Now that student loans are undeniably in bubble territory, the officialdom is starting to wake up and take notice. Evidence that students were taking on so much debt as a group that it was undermining their ability to be Good American Consumers wasn’t enough. A recent New York Fed study found that 94% of recent [...]
Archive for the 'Debt' Category
JUST WHAT WE WANT TO HEAR…FABULOUS!
COMMENTS FROM GARY ON KRUGMAN AND GEITHNER
I just posted for you an article that my, yours, our Treasury Secretary is calling for a debt ceiling with no limits. I just posted for you that a famed Nobel Prize winning economist alluding to 90% tax rates will help out this country. Is it any wonder we are so screwed? Is it any wonder we are now [...]
MY FAVORITE TREASURY SECRETARY WANTS TO LIFT THE DEBT CEILING TO INFINITY!
…Yup…the protector of our treasury! (CNSNews.com) – Treasury Secretary Timothy Geithner said Friday that Congress should stop placing legal limits on the amount of money the government can borrow and effectively lift the debt limit to infinity. On Bloomberg TV, “Political Capital” host Al Hunt asked Geithner if he believes “we ought to just eliminate [...]
10/22/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW We’ve see a little bit of deterioration in the market. The earnings have not been so good. But let me say there are many earnings reports coming out the rest of this week, including the Almighty Apple. So Friday was terrible, and today was looking really iffy also. And then [...]
10/03/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW I have received several hundred emails since I appeared on TV on Fox Business News today asking me, what I do I want to see out of the debates tonight? As you know, I do not pull any punches here. I have no favorites and can’t stand any of the politicians [...]
BRAZIL GETS IT RIGHT!
Guido Mantega, Brazil’s finance minister, has warned that the U.S. Federal Reserve’s “protectionist” move to roll out more quantitative easing will reignite the currency wars with potentially drastic consequences for the rest of the world. “It has to be understood that there are consequences,” Mr. Mantega told the Financial Times in an interview on Thursday. [...]
OF COURSE THEY DIDN’T COVER THIS…
Can’t say anything bad about the Pres. “Nearly 6 million Americans — significantly more than first estimated — will face a tax penalty under President Obama’s health-care overhaul for not getting insurance” according to analysts for the nonpartisan Congressional Budget Office, reported the Associated Press’s Ricardo Alonso-Zaldivar yesterday. That’s 50 percent higher than the 2010 prediction [...]
3 MINUTES AND 26 SECONDS OF A CON GAME
He doesn’t know how much debt there is and he had nothing to do with it! 3 minutes and 26 seconds of a con game. Had to say that twice!
09/13/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW Before you start hearing me whine and complain, you should know that I own housing stocks, financial stocks, banking stocks, Gold and Silver – all of which will be benefactors of the largesse of Ben Bernanke. Why? If interest rates stay low, it helps housing. The margins for the banks stay [...]
