maedchen

Waiting for the Death of the Chicago and Keynesian Schools

I think capitalism finally has failed, thanks to GS and the other criminals.
We really should try a more human and social form of democracy.
We should care more of the people without a job or health-insurance, than the bonusses for Wall-Street, the jets for CEO's etc.
Obama is not only the hope for change, he is our last chance.

When Will the Housing Market Bottom?

We bought 2 new starter homes in NW-Florida in 2000/2001 for $70k/$74k, both 3/2/1 1200 - 1250 sqft. We made 650,- in rent each and later in 05 the rent was up to 1.050,- each. Then we sold them for $135k/140k .
The prices actually went up further to 160k, but then came back. Today the same homes are on the market for about $115k to $120k. This is still about 70% above the original price, though much more room to come down.
By the by, we were lucky with the homes, but lost the profits in the stock market.

How to Inspire More Panic in the Economic Crisis

A few comments.
1. The Bush-Administration definetely ruined this country and I strognly believe the GOP is done for good.
2. Obama faces a huge challenge, but the good thing is, there is not much he can do wrong, all the mistakes are already made.
3. Here is what he should do:
Get our troops home and end both wars .
Spend that money in the economy.
Nationalize the whole financial system.
Install universal healthcare.

U.S. Dollar: The Trade of the Decade

What are you smoking ? The Dollar will collapse, look at the deficit.
And by the way, alternative energy , energy efficiency, recycling etc. does exist in Europe for about 20 years, the US is way behind the curve.

Buy Stocks That Worked Before the Crash

I like FCX as well as TC, they both will have a great comeback in late 09.
Oil should be at 60 or 70, a price everybody could effort and very important would stabilize middle east etc., something in our own interest.

Crude Oil's 2009 Forecast: Time to Buy?

Friends in Dubai/Kuwait told me, there will be a 5 mln. bpd cut next week and they expect oil up to 55,- $ immediatedly. Shell and BP are storing crude in tankers, because the do not want to sell it today and they know about the price spike. Furthermore OPEC-Members and Oil producers in Russia bought oil futures cheap last week and are going to make a killing next week, without even selling their oil, they learned from Wall Street.