tag:blogger.com,1999:blog-18675105.post7542623950099817297..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: URGENT FLASH: Nautilus Capital issues panicked "liquidate your inventory now" recommendation. Systemic mortgage meltdown now firmly underwaybloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-18675105.post-43728342474172823102007-07-20T16:21:00.000+01:002007-07-20T16:21:00.000+01:00You know why modern architecture is so gawd awful,...You know why modern architecture is so gawd awful, with all these sheets of featureless glass? Because in 1929, so many rich execs opened their windows and jumped out. So rather than change the economic system and levers of power, they took away their ability to open their own windows and smear themselves all over the pavement.<BR/><BR/>King of the Bitter RentersAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-17197771861557855092007-07-20T06:15:00.000+01:002007-07-20T06:15:00.000+01:00since these turkeys have played so many games with...since these turkeys have played so many games with the mortgages etc......i would think that the owners of these homes could legally wiggle out of the contract.......this is case law of course...<BR/><BR/>just ask them to show you the original signed contract for the house you live in and then you will be more than happy to leave the premises.....until that time, you will not leave......<BR/><BR/>that should throw a monkey wrench in the proceedings.......because these assholes never have the original contract and almost always they never can produce the original contract.......and since so many people have been brought into this situation due to this financial dog and poney show called derivatives......well....who then is the holder in due course of the instrument? the judge would be scratching his head if the home owner asked that question in a show cause hearing.....<BR/><BR/>5 would get you 10, the home owner would not have to give up the house nor would he have to make payments......but the title would be clouded and probably never cleared up but maybe not....<BR/><BR/>if i was behind on my payments i would tell them to go fish......what do you have to lose?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-28434671306685824132007-07-20T03:04:00.000+01:002007-07-20T03:04:00.000+01:00Thw DOW is made up of 30 companies out of thousand...Thw DOW is made up of 30 companies out of thousands. When one of those companies performs poorly, they are yanked out of the DOW and replaced with a healthier one. Anyone who thinks those 30 companies represent the economy is stupid.<BR/><BR/>I will stay with foreign equities, as they will outperform the slumping debt-riddled US economy. There is no need to worry though, as the college educated baby boomers are being replaced with tens of millions of illiterate illegal immigrants. That should give our economy the boost it needs to compete with Asia and Europe this century.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55346313444898393602007-07-20T01:20:00.000+01:002007-07-20T01:20:00.000+01:00OK, I gotcha, steeliekid.OK, I gotcha, steeliekid.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-84683294157518909542007-07-20T00:33:00.000+01:002007-07-20T00:33:00.000+01:00"Stock prices have reached what looks like a perma..."Stock prices have reached what looks like a permanent high plateau... I expect to see the stock market a good deal higher than it is today within a few months" Irving Fisher, Professor of Economics, Yale University, Oct 15, 1929<BR/><BR/>"The markets generally are now in a healthy condition... values have a sound basis in the general prosperity of our country" Charles E. Mitchell, president of the National City Bank, October 15, 1929 <BR/><BR/>The more things change, the more they stay the same!!<BR/><BR/>Hows it go again? Ipod phones are selling like hotcakes and the dow just hit $14k, and lets not forget the immortal unemployment is 4.5%, the economy's booming.<BR/><BR/>I sure wish this anon bozo had put his name to this, still when he takes a dive out the office window he can tell us all on the way down "So far so good".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-41663661758694305322007-07-19T21:52:00.000+01:002007-07-19T21:52:00.000+01:00Dr mel said... Oh that is not looking good...wait ...Dr mel said... <BR/>Oh that is not looking good...wait - The Dow is soaring, and the economy is growing. Never mind all is well. <BR/><BR/>July 19, 2007 5:32 PM <BR/>===================================================<BR/><BR/>The private equity bubble is bigger than the housing bubble. And it's still inflating, hence the rising DOW.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-46363904805965433902007-07-19T21:36:00.000+01:002007-07-19T21:36:00.000+01:00Hmm....when life gives you lemons make lemonade......Hmm....when life gives you lemons make lemonade...right? However, this looks like a big giant stinking pile of crap...what make a crap sandwich? <BR/><BR/>I am waiting for the RE trolls to put a spin on this, it is amazing how many people are clueless or choose just not to believe or research this. I will be prepared, however the way this is shaping up I am not sure that investing in gold is the answer...it is getting spooky and maybe a case of bullets and an escape route is the best plan with the way it is looking. We are just starting, this will be one of the biggest history making events of our life time I would assume.Unknownhttps://www.blogger.com/profile/01161426670107699230noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15289450853220290602007-07-19T21:30:00.000+01:002007-07-19T21:30:00.000+01:00@ Andy in SD, Lever that 2% drop 10 to 15X and te...@ Andy in SD, Lever that 2% drop 10 to 15X and tell me that ain't a big hit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12747338569105806222007-07-19T20:07:00.000+01:002007-07-19T20:07:00.000+01:00"There will be a ripple effect of forcing funds to..."There will be a ripple effect of forcing funds to rebalance their portfolios by selling things in a market where there just aren't many buyers. Eventually there will be demand again for securities backed by subprime loans, because the higher-rated bonds in the subprime class are still decent investments. But that won't happen until everybody takes a bath first." - Guy Cecala, publisher of industry newsletter Inside Mortgage Finance (Forbes, July 18th)gregorywhttps://www.blogger.com/profile/13900940292043774887noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75725514896274608282007-07-19T20:04:00.000+01:002007-07-19T20:04:00.000+01:00Oh that is not looking good...wait - The Dow is so...Oh that is not looking good...wait - The Dow is soaring, and the economy is growing. Never mind all is well.<BR/><BR/>----------<BR/><BR/>All is well in the land of induced methamphetamine use..but here in the real world sir...we are sinking like the Lusitania..and the Life boats are going down with the ship.<BR/><BR/>Those who think this Economy is thriving are the ones who are going to burn first...and from the looks of things...gold will not save you in this down turn.Billhttps://www.blogger.com/profile/06623291271325261181noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82726439274541735102007-07-19T19:22:00.000+01:002007-07-19T19:22:00.000+01:00Dr mel said... Oh that is not looking good...wait ...Dr mel said... <BR/>Oh that is not looking good...wait - The Dow is soaring, and the economy is growing. Never mind all is well. <BR/><BR/>July 19, 2007 5:32 PM<BR/>-------<BR/>Dr Mel I concur, just as in all previous economic downturns the stack exchanges are the last one's to "price in" the fact that the economy is tanking. This usually has the affect of exacerbating the impact of the market correction because suddenly everybody runs for the doors and the result is an overshoot of the correction when the market crashes. Everybody is on vacation and doing other things. The market is continuing to soar on this light trading that is blind to the billions of dollars evaporating in the CDO/MBS hedgefund world. When everyone comes back in the fall and needs to come up w/ cash to cover their margins, they will liquidate that which is liquid (stocks) and we'll have another stock market crash that will suddenly be the big news that no one saw coming. Not because they could not see it, but because the chose not to see it, i.e. willful blindness.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-852156809305023272007-07-19T19:00:00.000+01:002007-07-19T19:00:00.000+01:0019291929Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44111530944925246702007-07-19T18:48:00.000+01:002007-07-19T18:48:00.000+01:00Keith,Not a related item, but I just saw that Wal-...Keith,<BR/><BR/>Not a related item, but I just saw that Wal-Mart has 70 stores in China. Does that mean that the Chinese are buying our cheap American-made crap?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-30244110182777290012007-07-19T18:44:00.000+01:002007-07-19T18:44:00.000+01:00Let's just say I'm glad I'm not holding any loans ...Let's just say I'm glad I'm not holding any loans for sale. I can imagine all of these smallish banks secondary marketing officers just sitting there pale as their bids get countered left and right...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53060461621133953702007-07-19T18:41:00.000+01:002007-07-19T18:41:00.000+01:00The words are scary, but the chart shows a change ...The words are scary, but the chart shows a change of 2%...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-52912746686071340342007-07-19T18:32:00.000+01:002007-07-19T18:32:00.000+01:00Oh that is not looking good...wait - The Dow is so...Oh that is not looking good...wait - The Dow is soaring, and the economy is growing. Never mind all is well.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33298513549331981722007-07-19T18:25:00.000+01:002007-07-19T18:25:00.000+01:00Someone call it - he's deadSomeone call it - he's deadAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65684068573503775832007-07-19T18:16:00.000+01:002007-07-19T18:16:00.000+01:00This could be the start of something big. Time te...This could be the start of something big. Time teaches many lessons. But unfortunatly it kills all of it's students.Anonymousnoreply@blogger.com