Come on guys, we're north of $33. I understand that could colapse in minutes but for a while now we've seen a gain in stock price and dividends are gradually being restored, seems someone would have something to say. Been a long time since we heard from Norm or Boat or Askew, miss hearing what you guys are thinking, positive or negative. And, Henry Williamson, if you ever tune on to this board, know that all of us old former BB&Ter's speak of you often and remember you fondly, you were a great leader and a void was created the day you retired that has never been filled!
Loans growth 1% per h.8 fed report. Nim in decline. ALL reserves running out of steam. Wfc radically changing branch model. Provisions for most banks already sub-normal. No thanks. I'm on the sidelines protecting my principal. Morgan Stanley conference this week. You'll get a taste of the 2nd qtr. Analysts results for s&p 500 show 4th qtr. 2013 and 2014 earnings of $30 and $33 respectively. First quarter 2013 is $26.74. Believe it? Good luck . Until USA becomes cost competitive in health care, our prospects for job creation and good economic growth are not good. Check out pbs article on interest on US health care costs vs. industrialized nations. We're 2 1/2 times higher than the average. The vast majority of Americans don't get it, particularly the tea party. I'm a capitalist and don't believe in socialism except when it comes to health care. The facts are indisputable.
Reality is that CONGRESS has not addressed the issue of uncontrollable health costs... and until that happens, country will hobble along... CONGRESS treats health care like Social Security, the Fed, and big banks... too big to fail... when the current health care system is nothing more than a Ponzi scheme..
If you want to socialize health care, that is, have the federal government take it over and provide it for all, then amend the Constitution... that's the legal way to do it...