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Buddy Canuspare

Buddy Canuspare
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  • Fannie Mae Demonizes the Victims of the Housing Bust [View article]
    I'm all in favor of being as hard-nosed with down-on-their-luck home mortgagees as we were with down-on-their-luck GS, Citi, B of A and AIG. Oh, wait, we the taxpayers bailed them out. Why should we treat the poor schmuck next door more harshly than we treated Lloyd and Jamie?
    Jun 24 09:25 PM | 2 Likes Like |Link to Comment
  • Thrill-Ride Thursday: Jobs or Bust! [View article]
    If the Republicans who held control of Congress prior to 2006 had fought the wars in Iraq and Afghanistan on the books instead of off, if they had closed more bases and brought more troops home from Germany, Japan and South Korea, if they had been willing to sacrifice Cold War-era weapons programs like the F-22 and the Osprey on the altar of reduced government spending, I'd have an easier time accepting them as guardians of the budget today.
    Jun 24 09:04 PM | 4 Likes Like |Link to Comment
  • Just One Safe Haven [View article]
    Again, it appears that the strong caveat is "Gold, not silver." I still don't understand why.
    Jun 20 07:47 PM | Likes Like |Link to Comment
  • Who Is Committing Mortgage Fraud? [View article]
    My hope was that it would drive sellers to lower unreasonable prices and expectations.
    Jun 16 10:41 PM | 2 Likes Like |Link to Comment
  • Who Is Committing Mortgage Fraud? [View article]
    Step over to the other side of the street for a second. It's not just the buyer, it's the seller. A 20% down payment requirement restricts the ability of the seller to price a property for the fantasy profits sellers were seeing at the peak of the bubble. There won't be many buyers able to pony up a 20% down payment for a $450,000 house. Sellers won't be happy - and who among us hasn't been a home seller at one time or another?
    Jun 16 12:46 AM | 1 Like Like |Link to Comment
  • Richard Koo, Nomura's chief economist, says reducing fiscal stimulus now would be folly, given that the private sector is still deleveraging. "Until people realize that they have contracted a completely different disease called balance sheet recession - where the private sector is minimizing debt instead of maximizing profits - a constructive policy dialogue is not likely to be possible."  [View news story]
    Oh, my goodness! So you favor highly regulated markets?
    Jun 15 11:41 PM | 1 Like Like |Link to Comment
  • High Dividend Stocks: An Alternative to Fixed-Income Investing [View article]
    This is a factor that I think goes un-accounted for in discussions of future US hyperinflation. What if demand just doesn't come back?
    Jun 11 11:32 PM | Likes Like |Link to Comment
  • Is Physical Gold a Good Investment Idea? [View article]
    Heavy emphasis on GOLD. Silver's in the tank again.
    Jun 5 04:47 PM | Likes Like |Link to Comment
  • Time to Be a Contrarian [View article]
    If we all are, none of us are.
    Jun 5 04:36 PM | 3 Likes Like |Link to Comment
  • Time to Be a Contrarian [View article]
    Don't wait too long - watch out for demand destruction. The move to electric cars has begun, and the fleet may turn over faster than anticipated. Consumers are keeping their cars longer due to the recession, and by the time they're ready to replace, plug-ins like the Chevy Volt and Nissan Leaf may be available in quantity. Even Ferrari and Porsche are developing hybrids. Researchers are working hard on biofuel substitutes in the jet fuel market (see
    Jun 5 04:31 PM | 4 Likes Like |Link to Comment
  • Time to Be a Contrarian [View article]
    Gold is THE alternative currency - right? Note that silver is tanking as well.
    Jun 5 03:59 PM | Likes Like |Link to Comment
  • Time to Be a Contrarian [View article]
    AssetReset, based on your statement, I presume you're long Japan these days.
    Jun 5 03:53 PM | 2 Likes Like |Link to Comment
  • Time to Be a Contrarian [View article]
    If that's so, where do you stand on gold?
    Jun 5 03:47 PM | 1 Like Like |Link to Comment
  • Have You Seen M3 Lately? [View article]
    Regular gas at the corner station is down 15 cents in the last two weeks, Memorial Day driving notwithstanding.
    Jun 3 01:33 AM | Likes Like |Link to Comment
  • Rep. Bob Markey says he's not sure if BP (BP) was "lying or incompetent" in its initial estimate that 1,000 barrels/day of oil were escaping into the sea. Markey told CBS's Face the Nation that given BP's tainted track record, he has "no confidence" coming measures will be successful: "I think they do not know what they were doing."  [View news story]
    As it should be, eh? By staying in their offices looking at dirty pictures, they were minimizing their deleterious effect on the workings of the free market.
    Given that government interference was already minimal, though, and disaster struck anyhow, how does the case get made against further government interference?
    May 31 01:18 AM | 1 Like Like |Link to Comment