October 21, 2009 –
|
RELATED TICKERS: BAC
, C
Forget the Zombie banks, these giant slow moving zombies can easily be avoided by nimble businesses and investors (- just make sure you've got enought ammo), but the zombie homeowners in California, Florida and Nevada are really going to drag on the economy. These pitiful creatures have been infected by the "Option ARM" virus (believed to have been invented in a lab on Wall Street) Their finances are totally infected and they don't want to be "cured". The infection typically has a five year incubation period but when it is activated, well, it wipes out second mortages, and leaves huge holes in bank balance sheets. Worse, these zombie consumers typically expend all their financial resources trying to save their home instead of cutting out the infection as soon as possible and accepting the loss of their house. While the banks like this (they do get a few more payments) the long term effect is to create a "zombie" consumer, alive but unable to consume more than brains (on sale at the supermarket). This has already spilled into the regular economy leaving investors looking at all their stocks to see if the infection has spread. This Foolish investor doesn't see much of recovery coming, because housing (or autos) typically leads any recovery. Zombie consumers are buying either any time soon. [more]
October 16, 2009 –
Well I wish I knew ! I don't know about you out fellow readers, but when I looked at my 401K the other day, it had made a nice recovery. So nice I started to get nervous. I don't know about you, but a 50% gain (since the march lows) strikes me as good - too good. I mean foreclosures are still rising, the government is deep in debt and determined to get deeper, so why is Mr Market moving upwards. What the hell is he pricing in ? [more]
October 14, 2009 –
Yup, Health Care. Hell the bubble is already underway. What am I talking about ? OK, perhaps I'm all over excited about the idea I've found the next big bubble that will have to be burst at some point in the future. So let us stop and take a look at the growth and projected growth in health care spending.One report (on NPR) has said that the average family will be spending 40% of their income on health care within 10 years. This is of course based on the stupid idea health care inflation will continue to grow at 6% while real incomes grow not at all (see past 20 years). [more]
October 07, 2009 –
|
RELATED TICKERS: ESP
No CAPS reccomendations at all. Small Cap, Dividend, No Debt. Fools with knowledge of Espey Manufacturing & Electronics Corp. (ESP) are invited to comment on this stock, because it looks promising to me, but I don't know beans about it.
Is this an undiscovered nugget of investing goodness or is it a dud ?
October 06, 2009 –
|
RELATED TICKERS: C
The market ticker finds some great stories. M. Moore, Michigan populist is collecting kudos and flack for his presentation of the other side of the story of American Capitalism as practiced in the early 21st Century. But perhaps we are better served by Melissa X. Now the Melissa X link is to a dangerous lefty web site, so the slant is openly hostile, however, the problem is with the facts reported. Melissa X through Pam Marten has exposed the seedy bottom feeding of the big boys. This is important, because it's how we got into this mess in the first place. It's also why (rally not withstanding) I read the marketticker and don't believe we are out of the woods yet. [more]
Terms & Conditions
RSS Headlines
Fool UK