Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Very good question. That takes integrity and there is a short supply of that lately.
Last prediction I read from you ran 800 percent. I'm sure you have made others though.
Won't be their first.
Back to running it down first thing in the morning and after lunch.
Same thing almost every day. Push it down 10 cents attract buyers and sell into the struggle up. After lunch do it again. Someone's selling a lot of their shares. Until this is over nothing changes.
It's selling of shares. They run it down in the first 30 minutes and sell into the attempted recovery. It will end somewhere and there will be plenty of money to be made. It's anyone's guess when.
That's a lot of work for for zero return.
Part of the reason is he posts charts on stocks that have had big runs for the most part. Most are due for pull backs plus nobody notices as much than on a red day.
I agree and I'm sure he would love to go back and leave the other part out.
You are right on the part where he said if you do not vote in my district you better pay up to be able to talk to me about policy. Any way you spin it was pay to play regarding anything outside his voting area.
QUESTIONABLE SOURCE
A questionable source exhibits one or more of the following: extreme bias, overt propaganda, poor or no sourcing to credible information and/or is fake news. Fake News is the deliberate attempt to publish hoaxes and/or disinformation for the purpose of profit or influence (Learn More). Sources listed in the Questionable Category may be very untrustworthy and should be fact checked on a per article basis. Please note sources on this list are not considered fake news unless specifically written in the notes section for that source. See all Questionable sources.
Bias: Extreme Right, Conspiracy, Propaganda, Some Fake News
Notes: The American Journal Review is a very right wing biased website with many conspiracies and fake news stories. They also publish misleading headlines that do not match the story. For example, they have a headline entitled “Michelle Obama Told Every White Kid To Go Home And Say That Their Grandparents Are RACISTS!” Obviously, that is not what she said. This same article also is linked to the fake news, propaganda website the Angry Patriot. Further, the American Journal Review is also on Factcheck.org’s fake news list. (7/9/2017)
Source: http://www.americanjournalreview.com/
How do you rate: American
I was talking about the deal from the government they got on money received from foreclosures.
Agree 100 percent.
This sounds great but it's going on the premise that they will do what's best for the many and not do what's best for a select few in some shady back room deal. Munchin and Soros have already shown what kind of deals some can get from the government in these situations in their cant lose foreclosure scheme. Republicans have always wanted Fannie Mae to go away. In the past all they could do was make them a private company but now have the opportunity to get rid of them. Democrats would probably love to have them as a government owned agency. That doesn't leave many law makers wanting to go back to where they were before the crisis. jmho
They are not at 0005.
This is how I read it also. The one problem was the RICO charges. The offered to put them aside until after the case and the judge agreed continuing the case.
What are these if anything.
https://www.pacermonitor.com/public/case/22802326/Attia_et_al_v_Google_LLC_et_al
I have always thought the statute of limitations ended with the first filing.
CDEL has a lot of shares for sale. That 10 k on the ask has been absorbing buys for the last 2 days.
This is a joke. If true every mj business would be closed. This is very old news and effects nothing.
Is it true Ally charges a penny a share for anything under 2 dollars. I have an old acct bought by Ally but don't use it very much.
This is probably why.
Government set to borrow nearly $1 trillion this year, an 84 percent jump from last year
Government set to borrow nearly $1 trillion this year, an 84 percent jump from last year
It was another crazy news week, so it's understandable if you missed a small but important announcement from the Treasury Department: The federal government is on track to borrow nearly $1 trillion this fiscal year — Donald Trump's first full year in charge of the budget.
That's almost double what the government borrowed in fiscal year 2017.
Here are the exact figures: The U.S. Treasury expects to borrow $955 billion this fiscal year, according to a documents released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year.
Treasury mainly attributed the increase to the "fiscal outlook." The Congressional Budget Office was more blunt. In a report this week, the CBO said tax receipts are going to be lower because of the new tax law.
The uptick in borrowing is yet another complication in the heated debates in Congress over whether to spend more money on infrastructure, the military, disaster relief and other domestic programs. The deficit is already up significantly, even before Congress allots more money to any of these areas.
"We're addicted to debt," says Marc Goldwein, senior policy director at Committee for a Responsible Federal Budget. He blames both parties for the situation.
What's particularly jarring is this is the first time borrowing has jumped this much (as a share of GDP) in a non-recession time since Ronald Reagan was president, says Ernie Tedeschi, a former senior adviser to the U.S. Treasury who is now head of fiscal analysis at Evercore ISI. Under Reagan, borrowing spiked because of a buildup in the military, something Trump is advocating again.
Trump didn't mention the debt — or the ongoing budget deficits — in his State of the Union address. The absence of any mention of the national debt was frustrating for Goldwein and others who warn that America has a major economic problem looming.
"It is terrible. Those deficits and the debt that keeps rising is a serious problem, not only in the long run, but right now," Harvard economist Martin Feldstein, a former Reagan adviser, told Bloomberg.
The White House got a taste of just how problematic this debt situation could get this week. Investors are concerned about all the additional borrowing and the likelihood of higher inflation, which is why the interest rates on U.S. government bonds hit the highest level since 2014. That, in turn, partly drove the worst weekly sell-off in the stock market in two years.
The belief in Washington and on Wall Street has long been that the U.S. government could just keep issuing debt because people around the world are eager to buy up this safe-haven asset. But there may be a limit to how much the market wants, especially if inflation starts rising and investors prefer to ditch bonds for higher-returning stocks.
"Some of my Wall Street clients are starting to talk recession in 2019 because of these issues. Fiscal policy is just out of control," says Peter Davis, a former tax economist in Congress who now runs Davis Capital Investment Ideas.
The Federal Reserve was also buying a lot of U.S. Treasury debt since the crisis, helping to beef up demand. But the Fed recently decided to stop doing that now that the economy has improved. It's another wrinkle as Treasury has to look for new buyers.
Tedeschi, the former Treasury adviser to the Obama administration, calls it "concerning, but not a crisis." Still, he says it's a "big risk" to plan on borrowing so much in the coming years.
Trump's Treasury forecasts borrowing over $1 trillion in 2019 and over $1.1 trillion in 2020. Before taking office, Trump described himself as the "king of debt," although he campaigned on reducing the national debt.
The Committee for a Responsible Federal Budget predicts the U.S. deficit will hit $1 trillion by 2019 and stay there for a while. The latest borrowing figure - $955 billion - released this week was determined from a survey of bond market participants, who tend to be even faster to react to the changing policy landscape and change their forecasts.
Both parties claim they want to be "fiscally responsible," but Goldwein says they both pass legislation that adds to the debt. Politicians argue this is the last time they'll pass a bill that makes the deficit worse, but so far, they just keep going.
The latest example of largesse is the GOP tax bill. It's expected to add $1 trillion or more to the debt, according to nonpartisan analysis from the Joint Committee on Taxation (and yes, that's after accounting for some increased economic growth).
But even before that, Goldwein points to the 2015 extension of many tax cuts and the 2014 delays in Medicare reimbursement cuts.
"Every time you feed your addiction, you grow your addiction," says Goldwein.
There doesn't seem to be any appetite for budgetary restraint in Washington, but the market may force Congress' hand.
Thanks
Anyone have a link to the AEI paper?
Conservatives release blueprint for Trump to 'eliminate' Fannie Mae, Freddie Mac
by Joseph Lawler | Feb 26, 2018, 6:00 PM
The plan to 'eliminate' Fannie Mae and Freddie Mac could be enacted by a Trump appointee to the Federal Housing Finance Agency beginning in 2019. (AP Photo/Manuel Balce Ceneta, File)
The plan to 'eliminate' Fannie Mae and Freddie Mac could be enacted by a Trump appointee to the Federal Housing Finance Agency beginning in 2019. (AP Photo/Manuel Balce Ceneta, File)
Sign up for breaking news alerts
Email Address
Conservatives who are pushing for the elimination of Fannie Mae and Freddie Mac on Monday gave President Trump a blueprint for phasing out the government-sponsored enterprises by himself.
Analysts with the American Enterprise Institute and other right-of-center think tanks began rolling out a guide for how the Trump administration could “eliminate” Fannie and Freddie over the course of several years without any action from Congress. AEI also plans a conference Tuesday morning to discuss the paper, which could influence GOP lawmakers.
Start Up Stories: Pigeonly
Watch Full Screen to Skip Ads
The plan is tailored for enactment by a Trump appointee to the Federal Housing Finance Agency, the government entity responsible for overseeing Fannie and Freddie.
The agency is currently headed by Mel Watt, an Obama appointee whose term extends to the end of the year. But a Trump replacement, the conservative authors argue in a 113-page paper, could wind down Fannie and Freddie by gradually lowering the size limits for the loans that the two entities are allowed to purchase and repackage into mortgage-backed securities, while at the same time preventing them from buying certain kinds of loans.
“We believe that the election of Donald Trump has made it possible to break this logjam,” they wrote, referring to the government-sponsored enterprises’ nearly decadelong stay in government custody.
The plan is an alternative to legislation that a bipartisan group of senators are currently trying to advance, although that effort has not gained traction so far and faces dimming prospects ahead of the midterm elections.
The discussion draft bill, led by Sen. Bob Corker, R-Tenn., would retain key features of the current system, in which the two companies buy mortgages from banks and other lenders and package them into securities for sale to investors, complete with a government guarantee if the securities go bad. Specifically, the Corker plan would include a government guarantee for mortgage-backed securities and support for affordable housing.
But some of the new paper’s conservative authors, including AEI’s Peter Wallison and Ed Pinto, have argued for years that the government-sponsored enterprises and affordable housing mandates helped cause the financial crisis by inflating the housing bubble and helping cause the proliferation of risky mortgages. Their analysis has earned the endorsement of many conservative members of Congress, who’ve placed blame for the financial crisis on government activism, rather than on the private sector.
The paper released Tuesday will lay out the case that government guarantees for mortgage-backed securities and affordable housing mandates haven’t helped first-time homebuyers afford housing in the past, based on homeownership rates. It will also note that just a tiny slice of Fannie and Freddie’s activities — about 1 in 10 of its loan dollars — benefit first-time homebuyers buying inexpensive houses.
Instead, the conservatives argue that paring back government subsidies for mortgage credit put downward pressure on house prices, bringing homeownership within the price range of more buyers. They're betting that the private market will step up to meet demand for mortgage-backed securities as Fannie and Freddie back out.
To that end, they wrote, Trump’s appointee for FHFA director should reduce the limits on home loans eligible for GSE backing in high-cost areas on his or her first day in office, which could be as early as Jan. 1, 2019. For 2018, that limit is set at $679,650.
The next year, the director should stop purchasing investor loans and loans for vacation homes. In 2021, he or she should cease doing cash-out refinances. The next step, in future years, would be to lower the regular limit on home loans. For 2018, the limit is $453,100.
The authors recommended lowering Federal Housing Administration limits at the same time, to avoid having the FHA pick up business dropped by Fannie and Freddie.
In the first few years, those plans would significantly shrink Fannie and Freddie. But they wouldn’t be eliminated, or even close to it, until years down the road, meaning that the plan could be endangered if Trump loses re-election and a successor reverses his policies.
Trump administration officials have expressed support for a bipartisan legislative effort to overhaul the housing finance system. But Treasury Secretary Steven Mnuchin has also said that the administration would have options for overhauling Fannie and Freddie.
Back in at 0013. Two day pull back is nowhere near out of the ordinary.
Investigate what? The company went out of its way to report the delutive shares 2 different times. Nothing to investigate IMO. Also I have no position in this stock.
It means absolutely nothing.
Not many people can say they have become an urban myth like Clay.
No one is shorting sub penny stocks.
Not shorting. Its no different than any other. Depends I guess. I know at one time options was a big subject there.
Clay sells products. He doesn't have a group and short stocks.
Why has Sweeney case been silent for so long. Seems like it was moving along and then nothing. Have I missed something.
I doubled my position a little above the 50 ma.
Funny how these stories are shaped. Every rag is an arm of the Republican party and most were created as a propaganda tool. That money should go to the people that were harmed by those banks just like any money coming from the opioid lawsuits should go to the victims instead of the government. I have no problem with this.
Whats the complaint? Some guy bought a bunch of shares of RCMH which started a bunch of speculation on a message board. I bought in high on momentum and it tanked before I could get out. I'm sure they haven't seen that before.
You the man 53. Good call. Let's hope it continues.
I think they are insured up to 100k.