Recent content by SteveD

What was left out of the Buffett article is the two words..."if practical".....vast ownership of individual rental housing looks good on paper.....almost impossible in the real world....it will take an army of people to just manage the tenants.....always remember that no two tracts of land/house...

What is a "taxpayer subsidy"? Homes will go for about 3.5-4 times income...5% cash down, with 15% PMI, and a long term mortgage. Incomes and source of cash will be documented. The tax deduction will be phased out over a 5-10 time period. 2 times income or less would indicate a...

Housing has to go to a price that reflects the average income of the area.....3 or 4 times income is the price of the house....this will, of course, change throughout the country as incomes vary a lot. Also, once CNBC and other media stops focusing on "housting numbers" that will be a sign...

I don't understand the connection between the price of oil and the fall of communism?? Maybe for a few months or a year or two but the price was low from the mid 80"s to the late 90", a period of about 15 years. Cheap oil will produce my favorite law: The Law of Unintended...

With all due respect, the wall collasped in 1989 or so. It was 10 years later that oil went below $10 The EU is fighting for survival as we watch daily. Texas has the been the most robust job market in the US for a number of years. The fallout from the oil producing states, which now...

Oil was below $10/bbl in the late 90's....it can go low and stay low for a lot longer than one can imagine... The second largest source of income for the US Treasury is energy related: royalties, lease sales etc etc XOM, as an example, has more than 1500 institutional owners as per Yahoo...

OUt of the millions of "wronged" and illegal foreclosurs has any one come forward and said: I was making my monthly payments on time and the lender foreclosed on me anyway!!! As far as I know, not ONE person has so testified......the banks didn't say "may I?" before proceeding... The...

The point I was making is that it is difficult, in my opinion, to be doing insider trading if everyone in the world knows about the situation. I would even go so far as to say the smart hedge fund guys were shorting financial firms long before the Feds got involved. Fannie/Freddie have...

Anyone that can spell finance knew Fannie and Freddie would blow up at some point.....been talking about it for the last decade or so...... Anyone who thinks it would be better to let the entire world financial system go under is an utter moron....... SteveD

Isn't the make up of OIH different than other ETF's? I trade BHI and SLB as they follow very close and I think those two are an outsized part of OIH. WTF has problems and HAL has some headline risk. Does any of that make sense, LOL? SteveD

A perfect storm that took many years to develop: Wall Street goes public: GS, MLCO, LEH etc....old structure of partnership had bulk of personal wealth tied up in company and took on all risk..... Banks became "quasi-hedge funds"..... Securitization of the home loan (Liar's Poker)...

I am amazed at the number of "traders" who want to short LNKD... What are you people thinking???? You are nuts! Do the math...there are only 7,500,000 shares out....MOST are in institutional hands....they will probably not loan out their shares as they don't want to be sued after you...

I would say that the IBD courses are the very best if one really wants to learn about the total stock market...trading and investing.. They are priced quite reasonable.... I don't think any method I am aware of has made more people more money than Bill O'Neill's CANSLIM concepts..... SteveD

Does any country use gold as their currency in everyday transaction? As far as I know, all countries have paper money, do they not? Just curious as I am not that versed on the currency worldwide markets. SteveD

They are still responsible for the real estate taxes on property and inventory they own. And, penalty and interest are mounting on past due taxes. AMZN surely does not want this to go to court as they are betting the company on the outcome. If Texas wins case, 49 states will come after...