The 10 things that would make David Rosenberg turn bullish on America. Don't hold your breath. [View news story]
What's that old adage? If you the bank 100k for a mcmansion, you have a problem. If you owe the bank 10 mil for your mcmansion, the bank has a problem. Esp. if the title was in the mers.
Reasons to Be Bullish on America: Four Stock Picks [View article]
Where in the hell are you getting a gallon of milk for 2.19?! A farm where you have to bring your own container and get it out of the cow yourself? That box of cereal is also smaller that last year, the cost DID go up, you just didn't notice you are paying the same price for less product.
$20 isn't much , you're right. What you aren't taking into account is that anything that is transported via rail/truck/ship is going to increase as well, meaning your car, electronics, anything that needs transported goes up. Anything made from oil(plastics) goes up. It is an additive effect that goes beyond filling up your tank and affects everything in the economy, not just how much it costs to put gas in your tank. It's not a difficult concept.
Papa, those figures are too "volatile" to be used in CPI, please remember that. Even though we can put a man on the moon, recreate conditions fractions of a second before the big bang, and crack the genetic code, we are still not able to determine if food and energy prices are more/less than last year. Damn gloom and doomer.
Even if the banks can't foreclose, they still can get a lien on one's belongings due from the note that person signed, correct? That would allow the house to be seized and auctioned off by a sheriff's sale. Also, if the bank was accepting payments for a mortgage that was sold into the mers, what are the legal ramifications of collecting on a debt the banks no longer own? It would appear the morgtage wouldn't have a clear owner after it was put into a tranche and sold to different buyers, dissolving the mortgage. On the other hand, if the banks DID keep the note but sold the mortgage, the buyer of the mortgage gets nothing since a mortgage without a note is a nullity, which would make my first statement the only recourse for collecting on the debt, no?
Memories of 2008 riots and current worries about inflation move soaring food prices to the top of policymakers agendas. Worried about a backlash against open trade and free markets, World Bank President Zoellick argues for market-related solutions combined with humanitarian efforts. [View news story]
No idea, but if anyone were playing buzzword bingo, his phrase is golden.
Obama on raising the debt ceiling: Then ("Increasing America’s debt weakens us domestically and internationally.") and now ("If we hit the debt ceiling, that's essentially defaulting on our obligations which is totally unprecedented in American history," economic adviser Austan Goolsbee says.).[View news story]
In all honesty, it was in the plan all along to cut taxes. If the result of the measure is having to cut useless gov. programs/welfare reform/pulling out of whatever current "war" we are engaged in because a lack of funding, I am all for it.
Beware the Rising Oil Price Headwind [View article]
I'm guessing it's a diminishing factor once it gets to a certain point. At least I hope so, I was going to mention a $30 increase was improbable, but then remembered 2009.....
Cisco (CSCO) is 'admirably managed,' trades at an 'unmerited discount,' and is setting healthy long-term growth goals. While investors shun the stock, Barron's thinks the stock looks cheap, and that a promised dividend will create some valuation support. (See other recent Barron's picks.) [View news story]
Yeah but Barrons thinks the stock looks cheap, so you don't have to do all that work adding and stuff, right? Just buy?
What's so wrong with tax cuts for the wealthy, Caroline Baum wonders - after all, most Americans aspire to being rich. It's "voodoo economics revisited," Simon Johnson says - "childishly reckless" fiscal policy that digs the U.S. into a deeper debt hole. [View news story]
How are politicians going to get elected without buying votes in the form of entitlement programs?
What's so wrong with tax cuts for the wealthy, Caroline Baum wonders - after all, most Americans aspire to being rich. It's "voodoo economics revisited," Simon Johnson says - "childishly reckless" fiscal policy that digs the U.S. into a deeper debt hole. [View news story]
Trillion Dollar Tuesday - More Free Money [View article]
If the poor don't have $$$ to waste on trinkets they may be forced to forgo gift giving and celebrate being a family/togetherness/etc., or in a worse case scenario, that Jeebus guy who died. Oh the humanity.
The 10 things that would make David Rosenberg turn bullish on America. Don't hold your breath. [View news story]
Reasons to Be Bullish on America: Four Stock Picks [View article]
Reports of the Euro's Demise Are Greatly Exaggerated [View article]
Weak holiday sales are even more dismal than they seem, Jeff Nielson writes. When adjusted for inflation, the 2010 shopping season was actually worse than in 2008 and 2009 - "nothing short of an economic disaster." But at least we're eating well. [View news story]
Weak holiday sales are even more dismal than they seem, Jeff Nielson writes. When adjusted for inflation, the 2010 shopping season was actually worse than in 2008 and 2009 - "nothing short of an economic disaster." But at least we're eating well. [View news story]
Weak holiday sales are even more dismal than they seem, Jeff Nielson writes. When adjusted for inflation, the 2010 shopping season was actually worse than in 2008 and 2009 - "nothing short of an economic disaster." But at least we're eating well. [View news story]
The Subprime Debacle, Act II [View article]
Also, if the bank was accepting payments for a mortgage that was sold into the mers, what are the legal ramifications of collecting on a debt the banks no longer own? It would appear the morgtage wouldn't have a clear owner after it was put into a tranche and sold to different buyers, dissolving the mortgage.
On the other hand, if the banks DID keep the note but sold the mortgage, the buyer of the mortgage gets nothing since a mortgage without a note is a nullity, which would make my first statement the only recourse for collecting on the debt, no?
Memories of 2008 riots and current worries about inflation move soaring food prices to the top of policymakers agendas. Worried about a backlash against open trade and free markets, World Bank President Zoellick argues for market-related solutions combined with humanitarian efforts. [View news story]
Obama on raising the debt ceiling: Then ("Increasing America’s debt weakens us domestically and internationally.") and now ("If we hit the debt ceiling, that's essentially defaulting on our obligations which is totally unprecedented in American history," economic adviser Austan Goolsbee says.). [View news story]
Beware the Rising Oil Price Headwind [View article]
Cisco (CSCO) is 'admirably managed,' trades at an 'unmerited discount,' and is setting healthy long-term growth goals. While investors shun the stock, Barron's thinks the stock looks cheap, and that a promised dividend will create some valuation support. (See other recent Barron's picks.) [View news story]
What's so wrong with tax cuts for the wealthy, Caroline Baum wonders - after all, most Americans aspire to being rich. It's "voodoo economics revisited," Simon Johnson says - "childishly reckless" fiscal policy that digs the U.S. into a deeper debt hole. [View news story]
What's so wrong with tax cuts for the wealthy, Caroline Baum wonders - after all, most Americans aspire to being rich. It's "voodoo economics revisited," Simon Johnson says - "childishly reckless" fiscal policy that digs the U.S. into a deeper debt hole. [View news story]
A Stimulus by Any Other Name [View article]
Trillion Dollar Tuesday - More Free Money [View article]