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ebworthen

ebworthen
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  • Wall Street Breakfast: Must-Know News [View article]
    "Does this say something about (JCP)? "

    Yes, and the greater economy, which SUCKS.
    May 24 09:55 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Electric Vehicles are a drag on the power grids and simply cause them to burn more coal/natural gas.

    Too many electric vehicles and the grid will crack or the cost of electricity will go into the stratosphere.

    What is needed to make them truly viable is an efficient solar panel to charge the cars; THAT would make sense.

    I like seeing Azteks on the road, and AMC Pacers and Gremlins, and Chrysler Cordoba's with rich Corinthian leather:

    http://bit.ly/13PCuVj
    May 24 09:53 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Central banks? Nah! It's "fundamentals" (/sarc).

    That's why European markets went red after German data looked good because that's bad because the ECB might not create more debt and lower rates which is good, but it's bad.

    Bad is good, good is bad.

    Cuckoo!
    May 24 07:55 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    HSBC "Deal" with DOJ - Heaven forbid that anyone should face criminal charges for money laundering or LIBOR rigging!

    The Department of JustUs will not let the rule-of-law get in the way of helping to jigger the Casino!

    The banks must be defended!

    Citizens must be punished!

    Moar debt! Moar money printing!
    May 24 07:51 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Blackstone and Mark Hurd running Dell - now that is a recipe for disaster.

    Hey, did everyone hear Bernanke condone the ECB stealing depositor money in Cyprus?

    Did you not hear him say he won't do it in the U.S.A.?
    Mar 21 09:43 AM | 3 Likes Like |Link to Comment
  • A Much Better Alternative For Cyprus [View article]
    GreenRiver said:
    "Strangely, the US is one of the largest ag producers in the world and export tremendous amounts of ag products. Looking at only the size of the labor force completely ignores labor efficiency."

    That efficiency comes from machinery and petrochemicals (fertilizers/pesticides) that require huge amounts of oil; and from the slave labor of illegal immigrants. It's a house of cards.
    Mar 20 08:30 PM | Likes Like |Link to Comment
  • Too Big To Fail In Action [View article]
    When asked directly if a Central Bank placing a levy (stealing, confiscating, expropriating) on depositor bank accounts was fair and would he do it in the U.S. Bernanke dodged the question.

    Reporter: "As a Central Banker do you think it was appropriate or fair to place a levy on deposits...?"

    Bernanke (paraphrased): "They are facing a difficult situation and need to find resources to address the situation..."

    The direct question about Cyprus is at 34:20.

    There is a follow up direct question at 38:35: "Will the FED ever put a levy on U.S. deposits?".

    Bernanke never says he won't do it or that it would be wrong, only dodges by mentioning the FDIC and that a levy would be "unlikely".

    Full press conference question/answer session: http://bit.ly/WEFNPB
    Mar 20 06:32 PM | 1 Like Like |Link to Comment
  • Bernanke press conference: Banks can not only handle a sustained increase in interest rates, but should thrive, he says, as higher rates mean increased net interest margins and a higher franchise value. Suggestion for a follow-up: What if it's short-term rates which increase? [View news story]
    They will confiscate (steal, expropriate) depositor money before raising rates.

    Reporter: "As a Central Banker do you think it was appropriate or fair to place a levy on deposits...?"

    Bernanke (paraphrased): "They are facing a difficult situation and need to find resources to address the situation..."

    The direct question about Cyprus is at 34:20.

    There is a follow up direct question at 38:35: "Will the FED ever put a levy on U.S. deposits?".

    Bernanke never says he won't do it or that it would be wrong, only dodges by mentioning the FDIC and that a levy would be "unlikely".

    Full press conference question/answer session: http://bit.ly/WEFNPB
    Mar 20 06:23 PM | 2 Likes Like |Link to Comment
  • FOMC Announcement: The economy has returned to moderate growth, says the committee, even as fiscal policy has become more restrictive. The asset purchase program remains in place. Chairman Bernanke's press conference begins at 2:30 ET. [View news story]
    Reporter: "As a Central Banker do you think it was appropriate or fair to place a levy on deposits...?"

    Bernanke (paraphrased): "They are facing a difficult situation and need to find resources to address the situation..."

    The direct question about Cyprus is at 34:20.

    There is a follow up direct question at 38:35: "Will the FED ever put a levy on U.S. deposits?".

    Bernanke never says he won't do it or that it would be wrong, only dodges by mentioning the FDIC and that a levy would be "unlikely".

    Full press conference question/answer session: http://bit.ly/WEFNPB
    Mar 20 06:16 PM | Likes Like |Link to Comment
  • A Much Better Alternative For Cyprus [View article]
    Note that when Bernanke was asked directly today at his press conference if a Central Bank levy (stealing) of depositor money was fair and if he would do it in the U.S. he dodged the question.

    He did not respond that it was unfair, he did not say he would not do it.

    34:20 and 38:35 here: http://bit.ly/WEFNPB
    Mar 20 06:13 PM | 1 Like Like |Link to Comment
  • Living Off Dividends in Retirement [View article]
    And most retirement money is still trapped in the casino markets, soon to be taxed away by a "financial stability levy" (a la Cyprus) or another engineered crash when the current bubble pops.

    And you can't make the $7+ Trillion blown by the FED go away either, it is on the backs of all retirees children and grandchildren; not to mention the $65+ Trillion of unfunded liabilities (you know, like S.S. and Medicare).

    The reality is that the retirement money in a 401K or IRA or other savings appears to be there, but could be cut in half or vaporized overnight.
    Mar 19 09:20 AM | Likes Like |Link to Comment
  • A Much Better Alternative For Cyprus [View article]
    It is still theft.

    The private hedge funds (gamblers) should lose, not the depositors (savers).

    Any kind of theft of depositor's money is a step back into the dark ages.

    There are fewer and fewer reasons to believe that anyone's money is safe in any bank; or that governments represent & protect their citizens versus their bankers.

    This is a recipe for disorder, revolution, and war.
    Mar 19 09:07 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I don't invest in banks anymore than I run a prostitution ring or sell drugs to kids. You are destroying the nation, society, and yourself, and you don't realize it.
    Mar 15 03:46 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    pilot fish - quit patting yourself on the back and open your eyes, the banks of today are criminal syndicates.
    Mar 15 10:59 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Dimon witheld key data" - but won't appear before the committee.

    Dimon is President, and J.P. Morgan Chase the government. You don't grill the President about his executive decisions.

    CONgress, the FED, and the resident of 1600 Pennsylvania Avenue are the lackeys of the banks, not the other way around.
    Mar 15 10:54 AM | 2 Likes Like |Link to Comment
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