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Comments So Far: 22

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  questionhub11 year, 6 months ago

  Don't panic - market downturn is an opportunity for some bargains.

  If you need help with stocks analysis, I can recommend a piece of software I have been using lately - Personal Finance Associate by Parcus Group.

  Simple to use software with great features incl. budgeting, financial planning, shares valuation, real estate investments analysis etc.

  Saved me an amazing amounts of time while looking at the stocks to invest in.

  Definitely check it out at:

  http://www.parcusgroup.com/index.html

  Great value for money for under US$24 for a single user license.

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  uncleT1 year, 6 months ago

  My question is what will happen to the housing market? How many will have their credit ruin and lose their homes due to these interest only loans?

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  NelsonR1 year, 6 months ago

  I suggest they join the Republican party and seek the obvious favors and patronage. That way they will keep their home.

  Other option, give the home back to Fannnie Mae and Freddie Mac to join all the other defaulted home that are within their portfolio. They will have the Govenment print more money to cover any shortfalls.

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  riverdog1 year, 6 months ago

  The name Federal Reserve is a rouse and was chosen intentionally to mislead us. The Federal Reserve is privately owned by international bankers and elites. They are the true power brokers of the world and have been feeding off of us since 1913. Recommend everyone see Alan Russo's film "From Freedom to Facism".

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    marshx1 year, 5 months ago

    Federal reserve owned by international bankers? if that were true, we'd sure see revolt

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  2ponies1 year, 6 months ago

  Complain. Complain. Complain. That's all this author seems to be good for. He'd probably complain if someone did something rude in his food, too. Why not turn all of that pent up hostility into something positive -- action, not hollow words?

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    NelsonR1 year, 6 months ago

    2ponies - I have a reccommendation then for you. Contribute your money to the poor. Would you do it?

    Now would you not agree that is a positive feedback?

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  reconnjohn1 year, 6 months ago

  I agree.

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  HowardT1 year, 6 months ago

  Running around pointing fingers and attaching blame has never once solved a problem. Maybe people should learn to grow up and accept that the decisions they make are THEIR decisions whether it's to invest or buy a house. This guy's article is a good example of NOT doing that but the same guy would strut with pride if chance give him a good return.

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    NelsonR1 year, 6 months ago

    HowardT - Then my suggestion is that you continue to buy distress sales. My there are plenty to pick from within our market. You can then think happy thoughts and be just another slum lord.

    But upon reflection you can resell your newly acquired assests to a chinese investor when the time is right.

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  woodenleg1 year, 6 months ago

  Economic cycles come and go. Smart people plan for the next turn in the economy, stupid people get caught flat-footed and blame it one someone else. Usually the government or that diabolical cabal, big business.

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  Truzseeker1 year, 6 months ago

  As for the housing market, subprime lenders are getting hit hard with foreclosure issues, some going out of business, and neg am Arms will shortly become unavailable. Lending institutions are going conservative with higher rate loans for principle and interest, interest only and a fixed 5/1 arm.

  In California alone the foreclosure rate was reported to be about 35%.

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  tclaw991 year, 6 months ago

  The real blood bath is just beginning to unfold and it will be beyond our wildest imaginations.

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  simonsez1 year, 6 months ago

  Its not a bloodbath to begin with. What's the big deal?

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    NelsonR1 year, 6 months ago

    simonsez - Yes, it is no big deal. Many countries that had little inconvient financial problems found a solution, Money makes beautiful and lasting wallpaper. It is more functional as wall paper than going out to the store and purchasing rolls of cheap chinese flower print wall covering.

    Money is attractive as wall paper and it has the added benefit of making discussions with guests more applicable.

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  Dionys1 year, 6 months ago

  The big concern isn't really the markets, anyhow. The concern is when other countries stop buying all the bonds that support our deficit. Or when the oil economies switch from a petro-dollar to a petro-euro or somesuch. Then you won't really have to pay attention to the market to know how bad things are.

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  ningyo1 year, 6 months ago

  this china owning our debt story is just more liberal propaganda--the great majority of our bonds are owned by strong allies like japan , great britain , and canada--the bonds china owns is a proverbial drop in the bucket--its more accurate to say they are invested in our financial success rather than the other way around--if we have a reccession its a speed bump-- if we have a serious reversal..they have 600 million starving peasants--bad for the people in charge usually--to put numbers on all the rhetoric--the worth of american assets in something like 345 trillion dollars--we owe china about 400 billion--peanuts--and toady the world markets once again found a bottom after two days of trying and rebounded strongly--as they always have--sorry lib dems--i know youve been hoping the great depression 2 for 6 years now--not this time again--just think ..it took all of europe as a group to cobble together some weird economy to poorly rival the american finacial engine

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  NelsonR1 year, 6 months ago

  ninavo - Your facts are wrong. 400 billion owed to china. Not true, much more but no I'm not going to take my time to find the post where you can find it.

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  HowardT1 year, 6 months ago

  To NelsonR

  1st I'm not rich enough to own my own house. However I don't run around blaming others for that nor do I take on payments I can't afford. Tell me, because a credit card company tells you to spend away, do you do it ? We are a "I want it now" society that seems to fail to plan ahead.

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    NelsonR1 year, 6 months ago

    HowardT - First I'm having fun with the post and second I do not condone those who fail to save, spend what they dont have and purchase every toy in the world.

    I do blame our Government monetary policy though, since Allen Greenspan advocated low interest rates and an oversupply of unbacked greenbacks. Americans have been living high on the hog for enumerable years with the attitude of a rosy picture by the Fed. and bankers who were earning loan fees on every bad loan. Also the ATM mentality of using your home as a credit card and condoned by the Fed. is and has been Abnoxious. Thats why this bubble will burst sooner than later.

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  bigeric1 year, 6 months ago

  Hooray to NelsonR! At least he understands that personal responsibility or the lack of it accounts for the financial situation for 99% of the population and the sooner we as a society stop relying on the gov't to provide for our future, the more prepared we will be to provide for our own future.

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  bigeric1 year, 6 months ago

  Is anyone making these fools borrow money they can't afford, buy houses when they don't have a pot to pee in, or rely on social programs for their future retirement? Borrowed money may be cheap and easy to get right now but how about expecting some measure of reponsibility from the people who CHOOSE to spend, borrow and spend some more?

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