cash's Comments cash's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/294888/comments NJ Gov.-elect Chris Christie offers a clue to state spending in 2010, unveiling plans to slash spending and programs by up to 25%. "Absent strong action, revenues and expenditures will likely remain out of balance for the foreseeable future," a recent memo (.pdf) to cabinet members and agency directors says. http://seekingalpha.com/news/market_currents/post/38755?source=feed#comment-818486 818486 Wed, 23 Dec 2009 08:25:54 -0500 Economist Joseph Stiglitz calls for an unemployment Powell doctrine, urging "overwhelming force" be used to combat 10% joblessness. He says the February $787B spending package was too small and risks a vicious cycle of deceleration, and that banks aren't restructuring home loans because they're still allowed to carry them at face: "I call that marking to hope, not marking to market." http://seekingalpha.com/news/market_currents/post/38060?source=feed#comment-800291 800291 Thu, 10 Dec 2009 14:38:39 -0500 And just like that, the Dow's triple-digit advance is gone. Dow now just into the negative, -1.74 to 10,364.41. S&P 500 dives, down 0.2% to 1,099.57, and Nasdaq on its way, now down 0.2% to 2,170. Basic materials, especially miners and metals, have been the drag so far. http://seekingalpha.com/news/market_currents/post/37687?source=feed#comment-790426 790426 Fri, 04 Dec 2009 11:50:39 -0500 Ahead of Thursday's jobs summit, the government is in early-stage talks with home improvement retailers (HD, LOW, SHLD) about using stimulus dollars to encourage homeowners to replace leaky windows and insulate their walls as part of a broader effort to spur hiring. One option under consideration is to boost the current $1,500 tax credit available to homeowners making energy-efficiency improvements. http://seekingalpha.com/news/market_currents/post/37415?source=feed#comment-784285 784285 Tue, 01 Dec 2009 09:51:31 -0500 The Fed is reportedly scrutinizing the biggest banks to ensure they have enough capital to withstand a sudden reversal in asset prices. Supervisors want to know what banks know about the strength of their counterparties, and whether risk managers have any say in bank policies. http://seekingalpha.com/news/market_currents/post/36920?source=feed#comment-769448 769448 Fri, 20 Nov 2009 14:22:53 -0500 Citigroup: Market Gains to Continue Until Individuals Jump Back In http://seekingalpha.com/article/174093-citigroup-market-gains-to-continue-until-individuals-jump-back-in?source=feed#comment-766177 766177
Yup, that is the way wall street works. Atleast the guy is being honest and not mincing his words. If individual investors do step in to this market after pronouncements like these, then it is their fault. Can't say they have not been warned. But it does look like the so called dumb money has wised up some, and staying out of this Casino where house/street is rigged to win.]]> Wed, 18 Nov 2009 18:09:06 -0500
Yup, that is the way wall street works. Atleast the guy is being honest and not mincing his words. If individual investors do step in to this market after pronouncements like these, then it is their fault. Can't say they have not been warned. But it does look like the so called dumb money has wised up some, and staying out of this Casino where house/street is rigged to win.]]> The debate continues over whether Goldman Sachs (GS) benefited from the [[AIG]] bailout: Goldman's claim that it was hedged against losses if AIG collapsed is rebutted by the TARP inspector general's report, which says it was "far from certain" that underlying CDOs could be liquidated, and that it would be difficult for Goldman to collect on credit protection in the event of AIG's failure. http://seekingalpha.com/news/market_currents/post/36749?source=feed#comment-765763 765763 Wed, 18 Nov 2009 14:04:36 -0500 Why Does the Fed Feel Powerless to Identify Bubbles in Real Time? http://seekingalpha.com/article/173989-why-does-the-fed-feel-powerless-to-identify-bubbles-in-real-time?source=feed#comment-765110 765110 Wed, 18 Nov 2009 08:35:14 -0500 Fed Chairman Ben Bernanke: In Q-and-A after his earlier remarks, says it's "not obvious" that asset prices are out of line (inside the U.S., at any rate). He added "we can never say never" on using interest rates to deflate bubbles, and said we won't have a "real market-based financial system until it's safe to let a financial firm fail." http://seekingalpha.com/news/market_currents/post/36592?source=feed#comment-762562 762562 Mon, 16 Nov 2009 15:11:07 -0500 GM Looks to Use U.S. and Canadian Tax Money to Bail Out Opel http://seekingalpha.com/article/173454-gm-looks-to-use-u-s-and-canadian-tax-money-to-bail-out-opel?source=feed#comment-761975 761975 Mon, 16 Nov 2009 10:21:44 -0500 Now that the first-time homebuyer tax credit is sticking around (and isn't even just for first-time buyers anymore), NAR economist Lawrence Yun expects home prices to rise 15% next year with "the fear factor" no longer at play. Unemployment won't deter people with jobs from making purchase decisions, he says. http://seekingalpha.com/news/market_currents/post/36514?source=feed#comment-759461 759461
And, why the heck are we trying to create artificial demand? is this a capitalist society? U.S. lawmakers & IMF keep giving lectures to the so called 3rd world how they should manage their economies. Listen to these idiots now. As somebody else posted, Capitalism is for the Other Guy. Bunch of free-loaders all!

Adam Smith would be turning in his grave.]]> Fri, 13 Nov 2009 18:24:37 -0500
And, why the heck are we trying to create artificial demand? is this a capitalist society? U.S. lawmakers & IMF keep giving lectures to the so called 3rd world how they should manage their economies. Listen to these idiots now. As somebody else posted, Capitalism is for the Other Guy. Bunch of free-loaders all!

Adam Smith would be turning in his grave.]]> Senators reportedly reach a compromise to extend the first-time homebuyer tax credit through the end of April - and beyond those buying their first house. http://seekingalpha.com/news/market_currents/post/35286?source=feed#comment-734588 734588 Wed, 28 Oct 2009 18:07:37 -0400 In his weekly radio address, President Obama said too many small businesses are still finding it difficult to get loans: "These are the very taxpayers who stood by America's banks in a crisis - and now it's time for our banks to stand by creditworthy small businesses, and make the loans they need to open their doors, grow their operations, and create new jobs." http://seekingalpha.com/news/market_currents/post/34950?source=feed#comment-728752 728752 Sat, 24 Oct 2009 20:49:42 -0400 September Existing Home Sales: up 9.4% to 5.6M/year, vs. 5.1M in August. Sales are 9.2% higher than the year-ago pace and are at the highest level in more than two years. NAR chief economist Lawrence Yun says the first-time buyer tax credit is fueling momentum that "needs to continue for a few additional quarters until we reach a point of self-sustaining recovery." http://seekingalpha.com/news/market_currents/post/34902?source=feed#comment-727141 727141 Fri, 23 Oct 2009 11:54:49 -0400 Senate Democrats introduce legislation that would extend unemployment insurance benefits for up to two million Americans, some of whom could collect for up to 99 weeks. http://seekingalpha.com/news/market_currents/post/33901?source=feed#comment-709335 709335 Thu, 08 Oct 2009 18:00:34 -0400 Falling Dollar: Finally Front-Page News http://seekingalpha.com/article/165538-falling-dollar-finally-front-page-news?source=feed#comment-709260 709260 Thu, 08 Oct 2009 17:04:15 -0400 TALF 3.0: Will Government Step in to Rescue Consumer Credit? http://seekingalpha.com/article/165400-talf-3-0-will-government-step-in-to-rescue-consumer-credit?source=feed#comment-709131 709131 Thu, 08 Oct 2009 15:14:34 -0400 Chart of the Day: The Billion Dollar Gram http://seekingalpha.com/article/165541-chart-of-the-day-the-billion-dollar-gram?source=feed#comment-708955 708955 Thu, 08 Oct 2009 13:27:44 -0400 Another grim view on employment: Hours worked per person continues its nosedive, to the lowest average recorded (see chart) - another hint that the headline jobless numbers are hiding an awful lot more frustrated workers. http://seekingalpha.com/news/market_currents/post/33560?source=feed#comment-700592 700592
better there than here announcing (with a straight, grim face) his new handout program (with money we do not have) of the day will create millions of jobs. it costs us less money have all these govt jokers out of our pay roll. teach them what unemployment is.]]> Fri, 02 Oct 2009 15:31:43 -0400
better there than here announcing (with a straight, grim face) his new handout program (with money we do not have) of the day will create millions of jobs. it costs us less money have all these govt jokers out of our pay roll. teach them what unemployment is.]]> Uh oh. "Goldman Sachs today said the economy probably lost more jobs in September than it previously anticipated, citing 'disappointing' economic data, including the number of people receiving jobless benefits." Firm now pegs tomorrow's nonfarm number at -250K vs. a previous -200K and consensus of -175K. http://seekingalpha.com/news/market_currents/post/33506?source=feed#comment-699631 699631 Fri, 02 Oct 2009 06:55:37 -0400 The Next Major Crisis Brewing http://seekingalpha.com/article/164251-the-next-major-crisis-brewing?source=feed#comment-698866 698866
But laws apply to you and me not to GS, JPM or the unions. They get a full tax payer bail out funneled thru AIG or sticking it to the bond holders in case of unions. Law enforcement is there to keep the riff-raff in their place.]]> Thu, 01 Oct 2009 15:32:49 -0400
But laws apply to you and me not to GS, JPM or the unions. They get a full tax payer bail out funneled thru AIG or sticking it to the bond holders in case of unions. Law enforcement is there to keep the riff-raff in their place.]]> Fed Chairman Ben Bernanke says that creating a new reserve "super-currency" favored by Russia and China would weaken the dollar and "we would have to watch for any inflationary consequences of that." Answering questions after his prepared remarks in the House, he said risk could grow for the currency if the U.S. doesn't put its economic house in order. http://seekingalpha.com/news/market_currents/post/33466?source=feed#comment-698729 698729 Thu, 01 Oct 2009 13:36:27 -0400 GM's fling with eBay (EBAY) looks to be over, at least for now, as evidence suggests it drew a lot of lookers but not a lot of buyers. And some typical online-auction behavior: One bidder submitted a $2,500 bid on a $40,000 vehicle. http://seekingalpha.com/news/market_currents/post/33396?source=feed#comment-697270 697270 Wed, 30 Sep 2009 15:41:05 -0400 Microsoft (MSFT) cut the total pay of its top five executives this year, and cut bonuses 29%, according to its proxy statement today. CEO Steve Ballmer - considered "underpaid" by the pay committee - got $1.2M and is not receiving stock compensation. The board approved a salary freeze for 2010 for the execs. http://seekingalpha.com/news/market_currents/post/33344?source=feed#comment-696052 696052 Tue, 29 Sep 2009 18:44:16 -0400 The government's propping up of AIG (AIG +2%) has worked, averting a catastrophe, so now it's time to take it apart as quickly as possible, says Matthew Goldstein - it's not as if this company will stand on its own ever again, and another blow-up risks more damage. http://seekingalpha.com/news/market_currents/post/33039?source=feed#comment-688209 688209 Wed, 23 Sep 2009 18:32:29 -0400 U.S. Quantitative Easing Has Just Begun http://seekingalpha.com/article/162987-u-s-quantitative-easing-has-just-begun?source=feed#comment-688190 688190
That is it! Blame the unemployment on these earnest, hard-working, educated and under paid folks! Not the banksters, house flipping spend-thrifts and the union thugs that pocketed billions at the expense of tax payers. Of course not, the banksters own the treasury & fed, the unions own the politicians. They are untouchable.]]> Wed, 23 Sep 2009 17:55:48 -0400
That is it! Blame the unemployment on these earnest, hard-working, educated and under paid folks! Not the banksters, house flipping spend-thrifts and the union thugs that pocketed billions at the expense of tax payers. Of course not, the banksters own the treasury & fed, the unions own the politicians. They are untouchable.]]> Is This a Sucker's Rally? http://seekingalpha.com/article/162652-is-this-a-sucker-s-rally?source=feed#comment-685897 685897 Tue, 22 Sep 2009 07:26:54 -0400 As the FDIC debates whether it'll need to hit the Treasury up for a loan, Institutional Risk Analytics - which has usually taken a grim outlook on bank prospects - now thinks that more than 1,000 banks will fail in the current cycle. With 25 down in 2008 and 94 so far this year, that just leaves another 900 or so. http://seekingalpha.com/news/market_currents/post/32790?source=feed#comment-683769 683769
>>The conclusion is obvious. The prudent will pay for the selfish >>choices of the imprudent.

Of course. The house flipping imprudent, or the over-leveraged banker are not useful members of the society, but rather they are parasites. And we have a government that rides rough shod over contract law, decimates the rights of bond holders in favor of unions, and bails out their campaign donating friends. What can you expect. If you are prudent you will be made to pay]]> Sun, 20 Sep 2009 00:06:58 -0400
>>The conclusion is obvious. The prudent will pay for the selfish >>choices of the imprudent.

Of course. The house flipping imprudent, or the over-leveraged banker are not useful members of the society, but rather they are parasites. And we have a government that rides rough shod over contract law, decimates the rights of bond holders in favor of unions, and bails out their campaign donating friends. What can you expect. If you are prudent you will be made to pay]]> Facing ballooning deficits and an aging population, America's least-bad choice may be the creation of a new value added tax. http://seekingalpha.com/news/market_currents/post/32135?source=feed#comment-669061 669061 Wed, 09 Sep 2009 13:26:15 -0400 Are We in the Eye of the Economic Storm? http://seekingalpha.com/article/157640-are-we-in-the-eye-of-the-economic-storm?source=feed#comment-641073 641073
Innovation is the ONLY real engine that can create widespread wealth and prosperity. Unfortunately, that is not how fedbama think. They have wasted trillions of dollars on propping up bad banks, and bailing out spendthrifts. If you work hard & innovate - just wait, Obama is coming around with tax increases to reward you.]]> Sat, 22 Aug 2009 13:42:54 -0400
Innovation is the ONLY real engine that can create widespread wealth and prosperity. Unfortunately, that is not how fedbama think. They have wasted trillions of dollars on propping up bad banks, and bailing out spendthrifts. If you work hard & innovate - just wait, Obama is coming around with tax increases to reward you.]]>