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citizenleung

citizenleung
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  • The FHA is raising its mortgage standards, with requirements like larger down payments and higher credit scores. Normally this would be a good thing, but since the majority of buyers are first-time home buyers using FHA financing, the FHA's timing could have a pretty big impact on the still-anemic housing market.  [View news story]
    First time buyers should thank their lucky stars at the low rates. If they need help beyond that, they should be renting.

    The suggestion that the FHA's timing could have a "pretty big impact" is laughable. The only effect is that there will be better loans.
    Aug 15 02:16 PM | 12 Likes Like |Link to Comment
  • KC Fed President Thomas Hoenig: Lashes out at monetary policy (a "dangerous gamble" in a moderate-growth environment). The recovery's got legs and is moving faster than the last two, and he finds "no evidence that deflation is the most serious threat to the recovery today." Using Fed policy as a "cure-all" for all problems risks repeating the cycle of severe recession and unemployment.  [View news story]
    If it is so easy to prosecute these people and put them in prison, they wouldn't have done what they did. The Supremes unanimously overturned Skilling's fraud conviction.
    Aug 13 04:22 PM | 1 Like Like |Link to Comment
  • An influential technology analyst says Apple (AAPL +0.7%) needs to start returning some of its $46B cash hoard to shareholders through a regular dividend or share repurchases. Apple's likely response: Microsoft (MSFT) pays a dividend. We do not want to be Microsoft.  [View news story]
    How long does it take for Apple to make an amount equal to Border's market cap ($72.54M)?
    Aug 12 04:28 PM | Likes Like |Link to Comment
  • The Bipolar Economy [View article]
    The financial system broke from lack of regulation. Is that friendly to business? Certainly not in the long term.

    Regulation can do banks much good. They have no business making as much money as they do pushing papers around and generating nothing of value.
    Aug 12 04:19 PM | 1 Like Like |Link to Comment
  • The Justice Department asks Hewlett-Packard (HPQ -1.6%) to provide internal records in connection with an international probe of allegations that the company paid bribes in Russia.  [View news story]
    How does investigating bribery make capitalism look bad? Please explain.
    Aug 12 03:36 PM | Likes Like |Link to Comment
  • Dell's Streak Shows How to Stay Relevant in an iDevice World [View article]
    Dell's Streak will do as well as a streak in one's underpants.
    Aug 11 02:20 PM | 1 Like Like |Link to Comment
  • The Treasury approves mortgage-assistance proposals submitted by North Carolina, Ohio, Oregon, Rhode Island and South Carolina, and will be sending the states $600M to help up to 50K unemployed homeowners avoid foreclosure.  [View news story]
    Come on, South Carolina, let's see you reject this federal money. If you don't, you're a hypocrite.
    Aug 4 09:01 AM | 1 Like Like |Link to Comment
  • Economist John Taylor is skeptical of a new paper claiming government stimulus measures helped avert a depression, finding there's "a bit of implausibility to the whole case," especially given the repercussions of the country's growing debt. (see also)  [View news story]
    Taylor claims that TARP and the stimulus are “not creating a strong recovery.” Would there be any recovery to speak of without them? Taylor certainly did not give any insight into that.

    Critics claim that the stimulus did not do much good. However, they also claim that the economy will do a double dip once the government's stimulative policies wind down. Which is it?

    Critics claim that the bank bailouts benefited the banks more than the people. However, what good with a crippled, non-functioning financial system be for anyone, including Main Street? Which is it?

    You can't have it both ways.
    Aug 3 09:48 AM | 1 Like Like |Link to Comment
  • 20 Phones on 4 Carriers Outsold 1 Phone on 1 Carrier? Shocking [View article]
    The comparison is between operating systems, not phones.

    Both Apple and Google will do great.
    Aug 3 09:38 AM | 2 Likes Like |Link to Comment
  • Shares of McDermott International (MDR -45.6%) are tanking after the company announces it completed the spin-off of its power generation systems and government operations segments, and is now a stand alone engineering and construction company focused on the offshore global oil and gas market. (PR)  [View news story]
    Did SA report that BRK.B lost 98% of its value when it split 50:1?
    Aug 2 10:36 AM | 3 Likes Like |Link to Comment
  • The Only Gold Stock I'm Buying [View article]
    Very true. Nixon knew that that American energy policy needed changes, and that was some four decades ago. As long as we stick with "drill, baby, drill," the situation will only become worse and worse as time goes by. Someday in the future, we will have to change. Fortunately, China will be happy to sell us products from its mature alternative energy industries.
    Jul 28 05:13 PM | 1 Like Like |Link to Comment
  • The Only Gold Stock I'm Buying [View article]
    If BP took safety seriously, it would still be making healthy profits in the United States.
    Jul 28 11:22 AM | 6 Likes Like |Link to Comment
  • General Motors is buying AmeriCredit (ACF +22.8%) for $3.5B in cash, in order to "meet customer demand for leasing and non-prime financing for GM vehicles." The deal gives GM an in-house auto lender for the first time since it sold control of GMAC in 2006. (PR)  [View news story]
    Bruce Berkowitz is happy, Fairholme is happy, I'm happy.
    Jul 22 08:26 AM | 1 Like Like |Link to Comment
  • Bank of America: Why It's Scary Being a Bank in America [View article]
    Boo hoo. Plenty of people's portfolios are doing fine. The devastation of your portfolio reflects on your unluckiness, ignorance, and/or stupidity. Perhaps you should channel your bitterness into learning how to achieve better performance instead of crying like a toddler.
    Jul 19 04:08 PM | 6 Likes Like |Link to Comment
  • Apple, Toyota and the Great Media Pile-On [View article]
    The mere appearance of an Apple misstep has been rare in recent years. The media has been holding its breath a long time, and it exhaled loudly.
    Jul 19 11:52 AM | 3 Likes Like |Link to Comment
COMMENTS STATS
254 Comments
704 Likes