September 25, 2006

HousingPanic Message to the World: Housing Panic Red Alert! Full Panic Underway in the USA. Brace! Duck and Cover! Full Stop.

26 comments:

Bubba2Friday said...

But, but, but...

Larry Kudlow says on his show on CNBC everyday "This economy is the greatest story never told."

Larry's got a blog too:

http://www.kudlowsmoneypolitics.blogspot.com/

http://www.kudlows
moneypolitics.blogspot.com/

Anonymous said...

panic - what a beautiful word. Oh, how I've been awaiting your arrival

Let's get it on

Casual Observer said...

Kudlow is a MSM spin doctor. However, if your tring to sell your house it helps to have people pumping the market. Use these types of oportunities and lower your selling price and maybe someone will purchase.

keith said...

these are important days, enjoy the ride

Anonymous said...

I've never lived through a really bad recession... I can imagine that garden supply centers might be a good idea to invest in since the "Miracle Garden" will be making a come back!

autofx in Phx said...

Oh, but the stock market went up today, everything will be fine.

* snicker *

Alan P. said...

When foreclosures double, forced auctions lead to massive bank failures, and even that pos kudlow admits there is a problem, that will signal the beginning of the freefall. We are at the top, not the bottom, in spite of what that wookie liareah says.

Anonymous said...

we're in the midst of a systemic failure, yet the sheeple don't realise it yet

Anonymous said...

doesn't it seem like now is the time to get aggressively short?

David in JAX said...

Today is definatly the first day of PANIC. After today, it only gets worse.

Anonymous said...

To understand who he was, you have to go back to another time when the world was powered by the black fuel, people still believed David Lerah, and the deserts sprouted great cities of pipe and steel. Gone now swept away. For reasons long forgotten, two mighty warrior tribes went to war and touched off a blaze which engulfed them all.

Without fuel they were nothing. They built a house of straw. The thundering machines sputtered and stopped. Their leaders talked and talked and talked. But nothing could stem the avalanche. Their world crumbled. The cities exploded. A whirlwind of looting, a firestorm of fear. Men began to feed on men.

On the roads it was a white line nightmare. Only those mobile enough to scavenge, brutal enough to pillage would survive. The gangs took over the highways, ready to wage war for a tank of juice. And in this maelstrom of decay, ordinary men were battered and smashed.

Except for one man armed with an AK-47, and a Honda full of silver. In the roar of an engine, he lost everything and became a shell of a man, a burnt out, desolate man, a man haunted by the demons of his past. A man who wandered out into the wasteland. And it was here in this blighted place that he learned to live again.

joey said...

I don't think its panic time yet. Atleast not where I live but its slowing down a great deal and even realtors are labeling it a buyer's market(southern NH). However, folks are still shopping away, mortgages are still low, and the stock market has been decent this year. We still need a bit more to get this all into a Panic.We also have cheaper gas to give greedy shoppers a little more gas. THe still don't feel negative yet to bring down homes alot.

tabasco jenkins said...

Larry Kudlow did too much coke in the 80's...true story.

Anonymous said...

The real panic has yet to happen. When what is left of the national gaurd is called out to protect Washington from looting, THEN the panic will have started.

Anonymous said...

"Larry Kudlow did too much coke in the 80's...true story."

Hardly a secret, Kudlow has spoken openly about it. I believe him to be a decent man, and though I disagree with his opinions, I believe him to be sincere.

Chris G said...

If you don't go out and buy a house right now, the terrorists have already won.

Anonymous said...

One of the lead stories on WNBC New York - "Housing Bubble Bursts"

I have mentioned on this site before that my friend got fleeced on his house 2 years ago. He and his wife are now placing their house on the market: a $600K houser they intend to list at $700K. My wife and I searched local MLS and found houses bigger and better for $50K LESS than he paid. His asking price is $150K too high.

PANIC.

Anonymous said...

Dipshit on the News said "Prices will drop for the next 6 months".
HAHAHAHAHAHAHAHAHAHAHAHAHAHA!

Anonymous said...

i think that if you wanted to sell a house that is priced above $500k, you're out of luck, regardless where the location is.

Anonymous said...

I just wish the stock prices of FNM, CTX, TOL, LEND, NEW would go the direction their supposed to, down, so my January puts can come in.

Tom DC/VA said...

"I believe him to be a decent man, and though I disagree with his opinions, I believe him to be sincere."

He's sincere about saying anything to make a buck.

Anonymous said...

Larry Kudlow is an idiot! That is exactly what I would expect him to say.

He also believes outsourcing his great for the U.S. and we should never question what is best for business. However, when it comes to the average citizen buying prescription drugs from Canada, he says "NO, NO, NO!" The guy belongs in a straight jacket, yet the neo-cons admire him.

Anonymous said...

Gas prices went down recently and consumer sentiment went up - how predictable. Where housing prices are concerned, we are just slightly past the peak but we are no longer looking up. We are staring down a long slope. The valley is so far off it isn't visible at this point. The speed at which we proceed downhill will vary from time to time and even plateau at times or go up little hilly bumps, but the long awaited drop is here at our doorstep. As a nation, we are not at a panic - yet.

Anonymous said...

we're at the point in the roller coaster when you suspend in air at the crest of the biggest hill and feel a little sick to your stomach.

taliban realtor said...

We are 2 years from financial panic. Many of you will reinvest too soon and become casualties.

Anonymous said...

Larry Kudlow is the biggest Wall Street/supply side shill out there.