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  • Wall Street Breakfast: Must-Know News  [View article]
    The fiscal cliff, the other $16 trillion of debt, the uncounted $4 or $5 trillion of debt in FHA/Fannie/Freddie/Sally, post office, amtrak.....

    The whole country has their head in the sand and doesn't give a darn about how broke we are. Oh, it's all gonna get fixed?????

    The "JERK FORCE" on the hill played with our money for the last 40 years and now that they are forced to really make things right - no one wants to be the bad guy!

    America,wake up! We are going down with Humpty Dumpty and don't think it ain't gonna happen. Jimmy Carter inflation and the Great Depression are gonna look like great times to live in!!
    Dec 4, 2012. 08:52 AM | 9 Likes Like |Link to Comment
  • On The Road To The Endgame: The Farcical Cliff  [View article]
    Great article, DEPRESSION HERE WE COME!
    Dec 4, 2012. 12:13 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    Actually gggl, the Fed has bought up almost every bad mortgage and stuck them in Fannie/Freddie/FHA. This way the government can control the release of the majority of foreclosures when they want to. The banks are at the will of Obama on when and how many they can release on an ongoing basis.

    Every aspect of the housing market is worse off now than before unless you are a cash buyer.

    This will crush the financials and the housing market again once we have Depression 2 and hyper inflation later this year!!
    Nov 29, 2012. 10:12 AM | 1 Like Like |Link to Comment
  • A Third Week For The Stock Market Rebound, And Why  [View article]
    How can this be, it's the same BS as the great improvement in the housing market.

    Europe bankrupt and it's been kicking the can for 3 years. China soft landing? Argentina defaulting! The U.S. bankrupt and kicking the can for 3 years.

    Unemployment over 20% in Greece, Spain, Portugal, Italy......Real unemployment at 11%-12% in the U.S.

    The whole world paralyzed by massive debt and unemployment but things are better! I think we are gonna be looking at the great collapse soon, not the great rebound!
    Nov 29, 2012. 07:49 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    The fact is that you can't get a loan unless you have 20% to put down and most people still can't sell their homes to move up or down!

    This whole "housing market is a bright spot" is bullsh*t! At some point the banks will have to dump the 9 million plus homes in foreclosure and lets see how great the new housing market is then!

    As we follow our European friends into the debt sinkhole, guns, butter and gold will be the only thing to own.
    Nov 28, 2012. 01:22 PM | 3 Likes Like |Link to Comment
  • The myriad of measures that the Troika agreed to in the deal to release a long-delayed €34.4B tranche of Greece's bailout will reportedly only bring the country's debt-GDP down to 126.6% by 2020 and 115% by 2022, not the respective 120% and 110% that was advertised. Officials are studying further ways to reduce Greece's loans, but it could mean that eurozone nations will have to take losses on the debt they hold.  [View news story]
    They just wiped out any repayment for the next 20 years so instead of having to print more Euro's or pay out more Euro's they decided to wipe out the lenders. Either way, someone is getting screwed and the black hole for Greece only gets bigger - look out, here comes Spain, Portugal, France and Italy!!
    Nov 28, 2012. 09:46 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    Wow, Europe unemployment is at an all time high and it keeps climbing. Their debt is out of control and their governments have no control to help out the system. Doomed to fail!

    It looks like the path we have here. Both parties robbed from SS for years and took and spent foolishly. Now we have a combination of problems with the "Fiscal Cliff" and our looming debt and unemployment problems.

    We are in line right behind Greece, Spain, Portugal, France, Italy and all the talk and no action is making America ill.
    Nov 28, 2012. 09:28 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    I'd like to jump in on this Bobber. I don't care what the number is! Everything the government touches turns to SHIT! I don't want them in the venture capital business with my tax dollars and I don't care if they lose .01% or 100%, whatever the loss, they screwed up again!

    Look at - the 20 green companies that failed
    - the post office
    - Amtrak
    - GM
    - Salleymae
    - FHA/Fannie/Freddie
    - Gasohol

    Add whatever you want to the list, there are so few successes. So do you care about free markets and the countless subsidies and intrusion of the government - I do.

    My math says private business 100, Government 0
    Nov 19, 2012. 03:57 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    No mention on who is gonna ante up the money for Greece and what about Spain and their 11% default rate on existing loans. Europe is in for a depression, not recession.

    What a sham this Obama administration is! About a dozen green companies went into bankruptcy costing us $billions. And they still give money away after they go bankrupt!

    Who the hell signs off on these monies to Solyndra and A123 - no wonder this country is bankrupt with mental midgets trying to be venture capitalist!
    Nov 19, 2012. 01:07 PM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    I don't know this for a fact, just saw it on the TV news so their accuracy can be totally false but this is what they said about the union at hostess.

    The union kept the company from mixing products in the delivery trucks. They couldn't put bread in with hoho's and ding dongs!! Additionally, they were required to have a driver for the truck and another person who actually set the product up on the shelves.

    So take their different product lines and this means that because the company gave this away to the unions - they had to pay for 2 or 3 times as many trucks/fuel/personel/b... than would be required.

    Seems to me if this was true, the unions involved shot themselves by running up the manpower and vehicle requirements.

    Just saying, it was stupid of Hostess to agree to this.
    Nov 17, 2012. 05:59 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    Hell, I'm worried about the whole country, there won't be a middle class with the way Washington is dealing with things:

    -$16 trillion of counted debt
    - Fiscal cliff looming
    - Post Office, FHA both need billions
    -Salley, Freddie, Fannie will need bailouts
    -Other entitlements Food Stamps, Disability......all will need more
    - Europe in a full recession

    Things stink folks and they are smelling worse each day.

    There is no way to turn off the losses that are mounting and fix this problem. Put your money in your mattress, buy gold and silver coins so you can cash them and ride out the tide!
    Nov 16, 2012. 11:24 AM | 4 Likes Like |Link to Comment
  • The Stock Market Rebound Is Coming  [View article]
    Nov 15, 2012. 03:42 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    Wow, imagine that FHA may need a bailout after the FED bought every defaulted mortgage from the banks!! Fannie, Freddie, Salley are all standing in line right behind FHA.

    Hell, no one even looks at these whopping $ trillion dollar deficits let alone Amtrak, Post Office, Food stamps...........

    We are so screwed, the fiscal cliff is nothing compared to $30 trillion of failure. Way to manage our life government!!
    Nov 15, 2012. 10:54 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    He may have left us a surplus but he and Barney Frank left us with lending rules that created the housing bubble! Now if you want to cast stones, this is where we started this great demise in our economy!

    Ted Kennedy left us with the welfare system! How's that for an entitlement program!

    Oh, I do remember a few more things about Clinton, lets see there was Paula Jones, Dolly Browning, Judy Gibbs, Jennifer Flowers, Kathleen Wiley, Deborah Mathis, Cristy Zercher, Elizabeth Ward - tell me, did I leave anyone out, I WOULDN'T WANT TO TARNISH HIS PHILANDERING RECORD!! What a leader to be proud of, bet you would let him babysit you teenage daughter!!
    Nov 15, 2012. 10:23 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News  [View article]
    kwm3, your absolutely correct and Bush should be chastised also for his reckless spending!

    It just bothers me that this administration has not demonstrated any other policies to stimulate the economy other than TAX THE RICH! Hell, take all their money and it still won't be enough!

    Drill for oil, employ natural gas as a fuel and use more coal! This will create a few million jobs easily with the building of pipelines, new LNG fuel stations and engines for cars and trucks.

    Hell, kwm3, I will only be around another 30 years if lucky and I want to pass something onto my kids, not government!
    Nov 15, 2012. 10:12 AM | 1 Like Like |Link to Comment