Financial publication?

[Doc]

www.wsj.com (Wall Street Journal) is way better than reading CNN's spin.  As the old saw goes, consider the source. 

CNN = Communist News Network

 

[knabe]

www.wsj.com (Wall Street Journal) is way better than reading CNN's spin.  As the old saw goes, consider the source. 

Are we actually in uncharted territory?  With world governments involved, will this bear market last as long as previous one (66-82)?  Pray for our country and global leaders as well.

the only role global leaders have in this mess is printing money.  the less they are involved, the better.  think for a minute if they didn't regulate the home loans.  banks would not loan to poor risks.  people would be incentivised to save.  at some point, an equilibrium would be reached, much like the cost of rent and a house payment.  one usually rents to people who haven't or won't save or don't want to own.  when it is not in equilibrium, there is something wrong. the government added an exemption for property tax, interest, etc.  all it did was raise the price of a house by that much, having the EXACT opposite effect on the price of a house, further making it harder for all the red lined people to own.  then the gov stepped in and said, hay banks, you can have a lower % on deposit, and you also have to make these loans or we will fine you.  they also allowed people to purchase 2nd homes with the same rates as the first, just to fuel the economy, intice people to buy more stuff at lowes etc.  when that well went dry, coupled with the interest only loans, 5 years adjustable etc, this created an imperfect storm.  none, i repeat, none of this was based on actual demand.  it was all manipulated by the government who allowed themselves to be talked into that these were good things.

i wish that at least someone would have the guts to say i will do nothing.  meaning, the opposite of the above.  obviously some regulation is ok, like percent on hand, limiting markets for reselling loans and how they are treated on the books due to their risk, and how it affects the percent on hand.  the government hates distributed anything, and will do anything to get rid of it.  for some reason, government thinks it should control the economy.

 

[Show Dad]

Knabe you are spot on my friend! 8)

Markets have recessions it's just a fact of life. Governments have been artificially putting off mild recessions and now have cause one big one.

The key is Europe. This mess started with them (where do you think the sub-prime idea came from) and is much worse there. We could actually see the breakup of the EU or it change, if it gets much worse. How long do you think Germany will want to bail out France?

What we do now will affect our children for the rest of their lives. I know it sounds comforting to have the government look after you. But they can't do it as good as you (the private sector) can. This is what our founding fathers knew and we have failed to learn and pass on to the next generation. We must resist big government solutions and turn to our faith in the "people" (freedom) to bring us out of the current crisis.

JMO

 

[JbarL]

everyone go to the banks and get all there money monday morning ....the banks wont be open tuesday....   i think that would clear things up .........real qick like....make it nice and simple to understand whats going on...its hard to blow smoke up your own butt...but we all seem to be making fools of ourselves checking to see how everone else is doin' it.....jbarl

 

[knabe]

everyone go to the banks and get all there money monday morning ....the banks wont be open tuesday....  i think that would clear things up .........real qick like....make it nice and simple to understand whats going on...its hard to blow smoke up your own butt...but we all seem to be making fools of ourselves checking to see how everone else is doin' it.....jbarl

hey jbarl, i'm still laughing.  supposedly what banks are supposed to do is loan money to the local community and keep it safe.  the interstate banks no longer do this.  they created schemes to extract wealth for themselves and trading mechanisms to extract too much money from transactions, similar to real estate, which won't allow competition to their listing service, and for some reason the courts support this.  banks should'nt be about a trading vehicle to allow betting that the value of a loan will go down.  this motivates them to sell the loan.  not sure what value the interstate and other institutions are providing us other than a vehicle for raising prices for services, less human interraction, and more "profit" for fewer people.  this is why i like distribution of wealth through competition, rather than mandate and the inefficiency of government doing it, because we have to pay someone to administer it, pay their health care, and retirement and put up with their bias, which seems to always penalize success and reward unwarranted consolidation other than to make it easier to "regulate" (and create problems like we have now cause they know best) and be bought by.  to steal a phrase, congress, now in my opinion, is the mafia.

 

[Show Dad]

Knabe & JbarL - The only difference between Congress and the Mob. Is the Mob as ethics! 8)

 

[knabe]

true.

Pelosi - Obama - Reid: The Axis of Taxes, add in the axis of subsidy, the republicans, and under both parties, you have agresssive socialism and corporate facism.  both are apparently in high demand.

 

[oakbar]

The new abbreviation for Reed, Pelosi, and Obama is now  RePO!  They basically want to reposess your wealth and spread it around to those who haven't worked for it.  Today the networks are showing a film clip of Obama from 2000, I believe, saying that the only thing wrong with the civil rights movement of the 60's 70's and beyond was that it didn't redistribute the wealth.  Look forward to Civil Rights plus with the power being on the RePO side if Obama is elected.  Won't that be wonderful for those of us that have actually worked to earn our homes, etc. and put money in a retirement fund.  Apparently, the Dems want to tax 401Ks and IRAs now as well--if there is anything left to tax.  Barack OMarxist will also appoint judges at all levels that will support this type of thinking!!

 

[knabe]

i've decided that it's no big deal to live under obama.  the same stupid people will refuse to save their money and there will be a transition period as consumption will become an even larger component of GDP.  all it will do is make an even bigger bubble than the dot com bubble, the housing bubble.  it's amazing, it's like a contest to make the biggest bubbble.  if only you could sell trading cards with it.  the same people will make money, just like selling pants to gold miners, tv's and donna karon bags to katrina, stock transfer fees in the financial bubbles.  it seems the quickest way to make money is to create an urgent need, get a subsidy, make a company and get out before the fraud is revealed.

 

[knabe]

today's is interesting


http://oftwominds.com/blog.html

 

[knabe]

bump again.  from oftwominds.

A story on construction defects in a newspaper which depends heavily on real estate advertising and new home adverts will be a tough sell--not impossible, but you better have a legion of academic studies and experts, court records and the like to support any contention. And guess what: city officials will be loathe to discuss the liability issues with you, such as city inspectors' role in not catching the construction flaws. Their heads can roll, too, if the whole seamy story gets out.

So what's a "responsible" editor to do? If the whole construction defects story seems to be getting some national airplay, then the editor plays it safe by running a wire story off AP (Associated Press) or another service which safely locates "the problem" in some distant locale out of the local circulation area.

If the issue ever comes up in an editorial meeting, the editor can defend the paper's coverage by noting that the article ran.

A TV station might come across an irate new home buyer and decide to work it into the old "consumer protection" angle; their coverage will generally be limited to a superficial "little guy homeowner versus big bad homebuilder company" without really touching on the core issues of lax oversight and shoddy workmanship caused by inexperienced laborers.

In other words, in real life, journalists and editors can't afford to alienate advertisers too blatantly. Better to run a little story somewhere (public service interview at 4 a.m. or a brief article buried on page C-9) which provides a fig-leaf of "responsible journalism;" meanwhile, the front page or lead story is on the local feel-good parade or celebrity scandal or crime/shootings.

 

[Steve123]

www.daveramsey.com

Common sense. Doesn't think the sky is falling.  Has a class called "Financial Peace University" with great tips for managing your money.  Also has a show on Fox Business Network.