... to gleaming cities and expansive sweeps of new industrialization in 30 years, and what did WE do, print green paper, and save the “goose livered snail darters and cariboos”
You obviously haven’t seen those ‘gleaming’ cities lately, nor tried to breath their polluted air. I was there in October, and it was impossible to get away from stinging eyes and nose, no matter where I was. City, country, hotel room, you name it. Even Hong Kong isn’t as nice as it was 20 years ago when I visited, due to the air pollution. I’ll take the USA for quality of life, thank you. At least I can listen to the birds sing in the US. I only saw maybe a dozen live wild birds total in two weeks in China. The rest were on the dinner table.
There are some very interesting notes out regarding second liens and how they are not reserved for the potential losses they could face. Many first lien holders are also originators of the second liens. Once these HELOC’s term out and payments go to P&I not just I there could be some serious defaults. Interesting and something to keep an eye out for.
The people getting thrown out of their houses aren’t the people buying apple products. And if they dont’ have a heavy mortgage than they can afford to buy an iphone, or ipad. Tiffany reports next week and they will probably report a strong quarter. People with money feel more confident and are spending. We are in a recovery, it may be long and slow, but we are coming back. What wil apple do this week and next week and the week of the ipad release, thats what is important. I don’t think we get the usual sell-off this time. With the new iphone coming, earnings, and ipad numbers, I thing we go higher from here. The dow has not moved in 10 years, but companies have grown, and are cash rich. People will slowly start deploying more money into equities
Meredith Whitney is late. Everybody knows that the new normal is 50% of the old normal. Moreover, securitization continues because securitization wasn’t the problem.
So health care may be passed without an actual vote. A new “strategy” devised today by Pelosi would allow a vote on the changes to the bill and thus implying the health care bill was passed with no one going on record. Amazing. Healthcare if it passes or does not I think could really rattle markets. At this point it’s more about a power struggle in DC and that type of uncertainty is very bad for markets. Anyone that can’t draw the parallels between the housing market / health care / etc with AAPL is possibly simply gambling with their money but hey, it’s their money!
You obviously haven’t seen those ‘gleaming’ cities lately, nor tried to breath their polluted air. I was there in October, and it was impossible to get away from stinging eyes and nose, no matter where I was. City, country, hotel room, you name it. Even Hong Kong isn’t as nice as it was 20 years ago when I visited, due to the air pollution. I’ll take the USA for quality of life, thank you. At least I can listen to the birds sing in the US. I only saw maybe a dozen live wild birds total in two weeks in China. The rest were on the dinner table.
Back to our regularly scheduled program…
I was raised in THIS, at that time and age, we were the third richest city on the planet earth. We survived that age, and today the wealth is still here { for the most part } to look like the latter picture. If some dirt is the price for becoming wealthy, some dirt is better than EATING DIRT, which is the path I see us on today.
And frankly, I see China putting serious money into improving their air now and sooner than later, but NOW they have the money to do so, AND they have the engine of future growth and prosperity new on the ground.
Pollution is a sign of NO MONEY, with money, people can and WILL pay to improve the quality of their lives.
Meredith Whitney is late. Everybody knows that the new normal is 50% of the old normal. Moreover, securitization continues because securitization wasn’t the problem.
I keep telling all you guys about NLY, now paying 16.4% divvies with securitized GOVERNMENT INSURED {mortgage certificates } backing. It is like buying T-bills that pay 5X the normal rate. Backed by the full faith and { PRINTING PRESSES } and credit, of the Federal Gub’ment.
Meredith Whitney is late. Everybody knows that the new normal is 50% of the old normal. Moreover, securitization continues because securitization wasn’t the problem.
I keep telling all you guys about NLY, now paying 16.4% divvies with securitized GOVERNMENT INSURED {mortgage certificates } backing. It is like buying T-bills that pay 5X the normal rate. Backed by the full faith and { PRINTING PRESSES } and credit, of the Federal Gub’ment.
Tan, I placed my investment dollars in gubbament sponsored entities like Banks (wink) because they have the unspoken full faith and trust of the gubbament’s backing. While the best of the Banks preferred only pay about half of NLY in the dividend side, the cap gain side has more upside potential. As I understand NLY, as interest rates climb NLY’s dividend will decrease whereas counter-intuitively, banks make more money as interest rates climb. Notwithstanding, NLY looks like a good equity to own if one has less tolerance for risk.
While the best of the Banks preferred only pay about half of NLY in the dividend side, the cap gain side has more upside potential. As I understand NLY, as interest rates climb NLY’s dividend will decrease whereas counter-intuitively, banks make more money as interest rates climb. Notwithstanding, NLY looks like a good equity to own if one has less tolerance for risk.
Yep, NLY is no longer a cap gain vehicle, but the divv’ies give you a GUARANTEED GAIN, and the accounting is transparent to all, with the back room “smoke and mirrors” totally absent.
PS: FWIW, I own a few banks now, just not the LEPER SISTERS, and have been richly rewarded on the Indian banks, which make the USA banks, seem grossly undercapitalized and reckless in their lending criteria.
In HDB, which has a VERY nice balance sheet, and is growing for REAL now, faster than my domestic choices. I do have some PNC, which was fantastic, till the Fed’s more or less forced them to swallow National City.
The Dodd bill is officially announced in 45 minutes - could trigger a decent sell off.
My President is speaking about health reform NOW!
Why should the market WAIT?
My goodness! All this worry about the Dodd bill, the Fed, the President speaking about health care, and the inevitable passing of health reform. The markets are going to be spooked by all this news! Run! Run! The sky is falling!
Oh, sorry, the market was up again today, on a day when it looks for certain that health reform is going to pass. Sorry, false alarm. Go back to worrying about Google ...
The Dodd bill is officially announced in 45 minutes - could trigger a decent sell off.
My President is speaking about health reform NOW!
Why should the market WAIT?
My goodness! All this worry about the Dodd bill, the Fed, the President speaking about health care, and the inevitable passing of health reform. The markets are going to be spooked by all this news! Run! Run! The sky is falling!
Oh, sorry, the market was up again today, on a day when it looks for certain that health reform is going to pass. Sorry, false alarm. Go back to worrying about Google ...
Ever wonder why many lose money in the markets while others don’t? When aapl and the markets finally correct is that a hedge fund manipulation to create a great entry point for aapl? Please go back to the political threads unless you can add some trading value here. Tell me why the markets are NOT oversold from a technical standpoint, tell me why traders should not worry about a market correction with major legislation that affects 1/6 of the world’s largest economy. I and others trade for a living. It’s my full time job, my source of income. This stuff affects me as a trader and I study it and understand how to trade these events. The intraday thread is a trader thread it’s not an investor thread.
The Dodd bill is officially announced in 45 minutes - could trigger a decent sell off.
My President is speaking about health reform NOW!
Why should the market WAIT?
My goodness! All this worry about the Dodd bill, the Fed, the President speaking about health care, and the inevitable passing of health reform. The markets are going to be spooked by all this news! Run! Run! The sky is falling!
Oh, sorry, the market was up again today, on a day when it looks for certain that health reform is going to pass. Sorry, false alarm. Go back to worrying about Google ...
Ever wonder why many lose money in the markets while others don’t? When aapl and the markets finally correct is that a hedge fund manipulation to create a great entry point for aapl? Please go back to the political threads unless you can add some trading value here. Tell me why the markets are NOT oversold from a technical standpoint, tell me why traders should not worry about a market correction with major legislation that affects 1/6 of the world’s largest economy. I and others trade for a living. It’s my full time job, my source of income. This stuff affects me as a trader and I study it and understand how to trade these events. The intraday thread is a trader thread it’s not an investor thread.
If you study this stuff for a living, then please rationally explain why you and Artman have been SO wrong SO often about these political affects. I get really tired of all the fear related to politics; I also get really tired of conservatives hijacking these threads, thinking that everything they type is the word of god and anything a moderate or a liberal says is suddenly off-topic. Your rant above really belongs in the political thread.
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