zanardm

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  • Excessive Systemic Debt: The Primary Cause of Our Current Crisis
    Neither Congress, new or old adm, nor the Fed, can say no to more debt, the cause, not the solution, to our current private sector deleveraging environment. The Fed is critical, and must be re-structured now as an Advisory Council of 5-7 economists in lieu of just a Fed chairman. This could be somewhat modeled after the ECB; en.wikipedia.org/wiki/... . Command and control of the money tree is too important to be entrusted to one or two. Such Advisory Council would have open voting, with the majority deciding; all minutes would be open, and dissent would be encouraged. Will Congress investigate the current Fed and it's loose actions; might even a Grand Jury be required, if all accounting is not legal etc.?
    Dec 05 00:17 am |Rating: 0 0 |Link to Comment |View article
  • The End of the Economy As We Know It?
    Can one fully deleverage without ALL bubbles deflating? As mentioned by others, is the ultimate bubble, the treasury bubble coming? Was foreigners' markedly decreased purchase of Fannie Mae and Freddie Mac securities, a harbinger of the future for treasuries? Would the resultant lack of government ability to borrow be what is required to deleverage politicians? Possible dual currencies here, like for Europe, since there is greater faith in ECB than our Fed? Possibly an attempt by U.S. to borrow in eurodollar and yen denomination securities overseas? Is this the worse case scenario? Would a U.S. budget deficit less than $1 trillion+, and other fiscal conservative measures, send the right message to creditors, both domestic and foreign? Or is it the same old spend and spend (code word for debt); what did the vote on bail out indicate? The private sector is deleveraging; but not the public sector. A generation (25 yrs) for the excesses of the last 25 yrs, to be deleveraged? Good luck to all of us.
    Nov 11 23:41 pm |Rating: 0 0 |Link to Comment |View article
  • Between Now and Inauguration Day
    The $250 M should be used to retire Fannie Mae and Freddie Mac debt. It would be a counter balance to the Fed's generosity. The public is deleveraging, and so should the government, since it was such excesses (public and private) that led to the present debacle. One could have a domestic auction, and see what might 'fly' for some of low yield debt. In other words, some want out. For example, if the gov paid 50 cents on the dollar, then one could retire 1/2 trillion dollars of debt! Thus setting a precedent for incoming administration, and acknowledging the wisdom of the people and their no vote to more debt and to bail out.
    Oct 21 01:30 am |Rating: 0 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    Appropriation bills start in the House; not in the Senate. The House has already voted on a bailout of hedge funds/Wall st. Why should the House consider constructing a new bailout bill? Credit tightness is handled by central banks; not by bailouts. Why wouldn't hedge funds unload toxic high risk debt to other firms, and then to the U.S. tax payer? National debt is at $15 trillion currently and dollar is at -30% compared to all other major currencies. So a we pay a 30% premium on oil. Let the markets mark to market to give a current value to any underlying actual assets. Also the House doesn't take orders from the Senate. The House has already voted and done it's work; House adjoined.
    Oct 02 17:25 pm |Rating: 0 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    Does anyone want a bailout of Hedge funds? Totally unregulated - you know why. So they can all be bankrupt; but will find out at a pro forma mark to market once a year maybe. Hedge can cleverly unload and toxic holdings such as mortgage backed bonds etc. to another more open firm, which then can unload such holdings to the gov, which are marked to market once a year maybe. Hedge can cleverly unload and toxic holdings such as mortgage backed bonds etc. to another more open firm, which then can unload such holdings to the gov. Also introduce dual currencies, such as eurodollar for currency and accounting. Not so different from American firms in the City in London? Hence competition, wherein we trust the stability of eurodollar more than what the politicians have done to our and of as currency and accounting. Not so different from American firms in the City in London? Hence competition, wherein we trust the stability of the eurodollar more than what the politicians have done to our currency (-30%), which results in a 30% premium on our number one import, oil. We must have less government spending, in order to restore confidence in our currency and bonds, for a debtor nation. Nice work House.
    Sep 30 01:23 am |Rating: 0 0 |Link to Comment |View article
  • Wall Street Breakfast: Must-Know News
    From above:
    Hedge fund hemorrhage. The $2T global hedge fund industry will shrink sharply as leverage becomes scarcer and more expensive, the world's largest hedge fund allocator says. 33-40% of funds may go dry, with arbitrage funds - which rely heavily on leverage - hardest hit. "I would not be surprised if, 12-18 months down the line, the $2T had become $1.5T," Christophe Bernard says. "There are too many weak players." 350 funds shuttered in H1, vs. 563 in all of 2007. "Darwinism is survival of the most adaptable. Those that can change to meet the current circumstances will do well and those that can't will go to the wall."
    course every one gets a markup, accept for us. Just say know to bailing out hedge funds and their associates. Also long term consider dual currencies like in Europe; that is, eurodollar as well as greenback Does anyone want a bailout of Hedge funds? Totally unregulated - you know why. So they can all be bankrupt; but will find out at a pro forma mark to market once a year maybe. Hedge can cleverly unload and toxic holdings such as mortgage backed bonds etc. to another more open firm, which then can unload such holdings to the gov. Also introduce dual currencies, such as eurodollar for currency and accounting. Not so different from American firms in the City in London? Hence competition, wherein we trust the stability of the eurodollar more than what the politicians have done to our currency (-30%), which results in a 30% premium on our number one import, oil. We must have less government spending, in order to restore confidence in our currency and bonds, for a debtor nation. Nice work House.
    Sep 30 01:19 am |Rating: 0 0 |Link to Comment |View article

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