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People's United Financial Inc. Message Board

hot_hipps 286 posts  |  Last Activity: 10 hours ago Member since: Aug 11, 2010
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  • hot_hipps hot_hipps 10 hours ago Flag

    Bill licked it.....I mean liked it.... for a while anyway

  • Lew and Geithner and Yellen and Bernanke and dare I say Obama must be grinnin' ear to ear. As Treasury told Kiel Bass, they are going to trash the dollar. And as Schiff says, when inflation finally gets here it is going to be ferocious. Hey middle class boomers...your lifetime of savings (which you have invested for retirement) is exactly where society intends to get the dollars to pay back the loan for the excessive standard of living of the last 50 years. Have a nice retirement! The UK just fired a nuke in the currency war. And the biggest debtor societies will be the biggest loosers. And guess what country is the worlds biggest debtor.....

  • hot_hipps hot_hipps Jun 25, 2016 3:53 AM Flag

    And "Real poverty" has been created through fractional banking, an unbacked currency, and forced inflation through excess fiat creation. The last 50 or 60 years has been characterized by money center banks using "their FED" to effectively steal the hard work, innovation and productivity from middle class Americra. With each fiat dollar they create, the inflation it causes enables the concealment of real wage contraction. You are correct about the creation of Real wealth merenkov, but unfortunately the real wealth that we created over the last half decade went into the pockets of a relative few. But not to worry, innovation is the product of education...and we totally frittered that lead away.

  • Reply to

    5th straight Qtr. that IMH has been positive

    by aragonsam8 Apr 28, 2016 10:29 PM
    hot_hipps hot_hipps May 19, 2016 3:29 PM Flag

    "5th straight Qtr. that IMH has been positive".....So where's the divvy? In the boards pocket?

  • hot_hipps hot_hipps Apr 27, 2016 1:02 PM Flag

    "both Gross and Grant have been wrong"....and you?

  • hot_hipps hot_hipps Apr 6, 2016 8:02 AM Flag

    "will foreigners keep buying USTs"
    Of course they will.
    Foreign countries want to do business with and sell their wears to the US.
    AND so long as your neighbor wants to "keep up with the Jones" AND he has a dime's worth of equity or a nickels worth of credit to spend on that goal, then foreigners will be buying UST's.
    2008 gave you a pretty clear picture of what happens to the trade balance when the US consumer stops spending cold turkey.
    We collectively have a LOT more equity in our collective "reserve currency house" to peess away before we stop spending cold turkey again.
    That equity will become apparent when the upcoming Nuclear QE bomb goes off.
    foreigners will keep buying USTs until the US Taxpayer is tapped out.
    And with an annual GDP of some $18T and $20T of direct debt and over $100T in assumed liabilities going forward 20 years that time may or may not be close at hand.
    Corporate America's "K" street will insure that foreign investors are repaid before the REALLY big creditors get theirs...Social Security and Medicare.

  • Reply to

    Started A Small Position Just Under 7.00

    by stockman5206 Jan 24, 2016 9:27 AM
    hot_hipps hot_hipps Feb 17, 2016 1:40 AM Flag

    Buy the least you have a shot at getting all your money back. And ya know what the coupon is and it won't change. USAA controls the NAV, and the pay out, and takes a cut to boot....they always win. Buy the bonds, not the fund.

  • Reply to

    And what can ( not will) Yellen do?

    by sweetliberty17761776 Feb 9, 2016 10:30 AM
    hot_hipps hot_hipps Feb 9, 2016 4:41 PM Flag

    You mean you don't like paying for your neighbors medical care?...or groceries?...or mortgage?
    You must have missed the national vote on socialized medical care!
    Oh ya, that's right...there wasn't one.

  • hot_hipps by hot_hipps Dec 27, 2015 7:45 PM Flag

    Can one of you Rocket Scientist Wall Street types tell me when the privately held Federal Reserve Bank is going to stop reinvesting the proceeds of it's (really???) maturing long end securities back into the long end?
    Is it beginning to look like maybe stopping is not part of the plan?

  • Reply to

    Why will bonds yields rise on rate hike?

    by cdfmg Nov 10, 2015 9:52 AM
    hot_hipps hot_hipps Nov 17, 2015 2:01 AM Flag

    "but has little control over long-term rates"......remind me just one more time. What percentage of the long end is the fed buying? And who was it that bought up all of the Fanny and Freddy garbage?
    And who is it that's rolling all of that garbage over into the long end when it comes due?
    And remember the "secret buyer" in the EU buying the long end? Gee, I wonder who that was?
    The long end IS what the Fed is trying to control! And so far doing a damn good job of it.

  • hot_hipps by hot_hipps Nov 13, 2015 1:35 AM Flag

    Is this mess called the "dollar" going to end in an orderly fashion or a dis-orderly fashion?
    Is our wonderful Black president, his girl friend Val, and their lapdog Lew going to give the rich White Boys a going away gift? I am referring to a surprise currency devaluation...ala Zedillo 1994. It wouldn't surprise me a bit. The ultimate payback by a vindictive bitter rejected president. Prtobably not, but something HAS to give.

  • hot_hipps hot_hipps Oct 23, 2015 7:59 AM Flag

    What is "ridiculous" is the mere fact that we even need a law to keep from overspending.
    You MUST be a Wallstreet type Bob.
    What we NEED is an end to fractional banking, the fed, unbacked currency and FDIC insurance.
    Just maybe that would force people to live within their means.

  • I happened to be at a jobsite of an under construction multi-story government building yesterday outside of Seattle.
    The site foreman said that the company he works for principally builds government funded structures.
    He told me that there is no more construction labor out there to hire. They are all at work. He said that everybody is working and getting raises fist over teakettle. He said that the company he works for just keeps bidding on the flood of new government building. And winning inflated awards.
    EVEN the site foreman, who is benefiting enormously and wouldn't know a FED from a US Treasury, told me that we are spending ourselves into oblivion.
    Two hours later a Money Management firm salesman cold called me and told me that all of these "fools" going to cash or gold couldn't see a booming economy if they tried.
    I think WE are screwed!

  • Reply to

    Serious replies only please!

    by longfossilfuels Sep 4, 2015 9:32 PM
    hot_hipps hot_hipps Sep 5, 2015 1:14 AM Flag

    You must be young. 50 years ago we were the best educated country on the planet. The greatest generation put man on the moon. And then the boomers started having kids. And those kids let the US fall from the best educated country on the plant to the 26th best educated country on the planet today. All the while European and Russian kids were digging themselves out of from under the disaster of WWII scrambling to get ahead. Look at the research Journals from Russia, China, even the middle east. Our brain boys are having their ars's handed to them on a platter. Hell, we're so far behind now that we had to implement the H-1B visa program just to keep up. If you are really bullish on America then you would make good salesman material. At this point, that's about all we have left in this country.

  • Reply to

    OBAMA to FINISH OFF coal companies!

    by edblue1003 Aug 5, 2015 10:03 AM
    hot_hipps hot_hipps Aug 5, 2015 10:18 AM Flag

    In view of the amount of wealth this black massiah has destroyed and the wealthy people he has come after, what is very hard to believe is that someone hasn't tried to "FINISH OFF" the massiah. But maybe that is why every black person in the White house has SS protection. Just for grins, remind me just one more time. What percentage of this democracy is black. What's that? 13% you say. I see.

  • Reply to

    2016 election

    by historyrepeats45 Mar 12, 2015 11:17 AM
    hot_hipps hot_hipps Mar 12, 2015 12:09 PM Flag

    Does that really surprise you? The GOP isn't going to pull back on the spending, they just want to control where the spending goes. Instead of dumping billions into the social safety network, they will pump it into the industrial complex. Pick your poison, one way or the other (either party), the mean standard of living is on it's way down in this country. The last 7 years have simply been a tap dance to see who is going to take the hit.

  • Reply to

    SEC should investigated for insider information..

    by ronsontyler Feb 26, 2015 11:15 AM
    hot_hipps hot_hipps Feb 27, 2015 12:43 PM Flag

    What??? Are you guys nuts?
    Haven't you watched the guys that formed this fund since they formed it?
    Don't you remember the NAV debacle?
    The rat pack of lawyers and financiers that formed this fund are in bed with the SEC. They're college buddies for Christ sake.
    The question should be....Is it any wonder that Main street has nothing but disdain for Wallstreet?

  • Reply to

    Hard to believe...

    by hot_hipps Jan 26, 2015 4:40 AM
    hot_hipps hot_hipps Jan 26, 2015 1:10 PM Flag

    "don't forget", if you're a young blacky, only 13% of the population is black.

  • hot_hipps by hot_hipps Jan 26, 2015 4:40 AM Flag

    It took Robinhood and his merry EPA band exactly 4 years to run BTU from $73 to $6.
    It looks like this guy REALLY hates capitalism and the concept of majority rule. Particularly when the majority are the old white guys that lived it and breathed it and built it.
    If the last 6 years hasn't been the King Kong of reparations then you haven't been watchin'.
    Obama needs to stop spending money on the safety net, the treasury needs to stop printing bonds, the fed needs to stop buying those bonds, we need to chase the private "central bank" out of dodge, and a large number of US citizens need their standard of living lowered significantly, ie under the bus. Stop with the monetary arm twisting of the economy already. Let prices and wages take care of the economic swings just as it was before the "boys" had their Jekyll Island legislative powwow. This mess is out of control.

  • hot_hipps hot_hipps Jan 14, 2015 10:40 AM Flag

    A 140 years ago bank stockholders were liable for bank losses, the currency was backed by gold, and wages/prices dealt with economic downturns. Monetary policy did not. In other words, no federal reserve bank.
    And first earned dollar which still hangs on my wall would purchase better than 20 Hershy bars or 4 gallons of gasoline in 1952 or 10 McDonalds hamburgers as late as the mid '60s.
    Four years ago the Whitehouse indicated that they were going to trash the dollar to save the economy. Remember?
    Deflation my ars!
    Don't characterize it as inflation, call it what it is....outright theft.
    You sound like a Wallstreet salesman.

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