I find it interesting to read the various investment blogs, and the content of most of the postings. Boy have they changed over the years. After investing in this market for 30 years, I even find myself over-using the terms “manufactured fraud” to describe the market. It’s easy to get caught up in it I [...]
What a list! $25 Billion for WFC??? I thought they were supposed to be in the best shape of all.
http://www.msnbc.msn.com/id/28316652/
It is downright frightening to go down that list and see many many banks you’ve never heard of getting $100 Million++ of our tax payer dollars.
This can only mean that people like Roubini and Jim Rogers [...]
He’s right, this a Grand Casino, not for investors. Nobody in their right mind would invest in this mess. This a place to steal money and speculate. It’s fun and exciting. No one will ever trust the stock market again. You could be wiped out in a day. People invested for 10 years and have [...]
Clearly an extension of yesterday’s “Buffer Rally.” As bad as the news is going to be later in the week, they’re putting as much distance on 7,999 as possible to pad anticipated losses.
The market should have already been trading in the 7K range, but two days of criminal, manufactured “gains” have put a nice 500 [...]
The only ones who speak confidently are those who have been saying the same thing for 30 years and now feel vindicated. What is a Trader to think?
We broke 8000. That is bad. The Nasdaq is under 1400, a level less than a third it’s all time high and close to the level of the [...]
The previous update of layoffs: Layoff list grows even more from last week (Update 4)
My guess is we should see a whole new “crop” of “for sale” signs in front of homes pretty soon. I would also guess the only truly “safe” folks around here are military, America’s “growth industry”. I hold no ill will [...]
Ford almost made it there today. The market capitalization of GM is now $1.6 billion versus a market cap of $46 billion 10 years ago at the end of 1998. Ford’s market capitalization at the end of 1998 was $71 billion and today is now $2.99 billion. The combined market cap of both GM and [...]
“In the first half of 2008, GM spent $7.3 million on Washington lobbying activities. Ford shelled out $3.8 million, and Chrysler another $3.3 million in gaining the ears of those who redistribute taxpayers’ wealth.
As the table below shows, in the last 10 years, Detroit’s Big Three have expended $228.4 million in lobbying costs in [...]
While we bleed jobs like a stuck pig, where will profits come from to support stocks?
When are people gonna learn that a country needs good solid physically productive substance first and foremost (and actually only)? Having abandoned virtually all physical productive activity and turning almost exclusively to paper-shuffling scams and largely destructive scams (the medical [...]
America government borrows huge money from foreign countries to boost it’s economy. To make people to buy house, buy cars, computers, cloths, and loan people abusively. It creates demand and heavily debt itself. Now the house is overbought and overbuilt, people default on its loan, foreclosure soars as house price drop. People lost it’s life-saving [...]
Spending 3-5% more than our GDP doesn’t sound so bad, does it?
But that figure is misleading. Our government is currently spending about 25% more than it’s income this year. That is a more realistic gauge of our deficit spending.
How many years would it take to go completely broke and without recourse spending 25% [...]
Since the last 10 years were nothing but growth in debt, the market now reflects more closely, the real economy. Unfortunately, our economy is shrinking as defined by the massive continuing outflow of capital. That means that the market slowly continues to decline in real terms till this problem reverses. The effects on the consumer [...]
I’m so sick of OUR money being used to bail out private companies. Then we hear “government has no money to add more teachers to public schools” - “we have no money to extend Kid-care program” - “socialized medicine would cost too much” - “subsidized Rx program for elderly is out of question - would [...]
Bank Of America $4B Perpetual Hybrid Yields 8.125%
Last Update: 4/24/2008 3:41:52 PM
NEW YORK (Dow Jones)–Bank of America Corp. (BAC) priced $4 billion of Tier I
capital hybrid debt in a self-led deal Thursday, according to market participants
familiar with the deal. Terms were as follows:
Amount: $4 billion
Maturity: [...]
The Yuan and other Asian currencies may continue to rise as they fight inflation with their currencies against the dollar. That will mean much higher prices for everything we import even if we aren’t buying as many. Lack of demand here may not have as much impact as even 5 years ago. The growth of [...]
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