User 347440

What Happens After Banks Repay TARP Loans?

If they come back hat in hand for money and the government gives them more money, I wonder what the sheeple response will be?

Why Did Bernanke Say What He Said?

Clinton had a republican lead congress. Do some research before you post. I guarantee IT WILL NOT BE DONE with a democratic president and a democratic congress.


On Jun 03 03:19 PM VennData wrote:

> Clinton balanced the budget, with basically the same group in Congress.
> It can be done again.
>
> If you stop people like Reagan's Fed chairman, Greenspan, from claiming
> that ending the US gov't debt market is a bad thing., Cheney from
> saying deficits don't matter, and tax policies that are divorced
> from spending, we'll be fine.

Here Comes Dow at 9,600, S&P 500 at 1,042

I'm feeling irrational exuberance coming on again.

Trending Toward the European Model of Economic Growth

Change was promised. Not sure what everybody was hoping for.

PIMCO's Bill Gross Sees a Bleak Future

70% of GDP no longer has access to free credit to fuel the economy. They also have no home equity or 401k to fall back on. It will take years, if not decades for this to change. The unchecked spending habits of the Dems far exceed the unchecked spending from the Repubs in years past. We are getting hints that the world is unwilling to fund another credit binge that cannot end any different than this one.

I agree. Little to no grow due to oppressive conditions on business, due to lack of demand on a tapped out consumer and due to flushing billions down the toilet keeping any number of zombie industries and states afloat on the federal dole.

So What's a Year Worth? U.S. Government Net Liabilities

Maybe we should go back to the heralded Clinton years with a fiscally responsible Republican congress, the two parts of the balanced budget and surplus years. We certainly don't have anything close to that now. Do you all honestly think that Obama and the far left radical Congress we have now can do anything close to what was accomplished in the late 1990's?

As far as the topic of this article goes, the entitlement state of the USA will surely bankrupt the country at this pace. The far left would like nothing more than to have more people dependent on these programs to ensure that they have their votes locked in.

California: Trailblazing the Road to Insolvency for the Rest of Us?

How much actual revenue will be brought in through taxing "legal" marijuana? Millions? Hundreds of millions? Maybe one billion? Unless every California citizen, who isn't already a hardcore user, becomes a hard core user, the impact will be minimal. They're still lookng at MASSIVE program cuts.

Is that where we are heading as a country? Promoting drug use to pay the bills? What are the negative impact, socially and fiscally?

Is the Credit Crunch Real?

The credit crunch is a perspective thing. It's not that there aren't banks willing to lend, it's that there aren't credit worthy borrowers out there for the banks to lend to. The era of free credit is over and the glutonous American consumer is going to have to adapt to that reality.

Past the Economy's Inflection Point?

Or maybe it's a dead cat bounce in the rate of decline, with further declines to go. With so many headwind events facing us now and coming in the future, one could argue the dead cat bounce scenario.

Obama's Spend, Tax and Borrow Policies Will Wreck the U.S. Economy

First he critizes the last eight years for their debt binge, then in 30 days, he nearly equals the debt creation of the last eight years. It goes along with no lobbyists in my cabinet, no earmarks in my bills, etc. etc. Just another lying politician saying whatever needs to be said to get elected. This economy is F---ed for sure. They are all blind.

Dr. Doom Responds on Wells Fargo

Wouldn't surprise me one bit if the next mogul to step in front of a train is Buffet. This IS different and Buffet's strategies may not work here. They haven't held up to date since the "crisis" started.


On Feb 28 02:05 PM ronbeasley wrote:

> Berkshire Hathaway has several bank investments. Wells Fargo is by
> far the biggest. Warren Buffet reduced his investment in BankAmerica
> and US Bancorp, but not in Wells. I think it makes more sense to
> pay attention to the actions of people like Buffett than to the hyperbolic
> dialogue of an academic.
>
> Wells Fago is quite simply one of the best managed, most conservative
> banks and, unless we are facing a total collapse here, presents a
> compelling investment opportunity. It has the earnings power to earn
> its way out of the current mess, and appears to have adequate reserves
> to cover the next year or so of individual and commercial credit
> losses.

Bernanke Seems Clueless About the Real State of the Economy

Blame it on Bush? What about the 535 elected congressman who's job it was and still is is to oversee day to day operations of things like the financial system. Most of these idiots are still in office, being led by another idiot doing the same thing Bush did, spending like an idiot.

Let's go to the web to see Dodd, Frank, Waters, Frank Raines, Meeks, Clay...............the list is endless.

Where is the call for accountablilty of all these idiots???? The were at ground zero in this whole mess??????


On Mar 01 10:15 AM Ferdinand E. Banks wrote:

> My skiing is over for today, and so I turned to this site to see
> what the pessimists are up to. Needless to say, it was the same old
> bad-mouthing of a president who just took office. Hardly a word about
> the man who led the US into this situation, and who also appointed
> Professor Bernanke. Instead there is a barely concealed longing for
> for a full-scale meltdown so that it will be possible to put President
> Obama in the wind in 2012.

A Game of Confidence

The lack of confidence is true. The perspective is wrong. Lending agencies have a complete and total lack of confidence that there is credit worthy borrowers out there.

The era of free credit is over. The consumer has to learn to deal with that.

Rick Santelli's Rant: A Response

Home prices are still historically high if you use the home price/rent or home price/income ratios. Let's say you forestall every single mortgage forclosure from here on out. You have, in effect, put a floor in housing prices. If houses are still at 4 times income, nobody will be able to afford a mortgage with anything less than a substandard or exotic loan or prolonged savings to get the 20% down payment. What have you accomplished? Houses will still out of reach for the "average American". Home ownership will at best stall, if not decline. The home equity based economy is over.

Rick Santelli's Rant: A Response

Home prices are still historically high if you use the home price/rent or home price/income ratios. Let's say you forestall every single mortgage forclosure from here on out. You have, in effect, put a floor in housing prices. If houses are still at 4 times income, nobody will be able to afford a mortgage with anything less than a substandard or exotic loan or prolonged savings to get the 20% down payment. What have you accomplished? Houses will still out of reach for the "average American". Home ownership will at best stall, if not decline. The home equity based economy is over.