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Saturday, 25 October 2008
Good News In Tough Economic Times

  1.  U.S. Home Sales posted its biggest gain since 2003. It's up 5.5 percent.  
  2.  In Canada, the S&P/TSX composite index closed at 9294.09, down 37.26 points or 0.4 per cent – making a more impressive bounce of 660 points from its low point for the day.
  3. Inflation cools, falling prices are predicted. Gasoline, housing, commodities, consumer goods are more afforable than ever.
  4.  Hedge funds are in a big decline.      
  5. Governments are prepared to act on the real economic problems in the world. It is highly likely the G20 will devise a new global regulatory system. This will boost oversight over major banks, credit rating agencies, and hedge funds. It will also curb excessive risk-taking, improve market transparency and regulate global investment flows. 
  6. Green technology is a multi billion dollar business and its continues to grow everyday.
  7. The downturn is flushing the excess and BS out of the economic system. Economists are crystal ball gazers who make good or bad guesses like the rest of us. The guesses often depend on the mood of the guesser.
  8. A "national icon", former Federal Reserve Chair Alan Greenspan, the guru of deregulation, was forced to acknowledge to Congress this week that he "made a mistake" trusting financial markets to regulate themselves. He was "shocked" when "free markets break down" triggering a global crisis. He and his team just weren't "smart enough" to see it coming.
  9. The Barron Blog continues to battle the forces of doom and gloom on Earth. Humanity makes progress during hard times because many of us still believe that we can make the world a better place.

 


Posted by qualteam at 11:00 AM EDT
Updated: Saturday, 25 October 2008 11:05 AM EDT
Thursday, 23 October 2008
Top Ten Reasons To Feel Optimistic

  1. The soft underbelly of Wall Street is exposed to an attack from the U.S. justice system and liberal individuals.
  2. The new president of the U.S., Barack Obama, will support progressive policies which will inspire and motivate many Americans to support "the next big thing", green techology.
  3. Warren Buffet is buying stocks again. In the past, he has lead a return to better times for the Dow and S & P 500.
  4. The Bank of Canada and Canadian banks are setting a good example of sound banking policies and procedures.
  5. There are signs of optimism in business media.
  6. There are many conditions today that are not the same as those that caused the depression in the 1930s.
  7. Optimism can be generated within oneself by focusing on one's hopes and dreams or the hopes and dreams of humanity.
  8. People on the internet are coming up with their own "top ten reasons to be optimistic".
  9. One doesn't have to be a victim of doom and gloom created by others. One can make the world a better place by rediscovering core values about himself and others.
  10. There's lots of great music in this blog to cheer yourself up with. Have you ever heard Porky Pig sing "Blue Christmas"? What a hoot. Check it out below.

MusicPlaylistRingtones
Music Playlist at MixPod.com

Posted by qualteam at 11:08 PM EDT
Updated: Thursday, 23 October 2008 11:21 PM EDT
Sunday, 19 October 2008
It's Time To Bring Justice To Those Who Were Responsible For The Toxic Paper Crisis

What I'm talking about is junk paper like ABCPs, CDOs and Credit Default Swaps. Those products would have normally been sold to collection agencies as bad debts. However, they were misrepresented as low risk securities and sold to other financial institutions for a good commission.

The FBI is busy investigating bankrupt Lehman Brothers to find out who were the main instigators of the biggest investment fraud in U.S. history.

Shall we go over again some of the big names involved in the subprime financial crisis. They are listed in a blog entry below: Stanley O'Neal, former CEO of Merril Lynch,  Charles Prince former CEO of Citigroup, Richard Syron, former CEO of Freddie Mac, James Cayne, former Bear Stearns CEO, Fannie Mae former CEO, Daniel Mudd, former Lehman Bros. CEO, Richard Fuld, Wachovia CEO, Ken Thompson, AIG CEO, Martin Sullivan.

Remember those names when you look at your retirement savings plan or loan application.

Merrill Lynch and Citigroup have already been fined for their participation in this scam. The paper trail of the individuals behind this debacle have to be exposed to the public.


 


Posted by qualteam at 8:46 PM EDT
Updated: Sunday, 19 October 2008 9:33 PM EDT
Thursday, 16 October 2008
Non Investors In The Marketplace

On Monday and Tuesday this week, the stockmarket sheep rushed into the TSX and the Dow (900 points up). Just as fast on Wednesday, they rushed out(700 points down).

Conditions of the market didn't change in a day, but the psychology changed. Feelings of greed were suddenly replaced by feelings of fear.

This simply tells me that speculators are still trying to crap shoot the stockmarket either up or down.

I don't do the above, because I want to be a winner in this game.

Investing isn't a game for the mentally and emotionally challenged. Like a chess match, it requires some skill to get into a winning positon.

Personally, I use my gambling tendencies for casinos games and the lottery.

When you bet on decent blue stocks at a cheap price, the odds will be in your favour.

Follow the smart not the stupid money.

 


Posted by qualteam at 10:22 PM EDT
Updated: Thursday, 16 October 2008 10:27 PM EDT
Monday, 13 October 2008
Today Is Thanksgiving Day In Canada

There is much that we can give thanks for in Canada. To begin with, We have plenty of natural resources and commodities like wheat and soybeans. It's more than we need for ourselves.

Canadians generally are tolerant of other cultures and religions. We have a federal policy on "Muliticulturalism" that other countries don't have.

We have a good system of public and private health care that seems to get the job done cost effectively.

Canadian banks are number one in the world ahead of Denmark, Sweden, and Luxembourg.

We have lots of lakes and forests in Ontario. The rural countryside is usually less than a half hour drive away from any city.

It's a real pleasure to see the trees turn colours in autumn.

On a personal level, I was lucky to have most of my savings in cash when the stockmarket meltdown occurred.

I'm in good health and I'm looking forward to a company pension in the New Year.

I, also, have a van that's paid for and I have more than half of my mortgage paid down.

My wife and I aren't well off, but we're getting by ok.

My Tripod blog is up and running again.

I've won over $200 hundred at poker last month.

I'm still fighting for a worldwide market recovery and justice in the financial sector. Please go through the entries on this page and the links on the right.

We have an election both here and in the U.S. Hopefully, stiff new brooms will sweep away financial corruption and their perpetrators.

 

 


Posted by qualteam at 11:10 AM EDT
Updated: Monday, 13 October 2008 11:19 AM EDT
Saturday, 11 October 2008
Barron Blog Two Has Been Resurrected

When I couldn't get into my blog to make entries, I dusted off my other blog at http://davebarron.blogspot.com/. I used to load up this blog with my favourite YouTube videos, but they were discontinued after awhile. 

I've started putting music videos on this blog again and they will remain there for some weeks or months. I wanted something happy and energetic to help people overcome the despair in the U.S. and the world. The latest tune is "The Motown Song" by Rod Stewart and it's a pure joy to hear and see.

Some humans create nothing but misery around them, others fill the world with happiness and hope. 


Posted by qualteam at 10:08 PM EDT
Updated: Saturday, 11 October 2008 10:12 PM EDT
Friday, 10 October 2008
This Is My First Blog Entry In Over A Week
Mood:  happy

Over the last week, I've been unsuccessful in making blog entries.

The problem is this blog is just crammed with all kinds of goodies, pictures, music, YouTube videos and links to fun Barron Blog entries on the right side of the page.

I have over 1140 entries on just about any subject imaginable.

I've used only half of the 1 gig's worth of storage space that I pay for. Neverthess, this blog was getting too big for Tripod to handle.

They told me I to reduce my earliest entries to free up my "blog entry utility". I've done that somewhat, but it's hard to erase something that has become part of my life on Earth.


Posted by qualteam at 6:08 PM EDT
Updated: Friday, 10 October 2008 6:11 PM EDT
Tuesday, 30 September 2008
Lord Have Mercy On Us

This includes citizens of the United States and the rest of the world.

I'm finding it very difficult to trust the politicos and the financial experts in our present condition. If you're not part of the economic solution, you're part of the economic problem. That includes much of the above.

Hundreds of millions in Canada/U.S. and the world are victims of negative returns on the stock market. Most of us have invested heavily in blue chip companies that help us to gain some measure of hope for prosperity and survival in our retirement.

Why should we be at the mercy of financiers and politicians? Thankfully, there are higher powers than the existing hierarchy to turn to.

Human reaction and emotion seem to supplant logical thought of those who make lots of noise in the media.

Most ordinary people don't want to see their house, job and pension plan go down the drain because "the powers that be" can't decide on a course of action amongst themselves.

If they can't decide, than a decision should be made for them from "The Lord of The Universe".

Obama And McCain Work For A Solution

 


MusicPlaylist
Music Playlist at MixPod.com

Posted by qualteam at 12:45 PM EDT
Updated: Tuesday, 30 September 2008 5:40 PM EDT
Monday, 29 September 2008
Dear Lord, Some People Need More Help Than Others

Please help us through this financial crisis. Please help the politicians, business leaders and U.S. citizens to see the big picture in this global downturn.

Any plan to turn around this economic crisis is better than no plan. We must put aside petty grievences relating to "Wall Street" and do things which will help "Main Street".

Please help people get the credit that will allow them to buy cars, homes and even pay their bills.

Help us to make a small step forward rather than a big step backward.

Deliver us from the confusion, dispair and negativity of those who have given up or who are giving up.

Help us to work together to forge a pathway out of this present mess. Help us to get a vision of the light at the end of the tunnel. 

Congress Makes A Mess


Posted by qualteam at 11:57 PM EDT
Updated: Tuesday, 30 September 2008 5:23 PM EDT
Saturday, 27 September 2008
Top Ten Poster Boys Of The U.S. Financial Crisis

Stan O'Neal (the suit on the right) was one of the architects of the subprime program. We have to give him number one spot in our rogue's gallery of financial screwups.

  1. Stanley O'Neal former CEO of Merril Lynch walked away with 66 million dollars in severance.
  2. Charles Prince former CEO of Citigroup got a 16 million dollar package.
  3. Richard Syron former CEO of Freddie Mac received $18,000,000 last year in pay and bonuses.
  4. James Cayne former Bear Stearns CEO escaped financial hardtimes with a $33,000,000 package.
  5. Despite the Lehman Brothers bankruptcy, Richard Fuld made off with $34,000,000 through share selling before the company collapsed.
  6. Despite the enormous debts of Fannie Mae, former CEO, Daniel Mudd, received $11,600,000 million in pay and bonuses.
  7. The Bank of America took over Merrill Lynch at $29.00 dollar a share. Half of what it was last year. Despite that, CEO John Thain still received $17,300,000 in pay last year.
  8. Former Wachovia CEO, Ken Thompson paid 25 billion for a California mortgage lender, but still had a good payday of $16,000,000 last year.
  9. AIG CEO, Martin Sullivan, was bailed out earlier this month. He was paid $14,000.000 last year.
  10. It wasn't a good year for Goldman and Sachs' CEO, Lloyd Blankfein, but he was paid very well anyway to the tune of $70,300,000 last year.

Whatever happened to rewarding someone for doing well and penalizing them for doing poorly?

It's time for American taxpapers to get on politicians' cases about this issue.

 


Posted by qualteam at 11:14 AM EDT
Updated: Saturday, 27 September 2008 4:30 PM EDT

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