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WMARKW

WMARKW
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  • The five-year slide in U.S. home prices will end this year, according to a Reuters poll, followed by the start of a weak recovery in 2013. However, a stagnant 2012 and the meager 1.5% gain expected in 2013 will offer little comfort to the millions of Americans trapped in negative equity — owing more to their mortgage lender, in some cases much more, than their houses are worth.  [View news story]
    To me, the elephant in the room is the backlog of foreclosures. Until that market is cleared, there is an overhang with constant pressure providing supply and thus constant downward pressure on prices.

    The thing that amazes me is there are millions of renters and new family formations out there that are stuck in an alternative because the banks won't let the foreclosures clear (obviously because they don't want to take the hit to earnings and assets). But if they were to let the market clear, then the reset would happen much, much faster.
    Jan 14, 2012. 01:27 AM | 1 Like Like |Link to Comment
  • Jamie Dimon's Medicine To Cure Healthcare, And America [View article]
    Yea....don't worry about those EU sovereign bonds that JPM holds either. Certainly no problem there, right? Of course there are always things out there on the horizon....but you better know where they are and try to mitigate your risk....just like AIG did(n't).
    Jan 14, 2012. 12:34 AM | Likes Like |Link to Comment
  • The Eurozone's Biggest Risks [View article]
    Here's the latest news: S&P downgrades 9 EU zone countries.

    http://yhoo.it/wt4bDL

    "S&P cut the ratings of Italy, Spain, Portugal and Cyprus by two notches and the standings of France, Austria, Malta, Slovakia and Slovenia by one notch each.

    The move puts highly indebted Italy on the same BBB+ level as Kazakhstan and pushes Portugal into junk status."

    Well, happy Friday the 13th. Sucks to be Portugal.....once masters of the universe.
    Jan 14, 2012. 12:21 AM | Likes Like |Link to Comment
  • Happy Friday The 13th [View article]
    Latest news: S&P downgrades 9 EU zone countries.

    http://yhoo.it/wt4bDL

    "S&P cut the ratings of Italy, Spain, Portugal and Cyprus by two notches and the standings of France, Austria, Malta, Slovakia and Slovenia by one notch each.

    The move puts highly indebted Italy on the same BBB+ level as Kazakhstan and pushes Portugal into junk status."

    Well, happy Friday the 13th.
    Jan 14, 2012. 12:15 AM | Likes Like |Link to Comment
  • Likely Eurozone Downgrades Weigh On Stocks [View article]
    S&P downgrades 9 EU zone countries.

    http://yhoo.it/wt4bDL

    "S&P cut the ratings of Italy, Spain, Portugal and Cyprus by two notches and the standings of France, Austria, Malta, Slovakia and Slovenia by one notch each.

    The move puts highly indebted Italy on the same BBB+ level as Kazakhstan and pushes Portugal into junk status."

    Well, happy Friday the 13th.
    Jan 14, 2012. 12:14 AM | Likes Like |Link to Comment
  • Euro sovereign debt yields had more than baked in S&P's latest downgrades (I, II), says Mohammed El-Erian, but that doesn't mean they don't matter. The moves could encourage other agencies to follow, and stand to alter investment flows. El-Erian's broader thesis: "the balance of risks is to the downside, for Europe and for the global economy."  [View news story]

    S&P downgrades 9 EU zone countries.

    http://yhoo.it/wt4bDL

    "S&P cut the ratings of Italy, Spain, Portugal and Cyprus by two notches and the standings of France, Austria, Malta, Slovakia and Slovenia by one notch each.

    The move puts highly indebted Italy on the same BBB+ level as Kazakhstan and pushes Portugal into junk status."

    Well, happy Friday the 13th.
    Jan 14, 2012. 12:07 AM | 1 Like Like |Link to Comment
  • Why Gold-Related Investments Are Slowly Becoming Worthless [View article]
    ltsgt1....are you saying the company/person you sold your Eagles to is going to give you a 1099?
    Jan 13, 2012. 11:40 PM | 1 Like Like |Link to Comment
  • Why Gold-Related Investments Are Slowly Becoming Worthless [View article]
    The really shabby secret is that the moneyed banking families are more than happy to trade fiat currency for your or my gold, or for the gold of all sovereigns. When the final analysis is undertaken, you can rest assured that the banksters will own all the gold and the people will have all the currency.
    Jan 13, 2012. 11:04 PM | 3 Likes Like |Link to Comment
  • Why Gold-Related Investments Are Slowly Becoming Worthless [View article]
    Alex...are you seriously saying that there was no such thing as "fractional" reserve banking under the gold standard? And....do you not consider that one can peg $35 to an ounce of gold or $35,000 to an ounce of gold and as has been done in the past, change that peg on a periodic basis. But ...... could it be that bankers and politicians don't want people to see, or understand how that peg is being changed and why?
    Jan 13, 2012. 11:01 PM | 1 Like Like |Link to Comment
  • Why Gold-Related Investments Are Slowly Becoming Worthless [View article]
    Merlot....hopefully one such courtroom will be examining Mr. Corzine in great detail one day soon.
    Jan 13, 2012. 10:58 PM | 2 Likes Like |Link to Comment
  • Why Gold-Related Investments Are Slowly Becoming Worthless [View article]
    John....I tend to disagree. The government has a number of means of influencing the flow of gold related to international settlement of trade transactions, not the least of which would be to impose tarriffs on imported products to force them into disfavor.

    Also....not for nothing, but I suspect if you and I wanted to enter into a contract for the sale and purchase of a piece of property and the transaction was to be settled in gold, I suspect we could do that without interference from the US government.
    Jan 13, 2012. 10:55 PM | 2 Likes Like |Link to Comment
  • Why Gold-Related Investments Are Slowly Becoming Worthless [View article]
    rjordan....this is a very interesting point. Legal tender laws are the means to enforce the non-use of silver and gold as money. We used to have silver and gold coins. There is no reason, practically speaking, why they could not be used in commerce. They wouldn't even have to have a face value, only a specified weight....say 1 ounce, 1/2 ounce, etc.
    Any Point of Purchase system could be designed to handle transactions in gold or silver very easily. Allow gold and silver in commerce and let people decide what they want to use.
    Jan 13, 2012. 10:52 PM | 3 Likes Like |Link to Comment
  • Why Gold-Related Investments Are Slowly Becoming Worthless [View article]
    Alex...just curious....explain how a gold standard - "restricts the ability of an dynamic economy to flourish properly"? I am not sure I can see an obstacle there that can't be overcome?

    I can sure see why lots of people wouldn't want there to be a gold standard.
    Jan 13, 2012. 10:44 PM | 2 Likes Like |Link to Comment
  • Why Gold-Related Investments Are Slowly Becoming Worthless [View article]
    Sane, I'll jump in here. What if gold is not step three but post apocalyptic ability to jump start ones life again. Post Zimbabwe or Weimar, what did people do who had wealth stored in currency during the crisis. They were wiped out. Only physical hard assets survived. If you had a house before, you had a house after. If you had an ounce before, you had an ounce after. That ounce, just like that house, had some value afterwards that cash didn't. Holders of cash saw their "cash" wealth evaporate.
    Jan 13, 2012. 10:13 PM | 11 Likes Like |Link to Comment
  • Why Gold-Related Investments Are Slowly Becoming Worthless [View article]
    And Recusant....in a gold backed currency where any currency holder can go to the bank and freely exchange currency for gold, then the PEOPLE will decide - using Gresham's law - whether they would rather hold currency or gold, based on their assessment of circumstances.

    In days of yore, that very fact re: international trade balances was a market correcting mechanism for currency values.
    Jan 13, 2012. 07:26 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
10,700 Comments
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