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  • Bailouts Must Be Odious
    I think by now some people are catching on that Paulson is paying off his friends in the financial industry. Beyond that he has not a clue what to do next. This means that he laying the ground work for the one thing that will destroy the industry, Obama socialism. We then get the worst of Paulson's nightmares a depression. Be scared!
    Nov 14 10:33 am |Rating: +2 0 |Link to Comment |View article
  • Predictions for 2009: Who Will Be the Winners and Losers?
    Yes, indeed there was Wall Street greed. They should not get off the hook. Return to the sensible bank restrictions of the 1930's is a must. Thanks to Bill Clinton these were abolished. We see the result of that stupidity (greed again).

    There was also moral failure on the part of our Congressional representatives. Barnie Frank and Christofer Dodd come easily to mind. Numnuts like the theologian Nancy Palosi tried to fix our problems with more of the same left wing verbal garbage. She should not get off the hook. As for Harry Reid, he may get away with it because he has kept quite. Nonetheless, his inaction should also be noted.

    We should also remember the Republican Congess of only a few years ago who spent like drunken sailors. This should help the present Federal Reserve and the President to understand that mindless spending may not be the answer. They have learned nothing.

    No one should forget Alan Greenspan for his low interest rates. College students who take Economic's 101 new better than this successful self promoting hack.

    Then there is George W. Bush. He was a true failure of incredible rank. He succeeded at nothing and caused economic chaos on his countrymen.

    The main problem today is there is no one out there, in power or about to be in power, who has workable and sound ideas. This, alas, includes "the One".

    In the end it is we the voters who are to blame. We idiotically resend the same hacks and morally reprehenseable hacks to Congress. We have our reward.

    We will get out of this to be sure. In what condition is impossible to know. But I will bet it will take many years. Those predicting 2009 as turn around time are deluding us.

    Happy New Year.
    Jan 01 12:56 pm |Rating: +1 -2 |Link to Comment |View article
  • Fed Won't Disclose Who Got the $2 Trillion; Bloomberg Sues
    I can't believe it. The public and the Congress lose confidence! There is no faith in our public and private institutions now. This is NOT a possible future possibility.

    We all know we have been "bamboozled"...

    Actually, transparency, even if all bad news and bamboozalama, would at least let us know what happened, is happening and a chance to influence our future. That would give us faith.
    Dec 15 13:11 pm |Rating: +1 0 |Link to Comment |View article
  • The Poor, Poor Dollar
    The dollar will remain a reserve currency although in mixed baskets. Why? It simply is because there is no other currency to take it's place.
    Dec 12 08:31 am |Rating: +1 0 |Link to Comment |View article
  • Brazil: One of the Best Opportunities in Emerging Markets
    What!

    I live here in Rio. People are losing their jobs. The currency is losing value fast. Stock market in tank. Credit crunch is about to hit big. Long long term investment is a maybe. Remember, the present admin of Lula is almost over. There is no successor worth mentioning. Be careful. Be scared.
    Dec 04 08:16 am |Rating: +1 -1 |Link to Comment |View article
  • Enjoy the Strong U.S. Dollar While You Can
    Obama, like all or presidents, does not have a financial or economics background. He is hiring the dregs from the past. He is getting high praise for his choices because everyone is relieved that they are not Marxist (though he is).
    The dregs are mostly from the Clinton administration. Remember, they oversaw the tech bubble-Crazy Al-Fannie Mae-Freddie-excessivel... low interest (read foundation for housing bust). Yeah! New team by rear. Same old dregs.
    We are in for it. Devaluation will be nasty nasty.
    Nov 26 10:15 am |Rating: +1 0 |Link to Comment |View article
  • Three Possible Explanations for the Dollar's Strength
    The real story here is not the rise of the US$ but the slow death of the phoney €. It has no backing. It has no gold or central bank backing it. Italy hates it. The German people dispise it. The French wonder what they were thinking. It's birth was not financial but a political snub to the U.S. It has proven a tragic move for Eastern Europe. Viva il Deutchmark!
    Oct 23 09:35 am |Rating: +1 0 |Link to Comment |View article
  • Implications of a 'Failed Detroit' Are Hurting the Dollar
    The reality is that bankruptcy is the road for a strong auto industry. This would be a reorganized Detroit and the foreign manufactures in the United States. Combined they will be a powerful industrial component.

    Alas, this reality is not the short term perception and may, short term, influence the dollar in a negative manner.

    It is ironic that the United States was a main cause of this world wide mess yet may come out stronger than ever. The EU will remain weak for a long time saving the power of the dollar. This will give Washington time to put it's debt in order.

    Under Obama, with his expensive spending plans, may kill this. We shall see.
    Dec 12 08:27 am |Rating: 0 0 |Link to Comment |View article
  • U.S. Dollar: The Next Bubble to Pop
    I agree that the danger is always there. What does and will save the dollar is that there is no where else to go. Most people do not have or understand gold or silver coins or bars. So they will demand paper.

    The € is far closer to being doomed than the US$.

    I think what may happen is some form of dollar devaluation which the € zone and others will be forced to agree to. You may call it bankruptcy but that word will not be used.

    Trillions more will be printed by Obama. Stimulous packages are now the worldwide rage. They are unpayable. Oi! Vey!
    Dec 08 08:38 am |Rating: 0 -2 |Link to Comment |View article
  • Dollar Rally Should Continue As Recession Reality Sets In
    What ever the reasons for this horrid economy, I am fine. Why? I live in Brasil where nothing was going to be affected by the American and EU problems. Lula got bad advice on that one. The credit crunch has arrived. I now get over 30% more R$s than before. The worse the news from home the better for me. Life is wierd.
    I just can not figure on how I will survive when the dollar dives for the ocean bottom.
    Dec 03 21:19 pm |Rating: 0 0 |Link to Comment |View article
  • The Euro Bubble Is Gone. It Will Not Reflate.
    It is actually worse for the €. I assume that things will get worse in €uope. This will bring a stronger dislike for the EU in general.

    Citizens of various countries in the EU are well aware that they have little or no say in the direction of the EU - political or monetary. Remember, only Ireland, God Bless Her, was allowed to vote on the new faux constitution. There is a lot of resentment below the elites.

    When the economies get even worse in the next four quarters there will be a rush to blame. Guess who will get the blame? The EU. Next, if not first, will be the €. The German people hate it. The Italians never liked it. There will be heavy preasure for member states to get out of the €. I am not saying they will succeed but the movement will be much stronger than the elites are foreseeing.

    I am sadly proud. I predicted the demise of the € even as it was being forced down the European throat. If they are smart, they are not, the elites will either join in with the general population our find some alternative to the €. The only alternative is a return to EU as a community based on trade. They will not do this becasue of the jobs and titles the elite hold.

    Good bye €!!
    Nov 26 10:36 am |Rating: 0 0 |Link to Comment |View article
  • G-20 Summit: A New World Order?
    The sorry truth is not one member of the G-20 is going to agree to anything of substance. Countries like Brasil want hand outs even though they have large dollar and € reserves.

    In truth all the currencies are heading to zero value. None of us will like it and many will suffer but depression is the answer.
    Nov 13 10:15 am |Rating: 0 0 |Link to Comment |View article
  • The G-20 Sings a Song of Sixpence
    The IMF lost any meaning for decades and is still around. Useless and best know for pasture and reward for political hacks and people needing a line on their resume.

    If every country is near broke where will this IMF get the money to shore up Iceland, Russia, etc.?

    This crisis lacks anyone who really understands what is going on and who has the following to push a solution through.
    Nov 13 10:04 am |Rating: 0 0 |Link to Comment |View article
  • As U.S. Moves to Minimize Foreclosures, Could GM Go Under?
    It can not go on forever. The market must know that. Yet, it begs for another bailout. AIG and the bank bailouts are not working. Excuses like the good results just have not taken effect yet are not to be believed. If this were the truth then he would not have changed the usage of the bailout money.

    The GM bailout is a payoff to the unions pure and simple. GM can go bankrupt just like any other company and reorganize. The unions have paid the Democrat Party with donations and campaign workers. They want payback. Just more moral corruption.
    Nov 13 09:50 am |Rating: 0 0 |Link to Comment |View article
  • How Will an Obama Administration Affect the Dollar?
    The world financial community must be daft to buy our notes and bonds. They must be aware they are as valuable as Tsarist Bonds. We have betrayed our trust as sellers of these instruments. Perhaps the money in the rest of the world is even more worthless? Could be (it is!)!

    The game will go on for awhile. Then the new Marxist president will start spending on a grand scale and the world will finally note that we are broke but have superior printing machines.
    Nov 06 11:26 am |Rating: 0 0 |Link to Comment |View article

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