fan of central bankers generally or Bernancke specifically. The lastest transfer of public wealth into private hands is reprehensible, in my view. Having said all that, I believe Bernancke was traken by surprise by the economy. I don't think he deliberately "lied." I believe your characterization is way over the top and unfortunately delutes the effectiveness of your arguments. Also, your characterization of State leaders as innocent victims in the current mess is just plain wrong and, I believe, disingenuous. I can think of no more dispicable, dishonest, or untrustworthy group of Americans than State political leaders. Otherwise, I like reading your material. I believe if your style were a bit less sensational, you would be taken more seriously.

Las Vegas Homeowners Lose Their Bets as Home Prices Fall

You might want to consider mortgaging up in the next year or so. It's going to be free money in terms of the destruction coming to the value of mortgages which is an inevitable consequence of today's FED policy.


On May 01 12:53 AM Homer II wrote:

> My house is paid for. I am not rich; I just paid that mortgage relentlessly,
> for 23 1/2 years until it was all mine. Not hard when you buy within
> your means, instead trying to keep up with the Joneses.

Paulson Throws Bernanke Under the Bus, Backs Ken Lewis

Mr. Lindmark:

What does MAC stand for?