CountryBoys's Account Talk

[Birchtree]

TARP doesn't have to pay market prices for the toxic assets. they can pay more and cut the banks a favor and allow them to recapitalize and begin lending. There is no need for nationalization. These toxic assets are still paying income but there is no market because of the mark to market accounting system. I'm positive for the concept of the RTC - the government eventually made money when the assets were finally cleared.

 

[CountryBoy]

TARP doesn't have to pay market prices for the toxic assets. they can pay more and cut the banks a favor and allow them to recapitalize and begin lending. There is no need for nationalization. These toxic assets are still paying income but there is no market because of the mark to market accounting system. I'm positive for the concept of the RTC - the government eventually made money when the assets were finally cleared.

They probably can, but that doesn't fit into their socialization of America plan. The more folks that are beholding to the feds for food and shelter, the more they lke it. They want that power over people and especially hate independent people that think and provide for themselves, that goes against their elitist mentally.

CB

 

[Birchtree]

Man you got to get up off your knees before a Jihad takes your head. I know we got a man in the White House with no experience and I wasn't one of those fools that voted for him - but now we have no choice but to store ammo and be ready for the riots that may ensue. Will the welfare checks turn into workfare checks - I certainly hope so. I don't care if BHO ever does anything for me - I can wait the four year term, after all I waited out Jimmy and Billy.

 

[Steadygain]

I know we got a man in the White House and I wasn't one of those fools that voted for him. I don't care if BHO ever does anything for me - I can wait the four year term.

Here is how I see playing out.

The White Supremacists are honestly hoping will all their hearts that BHO will majorly screw up - to validate their cause - and thus they will be justified in killing him for the better of the country.

Most killings of that magnitude are done with a true sense of conviction that the killer was 'doing it for the right reason'

NOW here's the catch... I believe he will do such a good job that their anger will GREATLY INCREASE ... 'how dare that SOB try to make them look like idiots'...

and they will kill him under pretty much the same conviction.

I think that would be the worse thing that could happen to the USA and right now I'd rather it be me (in his place).

 

[CountryBoy]

Man you got to get up off your knees before a Jihad takes your head. I know we got a man in the White House with no experience and I wasn't one of those fools that voted for him - but now we have no choice but to store ammo and be ready for the riots that may ensue. Will the welfare checks turn into workfare checks - I certainly hope so. I don't care if BHO ever does anything for me - I can wait the four year term, after all I waited out Jimmy and Billy.

I sure to heck ain't on my knees, I don't kneel for any man and I survived Jimmy and the Perv, so I'll survive this guy.

CB

 

[budnipper1]

Man you got to get up off your knees before a Jihad takes your head. I know we got a man in the White House with no experience and I wasn't one of those fools that voted for him - but now we have no choice but to store ammo and be ready for the riots that may ensue. Will the welfare checks turn into workfare checks - I certainly hope so. I don't care if BHO ever does anything for me - I can wait the four year term, after all I waited out Jimmy and Billy.

Here is how I see playing out.
The White Supremacists are honestly hoping will all their hearts that BHO will majorly screw up - to validate their cause - and thus they will be justified in killing him for the better of the country.
Most killings of that magnitude are done with a true sense of conviction that the killer was 'doing it for the right reason'
NOW here's the catch... I believe he will do such a good job that their anger will GREATLY INCREASE ... 'how dare that SOB try to make them look like idiots'...and they will kill him under pretty much the same conviction. I think that would be the worse thing that could happen to the USA and right now I'd rather it be me (in his place).

What's happened here??? How did this go from a discussion about the nationalization of banks... to the Jihad, White Supremacists, and presidential assassinations???
:laugh:
​

 

[Birchtree]

No one is going to try and kill him at this time. I just learned that BHO's friend Bill Ayers dedicated his 1974 book to Sirhan Sirhan the assassin of Robert Kennedy who also happened to be a fornicator like his older brother JFK. Now as long as BHO keeps his girfriend tucked away out of the public eye he's safe from scrutiny.

 

[Birchtree]

budnipper1,

We move at the speed of light or the light touch. The first sign of appeasement from Obama will turn me completely off. We all have different opinions and of course we are on occasion an annoyance as well as anonymous.

 

[CountryBoy]

What's happened here??? How did this go from a discussion about the nationalization of banks... to the Jihad, White Supremacists, and presidential assassinations???
:laugh:
​

I thought maybe I hadn't completely woke up from my nap. :laugh:

Have a good weekend all,
CB

 

[budnipper1]

budnipper1,
We move at the speed of light or the light touch. The first sign of appeasement from Obama will turn me completely off. We all have different opinions and of course we are on occasion an annoyance as well as anonymous.

You better watch that BHO...mess with him much more and he might convert AirForce 1 into a crop duster and spray your wimpy tomato plants with some RoundUP!:nuts:
​

 

[CountryBoy]

Very interesting article.

http://www.businessweek.com/investo...an=investing_investing+index+page_top+stories


A Deep and Long Recession
Here is S&P's baseline economic forecast, plus the better and worse scenarios

"The Downside Case: Into the Depths


In our deep recession scenario, financial markets remain frozen, cutting capital spending and consumer purchases. Consumer and investor confidence weakens further, resulting in a recession that lasts through 2009. The deeper foreign downturn keeps exports weak. The result is the deepest recession in postwar history, with a peak-to-trough decline in real GDP of 4.5% and an unemployment rate of 10.4% in mid-2010, near the postwar record of 10.8% set in the 1982 recession.

In this scenario, consumer spending drops more sharply as households try to rebuild the wealth lost to weaker home and stock prices. As a result, the downturn would be longer (24 months) than the 18 months in the baseline projection."

I hate to say it, but this is the scenario I'm making plans for. Not only does the public have to rebuild their capital but, ARMs and ALT-A mortgages are are beginning and from everything I've been reading this will be bigger and run thru 2009 into 2010. I also think this will be bigger than what we just went thru and I think the bank and Gov't experts are underestimating the impact of these, like they did with the subprime.

Just another opinion,

CB

 

[Boghie]

Long Recession...

CountryBoy,

I, personally, am thinking along your lines...

However, comma, we've all got to be aware that our vision is clouded by our more local environment. For me, in California, what I see is miserable. It will take years to pull out of the hole - more if our state government moves in the direction I am absolutely certain they will. Everybody was a'buyin' and a'sellin' and flipping this house and that and voting new benefits as rights and bonding standard school maintenance for decades. Now, taxpayers are fleeing - leaving the taxtakers.

Does that mean the United States will tank? Maybe not.

Maybe Silicon Valley will become a ghost town and Salt Lake City will boom as companies move to other fine parts of town that aren't ruled by clowns.

So, I am keeping some in the market and a bunch ready for investment. I will allocate to my normal balance only if the national economy moves forward for a rather long duration. Maybe move in two stages. From conservative to wary to normal...

It kinda depends of FDR Jr.. If he behaves as FDR Sr. I will not be an investor. If he surprises, I will.

 

[Boghie]

Do you real 'Dr. Housing Bubble'

For those who are NOT faint of heart.

But, do like funny writing and sarcasm...

A quick review of the affect of the housing market on our economy - and, when will housing go up, up, and away. Never to decline again. Ready for 'Flip this House' shows and everything...

Dr. Housing Bubble: http://www.doctorhousingbubble.com/

Make sure to track some of his/her 'Real Homes of Genius'. Way too funny - and sad...

<a href='http://www.doctorhousingbubble.com/real-homes-of-genius-santa-monica-meet-housing-crash-prime-real-estate-isnt-so-prime-anymore/'>Real Homes of Genius</a>

 

[CountryBoy]

Re: Long Recession...

CountryBoy,

I, personally, am thinking along your lines...

However, comma, we've all got to be aware that our vision is clouded by our more local environment. For me, in California, what I see is miserable. It will take years to pull out of the hole - more if our state government moves in the direction I am absolutely certain they will. Everybody was a'buyin' and a'sellin' and flipping this house and that and voting new benefits as rights and bonding standard school maintenance for decades. Now, taxpayers are fleeing - leaving the taxtakers.

Does that mean the United States will tank? Maybe not.

Maybe Silicon Valley will become a ghost town and Salt Lake City will boom as companies move to other fine parts of town that aren't ruled by clowns.

So, I am keeping some in the market and a bunch ready for investment. I will allocate to my normal balance only if the national economy moves forward for a rather long duration. Maybe move in two stages. From conservative to wary to normal...

It kinda depends of FDR Jr.. If he behaves as FDR Sr. I will not be an investor. If he surprises, I will.

Yeah Boghie,

You're right, various parts of the country will be impacted differently and take longer to come back and California will be a tough nut to crack. All gov'ts have got to cut back on spending, we have, when we get into debt and yeah it can be painful. So many people in this country, I don't believe, can handle the pain if entitlements are cut back, but cuts are necessary ot they'll be taxing us to death.

In my area, we didn't have a housing boom, or a boom of any kind, :laugh: so the only thing that we are being impacted is the loss of jobs, which in itself is a big drag on the economy.

I'm doing what you're doing, playing the market thru our ROTHs while doing the CP thing in my TSP, especially since I'd like to retire in 4 years (MRA is 2 years away). I'll probably have to hold off a year or so until the bull returns. A lot will depend on how quickly BHO's plan can recapitalize the working, producing public, because they will be the ones to get the economy running again. And I'm not sure Geithner is the guy, because he was the co-pilot on the original TARP, but here's hoping they can find that acorn (blind hog analogy) and I don't mean ACORN.

GL with your plans,

CB

 

[XL-entLady]

Re: Long Recession...

Maybe Silicon Valley will become a ghost town and Salt Lake City will boom as companies move to other fine parts of town that aren't ruled by clowns....

Anyone who thinks that Salt Lake City isn't ruled by clowns doesn't know the Utah State Legislature! :blink: :laugh:

Lady

 

[CountryBoy]

I gotta do a little bragging today,

My daughter graduates with a BS in Nursing this spring and she accepted a position, this morning, with the Cincinnati Children's Hospital in Hematology/Oncology Blood and Bone Marrow Transplant Unit. She interviewed for this position last Wednesday, so old Dad is pretty pround.

CB

 

[Minnow]

good luck to your daughter... you have every right to crow a bit.

 

[Gumby]

I gotta do a little bragging today,

My daughter graduates with a BS in Nursing this spring and she accepted a position, this morning, with the Cincinnati Children's Hospital in Hematology/Oncology Bone Marrow Transplant Unit. She interviewed for this position last Wednesday, so old Dad is pretty pround.

CB

CB,
Congratulations! That is a great step for her.
Sounds like she found a great job. Education is the key to a great future!

 

[XL-entLady]

I gotta do a little bragging today,

My daughter graduates with a BS in Nursing this spring and she accepted a position, this morning, with the Cincinnati Children's Hospital in Hematology/Oncology Bone Marrow Transplant Unit. She interviewed for this position last Wednesday, so old Dad is pretty pround.

CB

W, that sounds like a tough place to work, but I'm sure that your daughter has some of her dad's toughness bred into her.

Congratulations, Dad!

Lady

 

[Frixxxx]

I gotta do a little bragging today,

My daughter graduates with a BS in Nursing this spring and she accepted a position, this morning, with the Cincinnati Children's Hospital in Hematology/Oncology Blood and Bone Marrow Transplant Unit. She interviewed for this position last Wednesday, so old Dad is pretty pround.
CB

Congrats CB, My kid graduates with his Journalism degree this spring as well.

Woohoo, Cincinnati, the Queen City, home of Skyline Chili, Barq's Red Cream Soda, Reds, Bengals, UC Bearcats, 5th/3rd...oops I was on a roll right up to that last shout out!