Seeking Alpha

User 462216

User 462216
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • Fed Open Market Committee: The Fed repeats it stands ready to ease as needed. For now, there are neither additional stimulus moves, nor an extension of the low-rate pledge past late-2014.  [View news story]
    There may not be any QE in Sept. either. The way Giether is talking money will be put in a stimulus that will be approved during the lame duck session after the election. Capital gains tax will go up. (my opinion) FHA will allow home owners to refinance out of adjustable rates to lower rates even if they are underwater....no principle forgiveness. The FED may buy mortgages after the election.
    Aug 1, 2012. 03:43 PM | Likes Like |Link to Comment
  • Triple Top Tuesday: How Much Will It Cost To Break Higher? [View article]
    Good one Phil. The CB's might drop the the interest rate to zero or a negitive number that they give the banks for holding their money. Maybe they will just combine the euro and the US dollar = Usro. You can never tell these are strange times. Desperate people do desperate things. But they must have a trick up their sleeve. Thanks for the heads up on Bloomberg.
    Jul 31, 2012. 12:44 PM | Likes Like |Link to Comment
  • What If There Was No Cash? [View article]
    Might have to dust of that old Beetle's song Tax Man. Reminds me of my old country Croatia. Basically telling me they don't want me to own anything. Discouraging work and spending. Socialism sucks, what's next VAT tax.
    Jul 30, 2012. 06:29 PM | 3 Likes Like |Link to Comment
  • What If There Was No Cash? [View article]
    Thanks to all who have contributed I have a couple things to think about.
    Jul 30, 2012. 10:09 AM | Likes Like |Link to Comment
  • German finmin Wolfgang Schaeuble rejects speculation that Spain is about to request that the eurozone's bailout fund buy its bonds. While the country's high interest rates are "painful," it is "not the end of the world if you have to pay a few percent more at a few bond auctions," Schaeuble told the Welt am Sonntag newspaper.  [View news story]
    My thinking is that things will slowly get a lot worse until all countries give up some of their sovereignty to the financial overlords. Giving up a little is the first step to giving up more. The journey begins with the first step. The beatings will continue until moral improves. Spain has learned nothing from Greece.
    Business is run by the numbers. Never take on to much debt. Never give your check book to an accountant. If you can't manage your business than the financier will own it and you'll be managing it for him.
    Jul 29, 2012. 06:17 PM | 1 Like Like |Link to Comment
  • What If There Was No Cash? [View article]
    That is the infomercial people who will say what ever it takes to get your money. Did rentals for ten years.....ten years ago. Now looking into possibly doing corporate rentals(researching)
    Jul 29, 2012. 10:37 AM | 2 Likes Like |Link to Comment
  • German finmin Wolfgang Schaeuble rejects speculation that Spain is about to request that the eurozone's bailout fund buy its bonds. While the country's high interest rates are "painful," it is "not the end of the world if you have to pay a few percent more at a few bond auctions," Schaeuble told the Welt am Sonntag newspaper.  [View news story]
    Problem solved.....next
    Jul 29, 2012. 09:55 AM | 2 Likes Like |Link to Comment
  • "Freeing capitalism to do what it does best won't just create national wealth and reduce poverty, but expand the ability of Americans to achieve earned success — to pursue happiness," writes Charles Murray in the WSJ, where he analyzes why "capitalism has an image problem." Restoring capitalism's reputation, therefore, also includes returning the "vocabulary of virtue" to the discussion.  [View news story]
    Sorry....posted under the wrong article :(
    Jul 29, 2012. 09:52 AM | 1 Like Like |Link to Comment
  • "Freeing capitalism to do what it does best won't just create national wealth and reduce poverty, but expand the ability of Americans to achieve earned success — to pursue happiness," writes Charles Murray in the WSJ, where he analyzes why "capitalism has an image problem." Restoring capitalism's reputation, therefore, also includes returning the "vocabulary of virtue" to the discussion.  [View news story]
    We'll tell you anything. Just give a another hit of that crack. Along with not having any money the Greeks don't have any pride or balls. People will treat you exactly the way you allow them to.
    THIS IS NOT SPARTA
    Jul 29, 2012. 05:56 AM | 1 Like Like |Link to Comment
  • What If There Was No Cash? [View article]
    Good information, will be watching. I think I may have to find some hard assets but I am not big on going back to being a landlord. No gold or silver for me. If anyone has an idea of a good hard asset that has minimal risk that I can actually have possesion of please reply.
    Jul 29, 2012. 05:29 AM | 2 Likes Like |Link to Comment
  • Home sales improved significantly during the first half of this year, but with home ownership still hovering near 15-year lows, where is all the supply going? The answer is simple: real estate investors. Sales of distressed properties are hot right now, largely due to a dwindling supply of homes for rent. Rental vacancies in fact fell to their lowest rate since 2001. The rental market his hot and getting hotter, and investors are rushing to cash in.  [View news story]
    outbidu
    True! Most of the cash money has dried up. Govt set up big money to come in now. Banks not flooding the market. Foreclosures slowing down. Banks, HUD and Fannie asking more money and taking their time selling. They are concentrating on owner occupant. Banks doing more short sales has helped prices stabilize and increase. Vast majority of sales here in north east Ohio are bank owned and short sales. This will be a slow process over many years unless the Govt. or venture capital comes up with a plan to move these homes....Blackstones working on it. Landlord in this area....forget about it. Too little return for the risk for me. Been out of that for ten years. Tenants....not much out there but the best of the worst. Anyone who does rentals works for their money.
    Jul 28, 2012. 04:07 PM | 1 Like Like |Link to Comment
  • Financial markets are telling to us to focus on jobs, not deficits, Paul Krugman writes: "Investors are all dressed up with... no place to put their money. So they're buying government debt, even at very low returns... By making money available so cheaply, they are in effect begging governments to issue more debt. And governments should be granting their wish, not obsessing over short-term deficits.”  [View news story]
    The FED creates money and destroys money by taking it out of circulation. The FED can make assets rise or fall. (Bank)ruptcy's take money out of circulation. It takes time for the economy to catch up with the FED action. Short times of inflation and deflation of certain assets. The fed will continue to support the market until private debt is paid down and money flows again to the market and it will sell the asset back to new buyers coming into the market....Getting the money back that was created out of thin air and is taken out of circulation. Once risk assets have money flowing back to them the FED will cash in and start to raise bond and Treasury interest to try and balance risk assets. There is never a balance for long. Just money sloshing back and forth. Its the system. Picture a seesaw and the money is a counter balance. Some of those that sold in 2008-09 may not come back to the market....but their kids will and population growth will replace the rest, 401k and IRA will assure that and the never ending pump by the financial system that makes their living of the investors.
    The money always comes back to the FED no matter where it flows too even the Govt. It is simply a tool to promote growth and stability.....sooner or later. Sooner or later the Govt. will be forced to enact policy that helps promote proper money flow. Don't worry about it. Understand the system and work within the system. Learn to respond and not react. Skate to where the puck is going to be and you'll be fine.
    Will many be hurt in this system.....yes. Don't be one of them.




    Jul 28, 2012. 01:29 PM | Likes Like |Link to Comment
  • "Believe me, it will be enough," says Mario Draghi, promising to do "whatever it takes to preserve the euro." Yes, but at what level vs. the greenback?  [View news story]
    Tack,
    Yes we do. But will it be what we pictured it to be. The time value of money is relative to the time and the value of that money.
    In 2008 and I took a hit for 10k on a house. I made it up on the next one. if I had stayed in the investment it would have produced slow painful returns for the next 7-10 years and the opportunity cost are huge. Tear the band-aid off and get it over with and move on. Germany should have cut there losses....period. Prolonged pain....stupid. In the end all will survive with or without a common currency. Just like it is now, some better than others.
    Jul 26, 2012. 11:39 AM | Likes Like |Link to Comment
  • June Pending Home Sales:-1.4% to 99.3 vs. +0.9% expected; +5.9% prior.  [View news story]
    Housing prices can only be supported by income. the interest rates help. Many have stop putting there houses on the market ....causing lower inventory. I still see as many price reductions as I see new listings. Those that can sell try to find better cheaper houses. Most housing complexes are 95% full. Banks are doing more short sales causing an increase in housing price and fannie and hud are asking more for there homes and trying to sell to owner occupants mostly. Housing may have bottomed if we don't go into another recession....I know we have not come out of the last one. It will be a long process.
    Jul 26, 2012. 10:34 AM | Likes Like |Link to Comment
  • "Believe me, it will be enough," says Mario Draghi, promising to do "whatever it takes to preserve the euro." Yes, but at what level vs. the greenback?  [View news story]
    Every time I read something from Europe I laugh. Reminds me of the car trip on a family vacation........are we there yet. Stop pouring good money into a bad investment.
    Jul 26, 2012. 10:20 AM | 1 Like Like |Link to Comment
COMMENTS STATS
95 Comments
79 Likes