Thursday, December 08, 2011

@AllAmerInvest Equites Cheap, Corzine Dumb, Mortgage Debt Worries, China Doink, Rates Cut

3 Reasons Why Equities Are The New Safe Haven

It is almost a certainty that this is the most "under-invested" U.S. consumers (ordinary average people on the street) have been in the stock market since at least the early 1990s. And it wouldn't surprise me in the slightest that this is the most under-invested they have been since the early 1980s, perhaps even going way back to the mid 1960s.
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Corzine: 'I don't know where the money is'
"I simply do not know where the money is, or why the accounts have not been reconciled to date," said Corzine, in prepared testimony to the House Agriculture Committee on Thursday.

All American Investor

Falling U.S. Mortgage Debt Erodes Consumer Spending as Wealth Effect Fades
U.S. mortgage debt, a driver of consumer spending during the real estate boom, may be about to enter its fourth year of decline as foreclosures wipe out home loans and housing purchases fall.

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Poll: Investors Predict China Bank Crisis
Sixty-one percent of respondents said they anticipate a crash in the financial industry by late 2016, and only 10 percent were confident China’s banks will escape trouble, according to the quarterly poll of 1,097 investors, analysts and traders who are Bloomberg subscribers conducted Dec. 5-6.

European Central Bank Cuts Rate as Crisis Rages
The European Central Bank cut its main interest rate by 25 basis points to 1.0 percent on Thursday as the euro zone's worsening debt crisis outweighed the concern over persistently high inflation.

Original content Bob DeMarco, All American Investor