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Wall Street Breakfast: Must-Know News

The same way bush is still important....


All hail the WORST PRESIDENT EVER

The 3 Main Reasons Behind This Recession

Wait!!! According to the White House and the GOP we're NOT in a recession......

Yea, Right.

7 Years of GOP control and all we have to show for it is a shrinking tax base and a bloated war machine.

Can't wait for Jan 20th...

4 Sectors to 'Buy in May'

Brian Pursley: Your statement lacks the obvious critical point: When the republicans are in control, they slash taxes and increase spending, thereby promoting a 'false high' for the markets. When the Democrats come and have to clean up the mess the republicans inevitably leave behind, they are forced to raise taxes, which are a drag on the economy.

I left the GOP when they nominated bush as their 'best and brightest' to lead the party. Not very fond of the Democrats, but at least they understand you can't keep spending money while cutting taxes and expect the 'magic dollar' to keep chugging along...

Wall Street Breakfast: Must-Know News

So much for bush's "strong dollar" policy....what a putz.

Worst. President. Ever.

A Self-Serving Non-Solution to Negative Equity in America

Christ, you're a hard hearted son of a bitch. Can't wait until you or a member of your family looses a job, and then their home.....

You need to realize, this isn't ALL about speculators. If you really want to start pointing fingers, start with the mortgage and banking industries that promoted these half assed loans to folks.

Wall Street Breakfast: Must-Know News

Jersey, you are full of bull. NO, the Democrats are NOT suggesting a 50% tax rate. Rangel is suggesting a 4.6 percentage-point surtax on high incomes. Do some basic math BEFORE you start your GOP Fearmongering.

And, not for nothing, I'd also like to add: 6 1/2 years of GOP misrule have destroyed the value of the dollar and seen the price of Oil more than Quadruple.

The bush Administration, which, thanks to its massive deficits and tax give-aways to the rich and corporations, to its war spending, and to its failure to combat unprecedented and ever-larger trade deficits, has been causing the dollar to plunge in value.

And you're worried about paying taxes? I'm more outraged over the loss of purchasing power of the Dollar under this inept, incompetent administration.

'Renting' Stocks For Dividend-Dividend Capture

interesting idea....

Warren Buffett on the Dollar, the Recession, Subprime and Bear Stearns

Warren Buffet: Simply the greatest investor ever.

Employment Report Fictions and Fed Actions

Well, what exactly did you expect from our current 'leader'? Everyone with an ounce of self respect admits bush is a lightweight, and his incompetent and criminal disregard for oversight of the nation's economy has landed us squarely where we are. Now the question is how to stop them from digging the hole any deeper....

1. Reinstate the prohibitions that a bank holding company can own other financial companies. (which was repealed in 1999 by the Gramm-Leach-Bliley Act. )

2. Have a write down deadline for financial institutions, such as the end of 2008. After that, tell the superbanks and Citigroup boys "you eat your losses.

Only after we've actually cleared the books and ensured that it can't happen again will we move out of this mess.

Blood in the Streets: Buy and Hold GE, For Now

I've come late to the party concerning GE, but I'm buying on the dips. One thing I've noticed about those 'poo poohing' the stock is that they don't seem to mention the effect of always reinvesting the dividend, which will offset the inflation issue....

No Sign of Bottom in Existing US Home Sale Prices

And yet, the idiot builders in my city keep knocking down good Craftsman style homes and putting up McMansions....

One such house, only one street away from me was listed as $500,000 for a 2 bedroom, 1 bath. Idiot builder bought it, put on a second story, and he wants a sucker to buy it for 1.2 million. Good luck. It's been vacant for 2 years now...

Confusing Volatility With Risk - A Costly Investment Mistake

Smart money invest WITH Buffet.

Tanker Stocks: Bargains Here?

Interesting article, with 2 points:

It's Navios not Navious

Where's the review of Frontline? (FRO), a tanker company I could argue is making a good bit of money these days, with an awesome yield of 14.90 percent?

Ambac's Collateral Losses Mean No Guarantee Business

The interesting question is Who's been shorting Ambac?

What's Ahead for Real Estate: Doing the Math

All the more reason to hope the Senate Democrats pass a change in the bankruptcy law that would keep hundreds of thousands of hard-pressed borrowers in their homes.

The Foreclosure Prevention Act embraced by Democrats would allow judges to ease the terms of mortgage loans during bankruptcy proceedings.

Now, I know, some will say "gee they took the chance, let them get their lumps......" Two problems with this:

1. If the numbers being bandied about regarding the number of families in financial trouble are correct, letting them be put out on the street will only prolong the impact of this mess.

2. bush and his cronies appear to only support the bailout of big business (aka Bear Stearns). With the white house telling the rank and file gop to push through their attempted legislation that only helps home builders rather than the vox populi , (to whom effectively they say "screw you"), we will only continue to see the markets (housing and financial) to spiral downward.