Comments on: Current State of the Markets http://www.bankaholic.com/current-state-of-the-markets/ Compare the Best CD (Certificate of Deposit) Rates, Highest Money Market Rates, Best Savings Accounts, Bank Deals, Interest Rates and Bank Reviews! Fri, 19 Mar 2010 15:52:52 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Lie We Simple http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-148213 Lie We Simple Tue, 09 Dec 2008 04:41:33 +0000 http://www.bankaholic.com/?p=706#comment-148213 Hank: On FactCheck.org they said the misery rate reached 20.6 under Carter-not 26%. I remember inflation running up to 12% -so, add that to 8% unemployment. Hank: On FactCheck.org they said the misery rate reached 20.6 under Carter-not 26%. I remember inflation running up to 12% -so, add that to 8% unemployment.

]]> By: Live Well Simply http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-148212 Live Well Simply Tue, 09 Dec 2008 04:40:42 +0000 http://www.bankaholic.com/?p=706#comment-148212 The U.S. financial situation IS really scary! And as far as you saying “Europe is ever more screwed”… well, read a newspaper some time.. The ONLY reason Europe has financial woes right now (and small ones compared) is because of the U.S. and your damned derivate muppets! Well be fine, the U.S. wont. Give me a call when the dollar is 20% of the Euro. Have fun! The U.S. financial situation IS really scary! And as far as you saying “Europe is ever more screwed”… well, read a newspaper some time..

The ONLY reason Europe has financial woes right now (and small ones compared) is because of the U.S. and your damned derivate muppets! Well be fine, the U.S. wont.

Give me a call when the dollar is 20% of the Euro. Have fun!

]]> By: Live Well Simply http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-148211 Live Well Simply Tue, 09 Dec 2008 04:39:42 +0000 http://www.bankaholic.com/?p=706#comment-148211 There is a lot of talk lately about how we are headed towards another Depression. Below are some key differences to share with you. • In the the Great Depression 1300 Banks failed - only 13 banks have been taken over by the FDIC this year. • Unemployment was 24% back then and is currently around 6%. • From mid 1929 to 1932 the Dow dropped 90% - lately is been down roughly 30% • In 1933 when FDR took over 44% of mortgages were in default. In the 2nd quarter this year only 6% of all mortgages were delinquent. Heads up people:) There is a lot of talk lately about how we are headed towards another Depression. Below are some key differences to share with you.
• In the the Great Depression 1300 Banks failed – only 13 banks have been taken over by the FDIC this year.
• Unemployment was 24% back then and is currently around 6%.
• From mid 1929 to 1932 the Dow dropped 90% – lately is been down roughly 30%
• In 1933 when FDR took over 44% of mortgages were in default. In the 2nd quarter this year only 6% of all mortgages were delinquent.
Heads up people:)

]]> By: J Downs http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-139226 J Downs Tue, 21 Oct 2008 20:14:59 +0000 http://www.bankaholic.com/?p=706#comment-139226 There is a lot of talk lately about how we are headed towards another Depression. Below are some key differences to share with you. • In the the Great Depression 1300 Banks failed - only 13 banks have been taken over by the FDIC this year. • Unemployment was 24% back then and is currently around 6%. • From mid 1929 to 1932 the Dow dropped 90% - lately is been down roughly 30% • In 1933 when FDR took over 44% of mortgages were in default. In the 2nd quarter this year only 6% of all mortgages were delinquent. Heads up people:) There is a lot of talk lately about how we are headed towards another Depression. Below are some key differences to share with you.
• In the the Great Depression 1300 Banks failed – only 13 banks have been taken over by the FDIC this year.
• Unemployment was 24% back then and is currently around 6%.
• From mid 1929 to 1932 the Dow dropped 90% – lately is been down roughly 30%
• In 1933 when FDR took over 44% of mortgages were in default. In the 2nd quarter this year only 6% of all mortgages were delinquent.
Heads up people:)

]]> By: Daniel http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-136808 Daniel Mon, 13 Oct 2008 08:30:08 +0000 http://www.bankaholic.com/?p=706#comment-136808 The U.S. financial situation IS really scary! And as far as you saying "Europe is ever more screwed"... well, read a newspaper some time.. The ONLY reason Europe has financial woes right now (and small ones compared) is because of the U.S. and your damned derivate muppets! Well be fine, the U.S. wont. Give me a call when the dollar is 20% of the Euro. Have fun! The U.S. financial situation IS really scary! And as far as you saying “Europe is ever more screwed”… well, read a newspaper some time..

The ONLY reason Europe has financial woes right now (and small ones compared) is because of the U.S. and your damned derivate muppets! Well be fine, the U.S. wont.

Give me a call when the dollar is 20% of the Euro. Have fun!

]]> By: José http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-136234 José Fri, 10 Oct 2008 18:50:57 +0000 http://www.bankaholic.com/?p=706#comment-136234 Hi, As always will be the same to pay the price. For most top rich people more zillion less zillion is about the same. What is necessary for people to remember is that all this situation was caused (in my opinion) by the banks and they should be the ones to pay the price. They can complain about financial dificulties, but what about the huge profits that they gathered throughout the years ? Greed was the moblie of all this and instead of hedging properly, the so called managers only think about profits leverage, forgeting that for them to win, others have to lose. But the others also like to win. But all this money is virtual and the worst thing in my opinion are not the stock markets and the oil price which has finally came down. What is bad is that economies are based on services and huge profits are in the hands of a few. Lets not forget that the biggest economies were built upon industry, construction, agriculture and automotive. What we have now is a giant with clay feet. And a final word must go for the eventual and quite probable (namely with biodiesel) rise of cereals' price. And poor of those who depend mostly on cereals to survive. Kind regards, José Hi,

As always will be the same to pay the price.
For most top rich people more zillion less zillion is about the same.
What is necessary for people to remember is that all this situation was caused (in my opinion) by the banks and they should be the ones to pay the price.
They can complain about financial dificulties, but what about the huge profits that they gathered throughout the years ?
Greed was the moblie of all this and instead of hedging properly, the so called managers only think about profits leverage, forgeting that for them to win, others have to lose. But the others also like to win.
But all this money is virtual and the worst thing in my opinion are not the stock markets and the oil price which has finally came down.
What is bad is that economies are based on services and huge profits are in the hands of a few. Lets not forget that the biggest economies were built upon industry, construction, agriculture and automotive.
What we have now is a giant with clay feet.
And a final word must go for the eventual and quite probable (namely with biodiesel) rise of cereals’ price. And poor of those who depend mostly on cereals to survive.

Kind regards,

José

]]> By: BeKind http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-135813 BeKind Thu, 09 Oct 2008 12:39:49 +0000 http://www.bankaholic.com/?p=706#comment-135813 Hank, I said real estate and I forgot to use the word probably. I don't put all my trust in institutions, I put it all in con artists ;) JPM's tower in Houston had nearly 500 windows blown out during the hurricane. Perhaps symbolic; we can see what's going on now, so to speak. I would love the cycle to be broken and maybe that's what is going on here. No doom and gloom, the dog is shaking off the fleas. But will people learn and integrity rise? Hank, I said real estate and I forgot to use the word probably. I don’t put all my trust in institutions, I put it all in con artists ;) JPM’s tower in Houston had nearly 500 windows blown out during the hurricane. Perhaps symbolic; we can see what’s going on now, so to speak. I would love the cycle to be broken and maybe that’s what is going on here. No doom and gloom, the dog is shaking off the fleas. But will people learn and integrity rise?

]]> By: Daniel http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-135346 Daniel Tue, 07 Oct 2008 23:41:29 +0000 http://www.bankaholic.com/?p=706#comment-135346 These are tough times to come indeed. It's very hard around my area to get a job with everyone being laid off. My father lost his job, and he can't even get another security officer job even though he has years of experience in the field. These are tough times to come indeed. It’s very hard around my area to get a job with everyone being laid off.

My father lost his job, and he can’t even get another security officer job even though he has years of experience in the field.

]]> By: RV Bov http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-135327 RV Bov Tue, 07 Oct 2008 22:19:08 +0000 http://www.bankaholic.com/?p=706#comment-135327 Looks like we are all going to be holding our breath for a while. I especially feel for the people wanting to retire now but have no chance. Getting close to my retirement I been feeling very down. I just wish we saw more up lifting on the news sites. Good luck everyone! Looks like we are all going to be holding our breath for a while. I especially feel for the people wanting to retire now but have no chance. Getting close to my retirement I been feeling very down. I just wish we saw more up lifting on the news sites.

Good luck everyone!

]]> By: Larry http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-135003 Larry Mon, 06 Oct 2008 18:30:58 +0000 http://www.bankaholic.com/?p=706#comment-135003 Hank: On FactCheck.org they said the misery rate reached 20.6 under Carter-not 26%. I remember inflation running up to 12% -so, add that to 8% unemployment. Hank: On FactCheck.org they said the misery rate reached 20.6 under Carter-not 26%. I remember inflation running up to 12% -so, add that to 8% unemployment.

]]> By: Johns Wu http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-134976 Johns Wu Mon, 06 Oct 2008 16:29:42 +0000 http://www.bankaholic.com/?p=706#comment-134976 Well said, Hank! Well said, Hank!

]]> By: Hank Brock http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-134973 Hank Brock Mon, 06 Oct 2008 16:08:57 +0000 http://www.bankaholic.com/?p=706#comment-134973 Larry-- Wrong! Unemployment was at 13%, not 8%. Go check. Anyone remember Reagan's "Misery Index" in his campaign against Jimmy Carter? Inflation rate + Unemployment rate = 26%. Lot's of the comments above refer to 3-4 day swings in the dollar, etc. This isn't about 3-4 days moves, it's about mega-trends. This is why we have investment advisors and politicos "rearranging chairs on the titanic" mentality. Try reading the whole article-- JPM won't need to be bailed out? Because they're so big? Because they're the largest shareholder in the Fed? Maybe not, but JPM's credit strength rating has fallen, same as Fannie and Freddie did. Why do people put their trust in institutions, instead of timeless principles? Some things are just as sure as the sun rising in the morning. Larry– Wrong! Unemployment was at 13%, not 8%. Go check. Anyone remember Reagan’s “Misery Index” in his campaign against Jimmy Carter? Inflation rate + Unemployment rate = 26%. Lot’s of the comments above refer to 3-4 day swings in the dollar, etc. This isn’t about 3-4 days moves, it’s about mega-trends. This is why we have investment advisors and politicos “rearranging chairs on the titanic” mentality. Try reading the whole article– JPM won’t need to be bailed out? Because they’re so big? Because they’re the largest shareholder in the Fed? Maybe not, but JPM’s credit strength rating has fallen, same as Fannie and Freddie did. Why do people put their trust in institutions, instead of timeless principles? Some things are just as sure as the sun rising in the morning.

]]> By: BeKind http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-134935 BeKind Mon, 06 Oct 2008 13:08:02 +0000 http://www.bankaholic.com/?p=706#comment-134935 I read the article. JPM won't need to be bailed out. They have acquired hard assets: real estate/branches. JP, the man himself is laughing in his grave. I read the article. JPM won’t need to be bailed out. They have acquired hard assets: real estate/branches. JP, the man himself is laughing in his grave.

]]> By: Baby http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-134909 Baby Mon, 06 Oct 2008 10:45:08 +0000 http://www.bankaholic.com/?p=706#comment-134909 Unless we all turn Buddhist greed will ensure that this cycle happens over and over again, it's just life I'm afraid. Unless we all turn Buddhist greed will ensure that this cycle happens over and over again, it’s just life I’m afraid.

]]> By: Zio Romolo http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-134905 Zio Romolo Mon, 06 Oct 2008 10:34:16 +0000 http://www.bankaholic.com/?p=706#comment-134905 Is now established that the banking crisis is affect the European banking system. But how it will be out of European banks? The BCE is not a FED, its powers are much more limited ..... and so! :( Is now established that the banking crisis is affect the European banking system. But how it will be out of European banks? The BCE is not a FED, its powers are much more limited ….. and so! :(

]]> By: AverageJoe http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-134854 AverageJoe Mon, 06 Oct 2008 04:09:14 +0000 http://www.bankaholic.com/?p=706#comment-134854 I have transfered all my money out of the US stock market, but I still have money market funds and bond funds in my 401k. How about you guys? I have transfered all my money out of the US stock market, but I still have money market funds and bond funds in my 401k.
How about you guys?

]]> By: CVOS the man http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-134835 CVOS the man Mon, 06 Oct 2008 01:21:16 +0000 http://www.bankaholic.com/?p=706#comment-134835 Gold did spike to $850 in January 1980. Will it spike again? http://66.38.218.33/LFgif/au1980.gif Gold did spike to $850 in January 1980. Will it spike again?

http://66.38.218.33/LFgif/au1980.gif

]]> By: serious stuff http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-134825 serious stuff Sun, 05 Oct 2008 23:55:26 +0000 http://www.bankaholic.com/?p=706#comment-134825 Lets try counting our blessings: We are all in the fortunate situation of being able to control our individual circumstances - pull up your pants and appreciate all you have!!!!! Lets try counting our blessings:
We are all in the fortunate situation of being able to control our individual circumstances – pull up your pants and appreciate all you have!!!!!

]]> By: 411 Realty,Inc http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-134744 411 Realty,Inc Sun, 05 Oct 2008 16:28:43 +0000 http://www.bankaholic.com/?p=706#comment-134744 Great info!!! Great info!!!

]]> By: Aaron Cook http://www.bankaholic.com/current-state-of-the-markets/comment-page-1/#comment-134690 Aaron Cook Sun, 05 Oct 2008 11:39:17 +0000 http://www.bankaholic.com/?p=706#comment-134690 As the saying goes, "Cash is trash." With the Fed printing money out of thin air, like it's going out of style, the dollar will continue to lose value. It's lost like what, 90% of its value since the creation of the Federal Reserve in 1913, with 37% of that happening in just the last 7 years (just going on memory here). The Fed creates these bubbles, and they always burst, leaving taxpayers to bail out investors who were misled by foolish government interference in the market. It's a vicious cycle that needs to end. As the saying goes, “Cash is trash.” With the Fed printing money out of thin air, like it’s going out of style, the dollar will continue to lose value. It’s lost like what, 90% of its value since the creation of the Federal Reserve in 1913, with 37% of that happening in just the last 7 years (just going on memory here).

The Fed creates these bubbles, and they always burst, leaving taxpayers to bail out investors who were misled by foolish government interference in the market. It’s a vicious cycle that needs to end.

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