Well, maybe not THAT dramatic, but something I think you'll all enjoy. Even if I may have to go into hiding for personal safety afterwards...
Viva le Resistance!
October 02, 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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44 comments:
Keith, dont put yourself up on a pedestal with your "I might have to go into hiding BS!, your really not as important as you percive yourself to be.
All Hail Keith the Main Stream Blogger. The Voice of the Sheeple..Keith AKA Moses.
Anon.....Keith puts himself out there every day attacking the corrupt RE industry and all their shills.....and your value to society is?
Are you:
1) Jealous
2) David Liarreah
3) A troll
4) RE booster/shill
5) Flipper
6) Homeowner who wants to "party on"
7) Alan Greenspan
8) All of the above
Thank you, your response is appreciated and will be kept....anonymous.
if you saw some of the vile, hateful and sometimes threatening mail I get, you might not think that
I fight, along with the other bubble bloggers, with words.
The world is coming to an end! While I can get a 500k mortgage no problem and no questions asked, I will not be able to play online poker anymore (Thanks to the Port Security Bill!!!) because that "gambling" is too dangerous. At least I play within my bankroll in poker, can the "Homeowners" of the past 2 years say the same?
thousands of people either sold their house or didn't buy a house because of the bubble bloggers (hb2, bubblemeter, hp, patrick etc)
that's what I call an impact
I will not be able to play online poker anymore (Thanks to the Port Security Bill!!!)
--------------------------
The House overwhelmingly approved legislation yesterday to provide $7.4 billion in spending on new port security inspectors, nuclear weapons screening and the development of an automated system to pinpoint high-risk cargo
--------------------------
Did you not have your dose of crack this morning.? Port Security and online poker hmm ya i can see the correlation.
Before you run around making cracks at others, perhaps you should read the fine print, and the attached rider to the bill:
http://news.yahoo.com/s/nm/20061002/wr_nm/leisure_partygaming_dc_4
Now, you may apologise, but I doubt you will.
"thousands of people either sold their house or didn't buy a house because of the bubble bloggers (hb2, bubblemeter, hp, patrick etc)"
nothing personal against keith but i do not need some some blogger from engalnd to make me understand there is a problem with the market when my wife and i with a combined income of 250k can only afford a piece of shit house 2 fracking hours from work.
incorrect link, I apologise!
http://news.yahoo.com/s/nm/
20061002/wr_nm/leisure_partygaming_dc_4
Keith, Dont tell me your going to buy gold on wednesday, Because if you are I'm going to sell mine on tuesday. Bwahahaha.
Borka, where you be, my man?
if you saw some of the vile, hateful and sometimes threatening mail I get, you might not think that
Print It !
The hate mail Bag.
I would love to read it.
As far as I can see Blogger info is no worse than, and I Quote: Taking Financial Information from a Janitor. Of which I also do 3 hours a day, Then the rest of the day to myself, while you all sit at your desk jobs 8 long hours a day..wishing your were like keith.
Thanks be to the stock market, I made mine @ 45 and retired.
...Nice!
Richard is a part time janitor.
Go clean a toilet somewhere!
Borka, What- you cant write your own thread now? friggin dork!
Borka, What- you cant write your own thread now? friggin dork!
Here is a thread, I went to Foxwoods Casino for the weekend while you wasted your life the whole 30 seconds on this doom & gloom "Maybe I should write a book" Blog..Ahh the life of a Janitor..dont be jealous Keith you will get there someday when you grow up .
yay! I have a reason to live until wedensday
Wednesday is Chinese stock Market day, killer gains coming from red china for sure.
The Janitor.
Yeah folks I don't quite get it.
If you could not seee this crash coming your head was up your ass.
/ \
|
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We can all breath a sigh of relief,
borkas back......aaahhhhhh!
HP bubble heads read it and weep!
Goldilocks and the Dow
2006-10-02
Chicago Tribune
The next time you hear someone complain about the state of the U.S. economy, you might point out that the Dow Jones industrial average is right on the edge of setting an all-time high.
And this time around, the stock market is reflecting solid underlying growth. It isn't soaring like a helium balloon untethered to reality like it was the last time the Dow reached this lofty level, 6 { years ago.
The Dow closed Thursday at 11,718, just a hair below the all-time record of 11,722. The broader Standard & Poor's 500 stock index has risen 72 percent since hitting its low point four years ago. Even the battered Nasdaq has more than doubled in that time. The healthy state of the stock market means investors have weighed the alternatives and are betting on the ability of U.S. companies to make them money.
If that's not enough to warrant breaking out the bubbly, then point to this: Since the brief 2001 recession, the American economy has created more than 5 million jobs and grown 15 percent in real terms (that is, factoring out the effects of inflation).
Inflation is still running a little on the high side, 3.8 percent a year. But one of the chief drivers of that -- the surging price of energy -- is abating. Oil prices have dropped to about $60 a barrel from more than $78 earlier this year.
The burst of the housing bubble has plenty of people worried, but so far it has not rippled through the economy. Housing starts have dropped about 20 percent. That makes this a medium-size contraction after five scorching years of housing growth and appreciation. That's about the size of the decline in housing starts in 1991 and is nowhere near the 50 percent drop from 1978 to 1982.
The bursting of the housing bubble may be painful to anyone who borrowed to the hilt at the market peak and has to sell at a lower price. But there are signs that the worst of the steep slide in housing may be over. Just a day after it was reported that home prices fell in August, the first monthly decline in 11 years, came news that new home sales posted their biggest gain in five months.
We are enjoying a Goldilocks economy, not too hot and not too cold. American consumers remain remarkably confident about the future and continue to spend money, according to the Conference Board's latest consumer confidence survey. They've been buoyed by the drop in gas prices and believe there are jobs available--not without reason, unemployment remains relatively low at 4.7 percent. They believe their incomes will rise in coming months.
page 2
HP bubble heads read it and weep!
Six years after the dotcom bomb, five years after the worst terrorist attack on U.S. soil, American investors and consumers are showing they're bullish on the future of the U.S. economy.
Gee it is so comforting knowing that i am the popular one..
Goly gee kid's maybe after recess we can all go over keith's house and write his new book.
"How I made the Bubble Pop".
Dude learn ASCII art dumb ass! you need to add more periods.
I'm still working on it.
there you go..but a little on the pathetic side I must say..
if that is the best you can do with ASCII I recomend going back to school...or put down the bong which ever is the easiest.
The latter no doubt.
ta-da!
Dude go back to the original the one with the penis..
after all are using your blow up doll as a model correct?
Buy guns while you can get them.
Sorry borka, I threw your penis out in the garbage and the dog ran off with it.
Please visit this site and vote for "Housing Bust will lead to second depression in 2007"
http://www.twocrowds.com/popular.php
This is a social mood predictor site. Maybe if enough people vote for this one, we can get some attention.
Sorry borka, I threw your penis out in the garbage and the dog ran off with it.
Sweet must have been one big hunk of meat for a dog to chase after it..
maybe I should inform my wife.
Anon 8:16:39 posted the news article,
“Goldilocks and the Dow
2006-10-02
Chicago Tribune”
_________________________
“And this time around, the stock market is reflecting solid underlying growth.”
- This time around, the economy is running on borrowed money and has been for some time. In other words, the economy is sitting on a house of cards.
“The healthy state of the stock market means investors have weighed the alternatives and are betting on the ability of U.S. companies to make them money.”
- Perhaps you are giving investors more credit than they deserve. This may also be construed as investors behaving like sheep, following one another to the slaughter. As housing cools, some savvy investors quit putting their money into houses and began investing in the stock market. After the market basically was going nowhere for the past few years, this recent up tick has caught the attention of the masses, who are now jumping aboard.
------------
“Since the brief 2001 recession, the American economy has created more than 5 million jobs and grown 15 percent in real terms (that is, factoring out the effects of inflation).”
- What percentage of these new jobs are based upon the rip-roaring RE industry, which is now unarguably losing steam and may continue to do so some time? What percentage of these new jobs pays as well as the good-paying manufacturing jobs which have been bled overseas? As the paychecks going to agents, mortgage brokers, home remodelers and new-home construction decrease, where will the money come from that they were pumping back into the economy?
------------
“Inflation is still running a little on the high side, 3.8 percent a year. But one of the chief drivers of that -- the surging price of energy -- is abating.”
- For how long? Pretty much everyone out there believes oil prices are being manipulated to mitigate the damage this may cause (to the ruling party), come this November’s elections. Also, given that the Middle East appears to be inevitably sliding towards yet another war, if and when this occurs there will certainly be additional increases in the cost of oil - a chief driver of inflation.
------------
“The burst of the housing bubble has plenty of people worried, but so far it has not rippled through the economy.”
- The burst has only just begun. Nobody has a crystal ball to show how all this will pan out, but many people who participate on this blog have a pessimistic view of the future, and we are all putting our heads together here to try and figure out what is going to happen, and how best to deal with it.
-Mammoth
I am trying hard to figure out weather I should feel bad for these folks or just call them stupid?
http://tinyurl.com/ne28x
Hey borka?
If you need to inform your so-called wife....i think she already knows!
Ya lackwit!
Due to popular demand, it is requested that all participants keep Ragging on borka!
Highly entertaining!
Due to popular demand, it is requested that all participants keep Ragging on borka!
Highly entertaining!
=-----------------
HAHA! Bring it on.
Ya lackwit! ???
Lackwit!! Is that a redneck term? Ya'll have to excuse me I am not U'sta words like that, and if that is all use got..give it up now before use go home crying to your's mammy.
So called wife..dude dont put Keith down he is a great bitch, and one helluva book writer.
Ouch that was brutal!
Keith, if you ever turn out to be wrong on anything, just hold a press conference and announce that you're checking into rehab...
The vision dims and all that remains are memories. They take me back - back to the place where the black pump sucked guzzolene from the earth and RE investors flipped pre-construction condos for big bucks. And I remember the terrible battle we fought - the day we left that place forever. But, most of all, I remember the courage of a stranger, a road warrior called Keith.
To understand who he was, you must go back to the last days of the old world, when, for reasons long forgotten, two mighty warrior nations went to war and touched off a blaze which engulfed them all.
For without fuel they were nothing. They had built a house of straw. People stopped in the streets and listened: for the first time they heard the sound of silence. Their world crumbled.
And only those mobile enough to scavenge, brutal enough to pillage would survive. At last, the vermin had inherited the earth. And in this maelstrom of decay, ordinary men were battered and crushed.
Men like the Warrior Keith, who in the roar of an engine, lost everything and became a shell of a man. A burnt out, desolate man, a dead man, running from the demons of his past. A man who wandered far away. And it was out here in this blighted place that he learned to live again.
The stock market is up today. Aw shucks, that must mean there is no bubble.
thousands of people either sold their house or didn't buy a house because of the bubble bloggers (hb2, bubblemeter, hp, patrick etc)
that's what I call an impact
-------------------------------------
And hundreds of thousands bought and fueled the bubble further because of collusion, fraud, and deceit in the REIC.
The bloggers didn't create the bubble you dummy. How did you think it would end? The greedy and stupid are gonna have to take their medicine. If the bloggers helped the inevitable along, so much the better.
Widespread decline in housing prices expected
Associated Press
Oct. 3, 2006 11:44 AM
"Some analysts are worried that the slowdown could become so severe that it could drag the entire country into a recession, much as the bursting of the stock market bubble in 2000 led to the 2001 slump."
http://www.azcentral.com/business/articles/1003troubled-housing03-ON.html
It's wednesday, What the fuck is going to happen keith?
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