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youngman442002

youngman442002
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  • Fitch's David Riley calls on the ECB to redouble its efforts at buying troubled EU sovereign debt or else risk a "cataclysmic" collapse of the euro. He also would have the EFSF turned into a bank so it could borrow from the central bank window, rather than going to the market (which is mostly sitting on its wallet).  [View news story]
    So a ratings agency says to print money...to save the EURO...if you spend more money and go deeper into debt..you save your rating...but if you cut expenses..you are in trouble....wow...the new math....I failed that class.....got gold
    Jan 11 08:06 AM | 7 Likes Like |Link to Comment
  • Data on sales of previously owned U.S. homes from 2007 through October this year is likely to be revised down next week due to double counting, according to the National Association of Realtors. Many properties were listed more than once, the association says, and some new home sales were also captured in the data. Earlier this year, CoreLogic accused the association of of overstating results by as much as 20%. The bottom line - sales have been even weaker than previously thought.  [View news story]
    the head guy if you followed his advice....which is buy buy buy and make my Realtors commissions damit...you would be broke..
    Dec 13 07:57 PM | 7 Likes Like |Link to Comment
  • The economy is confused, and so is the American public, of which 30% feel favorably toward Bernanke, 26% feel unfavorably, and 44% don't know what to think. Says one strategist: "It’s a reflection of the fact that most Americans still don’t feel the economy is in recovery. If a team is doing poorly, the quarterback gets a disproportionate share of the blame."  [View news story]
    I bet 80% of the public do not know who Bernanke is or what he does....and that is a fact
    Jun 24 09:54 AM | 7 Likes Like |Link to Comment
  • With all due respect to President Obama's weekly address, it's the ultra-weak dollar that's led to spikes in commodity prices including oil and gold - not the evil speculators: "The plan to spend America out of the downturn is making a mockery of the country's 'strong dollar' policy," and causing faith in 'fiat money' to crumble, Gary White writes.  [View news story]
    Sounds like Chavez always blaming everything on the USA....there needs to be a boogie man to make Obama look good.....I am waiting for the childkiller headline today about Libya.....you will never see it...but you would if it was Bush....sad but true..
    May 1 08:07 AM | 7 Likes Like |Link to Comment
  • Initial Jobless Claims: +27K to 412K vs. 385K consensus. Continuing claims -58K to 3,680,000.  [View news story]
    This statistic is useless....it is ignored now..its been so high for so long..no one cares....but just think...another 400,000 this week alone....and if they have a MONTHLY jobs number of over 200,000...they get so excited...
    Apr 14 08:43 AM | 7 Likes Like |Link to Comment
  • Research from Bloomberg New Energy Finance suggests large solar-panel projects may surge over the next two years - with prices competitive with coal, and dropping by 50% to $1.45/watt to build by 2020. "We are already in this phase change and are very close to grid parity," says one CEO.  [View news story]
    they are not competitive with coal.....coal works 24/7/365...solar only when there is sun....these headlines have to stop by the greenies or at least give us options of what we want to buy for our energy..if you only want solar ..you can buy it...if coal or nuclear is ok with you ..you can buy that..if you want it all..then check that box....imho
    Apr 6 11:31 AM | 7 Likes Like |Link to Comment
  • Sources say the country's top five mortgage servicers are being roped into 'cash for keys' foreclosure talks, with regulators privately pushing the idea that delinquent borrowers be paid up to $21K each as an incentive to leave their homes.  [View news story]
    lets see..you are underwater in your mortgage...and you are paying now...but you see this headline...and you want to move but you can´t because you are underwater on your mortgage....so voila..you default and ask for the $21,000....lol....what a government program....millions of more house will become foreclosed on.....trillions more in debt we go...and yes..do the right thing..and you get screwed...cheat and steal...and they pay you more...the new American Way.....its over folks for the USA...get out while you can
    Mar 25 09:16 AM | 7 Likes Like |Link to Comment
  • Obama's proposed 2012 budget includes a 28% increase in funding for the SEC, setting up a showdown with Republicans who want to slash the agency's spending. The SEC would be exempt from Obama's proposed freeze on most discretionary spending. Mary Schapiro has maintained that her agency doesn't have enough money to do its job properly.  [View news story]
    It reminds me of school teachers...they do not teach our kids at all....but they always want more money to improve....
    Feb 14 03:07 PM | 7 Likes Like |Link to Comment
  • The amount paid to service the U.S. national debt is poised to triple to $554B in 2015, according to Obama's proposed budgets. Debt service costs will climb to 82% of the projected budget, vs. ~12% in last year’s deficit. “It’s a slow train wreck coming and we all know it’s going to happen," an interest rate analyst says.  [View news story]
    He uses very high GDP numbers in the outlying years...his freezes are on the already high increases he gave every agency last year..come on people can we see what a joke this is now..or do we just keep kicking the can down the road...I know the answer..I am 100% into gold and silver...out of the USA
    Feb 14 10:52 AM | 7 Likes Like |Link to Comment
  • "I think we have reached our limit," Dallas Fed's Richard Fisher says of the Fed's asset purchase program in a New York speech. He's wary of further expanding the balance sheet and called on the new Congress and the White House for fiscal and regulatory reform, saying the government branches are "unaware of, if not outright opposed to, what fires the entrepreneurial spirit."  [View news story]
    They are packing up and leaving the country....to less regulated countries...
    Jan 12 01:30 PM | 7 Likes Like |Link to Comment
  • John Boehner takes the gavel from Nancy Pelosi as Speaker of the House, but now it's time to govern, and Republicans are already forced to scale back plans for deep spending cuts. When House leaders said highway and mass-transit programs shouldn't be shielded from cuts, they immediately drew fire from states, the construction industry and the Chamber of Commerce.  [View news story]
    First thing I would do is arrest Pelosi...for treason
    Jan 5 02:54 PM | 7 Likes Like |Link to Comment
  • Meredith Whitney's fear of "50-100 sizable defaults" of municipalities doesn't dissuade Gary Kaminsky from seeing municipal bonds as a "buying opportunity." Even if Whitney is correct, the muni market is measured in trillions, not billions, so those defaults would represent just a sliver of the overall market. Also: "if Citigroup is too big to fail, logic would dictate that so too is the state of California."  [View news story]
    "if Citigroup is too big to fail, logic would dictate that so too is the state of California."

    and that folks is the problem...people think this way...rather than cut spending....its the federal government to the rescue....this will destroy our country...
    Dec 21 10:14 AM | 7 Likes Like |Link to Comment
  • Bernanke's Short-Term Plans Are a Long-Term Disaster [View article]
    I am with you on this...there is nothing out there to show me how we are ever going to pay debts....our economy cannot ever grow big enough to cover the debts.....and we are adding entitlements every day....how is going to end....I don´t know...when.....sooner rather than later I think....and I think it will happen fast....over a weekend...
    Dec 12 08:33 AM | 7 Likes Like |Link to Comment
  • It's a nonbinding vote (so far), but House Democrats have come together to reject the tax-cut deal as written - though nobody seems to think that's a deal-killer as legislators expect to slog toward some kind of compromise.  [View news story]
    I kind of hope it does not pass....lets crash this government and get it over with..the sooner the better..its a train wreck now..and it will destroy more people the longer they get to play their Keynesian games
    Dec 9 12:03 PM | 7 Likes Like |Link to Comment
  • David Stockman doesn't mince words: "Today the Fed is scared to death that the boys and girls and robots on Wall Street are going to have a hissy fit. [Its programs are] designed to somehow pacify the stock market, [fooling] the people into thinking they are wealthier... The Fed is injecting high-grade monetary heroin into the financial system of the world, and one of these days it is going to kill the patient."  [View news story]
    I'll take the precious metals..not the paper stocks..they can and will issue more...and the government can regulate and tax them....windfall profits comes to mind....this is going to get ugly....food up 30% next year...and the whole world mad at us.....
    Nov 4 06:43 PM | 7 Likes Like |Link to Comment
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