RBS Predicts Global Market Crash: What's In It for Them? [View article]
I thought Bob Janjuah (or may be the author) is in a panic mode more then Fed. Fed probably should do nothing by end of the year. To lower the rate ? Econmy won't come back. To raise the rate ? High oil price is already a hard brake on the growth, why need a rate hike ?
This is election year. Everything is expected. Inflation is a built-in ingredient in capitalism. No one likes recession. However, the real correction will come in 2010, the second year of presidential term. Dow will be 18000 at that time. In the mean time, lets keep on printing the money and enjoy the life.
Fed Chairman Bernanke Running Out of Options [View article]
I think Fed should lower the interest rate as much as possible. Since everyone need money, just print a lot and let everyone be happy. Don't worry inflation. Are we lack of food ? are we lack of clothing ? no. The only thing we, especially all the greedy wallstreet professionals, need more are paper money. When gasoline are too expensive, everyone will cut down the driving and balance the supply/demand equation. Don't worry about cheap dollar. It helps export and creates job. Everything will be balanced that even low interest can not help. Why Japan does not have the problem while their interest rate is lower then us ? On the other hand, higher interest rate will cause sever recession, and cause political instability, and cause real blood on the street.
How to Avoid a Recession: Cut Down on Foreign Oil [View article]
I believe the most consumption of oil in US is in driving. Every American uses 2 barral of oil each month. $200 is about right of my monthly gasoline bill.
Consensus Estimates Too High Entering Earnings Season [View article]
If you know it is getting into recession and yet you will be bullish by end of the year, what changes cause you to be bullish ? Is it rsing wage ? Is it richer foreigner to buy US cheap assets ? May be those bankrupt subprime subscriber magically getting rich again ? Or it is only because the market has been corrected so much. If it is the last case, market won't exceed past new high since there is no new demand. S&P will stay under 1550 for 5 years, 10 years or even longer. If we know why US is going into recession and why it will be recovered, why can't we short circuit the two events and avoid the downturn ?
Read Between Bernanke's Lines: Things Are Going To Get Worse [View article]
> There is no more money "in reserve" at the Reserve
Don't understand this. The money is printed without any reserve. When people needs money, just print it. When market flood with money, inflation and averge income rise too. When US dollar drops another 50%, average income rise 50% and milk will sell for $10/gallon. And guess what, budget deficit will be easy to deal with. Currently, we have $9 trillion with average income $40k. In the future, we will have $9 trillion (please elect the president that will not spend more then revenue !! ) paid by average income $80k.
1990 fall is because of 2nd year of election cycle. President had free hand to fix the credit crunch in 2nd year. Current problem is likely to be delayed by lower interest rate. If the current problem is allowed to continue, 80% of Republican will be removed from Washington. They won't do that.
U.S. National Debt Level at Record High [View article]
To cut budget, there must be layoff in Government. People laid off won't elect the one who proposed the budget cutting. Nothing can be done and will be done in budge deficit, besides stopping the cowboy war.
RBS Predicts Global Market Crash: What's In It for Them? [View article]
Jim Grant on Fed Monetary Policy [View article]
Greenspan's Latest: Oil Boom Will Likely 'Go on Forever' [View article]
To Short or Not to Short [View article]
Look finance.yahoo.com/q/hp...
Isn't it supposed to short and pay dividend to others ?
Fed Cuts to 3% [View article]
The Fed's Lose-Lose Decision [View article]
Market Indices In Free Fall [View article]
Fed Chairman Bernanke Running Out of Options [View article]
Don't worry inflation. Are we lack of food ? are we lack of clothing ? no. The only thing we, especially all the greedy wallstreet professionals, need more are paper money. When gasoline are too expensive, everyone will cut down the driving and balance the supply/demand equation.
Don't worry about cheap dollar. It helps export and creates job. Everything will be balanced that even low interest can not help.
Why Japan does not have the problem while their interest rate is lower then us ? On the other hand, higher interest rate will cause sever recession, and cause political instability, and cause real blood on the street.
How to Avoid a Recession: Cut Down on Foreign Oil [View article]
Consensus Estimates Too High Entering Earnings Season [View article]
S&P will stay under 1550 for 5 years, 10 years or even longer.
If we know why US is going into recession and why it will be recovered, why can't we short circuit the two events and avoid the downturn ?
Read Between Bernanke's Lines: Things Are Going To Get Worse [View article]
Don't understand this. The money is printed without any reserve. When people needs money, just print it. When market flood with money, inflation and averge income rise too. When US dollar drops another 50%, average income rise 50% and milk will sell for $10/gallon. And guess what, budget deficit will be easy to deal with. Currently, we have $9 trillion with average income $40k. In the future, we will have $9 trillion (please elect the president that will not spend more then revenue !! ) paid by average income $80k.
1989 Credit Crunch Redux [View article]
U.S. National Debt Level at Record High [View article]
Thursday Was Reversal Day [View article]
Still Cautious, Despite Soaring Stocks [View article]