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  • Wall Street Breakfast: Must-Know News [View article]
    Wow, all of a sudden we are out of the recession and spurring back to growth! And if we are careful, everything will be alright.

    Great news. Fantastic. Let's have a party!

    Trouble is, I don't believe it: it's now obvious that the cure that has been decided upon is one where the rich and powerful first protect their own interests by whatever means they can, which includes ramping up the price of any stocks they hold and then selling them off to the great unwashed (us) at exorbitant cost, then using the money to buy tangibles that will prove inflation proof, as the next bit of this grand cure is to ensure that the value of the dollar drops greatly and inflation takes it toll on the massive debt that's everywhere and can never be paid off with real money It will work, but leave us with worthless investments and assets; but oligarchs and plutocrats will be ok, having first protected their own worth before unleashing the inflation cure upon the rest of us.
    Oct 30 08:48 am |Rating: +6 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Everyone everywhere is into regulating banks and financials, when they're not "revising" last week's/month's figures and telling us how much less it's getting worse; yet, the bank's still seem to be surviving and even able to repay TARP with the funds trusting souls have put into their new stocks. When will it dawn on people that the banks' stock prices have been bubbled up, and that once the rhetoric and outright lies are out of the way, we will see more realistic valuations? And I don't mean higher ones either!
    Jun 19 10:25 am |Rating: +5 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Whilst it may be that we've been near the bottom or even at it, this recent bounce has a big leg down to come, especially in the financials. So do expect a reversal soon.
    May 05 09:25 am |Rating: +6 0 |Link to Comment
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