PeakTrader.com

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PeakTrader said...

Climate change is not about science, it's about power.

We need to stop government from taking over the (private) energy industry, because it's almost certain it'll result in higher prices, lower quality, or a collapse of the industry, like health care, education, housing, finance, etc.

Also, if Americans had to pay for the 2010 U.S. budget deficit, every household in America would've sent the U.S. government roughly an additional $1,000 a month in 2010.

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PeakTrader said...

It seems, many homeowners are living in their homes for free longer:

Pending Home Sales Decreases by 4.6%
Oct 27, 2011

"Foreclosure filings declined 34 percent in the third quarter from a year earlier as states continued to probe allegations of foreclosure “robo-signings” and lenders scrutinized paperwork, according to RealtyTrac.

Default notices rose 14 percent in the third quarter from the prior three months."

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And, it doesn't seem the economy is on the verge of a boom:

Rising Credit Card Use May Be Mixed Blessing
November 2, 2011

"MasterCard Inc. (NYSE: MA) absolutely crushed estimates this morning, reporting third-quarter EPS of of $5.63 on revenue of $1.82 billion.

High unemployment and stagnant wages are the likeliest causes of the increase in credit card use.

The concern is that the uptick in credit card use will lead to a similar uptick in delinquencies and defaults."