tag:blogger.com,1999:blog-18675105.post17595321759229286..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: If you want perma-doom and gloom, go find another blog. We're in the PANIC stage now HP'ers. And as all of you should know, eventually comes hope.bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger68125tag:blogger.com,1999:blog-18675105.post-22355847742136235742008-10-12T19:26:00.000+01:002008-10-12T19:26:00.000+01:00Keith,You need to be awarded the nobel Prize for i...Keith,<BR/><BR/>You need to be awarded the nobel Prize for investigative journalism or providing a platform where people could get a fair assessment of the market.<BR/><BR/>For all your hard work and earnest focus on proselytizing the truth, it would be great if you could compile and journal with timelines and content from your archives and have it published.<BR/><BR/>Waiting for it to be on the NYT best seller<BR/><BR/>All the bestAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-79553183459639871162008-10-12T06:33:00.000+01:002008-10-12T06:33:00.000+01:00I would say "fear" is more appropriate. People ar...I would say "fear" is more appropriate. People are confused still. I hear them say stocks are historically cheap and maybe it's time to buy. We haven't been burned badly enough yet. Dow 4000 they'll wake up. That's a freaking panic.gregorywhttps://www.blogger.com/profile/13900940292043774887noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-45832175208349102292008-10-11T19:33:00.000+01:002008-10-11T19:33:00.000+01:00Don't get overly optimistic Keith. Panic came a l...Don't get overly optimistic Keith. Panic came a little sooner than I thought, but we still have to get through capitulation before we get to the "point of maximum financial opportunity."<BR/><BR/>I maintain my April 2009 call for across the board bottoms.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-69389704685549655012008-10-11T17:41:00.000+01:002008-10-11T17:41:00.000+01:00Jan 20th is the day America ceases to be America. ...Jan 20th is the day America ceases to be America. Welcome to the USSA comrades.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-88451901488328968852008-10-11T17:09:00.000+01:002008-10-11T17:09:00.000+01:00How can there be 'panic' when the average Jane and...How can there be 'panic' when the average Jane and Joe sixpack don't have a CLUE what the hell is really going on nor how it will affect them down the road?<BR/>The only people in 'panic' are the wealthy that are pulling their chips...<BR/>I guess we have to look at 'financial panic' and then...the social-political panic that will definitely come after.<BR/><BR/>Capitulation...not yet and it will happen when 1) the "elections" are canceled and 2) martial law is forcing us to do what the dear leader wants us to do...OBEY.<BR/><BR/>Glenn Beck spilled the beans this past week when he stated that we're headed towards a 'one world currency' and then the 'new world order'. Look at what the idiot Berlusconi stated...they want to shut down the markets and RE-WRITE the financial rules.<BR/><BR/>DEBT=SLAVERY and that is the bottom line. The bankers have the governments and now they are coming after the assets...ergo, the HUMAN assets.<BR/><BR/>I don't know about you, but this is not going to play out like previous situations. This is MUCH bigger and it has been ENGINEERED to happen.<BR/><BR/>Controlled chaos....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33192569040939027782008-10-11T16:55:00.000+01:002008-10-11T16:55:00.000+01:00The end is near? You've got to be kidding.The end ...The end is near? You've got to be kidding.<BR/>The end has just begun and the end, means THE END.<BR/>There will be no fast recovery when the US gorges on $Trillions of debt.<BR/>Unless the global leaders have a grand plan to erase zeroes off their simultaneously deflating currencies.<BR/><BR/>Bush orders FNM FRE to gorge on $40Billion *per month* of toxic debt:<BR/>Separate from the $700B package.<BR/><BR/>The end, the final end has begun.<BR/><BR/>http://tinyurl.com/4nh4c9Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61459911242654425582008-10-11T16:30:00.000+01:002008-10-11T16:30:00.000+01:00Anonymous said... "How long between Panic and Hope...Anonymous said... <BR/>"How long between Panic and Hope?"<BR/><BR/>per google maps its 1,108 mi – about 17 hours 6 mins driving to get from Panic, PA to Hope, AR<BR/><BR/>October 11, 2008 4:38 AM<BR/>__________________________<BR/><BR/>Are we there yet? Are we there yet?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6034280498479171812008-10-11T16:28:00.000+01:002008-10-11T16:28:00.000+01:00Dude you are hilarious....Just like Rome eventuall...Dude you are hilarious....<BR/><BR/>Just like Rome eventually rose back to its former glory....<BR/><BR/>Yeah that chart rules eternity for ever and ever.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-3920156290149992532008-10-11T15:44:00.000+01:002008-10-11T15:44:00.000+01:00America is Dead.Fuck Americans.America is Dead.<BR/><BR/>Fuck Americans.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-27110295502933072492008-10-11T13:16:00.000+01:002008-10-11T13:16:00.000+01:00We will probably go through hell and rebuild but u...We will probably go through hell and rebuild but unless we raise the kids to understand that cooperation is better than competition, that materialism is a fool's game and that capitalism is evil it will just happen again.<BR/>---------------<BR/>I agree wholeheartedly but I'm having a really tough time showing my kids the way to cooperation as I, myself, was brainwashed into competition.<BR/><BR/>I think future generations will only practice it when forced into it for survival reasons.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-68160290380704783662008-10-11T11:59:00.000+01:002008-10-11T11:59:00.000+01:00I said cash does not mean US dollars - cash is yen...I said cash does not mean US dollars - cash is yen, cash is gold, cash is euros, etc<BR/><BR/>It's good to be diversified, and always will be<BR/><BR/>That said, I was pleasantly surprised by the short term rush to dollars. My pint of beer just dropped 20%.<BR/><BR/>The dollar will continue to have wild swings, and I'm fearful of a total collapse. Don't let short term moves fool you.<BR/><BR/>But damn it's nice to have a rally - finally, after three years of pain for us US expats.<BR/><BR/>Meanwhile, think about the europeans - their currency is tanking, while their markets tank at the same time. Worst of both worlds. And for the Icelanders, they're going to be dumpster diving soon. Why? Because they weren't currency diversified.bloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-80908552549443593132008-10-11T11:51:00.000+01:002008-10-11T11:51:00.000+01:00Hey Keith,Remember you said CASH WAS KING (NOT US ...Hey Keith,<BR/><BR/>Remember you said CASH WAS KING (NOT US DOLLARS). Well you shouldn't have qualified it that way. US Dollars are doing the best right now in this flight to quality mode we're in. I know the US dollar will get hammered later but you have to admit, you didn't expect this type of rally in the US Dollar, did you? Did you? Did you?<BR/><BR/>-MikeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-62977654036153612602008-10-11T08:35:00.000+01:002008-10-11T08:35:00.000+01:00ca·pit·u·la·tion n.1. The act of surrendering or g...ca·pit·u·la·tion <BR/>n.<BR/>1. The act of surrendering or giving up. See Synonyms at surrender.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5695988384102395422008-10-11T05:56:00.000+01:002008-10-11T05:56:00.000+01:00PANIC??? I havent seen it yet. I have seen it on T...PANIC??? I havent seen it yet. I have seen it on TV but nowhere in my real life dealings! People are still trying to buy their 300,000 buck shacks thinking tomorrow will be another day. They are still sticking to their 401Ks thinking everything is ok!<BR/><BR/>The Hubris of the US is going to bring us down. NOBODY I talk to in my real life thinks there is a problem. They think the US will never collapse. They think we will be on the top forever. Im sure the Romans thought that too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-469709433061870642008-10-11T05:55:00.000+01:002008-10-11T05:55:00.000+01:00Premature Panic, Keith.Where are the "get me out o...Premature Panic, Keith.<BR/><BR/>Where are the "get me out of this property at any price" panic sales.<BR/><BR/>One should also see great deals on luxury cars, boats and airplanes.<BR/><BR/>Everyone that thought they'd be the wise one to buy at the bottom will either have no access to credit, or without a job or equity portfolio they will have no capital to pull the trigger - which will put more pressure on panic selling.<BR/><BR/>Fear is just getting comfortable in its seat.Davidhttps://www.blogger.com/profile/14073090925170972148noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-79565087510908596172008-10-11T05:29:00.000+01:002008-10-11T05:29:00.000+01:00Way to stay ahead of the curve! I think you will ...Way to stay ahead of the curve! I think you will be proven right, yet again. It is going to suck eggs for a while between now and hope, but at least in the mean time, we won't have to listen to acquisitive yuppies telling us we should buy more houses because they're not making any more land.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-62409701380134073042008-10-11T05:25:00.000+01:002008-10-11T05:25:00.000+01:00Keith - for the record for a long time I doubted y...Keith - for the record for a long time I doubted you. I figured there was a bubble, but it wasnt a big deal - for the record, I was wrong and you were right.<BR/><BR/>Also, its nice to see you willing to change your mood when times dictate. There is no doubt what stage we are in now. Perma bears will be angry, call you a traitor - whatever. They are now as wrong as I was years ago.<BR/><BR/>Finally, mad props to you on one thing you saw which to my knowledge no one else saw -CASH IS KING<BR/><BR/>http://money.cnn.com/2008/10/10/news/dollar.deleveraging.fortune/index.htm?postversion=2008101014<BR/><BR/>Even more amazingly, look who you outflanked on the strenghth of the dollar. Bubble head Peter Shiff!!! For all his correct views, even he missed the dollar play that you nailed. <BR/><BR/>YOU OUTDREW SHIFF DUDE - YOU NAILED IT!!!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-45357669792291608842008-10-11T05:06:00.000+01:002008-10-11T05:06:00.000+01:00Then you get Obama, the man of choice for the REIC...Then you get Obama, the man of choice for the REIC. The man whose career started under CRA, the same government mandate that forced the banks to make loans on houses in locations of high risk without adequate down payment; the man whose top adviser (James Johnson) was previously CEO of Fannie and managing director of Lehman Brothers. Some change all right, for the worse! Just like the freshman Senator McCain was two decades ago, neck deep in the ponzi scam S&L industry . . . Both men have interesting bios, but have been recruited and thoroughly vetted by the ponzi scammers and the biggest welfare queens (bankers in central banking system).<BR/><BR/>The only reason I'm moving cash into the stock market is because of the eminent mega inflation turning "cash is king" to "cash is trash" . . . no, stocks and houses are not going to be more valuable in real terms . . . but hey, one can only have so much ammo, canned food and precious metal; the rest of the money has to go somewhere before it is only fit for wall papering.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20377857991333718502008-10-11T04:55:00.000+01:002008-10-11T04:55:00.000+01:00I couldn't agree with you more...The differences b...I couldn't agree with you more...<BR/><BR/>The differences between today and the Great Depression are many and sundry: <BR/><BR/>The Dow Jones industrial average is down more than one-third from its high a year ago. The stock market lost 89% of its value from its peak during the Great Depression. During the most recent bear market, from March 2000 to October 2002, the market lost about 50%. Same for 1973-1974 and two other times since 1937.<BR/><BR/>With stocks down 36%, we are closer to a bottom than a top. Most, if not all, of the bear damage may have already been done.<BR/><BR/>*One big difference is that during the Great Depression, there was no deposit insurance, causing a huge run on banks (watch out for bank runs England-deposit insurance there is a paltry $4,000). As customers withdrew their money, you had banks failing right and left. About 7,000 and 8,000 failed between 1929 and 1932. Today, 13 have collapsed, with 117 on the government’s watch list. Yes today’s banks are much bigger than the banks of the ’30s–but so far, absent Washington Mutual and Wachovia, the big banks have not toppled. And these two banks are being taken over by bigger players.<BR/><BR/>Industrial production dropped by 45% during the Great Depression. So far it is down 1.5% this year, led by the downturn in the automotive sector. US manufacturing remains in a recession, however.<BR/><BR/>*Gary Becker, a Nobel prize-winning professor of economics at the University of Chicago, notes in a Wall Street Journal editorial that although we are in the most severe financial crisis since the Great Depression of the 1930s, this is a far smaller crisis, especially in terms of the effects on output and employment.<BR/><BR/>*Becker adds too that the crisis that kills capitalism has been said to happen during every major recession and financial crisis ever since Karl Marx prophesied the collapse of capitalism in the middle of the 19th century. He says he is confident that sizable world economic growth will resume before very long under a mainly capitalist world economy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40580665580861733402008-10-11T04:38:00.001+01:002008-10-11T04:38:00.001+01:00The problem is that all the major candidates want ...The problem is that all the major candidates want to do is turn back the clock to 2005.J at IHB and HFFhttps://www.blogger.com/profile/02454951293182876692noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-87862431904503061812008-10-11T04:38:00.000+01:002008-10-11T04:38:00.000+01:00"How long between Panic and Hope?"per google maps ..."How long between Panic and Hope?"<BR/><BR/>per google maps its 1,108 mi – about 17 hours 6 mins driving to get from Panic, PA to Hope, ARAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-64583149504152757862008-10-11T04:36:00.000+01:002008-10-11T04:36:00.000+01:00"How long between Panic and Hope?"How many licks t..."How long between Panic and Hope?<BR/>"<BR/><BR/>How many licks to get to the middle of a Tootsie roll pop?<BR/><BR/>Same number of years to get to Hope.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-51854104323972659372008-10-11T03:33:00.000+01:002008-10-11T03:33:00.000+01:00Your true measure of PANIC is when the ALT-A loans...Your true measure of PANIC is when the ALT-A loans start recasting in the billions next year.<BR/><BR/>PANIC for the most part is happening at Wall Street, not at Main Street.<BR/><BR/>Main Street knows that something is going on and Main Street knows that they should be worry, but for the most part Main Street is in denial.<BR/><BR/>http://www.bloomberg.com/apps/<BR/>quote?ticker=.TEDSP:IND<BR/><BR/>With the TED SPREAD at 4.64% today<BR/>Joe6Pack still has no clue what that means.<BR/><BR/>For the most part Joe6Pack still has no knowledge of what is about to take place.<BR/><BR/>Yes the market is tanking, but Joe6Pack doesn't play the market.<BR/><BR/>The housing market is Joe6Pack real measure, and as long as Joe6Pack thinks his house for 10 years is still worth allot more then what he paid then Joe6Pack will not understand all of the fuss. <BR/><BR/>Joe6Pack does know that the homes in the bad location brought by sub-prime loans have gone down allot, but his house is in a good location.<BR/><BR/>Even today Joe6Pack will not understand that the company he works for has just gotten their credit cut, and his company will have to burn their cash reserve to ride through this Credit Crisis.<BR/><BR/>Joe6Pack is a productive worker so that means that Joe6Pack co-workers might lose their jobs and they won't be able to pay their bills.<BR/><BR/>Joe6Pack will have no understands that the bad loans that were created were made in phases with the ALT-A loans to be the next phase of bad loans to defaults.<BR/><BR/>Six months from now Joe6Pack will not understand why his former co-workers are trying to sell their homes which they lived in for at least 10 years at such a low price since their houses is right next to his.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-28775575856592574682008-10-11T03:32:00.000+01:002008-10-11T03:32:00.000+01:00.If Obama's the Answer,What the Hell was the Quest....<BR/><BR/><BR/><BR/>If Obama's the Answer,<BR/><BR/><BR/><BR/>What the Hell was the Question?<BR/><BR/><BR/><BR/>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59172104661057623242008-10-11T03:16:00.000+01:002008-10-11T03:16:00.000+01:00I am totally shitting bricks right now.I am knee d...I am totally shitting bricks right now.I am knee deep in debt and they cut my credit off.What is a guy to do?Anonymousnoreply@blogger.com