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youngman442002

youngman442002
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  • Pre-Paid Legal Services (PPD): A pyramid in collapse?  [View news story]
    Right now in Colorado the Trial lawyers are trying to increase the amouts they can win in Medical Malpractice suits......just what we need is higher insurance premiums for doctors when medical costs are now going thru the roof.....Tort reform has to be a part of any Health care remodel...but it won't..because trial lawyers are big donaters to the Democratic party..remember the pretty hair boy VP candidate
    Apr 23, 2009. 11:31 AM | 1 Like Like |Link to Comment
  • Japan will chop its official GDP estimate to -3.3%, from flat, a Cabinet official says. The figure would be a record decline, and comes despite the government's ¥15.4T stimulus package. Meanwhile, Daiwa estimates Japan's economy shrank a record 15.7% last quarter. (ETF: EWJ)  [View news story]
    It was to them...
    Apr 23, 2009. 11:03 AM | 1 Like Like |Link to Comment
  • Japan will chop its official GDP estimate to -3.3%, from flat, a Cabinet official says. The figure would be a record decline, and comes despite the government's ¥15.4T stimulus package. Meanwhile, Daiwa estimates Japan's economy shrank a record 15.7% last quarter. (ETF: EWJ)  [View news story]
    Now that is a very big revision/correction...... For an exporting country...that is not good for Japan
    Apr 23, 2009. 10:36 AM | 1 Like Like |Link to Comment
  • A long-time bear says U.S. housing might actually be a bargain: "Historically cheap long-term fixed-rate financing and the prospect of some nasty inflation a year or two out, both courtesy of current... policies, make owning a real asset that is debt financed a lot more attractive than would have been the case just three or six months ago."  [View news story]
    I agree with this strategy...get as big and as long a loan as you can because you will be able to pay it back with much cheaper dollars....much cheaper....these low interest rates are not natural market rates....they are man made...Fake Fed rates if you must...get them while you can because they will soon dissapear.....then what will happen to the housing inventory with higher rates....not much....with housing construction..not much...and the recession goes on as it should have
    Apr 22, 2009. 02:43 PM | 2 Likes Like |Link to Comment
  • It's hard to ignore the irony in the fact that Morgan Stanley's (MS) Q1 miss was largely driven by an improvement in its credit-worthiness. More from Curious Capitalist.  [View news story]
    But what was interesting to me was how they knew they had bad stuff...tried to hedge around it..tried to keep it quiet....to me that shows that they knew what they were doing when they were buying and selling this crap...it almost sounded illegal...
    Apr 22, 2009. 01:58 PM | Likes Like |Link to Comment
  • So here we are, political circus maximus. But the question remains... inflation or deflation?  [View news story]
    Depends on what you are talking about...oil, housing, lumber....deflation...... ammo, healthcare...inflation
    Apr 22, 2009. 01:56 PM | Likes Like |Link to Comment
  • "King Barack's" attempt to rescue carmakers is becoming a royal pain.  [View news story]
    GM just said it was not going to make its Bond payment...... I heard on Bloomberg radio...let the blood lettting begin
    Apr 22, 2009. 12:31 PM | Likes Like |Link to Comment
  • Perhaps unsurprisingly, student loan defaults are skyrocketing as rising tuition costs clash with a weak job market.  [View news story]
    I am curious what you studied in College and where you went..and what degree you ended up with
    Apr 22, 2009. 11:57 AM | 2 Likes Like |Link to Comment
  • Perhaps unsurprisingly, student loan defaults are skyrocketing as rising tuition costs clash with a weak job market.  [View news story]
    There seems to be two economies out there right now...oil and gas inventories up big...UPS shipping down big...exports down...employmnet down..tax revenues down big.....but banks are up????????? Geithner says AOK... I smell something fishy....anyone else
    Apr 22, 2009. 11:23 AM | 5 Likes Like |Link to Comment
  • Pres. Obama's $787B stimulus package "missed an opportunity to correct past underinvestment in U.S. infrastructure," Caterpillar (CAT) says in a Q&A tacked on to its Q1 earnings report. It's harsh criticism, considering CEO Jim Owens is a member of the president's Economic Recovery Advisory Board.  [View news story]
    This is exactly why this country is going to default..everyone has a special need they want to help their little world out...and no one has the kahoonies to JUST SAY NO ....so we spend money we don't have.....and at some point its going to all blow up...when I do not know...but I would not be buying any treasuries....
    Apr 21, 2009. 02:37 PM | Likes Like |Link to Comment
  • The vast majority of U.S. banks have more than enough capital, Geithner tells Congress this morning. Of course, considering the damage just a few illiquid financial institutions (Citigroup, Lehman, AIG) have wraught, it's not clear that "vast majority" is all that comforting.  [View news story]
    I think it was the day before yesterday when the 16 out of 19 rumore was out that he said he had not seen any results......now he knows....wow...I believe him..
    Apr 21, 2009. 02:28 PM | Likes Like |Link to Comment
  • Your credit's no good here: "U.S. banks need to stop the charade, ignore the political and public pressure and admit they're not lending," David Wiedner writes. "It's not because they don't want to, but because it's bad business."  [View news story]
    What is the "NORMAL" we are trying to get back to? Is it what the last five years was..or is the new Normal is much lower level of debt and a much tougher requirements to get a loan in the first place. It sounds like the Government wants the easy money scheme while the Banks and the people want the tougher and more realistic.....and what the Government hasn't figured out yet is that all that excess easy money has to be paid off, written off, expensed or forgotton...
    Apr 21, 2009. 02:27 PM | 1 Like Like |Link to Comment
  • Even the world's oldest profession is resorting to rebates and gimmicks.  [View news story]
    I am getting Screwed enough by my Government..who needs this????? LOL
    Apr 21, 2009. 12:42 PM | 1 Like Like |Link to Comment
  • So did Chrysler executives really refuse TARP money over fears of a pay cut? Or were they worried government-imposed compensation limits would scare off Fiat? Or is the explosive accusation a targeted leak by an administration frustrated by having to negotiate with unwilling partners? (Megan McArdle)  [View news story]
    If I was GM I would move to China....and build for the rest of the world...Chrysler has an opportunity to be the electric car champions....if they want to...they are a niche player and build a cool car...Ford will survive too...but not all three...and that is the question
    Apr 21, 2009. 10:23 AM | Likes Like |Link to Comment
  • New York Times (NYT): Q1 EPS of -$0.34 misses by $0.28. Revenue of $609M (-18.5%) vs. $631M. (PR)  [View news story]
    See ya..the Communist newspaper is failing....but are they to big to fail....how will the Obama get re-elected if he does not have the NYT to speak the truth for him....so much for propaganda
    Apr 21, 2009. 09:30 AM | Likes Like |Link to Comment
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