I didn't know that...although I remember that banks have to report any transactions over $10,000.

I will have to check this out! Thanks!

My mother told me that, during The Great Depression, anyone who paid anything on their mortgage - even a few dollars per month - was left alone by the mortgage companies. There was no potential profit in foreclosing on many mortgages at once, so people who paid something every month were ignored.

Just FYI.

Jan

When the Dictator wants to golf they aren't.

All golf courses are closed under Marshall Law...?

What...you got a crystal ball, Wiggy? What the hell makes you think he won't declare (or at least attempt to declare) martial law? What has he done that could possibly point to anything different than a desire for a total take over???

Who cares who the blame gets pinned on...it's pinned on ALL that helped it happen, including the ignorant masses. Pointing a finger and placing blame will not feed your belly.

it will not get that bad. he will not declare m/l. however if possible all the blame will be put on someone else and bush is a good candidate.

Calling the oil price decline a crash shows a critical lack of understanding of functional (as opposed to monetary) economics. This was a much needed correction of hyperinflation excess

The price of crude and gasoline is now much more in alignment with overall inflation.

The gross increase in purchasing power of the nation’s consumers resulting from the drop in prices at the pump times the for the consumer is huge

This should create far more economic expansion than what is lost in the one oil industry.

Also, more of our purchasing power is now staying on-shore.

An economic collapse may be just what the Marxist in office Cloward and Piven wants in a hope of declaring martial law and seizing the power of a full-blown dictator.
But should the collapse wait until we have a new president, especially should he be GOP, O just may have a Bush to blame on the flip side.
It's to be a win-win for a Teflon-coated political career that began in the home of Bill Ayers.

I am retired, and this whole thing scares and disgusts me. I saved all my life only to have my savings stolen by the Obama crew printing money, and the resulting depression that will happen when the wealth is used up for his stupid giveaway programs and wars.

It can't go on much longer. I hope that it can be staved off until a new President is in office, but I fear too much damage has been done to prevent it from happening before our current President leaves office.

Now that the Europeans are exercising "quantitative easing", printing more Euros, these fiat currencies begin to resemble Al Capp's infamous Lower Slobbovian Razbukniks. How long before we start to see trillion Euro notes like the Zimbabwean dollar?

I have NO idea what you are talking about...but I do wake up every morning and tell myself that this is the day to turn some of that IRA into gold!

If you write calls, people are paying for the volatility you mention. I have no calls ( or short puts) but I may take a position if we see more drop in SPY. I have a history of bad market timing though so maybe you'll sell me a year's worth of time premium and the options expire worthless. Only time will tell. Predicting the future is fun and profitable if you're right. :)