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  • Wall Street Breakfast: Must-Know News [View article]
    Let's add up all the less bad is good:

    Unemployment for the last 15 months
    Housing foreclosures
    Housing foreclosures
    Housing foreclosures
    No consumer spending
    No consumer spending
    No consumer spending
    Personal savings increasing
    Credit card defaults
    Auto loan defaults
    Fannie Mae
    Freddie Mac
    Lehmann Bros.
    Financial sector minus toxic assets and derivatives
    GM Dead
    Chrysler Dead
    Ford Crippled
    States going bankrupt - California, Illinois....
    Trillions to be spent by Obama
    Trillions to be spent by Obama
    Trillions to be spent by Obama
    Retail - crap
    Commodities - crap
    Tech - crap
    Insurance - crap
    Heavy industry - crap
    Travel - crap
    Airlines - crap
    Retail - crap
    Capital goods - crap
    Services - crap
    Transportation - crap
    Healthcare - unknown
    Utilities - unknown

    I guess when you get enough less is better you get a great list like this that you want to put all your money in!!
    Jul 6, 2009. 09:00 AM | 13 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    You can thank our government for buying virtually every bad mortgage on the market and giving the banks TARP 1/2/3, QE 1/2/3 and Operation Twist 1/2!!

    Now that the banks are healthier, they can give back some of the bad loans so we don't scream so loud.

    Our free market system is gone, we have no financial transparency and our government is out of spending control. What a great combination!
    Jan 7, 2013. 10:34 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    We are on the verge of total international collapse and yet the stock market is running like everything is just fine.

    -Greece and Italy in total financial and political turmoil
    -Europe in total financial and political turmoil.
    -Japan in total financial and political turmoil.
    -U.S. in total financial and political turmoil.
    -Egypt, Syria, Libya, Sudan all in the same boat........

    Ohhhhh my GOD, is there a theme going on here??????

    Throw in Iran with an atomic weapon in the Middle East just to make things interesting!!

    I love this country but everyday I see it going down the toilet and I am past the worry stage and have extreme fear. We are going to experience the most frightful of horrors because our political leaders have failed to act and are allowing our country to collapse financially, politically, and morally.

    $17 trillion of short term debt, $150 trillion of long term debt not counting Fanny/Freddie/Sally and now FHA, the post office and all the unknown additional debt buried in the funny numbers of the accounting office.
    Nov 11, 2011. 08:05 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Wars, disasters, melt downs, radiation leaks........BUT THE MONEY IS ALL GOOD??

    What disaster is gonna dump on these markets that starts the landslide again??? No QE3, cutting $55 billion from the budget, cities and states actually defaulting on their bonds, Greece/Spain/Portugal defaulting again, more bank collapses, a totally DEAD housing market, unemployment rising to new higher levels, $20 TRILLION of debt, gasoline at $5/gallon, food costing $50 more a week.............

    They sure haven't taken the fear out of me, each day I have more.

    We are dangerously teetering on a land mine, trade cautiously, it is no bed of roses and recovery out there!
    Mar 22, 2011. 07:29 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    GM is gonna make money? What a joke, they still lost $billions when 14 million cars sold a year. They haven't done anything about their union liabilities and benefit payments. They still haven't paid back any of their loans - only the interest payments on the loans and that came from MORE BORROWED TAXPAYER MONEY!!! Go ahead, buy GM and watch someone come in and buy Chevy and Cadillac as the rest of this dinosaur goes down the toilet.

    The common threat for each country is DEBT, DEBT, DEBT!!! From Greece to Spain, from Japan to the U.S. we are all out of control and NOT ONE GOVERNMENT is willing to do what is necessary to curb this insane spending with nothing to show for it!!

    Right now, the whole world is a bubble, a bubble that's gonna pop!
    Jun 11, 2010. 07:42 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    It is better to accept failure in the beginning than to postpone it for 2 or 3 years and then have another major melt down!!!!

    There will be a total loss of confidence with the coming debt crisis and the losses and fear to follow will be no different than the first great depression.

    For all of you that think this lunacy is good for the world, you are the crazy ones. When the dose of reality hits, hope you are in cash, gold and silver!
    May 10, 2010. 08:56 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]

    -Europe kicks the can farther down the street than the U.S. has!!!
    The whole world is printing money to bubble the markets and pay bad debt with more bad debt!!!!!

    -Still no answer as to how many big trading houses dropped the market 1000 points and played it both ways!!!!

    -Still no transparancy with the banks!!!!!

    -Goldman Sachs still the bad guy??? What about the SEC and Barney Frank???? WHEN WILL IT BE THEIR TURN IN FRONT OF OUR RETARDED SENATE?????

    -Unemployment, poor retail, foreclosures, rising comodities, DEBT DEBT DEBT, poor housing sales, UNCERTAINTY UNCERTAINTY UNCERTAINTY..........

    May 10, 2010. 08:01 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Portugal, Iceland, Italy, Greece, Spain, California and 40 other U.S. States ready to topple!!!!

    NO transparency with the financials. Bubbles in every market; Unemployment not changing; Foreclosures getting worse; Commodities rising; U.S. still printing and giving money away for houses/appliances/home improvement/extended benefits.............


    If this is the model for a recovering U.S. and world economy I am more than mentally challanged!!!!

    How can this not shake the market??????
    Apr 29, 2010. 08:33 AM | 12 Likes Like |Link to Comment
  • When Will Housing Come Back? [View article]
    You cannot put a date on when this will end but the following events will have to occur.

    1. There will be 5 million more foreclosures on top of all the existing ones in 2010. THESE MUST GO AWAY COMPLETELY!

    2. 30 million people need jobs!

    Until these 2 items are corrected there will never be a bottom in the housing market, it will continue to free fall!
    Mar 26, 2010. 07:10 AM | 12 Likes Like |Link to Comment
  • Recent Stats Indicate U.S. Economic Recovery Was an Illusion [View article]

    The problem now, is that all the less bad news for the past year will finally be recognized as "HOLY SH*T, THIS SUCKS" !!!!!

    Now that Uncle Sammy had a little premature print and spend ejaculation and shot his load early - there is nothing left to truely help put Humpty Dumpty together again!!!

    This is why I don't sleep!
    Feb 26, 2010. 01:49 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    WOW, imagine that, consumer confidence at an all time low! 700 banks in trouble with 160 failures already! 2 million more foreclosures coming and housing in the toilet! Commercial real estate going to collapse! 40 States in financial trouble! 30 million out of work! $14.4 trillion of U.S. debt!

    I keep forgetting how much better things are getting!
    Feb 24, 2010. 08:05 AM | 12 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Bad news, bad news, better than expected bad news, bad news.

    No matter how you put a spin on it, the news ain't great.

    Does it not scare anyone that 150 banks have failed and another 200 will fail in 2010??

    Does it not scare anyone that it may take more than 5 years for 26 million people to get jobs, probably government ones at that? How will these people live?

    Does it not scare anyone that we are printing trillions of dollars and borrowing more money to pay the interest on the money we are printing?

    Does it not scare anyone that 2 million more homes with be thrown on the foreclosure heap? Does it not scare anyone that Obama guaranteed $500 billion to Fannie Mae and Freddie Mac?

    Does it not scare anyone that the LEVEL OF UNCERTAINTY is so high that you wonder if you will ever be able to retire, pay for your deflating home, pay for college for your kids, make a living, keep your business alive......????

    I'm telling you that these few items keep me up evert night!
    Feb 8, 2010. 09:05 AM | 12 Likes Like |Link to Comment
  • Parsing the Beige Book [View article]
    These are the same clones that tell us to be "cautiously optimistic" and that things are my favorite " LESS BAD " !!!!!

    The reality is that our government is sugar coating every single report and continually putting a spin on all the data that hits us.

    They continually revise numbers and reports, intentionally dismiss data or interpret it so it is not harmful. Report bailouts at off hours (fannie/freddie) so not to panic the markets.

    The truth is WE ARE WORSE OFF THAN A YEAR AGO!!!!!!

    More people unemployed and still climbing. No job creation in sight.
    More foreclosures and still climbing. 2 mill more for them in 2010
    More bank failures and still climbing. 141 failed and 530 in trouble.
    More credit card and auto loan defaults and still climbing.
    More commercial real estate foreclosures and still climbing.
    More retailers in trouble and still climbing. Major sales for incentive
    More airlines in trouble and still climbing. No business travel.
    More hotels in trouble and still climbing. No business travel.
    People are spending less money. Unemployed or under employed.
    Commodities prices are climbing. Oil will crush our weak economy
    Government is printing money. $12.4 trillion national debt.
    Government has bailed out and is managing every industry.
    Government is a terrible manager of anything!!!
    Government guaranteed Fannie Mae and Freddie Mac $500 billion
    Government will have to bail out FHA also!!!!!!!
    TARP was extended and still has no boundaries.
    Stimulus plan 1 was a failure. $260,000/person to save a job
    Stimulus plan 2 is being discussed. Throw more money at the wall.
    Unemployment benefits extended with food stamps.
    2 wars.
    Pakistan/Iran/Yemen possible wars.
    Humanitarian aid to the world.
    $1 trillion more for the Healthcare bill.
    Government runs out of money to spend.
    Government runs market back to 7000 after all the bubbles burst??

    I don't believe them or their reports anymore because IT IS AWFUL OUT HERE ON MAIN STREET AND THEY DON'T WANT TO PANIC ME !!!!!!!

    Well it's to late. I see, smell, taste, feel everything that is awful about what is really happening on MY MAIN STREET AMERICA !!!
    Jan 13, 2010. 09:55 PM | 12 Likes Like |Link to Comment
  • Surprise Build in Crude Inventories [View article]
    We must be the village idiots because how can anyone think that there will be anything but an increase in inventories with 26 million people out of work, tens of thousands of businesses and buildings closed up and no one going anywhere. Article after article of tankers storing oil offshore and refineries cutting back their output!!!!

    Do you need a PhD to figure this out??????
    Jan 7, 2010. 08:04 PM | 12 Likes Like |Link to Comment
  • Global Markets in Review: Share Prices Too Far Ahead of Economic Reality [View article]
    We all know what is actually happening on the streets of our country. Less people working. Many who are working have taken steep pay cuts. More foreclosures, less consumption, no money being lent by banks, things are LESS BAD blah blah blah............

    The government added our money to the real estate bubble, financial industry bubble, auto industry bubble, insurance industry bubble.......

    Now all the bubbles are gonna burst and who knows where we will go once the wheel stops going round and round??????

    Hold on to your seats folks, this is gonna be outta control when wall street really looks at the 4th quarter!!!!!!!
    Nov 22, 2009. 09:17 AM | 12 Likes Like |Link to Comment