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Jackson Cash

Jackson Cash
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  • The Obama stimulus package has grown to almost $850B. WSJ and Bloomberg have details.  [View news story]
    Well that's good news for the banksters! Anyone heard if even one dollar from TARP has made it into a loan yet??

    Perhaps we need to rearrange the letters to TRAP.
    Jan 14 10:50 PM | 1 Like Like |Link to Comment
  • The next six months are going to be very painful, retailers at the annual NRF convention concur. J.C. Penney (JCP) CEO Mike Ullman tells attendees his family has its own TARP program - he pledged to pay off his children's credit card debt in exchange for the cards. It worked.  [View news story]
    Gee, I wish I had a rich daddy that would pay off my responsible debts, let alone my irresponsible ones!

    Given that Ullman can't even coach his own children financially calls into question literally every word of his credibility.

    Was Congress the "attendees??"
    Jan 14 05:42 PM | 2 Likes Like |Link to Comment
  • Cycles, Recessions, and Looking Forward [View article]
    I think stimulus in the right places is needed.

    This does NOT mean those that created the problems get the stimulus, contrary to nearly every politician. Banks are utterly out of control in the US and arguably the world. Power is as corrupt as the banks are in power.

    The previous poster is optimistic compared to the forecast that I would predict.

    Have financial problems? Thank a banker (preferably with your fist).
    Jan 14 05:38 PM | 8 Likes Like |Link to Comment
  • Earnings Preview: Intel [View article]
    Did anyone proofread this article?!
    Jan 14 05:15 PM | Likes Like |Link to Comment
  • Citigroup (C) is reportedly in talks to sell its Smith Barney unit to Morgan Stanley (MS) and is considering a joint venture with MS.  [View news story]
    Hoover is right, this is paid for out of your TARP funding.

    I wonder how many bonuses are also being paid on top of the premium to those whom are orchestrating the robbery...
    Jan 9 10:15 PM | Likes Like |Link to Comment
  • Reports of Equities' Death Are Greatly Exaggerated [View article]
    I think that this commentary illustrates one premise:

    No one knows what is going on. Not investors, not Wall Street, not the government.

    I would liken the present investing environment to dumping the board of checkers. Simply placing the pieces back on the board doesn't make any sense whatsoever to what the game "ought" to look like prior.

    No jobs, rampant spending, debt-laden consumers are dead.

    How can one possibly presume a direction in markets whatsoever?
    Jan 5 10:03 AM | 6 Likes Like |Link to Comment
  • Laszlo Birinyi: S&P 750's the Bottom - Barron's Interview [View article]
    Even Helen Keller could see that THE best indicator of a "bottom" is the unemployment line, just like last time in the 30's.


    Jan 4 10:50 PM | 1 Like Like |Link to Comment
  • Yellen's sentiment was echoed by Chicago Fed president Charles Evans, though he tempered his enthusiasm for wide-scale stimulus by calling current policy 'sobering.' "By historical standards, our current fiscal debt is not unusually large; but our expected future obligations are enormous." (full speech)  [View news story]
    Translation:

    1. If you are rich, we will keep you rich.

    2. If you are not, even if financially prudent, your money will go towards number one.
    Jan 4 10:34 PM | 3 Likes Like |Link to Comment
  • Credit Started This Recession; It Will Also Help End It [View article]
    Not a chance. Credit is the red-herring.

    Bad policy fueled by self preservation and greed caused the crisis and will continue to perpetuate it.
    Jan 4 11:28 AM | 4 Likes Like |Link to Comment
  • That Was the Year That Was [View article]
    Cmon James, you can't be serious touting the "past performance is indicative of future results." Just because the color is red doesn't mean its inherently going to get better.

    Your commentary on the treasuries is much more revealing. Things that never go negative are negative. Plain and simple that is a rather disturbing attribute.

    There is PLENTY to be lost, and arbitrary cherry picking because cherries are red is worthless banter.

    Let's talk about jobs.
    Jan 2 12:27 PM | Likes Like |Link to Comment
  • The so-called Y29K Zune bug was caused by an error in how Microsoft's (MSFT) digital music player's clock dealt with the leap year, MSFT says. The problem self-corrects as the device moved to Jan. 1.  [View news story]
    Agree with Chris B.

    Microsoft heavily promotes the 60% rule, where 60% works and products are sent to market. This only frustrates the likes of those purchasing the trash, and like a drop in the bucket. Sooner or later the bucket is full, and those same people will never look back.

    12:01 MS-Cinderella.

    I believe that they will be letting people go as rumored.
    Jan 2 12:20 PM | 1 Like Like |Link to Comment
  • Trust: The Biggest Casualty of 2008 [View article]
    Good observation. However, I would argue that trust won't return for a long time.

    We still have zero resolve with the financial crisis, over $50TRILLION in assets in tier 3 yet to be actually valued.

    What wonk thinks that people want to get slaughtered!
    Jan 2 12:11 PM | 2 Likes Like |Link to Comment
  • 2009: Expecting a Massive Rally [View article]
    DOW at 4000 +/- where it rightfully belongs.

    Slooooow and painful -- Expect absolute hell as the masses wake up and realize that Wall Street is vapor and they have nothing, and unable to retire.
    Dec 30 01:40 PM | 8 Likes Like |Link to Comment
  • Uncovered by SPIC protection, indirect investors in Madoff's scam beg for leniency: "Please consider broadening access to SIPC for all individuals who lost so much or all of their life savings."  [View news story]
    Same old same old. "W" will bail them out too, i mean after all, they are prime republibullshit contributors.

    Time to call Dobson and pray.
    Dec 30 01:33 PM | 3 Likes Like |Link to Comment
  • It's hard to know for sure, but Ford's (F) new self-parking feature will probably add about $1,000 to the cost of a Lincoln - yet another layer of complexity in a decaying manufacturing process that will likely cost more to develop than it ever brings in.  [View news story]
    In other words, the same old business as usual in Detoit.

    Thank a Congressman. Buy an import.

    Dec 30 01:31 PM | Likes Like |Link to Comment
COMMENTS STATS
358 Comments
300 Likes