Wall Street Breakfast: Must-Know News [View article]
I wish I could get a 50% bonus for fraud and corruption! You don't have to worry about your grandchild's tax dollars; Uncle Sam's debts will be null and void when we become the N.A.U. and move to the Amero.
Fed Notes Indicate Economy's Troubles Aren't Over [View article]
We have long a way to go before the housing/ sub-prime mess is cleaned up. At least the economists are admitting it is a $1 trillion problem, not $200 to $300 billion here in the USA.
There is roughly a 4/1 ratio between median income and average home price. Historically, this ratio should be 3/1. And this was before the days of the $400/month car payment, maxed out credit cards, and health insurance that covers only 65% of actual expenses.
Housing prices will have to come down another 20% before they become affordable. It makes little difference how many choppers full of money the Fed drops on the banks, other than to the bankers!
My Thoughts on Bernanke, Boeing and Citibank [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Fed Notes Indicate Economy's Troubles Aren't Over [View article]
There is roughly a 4/1 ratio between median income and average home price. Historically, this ratio should be 3/1. And this was before the days of the $400/month car payment, maxed out credit cards, and health insurance that covers only 65% of actual expenses.
Housing prices will have to come down another 20% before they
become affordable. It makes little difference how many choppers full
of money the Fed drops on the banks, other than to the bankers!