Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (219289)	9/8/2009 2:11:05 PM
From: GraceZ	Read Replies (2) \| Respond to of 306849

The way I figure it, the only way out they see for the huge looming Medicare/Mediaid monster on the horizon, with the aging Boomer generation now entering Medicare coverage is to suck more money out of young healthy people by offering them Medicare coverage. I fully expect the "public option" to become compulsory in my lifetime, driving out any private insurance options until the private market has to arise to fill the gaping holes the way Medi-gap insurance does now.

To: patron_anejo_por_favor who wrote (219289)	9/8/2009 2:12:26 PM
From: Smiling Bob	Respond to of 306849

This from the UK back in May Nothing new here, but is a reminder that there is sanity out there. independent.co.uk Comments ( Leave a comment ) It's all gone L shaped. [info]alan_honiton wrote: Tuesday, 26 May 2009 at 08:31 am (UTC) It's only anxious political types who talk about green shoots'. They do so in order to con the public that everything will soon be all right and that the politicians knew what they were doing all along. So, the people can still put unquestioning trust in the politicos who created the mess in the first place.And, for final victory all we need is one more Douglas Haig type big push. A few more trillions sacrificed for the illusory victory of hyper inflation and/or unrepayable debt. This war will not be over by Christmas after a short sharp V recession. We are in for an L shaped conflict of attrition. This year's casualty list will get longer and longer, starting with the pitched battle on June 4th, and by June 10th 2010 a million more of the nation's workforce will be out of action. If I were Gordon, I'd offer an armistice before his army is totally wiped out. Link \| Reply \| Thread Investors beware: "Green shoots" hype is aimed at your pockets [info]findempire wrote: Tuesday, 26 May 2009 at 11:29 am (UTC) Geithner has run out of TARP money and Crash Gordon can't get the Bank of England to print him any more play-money so where to get the cash to plug the still-gaping toxic debt holes? Easy-peasy: Pull some "green shoots" out of your hat and talk up the market, giving the corporate evildoers a free injection of equity that they can promptly cash in, driving their shares right back to the rock bottom where they belong and leaving conned investors wondering where all their money went. Not a cent more for the derelict CEO's and governments until they admit that their entire economic philosophy is bankrupt and adopt a new economic model that doesn't just enrich speculators and crony capitalists but creates real jobs and material, non-speculative-bubble growth. Here's what anybody fool enough to buy into the "green shoots" hype should read before investing a single cent more in doomed Anglo-American capitalism: Dollar Is Dirt, Treasuries Are Toast, AAA Is Gone: Mark Gilbert May 21 (Bloomberg) -- The odds on the dollar, Treasury bonds and the U.S. government?s AAA grade all heading for the dumpster are shortening. The biggest problem is that external investors -- particularly China -- have more skin in the dollar game than in euros, yen or pounds, which makes the U.S. currency the most likely candidate to meet the cleaver in a crisis of confidence about post-crunch government finances. China owns about $744 billion of U.S. Treasury bonds in its $2 trillion of foreign-exchange reserves. "Trillion-dollar bailouts do not only leave massive public-sector deficits in their wake, they also leave the presence of the heavy hand of government all over industry and markets, so the outlook for government bonds is less promising than the economic textbooks on deflation would have us believe." [China is already dumping its T-bonds and buying short-term securities]. David Walker, a former U.S. comptroller general, wrote in the financial Times on May 12 that the U.S.'s top credit rating looks incompatible with "an accumulated negative net worth" of more than $11 trillion and "additional off-balance-sheet obligations" of $45 trillion. "One could even argue that our government does not deserve a triple A credit rating based on our current financial condition, structural fiscal imbalances and political stalemate," he wrote. So be warned: No more easy money from China, no more commodity-supported easy monetary expansion, and not a chance in hell that the US can export its way out of its debt hole when it has been unable to even dent its steadily growing trade gap since 1970, even in the heyday of the Clinton bubble. Neither the US nor Britain has any production and export capacity that would allow it to harbor some hope of one day paying back its debt and the US is moreover rapidly losing what little manufacturing capacity it has left, with the demise of US automakers and the looming collapse of Boeing. The US & UK have been able to avoid hitting the wall for so long simply because the credit rating game was fixed in their favor. No more. Today, both countries are like former stars who have blown their fortune up their noses and on debauched parties in their $100,000-a-day penthouse suite, frantically working the phones to talk up some cash while the hotel management bangs on their door because their credit cards have all been canceled.