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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (237)	7/29/2013 3:32:55 PM
From: Kirk ©	1 Recommendation Recommended By GROUND ZERO™ Respond to of 26560

indeed. I keep these articles handy for people to read.... KEY articles to understand my method: Using Asset Allocation to make money in a Flat Market Winning on the zigs, losing on the zags From the second from almost a decade ago.... "For the last 19 years the average return for the average investor was 2.6% per year, inflation was 3.1% and the S&P500 was 12.2%" Simply amazing...

To: GROUND ZERO™ who wrote (237)	9/11/2013 12:56:44 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26560

When the Mayor of Richmond, CA was on CNBC last week unable to answer good questions about why this was a bad idea, she "punted" Californian city to use "eminent domain" to seize mortgages. Richmond in California has approved a plan for the city to become the first in the country to acquire underwater mortgages using the power of "eminent domain," which enables governments to seize private property for a public purpose. The idea is for the council to work with investor group Mortgage Resolution Partners to make the loans more affordable for home owners and avert foreclosure. However, critics fear that the program could hurt the market for mortgage-backed securities, provoke lawsuits and endanger Richmond's finances. The mayor came right out and said "most of our town are people of color" after CNBC asked if the people who signed to mortgages knew what they were signing. That ended the debate