The USD will lose its status as the reserve currency. It wont be overnight, but at this point it is inevitable. We no longer live in a world where the USA is the single largest economy, and it will never be again.
The dollar won't fall too far in the short term. Although the US would love to print their way out of debt, there is no way the chinese will let them devalue their currency that much. They hold alot of USD.
Health Care Bill: Prescription for Disaster [View article]
Start with a basic premise: All citizens of a civilized country must have equal access to quality health care, regardless of race, creed or economic status.
F-22 Spat Offers Proof of Government's Deficit Intentions [View article]
1. The USA is not 'protecting' the EU. I love when americans pull up the "we are protecting -fill in the blank-" line. 2. The USA does not 'twitch' in reponse to North Korea, because China will not allow them to go anywhere near NK.
Welcome to a reality that doesn't come from Fox news.
Are Low Interest Rates Here to Stay? [View article]
The US government should employ a $2/gallon gas tax. This would help your country reach its goal of greater fossil fuel self sufficiency by providing the incentive to upgrade to more fuel efficient vehicles. It would also help to bring down the fantastically high deficity you are currently running.
More Good News: Record High Credit Card Defaults [View article]
If you read all the above comments, they all come down to one thing.
You need your government to provide regulation of the financial markets. Similar to what the other resonsible governments of the world already employ:
-Banks should not be insurance companies (Rule from 30s depression) -Insurance companies should not be banks. (Rule from 30s depression) -10% down for a mortgage - maximum 25 year term. No exceptions. -Personal debt liabilities cannot exceed 40% of gross earnings.
These simple regulations ensure that everyone stays on the right side of the line to ensure a healthy and prosperous country.
Yet even after this disaster in the USA, all I hear on the US news is that any type of government regulation is anti-capitalism... Capitalism was born from this type of structure. It ensures the welfare of everyone involved.
Credit Card Issuers Coping with Record Delinquencies [View article]
Your related stocks are innacurate. They should really be C, BAC, AXP etc.
Both Visa and Mastercard are transaction processing companies. They do not lend money, and are not directly affected by delinquency rates.
By including them in this article as related stocks you have ensured that a story with a negative headline will be included in the news feeds for both Mastercard and Visa, during the week they report earnings.
Why High Inflation Will Not Take Hold [View article]
Arguments that monetary expansion won't lead to inflation sound similar to those that said the increase in housing prices was justified and wouldn't lead to a bubble.
The Stock Market 'Sucker-Rally-Dead-Cat' Is Still Yowling [View article]
The thing to remember is a dead cat bounce can take months. Its not a 1 week event. This rally could last until december and then trend lower and retest the low.
If a rally wasnt 'convincing' people wouldnt buy into it.
Sorry I disagree with some of the comments. I think that what is happening today is definetly going to lead to a high inflation environment.
Lets call "quantitative easing" exactly what it is. Printing money.
The only difference between this time and the previous ones is we dont even bother to run the printing press any more, we just do an electronic transfer.
At least running the printing presses would have created a few jobs..
In my opinion the market cannot have bottomed for the simple reason that none of the issues that caused the market to drop have been resolved.
-US consumers are still too highly leveraged and mired in debt. -US & UK banks have not been regulated -US housing prices have not fallen enough (it was a big bubble)
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Latest | Highest ratedResearch in Motion: Reports of Sales Death Are Greatly Exaggerated [View article]
Next time you are in a meeting look around the table.
I did. 19 blackberries, most of them storms and 1 Iphone.
Kirk
Is the U.S. Dollar Finished? [View article]
The USD will lose its status as the reserve currency. It wont be overnight, but at this point it is inevitable. We no longer live in a world where the USA is the single largest economy, and it will never be again.
The dollar won't fall too far in the short term. Although the US would love to print their way out of debt, there is no way the chinese will let them devalue their currency that much. They hold alot of USD.
Kirk
Health Care Bill: Prescription for Disaster [View article]
Start with a basic premise: All citizens of a civilized country must have equal access to quality health care, regardless of race, creed or economic status.
That should be written into the constitution.
Work upwards from there.
F-22 Spat Offers Proof of Government's Deficit Intentions [View article]
1. The USA is not 'protecting' the EU. I love when americans pull up the "we are protecting -fill in the blank-" line.
2. The USA does not 'twitch' in reponse to North Korea, because China will not allow them to go anywhere near NK.
Welcome to a reality that doesn't come from Fox news.
AIG IPO: How to Do Due Diligence? [View article]
Not necessarily. How often do you get a chance to invest in a business that can never fail?
About the Pay-As-You-Go Diet [View article]
Just increase taxes to pay for social benefits. Welcome to the real world.
Inflation Hedging: How to Protect Your Portfolio [View article]
Gold & Silver bugs are a unique group of people. They are obsessed by holding the physical asset, and will pay any premium to do so.
Are Low Interest Rates Here to Stay? [View article]
The US government should employ a $2/gallon gas tax.
This would help your country reach its goal of greater fossil fuel self sufficiency by providing the incentive to upgrade to more fuel efficient vehicles. It would also help to bring down the fantastically high deficity you are currently running.
Kirk
CPI Disappoints Deflation Hunters [View article]
"Quantitative Easing" = Printing Money = Monetary Expansion = Inflation.
Its just a matter of time for it to work its way through the system.
You can already see the first signs in the rise of commodity prices. (US currency = reserve currency)
I think deflationists are going to be licking their wounds for the next half a decade or more.
Kirk
More Good News: Record High Credit Card Defaults [View article]
If you read all the above comments, they all come down to one thing.
You need your government to provide regulation of the financial markets. Similar to what the other resonsible governments of the world already employ:
-Banks should not be insurance companies (Rule from 30s depression)
-Insurance companies should not be banks. (Rule from 30s depression)
-10% down for a mortgage - maximum 25 year term. No exceptions.
-Personal debt liabilities cannot exceed 40% of gross earnings.
These simple regulations ensure that everyone stays on the right side of the line to ensure a healthy and prosperous country.
Yet even after this disaster in the USA, all I hear on the US news is that any type of government regulation is anti-capitalism... Capitalism was born from this type of structure. It ensures the welfare of everyone involved.
Kirk
Credit Card Issuers Coping with Record Delinquencies [View article]
Both Visa and Mastercard are transaction processing companies. They do not lend money, and are not directly affected by delinquency rates.
By including them in this article as related stocks you have ensured that a story with a negative headline will be included in the news feeds for both Mastercard and Visa, during the week they report earnings.
Kirk
Why High Inflation Will Not Take Hold [View article]
Arguments that monetary expansion won't lead to inflation sound similar to those that said the increase in housing prices was justified and wouldn't lead to a bubble.
Kirk
The Stock Market 'Sucker-Rally-Dead-Cat' Is Still Yowling [View article]
The thing to remember is a dead cat bounce can take months. Its not a 1 week event. This rally could last until december and then trend lower and retest the low.
If a rally wasnt 'convincing' people wouldnt buy into it.
Kirk
Buy and Hold is Dead [View article]
Lets call "quantitative easing" exactly what it is. Printing money.
The only difference between this time and the previous ones is we dont even bother to run the printing press any more, we just do an electronic transfer.
At least running the printing presses would have created a few jobs..
Kirk
More Market Swings Are on the Way [View article]
In my opinion the market cannot have bottomed for the simple reason that none of the issues that caused the market to drop have been resolved.
-US consumers are still too highly leveraged and mired in debt.
-US & UK banks have not been regulated
-US housing prices have not fallen enough (it was a big bubble)
Kirk