http://online.wsj.com/article/SB10001424052748703615104575328851710485606.html?ru=yahoo&mod=yahoo_hs
Voltron says: don't buy from goldline; they overcharge. Check prices
at kitco.com
"You hear all this rhetoric about stability caused by homeownership," ... "But the communities that survived the housing bubble the best were the ones that had the highest percentage of renters."
a home mortgage deduction ... essentially "bribes people to buy bigger houses." ... renters offer plenty of social good themselves, helping creating vibrant cities. "The idea that homeownership is always great and renting is un-American is an awful state of affairs," he said.
"An optimist sees the glass as half full. A pessimist sees the glass as half empty. I see the glass as twice as big as it needs to be,"
UltraShort S&P500 ProShares ETF (SDS) topped the list at midday for Buying on Weakness , which tracks stocks that fell in price but had the largest inflow of money.
British Petroleum (BP) topped the list for Selling on Strength , which tracks stocks that rose in price but had the largest outflow of money.
See http://online.wsj.com/article/SB10001424052748704312104575298722612559374.html for the full list of money flow leaders.
I'm not certain who it was that said There is no situation so bad that government cannot make it worse, but as proof of that axiom, I offer the following: [Thanks L!]
Last week, three House members introduced a $15 billion stimulus bill to provide homebuilders with construction loans. Yep - the plan is to build more houses in an attempt to save the housing industry from its oversupply of houses. Irony just died.
. . .
There's ample reason to believe this bill will do more bad than good, and arguments used to justify its existence are easy to shoot down.The National Association of Home Builders, for example, wrote that without this bill and its fostering of new construction, we'd threaten "to end the budding housing recovery before it has time to take root." That's so perfectly wrong, it hurts. You have to put the laws of supply and demand in a medieval torture device to come up with an example of additional supply healing a crash caused by oversupply. When the price of something is falling, increasing supply accelerates the drop. Conversely, removing supply (blowing up houses) lifts prices. No secrets. No magic. No tricks. They call these the laws of supply and demand because there aren't practical exceptions.
Perhaps it's "Hair of the dog that bit him," economic theory. It makes no sense, but which of the stimulus bills did?
Bob Froehlich with Hartford Mutual Funds says ... the bubble could pop when the Fed does what it'll have to do to stave off inflation -- raise interest rates. He says when that happens, today's bonds could lose 30 percent of their value if they're resold on the secondary market.
I keep reading everywhere that Greece is the new Lehman Brothers .... Lehman itself was the new Argentina (2001), and Argentina was the new CreditAnstalt (1931), and CreditAnstalt was the new previous Argentina (1890), and the previous Argentina was the new South Sea Company (1720), which was the new Philip II of Spain, who through his multiple defaults (1557, 1560, 1575, 1596) managed repeatedly to be the new himself. Governments and bankers have been merrily tossing the bankruptcy baton back and forth for half a millennium.
...His 7,583 square foot mansion in Houston, Texas was a losing endeavor, and ... he simply chose to walk away . . .
Chamillionaire played down the severity of the situation, telling TMZ, “when I’m Chathousandaire, then y’all have a real story.”
The Greek Crisis Explained, Episode 1 from NOMINT on Vimeo.
The Greek Crisis Explained, Episode 2 from NOMINT on Vimeo.
The Greek Crisis Explained, Episode 3 from NOMINT on Vimeo.
