mikesmemo

Obama's "fuzzy math" moment

A simple search for "16 month plan" will return thousands of hits on Sen. Obamas plan to withdraw American forces in 16 months after his winning the Presidency. His plan has gotten increasingly more press during his trip overseas. In many reports the Iraqi government is in agreement of his proposal. All of this leads credence to his plan, but it is easy to reach to the sky when you are standing on the shoulders of giants.

Public enemy #1

I...am not a smart man. Not smart in the sense of the intricacies of things. In finance I know it is good to stay in the stock market for the long run. However I do not understand P/E ratios, derivatives, or any number of things that the professionals deal with everyday. I say this because from where I stand I see the problem with the combined housing, credit, energy crisis,...speculators.

Talk to Chuck

Well I guess we see the true power that a senator gets to handle. It seems today ole Chuck, from NY, went public with some letters to the Office of Thrift Supervision and the FDIC. His letters discussed to solvency of IndyMac bank in NY.....no in CA. It seems that the senator knows that "there aint no party like a west coast party".

Supply and BS

There are three factors that affect the price of oil in this country. Supply and demand, speculation, and the fear factor. These factor are reasonably understood if not completely stupid.