Seeking Alpha


Send Message
View as an RSS Feed
View lower98th's Comments BY TICKER:
Latest  |  Highest rated
  • Are Consumers Paying Down Their Debt? [View article]
    And about credit cards? What kind of system has the consumer, whom we supposedly need, paying 25% interest while the Fed floats the credit card lender with 1% money. As much as 75% (een more) of a delinquent credit card debt balance is NOT what was originally charged by the consumer, but the accumulated interest, fees, penalties, etc.

    Can I get $240 if you spend $15?
    Credit card math: Rate raised without notice from 9% to 25%, immediately raising $800 balance owed by unaware holder to $1,000 limit (and triggering interest start at purchase, not 30 days). Daily Starbucks coffee for a week, $3.00 each, pushes balance "over limit." Over limit fee: $37.00 on each "event" (5 days). Amount spent: $15. Penalties and fees: $185. Interest owed: $40.

    And why is the consumer walking away from credit card debt?
    Sep 9, 2009. 06:38 AM | 4 Likes Like |Link to Comment
  • Wall Street Securitizing Life Insurance Policies. Seriously. [View article]
    Hey Wall Street:

    Wanna buy a slightly tattered IRA? 401K? With forced early retirement (that's not "unemployed," right?) and onerous penalties, maybe you could make me a deal.
    Sep 7, 2009. 07:49 AM | 2 Likes Like |Link to Comment
  • Wall Street Securitizing Life Insurance Policies. Seriously. [View article]
    Viatical settements are often part of the sale or demise of a small business, or the retirement of key or founding owners. These key man policies are often paid by the business or by heir policy owners, not the insured. When the policy is no longer needed to provide stability for a future business transition, the premium payer's needs change, the policies are cashed out or sold.

    So a play on retiring boomers, fewer small businesses, as well as the obvious: desperate retirees.
    Sep 7, 2009. 07:23 AM | 1 Like Like |Link to Comment
  • China Urges Citizens to Buy Gold and Silver [View article]
    Leave Shark alone. Someone has to provide bluster and cover for the Chinese to complete their covert operations.
    Sep 5, 2009. 07:41 AM | 4 Likes Like |Link to Comment
  • Scary Drop in Velocity of Money: Is Deflation Knocking? [View article]
    Please elaborate.

    On Sep 04 04:27 AM DaMamba wrote:

    > That is why i think the fed/government is incentivised to let the
    > markets crash.
    Sep 4, 2009. 06:33 PM | Likes Like |Link to Comment
  • CEO Pay and the Reverse Robin Hood [View article]
    What a bunch of bs. Owning stock gets you exactly NO voice. The "Tragedy of the Commons" perfected. We don't need to legislate salaries, we need to legislate stockholder rights, independent boards, accurate financial reporting, and enforce insider trading, market manipulation, monopoly, and other laws.

    But I do agree with you. We need to either grow a pair or shut up.

    On Sep 04 11:47 AM Wisdom vs. Information wrote:

    > if you think a CEO is overpaid, SELL THE STOCK OR DO NOT BUY THE
    > STOCK. if you do not own the stock, it is none of your business.
    > more legislation means less efficiency, lowering total economic utility,
    > period end of story.
    > the more legislation you pass, the stronger large business becomes
    > because they leverage lawyers and administrators more efficiently;
    > conversely, small business growth is inhibited-- intensifying large
    > business protection from competition.
    > the ultimate stupidity/ ignorance is that 'populist' legislation
    > like this is passed regularly around the world and the large companies
    > find ways around it. let's sum it up: legislation will not lower
    > compensation and small/medium business will be hurt. dumb
    Sep 4, 2009. 01:05 PM | 3 Likes Like |Link to Comment
  • CEO Pay and the Reverse Robin Hood [View article]
    There is a utopian theme, which is socialism by idealists.
    And then there is is corporatism, which is socialism by sociopaths
    Sep 4, 2009. 11:02 AM | 5 Likes Like |Link to Comment
  • Is a Crash Impending? [View article]
    I agree. This is why the "cash on the sidelines" argument is not robust. I am a third in equities, and will NEVER go more again. Can't afford to be out totally, but can have the bulk of my assets at the "mercy" of a rogue market structure.

    On Aug 31 07:50 PM Dialectical Materialist wrote:

    > I'm a third in cash, a third in silver, and a third in equities.
    > I have no clue what is going on anymore...
    Sep 4, 2009. 10:02 AM | Likes Like |Link to Comment
  • Are Budget Deficits Inflationary? [View article]
    In Dr. Waller's world:
    Did businesses succeed or fail based on government bailouts?
    Did the huge bulk of "printed money" fail to reach the real economy, going instead as a massive wealth transfer to an insulated elite?

    If so, then McTeer is right, and we are on track.
    Sep 4, 2009. 09:46 AM | Likes Like |Link to Comment
  • CEO Pay and the Reverse Robin Hood [View article]
    About bank CEO's. Doesn't everybody get that they are just Government Employees!

    By the way....according to real statistics: the Best and Brightest all went to Vet school.
    Sep 4, 2009. 07:31 AM | 3 Likes Like |Link to Comment
  • The Best Quote of 2009 [View article]
    Amen to that. To all CEO's threatening to go offshore: Leave your passport at the door.
    Sep 3, 2009. 07:02 AM | 4 Likes Like |Link to Comment
  • Wednesday Outlook: Commodities, Global Markets [View article]
    Your charts and comments are the best information out there. Accurate, thoughtful, relevant. Thanks.
    Sep 2, 2009. 06:38 AM | 4 Likes Like |Link to Comment
  • Cash for Clunker Homes Is the Real Expense to Taxpayers [View article]
    Only for my local real estate: 60% discount peak to trough.

    No matter how many lemmings jump off the cliff, they all stop at the bottom.

    Lower priced, have to sell, residential properties are about there. At these prices there are buyers. We have multiple offers, but not actually bidding wars, as now the value is being capped by rent return cash flows. Investors will not pay more, and they know more inventory is coming. Owner occupants can't pay or finance more. Properties are selling way below land plus construction costs for replacements. Drops from here will be incremental and will be driven by falls in rent rates.
    Higher priced properties are slower to see the full decline, but they will.
    And if house prices go to zero, we'll have more to worry about than real estate. Housing your family is, after all, a necessity.
    Sep 1, 2009. 04:41 PM | 4 Likes Like |Link to Comment
  • Six Million Home Foreclosures: Are FDIC Insured Banks the Next Time Bomb? (Part 1) [View article]
    Your article was great and on target. The true foreclosure inventory is unknown. How the banks will dispose of them, and on what timetable is not clear, and will probably not be what was the usual way. Your analysis was top notch. I just wish there was more data out there! Thanks
    Sep 1, 2009. 04:18 PM | 4 Likes Like |Link to Comment
  • Cash for Clunker Homes Is the Real Expense to Taxpayers [View article]
    Housing cost = PITI and HOA dues. PI is down, TI/HOA is up on a per home price basis. Affordability, though better, is exaggerated by the NAR methodology.

    NAR affordability only includes the PI (principal and interest) payment, and only on 80% of the value of the home. While this is definitely down, it is the only one component. Tax Millage rates are up. HOA dues are up. Insurance is required on some formula price higher than sales price.
    Sep 1, 2009. 02:23 PM | 5 Likes Like |Link to Comment