BUBBLE TALK: Newest thread to talk about the bubble

June 17, 2006

BUBBLE TALK: Newest thread to talk about the bubble

Ah, nothing like a good housing bubble discussion to get your day started

242 comments:

«Oldest ‹Older 201 – 242 of 242

Anonymous said...: What about this?

www.spp.gov

Is there a new currency on the horizon called the "Amero"?; June 13, 2006 1:57 PM
Anonymous said...: Here is more on the "Amero".

http://www.humaneventsonline.com/article.php?id=15233

I need more gold.; June 13, 2006 3:25 PM
Anonymous said...: Is there a 2010 coincidence? I read that the estate tax is zero in 2010. Now this from the previous link:

"The Task Force’s central recommendation is the establishment by 2010 of a North American economic and security community, the boundaries of which would be defined by a common external tariff and an outer security perimeter."; June 13, 2006 3:32 PM
The Thinker said...: Gold?; June 13, 2006 5:53 PM
Anonymous said...: Dear Goldbugs,
Today, gold has fallen to $568 ... from a high of $720 just a few weeks ago. It is falling faster than a Miami Condo!

A fool and his money soon part.; June 13, 2006 6:03 PM
Anonymous said...: http://finance.yahoo.com/q/bc?t=3m&s=GLD&l=on&z=m&q=l&c=slv%2Ccef

Can someone explain why PMs are tanking so badly? Oil is still high, hurricane season is here, terrorists are still trying very hard, the markets are down worldwide.

This may be a good buying opportunity or may be a step to a better buying opportunity. In the long run I think the US and world economies are taking a tumble and PMs will be a safe haven, but I am no expert on economies.; June 13, 2006 7:20 PM
Anonymous said...: Gold is tanking because world wide stock markets are tanking and the hedge funds unload their secondary investments in the much much smaller commodity markets to cover their (asses) losses.

It may also be falling due to the beginnings of widespread defaltion - but I think this premise has a long way to go before becoming true. As long as oil stays up, the price of everything we eat buy or make stays up (i.e. inflation).; June 14, 2006 12:49 AM
Anonymous said...: Greenspan & co orchestrated this housing bubble to enslave the average idiot into working to pay debts and become nothing more than a common day slave. Once this ponzi scheme blows, the dollar will be removed and the "Amero" will take place. I'm not a subscriber to these wacky stories, but the SPP scares the hell out of me. I wonder if the gov't is just setting us up to be slaves and so indebted that no one will be able to stand up for our national soverignty.; June 14, 2006 1:15 AM
Clay said...: Somebody was listening to G. Gordon Liddy this morning I see. The spp shinto freaks me out to. I mean they are saying people will just be able to cross the border. Funk, every Mexican in Mexico will be invading every part of the U.S. It won't be safe to stay here. I may need to move to like Iraq or something?; June 14, 2006 2:39 AM
Anonymous said...: I think they missed the best name for the new fiat currency to be used in the Americas serfdom.

Canada - C
America - Amer
Mexico - o

Combined - Camero

Maybe they want us to be competitive with the aisians so they will make us all low wage serfs, highly in deby to the company. Sort of like the way they did coal miners back when. Kept them in debt to the company store so they had to work.

Anybody notice that Haaaaarvaard story is still on the Yahoo home page? I bet the NAR is paying for the article to be run in that spot. Anybody have any idea how to comfirm / debunk that?; June 14, 2006 12:18 PM
Anonymous said...: I believe gold's present fall is a basically "finance-level" deflation; gold had just been bid up like any other asset, and when liquidity reduced, the price "bubble" that had been created popped.

A true monetary deflation in gold would require direct central bank action. I don't think central banks will do this because it will massively hurt most people, a-la the Great Depression. Perhaps even worse--now people are more debt-laden, so monetary deflation would absolutely crush them by making their debts larger.; June 14, 2006 1:10 PM
Anonymous said...: Will You Survive The Coming Financial Crash?

http://tinyurl.com/hqtqv

This white Paper was writen in 2005.
I found it in my computer data whilst looking for something else. Forgot I even had it. So here it is.; June 14, 2006 6:40 PM
Anonymous said...: Anecdotal story

Buyers file suit against builder
They say Barrington Homes walked off with $2 million, but did not build homes in Apopka

http://tinyurl.com/frjkg; June 14, 2006 6:53 PM
Anonymous said...: "bubblesitterrenteretc said...
Anecdotal story

Buyers file suit against builder
They say Barrington Homes walked off with $2 million, but did not build homes in Apopka"

You will see more and more of this as small homebuilders collapse from overextension. Only the liars....excuse me, LAWYERS ever win. Both sides pay them! Homebuyers will have to realize WHEN and IF its time to walk away.; June 14, 2006 7:41 PM
Anonymous said...: The entire 20th century slowly removed our freedoms, convincing us we need to be taken care of, that government must save us from ourselves.

We've resisted being completely controlled through our inbred capitalistic tendencies.

What's the best way to kill that spirit? Destroy our wealth through the creation and subsequent popping of the largest bubble that's ever existed.

These existing bubbles are ALL BY DESIGN with the explicit intention of stealing wealth while simultaneously destroying the masses' will. The goal is for masses to accept a more complete socialistic government.

Yes, there are very powerful people who desire more power. They sit and plan all day how they might gain more power. Some plans are successful, some aren't. The outcome of this one is still up for grabs, but it's not looking good for us.

If your knee-jerk response to this line of thinking is "conspiracy", think about this:
- when playing poker with your buddies... do they lie, bluff, plan tactically and use deceit to take that $5 pot on your kitchen table?

Of course they do. So ask yourself why you believe everthing the government and the Fed tells you.

By the way, they will LOSE this war if enough of us WAKE UP.; June 14, 2006 9:21 PM
Anonymous said...: Why so much hostility towards those ideas? Why are you having such an emotional reaction to them?

Because they challenge some deep-seated core beliefs that were installed in us at a very young age.

I realize it's tough to wake up from this media-induced slumber. Painful even.

I'll repeat:
-If your poker buddies are lying and bluffing and actively planning tactics to coerce that $5 pot into their pocket....

Why do you think it's any different when the pot is measured in billions and trillions?

What if you had control over interest rates and policy and income taxes, etc. Would you be a saint and do everything to save the little guy? Maybe you would. But what about the bully we all remember from grade school? If he had control.. would he be a saint? Or would he actively plan and strategize ways to take more and more? Trillions of dollars at stake. Unlimited power and money available to those who can figure out how to control the masses.

Your buddies will work so hard to figure out how to win that $5 pot. You really think this doesn't go on at much higher levels with much more sophistication?

Wake up.; June 15, 2006 1:30 AM
Anonymous said...: this morning, I called the coin shop where I usually buy gold and silver. I asked Jim if he's got any 100oz silver bars. he got none. I asked if he's got any silver, he had none.. only some random coinage. Someone is swooping silver.; June 15, 2006 2:01 AM
Anonymous said...: only some random coinage. Someone is swooping silver.

Every bubble need suckers. Smart money cannot operate without them. Fortunately, there are lot of clueless speculators from the dotcom and RE bubble days happy to invest in gold and silver.; June 15, 2006 3:27 AM
Anonymous said...: Pay attention, people.

Anon 9:21:37 PM has it right.; June 15, 2006 5:42 AM
Anonymous said...: After staying in a 2BR/2BA condo on the beach in Destin, Florida last July, I immediately made up my mind I wanted one of them. I wanted it for vacation rental property and to have to enjoy later when I retire.

As I began to do research on condo prices, quarterly dues, insurance, etc. I realized that even assuming very successful rentals (I have one rental property - a cabin on a river in the north Georgia mountains that is cash flow positive after 2 years), there would still be a $1000 - $1200 per month shortfall. I could conclude nothing else but that these condos were way overpriced.

I began tracking the MLS for 2 and 3 bedroom units in this particular complex at the beginning of January of 2006. At the beginning of the year, there were 13 units listed. Now there are 36 units. Since January, four units have sold. Between January and early May, none of the units listed had dropped in price. In the last 6 weeks, 5 units have have been reduced in price (one of the units reduced twice). The drops range between $9100 and $40,000 (or between 2% and 8%).

I'm as giddy as a school girl - I can't wait for the big slide. This is only the beginning of the bubble bust. When I can pick up one of those January 2006 $500,000 condos for $$250,000 to $300,000 I'll be smiling all the way to the bank.; June 15, 2006 12:12 PM
Anonymous said...: Did you know that Fannie Mae narrowly avoided being de-listed from the NYSE recently, thanks to the SEC's intervention? To me this is serious red-flags territory.

Currently there is a battle going on in the halls of government, at the highest levels, over the fate of Fannie and Freddie, and therefore the entire housing sector:

http://www.marketwatch.com/News/Story/Story.aspx?guid={792316C6-D57A-4A5D-8735-A1942DB007B7}&siteid=myyahoo&dist=myyahoo

And of course, disturbingly, the housing sector has become the linchpin of the entire economy.; June 15, 2006 10:00 PM
Anonymous said...: I am sorry to see Chris Cox taking such a wimpy stand at the SEC. He did a good job hammering Loral (run by a NY crook at the time) when they gave China the fix for their ICBM woes.

I guess public office is for hire more than ever. That is a real shame. I suppose that oath of office is just a formality to some of these people. What do they think about when they look in the mirror in the morning getting ready to go to work for the taxpayers.; June 16, 2006 1:56 PM
Anonymous said...: Does someone smarter than me (like most of you folks) have a guess why the amount of money being sent out of the US to relatives in other countries is declining vs 4th qtr 2005? Is the foriegn aid US Gov't money or private money? My initial take was a slowing in house construction has fewer illegals sending money back home.

Still, at $200M per qtr that is a $800M deficit and a lot of dollars still flowing out there. I am buying gold coins as fast as I can because I believe they will continue to inflate the dollar while raising interest in a attempt to keep selling them.

"The biggest change in the first quarter came in a drop in the amount of money that America sends overseas in the form of foreign aid and payments that families provide to relatives in foreign countries."

http://www.breitbart.com/news/2006/06/16/D8I9C4580.html; June 16, 2006 4:24 PM
Anonymous said...: I found this site with a nice pic of the CANAMEX corridor. Real estate related? Sure. They want us to be third world wage earners which means we will have less $$ (or cameros) for housing.

http://www.nascocorridor.com/; June 16, 2006 7:10 PM
Anonymous said...: With Housing Bubbles, indicators lag. Here in Tampa, 3 builders have gone bankrupt compared to 1 three months ago. Though it is not showing up on the "stats" yet, but it will. It is a rolling ball now.; June 16, 2006 8:31 PM
Anonymous said...: My friend, Tampa will be like a old Midwest "rust town" by this time in 2008.; June 17, 2006 6:01 AM
Anonymous said...: Here is a good article on the economy from Canada's perspective:

Perhaps we're all living in a fool's paradise
Big trouble if U.S. economy falters
Jun. 17, 2006. 09:21 AM
THOMAS WALKOM

Is the party finally over? Since the mid-'90s, the world economy — including Canada's — has surged ahead with few serious interruptions. But now, as stock markets from Toronto to Tokyo take hits and analysts begin to fret publicly about interest rate hikes, there are worrying indications that the good times are at risk.

On the face of it, an economic slump seems implausible. By most markers, Canada is barrelling ahead. Unemployment is at a 32-year low and housing prices are over the moon. Thanks to Chinese demand and the uncertainties spawned by U.S. President George W. Bush's Iraq war, oil prices are near record highs. That's left Alberta wallowing in wealth and pushed the Canadian dollar to a 15-year high. At the same time, fears that this high dollar would seriously damage the Ontario industrial economy haven't been borne out. Indeed, exports of autos and other manufactured goods are still on the rise.

For Ottawa and most provincial governments, the era of high deficits is a dim memory. The main political battles in Canada now — including the almost incomprehensible debate surrounding equalization and the so-called fiscal imbalance — are over who gets to spend Ottawa's gargantuan surplus. Ontario Premier Dalton McGuinty wants a chunk of it. But so does Quebec Premier Jean Charest.

Business owners, too, are feeling flush. With wage increases damped down and labour productivity rising, employees are working more for less. What could be better?

Yet, the foundations of this remarkable Canadian success are anchored in a U.S. economy that, in key areas, remains structurally unsound.

The U.S. is not just Canada's biggest trading partner — it is the market of choice for the world. When Canadian firms sell copper or lead to China, the Chinese transform these commodities into manufactured goods — toasters, televisions, toys — that they, in turn, flog to America.

As long as Americans are willing to buy from anyone, Canada prospers. We sell manufactured good such as autos directly to the U.S. And we sell commodities to other countries that export manufactured goods to the U.S.

But these days, the U.S. economy is unusually vulnerable. In order to finance both the Iraq war and Bush's tax cuts, Washington is running a massive fiscal deficit. As well, America as a whole is running a trade deficit, importing more than it exports. That trade deficit, in turn, is financed by foreigners who invest their capital in the U.S.

Alone, neither deficit might matter. Together, however, they create an underlying sense of unease among the international investors whose capital is needed to square this particular circle.

As long as interest rates and the U.S. dollar stayed stable, investors were satisfied. But the U.S. dollar has been sinking. And now the country's new central banker, Federal Reserve Board chief Ben Bernanke, is indicating that he wants to push up rates to forestall inflation.

That, in turn, means bad news for ordinary Americans. Currently, Americans are in the unusual position of spending more, on average, then they earn. An economist would say they have a negative savings rate. More simply put, they are in debt.

They are in debt to buy houses; they are in debt to buy cars; they are in debt to buy groceries and clothes and geegaws. Even more than Canadians (who save a paltry 1.9 per cent of their disposable income), Americans owe money.

As long as interest rates stayed low, this did not matter. Now that the central bank is talking of raising rates, it does. If Americans suddenly find their loans and mortgages being called in, they won't be able to afford toasters from China and cars from Windsor. If they are forced to default on mortgages they can no longer afford, the big North American real estate bubble will burst, with repercussions for the entire financial system.

This is the fear that runs through the financial world. This is why commodity prices are falling; if the U.S. market is drying up, China does not need as much Canadian copper. This is also why stock markets in New York and Frankfurt, even Toronto, have been wavering.

None of this means the world is necessarily set to go up in smoke. Capitalism is extraordinarily resilient, American capitalism especially so. The industrial world survived the recessions of the '80s and '90s. The so-called Asian financial crisis of 1998 was handled before it spun out of control.

But there is a fundamental imbalance at play here. Eventually, it will have to be resolved.; June 17, 2006 3:17 PM
Anonymous said...: Doesn't sound like a Bubble bursting to you? What planet are you living on?

These areas had been going up 10% MONTHLY. My god man, they are about ready to decline into negative territory. The bubble is about ready to burst. Up 2% down 10% the next. Mercy, let the Market eat the dumb.; June 17, 2006 7:45 PM
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