Bust 6576

Bank of America Punishes Customers Who Dare to Have a Balance

You nailed it! But, why live within your means when its just as easy to live within the the next guys means? Borrowing somebody's credit is easy. You can even use somebody's savings
to buy what you want!


On Apr 12 08:38 PM junkyarddog wrote:

> I know all of this is tough, but... why on Earth would anyone have
> a credit card balance? Sorry, I'm not here to step on your toes,
> but what happened to living within your means?
>
> I just want to point out that people made the "mistake" of borrowing
> from the Mafia (sorry, you should have known better). Now they're
> sending their wise guys to collect. And why are you surprised?

Credit Card Cancer

The economic crises was here long before the housing debacle, banking fiasco and what not. We slipped into a situation of having to use the credit card to get through all kinds of personal crises. The credit card companies understood all along what was going on and come up with slippery interest rates, a myriad of charges and any other excuse to squeeze more money (provide inflated credit). They schemed their way into our money problems and had a banquet.

Every credit card holder is not buying yachts and vacations. Many are just trying to keep food on the table since employment is so hard to get and has been hard to get for years. Now that same credit card holder will get a meager stimulus that will have to be used to pay back the credit cards. This should do wonders for our economy! Meanwhile, the slippery scheming goes on. I say rip up the cards; cancel the accounts; bury your money in the backyard( BofA quickly informed me that having over $40,000 in cash is considered hoarding which is illegal) So, chance it. Bring these schemers and the politicians out into the street and make them squirm till every orifice bleeds!!!

USO: Black Gold Waiting to Erupt

Anybody know what Marc Rich and Spanky Green are doing lately?

Panic Is Back - Soros Says No Sign of a Bottom

My 'sow's ear' has depleted appreciably, so I went to the House of Fleas to see what is going on. Everybody had full shopping bags and the little tables from months ago have all expanded. Some to the size of a Winn Dixie! Every vendor was featuring apples! Hmmm. I was amazed but not surprised. I noticed a lot of cash transactions also - no credit cards. Hmmm! Look for some good books in the future like "Grapes of Wrath'.

Your Oil Stocks Aren't Coming Back

I am not a trader, nor, analyst. Simply, a newly retired remnant of 'the good ole days' in the 'Oil Patch'. I have read many of the posts with interest. I noticed reference to the oil industry in terms of demand and production. But, it seems that there is no reference to the industry's ability to 'man up'. the oil industry took a twenty some year hiatus, then, was suddenly in demand and companies were in haste to refurbish equipment, buy equipment, find transportation, hire personnel. The technological transformation during that hiatus changed the whole industry. In o7 the ready availability of experienced personnel that could be placed anyplace in the world practically collapsed. To meet the demand with adequate capacity and capability many companies found themselves bought out by speculators. The option was - to be left out.
I don't think this has changed. It takes up to 11 years to get a kid entering high school interested in math and willing to look at petroleum engineering, through college and then through the mandatory Master degree. This same brain is being hunted by the IT industry as well. This person will need several months to several years in addition to become familiar with the company's business before meaningful production can be realized. The industry's technology as well, is nothing more than computerized 'stone age' compared to what the Russians are doing.

Just because demand may spike to heaven it may just be impossible to meet that demand quickly. While the commodity is still oil; the capability to meet it will be mired in mud - but not the price of that oil.

The Long Case for Capstone Turbine

CAPSTONE MICRO TURBINES ARE A CULTURE UNTO THEMSELVES AND A VERY SPECIFIC SEGMENT OF THE POWER INDUSTRY. REMEMBER "GUNS ARE FOR HOLDIN AND RIFLES ARE FOR SHOOTIN" TURBINES ARE NOT RECIPROCATING MACHINES. WHILE THE USERS OF TURBINES MIGHT BE THE SAME -THE TECHNOLOGY IS TOTALY DIFFERENT AND CALLS FOR IN DEPTH FAMILIARITY BY THOSE THAT DEAL WITH IT. STILL CAPSTONE JUST APPOINTED A DEALER WITH 60 YEARS OF RECIPROCATING EXPERIENCE AND LITTLE EXPERIENCE IN COMPARISON IN TURBINE TECHNOLOGY - THIS SHOULD BE INTERESTING IN THE LONG RUN. COULD BE LIKE TAKING A TRACTOR TO A GO CART EACE, I WONDER WHAT ELSE CAPATONE IS THINKING ABOUT.

Taliman Energy: Analysts Cautiously Applaud Iraq Deal

Yeah, Talisman are a bunch of fools! Roughnecks covered in oil and drunk on imagination! Where did they ever get an idea like that? Everybody watches the news and nobody else come up with an idea like that! I bet they don't even know what to do with their money. Heck they probably ain't got none with ideas like that! That Talisman is a company with ideas! Now, what kind of company is that? No sensable rich oil company will excercize an idea. Only Talisman!!

Vietnam and the New Frontier

Satayboy is right. You should rewrite the post - after you have your Kopi! Nobody plays ball in a mine field. Rewrite the whole post - not just half of it!

Just What Was in Those Fed Minutes Anyway?

The housing crises will be over when a house sells near its real value.
Anybody, with a brain, having worked with hammer and nail and plaster or electric wire - wall board to pipe, always knew a $50,000 house was never, nor, would ever be worth the $250,000, to, $millions of dollars being paid by the "must have or bust" consumer and the "will supply - while the iron is hot" developers, investors and various other opportunist. This all has to do with vanity, gluttony and greed. Once this all tempers - the crises will be over and some will win and others lose!

Is the Wal-Mart Era 'Drawing to a Close'?

This comment originated in Bentonville, ARK!
WMT has been flat for the last 6 years and will remain that way under present business modeling. The only way to evaluate this company is to be aware of what WMT hasn't done - then answer the question why, in relationship to the management of the company. The true answer is their stock performance. Then ask what is WMT not doing today in relation to the earlier answer. You will see that tomorrow is inevitable for WMT a past & present non performer!!