Zurina

10 Market Ideas to Start the New Year

Good reminders, thanks

Number of U.S. Homes With Negative Equity Is Stunning

Tell you a real money story:
My new neighbor bought the house from my previous neighbor who worked as a city marshal. She (city marshal) bought her second house next to mine for $265,000 in 2002. In September 2008, the house was on foreclosure, my new neighbor bought it at 50% discount from the bank for $275,000. So my previous neighbor took out about $200,000 in the last 6 years. She also gave up her first house, and now live in a apartment. Government thinks that people like her need free check.

If 5 millions house owners are like my previous neighbor, each pocketed $200,000 cash for each house, sent part of the cash overseas, tell me that our financial industry won't collapse. Blame everybody else but the real culprits.

Does Obama Have What it Takes to Turn the Economy Around?

Jeff,
You are another one of many who uses the same article to 'prove' that wall street under D-government will perform better. I surely hope so as I want my investment to recover. But with the uneven number of years under D and R government, it's hardly can be used as a predictive tool. May be with more data and goodness of fit for the regression line, it may eventually become more useful. Until then, it is laughable that it is of any meaning at all.

Unlimited increased spending is the blessing or blight?? Looks like had been the root of evil, more than the greed of the Wall Street. If I don't spend the unnecessary, Wall street or anybody can't take my money from me. You can try, but you won't get a cent form me as long as I have some living cells in my brain.

The Chickens of Irresponsibility Come Home to Roost Under Obama's Reign

I always wonder why the urge to bigger government argumentatively sounds so humane and draw so many supporters. The quote from HL Mencken says it well as far as the US history goes....
"The urge to save humanity is almost always a false front for the urge to rule it". H.L. Mencken

As we point one finger towards our "enemy", there are four fingers pointing towards ourselves. Every move/policy comes with blessings and blights, just more of one than the others. It's up to the smart ones and lucky ones to execute the right ones at the right times. Blaming games won't do. Good luck.

The Reagan Counterrevolution

Well done, Peter. Your article is one of very few I read written by someone who demonstrates the knowledge of basic economic forces. We could only lessen the depth of downturn business/economic cycles at the very best as far as human history proves. If greater government is the solution, China would not done the opposite for the last two decades.
Though pure capitalism is no more than an ideology but what Winston Churchill said does make some sense:
"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism (ever growing and gigantic government) is the equal sharing of miseries."
Winston Churchill