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scoobamang (< 20)

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9

Avoid Credit Downgrade, RobYour Citizens

March 15, 2010 – Comments (4)

Moody's announced today that while the United States isn't in imminent danger of losing its credit rating, the government's 'margin of error has in all cases substantially diminished'. I suppose if the US doesn't make any other errors then we're perfectly safe. Ha! People shouldn't be distracted by the fact that a downgrade isn't imminent because the report also predicts that by 2013 we will be paying, as a country, 10% of our revenue towards interest payments on the debt, which is when a downgrade normally takes place.  [more]

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10

Shady moves by the Fed

November 30, 2009 – Comments (9)

So the Fed is doing something called 'reverse repos' to drain money from the economy. If I understand this correctly they sell securities they have and agree to buy them at a later date. It almost seems like a fancy name for a short sell...   [more]

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4

Obama Wants Domestic Cuts!

November 13, 2009 – Comments (1)

    President Obama just announced that he wants 5% domestic cuts across the board, one of the first things I've heard in a while that actually makes sense! So if a government agency would normally operate on $100 million a year it must now operate on $95 million a year. What I don't GET is all the whining.   [more]

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34

Secret Agents on The Motley Fool

November 12, 2009 – Comments (14)

I'm convinced that at least 2 loser companies actually have employees whose job it is to come on the Motley Fool and discount whatever negative commentary that they find about the company.   [more]

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