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youngman442002

youngman442002
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  • Dubai World is reportedly getting ready to sell some prized assets, including ports firm DP World, in order to raise as much as $19.4B to repay creditors, and its debt stands at $39.9B, much higher than the widely expected mid-$20B range.  [View news story]
    20 - 39.9......that is MUCH higher.....is that all???? Probably not...
    Aug 26, 2010. 07:31 AM | Likes Like |Link to Comment
  • Teenagers are allowed to drive, vote and parent, but their financial illiteracy is killing us, Brett Nelson writes. Schools need to start teaching assets and liabilities, because "if the U.S. aims to compete - for anything - on a global scale, its populace has to be financially literate. And it isn’t. Not even close."  [View news story]
    I agree...... but it will never happen...I suppose English first and Math second...but a finance class and even a business class would be great..but it will NEVER happen....keep em dumb and feed them propaganda....its the third world way...
    Aug 25, 2010. 06:02 PM | 8 Likes Like |Link to Comment
  • Government defaults are "inevitable," a Morgan Stanley (MS) analysis says, given the burden of aging populations and the difficulty of securing more tax revenue. “The question is not whether [governments] will renege on their promises, but rather upon which of their promises they will renege, and what form this default will take.”  [View news story]
    Imagtek....You are the reason why this country is tanking....its your attitude that someone else should pay for you....they have money..I don´t and I want it...you are the reason I have left the country..and I wll never pay an extra cent of taxes to subsidize your kind....I personally hope you do go though a Depression where you are actually starving....it will teach you what is real important in life...and those people with money will still work hard in the Depressions and will survive....they work hard now...you on the other hand will sit on the streetcorner waiting for your government handout....there is no middle ground between you and me...its black and white..no gray area...you are a socialist...I am a capitalist...I produce..you consume...I don´t know where you went to school or what you do..but I think you need to open your mind and educate yourself....work is hard..but it is very rewarding...money is one of the rewards...only one...its taking an idea you have and making something of it....you have no ideas...only hatred for "them".....your comment is incredible..just incredible...
    Aug 25, 2010. 04:28 PM | 1 Like Like |Link to Comment
  • Government defaults are "inevitable," a Morgan Stanley (MS) analysis says, given the burden of aging populations and the difficulty of securing more tax revenue. “The question is not whether [governments] will renege on their promises, but rather upon which of their promises they will renege, and what form this default will take.”  [View news story]
    Exactly..do you think there will be any politics involved...like will the union pensions that hold bonds be targeted by Obama as the ones to take the hit...not......how about the banksters..not..it will be the lowly individual that has them in his 401k...or mutual fund....it will be targeted to people or corporations that the Democrats do not like.....I mention the current regime because I think they will soon start playing this game.....and where are the rating agencies....in Ireland....oh yeah...
    Aug 25, 2010. 03:33 PM | 2 Likes Like |Link to Comment
  • EIA Petroleum Inventories: Crude +4.11M vs. consensus of -0.20M. Gasoline +2.27M vs. consensus of -0.50M. Distillates +1.76M vs. consensus of +0.90M. Futures -0.7% to $71.10.  [View news story]
    Thats Diesel also...right.
    Aug 25, 2010. 02:51 PM | Likes Like |Link to Comment
  • EIA Petroleum Inventories: Crude +4.11M vs. consensus of -0.20M. Gasoline +2.27M vs. consensus of -0.50M. Distillates +1.76M vs. consensus of +0.90M. Futures -0.7% to $71.10.  [View news story]
    all three are up.....hmmm..no one is driving as much....a pretty good indicator.....
    Aug 25, 2010. 10:50 AM | 2 Likes Like |Link to Comment
  • Jun. FHFA Housing Price Index: -0.3% month-on-month, vs. +0.4% (revised from +0.5%) in May. Year-on-year, price is -1.6%.  [View news story]
    at the end of this 20% of houses will be junk...falling apart...need to demolished.....cheap construction left vacant for 3-5 years...they will fall apart
    Aug 25, 2010. 10:26 AM | Likes Like |Link to Comment
  • Jul. New Home Sales: -12.4% to 276K vs. 333K expected, 315K (revised from 330K) prior. Months' supply 9.1 vs. 7.6 prior. Median price $204,000.  [View news story]
    Its bad if you are a homebuilder.....you be out of a job..new round of cuts
    Aug 25, 2010. 10:11 AM | 3 Likes Like |Link to Comment
  • Dell (DELL) is late to the smartphone market with its Aero, and the handset offers nothing that competitors - AAPL, RIMM, NOK - don't already offer, so 24/7's Doug McIntyre wonders why Dell launched it at all. "Dell should stick to its core PC and server products, improve their functions, features and design... Any other business is merely a distraction."  [View news story]
    I agree....big key pad...for me...a nice carry case...lets me know who is calling...and lots of bling
    Aug 25, 2010. 10:07 AM | Likes Like |Link to Comment
  • Most European indexes are down again, as S&P's downgrade of Ireland overshadows strong demand from Portugal's bond auction and a surprising increase in Germany's business sentiment. CAC 40 -1.5%, FTSE -1.2%, DAX -0.9%. Euro +0.1% vs. dollar.  [View news story]
    and another thing....the author just has to ask that question..who is buying it....now that would be a great read....but they just report what is given to them....no investigating journalism here....
    Aug 25, 2010. 09:22 AM | Likes Like |Link to Comment
  • Most European indexes are down again, as S&P's downgrade of Ireland overshadows strong demand from Portugal's bond auction and a surprising increase in Germany's business sentiment. CAC 40 -1.5%, FTSE -1.2%, DAX -0.9%. Euro +0.1% vs. dollar.  [View news story]
    Yes its the banks that own the bad stuff buying the new stuff so the bad stuff doesn´t tank.....how long this can go on....no one knows..but its fun to watch....LOL
    Aug 25, 2010. 09:21 AM | Likes Like |Link to Comment
  • Jul. Durable Goods: +0.3% vs. +2.8% expected, -0.1% prior (revised from -1.2%). Ex-transport -3.8% vs. +0.2% prior (revised from -0.6%).  [View news story]
    so much for the economy...credit cards down too...people are locking up....that is good....that is how we will heal..pay off our debt....the problem is the Government wants to ruin that with spending....
    Aug 25, 2010. 09:02 AM | 1 Like Like |Link to Comment
  • It looks like it's lose-lose for deepwater drillers, as the White House may agree to end its drilling moratorium early while backing legislation that could delay the resumption of operations until mid-2011.  [View news story]
    Obama does not like oi, gas, and coal for that matter..he want to shut them all down...Its his long term strategy.....its his green thing you know..yes they will move to Brazil....and we will be importing more and more ......and remember how he wanted to double exports....his imorts are going to triple.....we are in deep do do folks....A downgrade of Ireland....what about US...
    Aug 25, 2010. 08:59 AM | 3 Likes Like |Link to Comment
  • S&P cuts Ireland's long-term credit rating one notch to AA-, and assigns the country a negative outlook, after the cost to the government of supporting the financial sector increased significantly. S&P now expects the Irish banking sector will need €90B of support vs. €80B prior estimate.  [View news story]
    When are they going to find the time to look at the USA rating...they must be way to busy to look are our books and see if our AAA rating is still a good one....LOL..what a joke these rating agencies are...
    Aug 25, 2010. 08:03 AM | Likes Like |Link to Comment
  • Despite the collapse in home sales, the drop moderates in the higher price ranges, Diana Olick observes. "The buyers who left the market in the latest round are typical first-time buyers, but people who continue to stay in the market [are] people... buying higher-priced homes."  [View news story]
    They need to start raising rates to get the ball rolling I think..when people see rates going up..they will start to buy...IMHO...
    Aug 24, 2010. 03:56 PM | 2 Likes Like |Link to Comment
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