Comments on: In tune with the bear market http://business.blogs.cnn.com/2008/10/10/in-tune-with-the-bear-market/ Get to grips with the issues affecting world business Wed, 16 Dec 2009 20:43:39 +0000 http://wordpress.com/ hourly 1 By: Uma in Liverpool, UK http://business.blogs.cnn.com/2008/10/10/in-tune-with-the-bear-market/#comment-5716 Uma in Liverpool, UK Mon, 27 Oct 2008 23:08:47 +0000 http://cnnibusiness.wordpress.com/?p=584#comment-5716 Tell me why... Tell me why... Tell me why... [They] don't like Mondays. - with apologies to the Boomtown Rats I should really record my 'Homeless for Christmas' cd this year. Bother. I've no money! Tell me why... Tell me why... Tell me why...
[They] don't like Mondays.

- with apologies to the Boomtown Rats

I should really record my 'Homeless for Christmas' cd this year. Bother. I've no money!

]]> By: Dawn Rich http://business.blogs.cnn.com/2008/10/10/in-tune-with-the-bear-market/#comment-5626 Dawn Rich Sun, 26 Oct 2008 15:54:50 +0000 http://cnnibusiness.wordpress.com/?p=584#comment-5626 This comment is in response of your show dated 10/26/08 8:00am pacific time. You stated that it was our fault that we lost our homes due to spending beyond our means. This is not true. We too almost lost our home but it was due to the loan company who deceived us. They told us that our monthly payments would be $1,700.00 per month. It was only after we had packed our things, put in our address change, and paid the down payment, we were told that our payment was really $2,700.00 dollars per month. We stayed in the home for almost a year before our small business started slowing down due to the economy and we thought we had better sell our home before we had lost it because we had trouble making the payment. We did however find a buyer because we would have lost our $100,000.00 deposit. Also when we sold it, we were penalized $ 10,000.00 by Washington Mutual for selling early. This was the clincher "After a year of paying $2,700.00 per month of mortgage payments which we were tricked into, the principal torwards the house was only $ 400.00. 707 431-0110 This comment is in response of your show dated 10/26/08 8:00am pacific time. You stated that it was our fault that we lost our homes due to spending beyond our means. This is not true. We too almost lost our home but it was due to the loan company who deceived us. They told us that our monthly payments would be $1,700.00 per month. It was only after we had packed our things, put in our address change, and paid the down payment, we were told that our payment was really $2,700.00 dollars per month. We stayed in the home for almost a year before our small business started slowing down due to the economy and we thought we had better sell our home before we had lost it because we had trouble making the payment. We did however find a buyer because we would have lost our $100,000.00 deposit. Also when we sold it, we were penalized $ 10,000.00 by Washington Mutual for selling early. This was the clincher "After a year of paying $2,700.00 per month of mortgage payments which we were tricked into, the principal torwards the house was only $ 400.00.

707 431-0110

]]> By: Dharmesh Sanghani http://business.blogs.cnn.com/2008/10/10/in-tune-with-the-bear-market/#comment-5620 Dharmesh Sanghani Sun, 26 Oct 2008 06:08:35 +0000 http://cnnibusiness.wordpress.com/?p=584#comment-5620 I would comment on the larger picture and not only stock markets. Well its good to have such EU-Asia summits but i feel its too little too late. The main cause of ongoing volatility in stock markets / commodity markets is largely because of Fed and US Treassury continuing to inject more stimulus packages into the maket and not allowing the markets to bottom-out. The current volatility is to force Feb to cut another 50 bps - but this makes little sense and the confidence has been lost between the banks for interbank lending. So such rate cuts or fund injection make little or no sense as banks are hoarding cash. LIBOR and EURIBOR should be maintained at current levels and not dance in line with Fed as now Fed has little or no relevance in today's credit and cash crunch crisis. Finally consistancy and regulated lending policy, maintain interest rates at current levels and monitor interbank lending will reduce volatility and bring back cash and the confidence. I would comment on the larger picture and not only stock markets. Well its good to have such EU-Asia summits but i feel its too little too late. The main cause of ongoing volatility in stock markets / commodity markets is largely because of Fed and US Treassury continuing to inject more stimulus packages into the maket and not allowing the markets to bottom-out. The current volatility is to force Feb to cut another 50 bps – but this makes little sense and the confidence has been lost between the banks for interbank lending. So such rate cuts or fund injection make little or no sense as banks are hoarding cash.

LIBOR and EURIBOR should be maintained at current levels and not dance in line with Fed as now Fed has little or no relevance in today's credit and cash crunch crisis.

Finally consistancy and regulated lending policy, maintain interest rates at current levels and monitor interbank lending will reduce volatility and bring back cash and the confidence.

]]> By: PAUL BANERJEE http://business.blogs.cnn.com/2008/10/10/in-tune-with-the-bear-market/#comment-5618 PAUL BANERJEE Sun, 26 Oct 2008 05:02:40 +0000 http://cnnibusiness.wordpress.com/?p=584#comment-5618 The recent financial crisis has caused considerable anxiety and the worse is far from over. Various theories will resonate over the years to come. The debate ranges from 2008 economics Nobel Laureate Krugman’s approval of governments’ support to financial institutions to dismay over weak and unethical corporate governance. As we try to comprehend the intricacies of this debacle, it is disappointing as well as irritating to view an analysis from your Richard Quest, who is possibly an expert on reporting of everyday news. I would recommend that he sticks to stories on business travel and other topics that he is capable of handling more aptly. Paul Banerjee The recent financial crisis has caused considerable anxiety and the worse is far from over. Various theories will resonate over the years to come. The debate ranges from 2008 economics Nobel Laureate Krugman’s approval of governments’ support to financial institutions to dismay over weak and unethical corporate governance.

As we try to comprehend the intricacies of this debacle, it is disappointing as well as irritating to view an analysis from your Richard Quest, who is possibly an expert on reporting of everyday news. I would recommend that he sticks to stories on business travel and other topics that he is capable of handling more aptly.

Paul Banerjee

]]> By: Nicholas LiBretto http://business.blogs.cnn.com/2008/10/10/in-tune-with-the-bear-market/#comment-5609 Nicholas LiBretto Sat, 25 Oct 2008 20:11:45 +0000 http://cnnibusiness.wordpress.com/?p=584#comment-5609 Capitol finally interviewed a representative of the AFL-CIO to get a handle on the uncounted unemployed in the US. I believe the root cause of the economic crisis is not the housing market. But the unseen problem is the uncounted unemployed and underemployed. People can not find work at a desent wage or can not find work at all. It's simple can find desent work. Then you can't pay the rent. Even college grades are having an extremely hard time. NAFTA was a US government disaster. Gobalization is also a disaster. Take an isolated occurence. Pennsylvania. US sent it's steel industry to Japan in the 80's and 90's. The region was economically wrecked. Never recovered. Whole towns emptied out. Immortilized in song by Billy Jol. Now multiple that by every region in the US. Economic disaster for the whole country. History has already proven countries need trade barriers. Government staistics have been hidding the truth for at least two years. Their statistics can not pass a hypothesis test. Name a stat. Inflation, unemployment, GNP. Name one. There is no validation. Validation is the mark of a professional statistician. The fed did nothing except collect numbers to get the best outcome in a political light. I speculate that the collection of those numbers are not within any statistical standard or method. If it were the economic crisis would have been a predictable possability or detected earlier. Capitol finally interviewed a representative of the AFL-CIO to get a handle on the uncounted unemployed in the US. I believe the root
cause of the economic crisis is not the housing market. But the
unseen problem is the uncounted unemployed and underemployed.
People can not find work at a desent wage or can not find work at all.

It's simple can find desent work. Then you can't pay the rent. Even
college grades are having an extremely hard time. NAFTA was a US
government disaster. Gobalization is also a disaster.

Take an isolated occurence. Pennsylvania. US sent it's steel industry
to Japan in the 80's and 90's. The region was economically wrecked.
Never recovered. Whole towns emptied out. Immortilized in song by
Billy Jol. Now multiple that by every region in the US. Economic
disaster for the whole country. History has already proven countries
need trade barriers.

Government staistics have been hidding the truth for at least two
years. Their statistics can not pass a hypothesis test. Name a stat.
Inflation, unemployment, GNP. Name one. There is no validation.
Validation is the mark of a professional statistician. The fed did nothing except collect numbers to get the best outcome in a political
light. I speculate that the collection of those numbers are not within any statistical standard or method. If it were the economic crisis would have been a predictable possability or detected earlier.

]]> By: Troy from Woodstock First Nation - Canada http://business.blogs.cnn.com/2008/10/10/in-tune-with-the-bear-market/#comment-5605 Troy from Woodstock First Nation - Canada Sat, 25 Oct 2008 14:05:53 +0000 http://cnnibusiness.wordpress.com/?p=584#comment-5605 It is refreshing to see real intelligence in Mr. Steven Leib, the only talking head that gets what is happening to this economy. If this were a house, the roof was put on with the 700B failout. The walls were put up by the other bailout for the banks, now we have to try to strengthen our foundation, being the 95%. What, another insulting $300 to tuck away again? We needed to start from the bottom up with the foundation and rebuild those walls and roof. Let the credit companies fail, let everyone lose. For every loser, there is always a winner. It just seems that government and media, or anyone who has money doesn't want to see that kind of shift. Greed is running everything, including CNN. It is refreshing to see real intelligence in Mr. Steven Leib, the only talking head that gets what is happening to this economy.

If this were a house, the roof was put on with the 700B failout. The walls were put up by the other bailout for the banks, now we have to try to strengthen our foundation, being the 95%.

What, another insulting $300 to tuck away again? We needed to start from the bottom up with the foundation and rebuild those walls and roof. Let the credit companies fail, let everyone lose. For every loser, there is always a winner. It just seems that government and media, or anyone who has money doesn't want to see that kind of shift.

Greed is running everything, including CNN.

]]> By: Business Guru http://business.blogs.cnn.com/2008/10/10/in-tune-with-the-bear-market/#comment-5598 Business Guru Sat, 25 Oct 2008 05:55:31 +0000 http://cnnibusiness.wordpress.com/?p=584#comment-5598 Better to go out with a bang, than to fade away, As I always say, The markets can be good, the markets can be bad, But it never lasts long, it is so so sad, To make those paper losses day after day, would it not be nice to retire with some pay. Better to go out with a bang, than to fade away,
As I always say,
The markets can be good, the markets can be bad,
But it never lasts long, it is so so sad,
To make those paper losses day after day,
would it not be nice to retire with some pay.

]]> By: Charles Raymond http://business.blogs.cnn.com/2008/10/10/in-tune-with-the-bear-market/#comment-5591 Charles Raymond Fri, 24 Oct 2008 21:07:48 +0000 http://cnnibusiness.wordpress.com/?p=584#comment-5591 Do you want to know why the stock market is tanking? I am part of a family of wealth and so are my friend's and we are scared to death what will happen to our wealth if O'Bama gets in. And we are all liquidating our portfolio's. Do you want to know why the stock market is tanking? I am part of a family of wealth and so are my friend's and we are scared to death what will happen to our wealth if O'Bama gets in. And we are all liquidating our portfolio's.

]]> By: Ashraf http://business.blogs.cnn.com/2008/10/10/in-tune-with-the-bear-market/#comment-5574 Ashraf Fri, 24 Oct 2008 17:32:36 +0000 http://cnnibusiness.wordpress.com/?p=584#comment-5574 I own a small business (an Engineering firm) in Egypt. We design environmental solutions and import our equipment from Europe. the falling value of the Euro is currently an advantage, but if the Euro bounces back suddenly it will cause me a big problem and may lead to massive losses. I am still pricing everything in terms of 1 Euro= $ 1.5 I have no advantage so far. I just need for someone to forecast how will the currency market change during the next year. THANX Ashraf I own a small business (an Engineering firm) in Egypt. We design environmental solutions and import our equipment from Europe. the falling value of the Euro is currently an advantage, but if the Euro bounces back suddenly it will cause me a big problem and may lead to massive losses. I am still pricing everything in terms of 1 Euro= $ 1.5
I have no advantage so far. I just need for someone to forecast how will the currency market change during the next year.

THANX

Ashraf

]]> By: BlackRaiser http://business.blogs.cnn.com/2008/10/10/in-tune-with-the-bear-market/#comment-5327 BlackRaiser Sun, 19 Oct 2008 04:49:41 +0000 http://cnnibusiness.wordpress.com/?p=584#comment-5327 After Joe the Plumber, who's next? Rosie the Rivetter? Are we going to whistle to the bank: Minnie's in the Money or Brother Can You Spare a Dime? After Joe the Plumber, who's next? Rosie the Rivetter? Are we going to whistle to the bank: Minnie's in the Money or Brother Can You Spare a Dime?

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