KIT

These Mortgage Rates Won't Be Here for Long

I have said this for years High interest mortgage is the time to buy. I am appalled by realtors who tell young people to buy before the house is out of reach in a run away market with low interest.

This sets them up or capital loss and good chance of payment failure down the road. Proof you can make payment in high interest times is future protection.

In Canada we dont have 30 year fixed mortgages 5 year max then you pay the going rate

On Sep 28 05:46 PM OptimizedPrime wrote:

> Yep, great time to buy. You know what happens when interest rates
> inevitably go back up? Your newly purchased house's value drops like
> a rock!

Dead Banks Walking

They did not save the banks they saved the shareholders, not only the very rich but many pension funds. The fleet footed may escape the next failure but I think Pensions will greatly harmed

Did We Nationalize Banks, Or Did They Nationalize Us?

The whole group should have been Nationalized. The taxpayer once asked to fix the mess would now be benefiting from the profit. Once the bailout was recovered and new rules put in place the taxpayer could sell the working company to the private sector. This would elliminate the moral hazard of no down side for doing wrong.

Can a Market Crash Save Us from Hyperinflation?

Wealth gets political influence. A collapse of the markets will limit the power of the wealthy but only temporaraly as the generated low stock prices will offer them new oppertunities to become more powerful.

The market is the wheel of the economy but political expedience is the grease that set the direction the wheel will roll.

Your article is correct in every way but the politicos have masters to serve

Nothing Is Ever Truly 'Off the Books' in the Financial World

If the Titanic was held off the books its stock would be rising now because the ship is sinking much slower. Maybe a Titanic ETF could be set up

Wall Street Allowed to Grade Itself in Stress-Test Sham

On May 11 06:20 AM boisterousbob wrote:


> I am not suggesting there were no other problems, of course there
> were. However, reminding you of context, banks had existed successfully
> on a fractional reserve model since the late 1600's with accounting
> rules more similar to those we now have.

Back then shareholders were held personally liable for corperate losses so hedged derivitives at 10, 30 and 100 to one would have scared the hell out of them and would not exist.

Investors Snap Up New Bank Equity

Buy the LIE.

The banks will back for more Govt money next year and they will offer more perferred shares and more common shares. The continuing recession will kill their normal profit streams.

The govt cant affored all the losses, so get some sheeple to shear

A Bull Market That Few Are Buying

On May 11 09:13 AM Missing_Link wrote:

> On May 10 11:51 AM InvestBaboo wrote:
Good luck getting the suckers to buy further into the suckers' rally. I believe this cash is ultra-conservative; if it weren't, it wouldn't be sitting in money market accounts.

Bang on I'm 53 too close to retirement to shift a lifetime of savings into a recession market. I have made 4 years worth of interest on USD CAD exchange rate so I dont care that the Money market account pays no interest. NOBODY is getting my money till I see clear REAL earnings recover. 13 34 week crossover and retest IS REQUIRED. I get on chance to do this right for the rest of my life. At this point in my life I have no time to wait out a mistake

Chart of the Day: Common Capital vs. TCE

The problem is your patient has cancer and a cold, you know it but you don't want to tell the family. So you test for the cold and tell them its possible to get through.

Marking to fantasy can't take away the reality there are truly huge losses out there and we will have to work through them.

I am reminded of the British Prime Minister returning from a Meeting with Hitler and holding high a document proclaiming "PEACE IN OUR TIME".

Well by golly that was exactly what the public wanted to hear and people started planing for the great peace what was upon them. We had world war 2 shortly after.