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billknowsall

billknowsall
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  • Hitting the wires as Europe closes is Ulrich Schroeder, the head of KfW - a German Development Bank. Saying many banks are hardly able to finance themselves, he believes the current situation of the banking industry is much more dramatic than 2008.  [View news story]
    You're a trophy husband too? Regards, BKA
    Sep 5 09:15 PM | Likes Like |Link to Comment
  • Recession? No. We're In The Second Great Contraction [View article]
    Can you say "Solyndra"? The gov't has no business picking winners and losers. The $billions wasted on the solar crackup would have funded lots of other stuff, or even better, could have just not been spent. Obama's little boondoggle (see Bruce Krastings' post on zerohedge) briefly put people to work making crap nobody wanted at prices that did not cover costs. The EPA? Puhleeze! On a way smaller scale, they might serve a purpose. In its' current state, it serves merely to push the agenda of leftist losers and kill jobs to make more of us beholden to democrats.
    Sep 2 01:19 AM | 2 Likes Like |Link to Comment
  • Wednesday Wheeee: We Are Shaping Up Nice [View article]
    Phil- nicely done!
    Aug 31 11:30 AM | 2 Likes Like |Link to Comment
  • Debt Downgrade: S&P Could Be the Big Loser [View article]
    As a Blackrock guy said on BNN this morning, his guys are paid to be ahead of S&P in debt evaluation, not behind them... Jeff, 98% of what you wrote is garbagio. If you don't agree with S&P, you are free to trade against them. Oh, by the way, nice call to buy the market on Friday. How's that working out for you? Regards, Bill
    Aug 8 01:12 PM | Likes Like |Link to Comment
  • Debt Downgrade: S&P Could Be the Big Loser [View article]
    Uhh, jrhc meet mirror. Are you really this ignorant of basic economics? Private investment/consumption is always superior to government spending in that the individual using his own money is always going to be more stringent than someone spending cash that is not their own... I notice lately a lot of leftie leaning writers on SA who are new. Invasion of odumma trolls?
    Aug 8 01:03 PM | Likes Like |Link to Comment
  • The Debt Downgrade and the Summer Crash of 2011 [View article]
    Michael, nice job. Your timing is spot on. Covered my short early, looks like your prediction of a 1 ratio is here...
    Aug 8 12:51 PM | 1 Like Like |Link to Comment
  • VXX or VIXY: Note, Fund, Or Stupid? [View article]
    I got owned on vxx last year. Expensive lesson to leave alone that which I did not understand. This thing is a loser even when it shouldn't be.
    Aug 3 09:15 AM | Likes Like |Link to Comment
  • The Dow Jones Economic Sentiment Indicator fell to 41.5 in July from 44 in June and 46.6 in May - that's the largest two-month decline since the fall of '08. In addition to the debt ceiling standoff, high oil prices, a soft housing market, and weak corporate earnings also hurt sentiment. Today's manufacturing data probably won't help matters.  [View news story]
    Nice Avatar
    Aug 1 03:39 PM | 1 Like Like |Link to Comment
  • Paul Krugman believes the debt deal is a "disaster" and a "catastrophe on multiple levels" that "will damage an already depressed economy; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana republic status."  [View news story]
    Well said Jerry.
    Aug 1 03:31 PM | 1 Like Like |Link to Comment
  • The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.”  [View news story]
    Bob A- I am assuming that you live in Europe. The demographic trend there is well established as the tide of immigrants is swallowing French, Dutch, German and English culture. Sharia vs Magna Carta. I say, embrace away as minerets replace steeples everywhere. Report back in 20 years and tell us how it's going...
    Jul 28 11:23 AM | 2 Likes Like |Link to Comment
  • The debt default impasse appears to have Wall Street veterans more worried than they'd like to admit. "Trading floors Street-wide are unusually well populated for this time of year," one trader says. "You will see very few people on vacation."  [View news story]
    take your haldol and go to bed monngie- obammy needs you bright eyed and bushy tailed in the morning.
    Jul 28 01:45 AM | Likes Like |Link to Comment
  • The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.”  [View news story]
    Europe is as big a mess as we are. The euro is on thiiin ice. PMs seem to be the safe haven of the year, but too crowded for me... Cash for me with a bit of oil.
    Jul 27 01:17 AM | 4 Likes Like |Link to Comment
  • The sky hasn't fallen, and the Obama administration's persistent warnings that the market would react negatively to the debt ceiling crisis may have undercut its negotiating position. “They have lost all credibility,” former TARP chief Neil Barofsky says. “It’s so typical of the way Treasury and the Fed treat everything - always to warn that Armageddon is coming.”  [View news story]
    obama does have a core- free travel for michelle&kiddies, free all-you-can-golf for him. Gypsies in the palace...
    Jul 27 01:12 AM | 3 Likes Like |Link to Comment
  • McDonald's (MCD) plans to significantly overhaul its current menu with an eye toward providing "improved nutrition choices," such as reducing added sugars, fats, salt and calories via changing portion sizes and product reformulations; and automatically including fruit or a low-fat dairy option in every Happy Meal. Michelle Obama praises the move.  [View news story]
    Who in hell would believe anything coming out of an obama? It is not any of their damned business what I eat or where I eat it. Afikman, if you don't like the social costs, than get out of socializing healthcare and leave us the hell alone! Global warming, nutrition,healthcare, everything is a crisis with these creeps - except the state of our national finances. That was only a crisis in need of control when bush was prez (ref obama 2006 speech about debt ceiling). Meanwhile, golf every day, fantasy trips for michelle, kids, grandma & friends all on OUR DIME...
    Jul 26 03:02 PM | 3 Likes Like |Link to Comment
  • $2 Trillion Tuesday: Still No Deal [View article]
    People with phil's mindset are the reasons why my family left the democrat party and I left New York long ago.
    Jul 26 10:59 AM | 7 Likes Like |Link to Comment
COMMENTS STATS
266 Comments
652 Likes