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Bank Of America Corp (BAC) Financial News - Now It's Time to Be Greedy

Bank Of America Corp (BAC)

Now It's Time to Be Greedy

Quote: The signs are everywhere: unemployment rising, housing inventory increasing, banks are insolvent, and government budgets everywhere are risking exploding out of control. Europe is on the edge, Japan is past the point of no return, and the United States government barely functions anymore. Or so we're told...The question is, if they are right, will we have massive inflation or a deep depression?Which Agony Outcome?For every negative factor listed above, and many more that could be, there is only one of two outcomes: inflation or depression. That's it. The degree to which we suffer will depend on how bad everything really is combined with which steps are taken to mitigate the issues. So we are either going to have a mild depression (or worse a Dark Depression), or we will have mild inflation (or worse Hyper-Inflation). When someone points out how bad things have been, realize that the type of agony outcome is not in question, just the magnitude of that outcome.The agony outcome is determined by one group and one group alone. Many forces attempt to influence these powerful men, but make no mistake, the power is controlled exclusively by the world's central bankers. To alleviate the symptoms of 'economies gone bad,' these bankers decide to either expand money supply or contract it. And, the path they follow will determine which agony we endure. Period.Buy If We Get Fears Of A Depression PanicThe current crisis was ignited in 2008 and the agony outcome chosen was to print more money. Nothing has changed to suggest that they will reverse their solution. In fact, one could argue that recent events have illustrated their resolve. We will experience inflation, and all arguments that describe how bad things are should be used to purely define the magnitude of the inflation we experience. For example, if unemployment were to rise further, then the response will be to print more money. The increased money will temporarily calm ...
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Bank Of America Corp Stock Summary

Bank of America Corporation, through its subsidiaries, provides banking and financial services to individuals, small- and middle-market businesses, corporations, and governments primarily in the United States and internationally. The company?s Deposits segment generates savings accounts, money market savings accounts, certificate of deposits and IRAs, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, reverse mortgages, home equity lines of credit, and home equity loans, as well as property, casualty, life, disability, and credit insurance. The company?s Global Commercial Banking segment provides commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, financing, securities clearing, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The company?s Global Wealth & Investment Management segment offers advisory services, team-based investment advice and guidance, brokerage services, and wealth management solutions, as well as retirement services. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. The company was founded in 1874 and is based in Charlotte, North Carolina.
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