goldstriker

New Home Prices vs. Median Income Chart

The main problem with housing hasn't really been addressed yet. Qualifications for the purchase of a home is based on "household income" which is a problem; it should be based on the traditional single person income. This way there is protection if there are two wage earners to allow for a rainy day or to purchase "goodies" without affecting the mortgage payments. If the gross wage of a single earner is $50,000, than the price of the home should be 3 times that or $150,000. We still have a ways to go in most parts of the country. Common sense must prevail to prevent disasters.

Are New Market Lows Likely in 2009?

Well, the way I interpret the handwriting on the wall, there is nothing on the horizon to make corporate earnings rise for another year. THe mindset of the American people have changed, at least temporarily. Nobody is rushing out to buy $30,000 cars, $2900 refrigerators, or $2000 washing machines. That's the problem. Pay down debt, save for the coming stormy day, and then wait it out. Homes are still 58% over their 2002 prices-----way too high still.

What Causes Inflation

The US constitution gave power to Congress to "coin" money, not to print it. They new that once the printing press was used, your money wouldn't be worth a "continenntal buck." By using the power to print "fiat" (fake) money, they could gain tremendous power over the people and expand their government to an unlimited size, using that money for their own influence.

The printing press is not the answer. The American people need to return to the basics of being an industrialized nation which would sustain local employment and we need to be freed from government interference of private enterprize. Once the incentive to be creative and produce is gone, there's is nothing left. Remove the dream and the hope, and its over!

Forbes Says, Devalue the Dollar. Bad Idea.

Right on! ---- Devaluation is death to the future of America. Beck must be a graduate of Berkley.

As far as the auto bailout, who is next? The airlines, insurance companies, big suppliers, truckers, newspapers? Where does it all end and who is going to pay for all of these trillions of dollars.being foolishly spent?

All of this government intervention (and inventions) are just prolonging the recession. Paulson has previously stated (2002) that the treasury could and would print their way out if commodities got too low.

Has anyone had compassion on the seniors who are living solely off of SS. They worked and saved for years but their interest from that savings (which is mostly for emergencies and nursing home in their final days of life), has dwindled down to nothing because the feds have lowered the interest rates to nothingl

We don't need a change, we need a complete restoration to constitutional authority and the free enterprise economy.

Morici: Depression or Recession

Anytime that government takes over anything, it goes downhill, and it cost alot more for the thrill ride down.

We need to place tariffs on Chinese goods to compensate for the wage difference. How can we, in America, compete with 52 cents an hour wages? Our country in inundated with junk, dangerous toys, pharmasuticals, etc. Why does German and English projucts cost more, or about the same as American goods? It's because we place tariffs on their goods.

On another note, why are bailing out some private companies and not others. Why are we bailing out any of them. If we loan the billions that the UAW and auto mnfgs. want, will they not lay anyone off. or still go back to the assembly line producing millions of more cars and trucks that no one is buying? If all of the auto manufacturing companies in the world have had plummiting sales of over 35%, why in the world should we pay, with taxpayers money, to build more vehicles and to finance $70/hr jobs?

To dig our way out of this socialist direction, we will have to have a VAT (value added tax) like England and the rest of Europe. I am afraid that this is the end of a tried and true system that has produced us with the incredible lifestyle that we have enjoyed. But don't worry, our grandchildren and great grandchildren will inherit our new and prosperous sytem of debt. I hope that they will enjoy their new cardboard home as much as my dog does.

5-1/2 Ways to Make the Market Rally

The real way to correct the government caused chaos, is to get out and stay out of the private market place and return to the true duties of the US constitution. And one of those duties is to "coin" money and not print it, especially without gold and silver backing. Fiaat money is not worth a "Continenntal buck."

Peak Oil, Cars, and Depressions

Wer need to let the "big three" go down on their own. Unless they get wage concessions and get real like the rest of Americans, they will fall on their own. The current wage package is $73.20 per hour and that is insane. They should try living like the rest of us for a while ---it might enlighten them.

The End of the Economy As We Know It?

Truer words were never spoken! --- In the 1920's all dollars were convertable to gold. That in itself limited the power of the feds to expand their central government. Then when we went off the gold standard in 1935, fiat money was created and grossly expanded. Then the final act of the creation of fiat money was the removal of the dollar backed by silver in 1964.

Now the bottom has fell out and they have totally lost the confidence of the American people as well as the rest of the world. We are on a track that will lead us over the edge of the cliff, and who knows if we will survive the true capitalist system.

14 Beaten-Up Financials That Now Offer Real Value

You are correct. Most of these financials have good balance and cash flow statements. But to jump in big time, may be a big mistake. The end is not in sight yet because of the "fear" factor and the panic stage that most are in. I'm just a small time day trader, and make money by "buy low - sell high" principle. Get in and out in one day and don't hold anything overnight-believe me, your sleep will be sweet.