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  • Things Could Be Worse... [View article]
    The jobs are the key. The outsourcing has emasculated the US. Young people who should be engineers building the future got caught up in the MBA trap and engineered CDO's etc.

    The next president may well be the LAST PRESIDENT of the US. People don't really know what they are buying. And buyers remorse will be a terible thing.

    If banks are only going to loan money to people who can pay it back we are in for a bad time. A house mortgage should be no more than 2 times an person's annual salary. So figure out that means in your neighborhood.

    Incomes are not going up and have not for years. Many are underemployed or havae given up looking for work. The day traders and speculators have ruined the markets.
    Nov 01 12:21 pm |Rating: 0 0 |Link to Comment
  • Employees in Financial Sector Are Overpaid [View article]
    People usually tend to go where the jobs are. Since we outsourced almost everything real that needed top be deisgned and manufactured people had to go to the financial sector as the only place left. They designed and manufactured the CDO's etc. and sold them like any other product. I think outsourcing is also a big cause of the problems we have today.

    joyrose
    Sep 28 12:48 pm |Rating: 0 0 |Link to Comment
  • The Week Ahead: Demystifying the Hindenburg Omen [View article]
    There is way to much speculation in all the markets. There are way too many people who used to work in factories doing day trading, running hedge funds, etc. They just mindlessly follow investment software signals and do not do investing. Trading is not investing. Pity all of us who try to invest for our own and our children's future. Hopefully we can take advantage of the big stock sale and not look at our loses.
    The ETF is just another game for them to play.

    Overtaxed in Sammamish
    Jul 14 01:27 am |Rating: 0 0 |Link to Comment
  • Semi-Upbeat Housing News [View article]
    The old standard for qualifying for a mortgage used to be 2 to 3 times your annual income. Well if mortgages are going to be given to those who can afford to pay them back we have along way to drop back in some areas of the country.
    What is the average income in your area? Multiply that by 3 and see what you come up with. Even with two workers in a family you still don't get up to the prices in many area of the country.
    If food and fuel continue to go up maybe it should be only 2 times your income.
    In my town the prices are stagnant. In my county overall they are down 10%. Can you tell my why I just received a tax bill reassessing my property for 10% MORE?

    OVERTAXED IN SAMMAMISH WA
    Jul 14 01:18 am |Rating: 0 0 |Link to Comment
  • Who Is Jerome Kerviel? [View article]
    It is time for another Republican led depression. I actually emailed Cramer all summer about this but he wouldn't listen. Additionally the Economist magazine had many articles on the curent problesm since 2004. Maybe even before that but I wans't readint it. It is really too bad that the Administration and Congress are asleep at the switch. They are just too comomfratable with all the special interest money .
    Jan 26 15:11 pm |Rating: 0 0 |Link to Comment
  • We're Now Putting In a Short-Term Bottom [View article]
    Capitalism is about exploiting workers and sucking money out of everyone else. So now we have capitalist corporations all over the world exploiting workers. However with the outsourcing of American jobs they forgot to leave enough jobs in the good old US to have enough people to suck money out of. They can bundle debt all they want but if people can't pay it back look what happens. The Economist magazine warned about all this years ago. Too bad no one listened. Especially our Administration and the idiots in the press who lionized Greenspan.
    Jan 25 14:18 pm |Rating: 0 0 |Link to Comment
  • These Stocks Are Attractive Amidst This Selloff [View article]
    The real problem, if you don't consider the lack of oversight by the Republicans, is outsourcing of good high paying jobs. Capitalism can't suck money out of people who aren't working at high paying jobs.
    It is all well and good to say we need to encourage home ownership but as we are seeing people need to be able to pay for the homes. To pay you need a job. To have a job we must keep them here.

    Additionally we need to do something about our schools. We are not producing engineers or scientists at the rate we need them.
    Things take time to happen in the economy. This witless jumping from sector to sector when ever the Fed moves is stupid.The Fed can't save us.

    late for dinner
    Jan 25 14:09 pm |Rating: 0 0 |Link to Comment
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