market: Are Things really that Bad???
- 12/03/08 07:42 AM
By now we have awakened from our Tryptophan induced comas, and the crash after the Black Friday sales, and Cyber Monday madness... Are things really that bad, or are we being grossly misled? I for one think that the scales may actually bend a little more to the latter than the former. Since we all know bad news sells a lot of Neilson points, and print space we must come to the logical conclusion that if we see it in print we should discount the news. How much is a good question. Here is an interesting fact: nearly 1,000 homes sold … (2 comments)
market: Scorecard on the Economy
- 10/09/08 02:08 PM
What grades would you give: - Henry Paulson, for forthrightness and foresight? - Ben Bernanke, for leadership and ability? - Nancy Pelosi for honesty and ethics? - Henry Waxman for integrity and values?
I am doing a straw poll on this, and am interested in your take on thinigs. My best to you all, Lou Farris … (1 comments)
market: Congress Has Saddled The People - And We Let Them...
- 10/03/08 07:01 AM
For those of you who didn't ready the 450 page rescue bill, you should have. I did, and it is full of lot of things that will in no way help the public get affordable housing, or defcent loans. What we the People have done is to allow the government to grow more cumbersome at our children and grandchildrens/ expense. This is a huge economic problem, but the government cannot possibly solve it through bureaucracy. This will cost us all dearly, and we seem not to care. I encourage you to look at the record posted below for the Senate and … (7 comments)
market: The Voters Were Heard - NOW WHAT???
- 09/29/08 10:15 AM
The measure to rescue private industry was defeated. There are a lot of emotions around this issue, to be sure, and these are running high. We are in an election year, and this further exascerbates the issue. The leaders in the House and Senate showed their true colors today, and although the measure was defeated, they had to admit that the plan that was presented was not a sound or truly workable plan. The Fed, and Treasury DO NOT need such overarching power, and we do not need socialism in the country anyway. The Constitution guarantess that our RIGHT, to pursue … (0 comments)
market: Markets See Saw / People Gew Gaw
- 04/30/08 04:27 AM
As the markets are doing their usual mood swings, and everyone starts fretting and wringing their hands, they need to consider this: the markets are always bouncung around. Warren Buffett makes his money on the panic of other people, buying up businesses, etcc. based on the panic of the general population. He makes his money on the spread between what he buys for, and what he sells at. His investments are carefully calculated, such that expenditures are made to buy a company up at a price that selling it later will create a calculated profit. Our real estate and mortgage markets … (2 comments)
By now we have awakened from our Tryptophan induced comas, and the crash after the Black Friday sales, and Cyber Monday madness...
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