Wall Street Breakfast: Must-Know News [View article]
Old, Trader: Greetings. What an excellent idea! Just have FDIC call MUFG every Friday to see if they want to purchase this weeks failed banks at a discount. Kills two birds with one stone: FDIC gets off the hook and MUFG gets to buy U.S. banks on the cheap.
What to Do With Fannie and Freddie? [View article]
Precisely why the banks and brokerages that made the bad bets should have been allowed to crash and burn. Without the GSEs as a back stop they would have because no tax payer money would have been available to keep the zombies afloat. TBTF is a myth created by politicians to perpetuate a failed system. John, Galt is correct those entities should not exist now and could not exist in a rational market because they are already bankrupt.
What to Do With Fannie and Freddie? [View article]
Private equity firms and banks would not touch the toxic "Assets." of the GSEs. A clear indication that no market niche exists for them to fill. They are a cancer on the market created by government to accomplish an impossible mission. Home ownership is not a right.
What to Do With Fannie and Freddie? [View article]
Why replace them at all? Social engineering is not a government mandate. People who can not afford to purchase a home shouldn't. As it stands now the GSEs are little more than political piggy banks which is why the new FINREG legislation ignores them.
James, Quinn: Greetings. Unless we are reminiscing about how Ronald Reagan turned the Carter recession around with the expectation of executing some thing similar you are indeed correct. Unfortunately I don't see any thing like that happening any time soon.
Understanding Resource Constraints: An Update [View article]
Thanks for the save John. That is indeed what I was thinking of. This thread has become very long and is becoming nonresponsive. Thank you for the debate gentlemen and ladies.
The housing bubble was created by some misguided social engineering and the risk mitigation that followed. Shortly thereafter it was turned to fraud for fun and profit. James did an excellent summery of a book about the whole sordid affair not long ago. As for the well managed social programs that the Scandinavians have: Part of that is very limited and strict immigration laws rigidly enforced and funding by north sea oil accounts for the rest. We should be locking down our borders too but that is an entirely different discussion.
Wall Street Breakfast: Must-Know News [View article]
ebworthen: Greetings. I agree, but (There's almost always a but.) there are two things working against paper. It's not a very sexy one trick pony and paper takes up a lot of space. One kindle that fits in your tote bag can contain all the books stored in a small public library.
Understanding Resource Constraints: An Update [View article]
REEs are used to make the magnets (Rare Earth Magnets) in the high efficiency motors used in most EVs. Some battery technologies use them also. What do you think Lithium is?
TeresaE: Greetings. I too fear the coming of dark ages so you are not alone in this stories pages. There are more and more people who are realizing that we have gone down the wrong fork in the road. As the awakening continues I have faith that we will change course after the midterm elections but I still am preparing for the worst case scenario. As the sage said prepare for the worst, hope for the best, and you will avoid surprises and disappointment.
Wall Street Breakfast: Must-Know News [View article]
Earnings misses by the big guys (IBM), (GOOG), (GS) ETC... indicate that the recovery is not going well. Most of the stimulus was wasted on political BS and is not stimulating corporate growth which means jobs are not being created. Saying the situation looks grim going forward is a master stroke of under statement.
Understanding Resource Constraints: An Update [View article]
While GREVs may or may not be viable going forward they are not the panacea portrayed by their supporters. As long as they are plugged in to NG or coal fired electrical production facilities they are running on fossil fuel. I recently bought Excide (XIDE) @ $4.70 and a follow on play on Altair Technology (ALTI) above $0.70. Was it because I think GREVs are the best thing since sliced toast? No! Those positions were opened to cash in on all of the new battery applications that are coming including vehicles. That being said I have positions in fossil fuel (Already noted) as well and believe that they will profit as well. Neither technology is going away so profit from them as best you can.
Wall Street Breakfast: Must-Know News [View article]
Goldman Sachs (GS) earnings miss. Housing starts down 2% on the heels of last months 10% decline. Unemployment static at near 10% (Low balled if you ask me) Yes I would say momentum is flat at best even in the face of decent earnings reported from most companies so far. In the words of another "This has not been the break out quarter investors expected.".
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
What to Do With Fannie and Freddie? [View article]
What to Do With Fannie and Freddie? [View article]
What to Do With Fannie and Freddie? [View article]
WELFARE & WARFARE [View instapost]
Understanding Resource Constraints: An Update [View article]
WELFARE & WARFARE [View instapost]
Wall Street Breakfast: Must-Know News [View article]
Understanding Resource Constraints: An Update [View article]
Homeland Security Out of Control [View instapost]
Homeland Security Out of Control [View instapost]
Wall Street Breakfast: Must-Know News [View article]
Understanding Resource Constraints: An Update [View article]
Wall Street Breakfast: Must-Know News [View article]