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marketwatcher23

marketwatcher23
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  • False Hope: Low Rates, Write-Offs Make Americans Richer By Default [View article]
    From CNBC today:

    "Susan Edleman at the New York Post reports that New York City taxpayers will have to pony up more than $1.5 billion because public pension-fund investments failed to meet their statutory goal of 8 percent gains."

    Yup just keep taxing everyone to make up your inability to meet your ridiculous assumptions. Your'e welcome.
    Jan 1 08:37 PM | 2 Likes Like |Link to Comment
  • False Hope: Low Rates, Write-Offs Make Americans Richer By Default [View article]
    Cops, Firefighters, teachers etc etc etc.....They still have pensions. Their healthcare is basically free. Yes the active ones and retired ones (of which I am guessing you are one of) raped the system and need to take the hit.

    Don't worry it will never happen. Hedge accordingly. Or don't.
    Jan 1 07:33 PM | 1 Like Like |Link to Comment
  • False Hope: Low Rates, Write-Offs Make Americans Richer By Default [View article]
    How about this solution. All federal workers take a 30% pay cut and a 50% cut in pension and entitlements. Wall street banks have to go back to the good old days where they were just banks. In effect, giving them similar cuts in pay. Health insurance gets revamped so that your individual premium is based on your individual health (with help to those with pre existing conditions). Social security starts at age 75 for all those 35 and under because people should not spend the last 25 years of their life being non productive in society. Unemployment insurance exists but you can't sit on your ass and collect a check. A list of chores (clean up your neighborhood etc) have to be completed each week or you don't get your weekly stipend. People have to all chip in.

    I could go on and on but if people really want to fix things they have to actually cough something up.

    Since that will never happen let's get back to our original programming. Today and everydays show is "printing money to pay for crap until the currency blows up".
    Jan 1 09:36 AM | 21 Likes Like |Link to Comment
  • False Hope: Low Rates, Write-Offs Make Americans Richer By Default [View article]
    bbro those who wear a smile for an umbrella get their ass soaking wet. Reality is neither positive nor negative. It just is what it is. Hedge accordingly.
    Jan 1 09:28 AM | 18 Likes Like |Link to Comment
  • The Obama Administration considers expanding its mortgage-refinance program to include those loans not held by the GSE's. Fannie and Freddie back just 50% of the nation's mortgages, leaving a big chunk of the 10.8M underwater mortgage loans not qualified for the HAMP. What happened to weaning the nation off of public mortgage finance? [View news story]
    Stick your hamp refi where the sun don't shine. You miss the point entirely.
    Dec 27 09:58 PM | Likes Like |Link to Comment
  • The Obama Administration considers expanding its mortgage-refinance program to include those loans not held by the GSE's. Fannie and Freddie back just 50% of the nation's mortgages, leaving a big chunk of the 10.8M underwater mortgage loans not qualified for the HAMP. What happened to weaning the nation off of public mortgage finance? [View news story]
    Negative equity will diqualify you unless you are a deabeat, at which point you will get rewarded. That is what I am upset about you imbecile. Grow a pair? I pay my taxes and have no debt and do things the right way. Go focus your time on the deadbeats and stop the programs from rewarding them and you will stop seeing good citizens like me getting pissed off.

    FREE JON CORZINE
    Dec 27 09:57 PM | Likes Like |Link to Comment
  • David Tepper - who famously called the big post-QE2 bull market - is back on CNBC and very bullish again. The market has just a small bit of downside risk from these levels, he says, but a return to market multiples not seen since the 90s is the upside. All that's needed for ignition is a deal out of D.C. [View news story]
    His call so far has been wrong.
    Dec 27 09:54 PM | Likes Like |Link to Comment
  • Basel III A Game Changer For Both Gold And Faux AAA-AA Sovereign Debt [View article]
    how many shoe shiners own gold? Cut the crap.
    Dec 27 09:54 PM | Likes Like |Link to Comment
  • The Obama Administration considers expanding its mortgage-refinance program to include those loans not held by the GSE's. Fannie and Freddie back just 50% of the nation's mortgages, leaving a big chunk of the 10.8M underwater mortgage loans not qualified for the HAMP. What happened to weaning the nation off of public mortgage finance? [View news story]
    The end game is when you send Corzine to jail and people learn their actions have consequences. Until then refi me all the way to hyperinflation.
    Dec 26 10:02 PM | 2 Likes Like |Link to Comment
  • The Obama Administration considers expanding its mortgage-refinance program to include those loans not held by the GSE's. Fannie and Freddie back just 50% of the nation's mortgages, leaving a big chunk of the 10.8M underwater mortgage loans not qualified for the HAMP. What happened to weaning the nation off of public mortgage finance? [View news story]
    Thanks for telling me why I bought a house hammer. I thought I needed a residence for my family but all along I secretely thought housing would go up forever and you just outed me. Either way GIVE ME MY REFI AND NOW I WANT AN OBAMA FONE TOO!
    Dec 26 06:02 PM | 2 Likes Like |Link to Comment
  • The Obama Administration considers expanding its mortgage-refinance program to include those loans not held by the GSE's. Fannie and Freddie back just 50% of the nation's mortgages, leaving a big chunk of the 10.8M underwater mortgage loans not qualified for the HAMP. What happened to weaning the nation off of public mortgage finance? [View news story]
    Somewhere out there Democrats and Republicans are laughing and rejoicing at how people still think there is a red team and a blue team.

    "Politicians were put there to make you think you have a choice. You have no choice. You have owners"

    George Carlin
    Dec 26 10:06 AM | 4 Likes Like |Link to Comment
  • Basel III A Game Changer For Both Gold And Faux AAA-AA Sovereign Debt [View article]
    Yes gold hates peace and prosperity. It also tends to yell at the TV a lot and talk to itself while it walks down the street.
    Dec 26 10:03 AM | 7 Likes Like |Link to Comment
  • The Obama Administration considers expanding its mortgage-refinance program to include those loans not held by the GSE's. Fannie and Freddie back just 50% of the nation's mortgages, leaving a big chunk of the 10.8M underwater mortgage loans not qualified for the HAMP. What happened to weaning the nation off of public mortgage finance? [View news story]
    I don't care if I get a HAMP Refi, a HUMP refi or a HIMP refi. Take my loan and streamline it so I get 3.75% like the deadbeats. You pick the name of the program.
    Dec 26 09:50 AM | 2 Likes Like |Link to Comment
  • Don't Let Rising Rates Rattle Your Portfolio In 2013 [View article]
    Great, maybe they are buying a small percentage of long term debt. They probably already have a ton of it on their books. So presuming rates start to rise and the U.S still runs a defecit...Bernanke, Insurance companies and Pension Funds would now be selling treasuries aling with the Treasury....That will work out well.
    Dec 26 09:47 AM | Likes Like |Link to Comment
  • Plan C. Acknowledging there is no time to craft a "grand bargain" before year end, the President urges Congress to pass a stopgap measure, saying he'll immediately sign a bill allowing unemployment benefits to continue and preventing tax hikes on those with income under $250K/year. [View news story]
    Macro a crushing depression is coming regardless.
    Dec 26 08:14 AM | Likes Like |Link to Comment
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