Gee Bob, why are you always having to splain what the FED is doing and why they are doing it. They've done such a great job with our economy, I don't see why you have to point out what they are doing this time is really good. You should be proud of your small part in the virtual complete corruption in gov't, business, and finance. not to mention 10% unemployment. They saved us from the catastrohe they created with the help of their corrupt colleagues. GOOD JOB.
Municipal Bonds: Apocalypse Now or Buying Opportunity? [View article]
Your arguments parallel the same arguments that Bernanke made about real estate. It had never gone down and would only slow it rate of rise. Mortgages had real collateral behind it. He acknowledged that there was some localized overheating but all others were supported by fundamentals. You come across as what our establishment should be, honest. prudent, and reassuring. However, a large number of what should be your colleagues are reckless, dishonest corrupt crooks like banksters for instance and Congressmen and lawyers, and lobbyists, accountants, gov't regulators, bond raters, board of directors, corp CEO's and CFO's have I forgotten anyone. Oh yes municipal and state governments.
Has the Fed 'Walked Away' From Housing? [View article]
You are right, just back to the mean is optimistic. Usually bubbles go back to as far below the mean as they went above it. That would be at least to -1 SD which would mean we are are about half way. YIKES! Some acdemic said housing prices were still overvalued thereby showing what strong underlying demand there is. It probably means we still have a long way to get to undervalued. The economy is forcing people to double up and the population is growing slowly even with all the illegal immigration. And I expect the politicians to 'SEAL' the border further dropping popolation. Historically, housing formations would be growing so rapidly, the excess inventory would be eaten up rapidly. Low formations due to slow population growth, reduced immigration, and doubling up could keep prices and the economy down for a lot longer than anybody would like.
Austerity Fails in Euroland: Time for Some ‘Deficit Easing’? [View article]
Most of the comments are both right ie criticism of the current debt peonage system. Most of the statements about discipline austerity are wrong in this sense. They would simply starve the middle and lower classes and leave the top 5% complaining that their wealth had been cut in half as they bask on their yachts. But what do we do now to alleviate the incredible problems created by the debt peonage and remove corrupt beneficiaries of it. Banks should be utlilties - 42% of corp profits RIDICULOUS! Gov't should create money, not debt. A Jubilee should be instituted NOW and implemented as part of the law every 50 years. The world is being crucified on a cross of debt. Jubilee is the elimination of all debt. The system tries to cleanse itself every 50-60 years but the debt holders stop it. If debt is eliminated every 50 years it will help prevent bubble excesses. How many CMO's are you going to buy if they are going to be zeroed out in a few years. GreenRiver way over the top in calling Ellen a liar. Number 1, she didn"t say it Mark Weibrot did. Number 2 are you getting real semantical ie like Bernanke in saying QE2 isn't printing money. Even if indirectly that $600 billion is facilitating the tax cuts (FICA and inheritance) Congress just passed. Getting semantically correct is almost impossible when dealing with the fed and money. However Ellen did imply ND was doing well due to its bank. I think it is doing well due to an oil and natural gas boom. It would be ironic if the states used the fractional reserve system to get around debt peonage, hopefully not doing the same thing themselves. One thing is very clear, the FED and fractional reserve banking system need a TEAR DOWN!
Sentiment is in a danger zone in that when we get a correction, sentiment will be in this area. However, you do not always get corrections when the sentment is so bullish. It's like the mkt predicting 12 of the last 4 recessions.
In spite of record high bullishness, record low mutual fund cash, record speculative commodity interest, high margin debt, record high insider selling my mind is trying to reconcile it can go higher - that's usually good for 15-20% correction, but I haven't bought any calls yet, so it could go higher. The majority is right during trends and wrong on both ends.
Not Just for Sirius Investors: Goldman and Merrill Implicated in Manipulation Scam [View article]
Satwaves, keep shining the light, maybe an honest man will see the rot and corruption and do something about it. Market makers can sell short naked, they have exemptions to position limits on commodities, what else? How about criminal collusion? Apparently, they are exempt from prosecution - above the law. Beneath contempt!
When Tulip Bulbs were used as Currency / Money was it really that far Fetched? [View instapost]
Unfortunately, history shows people will take that paper/electronic money til the very bitter end. They were using 1,000,000,000,000 notes in Zimbabwe - lots of them. I guess we have no real choice. I do wish it would hurry (if it's going to happen) so I could pay off my mortgage and other debts with pocket change.
You said there is no easy way to go about millions of foreclosures. Well there is the right way and the easier dishonest way. Which course did the banks take - the same they usually take, the dishonest easy (easier) way. This year BAC has admitted to helping Mexican drug cartels launder money (knowingly because their money laundering monitor resigned because they ignored his warnings) and the recent acknowledgifement of muni bond bid rigging. This is only some of the things I know of from public sources, I can only imagine what they haven't been caught for. Think of the competence/corruption of the SEC, etc I don't wonder if the mortgage brokers are now mortgage foreclosurers, I wonder why none of the executive crooks have been fired and prosecuted.
I am neither short or long BAC, but if you don't know it is a crooked (even criminal organization) you haven't been paying attention. They program their computers to create as many bounced check fees as possible, They charge usurious rates on credit cards (legally unfortunately), but still wrong 24 to 40%! They admitted to rigging muni bond bids. They paid fines for (accidently) helping Mexican drug cartels launder $billions. They evaded billions in taxes for themselves and customers like Deutsche bank admitted to today. They were an integral part in the Wall St. stock pumping by make-up accounting practices to exceed Street expectations then announcing they were using corp money to manipulate the stock upwards (called stock buy-backs). Were they paying off the lawyers for positive opinions on their tax shelters as well as the accountants and the bond raters to help out their muni bond rigging? I think you know. The only person gone is Lewis and the head of money laundering monitoring because BAC refused to listen to his warnings about what they were doing so he resigned in disgust. The above is history, but has the culture changed?
U.S. Federal Debt: Why These Unprecedented Levels Are Alarming [View article]
Splain me this. Interest rates went DOWN as debt as a % of GDP went UP from 1920 to 1945. Then as debt went down as a % of GDP from 1945 to 1980 interest rates went UP. Since 1980 we have been repeating the 1920 to 1945 dropping rates scenario as debt sky rocketed. Why do interest rates go down as debt goes up and vice versa?
The Use and Abuse of the Primary Dealer Credit Facility [View article]
The corrupt elite used their apparatus (Gov't and FED) to save themselves. I am so naive and optimistic that I actually expect the 2012 election to WAVE them away. It took 70 years for communism to fail. If the corrupt are able to subvert the next election, it's going to be a long cold winter. I hope the American people will not put-up with this for that long.
Bill Gross Emulates the Fed by Buying Bond CEFs [View article]
Is the 30 year bull market in bonds over? Never mistake financial genius with a bull mkt. So PIMCO'S financial genius has had a stalwart tailwind for 30 years! It is time for a turn of the tide. Bonds have not broken down yet, but they're working on it.
Should You Follow Bill Gross Into Municipal Bonds? [View article]
Nero likes to fiddle while Rome is burning. Rome is burning, so buy fiddles to sell to Nero. It may even be profitable, but is definitely very sickening. I noticed in the European Crisis, the hedge fund boys (IDed by large cod pieces hiding grapes) were not worried, just looking for the right entry pt. before the bail-out. If those guys aren't peeing in their pants among other things, you know how far from the bottom we actually are think Immelt or Paulson during the Crisis or Cramer Plz help plz help me Big gov't I take back all those bad things about how dumb you are = Cramer actually said you are dumb for not bailing out my trust fund, he was right they were dumb for bailing him and all his non-buddies out.
On Printing Money [View article]
GOOD JOB.
Municipal Bonds: Apocalypse Now or Buying Opportunity? [View article]
You come across as what our establishment should be, honest. prudent, and reassuring. However, a large number of what should be your colleagues are reckless, dishonest corrupt crooks like banksters for instance and Congressmen and lawyers, and lobbyists, accountants, gov't regulators, bond raters, board of directors, corp CEO's and CFO's have I forgotten anyone. Oh yes municipal and state governments.
Has the Fed 'Walked Away' From Housing? [View article]
Some acdemic said housing prices were still overvalued thereby showing what strong underlying demand there is. It probably means we still have a long way to get to undervalued. The economy is forcing people to double up and the population is growing slowly even with all the illegal immigration. And I expect the politicians to 'SEAL' the border further dropping popolation. Historically, housing formations would be growing so rapidly, the excess inventory would be eaten up rapidly. Low formations due to slow population growth, reduced immigration, and doubling up could keep prices and the economy down for a lot longer than anybody would like.
Austerity Fails in Euroland: Time for Some ‘Deficit Easing’? [View article]
But what do we do now to alleviate the incredible problems created by the debt peonage and remove corrupt beneficiaries of it. Banks should be utlilties - 42% of corp profits RIDICULOUS! Gov't should create money, not debt. A Jubilee should be instituted NOW and implemented as part of the law every 50 years. The world is being crucified on a cross of debt. Jubilee is the elimination of all debt. The system tries to cleanse itself every 50-60 years but the debt holders stop it. If debt is eliminated every 50 years it will help prevent bubble excesses. How many CMO's are you going to buy if they are going to be zeroed out in a few years.
GreenRiver way over the top in calling Ellen a liar. Number 1, she didn"t say it Mark Weibrot did. Number 2 are you getting real semantical ie like Bernanke in saying QE2 isn't printing money. Even if indirectly that $600 billion is facilitating the tax cuts (FICA and inheritance) Congress just passed. Getting semantically correct is almost impossible when dealing with the
fed and money. However Ellen did imply ND was doing well due to its bank. I think it is doing well due to an oil and natural gas boom.
It would be ironic if the states used the fractional reserve system to get around debt peonage, hopefully not doing the same thing themselves.
One thing is very clear, the FED and fractional reserve banking system need a TEAR DOWN!
How the Mortgage Industry Polices HAMP [View article]
Is Sentiment Near a Danger Zone? [View article]
Bullishness Hits a Fresh High [View article]
Not Just for Sirius Investors: Goldman and Merrill Implicated in Manipulation Scam [View article]
When Tulip Bulbs were used as Currency / Money was it really that far Fetched? [View instapost]
More Shine on the Big Banks’ Image [View article]
I don't wonder if the mortgage brokers are now mortgage foreclosurers, I wonder why none of the executive crooks have been fired and prosecuted.
Big Banks Are Stealing Your Money [View article]
They were an integral part in the Wall St. stock pumping by make-up accounting practices to exceed Street expectations then announcing they were using corp money to manipulate the stock upwards (called stock buy-backs). Were they paying off the lawyers for positive opinions on their tax shelters as well as the accountants and the bond raters to help out their muni bond rigging? I think you know.
The only person gone is Lewis and the head of money laundering monitoring because BAC refused to listen to his warnings about what they were doing so he resigned in disgust. The above is history, but has the culture changed?
U.S. Federal Debt: Why These Unprecedented Levels Are Alarming [View article]
The Use and Abuse of the Primary Dealer Credit Facility [View article]
Bill Gross Emulates the Fed by Buying Bond CEFs [View article]
Should You Follow Bill Gross Into Municipal Bonds? [View article]