bricki

Gone Nowhere in 8 Years

I don't know where you get your information, but you should consider other sources. The site is now a pretty active construction site, and the Freedom Tower 10-story core is in place.

There are also other new buildings in the area, some quite near completion.

On Sep 12 02:32 PM Moon Kil Woong wrote:

> The index is not the only thing that hasn't changed much. The Trade
> Center hole in the ground is still sitting there. What a shame and
> embarassment.

Overbought Stocks (7/21/09)

Last July 25 the S&P 500 index was 1257. Now it is 979.

That is pretty much a 30% difference depending on how you cast the numbers.

The thing is though that both of these numbers are hard to justify.

While I've done pretty well the last fews months I am very skittish right now. I saved myself a lot of pain last year by being skittish so...

On Jul 21 09:29 AM FitBusinessman.com wrote:

> Aren't most S&P stocks overbought if you compare them to their
> earnings?
>
> I mean, these companies are earning 15-30% less than they were y/o/y,
> yet the adjustment has not shown in their stock price.
>
>
> I agree with Herbert:
> "Why not just put the S&P 500 up there?
>
> I wouldn't touch any stocks at these prices if I was playing with
> someone else's money! I'd rather sit in cash forever."
>
>
> There is a reason that banks still are not lending to these companies...IT'S
> STILL TOO RISKY. And the lending has greater probabilities of resulting
> in a loss.
>
> Are we not "lending" money as a shareholder? Are we not "lending"
> money as a bondholder?
>
> Just watch what the banks do;)

Credit Cards: Do the Banks Own the Senate?

The Banks got tired of paying for the Senate so they opened up their own branch of government, the Fed. Yes we have the Executive, the Legislative, the Judiciary and the Fed. Like the Judiciary the President gets to appoint people to the Fed, but not remove them.

Since the Fed is not mentioned in the Constitution its powers are not limited by the vision of the founders. The men who sat in Independence Hall in July 1776 would be horrified by this development.

Now to make it perfectly clear which is the most important branch, just look at the printing on your money, right at the top on the front. It says "Federal Reserve Note".

As somebody noted the power to tax is the power to destroy. Now hold that thought a bit.. Inflation is a form of taxation for sure. A flat tax that affects everyone. Now who has the power of this taxation? Why the Fed of course.

Unelected, and yet with the power to tax at the highest level we have the Fed. Surely this is taxation without representation taken to a new level.

The Banks have no need to own Congress. They already own something much better.

When Banks Try to Defend Credit Cards

Banksters ripping people off and gaming regulators to increase profits until people get fed up and force new regulations on the banking industry.

And then they whine about it, threaten to stop lending money, and when they really screw up get the taxpayers to bail them out.

Seems to be a pattern here.

Credit Card Crunch: Creating a New Generation of Subprime

What the author is missing is the behavior of the consumer in the current recession. The fact is that credit defaults are actually decreasing, credit card debt is being paid off at record rates and savings rates are shooting up. This makes the decreases in lines of credit a moot point because most people aren't using them.