People will wait outside of GM dealerships and wait to buy a new car with 0% 5 year loan.
Have you heard Walmart employee got killed by the shoppers? I really worry about your safty.
Tuesday, December 30, 2008
Tuesday, December 23, 2008
My top 10 Gifts for some People. Can you guess who?
Can't do it without Viagra.
Blue one or Red one?
Some Jewlery
A Gun for their protection.
Cars and hot chick.
Jump rope for fun.
Some Cash to buy stuff.
Some stock options that will make them richer.
They can use this to clean up their office.
PJ for cold winter days.
A free House for the rest of their life.
Friday, December 12, 2008
Socialism vs Capitalism
Socialism give the Power to the Few.
Capitalism give the Money to the Few.
Human progressed from giving money and power to the same people to separate money and power to a certain degree.
What is for us next?
Capitalism give the Money to the Few.
Human progressed from giving money and power to the same people to separate money and power to a certain degree.
What is for us next?
Tuesday, December 9, 2008
Lawrence Yun on housing market.
Watch what Lawrence Yun said yesterday.
http://www.cnbc.com/id/15840232?video=955558925&play=1
This is what Lawrence Yun sad today. I think someone is lying. If housing market bottomed, why they want to suck on taxpayers' tits?
Lawrence Yun Of The NAR On Housing:
It Is Important For The Government To Step In
12/9/2008 12:47 PM ET
(RTTNews) - In an interview with RTT News, Lawrence Yun, senior economist at the National Association of Realtors explains why Tuesday's "stable" pending home sales data is "not good news." He says "inventories will not come down with stable home sales…only with a solid upturn." Yun stresses the importance of the government stepping in to aid the housing market. He says "it is critical to get the housing market back into shape and stimulus is required." "The way to turn the economy around is to turn the housing market around and to do that is to provide incentives to the buyers," says Yun. "Without stimulus, we may be in for a long downturn in the economy," he warns. To listen to the complete interview, visit:http://www.rttnews.com/Content/AVDownload.ashx?ID=26674&url=Audio2/2008/December/9/INTV-YUN-PendHomes-12.09.08-lbr.mp3 by RTT Staff WriterFor comments and feedback: contact editorial@rttnews.com
http://www.cnbc.com/id/15840232?video=955558925&play=1
This is what Lawrence Yun sad today. I think someone is lying. If housing market bottomed, why they want to suck on taxpayers' tits?
Lawrence Yun Of The NAR On Housing:
It Is Important For The Government To Step In
12/9/2008 12:47 PM ET
(RTTNews) - In an interview with RTT News, Lawrence Yun, senior economist at the National Association of Realtors explains why Tuesday's "stable" pending home sales data is "not good news." He says "inventories will not come down with stable home sales…only with a solid upturn." Yun stresses the importance of the government stepping in to aid the housing market. He says "it is critical to get the housing market back into shape and stimulus is required." "The way to turn the economy around is to turn the housing market around and to do that is to provide incentives to the buyers," says Yun. "Without stimulus, we may be in for a long downturn in the economy," he warns. To listen to the complete interview, visit:http://www.rttnews.com/Content/AVDownload.ashx?ID=26674&url=Audio2/2008/December/9/INTV-YUN-PendHomes-12.09.08-lbr.mp3 by RTT Staff WriterFor comments and feedback: contact editorial@rttnews.com
Wall Street Lies
I am going to add more on this one.
1. Buy it now, it is cheap.
It is not cheap! Because there is no E(earning) in P/E ratio. And it is getting mighty expensive if you calculate with the real Earning. Someone said on cnbs that the stocks are awefully cheap now. LoL. How about down 50% from what we had in 2002? Since everything since 2002 were lies and bubble.
2. If you can wait 5 or more years, this is a great time to buy.
It take decades for us to build this giant bubble. It ran out mortage from 6,7 trillions to 13,14 trillions in 6 years. And trillions leveraged up 20, 30 times to hundreds of trillions.
So how long will it take for us to create another bubble like this? If we learned our lesson and we won't use the leverage. How long do you think it will take for us to get back to where we was in 2006? That is also depend on we are not going to get worse from here. Which to me is impossible.
1. Buy it now, it is cheap.
It is not cheap! Because there is no E(earning) in P/E ratio. And it is getting mighty expensive if you calculate with the real Earning. Someone said on cnbs that the stocks are awefully cheap now. LoL. How about down 50% from what we had in 2002? Since everything since 2002 were lies and bubble.
2. If you can wait 5 or more years, this is a great time to buy.
It take decades for us to build this giant bubble. It ran out mortage from 6,7 trillions to 13,14 trillions in 6 years. And trillions leveraged up 20, 30 times to hundreds of trillions.
So how long will it take for us to create another bubble like this? If we learned our lesson and we won't use the leverage. How long do you think it will take for us to get back to where we was in 2006? That is also depend on we are not going to get worse from here. Which to me is impossible.
Monday, December 8, 2008
Obama's stimulus package
700 Billion to build Infrastructure?
What will that do? Nothing. To me, it is simply like a bankrupted homeowner borrow some more money to put a new marble counter top in his kitchen before he goes bk.
All these money at best will be used to replacing or repairing the old bridges and roads. We don't need more bridges to nowhere, let alone the bridges to oblivion. So, the stimulus will not provide any additional value to the economy. We will lose tons of 100k+ jobs and create a lot of 70k jobs. It will do nothing to saving this economy.
We need investment in High tech, education(kind of late and won't be fast enough to see effect for a long time). We need to fix the health insurance and medicare system. We need to fix the government. We should have courage to cut defense and govt to 1/3 of it size. Then use that money to cut tax, and lower the medicare cost. We need protectionism come back for at least 10 years. So that everyone can have a job produce something we all need. Without all these measures, we are going to have a long and painful road in front of us.
And again, where will the money come from??? Printing? It could be an answer, but it definitely is not a solution. Yes deficit spending does not matter for now. But still, where will the money come from? Chinese? Forget it, they need money themselves. Arabs? No Way, Crude oil is at 40 bucks now. Japan? I doubt it. Europe are all going broke. And don't count on Mexico, cause we don't need pesos.
What will that do? Nothing. To me, it is simply like a bankrupted homeowner borrow some more money to put a new marble counter top in his kitchen before he goes bk.
All these money at best will be used to replacing or repairing the old bridges and roads. We don't need more bridges to nowhere, let alone the bridges to oblivion. So, the stimulus will not provide any additional value to the economy. We will lose tons of 100k+ jobs and create a lot of 70k jobs. It will do nothing to saving this economy.
We need investment in High tech, education(kind of late and won't be fast enough to see effect for a long time). We need to fix the health insurance and medicare system. We need to fix the government. We should have courage to cut defense and govt to 1/3 of it size. Then use that money to cut tax, and lower the medicare cost. We need protectionism come back for at least 10 years. So that everyone can have a job produce something we all need. Without all these measures, we are going to have a long and painful road in front of us.
And again, where will the money come from??? Printing? It could be an answer, but it definitely is not a solution. Yes deficit spending does not matter for now. But still, where will the money come from? Chinese? Forget it, they need money themselves. Arabs? No Way, Crude oil is at 40 bucks now. Japan? I doubt it. Europe are all going broke. And don't count on Mexico, cause we don't need pesos.
10 Million For Merill Lynch CEO?
How about 10 year jail term as bonus?
I bet 90% of Americans will say Yes.
I bet 90% of Americans will say Yes.
Friday, December 5, 2008
What is Big 3 Bail out is all about?
All these big 3 bail out shows are more political than economical.
It is not about Big 3. It is about who will be the one to get balmed for the action or no action.
Bail or not bail really does not matter. Not bail them, they will bk now. Bail them, they will be bk few month later. But the one makes the decision will get blamed no matter what he chose to do.
All bush, hank want is to push this to the next president. That is why some people are suggestions to just give big 3 some money now. Dems will not do it. Because that will just hand this problem to Obama. Dems want bush and Hank to make the decision now. Right now the question is: can GM wait that long? Who knows. Nobody trust those guys anymore.
Dems want Hank to use the tarp money so that bush admin viewed as the one bailed Big 3. Some want to give big 3 a few billions now. Then the problem will belongs to Obama.
It is not about Big 3. It is about who will be the one to get balmed for the action or no action.
Bail or not bail really does not matter. Not bail them, they will bk now. Bail them, they will be bk few month later. But the one makes the decision will get blamed no matter what he chose to do.
All bush, hank want is to push this to the next president. That is why some people are suggestions to just give big 3 some money now. Dems will not do it. Because that will just hand this problem to Obama. Dems want bush and Hank to make the decision now. Right now the question is: can GM wait that long? Who knows. Nobody trust those guys anymore.
Dems want Hank to use the tarp money so that bush admin viewed as the one bailed Big 3. Some want to give big 3 a few billions now. Then the problem will belongs to Obama.
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