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youngman442002

youngman442002
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  • The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.”  [View news story]
    I think he already wants to do the 14th amendment deal...it will make him look strong...he thinks...a leader..take control of the reins so to speak...grab the football...but I hope he gets impeached for it...thrown out...I want to see his priorities too about what he would pay and not pay....he has already called the banks secretly and told them they are safe....I think people need to know what his true colors are...red baby...this mans reeks of socialism
    Jul 26 06:54 PM | 13 Likes Like |Link to Comment
  • What Are the Chances of a Muni Doomsday? [View article]
    Raise taxes and the productive people will leave...think Detroit..and look at the current census....where are the people moving to....States will low taxes...Red states...consertative states...they have to cut pensions..and cut spending...look at any city and state budget and there are thousands of programs that can be cut...Arts is one that comes to mind..thousands..it just takes the kahoonies to do it..and you pensioners...if you don´t adjust..you WILL lose everything...the rest of us had to...
    Dec 23 08:40 AM | 13 Likes Like |Link to Comment
  • Litigation funder adds fuel to BP lawsuit fire [View news story]
    disgusting....it really is....Lawyers suck
    Dec 3 03:28 PM | 12 Likes Like |Link to Comment
  • More on gold (previous): The sell side is bailing fast. Deutsche Bank cuts metals forecasts across the board, including gold and silver (SLV), citing the slowdown in China and the turn in the U.S. interest rate cycle. Reading the same newspapers, Credit Suisse follows suit. Having already slashed gold, Goldman moves on to copper (JJC), lowering both its near-term and longer-term outlooks on China growth worries. [View news story]
    nothing has changed in the real world....the financial "markets" are a joke...
    Jun 25 07:54 AM | 12 Likes Like |Link to Comment
  • Gold: A Bad Investment and Getting Worse Part I [View article]
    If you think the politicians are going to reduce spending....read again....and if you think QE III and IV not happening...read again...inflation is here big...interest rates going up....muni´s and treasuries failing...this economy is a thumbs down for me..not a thumbs up.....
    Jan 18 11:53 AM | 12 Likes Like |Link to Comment
  • Facebook (FB -4.9%) continues its strategy of creating a bunch of new ad options and seeing what sticks. The company's latest idea is to allow businesses to target potential customers based on e-mail addresses, phone numbers, and user IDs already in their possession. Millions of businesses have set up Facebook pages to promote themselves, but getting them to buy ads hasn't always been easy. (new ad formats: I, II, III, IV) (price target cuts: I, II[View news story]
    Don´t you just love this private information given out to companies so they can try to sell you something....bad business model...they will be gone in 3 years
    Aug 31 02:08 PM | 11 Likes Like |Link to Comment
  • Moody's warns that it would expect to place the U.S. sovereign credit rating on review for a possible downgrade if the government fails to increase its debt limit: "If the debt limit is raised and default avoided, the Aaa rating will be maintained. However, the rating outlook will depend on the outcome of negotiations on deficit reduction."  [View news story]
    This statement by Moody's is absurd...its political fodder for the President...since when does spending more money you do not have KEEP your rating...what a joke Moodys has become...I agree..lets just give everyone a million then...printing is no problem to Moodys....You can bet Moodys will be qick to downgrade after the crash...they usually show up 2 months later....
    Jun 2 02:16 PM | 11 Likes Like |Link to Comment
  • Detroit's despair: Population has plunged 25% in a decade to hit a 100-year low; vacant housing units now comprise 20% of the city's housing stock. The no. 1 reason, IBD says: the United Auto Workers union. As long as total full-time pay and benefits for a Big Three factory worker stay near $140,000/year, Detroit will continue its descent.  [View news story]
    A woman on Bloomberg today was talking about all the great tech jobs in Detroit...new green car stuff...said they needed to hire more workers than graduate from the Detroit schools.....LOL...that is because 85% don´t graduate.....lol....what a use of a stat...
    Mar 24 06:44 PM | 11 Likes Like |Link to Comment
  • The Lunacy Surrounding AIG's Stock Price [View article]
    shenanigans..that is exactly what the Federal government is doing....they with Goldman Sachs and all the other banks they own are now fluffing up AIG so they can sell out .....its a scam...AIG is not worth what the stock price is..is GS computer making it go up and up to make Obama look good....we don´t know anything about what AIG still has but we do know what people will pay for some of the divisions..and it is nowhere near enough to pay back the government...
    Aug 28 07:20 AM | 11 Likes Like |Link to Comment
  • Goldman Sachs: Thoughts on the Developing Stolen Trade Secrets Scandal [View article]
    Goldman Sachs owns the government...thats all...turn out the lights
    Jul 7 10:27 AM | 11 Likes Like |Link to Comment
  • Contrary to what the Presidential candidates have been saying, Cornell's Robert Frank says, "the nation doesn’t actually face difficult economic choices." Inter alia, Frank advocates spending money to repair crumbling infrastructure and so create jobs, and "replacing the current income tax with a more steeply progressive consumption tax, making big-ticket spending much more expensive." [View news story]
    Remember the luxury tax of 20 years ago....it put millions out of work....Planes, boats, and cars...good job lefties...nothing in this guys head about cutting expenses...his ideas are about government doing it all ...just how to pay for it....and the sad fact is we can´t pay for what we are doing today..let alone new programs
    Sep 23 08:11 AM | 10 Likes Like |Link to Comment
  • Gold will shine in coming months thanks to QE3, strategists say, with Deutsche Bank predicting $2,000 next year and BofA setting a $2,400 target price for 2014. BofA's pick includes a warning that "any abrupt spike in real interest rates that puts an end to the upcoming monetary easing cycle may drive investors out of gold and create substantial downside pressure on prices." [View news story]
    spike in interest rates...can´t happen..won´t happen...because then the USA will be broke...and the ratings will go to CCC-......and its all over....and if you are just chasing returns at that time..you are an idiot
    Sep 18 03:42 PM | 10 Likes Like |Link to Comment
  • Wisconsin Governor Scott Walker holds a narrow lead over Democrat challenger Tom Barrett in today's recall vote, which follows Walker's passing of legislation that stripped public employee unions of collective bargaining rights. A win for Walker could give encouragement to other states that want to do the same thing in order to rein in budgets.
     [View news story]
    This is Unions vs the rest of us....it is time to stop the madness and get rid of the unions...
    Jun 5 10:44 AM | 10 Likes Like |Link to Comment
  • The White House refuses to turn over documents House Republicans have subpoenaed related to bankrupt solar firm Solyndra, saying the "partisan" and "unnecessary" request would put an "unreasonable burden on the president's ability to meet his constitutional duties."  [View news story]
    Of course the MSM will jump all over this....its obvious he is guilty ...why hide things...like his personal history...and this....He is so protected by the press...but someday.They will turn on him....and he will be shown the light of day as to what he was and is...
    Nov 4 05:57 PM | 10 Likes Like |Link to Comment
  • David Kotok is happy to fade Meredith Whitney's bet against municipal debt. An improving economy has state and local revenues on the rise at the same time budgets are being cut, writes Kotok. "We're going to dig in our heels on the other side."  [View news story]
    QE II ends next month.....right.....that is half you economy
    May 13 10:26 AM | 10 Likes Like |Link to Comment
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