Frank Rong1

Financials and Housing: The Outlook Remains Ugly

Nothing new from this article. Yes, many lenders will disappear from this mess, but overall, american consumers will benefit from this mess as home prices finally coming down.

Just like any industry, when prices of a commidity goods(housing this case)move up, more competition come in, thus more of the commodity being produced, eventually prices felt back.

American consumers go best of the deal, since many of them bought prices high with no money down, how much will they lose? Nothing

Financials To Resume Meltdown Momentarily

credit cards will not blow up for sure. Jason is very short-sighted. he has no clue how card companies make their money.

seekingalpha.com/artic...

U.S. Savings Rate To Increase, Finally

0% saving rate is false. The way to calculate the saving rates in this nation is flawed. Amercian consumers pay 15.65% social security Tax to uncle sam, that should be accounted as saving. And also, the saving rate does not adjust for principles and interests. eg. If you pay a monthly mortgage payment of 1500, that 500 is principle, and 1000 is interests. 500 should be called savings.

In fact, American consumers are the biggest savers in the world.

News media is the most stupid segment of our economy, many reporters are retarded socialists.