John Pseudonym

Total Rating:
+19 / -5

225 Comments

    • Mon Nov 10th 11:05 AM | Rating: +4 -1
      Commented on:
      Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?
      1. All wages in bankrupt companies should be cut; hence the term bankrupt and no money, as in on the way to zero pay...

      2. I am not anti-union. I believe unions can be a good thing. Workers should organize to get their fair share of the profits. But that payment should not be written in stone.

      If the company becomes unprofitable, then the unions should step up and do what's necessary to save the golden goose; NOT COOK IT!

      CEO pay is broken and this is another thing the unions should tackle. Insist CEO pay is no more than 10x the average worker pay and falls at the same percentage as the workers pay in tough times.

      What I've described above is not the UAW and that's the problem!
      View article »
    • Mon Nov 10th 10:11 AM | Rating: +15 -4
      Commented on:
      Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?
      "The article makes it sound like these people are making 150 grand a year, when it is closer to 60 or 70. To me that is a wage they deserve"

      Well...THERE'S YOUR PROBLEM>>>

      $65,000 a year per worker to build cars? That's insane!

      If the auto makers were rolling in dough due to the productivity of those $6k workers I wouldn't have a problem; but they're NOT!

      Pay should be cut in half for all employees as a first step and then >>>MAYBE>&... a government handout MIGHT be considered.
      View article »
    • Sun Nov 9th 11:05 AM | Rating: 0 0
      Commented on:
      Welcome to Wall Street, Barack Obama
      "However, for confidence to return, sustained moves above 10,000 for the Dow and 1,000 for the S&P 500 are required."

      Remember how we reached 14,000...the world bought stocks with imaginary money.

      The imaginary money still exits, but the bankrupt publics' access to it is shrinking by the day.

      I've said for years that the final blow will be the direction of cash flow for the average investor and his/her 401K plan.

      A mountain of money poured into stocks through 401k's. As the inflow reverts to an outflow, the market will have no where to go but down...
      View article »
    • Thu Nov 6th 22:49 PM | Rating: 0 0
      Commented on:
      When Will the Recession End?
      This is a new era folks and new "norms" are going to be established.

      We have not simply slowed down on our way to picking up speed again in a few months. The dynamics of the entire system have changed and are still evolving.

      Keep your money safe and wait for the dust to clear. Don't try to buy the bottom; instead wait until it's clear that it's past as there's plenty of money to be made between the bottom and top without timing both perfectly.
      View article »
    • Fri Oct 24th 10:02 AM | Rating: 0 0
      Commented on:
      New York Times: Revenue Plummets, Debt Is Junk
      Craigslists...

      It's killing ebay too. Years back I was an ebay addict; now I rarely visit let alone buy anything.

      Totally hate ebay's new system, that Best Match search is so annoying! When I do find what I'm looking for (if I find it's for sale) the price is crazy!

      Selection at ebay also sucks...

      Last week is was in the market for a tube TV for the kids. I go to ebay and search local as I don't want to pay shipping on a 30" TV.

      eBay results: ZERO!

      Craiglists: about 10 results and I managed to net a 36" tube TV in perfect working shape for $20!

      Now you know why ebay and NYT are dying! Sell that worthless stock!
      View article »
    • Wed Oct 15th 23:09 PM | Rating: 0 0
      Commented on:
      Bank Safety: The Hidden America That's Not in Crisis
      You may overlooking one thing here...

      A small town banker I know participated in the risky loans.

      He made a fortune on the business, but dumped all of the junk on the big banks.

      Now his bank is in great shape to swoop in after the great deflation and pick up the stuff he sold to the big banks for pennies on the dollar...LOL

      Justice can bee sweet...
      View article »
    • Wed Oct 15th 09:55 AM | Rating: 0 0
      Commented on:
      How'd We Get Into This Mess?
      "“How on Earth did we get into this mess in the first place?” The answer, plain and simple, is greed."

      You forgot political corruption...

      The roots of this mess have 3 names attached: Bill Clinton, Robert Reuben and PHill Gramm.

      The repeal of the Glass Act in 1999 and ceremoniously signed by Clinton is where this started.

      Wall Street purchased our Government which dutifully passed the laws to meet the demands of their owners.

      If you want to understand the Glass Act and why it's repeal is at the root of this mess, do some research on the subject. By the time you're done, you understand that (D)Clinton and (R)Gramm sold us out to Wall Street.

      There were plenty of opportunities to stop the madness, but the corruption of both parties runs too deep for common sense and the thought of our well being to take precedence.

      ----------------------...

      The "solutions" are coming from the people that caused the problem and amount to nothing more than making sure they get a refund on their loss.

      The likely outcome will be a serious devaluation of the US dollar and a crushing wave of inflation through our economy and our worthless dollars struggle to buy everything that's imported.

      This isn't going to end well folks...
      View article »
    • Tue Oct 14th 13:41 PM | Rating: 0 0
      Commented on:
      There Are No Simple Paths to Prosperity
      The government is saving the banks as it's all they can do for without the banks we are finished.

      However, the trillions of $$$ it will take to save the banks will come from thin air.

      Here's what's happened and what I believe will happen.

      1. Inflation in hard commodities.

      2. Deflation of everything that was overvalued due to too much easy credit.

      3. Creating wealth from the thin air to save the banks.

      4. Rising inflation which will be the final blow to the American consumption economy.

      5. Worldwide economic recession/depression
      View article »
    • Tue Oct 14th 13:37 PM | Rating: 0 0
      Commented on:
      Chasing Unicorns: The Cycle Gods Are Still Playing with Us Mere Mortals
      900 point short covering rally; plain and simple.

      Everyone short had a big profit on paper.

      Some started to take that profit and drove up the market.

      Others feared losing their profit so everyone panicked and exited their short positions; DOW shoots up 900...

      Very dangerous situation here; not a time for "buy and hold".

      If you're smart, nimble and quick to see the light is a train, then get in and make some money. If not, be happy with your 4% CD return.
      View article »
    • Mon Oct 13th 10:01 AM | Rating: 0 0
      Commented on:
      The Next Bubble?
      "The Next Bubble?"

      How can you miss it; it's short term US Treasuries!

      When that bubble bursts, interest rates will jump. Sending another crushing wave through the system.

      What will burst that bubble?

      1. Lack of confidence in the ability of the USA to pay it's debt; ouch!

      or

      2. All is well and we're back on our merry way to borrow/spend ourselves into prosperity.

      I'm betting on #1...
      View article »
    • Sun Oct 12th 10:41 AM | Rating: 0 0
      Commented on:
      The Devastating Week That Was
      72% of our economy is "borrow and spend".

      72% of economy has come to an end...

      DOW come back to new highs...

      Maybe when our children are our age...maybe...
      View article »
    • Sat Oct 11th 10:13 AM | Rating: 0 0
      Commented on:
      Look What We've Had All Along: The Paulson Plan to Purchase Bank Equities
      This is life support for the dead.

      It's the end of the American Debt era. No longer will the world give us credit so we can go out and buy things we can't afford.

      Not sure what this new world is going to look like, but I am sure that at the center will be the USA slaving away to pay back whatever it can to the nations that foolishly gave us way to much credit.
      View article »
    • Wed Oct 8th 13:25 PM | Rating: 0 0
      Commented on:
      Global Coordinated Rate Cut: Nice Try, but the Party Is Over
      "Michael Shedlock, in your opinion, the end of the world coming?

      Get a life, you blithering idiot.."

      Instead offering insults, how about some insights?

      MS is surprisingly spot on and when I read his thoughts and combine them with others I trust for reasonable insight; I'm better prepared for the future.

      Thanks to MS and others, I moved all of my 401K into much safer investments while the DOW was in the mid 13,000's.

      The way I see it, "blithering idiots" like Michael have spared me a loss of about $165,000.

      Thank you MS and others:)
      View article »
    • Mon Oct 6th 11:50 AM | Rating: 0 0
      Commented on:
      Monday Outlook: Ascendant Fear
      PS> Don't sell today! 10,000 is a very big psychological number. Just as we sliced through 11,000 a while back we shot back above it in short order.

      The same will happen here; a big drop below 10,000 followed by a huge short profit taking rally. That rally is your last chance to get out before DOW 8000/9000.
      View article »
    • Mon Oct 6th 11:49 AM | Rating: 0 0
      Commented on:
      Monday Outlook: Ascendant Fear
      PS> Don't sell today! 10,000 is a very big psychological number. Just as we sliced through 11,000 a while back we shot about it in short order.

      The same will happen here; a big drop below 10,000 followed by a huge short profit taking rally. That rally is your last chance to get out before DOW 8000/9000.
      View article »
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