blisterchicken

Southeastern Asset Management: 10 Reasons to Be Bullish on Stocks

Can't wait to see what free energy does to the global economy. ):-O

2009: Year of the Ox (And What That Means for the Markets)

Greedy Loan Originators? Originators were selling what the banks the programs the banks created.

Kinda like calling a Yugo Salesman a poor engineer.

As far as shooting wars. Well, Israel has got to chill out. I don't have a full grasp of the conflict over there, but I'm going to assume Stephen Speilburg does. If anyone saw Munich, it looks like his opinion is that Israel isn't acting very Jewish, and he basically blames their escalated revenge for the increased extremism in terrorism.

Notice oil go up a bit when Israel started to attack Gaza?

And it's a pretty brutal policy they have. It's not like they are attacking hardened military targets like Saddams Bunkers in Iraq. They are blasting the crap out of slum neighborhoods. And yes, I know they are going after Hamas, but it seems to me if they backed off, and started treating the Palistinians like humans, maybe even started feeding them...it would deflate the Hamas & eventually end their terror.

Terror attacks in Iraq have decreased because the current commander understands this.

As far as a worldwide economic crisis. Well, we were sold the idea that downsizing was good, and that porting all of our manufacturing jobs to a communist country with virtual slaze labor was a good trade off for profits.

I predicted this was unsustainable and dangerous. Germany was uch more technically advance that the allies were in WW2, but the USA being a huge industrialized society just out built the Nazi war machine. Does a Sherman Tank hold a candle to a Panzer? Not a chance. But to 3 Shermans out gun a PAnzer...Damn right...(And OK, we had Patton and Eisenhower).

As far as needing more Marxism...well, in my opinion, the liberal use of Marxism is what has got us in this situation, ie my above example of porting away jobs to a communist counrty. It has sucked the middle class dry, and the short sighted captains of industry are loosing the subjects within their realm whom to sell their goods.

Now proper regulation is needed in several industries. Mainly the media! We have a Mediocracy in America now. Did you notice that the FCC regulations were passed, THEN NAFTA was shoved down out throats. They got rid of most of the dissenting opinion by making the media a big conglomerate tool for corporate adgenda driven greed. It's the huge corporations that are greedy, not some originator who sits in an office making phone calls all day.

The corporations have the rights of a person in court. So if you every go up against one, you are going against a multiheaded monster. Likewise when botton line profit is the ONLY focus of a corporation, what do we end up with...run away greed.

We need to figure out a way where companies are accountable to their local, and global communites in regards to ethics and human rights. Sounds a little hippy dippy, but in fact this is already somehting that is starting with many corpoations.

Wall Street Breakfast: Must-Know News

I think Israel is trying to artificially raise the price of oil by causing trouble. Did you see what they were bombing?

Please!

Hopefully we will see this as action that we can call them on they're BS finally as it's already been established that criticising Israel does not make one an anti-semite.

Wall Street Breakfast: Must-Know News

Outofchips for President!

Hell, I'll run with you!

Outofchips/Blisterchic... 2012

But, if the goon are still in charge...all I can say is that if they are dumping cash into loans, this supports my intuition about going to grad school. By the time I'm done we should be honky dory!

A Capitalist Reformation

The closing statement of this enlightening piece is the only part that troubles me.

How are we going to reclaim our status as the kings of manufacturing with the Damage NAFTA & China have done to our economy?

Do tell!

Wall Street Breakfast: Must-Know News

You said it right there axelrod608, "Could we at least require examination by forensic accountants of any company’s books that wants federal assistance?”

Why aren't we having a big investigation and congressional hearings about this?

Bail out? How about a find out? And get some accountability to ferret out the people who are behind this.

The runaway greed is amazing and sadly short sighted. Ralph Nader called for investigations into this. And also he pointed out that the treasury secretary is in bed with all his Wall Street buddie

Makes me happy I voted for Ron Paul. And let’s not forget our mind control media who ignored Paul & Nader. They are to blame here in a big way.

But I suppose the entire world is due for a huge change. I couldn't imagine on a global scale at least, people putting up with the way corporations have become these big greedy life eating machines. Since Americans seems to set trends worldwide, I look at this situation as a good opportunity to enact a fundamental change at the way we look at the dynamic between corporations and people.

Also, I kind of have to laugh at Europe through this. An entire WEEK went by where they were lambasting the US for its failed free markets, and then look what happened to their system. Pretty funny.

But bottom line here there is a change that will occur, and I don’t mean Obama. In fact if Obama wins, he will probably extend the life of the current system.

There are 575 people who are responsible for this mess. And it wouldn’t surprise me at all when the crows come home to roost on their lawns.

Around the Economic Globe in Five Minutes

Well, good thing we are experts at FHA lending in my shop. I suppose a little socialism is OK. It seems to be the only way to stem the tide of greed that got us into this mess.

Greed Kills and Other Observations

So are you using your above points as an alternative to the 700 Billion bail out? Or are you using these points as a point to move forward from.

If the latter is the case I disagree with one specific point. That is the No tax money should be involved. I say that because it is absolutely disgusting that the same companies who foreclosed on families because they wouldn't renegotiate their loans with people in strife were the ones who were bailed out. Makes no sense at all.

Granted, some of these loans should have never been written. 550 credit scores getting stated income stated asset loans? How risky was that? It was all short sighted greed game. Bust these poeple over the head for 4-8 points on a $150K property without a care if they could actually afford it. Craziness.

Then we have the pay-option ARM. Yikes! That to me is the single most destructive laon out there. But the profits were huge! How could a loan officer resist?