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"I also agree with Ambac (ABK) CEO Michael Callen who said the problems are temporary. Indeed they are. Ambac shares will likely be worthless soon enough as it heads into the ashheap of history. With bankruptcy, it's problems will be over."
You don't have to predict no rate cut the fed chairman has said that.Its buying and selling stocks that matter at this point. It is a bull market like it has been many times. The economy is pretty much driven by oil but that is to be expected since this country is be coming less and less a factor in oil.
tex lets hope everyone sees that clearly now- oil too in control of our economic health is bad for every sector, and even in global market, hurts everyone. The quicker we reduce demand for oil to minimal levels, the healthier everyone will be. I think thats going to take a long time because we've had our lives revolving around oil so long we dont know what options are possible (mostly because oil lobby surpressed technology for sake of status quo thats outlived its useful purpose).
We will always need oil because some things cannot be mfg without it, but over reliance on it to solve everything is a mistake. Diverse energy sources will restore free market to what it should be, not boxed in herds forced into one solution.
I see renewables development as the next boon for american economy if we can get quality technology on the shelf for consumers.
Gorgeet- It would behoove whomever is in office next term to listen to ron paul re:fed & banking & deficit problems. He may not have the best answers/solutions, but he sees clearly what is very problematic in staying the course this past 90 yrs.
You don't have to predict no rate cut the fed chairman has said that.Its buying and selling stocks that matter at this point. It is a bull market like it has been many times. The economy is pretty much driven by oil but that is to be expected since this country is be coming less and less a factor in oil.
It's a 'bull market'? So please, go ahead and BUY, BUY, BUY! HAHAHA!
view I'm not cashing out of america. I'm here for its health, not for its demise. I refuse to subsidize irresponsiblity, however. Its tricky to solve that investment dilema when power grabs are in play. My bets are in resurgence economy for renewables, value based investments, and personally maximized self sufficiency.
You don't have to predict no rate cut the fed chairman has said that.Its buying and selling stocks that matter at this point. It is a bull market like it has been many times. The economy is pretty much driven by oil but that is to be expected since this country is be coming less and less a factor in oil.
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