Search results

There are tons of people maxing out their credit cards right now and then just refusing to pay the balance off. They are BK anyways, so what are the credit card companies going to do? This is why so many credit card companies slashed credit lines from the lofty area of 20k to 1k or less...

Californians are too stupid to realize they ran out of money until their credit cards are declined. Look at the homes they bought two years ago and what they're worth now. Even their state government (aka the taxpayers) will be 28 billion dollars in the hole by 2010...

Mvic I agree with most of what you have had to say in this thread, but I have an uneasy feeling that there's a...I guess one could consider it a 'backlog' of redemptions that have either been called or will be called, but not satisfied yet, and that the forced selling will have to continue...

This is not necessarily my view, but I wanted to post it because it stimulates the fundamental debate about exactly how deep and long (and how much worse) the recession will be. This is not a knock on Hank Paulson. It’s simply that we can’t afford two months of transition where the...

No problem. A-Squared literally nuked it - the only program that could.

The unions are on crack, and the jobs' banks are idiotic. This is why I despise unions - sometimes I believe they would rather kill their host and themselves in the process, than make concessions that would allow both of them to live. Having said that - the domestic automakers must be...

Citi's customers will 'never sleep' this weekend.

I sure as hell would get any of my money out of E*Trade as fast as possible - I could give a shit about their alleged insured accounts or anything else. Under $1 a share? They were investing money in mortgage-backed paper? Are you f**king serious????

I really like your reasoning, but am not convinced commodities will recover as fast as conventional wisdom seems to believe at the moment.

Wall Street banks and brokerages received 2 trillion so far from the government. That is nearly 100x what the domestic car makers are asking for, as a loan, to try and survive. I agree the union has to go, but am not willing to let a critical manufacturing sector just be flushed away into...

http://online.wsj.com/article/SB122714126820842751.html THE WALL STREET JOURNAL NOVEMBER 20, 2008 Ignore the Stock Market Until February The current volatility is less about fundamentals than forced selling. By ANDY KESSLER Down in the morning, up in the afternoon. Or is it the...

If you buy a 'basket' of foreign currencies - maybe 6 or more, for example - does this make sense as a 'hedging strategy?'

I'm so glad the market and real estate didn't start tanking until it was clear that Obama had won. Not. Accept the 'Bush Decession,' you Bush boot-lickers.

Ditto. This will be worse than 81-82, though, because the plants/factories were temporarily idled back then; now, they're gone. Cheers.

I would've called you a CT'er a year ago, but you are making too much sense now!

So you're going to wait until our economy resembles Sudan before you're going to call a bottom? :eek:

Very possibly, especially in certain sectors.

I can't grasp the rational of the argument that the equity route is over as the economic fundamentals continue to deteriorate around the globe: U.S. manufacturing is at an 18 year low and declining, the unemployment rate is at a 16 year high and rising, and those receiving unemployment benefits...

http://news.bbc.co.uk/2/hi/americas/7741049.stm US global dominance 'set to wane' US economic, military and political dominance is likely to decline over the next two decades, according to American intelligence agencies. US clout will weaken as China and India grow more powerful, the...

Here's a good BBC article involving the long term risks to the U.S. Dollar as the major reserve currency: http://news.bbc.co.uk/2/hi/business/7684397.stm