The top 100 stock
market authors
selected for publication
market authors
selected for publication
axelrod608
»
Comments
|
You are currently following axelrod608
Stop FollowingYou are no longer following axelrod608
-
476
)
Sort by:
Latest | Highest ratedWall Street Breakfast: Must-Know News [View article]
Which is to say that since Goldman is all powerful in Washington DC as well as Wall St, NO negative consequences will come to Goldman.
The sheer arrogance of this company is monumental. They were one of the key players in the stupidity that resulted in the financial crash in which $Trillions of wealth were vaporized, yet they lose nothing and the stupid government and Fed that they have bought will NOT hold them accountable AND will give them $Billions in interest-free taxpayer money.
Folks, ignore the controversy about corruption in Afghanistan. Corruption is alive and well right here in the USA. Our CON gress is bought and paid for. Puppets of the corporate oligarchy.
Too Big to Fail Banks: A Simple Solution [View article]
The idea that huge amounts of money at zero interest is a LOAN is ludicrous. Call it what it really is - these are GIFTS. And the average fifth grader could make profits on free money.
The US federal government is the poster child for "too big to fail". Run by idiots whose financial plan is to spend 50% more than their income FOREVER. Is it any wonder they're pumping free money into megabanks ?? And people wonder why gold and other commodities is where the smart money is going...
EVERY empire in history has failed. This one will too. It's only a matter of time.
Wall Street Breakfast: Must-Know News [View article]
MOST of AIG continued to be well run and still is. MOST of AIG has been continuously profitable. MOST AIG emplloyees are good, competent people.
I know you're angry about the bailouts. I am too. But let's keep the comments accurate. And the part of the AIG bailout that makes me furious is that the ONLY reason our "leaders" bailed AIG out was that Goldman Sucks was counterparty to many of AIG's derivatives and would have taken huge losses if AIG failed. The AIG bailout was really a GS bailout.
The underlying belief of our "leaders" is that what's good for GS is good for America. It was wrong when they said it about GM and it's wrong about GS too.
Don't Believe Long-Term Oil Forecasts [View article]
There are a host of factors that influence both supply and demand for oil and anyone who claims to have a clear, concise, accurate prediction of what the petrofuture looks like is either God or wrong.
One thing is certain - the relatively stable oil markets of the 20th century are over. The supply/demand/cost relationships are much more volatile now, and will, in my opinion, become more volatile as time goes by, until and unless the world gets serious about tapping renewable energy resources. Low cost oil producers are in decline. New souces are there, but much more difficult and expensive to develop.
The days of CHEAP oil are history.
Wall Street Breakfast: Must-Know News [View article]
The logical way to expand health care to the uninsured would be to greatly expand the National Health Service Corps program and its nonprofits which successfully operate in all states. Don't look for that to happen anytime soon, though, since the for-profit health insurance and care lobbies have been buying congresscritters as fast as Buffet buys stock.
If you think universal health CARE (not universal health INSURANCE) is essential, you are living in the wrong country. It will NEVER happen here as long as the Republicrats and the folks who bought them are in charge.
Calling the bastardized bill(s) currently in CON gress "health care reform" is just plain wrong. Tinkering with the nonessentials, adjusting reimbursement rates, etc, is not reform. It is what CON gress is good at - futility. The net result will leave the American "health care system" unchanged in any significant way.
Now, I must go and read the hundreds of pages of the Medicare 2010 book my government sent me to inform me of the hundreds of changes they've made for this year. THAT is what our "health care" dollars are being spent on - I get thousands of pages of printed crap from hundreds of insurance companies and the government every year, most of which I can't understand anyway because it's all written by thousands of attorneys.
Bottom line - LESS THAN HALF of all the money Americans spend for "health care" actually pays for health care. "Reform" would change that. Reform is NOT going to happen. Only the details will be adjusted. The golden rule applies - those with the gold make the rules.
CIT Group's Bankruptcy Plan: Goodbye Common and Preferred Stock [View article]
It's the same version of "accounting" as is being used to make Q3 numbers look so good. Yes, there are a FEW companies with robust business activity. Overall, the true result is NET LOSS for both public and private economic activity.
Making the middle class poorer will not lead to "recovery". And the underlying government policies are gutting the middle class.
Oil: Supply and Demand? Hardly! [View article]
>> "The cost of fuel is the corner stone" >> of civilization as we in the Western world know it. And while we are an amazingly adept species at problem solving, we sometimes don't address the right problem. yes we can find and exploit more fossil fuels. For a limited time, because the resources are finite. They will NOT last forever.
We would be wise to put out bucks behind converting to sustainable energy.Our children and their children would be thankful. But our corporate and political leaders ( ??there's a difference ??) seem to prefer to walk on the razor's edge of the supply/demand continuum.
When the dollar index drops into the 40's, where will the money come from to build green energy ??
Wall Street Breakfast: Must-Know News [View article]
How Washington's Policymakers Are Damaging the U.S. Economy [View article]
We are run by two ruling parties who would like us to believe that they are different. But at their very core, not one of the current 535 "fools on the hill" - with the possible exception of Ron Paul -or any of this or any previous administration believe that we will EVER have to repay our national debt. The operative assumption is that somehow we can continue to borrow and spend with no need to repay it, EVER. Thus, the underlying assumption of ALL federal policy results in unsustainability.
Worse, the tactics that people believe can be used to "solve" the neverending debt accumulation problem are based on the kind of logic that would get one a failing grade in every Logic class. "We can grow our way out of the problem" - yes, TEMPORARILY. Not forever. Spending more that one's income eventually results in insolvency, bankruptcy.
"We can inflate our way out of it" no, not really. Inflating the currency changes its RELATIVE value - against other currencies. Make the dollar ten times cheaper than other currencies and they will buy us out. They're already doing it. Foreign ownership of productive US assets is ongoing. It will continue to accelerate as our currency fades.
Invalid assumptions result in unsustainable policies. The idea that we can forever spend more than our income by borrowing forever is ludicrous and illogical. What we are left with is a Washington bureaucracy that has only two things it can do - determine how fast and how far down the rabbit hole they will take us.
Wall Street Breakfast: Must-Know News [View article]
Get real. ZIRP benefits megabanks. And megagovernment. Interest rates are going nowhere as long as GS can use free money for trading and the Gummint can use free money for, well, every stupid thing they can think of.
Pension Apprehension [View article]
It also has pushed investors out onto the increased risk continuum, especially those nonprofessional investors who don't know or understand the risks. Bernie Madoff's scam was made possible by Alan Greenspan. He pushed us all out onto the risk continuum.
I remember reading 3 - 4 years ago about the "looming pension crisis". Then, Fortune 500 pension plans were underfunded by well over a $Trillion. But the financial assumptions were so insanely rosy that those in power just ASSumed we'd grow our way out of the problem. Duh.
With a jobless recovery well under way, I expect US economy to be very similar to the Japanese economy of the past decade or two. So the ultimate question is, if ZIRP is such a brilliant policy why does it result in ZEGR - zero economic growth rate? And yes, I realize it was extremely effective at inflating the bubble. But now that the bubble has popped, what will ZIRP do ? For a few megacompanies it will provide opportunities for obscenely high earnings. For the middle class, especially retirees, it will suck the life out of every class of retirement vehicle.
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
How can you call vaccines risky when Congress has already preemptively bailed the drugmakers out ? Big pharma no longer has ANY risk other than losing money if they don't sell. Under current law, any person killed, crippled or made sick by a vaccine can only sue for damages in "vaccine court" and if they win, the TAXPAYERS pay the damages.
Worse, because of shortages this year, vaccine peddlers are "extending" (diluting) vaccines to make them go farther. The adjuvitants used to dilute the vaccines are NOT tested for use in humans. Some of them are known carcinogens.
See Dr. Joseph Mercola's article for complete info at mercola.com.
Add to that the fact that two states have made vaccinations MANDATORY. If you refuse, they can force you into quarantine until the threat is over.
The land of the free and home of the brave is crumbling under massive government overregulation that favors big business over individual rights.
Wall Street Breakfast: Must-Know News [View article]
Buy if you want to sell a home over $250,000, your chance of finding a buyer is only marginally better than your probability of getting hit by a snowball.
Cherry picking statistics does not lead to valid conclusions. Keep in mind that all reputable reports are documenting the mass of empty homes that are not in foreclosure or on the market - the part of the housing iceberg not visible.
The housing bubble continues to deflate in the areas it was most overblown.
Seven Points to Look For in October [View article]
Taking the cash value out of life insurance only makes sense if you're holding enough cash to settle your estate. And most annuities have substantial penalties for cashing out. It makes little sense to lose money needlessly.
You can ride the upside as long as you buy protection. I don't, but I had a stroke a while back and complexity is difficult for me.
The sky is not falling.