tag:blogger.com,1999:blog-18675105.post5192889424475269746..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Moved your assets out of US Dollar holdings yet? Better hurry. Saudis and China in dollar panic, watch the dominos now fall...bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger73125tag:blogger.com,1999:blog-18675105.post-35441884565461210122007-09-23T03:05:00.000+01:002007-09-23T03:05:00.000+01:00Currency EFTs, using more than one brokerage accou...Currency EFTs, using more than one brokerage account, is a good idea because SIPC protects about $500K in active securities (not simply raw cash) per account. Normal cash, USDs in savings/CDs is a waste, for the most part.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58046904267312661122007-09-22T20:14:00.000+01:002007-09-22T20:14:00.000+01:00I'm buying FXF (Swiss Franc Trust) instead having ...I'm buying FXF (Swiss Franc Trust) instead having money in bank.<BR/>I was sooo stupid saving money! I should just max all my credit cards.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38817885108314263842007-09-22T19:18:00.000+01:002007-09-22T19:18:00.000+01:00Anybody in the Merck Hard Currency Fund (MERKX)?Ye...<I>Anybody in the Merck Hard Currency Fund (MERKX)?</I><BR/><BR/>Yes, also DXDDX which is a 2.5X dollar bear. Don't fight the fed. They are going to devalue your dollars, so take advantage of the situation. Unfortunately, leverage is needed to maintain a gain. If your dollar devalues by 50%, and your MERK fund doubles, you may have saved yourself, but you still need to pay taxes on the doubling of dollars when you cash out. Government is evil. And as another said, I will dump my gold and silver in the ocean before I give it to them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86093239014670879152007-09-22T00:25:00.000+01:002007-09-22T00:25:00.000+01:00http://tinyurl.com/93na6Mogombo's Current Editoria...http://tinyurl.com/93na6<BR/><BR/>Mogombo's Current Editorial and Archives;<BR/><BR/>Agree with him or not, good reads.FlyingMonkeyWarriorhttps://www.blogger.com/profile/01770643973751363527noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15758968277806637462007-09-21T23:36:00.000+01:002007-09-21T23:36:00.000+01:00Food is at the base of Maslow's hierarchy of needs...Food is at the base of Maslow's hierarchy of needs.<BR/><BR/>Does anyone know of a good mutual fund that invests in international food production, processing, and distribution?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-11831241929157028342007-09-21T22:23:00.000+01:002007-09-21T22:23:00.000+01:00Anybody in the Merck Hard Currency Fund (MERKX)?I ...<I>Anybody in the Merck Hard Currency Fund (MERKX)?</I><BR/><BR/>I am. My mining and energy funds are doing better (I think a lot of MERKX's gains are from their initial gold purchase).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35882305156297426172007-09-21T06:58:00.000+01:002007-09-21T06:58:00.000+01:00I would like to see 10 year debt go up to 12 perce...I would like to see 10 year debt go up to 12 percent...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49757861569694598642007-09-21T06:55:00.000+01:002007-09-21T06:55:00.000+01:00What are some names of European or Swiss banks wit...What are some names of European or Swiss banks with branches in the U.S.?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33637992823908610942007-09-21T06:53:00.000+01:002007-09-21T06:53:00.000+01:00saw a glimse of china today in the survivor tv sho...saw a glimse of china today in the survivor tv show and was surprised at the wealth that was shown, is it posible that china did what the rich and wealthy and smart did and hid the wealth? I was woried that with the one child policy and the abortioning of female children that 400,000,000 men would be without brides and that internal form of stability...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24060109563481280782007-09-21T06:36:00.000+01:002007-09-21T06:36:00.000+01:00bark, bark, bark, bark bark.....amazing what techn...bark, bark, bark, bark bark.....amazing what technology will do????????////Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32267063432819902242007-09-21T05:02:00.000+01:002007-09-21T05:02:00.000+01:00westparker,good thinking, you will make a good min...westparker,<BR/>good thinking, you will make a good minion dancing in the flames, while you poke the less "thoughtful" souls in the ribcage, with a pitchfork.<BR/><BR/>Was in a battle the other day. <BR/>I was blindsided by this vicious lost soul.<BR/>he put me in quite a forceful and powerful full nelson.<BR/>I became a rag doll, a mere puppet to his every move.<BR/>He moved, I flailed. Didn't matter which way he moved, I followed. <BR/>I had no choice. He was in the superior position.<BR/>As I relaxed my posture to the souls increasingly violent thrusts, he relaxed his grip just a bit.<BR/><BR/>Guess that poor soul is better off.<BR/><BR/>I used a reverse technique that worked beautifully.<BR/>He never saw it coming.<BR/><BR/>As I tightened my grip, applying a full nelson, (same stranglehold he had performed on me), I broke his neck and walked away.<BR/><BR/>I bought an ice cream cone.<BR/><BR/>Mint chocolate chip I think.<BR/><BR/>Gets pretty hot where I'm from<BR/><BR/>Lesson?<BR/><BR/>Things can change in an instant. <BR/><BR/>I would not have been able to do what I did, if he had not done what he did.<BR/><BR/>westparker;<BR/>Looking forward to seeing you soon, dancing and prodding...<BR/>Bring sunscreen!!!<BR/><BR/>Ha, Ha, Ha!!<BR/><BR/>Wait, What is this <BR/>"Mo Gumbo Soup" Guy I keep reading about here?<BR/><BR/>Sounds like he would make a wonderful minion! <BR/><BR/>Is he worth a visit?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66913258022918445632007-09-21T03:11:00.000+01:002007-09-21T03:11:00.000+01:00Anybody in the Merck Hard Currency Fund (MERKX)?Anybody in the Merck Hard Currency Fund (MERKX)?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-63998926436511090342007-09-21T03:07:00.000+01:002007-09-21T03:07:00.000+01:00In Wiemar 1923 it was possible to purchase an enti...<I>In Wiemar 1923 it was possible to purchase an entire city block of prime commercial real estate in downtown Berlin for as little as 25 oz of gold ($500 US dollars).</I><BR/><BR/>Just be sure you would have sold it before 1933!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-16020454517033572942007-09-21T01:47:00.000+01:002007-09-21T01:47:00.000+01:00You guys who put your money into Everbank are nuts...You guys who put your money into Everbank are nuts. First of all, they charge a ridiculous fee for putting it in and getting it out. Second, their interest rates are terrible.<BR/><BR/>If you want your money in CHF, put it into a Swiss Bank. If you want it in Euro, put it into a European bank. You don't have to fly to Europe to do it, many banks have Internet banking and some even have branches in the USA.<BR/><BR/>Bottom line, if you want to be protected, put your money into a European bank, get the differential on the currency plus collect 4% interest.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40435462588275595082007-09-21T01:31:00.000+01:002007-09-21T01:31:00.000+01:00On the lying US government re: inflation:Canadian ...On the lying US government re: inflation:<BR/><BR/>Canadian Inflation, 2002-2007, 2.3%<BR/>Canadian Dollar, 2002, 62 cents<BR/>Canadian Dollar, 2007, 1 dollar<BR/>10% yearly appreciation vs. USD<BR/><BR/>Euro inflation, 2002-2007, 2.1%<BR/>Euro, 2002, 85 cents<BR/>Euro, 2004, $1.40<BR/>10% yearly appreciation vs. USD<BR/><BR/>UK Inflation, 2002-2007, 1.9%<BR/>Pound, 2002, $1.50<BR/>Pound, 2007, $2.01<BR/>6% yearly appreciation vs. USD<BR/><BR/>So a low estimate based on these three currencies has us at 8%, high estimate inflation at 12%.<BR/><BR/>3.2% US Inflation?<BR/>The greatest lie ever told.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6436606634631992552007-09-21T00:34:00.000+01:002007-09-21T00:34:00.000+01:00Someone please help me understand why a devaluatio...<I>Someone please help me understand why a devaluation of currency is not a good thing for the housing market.</I><BR/><BR/>It is, in the long run. As the paper currency loses purchasing power tangible assets will hold their value.<BR/><BR/>However in the short run, an expectation of inflation will cause long-dated debt (like mortgages) to demand higher interest rates, thus lowering purchasing power of potential home buyers. You can already see the yield on the long bond rise.<BR/><BR/>I am hoping for another outcome entirely. I'm hoping that <B>actual</B> inflation stays relatively low, but <B>perceptions</B> of possible inflation go back up, so that one can finally get a decent real return on longer-maturity debt. It's been too low (relative to short-term rates) for far too long, in effect all inflation risk had been priced out of it. I'd like to see 10-year debt go back up to 6-7%.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35496552129841076022007-09-21T00:26:00.000+01:002007-09-21T00:26:00.000+01:00Ok, HPers consider this:US banks and financial com...Ok, HPers consider this:<BR/>US banks and financial companies sold and unloaded risky mortgage loans in the form of CDOs for the past several years, To Banks, financial companies and Hedge funds all across the EU.<BR/>I would say Europe is stuck holding a large portion of the bag.<BR/><BR/>Still thinking of holding or buying Euros?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-45121249539852204852007-09-20T22:48:00.000+01:002007-09-20T22:48:00.000+01:00"when do you think the Vancouver real estate marke..."when do you think the Vancouver real estate market will bottom out?"<BR/><BR/>It'll just level out, perhaps a 5-10% haircut, when all else falters, including Seattle, a couple hours south of the border. <BR/><BR/>Here's why, Vancouver has a unique identity as the warmest international city in Canada and it's on the Pacific coast. It's effectively, the home to all the business investors who'd gotten their green card by parking their cash in Canadian CDs but doing little else for the country, like starting a business and hiring people.<BR/><BR/>In essence, it's a Canadian version of Monaco (if that analogy even makes sense). So where Calgary is experiencing an Albert oil patch bubble (like Houston in 1979-80) and Toronto, a condo mania like a Boston or Chicago, Vancouver's not being swayed by a normal RE market because its locus is the most unique among ex-pat, Canadian PR holders. So if a RE bubble collapses, it'll be out on Vancouver Island on the suburbs of Victoria, which went up during the bubble years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-782174711326441552007-09-20T22:31:00.000+01:002007-09-20T22:31:00.000+01:00My CD term is up in Nov and I've got $15,000. I ca...<I>My CD term is up in Nov and I've got $15,000. I can't manage stocks or anything else as I'm busy building my IT consulting clientele.<BR/><BR/>Is Everbank a solid option. Maybe %50Euros/%50Francs?</I><BR/><BR/>ETFAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5029666403216390932007-09-20T22:30:00.000+01:002007-09-20T22:30:00.000+01:00Like I said many times here before: Americans are ...Like I said many times here before: Americans are bitches of the Chinese and Saudis. Bush loves to walk holding hands with the Saudis at the WH's garden. How romantic. Don't forget his brother Neil, who's a lobbyist for Chinese interests in Washington. How convenient.<BR/><BR/>You voters are a bunch of geniuses!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-48530227208197273942007-09-20T21:38:00.000+01:002007-09-20T21:38:00.000+01:00Greenspan gets 100,000 for a speaking engagement. ...Greenspan gets 100,000 for a speaking engagement. He was asked a year ago if he wanted to be paid in USD or Euros, he shocked everyone saying he wanted to be paid in GOLD!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54597588692390059862007-09-20T21:22:00.000+01:002007-09-20T21:22:00.000+01:00In Wiemar 1923it was possible to purchase an entir...In Wiemar 1923<BR/>it was possible to purchase an entire city block of prime commercial real estate in downtown Berlin for as little as 25 oz of gold ($500 US dollars). The key was to have real money in the form of gold or silver, or currency backed by those metals."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-46028191715712795792007-09-20T20:45:00.000+01:002007-09-20T20:45:00.000+01:00Ron Paul on the attack. Glad I donated twice to hi...Ron Paul on the attack. Glad I donated twice to his campaign. He appears to be the only one who understands the problem.<BR/><BR/>http://www.youtube.com/watch?v=AeHWW5gbc0wAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-79479895528595547742007-09-20T20:11:00.000+01:002007-09-20T20:11:00.000+01:00Someone please help me understand why a devaluatio...Someone please help me understand why a devaluation of currency is not a good thing for the housing market. Isn't this devaluation the same thing that made a $50k house in 1950 worth $500k today, making the house a store of value? What am I missing?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-81565849205892748782007-09-20T20:08:00.000+01:002007-09-20T20:08:00.000+01:00"I am suprised they are sellin Greenspams book in ..."I am suprised they are sellin Greenspams book in US Dollars"<BR/><BR/>US 15.99<BR/>CAN 15.99Anonymousnoreply@blogger.com