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Gulf States' Currency Union Seen as Dollar Threat

We gave away our supreme dollar when we gave away our manufacturing base. Now we are just one among many.

On the State of Financial Institutions

So what are the hugely profitable activities of the large bank holding companies?

FDIC Keeping Mum About Real Estate Auction Results

We walked by a cute little 100 yr old bungalow for sale in a park area of Denver where my girlfriend lives this morning. I thought to myself I'd pay 70K for it (10 times probable top rent) maybe a little more if I wanted to live there. The price on the flyer was 378K. There seems to be a lot of varience in peoples' valuations. Untill a flatter concenses emerges, we are going to just have to mark time. Enjoy your life as it is - it is what we have that is real.

Leveraged ETF Ban Spreading Like the Flu

My problem - How to play the CRE crash when it finally hits the general public's perception. The solution for my IRA where I cannot short PNC is to buy SRS. Would welcome all the discussion of this I can get.

Why AIG Gets Billions While GM Gets Scorn

LET'S SEE, we dont spend say,15 billion, to keep two million jobs going and how much will we spend next year to get two and a half million new jobs going? 600 billion?
Well Hell yeah sure we should not spend the fifteen. We may not be smart but we are ideologically pure.

Canadian Royalty Trusts Will Never Return to Their Former Glory

I've been told by someone who studies this stuff, that Alberta gets 1.5% royalties on oil. 20% of this is not much to worry about in the grand scheme of things. (Lybia gets 98%)

Battling the Doomsday Machine

Figuring in a little overshoot, a median income of 45k and the 3X formula being 2.8X, gives a median house value of 126k. That is where things should be. It will take awhile longer.