September 30, 2006
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
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9 comments:
Looks about right to me.
I still can't believe that dimwit Lereah used the word "plateau", just like that dimwit back in 1929.
Motley Fool has an interesting take on the recent Harvard report on housing:
http://tinyurl.com/g5899
Instead of reading Keith's pritating of other blogs, read the real thing:
http://tinyurl.com/l27xh
hEY BORKA...WHERE YOU AT?
Mish's blog is fully credited in this post - it linked right to him
If that's not clear, let me make it clear - I LOVE MISH'S BLOG
cheers
A lot of news coming out about mortgage fraud. Actually its the standard lending practices of the last few years that is now finally being called mortgage fraud by the FBI.
+++++++++++++++++++++++
Yep. Put on your helmets and look out below!
There is a really insightful -- and scary -- article about the imploding housing bubble on Barron's this week. The article's title is:
Florida's Housing Hurricane
by Mike Morgan.
"MIKE MORGAN is a real-estate broker in Stuart, Fla., and owner of Morgan Florida, which offers residential, commercial and investment real-estate services and research."
"The hurricane is upon us -- and it is too late to put up hurricane shutters or get out of the way."
hEY BORKA...WHERE YOU AT?
-----------------------------------
He's cleaning a toilet somewhere.
if it's a conspiracy, it's a conspiracy of greed and stupidity.
all the different players have their own little reason to purpetuate and deny the existance of the bubble.
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