ATHELSTAN's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/195467/comments http://seekingalpha.com/article/109354-the-deteriorating-real-economy-s-financial-indicators?source=feed#comment-323503 323503 Mon, 08 Dec 2008 02:15:02 -0500 http://seekingalpha.com/article/107376-leaking-geithner-good-news-for-currencies-markets?source=feed#comment-312603 312603
Nationalize the banks, forget about the bank investors, create a new National Bank of the United States which will make the loans and liquify the markets the spineless crooks in the banking profession won't do.
Short of that, the President elect is facing a Bush induced revolution, food riots, and a social melt down which makes the burnings in cities of the 1960s look like a child's birthday party.]]> Sat, 22 Nov 2008 16:07:40 -0500
Nationalize the banks, forget about the bank investors, create a new National Bank of the United States which will make the loans and liquify the markets the spineless crooks in the banking profession won't do.
Short of that, the President elect is facing a Bush induced revolution, food riots, and a social melt down which makes the burnings in cities of the 1960s look like a child's birthday party.]]> http://seekingalpha.com/article/106988-thursday-market-preview-the-bears-are-firmly-in-control?source=feed#comment-311197 311197 Thu, 20 Nov 2008 17:49:34 -0500 http://seekingalpha.com/article/106127-meltdown-state-and-local-governments-falling-short?source=feed#comment-306814 306814 Both state legislatures cannot say "no" to anyone, or any interest whatsoever. "No" is not in the vocabulary of New Jersians and New Yorkers.
For that reason, the recession and downfall of their economies will be particularly harsh.]]> Sat, 15 Nov 2008 15:55:06 -0500 Both state legislatures cannot say "no" to anyone, or any interest whatsoever. "No" is not in the vocabulary of New Jersians and New Yorkers.
For that reason, the recession and downfall of their economies will be particularly harsh.]]> http://seekingalpha.com/article/105570-number-of-u-s-homes-with-negative-equity-is-stunning?source=feed#comment-304403 304403
In fact, if Dr, Martin Feldstein of Harvard is correct, we are still seeing simply the beginning of the housing crisis.]]> Wed, 12 Nov 2008 15:39:30 -0500
In fact, if Dr, Martin Feldstein of Harvard is correct, we are still seeing simply the beginning of the housing crisis.]]> http://seekingalpha.com/article/96449-hank-paulson-buy-sider?source=feed#comment-260510 260510
Poltically, it means the end of the McCain candidacy and the GOP because of its treasonous maladminstration of the US government , and its criminal neglect while bankers , hedge fund managers and other thieves fleeced the "system". Not to mention the American people and their economy.

Mayor Mike Bloomberg can be as sanguine about New York City's ability to weather this mess as he wants to be, but the the truth is the financial hegemony of New York City as the money center of the universe is now history. It ended once and for all this past week.]]> Sun, 21 Sep 2008 07:47:44 -0400
Poltically, it means the end of the McCain candidacy and the GOP because of its treasonous maladminstration of the US government , and its criminal neglect while bankers , hedge fund managers and other thieves fleeced the "system". Not to mention the American people and their economy.

Mayor Mike Bloomberg can be as sanguine about New York City's ability to weather this mess as he wants to be, but the the truth is the financial hegemony of New York City as the money center of the universe is now history. It ended once and for all this past week.]]> http://seekingalpha.com/article/92848-another-depression?source=feed#comment-240040 240040
The American family's wealth is built upon inflated home values going back to the 70s. These values were intoxicating to the point where the national mantra and cocktail chatter turned to how real estate can't fail!!! This, of course, led to greater borrowing, extended credit card commitments, and a tendency to eschew savings entirely. Real estate turned into a casino , a roulette wheel, and a Ponzi scheme at the same time.

The crash is inevitable, inexorable, and ineluctable, but don't look for a "black Friday" event to kick it off. The same old groups will be blamed for it as those blamed in the last depression. You can see it now in the chat rooms.

Until the crash blows over, I'm out of stocks and in cash, treasuries and gold.
]]> Wed, 27 Aug 2008 10:53:11 -0400
The American family's wealth is built upon inflated home values going back to the 70s. These values were intoxicating to the point where the national mantra and cocktail chatter turned to how real estate can't fail!!! This, of course, led to greater borrowing, extended credit card commitments, and a tendency to eschew savings entirely. Real estate turned into a casino , a roulette wheel, and a Ponzi scheme at the same time.

The crash is inevitable, inexorable, and ineluctable, but don't look for a "black Friday" event to kick it off. The same old groups will be blamed for it as those blamed in the last depression. You can see it now in the chat rooms.

Until the crash blows over, I'm out of stocks and in cash, treasuries and gold.
]]> http://seekingalpha.com/article/92371-obama-is-bad-for-the-economy-barron-s?source=feed#comment-238682 238682 Bernanke won't increase interest rates this year or anytime soon in the new year. He's prepared to permit Obama to spend lavishly on a scale we haven't seen since the 1970s. It may be the only way to keep his job too.]]> Mon, 25 Aug 2008 14:27:08 -0400 Bernanke won't increase interest rates this year or anytime soon in the new year. He's prepared to permit Obama to spend lavishly on a scale we haven't seen since the 1970s. It may be the only way to keep his job too.]]> http://seekingalpha.com/article/90328-gold-the-commodity-bull-market-isn-t-over?source=feed#comment-227989 227989 Mon, 11 Aug 2008 14:26:25 -0400 http://seekingalpha.com/article/90002-this-recession-will-be-neither-short-nor-shallow?source=feed#comment-226859 226859
Only reliable news events and serious academic analysis should form the basis for any investment decision. Brokerage house based economists have become totally untrustworthy because they have become little more than toys in the hands of management.

For the first time since the 1950s, I've moved out of stocks and into gold and 30 year Treasury bonds. To prepare for the greatest depression of all time.]]> Sat, 09 Aug 2008 16:25:54 -0400
Only reliable news events and serious academic analysis should form the basis for any investment decision. Brokerage house based economists have become totally untrustworthy because they have become little more than toys in the hands of management.

For the first time since the 1950s, I've moved out of stocks and into gold and 30 year Treasury bonds. To prepare for the greatest depression of all time.]]> http://seekingalpha.com/article/90007-please-mr-greenspan-shut-up?source=feed#comment-226850 226850 He is evidence of what happens when Republican presidents turn to someone they think is an expert.

In Bush's case, "Allan, you're doing a great job." Sounds familiar doesn't it?

Greenspan and Ben Bernanke are living proof the Federal Reserve should be abolished lock, stock, and barrel. The corrupt bargain that was created by bankers and the US Government in the Wilson era is a corporate socialist experiment which has proved to be an unmitigatged disaster. It may also lead to yet the greatest crash of all time.]]> Sat, 09 Aug 2008 15:55:19 -0400 He is evidence of what happens when Republican presidents turn to someone they think is an expert.

In Bush's case, "Allan, you're doing a great job." Sounds familiar doesn't it?

Greenspan and Ben Bernanke are living proof the Federal Reserve should be abolished lock, stock, and barrel. The corrupt bargain that was created by bankers and the US Government in the Wilson era is a corporate socialist experiment which has proved to be an unmitigatged disaster. It may also lead to yet the greatest crash of all time.]]> http://seekingalpha.com/article/89394-greenspan-still-almost-childlike-in-his-idealism?source=feed#comment-224275 224275 All for a man who continued to bend over backwards to encourage home ownership during his years at the Fed, and did anything but "regulate" banks and the financial structure for providing housing credit.

The American people have every right to be angry and should be deeply concerned for the future. It is no longer a matter of housing prices and when those prices improve, or when the supply of homes starts declining. It is now a question of how severe will the national ,systemic loss of family wealth be. Will it be in drips and drabs? The slow movement from affluence to poverty over time. Or will it come very suddenly with a 5000 point drop on the Dow? Something on the scale of October 1929.
I have no confidence anyone in Washington, Wall Street, or Main Street has a clue of what lies out there and how to come to grips with it.
A year from now, we may be witnessing a total social meltdown plunging the nation into civil war and anarchy.
]]> Wed, 06 Aug 2008 14:18:32 -0400 All for a man who continued to bend over backwards to encourage home ownership during his years at the Fed, and did anything but "regulate" banks and the financial structure for providing housing credit.

The American people have every right to be angry and should be deeply concerned for the future. It is no longer a matter of housing prices and when those prices improve, or when the supply of homes starts declining. It is now a question of how severe will the national ,systemic loss of family wealth be. Will it be in drips and drabs? The slow movement from affluence to poverty over time. Or will it come very suddenly with a 5000 point drop on the Dow? Something on the scale of October 1929.
I have no confidence anyone in Washington, Wall Street, or Main Street has a clue of what lies out there and how to come to grips with it.
A year from now, we may be witnessing a total social meltdown plunging the nation into civil war and anarchy.
]]> http://seekingalpha.com/article/89367-careening-towards-a-financial-crisis?source=feed#comment-224243 224243
The rest of us may feel relieved to see the rich suffering. We tend to think somehow we are left off the hook, but be careful about celebrating the bad fortune of the rich or anyone else for that matter. Your turn may be coming soon.

I can't help wondering, where and when does it all end?]]> Wed, 06 Aug 2008 13:52:53 -0400
The rest of us may feel relieved to see the rich suffering. We tend to think somehow we are left off the hook, but be careful about celebrating the bad fortune of the rich or anyone else for that matter. Your turn may be coming soon.

I can't help wondering, where and when does it all end?]]> http://seekingalpha.com/article/87931-home-prices-in-20-major-cities-you-re-ok-if?source=feed#comment-218653 218653
Wall Street also proves time and time again there truly is one born every minute. ]]> Wed, 30 Jul 2008 15:05:30 -0400
Wall Street also proves time and time again there truly is one born every minute. ]]> http://seekingalpha.com/article/82434-dont-worry-about-a-return-to-70s-stagflation?source=feed#comment-191760 191760 If the stand alone investment bank is history, and it may be, then the world will be looking for new financial money centers. London? Shanghai? Abu Dhabi?
The short-sigtedness and stupidity of Greenspan and Bernanke are hastening that demise. The latter is now out of control of events and world markets sense it too. The former is left to collect $70,000 a speech talking about the past. What a pathetic sight.
Poor John McCain has been dealt a terrible hand and he's going to take the Republican Party down to the worst defeat since 1932.

While it's great to have more service sector jobs, you can't export them. Most high tech within 15 years will come from India, eastern europe, Israel, and the middle east . Our high tech centers, Raleigh-Durham, northern Virginia, Boston area, the west coast, are living on borrowed time. They are not price competitive and never were.
Like Dorothy in "The Wizard of Oz" ,we'll all wake up from our dream to discover our real roots as an economy now lie in Kansas, or some other agricultural setting.
]]> Tue, 24 Jun 2008 10:58:46 -0400 If the stand alone investment bank is history, and it may be, then the world will be looking for new financial money centers. London? Shanghai? Abu Dhabi?
The short-sigtedness and stupidity of Greenspan and Bernanke are hastening that demise. The latter is now out of control of events and world markets sense it too. The former is left to collect $70,000 a speech talking about the past. What a pathetic sight.
Poor John McCain has been dealt a terrible hand and he's going to take the Republican Party down to the worst defeat since 1932.

While it's great to have more service sector jobs, you can't export them. Most high tech within 15 years will come from India, eastern europe, Israel, and the middle east . Our high tech centers, Raleigh-Durham, northern Virginia, Boston area, the west coast, are living on borrowed time. They are not price competitive and never were.
Like Dorothy in "The Wizard of Oz" ,we'll all wake up from our dream to discover our real roots as an economy now lie in Kansas, or some other agricultural setting.
]]> http://seekingalpha.com/article/81668-value-in-regional-bank-stocks?source=feed#comment-190369 190369 Sun, 22 Jun 2008 16:23:38 -0400 http://seekingalpha.com/article/82164-financial-fears-sweeping-the-globe?source=feed#comment-190357 190357 Could the Federal Reserve or the Paulson gang be any worse than the clowns in the private banking universe who endangered the economies of the planet with their willingness to play monkey see, monkey do? And their allies in the U.S. financial media acting as if they too are monkeys. I see no evil. I hear no evil. I speak no evil.
Thanks to the failings of our private institutions, Bush and Bernanke will have no choice but to literally throw money at America's home owners in the form of a housing stimulus package, or see family wealth continue to erode. Thus igniting deflation on top of slowing demand.
Raising interest rates in Europe, or in the US is an act of suicide!!

Best to initiated this stimulus package before the depression starts and not during the early stages of it.]]> Sun, 22 Jun 2008 16:13:47 -0400 Could the Federal Reserve or the Paulson gang be any worse than the clowns in the private banking universe who endangered the economies of the planet with their willingness to play monkey see, monkey do? And their allies in the U.S. financial media acting as if they too are monkeys. I see no evil. I hear no evil. I speak no evil.
Thanks to the failings of our private institutions, Bush and Bernanke will have no choice but to literally throw money at America's home owners in the form of a housing stimulus package, or see family wealth continue to erode. Thus igniting deflation on top of slowing demand.
Raising interest rates in Europe, or in the US is an act of suicide!!

Best to initiated this stimulus package before the depression starts and not during the early stages of it.]]> http://seekingalpha.com/article/82182-high-likelihood-of-a-market-crash?source=feed#comment-190269 190269 Now investors and the general public sense Bush is out of touch with reality, and McCain is taking the GOP down to defeat in November. What looms in the distance is the Obama Express speeding down the track at an awesome and a terrible pace to Carterville. That is to say the town named for the former president.
Where inflation, high interest rates , "touchy feely", feel good politics , with protectionism added to it, and the prosecution of countless investment bankers and hedge fund managers will lead to financial panic. This means the real plunge comes later and after the elections.]]> Sun, 22 Jun 2008 13:19:39 -0400 Now investors and the general public sense Bush is out of touch with reality, and McCain is taking the GOP down to defeat in November. What looms in the distance is the Obama Express speeding down the track at an awesome and a terrible pace to Carterville. That is to say the town named for the former president.
Where inflation, high interest rates , "touchy feely", feel good politics , with protectionism added to it, and the prosecution of countless investment bankers and hedge fund managers will lead to financial panic. This means the real plunge comes later and after the elections.]]> http://seekingalpha.com/article/78404-senator-dodd-s-housing-solution-cramer-s-mad-money-5-21-08?source=feed#comment-176815 176815 Since nobody seems to know just how many ALT-A and higher mortgages are set to go up in the years 2010 to 2011, it is safe to say we are far from seeing the tail end of this housing and credit crisis.
That being the case, the Congress and the administration must be ready to deal head on with the most extreme scenario ready to unfold between now and 2011. Massive middle and upper middle class housing failures across the country with dire prospects for the states and their ability to raise revenue from property taxes.
Only a bailout by directing cash in the form of 35 to 50 year loans at low interest rates to help the broad middle class from going under will stave off the worst scenarios of the Bush depression now in the making.]]> Fri, 30 May 2008 12:42:48 -0400 Since nobody seems to know just how many ALT-A and higher mortgages are set to go up in the years 2010 to 2011, it is safe to say we are far from seeing the tail end of this housing and credit crisis.
That being the case, the Congress and the administration must be ready to deal head on with the most extreme scenario ready to unfold between now and 2011. Massive middle and upper middle class housing failures across the country with dire prospects for the states and their ability to raise revenue from property taxes.
Only a bailout by directing cash in the form of 35 to 50 year loans at low interest rates to help the broad middle class from going under will stave off the worst scenarios of the Bush depression now in the making.]]> http://seekingalpha.com/article/79491-bring-on-the-alt-a-downgrades?source=feed#comment-176796 176796 Fri, 30 May 2008 12:22:14 -0400 http://seekingalpha.com/article/78837-why-the-us-markets-will-continue-to-struggle?source=feed#comment-174606 174606 Tue, 27 May 2008 13:08:32 -0400 http://seekingalpha.com/article/78900-commercial-real-estate-headed-the-way-of-residential?source=feed#comment-174594 174594 Tue, 27 May 2008 12:52:21 -0400 http://seekingalpha.com/article/78660-the-white-elephant-that-could-destroy-your-portfolio-part-i?source=feed#comment-172900 172900 So, why not have the real estate depression break the back of inflation this year and right through 2012? The Fed can't do much to prevent the loss of family wealth anyway. If it means sacrificing John McCain and the GOP in the process, those are the breaks.
Bernanke doesn't have to raise Fed rates. All he has to do is simply wait for Bush's depression to take hold and do the Fed's dirty work for him.]]> Fri, 23 May 2008 17:01:31 -0400 So, why not have the real estate depression break the back of inflation this year and right through 2012? The Fed can't do much to prevent the loss of family wealth anyway. If it means sacrificing John McCain and the GOP in the process, those are the breaks.
Bernanke doesn't have to raise Fed rates. All he has to do is simply wait for Bush's depression to take hold and do the Fed's dirty work for him.]]> http://seekingalpha.com/article/78273-it-s-tough-to-bank-on-the-financial-stocks?source=feed#comment-171148 171148 FF), or ETFs tracing the financials, you will see they have been steadily rising as the moaning and groaning continues. Expect a major bull market move anytime now.]]> Wed, 21 May 2008 12:58:26 -0400 FF), or ETFs tracing the financials, you will see they have been steadily rising as the moaning and groaning continues. Expect a major bull market move anytime now.]]>