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  • Why a Market Crash Doesn’t Matter [View article]
    our parents never invested in the stock market, they just saved their money in a bank account that paid them interest ! when they put a dollar away in an account for their retirement whether it was a bank savings account or a certificate of deposit, they went back for their savings 20 years later & it was safe and had grown in value. something bad has been going on in this UNITED STATES the past 20 years, all about scamming and skimming money from this huge boomer population & it all was to benefit "financial firms". The financial sector must contract & become less influential & controlling. IT'S OVER........ whatever rotten policies coming out of WALL ST. & WASHINGTON are over in the mind of the boomer generation. We all know we've been scammed. Let's just go back to reality, when a bank was a place where WE earned the interest, instead of a bank now being a vehicle to rape fees from their customers. Now I understand the term, "banksters" . Too bad our kids don't remember the days of "earning interest on your bank savings acccount" . Sincerely ...............
    Nov 22 11:17 AM | 26 Likes Like |Link to Comment
  • Zuckerman on Paulson: The All-Time Greatest Trade? [View article]
    I also noticed the typos immediately. Hope the author will go through his article and update it. I was distracted from the article's content. Sincerely ............

    On Nov 10 04:28 PM woollyB wrote:

    > Hope the book has fewer typos than your excerpt.
    Nov 14 05:54 AM | 2 Likes Like |Link to Comment
  • Is FDIC's Sheila Bair Starting to Get It? [View article]
    How correct you are...... DO NOT UNDERESTIMATE them. Woe be to the American people who are not paying attention.

    On Oct 29 02:33 PM optionsgirl wrote:

    > Dear Peter: Obama read the consitution. He taught constitutional
    > law, did he not? It is not ignorance, it is deliberate deconstruction.
    > Don't underestimate him.
    Oct 29 06:11 PM | 1 Like Like |Link to Comment
  • Robert Prechter of Elliot Wave Sticking by His Bearish Bets [View article]
    We all know that it is coming, it's just a matter of time. It's coming & the government is deliberately keeping the American People in the dark. Three months, six months, two years, who knows. This is the story of our lifetime. What about our children ?
    Oct 5 05:32 PM | 6 Likes Like |Link to Comment
  • The Link Between Bankruptcies and Health Care Reform [View article]
    O.M.G. ............... thanks for the eye-opener ..........Here in Michigan we're just all unemployed with no hope left ! Our new philosophy is : There is nothing we want & there is nothing we need (except food) .

    On Oct 03 10:15 AM cyndikus wrote:

    > What I see in California regarding foreO.closures and bankruptcy has
    > very little to do with healthcare. People bought houses they couldn't
    > afford with little to no documentation based on Congress' decision
    > to provide housing for the poor. San Diego ACORN had a deal with
    > Citibank to get illegal aliens housing and entire new neighborhoods
    > were developed. These houses were priced in the $400,000 and up range.
    > These neigborhoods have 50% default rates and the owners are living
    > in them for free because banks won't forclose so they don't have
    > to put the loss on their books. I don't think the rest of the US
    > quit gets what happened here and in other key growth areas. Once
    > the house had a little equity because the prices were flying high,
    > these individuals took out all of the equity to buy toys and other
    > trappings of consumer delight. Now that the economy is broken from
    > this theft, we are going to give them all healthcare. You know in
    > this day and age it almost makes sense, but make no mistake, this
    > great country is on it's last leg because of the spending.
    Oct 3 10:41 PM | 1 Like Like |Link to Comment
  • Deflation: U.S. Government Will Do Everything to Make Sure it Doesn't Happen [View article]
    yup, this is a 20 - year cycle. it's over for the boomers. the next time we see prosperity we will be too old to really partake of it. All I see ahead of me is trials & tribulations.
    Oct 3 09:34 AM | 2 Likes Like |Link to Comment
  • Why Banking Is Insolvent [View article]
    that is an outright cruel & unkind comment. Mr. Denninger deserves respectful comments for his articles & opinions. What did our Moms teach us ? ........ "if you can't say anything nice, don't say anything at all."

    On Sep 29 03:12 PM User 140544 wrote:

    > you need to check yourself into a mental hospital.
    > or have someone teach you the math on mortgage
    > finance and cure rates.
    Sep 29 03:15 PM | 9 Likes Like |Link to Comment
  • Why Banking Is Insolvent [View article]
    thanks, Karl, for another great article. I always enjoy what you produce & appreciate your viewpoint. I am one of those homeowners who owns their home outright, but, now my pension is being cut & am afraid of not being able to support my home ! I can barely afford the bare minimum of life, property taxes, condo association fees, utilities which I keep to a minimum & food & auto expenses !!! I'm afraid of what's going to become of me & I own my home outright !
    Sep 29 03:12 PM | 4 Likes Like |Link to Comment
  • Central Banks: More Harm than Good? [View article]
    ..... another great article from one of my favorites, Mr. Kim. Sincerely ..........
    Sep 24 06:02 PM | 5 Likes Like |Link to Comment
    It is because of articles like this that I just love this website. I read this article and really got an education ..........I especially liked the very last quote by THOMAS JEFFERSON. Michael, thank you for this history lesson, I got a much needed education. The older I get, the more I learn. Sincerely...........
    Sep 16 11:47 AM | Likes Like |Link to Comment
  • Are Best Buy's Earnings a Warning? [View article]
    ...."business appears to have gone elsewhere - or, worse, it just disappeared!" .....that's what happens with so many of our young people deep in debt on credit cards ! In my day we weren't even allowed credit cards until you were well-established. Banks targeted our young people as a source of never-ending interest payments & fees. BEST BUY is one of those stores that just irritated the heck out of me .........selling worthless stuff that drainied the wallets of our young people AND put them in debt with the credit cards.
    Sep 15 10:08 AM | 5 Likes Like |Link to Comment
  • How Obama's Multifarious Plans Threaten the Economy [View article]
    And, why isn't this said on television ? Exactly how will Goldman Sachs be profiting from carbon credit trading ? And, that wonderful Al Gore, isn't he set to profit handsomely, too, from this mythical carbon credit trading? I'll go along with this carbon credit scam if CHINA & INDIA go along with it. It's just another scam to transfer money from the average American to those on Wall St. I'm speaking as one of the OLD people on this website ................ I'm damn sick of the whole scene.

    On Sep 15 06:21 AM Michael Clark wrote:

    > 1. Corporate reform
    > 2. Health care
    > These reforms are urgent.
    > Global warming is a false issue and needs to be discarded immediately.
    > If we want to be honest and say this is an issue simply about cleaning
    > up the enrionment, then it is an important issue, I agree. But this
    > fake 'global warming' moniker -- now apparently the Earth is cooling,
    > so we're calling it 'climate change'... Man cannot control the Earth's
    > climate. Man is smaller than the earth. The Earth evolves man. There
    > is no greater intellectual hubris than this 'global warming' idea.
    > If we no anything about Nature, we know that Nature is guided by
    > cycles. Nature gets cold, Nature gets hot; Nature gets dark, Nature
    > gets light. There are small patterns, Day and Night; there are larger
    > patterns, Summer and Winter. The Sun goes through a cycle in 25,000
    > + years. We don't know nearly enough to say what the Earth is supposed
    > to be and what form the Earth is supposed to take. It's an arrogant
    > assumption on our part. It may be that humanity will be wiped off
    > the Earth by a great heat or a great cooling. But life won't stop
    > probably, until its ready to stop. It's ludicrous to say that man
    > is causing global warming when every planet in the solar system is
    > experiencing global warming. It's more likely that the Sun has something
    > to do with it.
    > As far as Obama: he is not the Devil. He is not the great demonic
    > force hoping to turn America into Russia. Any more than FDR was.
    > And the Republicans only have themselves to blame. They caused this
    > crash with their insistence that business was responsible enough
    > to police itself, that greed would not get in the way, that self-interest
    > would be muted and national interest would supercede in a choice
    > between greed and self-destruction or lower profits and social responsibility.
    > Greed won out. Business has proven itself, again, to be incapable
    > of delivering an ethical restraint in the mad rush to line one's
    > pockets. That's why government has to police business, as much as
    > we'd like that to not be the case (I would like that also. I voted
    > for Reagan and the Bushes. But I see now that people motivate only
    > by money cannot change their stripes: their own pocketbook ALWAYS
    > comes first.)
    Sep 15 08:40 AM | 3 Likes Like |Link to Comment
  • The Coming Consequences of Banking Fraud [View article]
    UGLY ! It's going to be a heck of a lot worse than UGLY !!! I've already got my potato crop planted !

    On Sep 13 10:18 PM Nik Kondratieff wrote:

    > JSK, I'm sorry to say you've nailed it on the head.
    > With massive fissures opening up in the American polity because of
    > pernicious racism, when the curtain is pulled back and the financial
    > fraud exposed, it's going to get very ugly in the U.S.
    Sep 14 11:27 PM | Likes Like |Link to Comment
  • More Decline in Employer-Based Health Insurance [View article]
    ........... you can tell something is different, something is coming & it's not good............ I have heard it said that you won't even recognize this country in 20 years from now. Sincerely ...........
    Sep 12 08:01 PM | 2 Likes Like |Link to Comment
    ........ it's gonna be bad ......... I'm a very simple person ......... that's all I can say.
    Sep 12 09:58 AM | 1 Like Like |Link to Comment