Robe

3 Comments

    • ON: Tue Sep 23rd 13:32 PM
      Commented on:
      This Uncertainty Is Unacceptable
      You can argue all day that the ship might have a hole in it, the ship does have a hole in it, the ship shouldn't have a hole in it, but the real need of the moment is to grab a bucket and bail. Bernanke and Paulsen are saying - pull it into port, refit the ship, and let's not focus on bailing, let's focus on getting the goods across the water where they'll continue to stimulate the economy. That's the real mission. They are absolutely correct. They did not create the problem, they inherited it, and we're fortunate that they - unlike their predecessors - are willing to address it head on.

      Blaming the mess on the current administration is pure, 100% ignorance. Where were you when the liberal messmakers were pressuring everyone in the realty and banking sectors that all Americans were "entitled" to a home? That bubble was created by a social agenda that had no place buckling the banking and realty sectors, and it knowingly created illicit opportunities for unqualified homeowners, private profits for Fannie and Freddie with public funding, and led us straight to the mess we have today, pure and simple. Thank God that Paulsen and Bernanke are in place. Greenspan and Clinton were so concerned with being popular they held interest rates below GNP for years. Always a sure bet for financial calamity. Why haven't we heard from Rubin on this? Because he was complicit in it then, and is an officer on Wall Street now. A stark contrast to what Paulsen is standing for now - character in service to his country.
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    • ON: Sat Jan 26th 17:47 PM
      Commented on:
      Selling Over? I'm Just Not Buying It.
      Swings of the market pendelum to the plus and minus are part of any economy. What I find lacking is some accountability in getting the write-downs communicated in a transparent way so the markets can constructively move forward. I believe the reason that accountability is not being forced by federal agencies is there's a concern that if we "flushed it all out" at once, it (being larger than we think) would panic the markets. So we continue to list in the seas of vaguery. The question we need answered transparently is this: Are the media overweighting the influence of a 150 Billion clog in a multi-trillion economy, or, like the arteries of the heart, are those small percentages in system size nevertheless essential to the survival of the whole system. Time will tell what federal agencies won't. Until then, the markets will remain unstable.
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    • ON: Sat Jan 26th 17:20 PM
      Commented on:
      Rick Santelli Takes Down Jim Cramer
      I watched it "live" and Santelli was right on. Although Cramer does provide many positives, and does sometimes take accountability in several different ways for wrong picks, he leans hard to building an image of being "ahead of the curve". He has tuned me in to some great opportunities, and shown himself to be too "seat of the pants" as well on many, many occasions. He is honest about being an entertainer, and has correctly sounded the alarm about an overly cautious Fed - while he simultaneously also suffers from ego-drive that gets in the way. One has to wonder, though, if the Fed had been ahead of the curve, if we would have turned the year 14,000 plus, rather than whimpering into 2008. Either way, with Jim's bombastic style, he of all people should be supportive of being held accountable for what he did and didn't say. Transparency is good.
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