Why Treasury Needs A Plan B For Mortgages

| December 6, 2009

Treasury Needs Plan B For Mortgages From The Yew York Times By GRETCHEN MORGENSON Published: December 5, 2009 AFTER months of playing pretend, the Treasury Department conceded last week that the Home Affordable Modification Program, its plan to aid troubled homeowners by changing the terms of their mortgages, was a dud. The 10-month-old program is […]

What A Dummy……Really, It Is A Dummy

| December 6, 2009

 I truly out did myself this year with my Christmas decorations.  The bad news is I had to take him down after just 2 days.   There were more people coming up to my house screaming than ever before.  Aflac tried to sell me accident insurance…….then the cops advised me that it would cause traffic accidents as they almost had near […]

Art Cashin From The Floor Of The New York Stock Exchange On Why The Market Is Going Up, This Is A Real Head Scratcher

| December 4, 2009

Include Me Out – It looks like more and more equity investors are adopting the linguistically mangled posture of Samuel Goldwyn.  At least that’s what it looks like from the latest TrimTabs data.  Here’s how Mark Hulbert portrayed it in his MarketWatch column this morning: And November turned out to be yet another in an […]

Just In Case Anyone Wondered About This…….Geithner Clears The Air

| December 4, 2009

Geithner Slams Bonuses, Says All Big Banks Could Have Failed By Robert Schmidt   Dec. 4 (Bloomberg) — Treasury Secretary Timothy Geithner criticized the record bonuses expected to be paid by big banks this year and refuted claims by Goldman Sachs Group Inc. that it would have survived without government aid. Taking aim at what […]

Quote Of The Day….

| December 3, 2009

“The long run is a misleading guide to current affairs.               In the long run we are all dead.”                                                               — Keynes

Federal Debt Held By Foreign Investors………

| December 3, 2009

Stratfor …..Obama’s Plan And The Key Battleground

| December 3, 2009

  Obama’s Plan and the Key Battleground December 2, 2009 | 1155 GMTBy George Friedman U.S. President Barack Obama announced the broad structure of his Afghanistan strategy in a speech at West Point on Tuesday evening. The strategy had three core elements. First, he intends to maintain pressure on al Qaeda on the Afghan-Pakistani border […]

Active Twitter Users…..

| December 2, 2009

From  www.ingerletter.com

Cumberland Advisors Question and Answer Interview

| December 2, 2009

  Comments from Cumberland Advisors, a major institutional investor (full report attached below)……………This is worth the time to read.The number of FDIC-insured bank units rated “F” rose from 2,256 at the end of June to 2,337 as of Q3 2009. Even with the heavily subsidized money center banks added back into the equation, the Stress […]

More On Gold……….

| December 1, 2009

U.S. Personal Income Rose In October, But It Was Boosted By Government Benefits

| December 1, 2009

U.S. Personal Income Rose In October.  But it was boosted by government benefits, says David Rosenberg. Take away the free money from the feds and income actually went down. Income has been going down for a long time in the US. English colleague Brian Durrant wonders why there is no revolution: “Consider a country. For […]

U.S. Commercial Property Loan Defaults Soar

| December 1, 2009

US Commercial Property Loan Defaults Soar-Reports Mon Nov 30, 2009 11:59pm EST By Ilaina Jonas NEW YORK, Nov 30 (Reuters) – The default rate for commercial real estate loans held by banks reached the highest in 16 years and the outlook looks worse, according to a report by a research firm released on Monday. The […]

How The Swine Flu Works…….

| December 1, 2009

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