Don Daily

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Why the 2008 Housing Relief Bill is No Relief

Read the article in the link on the first post.

Wells Fargo needs to be investigated and excluded from participation in Fannie and Freddie Bailout loans. The appraiser needs to be investigated.

Folks we need to expose this or housing will be propped up again and we tax payers will get more and more losses rammed down our throats. Write your Represenatives:
capwiz.com/ascd/dbq/of.../

Post this on any blog you participate in.
Jul 30 16:18 pm |Rating: 0 0 |Link to Comment |View article
16-Year-Low Consumer Sentiment Has Dollar Down, But Not Out

Consumers are getting beaten. It's so depressing. Prices are shooting up so fast that gloom can't help but prevail. What do we as Americans do to correct things? We argue.

There is an energy Bill in the Senate right now that can solve our energy needs for the next century plus. Do you read about S.2958? Hardly ever. Why does the press ignore this landmark Bill? Go do some research on S.2958. Jobs and affordable energy are what we need, right?
Jun 24 17:09 pm |Rating: 0 0 |Link to Comment |View article
Is the Long Commute Still Worth It?

What is this fairy tale land? How many people do you know who moved to far out suburbs for the drive? None! People moved there because they could not afford to live closer to high priced metro areas. High gas prices just makes that worse. It does not provide an incentive to move closer, those people have even less disposable income now.

The price of 15 year old economy cars has shot up because they get 40 mpg, supply and demand. What is going to happen to metro housing prices as more people try to shave off drive time? The cycle repeats. We need affordable energy for this country to function. Read about it here,

AmericansForJobsAndEne...

We need to increase domestic oil production and then use the money saved to fund alternative vehicles like hydrogen. We cannot stop traveling, our economic engine would grind to a halt.

Jun 12 14:16 pm |Rating: 0 0 |Link to Comment |View article
Fuel Check

Crude inventories are falling because like gold buyers, the new breed of oil investors like to hold physical oil. Garages full of oil barrels LOL! There's a bubble AND there is a supply problem. The air may leak out of the speculation side, but the supply side will make sure oil never drops below $80. 2009 $150 oil will be here to stay. Go read this site and get involved. We can help ourselves out of this mess if we put a little effort into it:

AmericansForJobsAndEne...

Jun 04 20:03 pm |Rating: 0 0 |Link to Comment |View article

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Wall Street Breakfast - Sample Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought. Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only. Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week. Oil demand withers. The International Energy Agency warned Friday worldwide oil demand... Email continues...
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Jim Cramer's Picks -
Sample

Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.

Bearish Calls:

Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend.
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