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People's United Financial Inc. Message Board

hot_hipps 8 posts  |  Last Activity: Feb 27, 2015 12:43 PM Member since: Aug 11, 2010
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  • 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.

  • 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 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.

  • 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?

  • hot_hipps hot_hipps Dec 29, 2014 10:34 AM Flag

    Watch...When this mess is all said and done, maybe 5,10,12 years from now or maybe sooner, the massive pile of IRAs and vested retirement funds will be holding the bulk of the garbage which is now on the FED balance sheet. The "more intelligent" ALREADY realize that bonds are not such a good investment. That is precisely why the less intelligent are going to ultimately end up holding them BEFORE rates rise. The more intelligent don't want to give up the value in their dollars so less intelligent are going to be hoodwinked into giving up their retirements to pay the debt. Don't think so? Just give it time. The next GOP administration will couch the "sale" as stability and safety for retirees. Just watch.

  • hot_hipps hot_hipps Dec 24, 2014 1:04 PM Flag

    The "Era of Financial Engineering" will never end.
    The boomers entered their heavy consumption years and we got a huge inflationary spike. The early 80's.
    Throughout what should have been their biggest earning years they sustained flat to declining real wages.
    And as the boomers exit their spending years we got this huge deflationary spike.
    Seven years ago corporate America, and home owning Americas were up to their eyeballs in debt but the taxpayer wasn't in bad shape. About $800b.
    Today corporate America is flush with cash and significantly reduced debt, homeowners have lowered their standard of living to accommodate their debt loads... but the taxpayer, well he now has multiple trillions of dollars of debt.
    Since the FED's inflation solution isn't working so well, the only source from which to get the debt paid back now Is either by stealing some value out of the dollar or going after the biggest single consolidated pile of money in the US. The boomers retirements.
    The Financial Engineering is just beginning and the boomers are going to be the target of those engineers once again.
    The biggest transfer of wealth in the history of mankind only looks like it has occurred. In reality it hasn't even begun yet.

  • Reply to

    Hot GDP 5% and Yields still falling ?!?

    by creekbubbler Dec 31, 2014 12:57 AM
    hot_hipps hot_hipps Jan 3, 2015 10:55 PM Flag

    "bond market is telling us"
    If it is true that the Fed is buying better than 90% of the long end then the bond market isn't telling us a thing. The Fed is telling us that they intend to keep pouring fuel on the fire because inflation is their only way out.

  • Reply to

    Hot GDP 5% and Yields still falling ?!?

    by creekbubbler Dec 31, 2014 12:57 AM
    hot_hipps hot_hipps Jan 5, 2015 9:36 PM Flag

    I don't owe any money. I wouldn't mind a real healthy does of deflation.

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