hoover

It's Time for GE to Lose Its Triple-A

I believe GE is one of those great American stories of successful management, low risk, and stellar growth over a very long period of time. I held GE stock for 25 years when it manufactured products instead of loans. All great success stories have to come to an end -- and GEs reliance on "too big to fail" means government "welfare" for this overrated Goliath. Its too bad as I hate to see all of the big names including the former Big Three (now "little three") auto makers go down the tubes.

Chinese Stock Market Bottoms: What Should U.S. Investors Do?

China is a good bet to become the future powerhouse economy of the world. The first thing wrong with those that disparage China is labels -- Communist and Capitalist. China is a conservative capitalist state with little debt, and a government run by non-elected representatives from various regions of China which pick the President (or equivalent). While semi-dictatorial and potentially dangerous, the history of Chinese culture has not been militarily very aggressive toward other countries. By contrast, the United States has been a capitalist-socialist state with an irresponsible penchant for maximizing debt, leverage, and pyramid schemes for the past twenty years. It is hopelessly paralyzed by citizens in debt up their eyeballs, corporations that rely continuously on borrowed money for operating capital, and a bankrupt government. While democratic in voting, the government is entirely run by lobbyists that have only their own self interests at heart. Economic recovery is being attempted by piling on even more debt -- which seems highly risky.