axelrod608

Wall Street Breakfast: Must-Know News

>> "A Goldman spokesman called the risks a "moot point." " >>

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.

Wall Street Breakfast: Must-Know News

Mr Collins - it is helpful when criticizing someone to have one or two facts. You haven't a clue what my investing philosophy is based on a largely political opinion.

For the record, I bought over 3000 shares of stock this week. I have buy orders holding for another 2500 shares. if the prices get down to my level.

I understand clearly that the stock market is not the economy or vice versa. There is money to be made in EVERY market condition. Even when the politicians are doing everything possible to keep this mess screwed up. Believe in the bailouts if you want. Believe the market has bottomed if you want.

I believe I will buy up a bunch of resouce stocks that have been decimated and make big bucks when they rebound. You have a nice day.

Wall Street Breakfast: Must-Know News

>> ..."companies show no signs of going bankrupt and one day will explode to the upside unless our once great country goes under." >>

Look at any bull market and you'll find P/E ratios doubling, tripling or more. The driving force is EARNINGS. Increases in earnings drive stock prices up.

If you believe the claptrap coming out of DC that is working on the theory that the market can be made whole by re-capitalizing insolvent financial institutions, then it would logically follow that current federal policy will work. If it does, it will be the first time in history.

To quote Jerry Maguire, "Show me the money". Where exactly are the earnings going to come from to drive stock prices up ?

Our failed economy is driven 70% by consumer spending. Consumers are out of work, hours for those who work cut, no home equity.left to extract, savings and retirement funds savaged. Exactly where is the increase in consuner spending going to come from ?

Half of the remaining 30% of our failed economy is generated by the "financial sector". How are they doing ? DC is going to reduce mortgage rates which will shrink their earnings and cramdown losses on underwater mortgages. Just exactly where will these imaginary earnings increases come from ?

The programs coming from DC have the same probability of working as the probability of snow here in Florida.

Earnings drive markets. Lack of earnings gut them.

"Show me the money"

Wall Street Breakfast: Must-Know News

Yes, another fine breakfast buffet. Excellent reporting, bad news.

> Minutes released from October's FOMC meeting show the Federal Reserve ready to 'take whatever steps were necessary,' >

Where, one wonders, is the discussion of what needs to be done to restructure the unsustainable economic conditions that were brought into the 21st century. By definition, unsustainability cannot br maintained or, as is the case now, once lost cannot be retained.

We have a bunch of "born again believers" in charge of our economic structure, so blindly devoted to their economic theories that they have zero objectivity. They never even consider that their underlying assumptions might be false.

Unlimited cheap credit - essentially "free money" - is what got us here, changed a productive economy into a consumptive economy. The country and the world are choking on the effects of the cash tsunami. So why are these zealots trying to reinflate the creit bubble ? Because their zeal exceeds their objectivity.

That sound you hear is the US - and the global - economy swirling in the bowl, and the nation's "leaders" are pouring money in as fast as possible to ensure the flush gets completed.

Buy gold. And seeds for the vegetables you want to eat next year.

Wall Street Breakfast: Must-Know News

When George W Bush was first nominated, I found and read a biography of him since I didn't know anything about him. As a result, I was not a fan. Nevertheless, I held my tongue and gave him the opportunuity to prove to me and my fellow Americans how he would govern. And only after he did what he did, did I criticize.

Clearly, many will not give this President a honeymoon for 100 days, nay, even 100 minutes. Most of the criticisms of Obama made by the Republican campaign have been proven to be lies. Those that are not downright lies are distortions and inaccurate interpretations.

W need some civility in our world. Without it we are no better than the radical terrorist lunatics that renounce absolutely everything and everybody who differs from their beliefs.

If you make more than $250,000 a year, you can afford to pay a small amount more in taxes. I make a fraction of that in retirement and could afford it. I'm sick, tired and fed up with whiners who look solely at their PERSONAL interest above the nation's interest. This nation has one of the lowest income taxes in the world - why do you think most of the world's wealthy people move here ?

In good times, it may make sense to lower taxes to spur economic growth. You should read what Arthur Laffer REALLY wrote rather than the Cliff's notes version spewed by the talking heads on TV. Laffer himself recently said it would not benefit the economy to lower taxes on the rich at this time in this economy.

People who want to starve the IRS given the massive discrepancy between revenue and spending that exists today want to kill the US government and the US economy. The situation is unsustainable. (Personally, if it would also kill the two ruling parties - the Republicrats - I'd be in favor as well).

United we stand, divided we fall. When you choose sides, choose wisely.

Wall Street Breakfast: Must-Know News

PIA hard to contain your enthusiasm I see.