tag:blogger.com,1999:blog-18675105.post1878042300618756895..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: MARKET MELTDOWN SPECIAL OPEN THREAD - What, if anything, can stop the stock markets from crashing further?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger136125tag:blogger.com,1999:blog-18675105.post-79363404563896826602008-10-11T17:26:00.000+01:002008-10-11T17:26:00.000+01:00Never a borrower or a lender be.- BennyNever a borrower or a lender be.<BR/>- BennyHoneygo Beasleyhttps://www.blogger.com/profile/12661798503907128831noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-42789038828479911692008-10-11T17:25:00.000+01:002008-10-11T17:25:00.000+01:00Note to Nick - At least the F*cked Savers didn't h...Note to Nick - At least the F*cked Savers didn't have to mow the lawn or buy a new roof. And got a free health spa/clubhouse/pool to hang out at!Honeygo Beasleyhttps://www.blogger.com/profile/12661798503907128831noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-71005909203669201422008-10-10T23:07:00.000+01:002008-10-10T23:07:00.000+01:00Mamoth said:"So, the question of the moment is now...Mamoth said:"So, the question of the moment is now – What to do with this nice lump?<BR/>Buy more Gold?<BR/>Convert it into cash and stash it away?"<BR/><BR/><BR/>Better stash it all away to pay that 40% early withdrawl, and other fees.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-80369127137260730772008-10-10T20:04:00.000+01:002008-10-10T20:04:00.000+01:00too bad you never learned farm/feild processing an...too bad you never learned farm/feild processing and oast drying of crops and fibers...should have planted pot....... now you starve...................Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-41175925896659799282008-10-10T20:01:00.000+01:002008-10-10T20:01:00.000+01:00all brown fiber grains need to find their way into...all brown fiber grains need to find their way into the kitchen very soon including rag weeds.............process into food stuff................Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-71870434598413530992008-10-10T19:38:00.000+01:002008-10-10T19:38:00.000+01:00"...you stayed in the market in 1929, it would tak...<I>"...you stayed in the market in 1929, it would take until 1952 just to break even..."</I><BR/><BR/>In <I>nominal</I> dollars yes, but in real(inflation-adjusted) dollars <A HREF="http://i38.tinypic.com/spbx37.jpg" REL="nofollow">it took till 1987</A>.<BR/><BR/>Fifty-eight years.<BR/><BR/>And now, a contrarian analysis:<BR/><BR/><I>"...This weekend Georgia is playing Tenn...<BR/><BR/>...Some depression!"</I>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32059378154964271422008-10-10T19:34:00.000+01:002008-10-10T19:34:00.000+01:00paid a buck plus for an orange yesterday without r...paid a buck plus for an orange yesterday without realizing it...10 years back it was 20 for a dollarAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-47779498774053395362008-10-10T19:28:00.000+01:002008-10-10T19:28:00.000+01:00DID I HEAR RUSSIA HAS GUARANTEED ICelands deposits...DID I HEAR RUSSIA HAS GUARANTEED ICelands deposits.... in roubles?.. one shot fired...er my savior has come??????????????Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-48253205229636357312008-10-10T19:24:00.000+01:002008-10-10T19:24:00.000+01:00A restructering of our entire system here is requi...A restructering of our entire system here is required, but like an oil tanker that requires 15miles before it can actually stop, restructering our system here can only occur once the rot has worked its way out - which takes time.<BR/><BR/>By next year, we have more rot in the housing market that must work its way out in the form of Alt-A, Prime and Jumbo loans - subprime will no longer be the issue here, since these loans went to many highly paid professionals - who also gambled and lost.<BR/><BR/>Here in HB Ca., and other coastal cities (Seal Beach, Belmont Shore, Newport Beach, Laguna, etc...), we're going to see some losses in housing like we've never seen before by next year.<BR/><BR/>We have a long way to go folks with the freefall in the markets and housing - it's just the natural order of things at this point.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-89833374966319038942008-10-10T18:59:00.000+01:002008-10-10T18:59:00.000+01:00"keith:I could argue both ways."on patrick.net the..."<I>keith:I could argue both ways.</I>"<BR/><BR/>on patrick.net there was an article that noted that when folks defaulted on debt, the savings created from that debt also has to go puff.<BR/><BR/>So unless you know how to create more debt, there won't be more savings.<BR/><BR/>i.e. the corporations laughed all the way to the bank as 401k'ers threw money at them.<BR/><BR/>I'm not sure what the next ponzi scheme will be. Probably fewer jobs, higher prices and lower salaries.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-21454598192117570122008-10-10T18:58:00.000+01:002008-10-10T18:58:00.000+01:00And oh, what a weekend it will be. And then around...<I>And oh, what a weekend it will be. And then around the corner, in mid-October, just days away, comes...<BR/><BR/>hold for it...<BR/><BR/>Monday</I><BR/><BR/><BR/>Which is Columbus Day and all banks are closed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-62359426380793419152008-10-10T18:57:00.000+01:002008-10-10T18:57:00.000+01:00We're witnessing another neocon-planned 'emergency...We're witnessing another neocon-planned 'emergency' event.<BR/><BR/>This one is a controlled demolition of the stock market.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65451985765550013872008-10-10T18:56:00.001+01:002008-10-10T18:56:00.001+01:00Oct. 10 (Bloomberg) -- Italian Prime Minister Silv...Oct. 10 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ``rewrite the rules of international finance.'' <BR/><BR/>``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ``can't just be for one country, or even just for Europe, but global.''Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20826402285422684052008-10-10T18:56:00.000+01:002008-10-10T18:56:00.000+01:00DOW now down 600 points, below 8000 AGAIN. Apparen...DOW now down 600 points, below 8000 AGAIN. Apparently this morning was just a preview of things to come.<BR/><BR/>Also of note, markets are down 7.0%. Will it hit the 10% level?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-73860876523225859762008-10-10T18:54:00.001+01:002008-10-10T18:54:00.001+01:00It is always in October, isn't it? I thought that ...It is always in October, isn't it? I thought that it would happen last year. But I never expected this much of a fall.Lost Causehttps://www.blogger.com/profile/18396272153746076615noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-87242622242330289832008-10-10T18:54:00.000+01:002008-10-10T18:54:00.000+01:00"Destroy an nation's economy, and you've destroyed..."<I>Destroy an nation's economy, and you've destroyed its ability to influence the rest of the world</I>"<BR/><BR/>I think our education system failed first; Our teachers still think they're at the center of the universe intellectually and it's time to modernize our system!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39655238571234159022008-10-10T18:49:00.000+01:002008-10-10T18:49:00.000+01:00Eco-millionaires see boom times ahead:http://www.r...Eco-millionaires see boom times ahead:<BR/>http://www.reuters.com/article/inDepthNews/idUSSHI06327720070820?feedType=RSS&feedName=inDepthNews&rpc=22&sp=true<BR/><BR/><BR/>I saved this article from a while back.<BR/>Seems like if I had a clue, I would invest in this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-13387311317466447102008-10-10T18:43:00.000+01:002008-10-10T18:43:00.000+01:00People, please protect yourselves. Buy some gold,...People, please protect yourselves. Buy some gold, buy some extra food, keep some money (1 to 2 months worth) close to home. Do not listen anymore to the whores on Wall Street.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38548918672329141452008-10-10T18:41:00.000+01:002008-10-10T18:41:00.000+01:00"But Bob Toll says there is pent up demand for hou..."But Bob Toll says there is pent up demand for houses. Fucking idiot. The stories I could tell as a former employee of TBI for over 10 years"<BR/><BR/><BR/><BR/>DO TELL!!! When are they going BK?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49000457488343925612008-10-10T18:33:00.000+01:002008-10-10T18:33:00.000+01:00Keith,Can you open a thread on Gold Price Manipula...Keith,<BR/>Can you open a thread on Gold Price Manipulation?<BR/>Gold down $59.60 (1:32pm est 10/10)<BR/>I've spent the afternoon reading about it...and it's really scary and worth talking about.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-28870841099709591082008-10-10T18:30:00.000+01:002008-10-10T18:30:00.000+01:00So many companies are trading right now like we're...So many companies are trading right now like we're going back to the stone age. Like there will be 50% unemployment and world wars. Like capitalism is dead.<BR/><BR/>I can't believe what I'm seeing. When Manias, Panics and Crashes described the selling of assets at greater and greater losses and the rush to cash, he was describing this week.<BR/><BR/>It's stunning to watch.<BR/><BR/>This is panic. Pure, unchecked panic.<BR/>-----------<BR/>Why are you surprise? You called it, you knew it was coming!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-72042288173958993452008-10-10T18:25:00.000+01:002008-10-10T18:25:00.000+01:00look at the headline on drudge - clos the markets!...look at the headline on drudge - clos the markets!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24562254309168347682008-10-10T18:23:00.000+01:002008-10-10T18:23:00.000+01:00So many companies are trading right now like we're...So many companies are trading right now like we're going back to the stone age. Like there will be 50% unemployment and world wars. Like capitalism is dead.<BR/><BR/>I can't believe what I'm seeing. When Manias, Panics and Crashes described the selling of assets at greater and greater losses and the rush to cash, he was describing this week.<BR/><BR/>It's stunning to watch.<BR/><BR/>This is panic. Pure, unchecked panic.bloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91680807566478563582008-10-10T18:16:00.000+01:002008-10-10T18:16:00.000+01:00And man, watching the dow is like watching an acti...And man, watching the dow is like watching an action thriller<BR/><BR/>will we see under 8,000 again today? Or will we get the 3pm PPT bounce?<BR/><BR/>And oh, what a weekend it will be. And then around the corner, in mid-October, just days away, comes...<BR/><BR/>hold for it...<BR/><BR/><BR/>Mondaybloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35266795283379610282008-10-10T18:15:00.000+01:002008-10-10T18:15:00.000+01:00What should we end up calling this week in market ...What should we end up calling this week in market history?<BR/><BR/>HELL WEEK<BR/><BR/>Any other names to consider?Anonymousnoreply@blogger.com