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wkl

wkl
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  • Market Turmoil Could Mean Buy in May [View article]
    My take from your article is you must be a raging bull on the way. No fear from a domino effect? This market will have to test 1065 on the S&P. I think we should wait and see the action at that level before making predictions on where the market will be headed next.
    May 8, 2010. 10:43 AM | 1 Like Like |Link to Comment
  • Will There Be Hyperinflation in the U.S.? [View article]
    Do we even know the supply of money today? I may be mistaken here, but I don't think we even calculate money supply today as we did 30 years ago. At that time was it the M3? And does the Fed even publish this number anymore. It's like they use various economic models that they care not to share just to give us a feel good number. I don't think they even consider debt as being part of the supply. With the liquidity that has been pushed into the system the last 2 years, and demand for goods pick up, Ben will not be able to turn the spigot off fast enough.
    May 4, 2010. 11:23 PM | Likes Like |Link to Comment
  • While Wall Street Revels, Pessimism is Rife on Main Street [View instapost]
    Is hope and change becomming lost hope and disdain? According to the charts, this is the only time we have seen a negative reading. And this includes some very trying times in the late 70's and early 80's. Although that was an inflationary period and incomes were rising, we still had high unemployment.
    May 2, 2010. 09:47 PM | 1 Like Like |Link to Comment
  • Who Cares if Goldman Sachs Bet Against the U.S. Housing Market? [View article]
    So, you don't want to blame the borrower anymore? I blame the borrower for the entire mess, along with the politicians who pushed the banks to lend to anyone regardless of their ability to pay the loans. These people took out loans they could never pay back, or thought they could flip houses like they were stock certificates. They were the ones taking out loans for hundred's of thousand's of $$ and could not figure out the terms of the loan and probably did not use the services of lawyer to help them with the transaction. Our Fed chief at the time, was pushing sub-prime and ARM'S at a time when interest rates were at historical lows. Hey Fed Chief, when interest rates are that low, ARM'S only have one way to go but up! This is not the first banking crisis and it won't be the last, regardless of what financial reform our genius's in DC come up with. All banking failures happen because of the debtors inability to pay his debt. This is also more than a housing crisis. It is credit card debt, and our society thinking we can create wealth by borrowed money. Don't just blame the greed on the financial institutions that are asked to finance the debt, for they have to hedge their risks too. Greed is a society problem where enough is never enough.
    May 1, 2010. 09:37 PM | Likes Like |Link to Comment
  • Almost Family: Growth at a Reasonable Price [View article]
    I have been considering a position in AFAM as a small cap value play. The only word of caution I have going forward is Medicare reimbursements. This company does have quite a bit of cash, and I too wish they would consider a dividend.
    Apr 29, 2010. 06:59 PM | 1 Like Like |Link to Comment
  • Goldman Sachs Debacle: Clueless in D.C. [View article]
    If Paulson & co. had been the loser in the trade, would we have ever heard about it. No one ever cares about the shorts getting a haircut. The debtors who could not make their mortgage payments chose the winners and losers in the housing bubble, not firms like GS.
    Apr 28, 2010. 06:55 PM | 1 Like Like |Link to Comment
  • Grading the Financial Regulatory Reform Bill [View article]
    Linus, Linus, Linus, a C? Don't tell me you are one who is afraid to grade and write notes in red ink. I believe your grade should be incomplete. Resolution Authority, pay now for failure later. Does not sound like too big to fail to me. Derivatives Regulations, sound like a good idea to you to take away the ability to hedge risk on the bad loans lenders are asked to take on? Ratings Agencies, why not an average score from 2 out of 3 or all 3? Bank Tax, too big to fail still intact. Break up big banks, I think during the crisis we made them larger. We still need to separate commercial banking from investment banking.
    Whenever we have a financial crisis we only focus on the lender, never the debtor. Almost all bank failure stems from the debtors inability to repay debt. Instead of Financial Reform, why not Credit Reform? This, of course, would force the idiots we sent to D.C. to stand up and take the blame for their part. Until our society once again levies major penalties to corporations and individuals for bankruptcy, all Reform bills will be graded incomplete.
    Apr 25, 2010. 01:51 PM | 7 Likes Like |Link to Comment
  • Too Big to Fail: Time for a Controlled Demolition [View article]
    Let us not forget that we live in an era of hugh demand for debt, both public and private. Our society has pressed the banks to finance this debt, the quality, the junk, and the subprime. I also realize there were quetionable products that were dreamed up and traded at the big banks. But when our society puts such high pressure on our lenders to finance this debt, both the good and the bad, and we the people default, who is really to blame? If the debt was paid back the way the terms were agreed upon, I feel the banks would have remained healthy. U.S. politics always pushes the blame to the few over the many.
    Apr 24, 2010. 10:43 AM | 3 Likes Like |Link to Comment
  • Slapped by the Invisible Hand: Laying Bare the Root Cause of the Crisis [View article]
    Thank you ebworthen. I wish that more people would discuss the morality topic of Adam Smith as much as the invisible hand. I don't think Adam Smith would have written about the invisible hand without morality being it's equal.
    Apr 17, 2010. 03:26 PM | 1 Like Like |Link to Comment
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