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cszkalak

cszkalak
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  • Markets are killing the chance for QE3 by frontrunning the action (continually bouncing on hope of Fed action). The "liquidity put" will only get triggered at substantially lower levels, says Citi's Mohammed Apabhai. He sees 1,285 in the S&P as a key technical level (S&P is currently 1,325) and additional QE coming only if the market were to decline 12% from here.  [View news story]
    The timing has a lot to do with the outcome of a rain-dance. The election in November may be the most significant Fed datapoint. Ben the Beard will want a positive 401K experience before the worker bees go to the polls.
    Jun 22 09:20 AM | Likes Like |Link to Comment
  • Concerned banks are cutting back on credit approvals first and asking questions later, the FHFA is set to detail exactly what mortgage flaws would trigger a putback request. The story dovetails with an earlier one about the FOMC wondering what good are low interest rates if only a sliver of the population can take advantage? A trend is officially underway.  [View news story]
    The Fed is perfectly rational, the goal is to: (1) serve the interest of their shareholders, the big banks and (2) get Obama re-elected so they can continue the rape of the taxpayers. Once these goal are understood, everything the Fed does makes perfect sense.
    Jun 19 03:39 PM | 2 Likes Like |Link to Comment
  • Greeks are voting for the second time in six weeks in elections that could lead to the country leaving the euro and the bloc breaking up. As far as the EU elites and investors are concerned, New Democracy and Pasok good, Syriza bad, with the outcome to close to call. A wildfire raging near Athens seems to provide an unfortunate but apposite backdrop, but at least the Greek soccer team progressed to next round of the European Championships.  [View news story]
    The Greek vote has no lasting significance, the country is sick and will soon enter chaos. Much of Europe, and the US are just a few steps behind Greece. The western welfare model is broken and must fail. When the “social beneficiaries" outnumber the worker bees the system sickens and then dies. We are at the sickness stage where beneficiaries make a rational choice to choose welfare over work. Welfare now pays better considering minimal skill levels of the beneficiary class. The US is very likely at FULL EMPLOYMENT, so Greece is coming to a neighborhood near you.
    Jun 17 03:26 PM | Likes Like |Link to Comment
  • It's All About The Elections [View article]
    It is all about the US election.
    Jun 15 10:06 AM | 2 Likes Like |Link to Comment
  • Why The Sell-Off In Stocks May Be Just Getting Started [View article]
    Everything "FED" is broken: Post Office, Amtrak, Social Security, DOJ, State, IRS, Human Services, Energy, Health, Immigration, Education, SEC, CFTC, Congress, the Presidency, the Fed Reserve. (Did I miss anything? If yes, please add it.) Everything or anything these incompetent sociopaths claim to be "reforming" will eventually disintegrate. History will show that Benny the Beard, as Sir Greenspeak, were corrupt incompetents. Wherever you put your money in the system, you will be Corzined. Invest in canned goods and ammo.
    Jun 2 09:56 PM | Likes Like |Link to Comment
  • A Lehman-Like Market Collapse Might Be In The Works [View article]
    " Furthermore, the Fed risks its credibility if it stimulates so close to a presidential election"

    Surely the author jokes. Fed and credibility is an oxymoron. Benny the Beard will journey to the Obama mountain to receive re-election enlightenment - print Benny, print....
    Jun 1 09:12 AM | 2 Likes Like |Link to Comment
  • Krugman, Lack Of Demand, Lack Of Jobs And The Future Of America [View article]
    Yes, I agree, that both parties are responsible. You may have missed it but I counted 536 criminally incompetents: 100 in senate, 435 in congress one president. I called it Obamas deficit because he is the current caretaker and the most incompetent in history.
    May 20 11:47 AM | Likes Like |Link to Comment
  • Krugman, Lack Of Demand, Lack Of Jobs And The Future Of America [View article]
    Fed Gov monthly spending 300 Billion. All Fed tax receipts 200 Billion. Obama deficit 1.2 TRILLION per year and rising. Social spending and corruption accelerating as tax collections decrease. All systems operated by the Fed Gov are dysfunctional or broken. The Fed will run out of options, so they will PRINT. Hyperinflation and chaos will follow. Small businesses, savers, seniors are destroyed. Food becomes money - can't print it. Fed Gov collapses as US burns. We can only hope that 536 criminally incompetents from Washington DC will end up like Mubarak of Egypt. There is ample precedent for this scenario and history rhymes
    May 19 11:02 AM | 1 Like Like |Link to Comment
  • Krugman, Lack Of Demand, Lack Of Jobs And The Future Of America [View article]
    The problem is that one hundred senators, 435 congressmen, one President, equates to 536 self-serving, corrupt sociopaths who are directly, legally, morally, and individually responsible for the domestic problems that plague this country. They support the Banksters. May they all end up accountable like Mubarak!
    May 12 11:43 AM | 5 Likes Like |Link to Comment
  • CFA Institute Conference: Fix The Financial Industry [View article]
    "corzined" has become new slang; "enforcement" has become a joke. Financial fraud has become routine, and is at all time highs. Obama wants the wall street political kickbacks, so anything goes. TBTF has gotten bigger. The DOJ is busy promoting voter fraud, no time to go after Corzine's evaporated billions or other illegal donors.
    May 12 11:09 AM | Likes Like |Link to Comment
  • Berkeley's Laura Tyson is worried that if the workforce doesn't keep up with technology, wage inequality will widen further, structural unemployment will increase, and America will be less competitive. More must be invested in training and education, but projected cuts at all levels of government threaten the relevant programs.  [View news story]
    Thank you for your comment.

    Insanity defined as: doing the same thing over and over, expecting a different result. Liberals like Tyson are not stupid people but they have no record of positive national achievement. Playing the "fairness - victimhood" and "race" cards combined with "we are the government, and we will take care of you" is all they have. I believe these ideas deeply undermine the values that made America great: initiative, responsibility, self-reliance, respect for self, respect for others, family, community, country…..
    May 7 11:21 PM | 2 Likes Like |Link to Comment
  • Berkeley's Laura Tyson is worried that if the workforce doesn't keep up with technology, wage inequality will widen further, structural unemployment will increase, and America will be less competitive. More must be invested in training and education, but projected cuts at all levels of government threaten the relevant programs.  [View news story]
    The world has very little need for ditch diggers, backhoes have been invented. The world has a need for inventors of new technology to dig ditchces, faster and cheaper. The "dummies" produced by our high schools will become dope dealers and thugs and will likely end up in jail at a cost far exceeding the wages of a good teacher.
    May 6 10:12 PM | Likes Like |Link to Comment
  • Berkeley's Laura Tyson is worried that if the workforce doesn't keep up with technology, wage inequality will widen further, structural unemployment will increase, and America will be less competitive. More must be invested in training and education, but projected cuts at all levels of government threaten the relevant programs.  [View news story]
    The US started forced busing of students after a Supreme Court decision in 1954. Over 50 years. Educational achievement since that time has consistently declined to a point where nearly half of high school students in black and Latino areas drop out before graduation. White achievement is only a little better. We are nearing the Fed goal of the lowest common denominator: can’t read, can’t write or do simple arithmetic, equally dumb, totally unprepared for the employment needs of the 21st century. Those that graduate are very poorly prepared for the real world. We see the same trend in colleges where majors in “soft” studies with $50,000 in student debt are barely prepared for a job at McDonalds on the night shift; class of 2012 50% unemployed. The short answer to the problem in education is government. Everything run by the Fed is broken: energy, transportation, education, Amtrack, post office, social security, health care; the list is endless. The solution offered by the “politically correct, deep thinkers” like Tyson is to do more of what has proven not to work. Obama also has an answer in his “Julia” reelection slogan, let the government do it for you - bankrupt ideas.
    May 6 08:33 PM | 6 Likes Like |Link to Comment
  • Bernanke Does Not Understand The Depth Of His Powers [View article]
    The Fed and therefore BB are a political tool for a self-serving, incompetent administration catering to the too big to fail crowd. BB works for Obama and the BIG banks, NOT the American people.
    Apr 19 09:17 AM | 6 Likes Like |Link to Comment
  • "When I see Goldman Sachs (GS) pull back risk that much that quickly, I get a little anxious about what could be around the corner," says Nomura's Glenn Schorr. Goldman's "value at risk" (VAR) fell to its lowest level since before the financial crisis, it reported yesterday - this despite Q1's rally in risk assets.  [View news story]
    The lying, cheating, stealing by our self-serving Washington politicians and money printing by the Fed is never ending. They simply can not stop and stay in power. The current plan will keep spinning until it all gets out of control and blow up. The politicians will end up swinging like Mubarak and Qadaffi.
    Apr 18 02:12 PM | 2 Likes Like |Link to Comment
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