Expert financial bloggers say Bank of America and Warren Buffett will help pull the economy out of the sub-prime sink hole
Article by Inveslogic Staff
It is common knowledge that the fallout from the sub-prime lending fiasco has spread to other sectors of the economy and now has America staring over the precipice of a recession. As liquidity tightens up and housing prices drop dramatically, America looks set to experience its first consumer-led recession in a generation. However, a possible acquisition at the very epicenter of the mortgage crisis is leading expert financial bloggers to speculate that the damage could be minimized.
Bank of America has finalized a deal to purchase a significant portion of the company at the center of the sub-prime mortgage fallout- Countrywide Financial. While rumors are also circulating that Warren Buffett is readying a play for a large chunk of the troubled mortgage lender. A number of top financial bloggers believe that this sign of faith from two stock market heavyweights is exactly what the market needs to help stave off further losses and reverse the current cycle.
Howard Linzon’s blog, widely-read for investment analysis, was adamant that Bank of America’s 2 billion dollar investment in Countrywide could bring back much needed confidence while simultaneously spelling trouble for short sellers. “Man, were the leaners and momentum shorts wrong. Somebody hates them… No sooner does my post speculating about a housing bottom dry than Bank of America plunge protects Countrywide with $ 2 billion.” While Linzon’s portfolio is maintaining its distance from financial and homebuilding stocks he implies that BoA’s clout is enough to make investors sit up and take notice. He stated “I don’t know if Bank of America can fix things, but they are going to put a new world of hurt on the shortsellers once again.”
The New York Times Dealbook blog preferred to focus more on Warren Buffet’s potential bid for a portion of Countrywide stock. They reported that speculation alone was enough to drive the companies price skyward. “Shares of Countrywide Financial rose as much as 11.5 percent on Tuesday on speculation Mr. Buffett’s Berkshire Hathaway might buy part of the largest U.S. mortgage lender.”The post mentions that Countrywide shares have lost almost half of their total value this year due to the rising impact of delinquencies and foreclosures. Seemingly the news comes at a crucial time for Countrywide with Dealbook also reporting that “the news came a day after a Merrill Lynch analyst said that that the company may be facing bankruptcy if liquidity worsens.” The post also offers a quote from Buffet himself stating that “the worsening credit and housing markets may present some “real” investment opportunities.” Interestingly enough, the New York Times has drawn some heat from some financial bloggers for allegedly underreporting Bank of America’s partial acquisition. Writing in the Forbes Digital Rules Blog, Rich Karlgaard made it plain to see that he considered this event to be very big news “<em>The</em> story of the last 24 hours has been Bank of America’s plan to invest $ 2 billion in Countrywide Financial. Here, at last, was the event the financial world sorely needed. A big buyer, a smart buyer, had stepped in and set a price for damaged sub-prime paper.” However, Karlgaard was clearly incensed that the Times didn’t print many details about BoA. Karlgaard followed up the previous quote by saying, “But the <em>New York Times</em> barely gives it a mention. Not a word on the front page. <em>Barely</em> a word on the business page!” Karlgaard noted that the story was featured above the fold on today’s issue of the Wall-Street Journal and the Financial Times and he accused the NYT of economic fear-mongering. “So when they bury the week’s most important financial event, it isn’t because they failed to recognize its importance–I’m sure they did. They just didn’t like its implication of good news.”
As the sub-prime crisis continues to unfold, it has rapidly become one of the most talked-about issues in the financial blogosphere. While nobody seems to be completely sure how this scenario will end up, the world of expert financial blogs seems to be in relative agreement that Bank of America and Warren Buffet could be about to do America’s economy a tremendous service, regardless of how much capital is generated by the acquisition, simply by injecting several billion dollars worth of confidence back into the US markets.
InvesLogic is something new. It’s the first company to organize expert financial and business blogs worth reading into a new form of market intelligence different from anything being provided by the mainstream investment media. We’re focused on providing the most valuable and timely market and business insight available in blogs today. For more information, visit inveslogic.com
Question by Ace Answsers-: OBAMA!??–Look who your Voteing for..?
This is Obamas outlook?–Wtf, Kinda messed up.
HE was –IVOLVED!!–with a former terrorist..And you want his to Rulel our Home..
Rev Jeremiah Wright, his pastor, who said, “God damn America”, is dying down.–As if things wernt bad enough..Look what the [Great] Person he picked said?
A PAST association with a former terrorist has returned to haunt Barack Obama as the battle for the Democratic presidential nomination nears its end game.
Republicans are turning on Obama for his connection with William Ayers, once a member of the Weather Underground, a terrorist group that bombed the Capitol, the Pentagon and the State Department in the 1970s.
Ayers was loosely involved in Obama’s election as an Illinois state senator in the late 1990s, when he was introduced to local activists at a meeting in his house. He also donated $ 200 to Obama’s reelection campaign in 2001.
Obama served with Ayers on the board of the Woods Fund, a philanthropic foundation, for three years and shared a platform with him at two academic conferences.
Related Links
Old bombers say: don’t try this at home
Clinton: Obama is unelectable
Multimedia
Pictures: race for the White House
Republicans believe they have found new evidence that Obama lacks judgment and patriotism just as the controversy over the Rev Jeremiah Wright, his pastor, who said, “God damn America”, is dying down.
The Weathermen, a small band of extreme leftists who got their name from lines in a Bob Dylan song – “You don’t need a weatherman to know which way the wind blows” – conducted a bombing campaign against targets such as police headquarters, prisons and courthouses for three years to “bring the [Viet-nam] war home”.
Two police officers were killed in 1981, when members of the Weathermen and Black Liberation Army stole $ 1m from an armoured car. It was their last action.
Ayers, 63, turned himself in to police that
Not racists, but he dosent need tobe in..Or McCain.
Best answer:
Answer by Dru P
obama 08 we thinks hes really great
What do you think? Answer below!
Taurus business and financial evaluation for 2011-Astrology predictions 2011
Taurus business and financial evaluation for 2011-Astrology predictions 2011
No doubt you are probably the most patient signs that have obstinacy. You wish to know in advance the way to proceed, as it fills you with a sense of safety and confidence. It feeds both the confidence and esteem in you. You don’t like to do projects that actually aren’t feasible, but would prefer to maneuver conservatively in the workplace, achieving little every time with the least possible risk.
For you it’s the year in which you should try hard to establish yourselves in the professional arena. However, Mars be in your chart from 16 January to 22 February and you will absolutely feel positive to most of the challenges you’ll face, enough to watch all the possible consequences before picking up the gauntlet. But you do have the paradox; put yourself tripping on your efforts. Excessive stress certainly won’t benefit you in anything. Simply pick up your sleeves, believe in your abilities and be confident that you’ll not be the losers of 2011. You are the one who don’t easily assimilate new ways of working.
As we enter the year, Venus passes through the sign of Scorpio in January and the full moon on January 19, you’ll definitely start turning your eyes to your business issues. The coexistence of the Sun, Mercury and Mars in Pisces will make you more social so you’ve the opportunity to further advertise your business skills seeking new alternatives and profit.
With the entry of Mars in the sign you’ll feel full of vitality and will boost your confidence so you can show off your leadership abilities by taking new, more and more serious responsibilities. The New Moon on March 4 will surely make you feel stronger consequently you regain your confidence. But as the March would be ending you will experience great stress at work as you’re likely to have a lot of misunderstandings. Keep in mind, the influence of reverse course and what it has to do with transport, it should make you more cautious on a business trip. You would be wise as we approach the end of May and put some money aside, but be optimistic and see if you can move your investments forward.
In June Jupiter passes in your sign. The first few days, namely on 4 June, new challenges and opportunities come to the fore, while you see your pockets to swell it affects your New Moon on the first day of summer. It will likely be hard to find worthwhile alternatives during the summer season and especially towards the end of the Poseidon.
Don’t relax and also underestimate the affect of Mercury turning again to reverse course on August 2 to the Virgin and then to Leon, whom if you do not give appropriate attention can be your trouble.
This September there will be the easiest month of the year and will increase the pressure in your workplace where you will encounter some obstacles in trying to realize your professional and financial goals. Use your earthly instinct and try to win some time to chill out to be able to have sober thinking to maneuver ahead vigorously later, Venus will pass through the zodiac sign of Scorpio on October 9.
Don’t lose your temper when you find that they do not understand what you need from people in your business environment. Keep away from, however, making new investments and taking hasty decisions.
In 2011 you get the opportunity to broaden your horizons. Seize the opportunities presented and make any changes you deem necessary. So if you combine your practical nature, thinking and sober realism, you with little flexibility and conciliatory attitude, will reap all the benefits planets have to offer.
Any adept astrologer can easily offer you predictions on the following-
LEVEL OF COLLECTION OF MONEY IN YOUR LIFE
AGE UPTO/BEYOND WHICH YOUR FINANCES WILL BE Steady
AREAS FROM WHERE Riches CAN BE BROUGHT IN
SUCCESS IN INVESTMENTS
ANY COMBINATIONS/HABITS THAT MAKE MONEY ISSUES NEGATIVE FOR YOU
PERIODS OF HIGHS AND LOWS
MOST APPROPRIATE WAYS TO BRING IN PROFIT( BUSINESS/JOB etc)
ANY BAD COMBINATION OF PLANETS ARRESTING YOUR Financial SUCCESS
.We have with us most experienced of the astrologers who have gone through thousands of horoscopes collectively before making any predictions for you. Check us out and explore yourself at Financial astrology. To visit the homepage click here Astrology predictions 2011
www.yourastrologysigns.com What’s in store for 2011-2012? Barbara gives her forecast for the world and the economy.
Question by yo?r ????r d?va’? c?a?p, e??ly: What are your big predictions for 2011?
What do you predict for 2011? Any big returns, anyone retiring, pushes, new champions, face or heel turns, feuds, anything you think will happen?
Best answer:
Answer by I Hate Yahoo! Ted Andru
john morrison wins the wwe title at wrestlemania XXVII
Give your answer to this question below!
Categories: Predictions 2011 Tags: 2011, 2011Astrology, ASTROLOGY, astrology predictions, Business, evaluation, excessive stress, Financial, patient signs, PREDICTIONS, predictions 2011, SIGN, Taurus, yourastrologysigns.com, Youtube
Common immigration violations and financial consequences in USA
Common immigration violations and financial consequences in USA
Illegal immigration is a growing problem in USA. Historically USA has acted as the
Categories: Democratic Vs Republican Tags: 1 billion dollars, asylum seekers, Common, consequences, european refugees, Financial, IMMIGRATION, Immigration Reform, law, price, Time, violations, Web, Youtube
