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  • The Bond Investor's Dilemma [View article]
    The story continues and is the same. Money has to come from somewhere so "shaft the savers" (but keep touting to save) and entice young spenders to buy, buy, buy. Give'em the free money you just stole from the savers. Don't pay any interest on the $250,000 the retiree has in the bank. He's old and can get by on beans. The young guy needs a new convert and look at the profit we will get. No one will challenge Greenspan or Bernanke since the 'take' is free.
    Oct 14 13:43 pm |Rating: +2 0 |Link to Comment
  • Recession Is Over; Depression Has Just Begun [View article]
    with all this thinking and study, why does no one mention the simple core problem that caused all this? That is the policy of Alan Greenspan to take from savers (no interest paid) and give to spenders.
    Oct 04 09:34 am |Rating: +6 -1 |Link to Comment
  • On the Burden of Home Ownership  [View article]
    Years ago I tried living in the back of a VW bus and taking a bath using a cold gallon of water poured over my head while standing outside naked in the dark. But I have come to prefer my pristine acre of ocean view property in a heavenly surrounding. The fact that it is now only worth $2 million instead of $4 million doesn't worry me too much since I bought it 40 years ago for $39,000. My advice would be 'get one' and keep it and stop watching it like a stock every day. Not having a home is like not living.
    Apr 20 09:28 am |Rating: +3 -9 |Link to Comment
  • Greenspan Yet Again Blames Others for Housing Bubble [View article]
    At age 78 I am absolute irrevocable living proof that Greenspan's low (no) interest rate policy was and still is the greatest legal theft of all time. I entered my retirement with my life savings drawing what for years and years was considered reasonable interest returns on T bill, CD's, etc. As my retirement income steadily declined towards zero, low (no) interest rates fostered overspending by the young on all manner of purchases thereby driving up prices of homes, cars, food and about everything else. Banks had a field day on fees. Huge bonuses were paid to Wall Street clerks. It was if the Fed was saying to me----"You better buy stocks or we're gonna starve you out". And they could last longer than me. Who would complain? I wrote a letter to the Federal Reserve Board and received a reply that they realized my predicament but it "was for the good of the country". Since nobody has any sympathy for anyone who actually saved and 'has anything' my complaints have always fallen on deaf ears. Well, now the results are out and people are looking for the culprit. I think he's been found.
    Mar 12 11:32 am |Rating: +4 -1 |Link to Comment
  • Bernanke Seems Clueless About the Real State of the Economy [View article]
    Why isn't Greenspan being held accountable????
    Mar 01 08:48 am |Rating: +11 0 |Link to Comment
  • Financials Getting Slaughtered [View article]
    Someone wrote this morning that Alan Greenspan favored nationalization of banks. Wasn't he the whole cause of this ripoff in the first place? Is there no justice called for here?
    Feb 18 10:57 am |Rating: +5 0 |Link to Comment
  • Stocks Are Doomed, Only Cash or Precious Metals May Survive [View article]
    A friend went to buy a loaf of bread using a gold coin. He said he tried to bite off a small piece of gold from the coin but that broke his tooth. So he went to the dentist who used the gold to rebuild his tooth. Then the dentist pulled the tooth out to get the gold to pay for his service. This must be why paper money was invented.
    Feb 12 11:17 am |Rating: +2 -2 |Link to Comment
  • Radical Solution to Housing Mess [View article]
    I drove around southern Cal and noticed large areas of tent camps set up by foreclosed families. Naked kids running around in trashy waste filled fields. That sort of thing. Went over to Arizona and saw the same thing. Must have been hundreds trying to stay out of the wind. There's so many empty homes because nobody rents them. Everyone has moved into some kind of hobo tent camp. So this means there's no rental market and people don't actually NEED a roof over their head. This must be the reason all these homes are empty. I though that when someone moved OUT because because of foreclosure they moved IN somewhere else, thereby keeping the occupancy rate in balance. Obviously I was wrong so millions of homes will probably sit empty from now on.
    Feb 09 13:08 pm |Rating: +1 0 |Link to Comment
  • The Housing Bubble Isn't Funny Anymore [View article]
    90 % are paying their mortgage. The rest are deadbeats taking advantage of the situation to cop out at taxpayer expense.
    Feb 04 08:44 am |Rating: +3 -1 |Link to Comment
  • The End of Gold, Part Two [View article]
    I go by the rents in the Bay area. As long as a cubby hole apartment rents for $1,800 + there's NO deflation.
    Feb 02 12:08 pm |Rating: +2 -3 |Link to Comment
  • Preferreds Get Crushed Again [View article]
    One reason could be that banks have the right to suspend preferred dividends for 5 years without your permission. However they must pay at the end of that time all back interest. Another is fear that GOV will demand no preferred payments for their help they're giving. Other than that, there are some great yields right now.
    Jan 25 12:34 pm |Rating: +3 0 |Link to Comment
  • Is the U.S. Solvent? [View article]
    I'm really scared. Will there be enough left over for me to get a new Apple laptop?
    Jan 10 13:31 pm |Rating: +1 -1 |Link to Comment
  • The Origin of Financial Crises [View article]
    No-------it's not a mystery at all. Alan Greenspan's low interest rate policy was to boost banks at the expense of savers (who else had money ? ?) and it finally caught up with him. But at .00005% return our retirement has been confiscated. That double talking #%//>** !!!
    Jan 10 08:45 am |Rating: +6 -4 |Link to Comment
  • There's Unemployment ... And Then There's Unemployment [View article]
    Fact is-----most Americans don't do anything PRODUCTIVE. My 22 year old grandson (definitely not rich) never did a hard days work that I know of. Nobody in my neighborhood does anything or produces anything. One way or another (military pensions, federal aid, SS, food stamps, paid tuition, government pensions, housing subsidy, etc, etc, etc) everyone is on the dole to sit on their butt. So 90 % of us are unemployed and the rest are illegals doing the roofing and digging. We're not pulling our weight so we are getting soft and squishy and won't survive the coming invasion when we renege our debts in 5 years.
    Jan 10 08:32 am |Rating: +11 -10 |Link to Comment
  • Why Mortgage Payments Should Be Lower Than Rents [View article]
    This author obviously owns no rentals or ever paid for and maintained one.
    Jan 10 08:14 am |Rating: 0 -1 |Link to Comment
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