The Hammer's Comments The Hammer's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/207790/comments Rail Traffic Slump Rolls On http://seekingalpha.com/article/176430-rail-traffic-slump-rolls-on?source=feed#comment-788934 788934 Watching Bernanke's tesitimony in front of the senate just confirms his arrogance that he thinks he is so smart and right. This moron could not get it right while working with Greenspan and has been totally wrong on his own.
These smart ass professors have very little real world experiences and are totally out of touch with the realities of Joe 6 pack.
This guy is a total derelict when it comes to rational prudent financial politicies. you and i did not vote for this hired gunslinger. He needs to be fired immediately and replaced with someone that understands that leveraging up with more debt to solve a solvency crisis does not work.]]>
Thu, 03 Dec 2009 15:28:56 -0500 Watching Bernanke's tesitimony in front of the senate just confirms his arrogance that he thinks he is so smart and right. This moron could not get it right while working with Greenspan and has been totally wrong on his own.
These smart ass professors have very little real world experiences and are totally out of touch with the realities of Joe 6 pack.
This guy is a total derelict when it comes to rational prudent financial politicies. you and i did not vote for this hired gunslinger. He needs to be fired immediately and replaced with someone that understands that leveraging up with more debt to solve a solvency crisis does not work.]]>
Another Crisis Looms Right Around the Corner http://seekingalpha.com/article/175060-another-crisis-looms-right-around-the-corner?source=feed#comment-777355 777355
It's all debt and it has to be paid back unless it is defaulted on.

Whether it be household debt, state and federal debt, financial debt we are levered in all aspects of this economy except corp debt.
Household debt to disposable income is off record highs. In 2008 it was 138%, in 1990 it was 90% and lower than that in the 1980's.

The govt aling with every special interest is making all efforts to prop up asset prices expecially house prices. House prices busted this country along with the lax fraudulent lending that has just started up again with the corrupt FHA.

Entitlement programs will have to be cut and you know what that means....means testing. You save make rational financial decisions you pay for the derelict homedebtor sheeple.

Polticians suck....all of them. What an arrogant group totally out of touch with the big squeeze across america as in health insurance /costs, property taxes, utility/energy and watch the big squeeze in food prices going forward. this will be crippling to our country and the sheeple are going to get real nasty when they are hungry.]]>
Wed, 25 Nov 2009 13:01:35 -0500
It's all debt and it has to be paid back unless it is defaulted on.

Whether it be household debt, state and federal debt, financial debt we are levered in all aspects of this economy except corp debt.
Household debt to disposable income is off record highs. In 2008 it was 138%, in 1990 it was 90% and lower than that in the 1980's.

The govt aling with every special interest is making all efforts to prop up asset prices expecially house prices. House prices busted this country along with the lax fraudulent lending that has just started up again with the corrupt FHA.

Entitlement programs will have to be cut and you know what that means....means testing. You save make rational financial decisions you pay for the derelict homedebtor sheeple.

Polticians suck....all of them. What an arrogant group totally out of touch with the big squeeze across america as in health insurance /costs, property taxes, utility/energy and watch the big squeeze in food prices going forward. this will be crippling to our country and the sheeple are going to get real nasty when they are hungry.]]>
Mort Zuckerman backs the Fed as systemic-risk regulator, saying there's "no other institution - certainly not Congress - with the sophisticated understanding and detailed knowledge to monitor the financial health of the banking firms." Should Congress undermine the Fed, he says, we could face a world-wide collapse of confidence in the dollar. http://seekingalpha.com/news/market_currents/post/37183?source=feed#comment-777161 777161 These bonehead smart@$$ failures put us into this disastorus position today. They did not see the biggest housing and credit bubble in the history of mankind and they are the go to regulators?
What idiocy.]]>
Wed, 25 Nov 2009 11:07:44 -0500 These bonehead smart@$$ failures put us into this disastorus position today. They did not see the biggest housing and credit bubble in the history of mankind and they are the go to regulators?
What idiocy.]]>
Goldman Sachs (GS) is still on the hook for $21.3B in FDIC (and ultimately taxpayer) guarantees through the Temporary Liquidity Guarantee Program. Coincidentally, the bank expects an end-of-year bonus accrual of $20B. A suggestion. http://seekingalpha.com/news/market_currents/post/37143?source=feed#comment-776091 776091 Tue, 24 Nov 2009 20:09:29 -0500 With Housing So Affordable, Time to Go Long Homebuilders http://seekingalpha.com/article/175160-with-housing-so-affordable-time-to-go-long-homebuilders?source=feed#comment-775808 775808 In many parts of the country affordability based on median incomes are not cheap. So do not asume affordability means across every part of the country. some of the 50-60% down areas median incomes to house prices is attractive.]]> Tue, 24 Nov 2009 17:12:42 -0500 In many parts of the country affordability based on median incomes are not cheap. So do not asume affordability means across every part of the country. some of the 50-60% down areas median incomes to house prices is attractive.]]> David Rosenberg: The Recession May Have Ended, But the Depression Has Not http://seekingalpha.com/article/175119-david-rosenberg-the-recession-may-have-ended-but-the-depression-has-not?source=feed#comment-775793 775793 Tue, 24 Nov 2009 17:07:23 -0500 U.S. Running Out of Ways to Cheaply Finance Debt http://seekingalpha.com/article/175120-u-s-running-out-of-ways-to-cheaply-finance-debt?source=feed#comment-775786 775786 Unfortunately the govt has turned to a new piggy bank the FHA to solve all our problems. The same thugs that made this diaster are the ones pumping and hyping that things would be alot worse if not going down this kamakazi course. This is all BS. The govt has gone way to far handing out our money to failures. I say end this shell game now before it really gets bad.]]> Tue, 24 Nov 2009 17:03:15 -0500 Unfortunately the govt has turned to a new piggy bank the FHA to solve all our problems. The same thugs that made this diaster are the ones pumping and hyping that things would be alot worse if not going down this kamakazi course. This is all BS. The govt has gone way to far handing out our money to failures. I say end this shell game now before it really gets bad.]]> Eliot Spitzer on How Geithner Was Fleeced by Wall Street http://seekingalpha.com/article/175111-eliot-spitzer-on-how-geithner-was-fleeced-by-wall-street?source=feed#comment-775768 775768 Tue, 24 Nov 2009 16:40:20 -0500 Existing Home Sales on a Sugar High http://seekingalpha.com/article/174893-existing-home-sales-on-a-sugar-high?source=feed#comment-775464 775464 what's wrong with this realwhores? why do you fight scream and yell all the way down? rats.]]> Tue, 24 Nov 2009 13:16:52 -0500 what's wrong with this realwhores? why do you fight scream and yell all the way down? rats.]]> Artificial Economy? Yes. Artificial Inflation? No http://seekingalpha.com/article/174818-artificial-economy-yes-artificial-inflation-no?source=feed#comment-773726 773726
Yes the political system has been tainted and corrupted by special interest who own the politicians.
Only an uprising can change this now. The people have lost control of gov't. ]]>
Mon, 23 Nov 2009 14:04:00 -0500
Yes the political system has been tainted and corrupted by special interest who own the politicians.
Only an uprising can change this now. The people have lost control of gov't. ]]>
What Happens When the Government Stops Propping Up Housing? http://seekingalpha.com/article/174764-what-happens-when-the-government-stops-propping-up-housing?source=feed#comment-773704 773704 When will the revolution start?
What will trigger it?
Probably at this point it is spiraling food prices. If you can;t afford to buy food then you get pretty nasty.
Sheeple do not care how many schemes the govt inacts if it does not impact'em. lol. ]]>
Mon, 23 Nov 2009 13:54:03 -0500 When will the revolution start?
What will trigger it?
Probably at this point it is spiraling food prices. If you can;t afford to buy food then you get pretty nasty.
Sheeple do not care how many schemes the govt inacts if it does not impact'em. lol. ]]>
FHA Shenanigans Continue:When Will We Ever Learn? http://seekingalpha.com/article/174780-fha-shenanigans-continue-when-will-we-ever-learn?source=feed#comment-773648 773648
Many sheeple have not been impacted yet so they do not give a damn what is happening. lalala I got my job and nothing has changed with me so the hell with you sour puss. LOL!
These windbags will be the most vocal when they are decimated by the tsunami's 3rd wave coming our way....and it is going to be a big one.]]>
Mon, 23 Nov 2009 13:21:24 -0500
Many sheeple have not been impacted yet so they do not give a damn what is happening. lalala I got my job and nothing has changed with me so the hell with you sour puss. LOL!
These windbags will be the most vocal when they are decimated by the tsunami's 3rd wave coming our way....and it is going to be a big one.]]>
10 Reasons to Believe That We're in a Depression http://seekingalpha.com/article/174179-10-reasons-to-believe-that-we-re-in-a-depression?source=feed#comment-769587 769587
ALL POLITICIANS HAVE FAILED US. Our system is so F%$# corrupt that we can now compare it to some of these thrd world dives. Politicians are bought and paid for by special interest. They are thumbing their nose at the middle class.

I never hear any of these bloodsuckers talk about cutting spending.

However we do have a bunch of F%$# crybabies looking for bail outs everytime they make derelict financial decision.
All these homedebtors want to stay in "their" home. I hate to break the news to thes efreeloaders they are NOT home owners. A home owner sacrifices to buy a house and EARNS THE RIGHT! Enuf of the damn handouts to these freeloaders. EARN IT THEN YOU ARE REWARDED.]]>
Fri, 20 Nov 2009 15:39:50 -0500
ALL POLITICIANS HAVE FAILED US. Our system is so F%$# corrupt that we can now compare it to some of these thrd world dives. Politicians are bought and paid for by special interest. They are thumbing their nose at the middle class.

I never hear any of these bloodsuckers talk about cutting spending.

However we do have a bunch of F%$# crybabies looking for bail outs everytime they make derelict financial decision.
All these homedebtors want to stay in "their" home. I hate to break the news to thes efreeloaders they are NOT home owners. A home owner sacrifices to buy a house and EARNS THE RIGHT! Enuf of the damn handouts to these freeloaders. EARN IT THEN YOU ARE REWARDED.]]>
Ivy Zelman: Home Prices Going Back Down http://seekingalpha.com/article/174508-ivy-zelman-home-prices-going-back-down?source=feed#comment-768723 768723 The realwhores have predicted 4% price appreciation in 2010. What a laugh, but what would you expect from whores.]]> Fri, 20 Nov 2009 09:15:01 -0500 The realwhores have predicted 4% price appreciation in 2010. What a laugh, but what would you expect from whores.]]> 10 Reasons to Believe That We're in a Depression http://seekingalpha.com/article/174179-10-reasons-to-believe-that-we-re-in-a-depression?source=feed#comment-768659 768659 The FHA is being used by corrupt politicians to help their special interest buddies. It never ends til the people throw'em out. unfortunately to many dolts out there cannot see the pillaging since it does not impact them...at least yet. Then all hell will break loose when everyone feels the pain. The American clueless sheeple will be protesting and rioting. It will be to late at this point.
I remember clearly the Asian crisis and how South Korea just got slaughtered. The currency and market were down like 90% but the South Korean people did not look for handouts. What they did was handover all their gold to finance the Govt back to solvency until it recovered in fairly short order.
The Americna people are bunch of spoiled rotten kids who want someone else to bail them out of thier derelict fnancial decisions.]]>
Fri, 20 Nov 2009 08:33:43 -0500 The FHA is being used by corrupt politicians to help their special interest buddies. It never ends til the people throw'em out. unfortunately to many dolts out there cannot see the pillaging since it does not impact them...at least yet. Then all hell will break loose when everyone feels the pain. The American clueless sheeple will be protesting and rioting. It will be to late at this point.
I remember clearly the Asian crisis and how South Korea just got slaughtered. The currency and market were down like 90% but the South Korean people did not look for handouts. What they did was handover all their gold to finance the Govt back to solvency until it recovered in fairly short order.
The Americna people are bunch of spoiled rotten kids who want someone else to bail them out of thier derelict fnancial decisions.]]>
Bernanke Blames Banks for Slow Recovery - While Patting Them on the Back http://seekingalpha.com/article/173782-bernanke-blames-banks-for-slow-recovery-while-patting-them-on-the-back?source=feed#comment-764116 764116 Tue, 17 Nov 2009 14:08:49 -0500 AIG Counterparties: The SIGTARP Report http://seekingalpha.com/article/173833-aig-counterparties-the-sigtarp-report?source=feed#comment-764105 764105 Maybe someday the clueless sheeple will realize the disaster they are inheriting.]]> Tue, 17 Nov 2009 14:03:27 -0500 Maybe someday the clueless sheeple will realize the disaster they are inheriting.]]> The Complete List of Swiss ADR Stocks http://seekingalpha.com/article/172218-the-complete-list-of-swiss-adr-stocks?source=feed#comment-753754 753754 Tue, 10 Nov 2009 10:11:31 -0500 Property Values Set to Fall 43% from Current Depressed Levels http://seekingalpha.com/article/170526-property-values-set-to-fall-43-from-current-depressed-levels?source=feed#comment-746561 746561 In general people should not be spending more than 30% or so of their income on house expenses.
If you spend more how do you have additional funds to save for retirement. Owning a house should not be debt slavery. it is not worth it. Just ask all the homedebtors that bought into that propaganda in past 5 years. many wished they just rented now.
Do not listen to the scammers peddling real estate. These same scammers were saying just a few years ago it was a great time to buy and sell real estate. LOL!!!!
These scumb@gs have lost all credibility with me.]]>
Thu, 05 Nov 2009 12:58:40 -0500 In general people should not be spending more than 30% or so of their income on house expenses.
If you spend more how do you have additional funds to save for retirement. Owning a house should not be debt slavery. it is not worth it. Just ask all the homedebtors that bought into that propaganda in past 5 years. many wished they just rented now.
Do not listen to the scammers peddling real estate. These same scammers were saying just a few years ago it was a great time to buy and sell real estate. LOL!!!!
These scumb@gs have lost all credibility with me.]]>
Property Values Set to Fall 43% from Current Depressed Levels http://seekingalpha.com/article/170526-property-values-set-to-fall-43-from-current-depressed-levels?source=feed#comment-742610 742610
What is important is the economic climate of a region. If jobs and incomes are under pressure houses will trade down to ZERO!

Just look what is happening across parts of the mid-west as jobs and incomes have evaporated.

Now I think this will spread to the east and west coasts as our standard of living falls as does real incomes.]]>
Tue, 03 Nov 2009 13:08:57 -0500
What is important is the economic climate of a region. If jobs and incomes are under pressure houses will trade down to ZERO!

Just look what is happening across parts of the mid-west as jobs and incomes have evaporated.

Now I think this will spread to the east and west coasts as our standard of living falls as does real incomes.]]>
Property Values Set to Fall 43% from Current Depressed Levels http://seekingalpha.com/article/170526-property-values-set-to-fall-43-from-current-depressed-levels?source=feed#comment-742303 742303 In the end, the economy and incomes must support the price of housing and I do not believe that is the case today.
Asset prices have been overpriced for many years due to the backstop and easy money politicies of the government. With the rise of emerging economies around the world and their falling reliance of the USA, the government will lose its flexiblility to paper over our structural economic issues.
Now the FHA has become th new piggy bank for all this corruptuion and special interests. In the end, this cannot continue without serious consequences. I am sure we can assmeble numerous scenarios but most imo are not good.]]>
Tue, 03 Nov 2009 10:48:30 -0500 In the end, the economy and incomes must support the price of housing and I do not believe that is the case today.
Asset prices have been overpriced for many years due to the backstop and easy money politicies of the government. With the rise of emerging economies around the world and their falling reliance of the USA, the government will lose its flexiblility to paper over our structural economic issues.
Now the FHA has become th new piggy bank for all this corruptuion and special interests. In the end, this cannot continue without serious consequences. I am sure we can assmeble numerous scenarios but most imo are not good.]]>
John Meriwether Is Back - Risk Must Be Too http://seekingalpha.com/article/168421-john-meriwether-is-back-risk-must-be-too?source=feed#comment-727975 727975 What a rigged system.]]> Fri, 23 Oct 2009 20:56:28 -0400 What a rigged system.]]> Why the Home Buyer Tax Credit Is a Bad Idea http://seekingalpha.com/article/168270-why-the-home-buyer-tax-credit-is-a-bad-idea?source=feed#comment-727056 727056 These organizarions have 0 credibility. Housing is way overrated as an economic engine for growth. how does it make our country more competitive? The bloodsucking subsidies need to end now.]]> Fri, 23 Oct 2009 11:09:46 -0400 These organizarions have 0 credibility. Housing is way overrated as an economic engine for growth. how does it make our country more competitive? The bloodsucking subsidies need to end now.]]> BARNEY FRANK IS A DANGEROUS LUNATIC WITH POWER http://seekingalpha.com/instablog/239719-james-quinn/31041-barney-frank-is-a-dangerous-lunatic-with-power?source=feed#comment-715076 715076
If you live in Mass. you need to take some responsibiity for electing this country wrecker continuosly.]]>
Wed, 14 Oct 2009 12:04:26 -0400
If you live in Mass. you need to take some responsibiity for electing this country wrecker continuosly.]]>
The U.S's Permanent Depression http://seekingalpha.com/article/164835-the-u-s-s-permanent-depression?source=feed#comment-703521 703521 Solving a debt issue by issuing more debt is not the solution.
Recessions serve a purpose to correct all the malinvestment of a past economic cycle. Let this one play out for once.]]>
Mon, 05 Oct 2009 09:24:17 -0400 Solving a debt issue by issuing more debt is not the solution.
Recessions serve a purpose to correct all the malinvestment of a past economic cycle. Let this one play out for once.]]>
Semiconductor sales are another "less bad" indicator, totaling $19.1B in August, down 16.1% from the prior year. In July, sales were 18.2% below last year, and the first half was down 26% Y/Y on average. http://seekingalpha.com/news/market_currents/post/33554?source=feed#comment-700448 700448 Fri, 02 Oct 2009 14:05:06 -0400 Citadel's high-frequency trading unit brought in about $1B in profits in 2008. The revelation, which emerged from a court case this week, gives new insight into just how lucrative the secretive practice can be. http://seekingalpha.com/news/market_currents/post/33536?source=feed#comment-700412 700412 hhmmm?]]> Fri, 02 Oct 2009 13:53:33 -0400 hhmmm?]]> Is ConocoPhillips a Potential Multi-Bagger? http://seekingalpha.com/article/164377-is-conocophillips-a-potential-multi-bagger?source=feed#comment-700364 700364 COP has made some quality acquisitions, but mulva's timing is rather poor. In addition, When oil and Nat gas were sky rocketing in price over $100 and $12 mcf I wrote an email to the Board of directors telling them that they should hedge some production something like 25-50% and let the rest float with the market.. My main reason was that the oil prices was above the inflation adjusted highs and the company just made a few large acquisitions and it would be prudent to lock in some production to pay down debt , continue the dividend and maybe even buy in a few shares of stock. i received some non-sense email back stating that investors wanted the oil price to float and that they should hedge against it if you wanted.

What a bunch of dolts on the board!]]>
Fri, 02 Oct 2009 13:24:57 -0400 COP has made some quality acquisitions, but mulva's timing is rather poor. In addition, When oil and Nat gas were sky rocketing in price over $100 and $12 mcf I wrote an email to the Board of directors telling them that they should hedge some production something like 25-50% and let the rest float with the market.. My main reason was that the oil prices was above the inflation adjusted highs and the company just made a few large acquisitions and it would be prudent to lock in some production to pay down debt , continue the dividend and maybe even buy in a few shares of stock. i received some non-sense email back stating that investors wanted the oil price to float and that they should hedge against it if you wanted.

What a bunch of dolts on the board!]]>
Fed Vice Chairman Donald Kohn on exit strategy: Unwinding unusual policies takes time, so it will be based on forecasts rather than current conditions. "Clearly, the present degree of accommodation ... is extraordinary." Fed has the tools, including paying interest on reserves, which will allow short-term rate hikes even with high quantity of assets - but rates to remain low for extended period. Lending programs are winding down with improving conditions, as designed. http://seekingalpha.com/news/market_currents/post/33387?source=feed#comment-697040 697040 It is time to replace all these MFers with some people that are independent thinkers not putzes.]]> Wed, 30 Sep 2009 13:13:54 -0400 It is time to replace all these MFers with some people that are independent thinkers not putzes.]]> A Shortage of Bullets Presents Investment Opportunities http://seekingalpha.com/article/163105-a-shortage-of-bullets-presents-investment-opportunities?source=feed#comment-694019 694019 Citizens have lost control of the govt. It is dominated by cronyism and special interests.]]> Mon, 28 Sep 2009 12:07:34 -0400 Citizens have lost control of the govt. It is dominated by cronyism and special interests.]]>