Warren Buffett's Berkshire Hathaway Purchases Newspaper

As I said earlier this month in this blog, Content Publishers are very good investments long term especially those that are selling at deep discounts. Warren Buffett, who already owns The Washington Post,  announced today he is buying publishing company Omaha World-Herald and several other daily and weekly papers in Nebraska and Iowa.

click to read today's Wall Street Journal report

US Debt and Obligations

Gloom and Doom. Sad reality of the numbers.

US debt and obligations are staggering. Prepare for the next decade with these statistics in mind:

US Government Debt: $14 trillion + Freddie & Fannie Mac: $5 trillion.
In addition are mandatory payments for unfunded obligations:
Medicare $23 trillion
Medicaid $ 35 trillion
Social Security $ 8 trillion

click to read Minyanville Part I

click to read Minyanville Part II

29,000 Pages That Will Change America

The Bailout numbers are troubling, but the secrecy and lack of accountability of the central bank (Fed) has ruined all TRUST.

from today's Bloomberg News service: click to read :Secret Fed Loans Gave Banks $13 Billion

"Bloomberg LP, the parent of Bloomberg News, won a court case against the Fed and a group of the biggest U.S. banks called Clearing House Association LLC to force lending details into the open."

"The banks spent $146.3 billion on compensation in 2010..... "

"...the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system"

" On Nov. 26, 2008, then- Bank of America Corp. Chief Executive Officer Kenneth D. Lewis wrote to shareholders that he headed “one of the strongest and most stable major banks in the world.” He didn’t say that his Charlotte, North Carolina-based firm owed the central bank $86 billion that day."

Is Your Mortgage Insurance Company Bankrupt?

PMI Group has filed bankruptcy, will MGIC and Genworth Financial be next?

Real Estate prices continue to fall, foreclosures are rising, and consumers with weak credit can't get approved to buy no matter how attractive homes may be selling for these days.
Consumers who are fortunate enough to get approved for a mortgage will now have one less Mortgage Insurer to choose from after PMI Group's bankruptcy.

Clcik to read Huffington Post report

Does Housing Crisis have Hope?

  ..."of the 55 million mortgages in America, more than 10 million are reasonably likely to default", from NY Times, Nov 2011. click to read :To Fix Housing Crisis, Read the Data

 Real Estate is NOT an attractive investment , REAL ESTATE DATA

Newspaper and Website sells for $110 million

Uncertainty in the marketplace has left investors searching for good long term investments.  I continue to be bullish on Media (content) companies for the long term. A third deal in less than a week was announced this morning as San Diego paper (and it's website) were purchased for $110 million.

click here for LA TIMES report

US Postal Service loses $5.1 billion

from Washington Post:     US Postal Service loses $5.1 billion

ELEVEN ELEVEN ELEVEN

Happy Veteren's Day

TO ALL THE VETERENS FOR GIVING US FREEDOM

Freedom to Love, Work, Worship

11/11/11

I am Bullish on America

Sad Day in Jefferson County

Historically, Municpal Bonds have always been treated as the safest tax free investment in the market.
Aside from United State Treasuries, municipal bonds have been considered the most conservative of investments. 
Muni Bondholders will need to re-evaluate the risk of their portfolio holdings.
http://www.msnbc.msn.com/id/45230948/ns/business-us_business/

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