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  • Wall Street Breakfast: Must-Know News [View article]
    Yep, it's pretty certain that a double dip is on the way as BO is already starting to prepare his pitch to refute it has anything to do with him or his cronies.

    Best sell up all stocks and buy gold if ya don't wanna go broke.
    Nov 19 08:56 am |Rating: +9 -3 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Buffett buying a railroad is good sense for anyone with a long term investment horizon such as his. Infrastructure is needed even in the deepest recession: roads, railroads, ports and airports, ships, hospitals, schools, bridges and similar constructions must be built and maintained in order for any economy to sustain yet alone thrive. Some of my own investment is in global infrastructure, and what is not dollar denominated has a good chance to add value through the exchange rate.
    Nov 04 08:58 am |Rating: +7 -1 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I agree, with one slight alteration: it's like handing the gun to GS and inviting them to shoot us in the foot. Times like these shine a light on the great and greedy, and this one is flashing red!


    On Nov 04 08:25 AM doubleguns wrote:

    > Why would the govt sell tax credits that they should just let expire.
    > The tax payers OWN fannie so selling 3B of tax credits for anything
    > less than 3b is just shooting our selves in the foot.
    >
    > The hell with the bidding. They cost 3 billion, bottom line you thieves.
    Nov 04 08:50 am |Rating: +12 0 |Link to Comment
  • Ben Graham Had It Right [View article]
    Investing, finance and the math involved integrate into an art rather than a science. Even the simple math of taking in deposits at a known cost and lending them out at a known cost, to produce a profit, depend so much on scale: even then you have to assume a minumum take that will cover fixed and variable costs, which if not achieved will result in loss. The complexity of the securitization of debt such as mortgages, credit cards and such-like is such that even the best math cannot tell you in advance what the outcome will be. Unfortunately natural human greed entered the equation but was not factored into the sums that were done: somehow we need to prevent a recurrence; and it will be a far greater talent than mine that will begin to have a good answer.
    Mar 12 08:36 am |Rating: +2 -1 |Link to Comment
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