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Here Comes a Consumer Killer

Cards are very convenient, but they are a terrible way to borrow. The best way to borrow is NOT. Use a debit card and make sure there is money in your bank account BEFORE you buy something.
Nov 30 18:54 pm |Rating: +3 -1 |Link to Comment |View article
Did Citi Suffer a Run on Deposits?

Do any of you have real opinions, backed by some facts? Or are you just here to bash the author, who I really don't think can move C to his benefit?
Nov 27 19:51 pm |Rating: +1 -1 |Link to Comment |View article
Stock Market Rally: Does It Have Legs?

Time to dust off the ultrashorts again.
Nov 26 22:11 pm |Rating: 0 0 |Link to Comment |View article
What Obama Needs to Know about Tim Geithner, the AIG Fiasco and Citigroup

What would happen if all the CDSs were declared legally null, void, invalid, and unenforceable? Are they providing any overall value in the current situation?
Nov 26 21:21 pm |Rating: +1 0 |Link to Comment |View article
The Consequences of Another 10% Housing Price Decline

The house of cards that is the US dollar is going to collapse. When the value of the dollar drops by half or more, the housing problem will be "solved" by inflation. House prices will go up, albeit in cheaper dollars. Incomes will go up, even if not as much as prices. House payments will be a smaller percent of income. Higher house prices mean positive equity instead of negative. This is what's really going to happen. The current situation is a death spiral that will not be permitted by those who control the economy, specifically the currency. Don't sit on dollars, don't be a lender, do own things that have concrete value apart from currency values.
Nov 26 21:07 pm |Rating: +1 0 |Link to Comment |View article
Citi's Share Price Problem

Wow, what a bunch of Citi whiners! Do you really think the author is trying to, or could, affect the stock's price? Come on. He has his opinion. If you don't like it, state your reasons. Attacking him personally just makes it look like you have no objective basis to your opinion.
Nov 26 00:39 am |Rating: 0 0 |Link to Comment |View article
What Does Bank of America's Decline Mean for the Global Banking System?

There are two things Bernanke and company cannot allow:
* Deflation
* Collapse of the banking system
They will do whatever they think it takes to prevent these. Best guess would be more of the same medicine, massive doses of pseudo-money. I wonder if a patient can die from too much medicine?
Nov 14 21:52 pm |Rating: 0 0 |Link to Comment |View article
In Defense of the U.S. Taxpayer: End Deferred Compensation and Its Tax Subsidy

An incestuous trio of Wall Street, corporate executives, and politicians has created a self-reinforcing system that benefits them at the expense of the country and the average citizen.

The first two bribe the third. Campaign contributions (including indirectly, like those free plane rides) go overwhelmingly to incumbents, who typically are returned to office at about a 95% rate. Both parties are complicit. In fact, under our current system, you simply can't get elected to public office, and then re-elected, without massive campaign contributions. Granted not all of those come from the financial/corporate mafia, but enough do to give them effective control of our government.

Politicians are going to dance to the tune of those who keep them in office. We need an election system that is based on "one person, one vote" instead of "one dollar, one vote". All elections should be publicly financed (and non-partisan to boot). Public officials should be barred from accepting ANYTHING of value from anyone other than their employer, the American people. If you don't want your tax dollars to pay for political campaigns, then you are handing the system over to big money, which is how we have gotten where we are today.

Nov 02 15:58 pm |Rating: 0 0 |Link to Comment |View article
History Suggests the Financial Bottom May Be Near

In the tech bust of 2001+, Cisco stock lost 90% of its peak value. If you bought it when it was down 80%, you would have lost half your money.
Sep 18 02:52 am |Rating: 0