danf

Time for the U.S. Economy to Reindustrialize

"The President doesn’t want foreigners to lend us any more of our own money to buy any more of their trinkets."

The president doesn't think about this at all. If it's not on the teleprompter it's not in the presidents mind. The president has never had a real job in his life. He has no idea of what it means to produce. If anything, I suspect the president wants exactly what is described here - please foreigners keep lending us money so I can be the dispenser of goody's.

I don't know what the answers are any more than any one else, but to imagine that anything meaningful is going to come from the state is a sign that we still have a long way to go through this process.

Point of No Return or Perfect Buying Opportunity?

Regarding BAC, the market seems to be pricing in a significant cut in the dividend. Yield at these prices is 9.4%. I would certainly buy that if I didn't think a 50% dividend cut is coming in the next quarter or 2.

Any thoughts out there on BAC dividend ? Maybe this is one of those difficult places where announcement of a dividend cut would actually be a catalyst for the stock to turn around