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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: westpacific who wrote (86570)9/19/2007 12:32:17 PM
From: Mike Johnston  Read Replies (3) | Respond to of 110194
 
Next few years will be tough, it is every man for himself.

Expect massive fraud, theft of corporate assets, bankruptcies, takeovers involving kitchen-sink accounting fraud and stripping of assets, corruption, bribery, false earnings reporting, manipulation, bailouts, intervention, government data leaks, false economic numbers, propaganda and money printing.

This will culminate in flight of assets and people out of the country, social unrest and hyperinflation.



To: westpacific who wrote (86570)9/19/2007 1:28:08 PM
From: $Mogul  Read Replies (3) | Respond to of 110194
 
He could be the worst Fed Gov. ever. Unreal he is doing this to the country.

Fiscal Republicans should be outraged.

Fed's Bernanke: Raising GSE loan limts should only be "temporary" - GSE portfolio size and makeup should be 'tied to reforms', Fed will continue active role in mortgage markets
- Feels that Congress should reform GSE regulator, not overrule it
- could aid subprime borrowers without adding risk <related: FNM FRE > 09/19/2007 13:23:24



To: westpacific who wrote (86570)9/19/2007 2:54:48 PM
From: Mike Johnston  Respond to of 110194
 
INFLATE OR DIE

This goes beyond mere subprime bank problems......

At the moment that tax means you need to make 17% a year for your money to keep its current value. 17% equals no gain, just to stay even. And if this insanity does not end soon, it will go higher.


You actually need to make more to stay even, because of income taxes. To make 17% after tax gain you need to earn anywhere from 20% to 28% before tax.