Article

2009-03-25 Economy

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Posted by Fred 2009-03-25 00:00|| || Front Page|| [1 views ] Top

#1 Citigroup profitable? That was operating profits, which excludes the balance sheet stuff such as the toxic assets.

Posted by Cynicism Inc 2009-03-25 06:45|| 2009-03-25 06:45|| Front Page Top

#2 "A snorkel or an aqualung?"

Aqualung was a way better album than Snorkel. No comparison.

Posted by Penguin 2009-03-25 08:18|| 2009-03-25 08:18|| Front Page Top

#3 In 1930 there were three recoveries that looked major, and a total of seven for the year. Needless to say, they didn't pan out.

Posted by Anonymoose 2009-03-25 10:38|| 2009-03-25 10:38|| Front Page Top

#4 Citigroup believable? Citigroup solvent?

Posted by Anguper Hupomosing9418 2009-03-25 11:24|| 2009-03-25 11:24|| Front Page Top

#5 Americans lost a collective $12.7-trillion last year.

How much of that was stock-market loss, how much a "paper" loss based on changes in the market value of their home? I'm halfway through paying off a 30-year mortgage on a home I bought for $65K. It's currently "valued" at $150K by the city - more than twice what I paid for it. Homes like mine are selling for $135K-$175K here in town. If you state that the change in appraisal value from $65K to $150K increased my net worth by $85K, and now my home is "only" worth $125K now, then you could say I've "lost" $25K. Since I haven't realized either the "gain" or the "loss", it really has no meaning to me. The people really hurt by all this are the folks in their 50's and 60's who invested heavily in stocks and bonds for their retirement. Not only are their holdings worth less, but the cash dividends they'd expected to help them in their retirement years are either missing or greatly reduced. The fact that the US still hasn't undone some of the very laws that got us into this mess doesn't give me a good feeling for the future.

Posted by Old Patriot">Old Patriot 2009-03-25 17:56|| http://oldpatriot.blogspot.com/]">[http://oldpatriot.blogspot.com/] 2009-03-25 17:56|| Front Page Top

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