Romney can't do that and he made a big mistake by saying he will fire Ben. If his honeymoon is plagued by a 25% drop in the stock market, believe me, he will quickly find religion.
Consumer confidence; when six pack Joe finds the gonads to buy himself a new truck it's considered bullish. When AAII members, who survived two major crashes, consider that the market is cheap it's bearish. Go figure.
Economists Ignore 33,000,000 Americans When Calculating Income Inequality [View article]
You can count the yachts, the country club houses and the planes and divide by 3 and you have the number of truly wealthy. That's because truly wealthy have a yacht, a country club house and a plane.
Get Into Annaly And Earn Up To 42% With This Simple Strategy [View article]
You're perfectly correct about that. These strategies have to focus on stocks or ETFs with the lowest possible spread. Furthermore, liquidity (which is expressed by the spread) is fundamental. With a spread of 20 you need to place limit orders and it could prove costly if you want to exit in a hurry.
What Is The Fed Doing? I Love Ben Bernanke [View article]
To good to be true. Besides, bankers will not make profits, will not pay taxes, their employees are going to be laid off, foreclosure and loss of tax base. The arabs don't own mortgages or MBS, pension funds in the US do; pensions will be more underfunded. As to the Arab, he will buy the real estate, prices will increase making it unaffordable for potential new buyers. All this for a shitty iPhone that's going to be obsolete in 6 months and a diner that will turn into waste within 24 hours if, and only if, the $ 5,000 are still enough to pay for that.
mREIT Payouts Are Unsustainable At Current Levels [View article]
I put myself on the sidelines regarding mReit because there are some things I don't feel comfortable with. The repo rate, at which they finance themselves, is trending up. The other point is technical. There are some damages since the beginning of the drop and I'd like to see a clearer picture before coming back. Still long some MTGE and NYMT. Waiting for AGNC and ARR to give a clearer picture.
The Significance Of The Row In Germany About Inspecting Their Gold Reserves Held Abroad [View article]
There was an article in the Fools or Barons if I recall well yesterday about this subject. The core of the article was that it was not important if the gold was here or not. What is important is the claim. I had to quietly laugh at this because if your gold reserves are a claim on a ledger, this is not gold, this is only a claim on a ledger. Furthermore, the audit is absolutely useless. Look at the picture in the article; are they going to put a nice little German flag on top of their "pile"? Ya, das ist Ihren Gold. Lather and repeat next week with the French, the Swiss and so on.
2 Storms Coming [View article]
France - Peugeot Bailed Out, More Trouble For The Banks [View article]
Markets To Nouveau Bulls: Why? [View article]
Economists Ignore 33,000,000 Americans When Calculating Income Inequality [View article]
A Hot Dividend Stock With High Options Yields That's Still Undervalued [View article]
Get Into Annaly And Earn Up To 42% With This Simple Strategy [View article]
What Is The Fed Doing? I Love Ben Bernanke [View article]
mREIT Payouts Are Unsustainable At Current Levels [View article]
The Significance Of The Row In Germany About Inspecting Their Gold Reserves Held Abroad [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Market Outlook: Bearish Tripwires [View article]
The Next 10 Years: Much More Misery [View article]