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bbro

bbro
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  • BofA Doesn't Believe in Treating Borrowers Fairly [View article]
    "I’m pretty sure that no bank in the history of the world has ever made $40 billion in one year, and that no bank ever should, with the unique exception of the Federal Reserve."

    No bank ever should??? Then you must want the financial system
    controlled by the government. What happens when GDP is 17 bill
    20 bill, 25 bill?? You still would limit the amount they could make
    on the risk they take??? I am quite sure Mr Salmon shouldn't ever make
    over 50,000....how does that feel???
    Mar 10 03:15 AM | 11 Likes Like |Link to Comment
  • Paul Vigna skewers Jim Cramer as an "insufferable jackass": "He’ll never be honest with his viewers, because being honest apparently isn’t how you get viewers on CNBC... He knows stocks are overvalued. He knows stocks are rigged. But he still tells people to buy them."  [View news story]
    Psssst...the market is not overvalued....but keep believing it....OK??
    Mar 3 06:09 PM | 11 Likes Like |Link to Comment
  • "We are going into a recession, damn it!" says John Taylor of currency hedge fund FX Concepts, due to rate hikes coming as easy monetary policy ends. He foresees a 4%, 3%, 2%, 1% rate of annualized GDP growth by quarter. U.S. stocks will continue rising for another few months, at which point the "coming recession" will take over, he says (video).  [View news story]
    Damn it!!!
    Mar 3 03:09 PM | 11 Likes Like |Link to Comment
  • Sen. Rand Paul (R, Ky.) admits his recently introduced budget-cut legislation may seem extreme to some, but he sees axing $500B in spending in a single year as 'a necessary first step toward ending our fiscal crisis.' (Read Paul's WSJ op-ed)  [View news story]
    As long as entitlements are off the table....Rand Paul is just
    another politician....58% of the people over 65 in Kentucky,,,voted for Rand Paul...
    he is just protecting his constituency...Kentucky recieves 1.51 for every dollar it pays in taxes....to put it bluntly...Rand Paul is a fraud....
    Feb 7 11:47 AM | 11 Likes Like |Link to Comment
  • How the U.S. Economy Has Been Tanking for 60 Years [View article]
    "There has been no actual positive GDP growth during the entire period from 1953 onward, until the fourth quarter of 2009, and since 1980 the true GDP numbers, when one looks at output (not what one pulls forward via debt), have been hideously bad."

    loopy.....
    Jan 21 12:58 PM | 11 Likes Like |Link to Comment
  • Does Bank of America Need Another Bailout? [View article]
    Why would BAC "s 10 year spread tighten if it was in need of a bailout???
    Nov 5 01:09 PM | 11 Likes Like |Link to Comment
  • The Fireworks Are About to Start [View article]
    “sudden and dramatic drop in U.S. home prices” with a 5.9% decline over the last two months, a level not seen since March, 2009,”

    Radar Logic is at 194.86.....it was 198.70 a year ago so...a 1.93%
    decline year over year....2 months ago it was 197.17....a 1.17% decline...
    Oct 24 05:47 AM | 11 Likes Like |Link to Comment
  • Mortgage-Title Fraud: A National Catastrophe [View article]
    GOLD>>>>
    Oct 8 06:15 AM | 11 Likes Like |Link to Comment
  • Poor stock performance and sentiment combined with attractively priced equities means we may be in a contrarian's dream scenario; does that mean it's time to get in?  [View news story]
    "everything is basically priced to perfection"

    S&P 500 TTM GAAP Earnings Yield today...5.96%
    Moody's BAA Yield 5.76%

    Hardly priced to perfection..TTM means trailing...there are 2 pretty
    nasty quarters incorporated in those numbers which could be surpassed easily in upcoming current quarter and 4th quarter plus
    using GAAP accounting means you are including a lot of stuff you
    aren't going to see again,,,,
    Sep 18 09:39 AM | 11 Likes Like |Link to Comment
  • Double-Dip Recession Signs Materializing [View article]
    "The greatest signs of a double-dip recession were seen in the real estate market this week."

    Residential Investment is now 2.4% of nominal GDP.....20 year
    average is 4.3%......peak was 6.3% in the fourth qtr 2005
    Jun 28 10:32 AM | 11 Likes Like |Link to Comment
  • The Coming Option ARM Crisis [View article]
    Old really old news....
    Jun 2 07:18 PM | 11 Likes Like |Link to Comment
  • Recent ADP job gains revised lower, but others pushed higher [View news story]
    The cellphone was nowhere to be seen in the 1980's..in September 1983
    1 million jobs were created...GDP per employee was 36,000...today it is 118,000 per employee...2 completely different worlds....

    P.S. Political focus takes an investor off his game....
    Mar 5 08:57 AM | 10 Likes Like |Link to Comment
  • Scary chart draws parallels with 1929 [View news story]
    "hardwired tendency of the human brain to see patterns where none exist".....especially if
    you are a doom and gloomer....tends to be a daily exercise
    Feb 11 10:10 AM | 10 Likes Like |Link to Comment
  • Is The Gold Market Manipulated? Part 1: Introduction And The London Gold Pool [View article]
    Gold devotees seeing a conspiracy....how unusual....
    Nov 24 07:40 AM | 10 Likes Like |Link to Comment
  • U.S. Dollar Down 99% Against Gold Since Great Depression [View article]
    "In 1933, an ounce of gold would have cost you just over $20. In 2011 -- 78 years later (less than a human lifetime) -- it would have cost you just under $2,000."


    $20 invested in Fidelity Fund on April 30,1930 who would be worth
    $47,402.....the number would be much higher if invested in 1933
    Apr 18 07:03 PM | 10 Likes Like |Link to Comment
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