You would rather him be in the white house coming up with more socialist legislation?! I wish the guy would take up residence at Cocoa beach and not show his face until the next election. ;)
Greenspan Warns About Interest Rates, Debt [View article]
No one is denying what he said being/not being true; rather it is being discussed whether he is being hypocritical in what he is presently saying versus his past policies. Do you know what hypocritical means?
Moon, to continue on your comment, I think the result of the gov. pulling the stimulus rug out from under the feet of the economy will be the same as when the housing stimulus ended.
Sven, look up the boskin-greenspan argument for more reading on the matter. I may seem to be a pessimistic bear to a lot of people that frequent this forum, but it's not my outlook on life; rather a result of the direction I see the world going in for the average person. I will say that since I left conventional American living behind(working 50+hr weeks, buying any and everything I can finance whether I need it or not, living on credit, etc...) my life is much easier and less stressful. The sheeple, on the other hand(most of my family and friends included), are toiling themselves into a death spiral of debt, stress, and denial.
St. Louis Fed President James Bullard says a strong global economic recovery is under way and is unlikely to be thrown off course by European debt woes or the improbable event of the bursting of China's asset bubble. Still, he also believes the recovery is not strong enough to merit a hike in U.S. interest rates. [View news story]
So if and when we return to an unsustainable debt fueled orgy of spending, instant gratification, and general ridiculousness, everything will have returned to "normal"?
Is Pharmaceutical Innovation Running Dry? [View article]
Both are deep and valid points; which is why I believe it best to remove government as much as possible from HC. Allow the individual to save and provide for their care. That would negate the ethical concern over a smoker receiving an unfair portion of funds to battle lung cancer, the alcoholic battling liver disease, the 90 year olds being kept alive hooked up to machines. The gov. should stay out of the HC biz as much as possible, just to provide the country with an environment that allows unfettered competition for HC insurance for those that CHOOSE to have it, addressing tort reform, and cost discrimination for the uninsured. Oh, it would be nice if Americans would take the initiative to do something about the 60+% obesity rate. Last I heard it was somewhat unhealthy for more than one reason, and losing weight requires nothing more than eating less and a small amount of exercise.(It the medical profession would like us to believe that it's impossible to lose weight without having stomach stapling surgery, but really, diet and exercise work. promise.)
Too Much Doom and Gloom Housing Commentary? [View article]
Fire sale prices aren't making the houses in S Fl any more attractive to investors/buyers due to hurricane insurance and property taxes. I live in a 500k (at the peak) house that would go for 80-120k anywhere else in the country based on its size/cond. Taxes(aka legalized theft) and ins. add another 1000 a month to the mortgage. Ridiculous.
Enjoy today's pending home sales gain while the going's good, Capital Economics' Paul Dales says, noting that a 39% four-week plunge in mortgage applications signals what's around the corner. With the homebuyers credit now finished, "it is only a matter of time before the underlying weakness of the housing market becomes uncomfortably clear." [View news story]
"noting that a 39% four-week plunge in mortgage applications signals what's around the corner. With the homebuyers credit now finished, "it is only a matter of time before the underlying weakness of the housing market becomes uncomfortably clear."
The next move in the stock market is a 15%-20% jump, predicts Barton Biggs, citing a strong U.S. economic recovery. Technology stocks will lead the way, he says, with buying opportunities in drug developers and property companies. [View news story]
Going up 15-20? Sure, I believe that. Due to the strength of the economy? No .
It's a lose-lose situation for millions of underwater homeowners who are learning that walking away from their mortgages could result in tax bills as high as tens of thousands of dollars. [View news story]
I don't understand how the IRS can reason it's "income" when the item in question has been foreclosed and on the bank takes possession. If the homeowner retained possession than yes, it's income. The government is really starting to push the envelope on our tolerance of it's bs.
"Well, to quote Tony Hayward, he's got his life back." - Rahm Emanuel on This Week after BP's (BP) CEO was seen Saturday watching a yacht race one day after being removed from day-to-day responsibility for the disaster. [View news story]
Greenspan Warns About Interest Rates, Debt [View article]
Greenspan Warns About Interest Rates, Debt [View article]
AT&T Melts Down Again, Will Apple Ever Learn? [View article]
Here's the Bounce, What's Next? [View article]
Here's the Bounce, What's Next? [View article]
Here's the Bounce, What's Next? [View article]
I may seem to be a pessimistic bear to a lot of people that frequent this forum, but it's not my outlook on life; rather a result of the direction I see the world going in for the average person. I will say that since I left conventional American living behind(working 50+hr weeks, buying any and everything I can finance whether I need it or not, living on credit, etc...) my life is much easier and less stressful. The sheeple, on the other hand(most of my family and friends included), are toiling themselves into a death spiral of debt, stress, and denial.
St. Louis Fed President James Bullard says a strong global economic recovery is under way and is unlikely to be thrown off course by European debt woes or the improbable event of the bursting of China's asset bubble. Still, he also believes the recovery is not strong enough to merit a hike in U.S. interest rates. [View news story]
Is Pharmaceutical Innovation Running Dry? [View article]
BP: Damned by Internal Documents [View article]
Housing, Banks and Global Credit: The Next Leg Down Awaits [View article]
Too Much Doom and Gloom Housing Commentary? [View article]
Enjoy today's pending home sales gain while the going's good, Capital Economics' Paul Dales says, noting that a 39% four-week plunge in mortgage applications signals what's around the corner. With the homebuyers credit now finished, "it is only a matter of time before the underlying weakness of the housing market becomes uncomfortably clear." [View news story]
Exactly how the "bears" said it would turn out."
The next move in the stock market is a 15%-20% jump, predicts Barton Biggs, citing a strong U.S. economic recovery. Technology stocks will lead the way, he says, with buying opportunities in drug developers and property companies. [View news story]
Due to the strength of the economy? No .
It's a lose-lose situation for millions of underwater homeowners who are learning that walking away from their mortgages could result in tax bills as high as tens of thousands of dollars. [View news story]