formerhawk

Bernanke Seems Clueless About the Real State of the Economy

Negative spin, negative spin. Create a crisis, make things really really bad then set yourselves up to be in power because "nobody else can pull the country out of this" or "you're the only one who knows what is going on." I wouldn't believe the left leaning universities or their political hack professors. The reason why Citi needed cash is the investors pulled their money out and the reason the investors pulled their money out was doom saying by too many politicians and so-called experts. I fear for our country and I pray for the real truth.

Was the Global Equities Crash Related to Obama's Election?

The market NEVER likes one party control of congress and the presidency. Obama isn't the only cause of the debacle but his actions aren't helping it either.

Will Obama Be Re-elected?

"Republicans start a "he just doesn't have the experience to get us out of this" conversation in 24 months, and to boast of their big business prowress"

So, you think its going to take 24 months......

The Reagan Counterrevolution

Good post. We don't know what Obama will do because he doesn't vote on many issues. As you say the spend philosophy in Washington has never abated and is at the crux of our problems.

The Bear Market Takes a Breather

You call Friday a breather?

Market Death Spiral Continues

"It's as if this administration is mad at anyone who worked for what they have, and didn't give their money to losers, so Obama is going to do that for us."

Obama to Joe the plumber: "Spread the wealth around."

Sorry folks, anyone who heard the unscripted comment from Obama above and did not believe it and now has remorse needs to drag out a mirror, look into the eyes reflecting back and say "you are the reason for this." Maybe you'll like what you see in 4 years but my odds say from present performance (questionable friends, nominated tax cheats, proposed budget) you probably won't. BTW I hope my odds are wrong.

Welcome to Salvation (aka Mark to Myth)

Sorry son, your 7K credit card bill is still 7K and yes you do sound kinda rediculous.

Preview from Europe: Does the Rally Have Legs?

Too late to let AIG fail, shouldn't have let Lehman fail.

The Rally, When It Comes, Will Be a Doozy

Already have


On Mar 06 09:09 PM Paulo wrote:

> Well, if there is a huge rally (and at some point there will be),
> it might provide an opportunity to those who averaged down (among
> other strategies) a chance to bail out of positions they no longer
> want to hold (particularly if currency variables are favourable).

Wall Street Breakfast: Must-Know News

eddie- that isn't out of the box, that is how money is normally loaned. Congress just doesn't appear to be normal.

Mark-to-Market vs. Mark-to-Model: What Ever Happened to Real Value?

petyaczar: well said.

Congress had to do something (anything) to save face about Enron and Worldcom, liars trying to make dishonest people honest. Google Mark to market sometime. It will bring up some accountants blogs that will give you some insight as to their problems on audit with this. Seemingly the auditors are more willing to show any assets at 0 than they are to show any value.

Punishing the Savers in a Savings Poor Country

I remember mortgage interest rates of 10% and above in the 80s, in fact I had one of those mortgages and believed that rate would not return to a lower level. Well it has and guess what, 10% interest rates and above will come back. Look for an uptick in inflation then look for a rise in the prime and a pullback in M2. Bernanke and company are terrified of further deflation so they are creating inflation to stop the spiral. Once the inflation starts the clamp will go on. Keep your powder dry, I am. I expect some real good FDIC insured rates in the fairly near future.

Bank of America: A Risky Bet That May Be Worth It - Barron's

Beik

M2M is mark to market.

Bank rules on mark to market accounting are not as severe as in some other business segments so not sure what good M2M rule change will do for BOA either.

Will Obama Be Re-elected?

Wow, boats. For the first time in my life I have started considering living outside the US. The commentary between you and fireball is sad but sums up my feelings of late. Fireball, I quickly stop production when my perceived reward deminishes. I really had never considered researching a way to beat them at their own game though. Unfortunate for all of us isn't it. My best to both of you.

U.S. Rejects Nationalization of Citi and BAC

apppro, you are right. Somebody needs to do what you said!