tag:blogger.com,1999:blog-18675105.post8139461253517210007..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Got some bad news for you everyone. Your US dollars are no longer worth jack sh*tbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger73125tag:blogger.com,1999:blog-18675105.post-82472766180135847332007-09-30T21:58:00.000+01:002007-09-30T21:58:00.000+01:00"Greg Swann now advising his clients (buyers) to m..."Greg Swann now advising his clients (buyers) to make lowball offers on dozens of houses at a time"<BR/><BR/>He's ONLY trying to generate a comission for himself. He got da family ta feed.<BR/><BR/>snicker.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-672185929730566032007-09-30T21:57:00.000+01:002007-09-30T21:57:00.000+01:00"BIG DEAL...THIS JUST MEANS WE EXPORT MORE...IT IS..."BIG DEAL.<BR/>.<BR/>.<BR/>THIS JUST MEANS WE EXPORT MORE.<BR/>.<BR/>.<BR/>IT IS GOOD FOR AMERICA.<BR/>"<BR/><BR/>Hey dumbshit, just what EXACTLY does the US export besides DEBT?<BR/><BR/>Our manufacturing is basically GONE to china, and Inida. <BR/><BR/><BR/>YOU are the the PROVEN EXAMPLE of the DUMBING DOWN OF THE USA.<BR/><BR/>You should be so proud. <BR/><BR/>snicker...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-73515293303722307302007-09-30T19:23:00.000+01:002007-09-30T19:23:00.000+01:00"have any of you noticed that when you open a new ..."have any of you noticed that when you open a new account, the govt now asks lots of personal questions "for your security." <BR/><BR/><BR/>I have. I dont know about government, but Wamu sent me a letter saying they would close down my account if I didnt verify my drivers license number, my home & work phone too. My God, I did that when I opened the account!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5654038337824554382007-09-30T16:21:00.000+01:002007-09-30T16:21:00.000+01:00But that ship has sailed, you may want to think re...But that ship has sailed, you may want to think real hard about ways to play a strengthening dollar over the next few years....<BR/><BR/>-----<BR/><BR/>Agree. Anyone want to speculate when interest rates will go up?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-26024986793308193652007-09-30T14:59:00.000+01:002007-09-30T14:59:00.000+01:00China and India took a crash course from US on how...<I>China and India took a crash course from US on how to industrialize... They can sustain themselves now that they want to sell their goods and services to their own people instead of us.</I><BR/><BR/>They could... except they pay their own people 14 cents an hour. Can't see that population buying a half-trillion a year of consumer goods.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-83188012459018445092007-09-29T18:30:00.000+01:002007-09-29T18:30:00.000+01:00turned off the nat gas in the house and they still...turned off the nat gas in the house and they still get me for 12 bucks a month for service charges, up from 6 buck 2 years back, as i wait for things to turn around.....no inflation here...sarcasm.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-261363512450856032007-09-29T17:59:00.000+01:002007-09-29T17:59:00.000+01:00"Finally, inflation seemed to bring prosperity...P..."Finally, inflation seemed to bring prosperity...People were buying goods as fast as they obtained money; companies rushed to expand plants and turn money into fixed investment. Germany was actually envied for its "prosperity" by many foreigners."<BR/><BR/>http://tinyurl.com/3ctoja<BR/><BR/>A good read on the hazards of deficit spending/inflation with some hints on where people put their money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35528531870945809512007-09-29T15:03:00.000+01:002007-09-29T15:03:00.000+01:00No seriously, where *do* you put your money when y...No seriously, where *do* you put your money when you've been asleep at the wheel and wake up just in time to see the headlights of an oncoming truck?<BR/><BR/>September 28, 2007 10:39 PM<BR/><BR/>----------------------------------<BR/><BR/>Sorry, I was wrong. Silver and<BR/>natural gas, and some mining juniors<BR/>that haven't taken off yet.<BR/><BR/>-MCAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22219098829485196752007-09-29T13:51:00.000+01:002007-09-29T13:51:00.000+01:00Richard Nixon pulls the plug on Bretton Woods syst...Richard Nixon pulls the plug on Bretton Woods system.<BR/><BR/>Well worth watching.<BR/><BR/>http://www.youtube.com/watch?v=iRzr1QU6K1oAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-77601951075393280682007-09-29T07:36:00.000+01:002007-09-29T07:36:00.000+01:00" But that ship has sailed, you may want to think ..." But that ship has sailed, you may want to think real hard about ways to play a strengthening dollar over the next few years...."<BR/><BR/>...and why do you think the dollar would be strengthening? I mean international investors are not exactly lining up to buy more toxic financial product spewing out of Wall Street, nor do we have much of anything of value to sell to the rest of the world to cover our imports (pharma & planes the only exception), hence the huge trade deficit. So again, why exactly do you think the dollar will be strengthening? Please explain.<BR/>=======================<BR/><BR/><B>O.K. You busted me, I'm just a gov't paid troll... The buck is toast; but damn my bosses don't want the major sh!t to hit the fan till after the election.</B>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-89971766583697330142007-09-29T07:35:00.000+01:002007-09-29T07:35:00.000+01:00some clueless Anon said:You bought gold at $400 an...some clueless Anon said:<BR/><BR/><I>You bought gold at $400 and now it is at $750. You sell you pay tax on a 90% gain.<BR/><BR/>I bought a $300K house with $15K down and sold it for $700K. I paid no tax on a 2500% gain.<BR/><BR/>You were saying...<BR/><BR/>September 28, 2007 10:17 PM</I><BR/><BR/>Bzzzzt, but thanks for playing. You've never bought and sold bullion at a coin shop, have you? Take a wild guess how many 1099's are issued by coin shops....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2548161773217795462007-09-29T06:57:00.000+01:002007-09-29T06:57:00.000+01:00Get with it America. The dollar is dead and doesn'...<I>Get with it America. The dollar is dead and doesn't buy jack. Make it a coin and save some trees.</I><BR/><BR/>The US Mint tries mightily, but fails. Americans don't want coin dollars apparently (even though it would save taxpayers some money).<BR/><BR/>I guess people don't want their strippers looking they've dropped a load in their bikinis.TMhttps://www.blogger.com/profile/16972726941993291842noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53542939424456802602007-09-29T06:54:00.000+01:002007-09-29T06:54:00.000+01:00"Don`t worry, it`s gonna go back up"...some poor b...<I>"Don`t worry, it`s gonna go back up"...some poor b@st@rd in the Argentina freefall.</I><BR/><BR/>And it has.TMhttps://www.blogger.com/profile/16972726941993291842noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74592922449758510762007-09-29T05:38:00.000+01:002007-09-29T05:38:00.000+01:00If you check the futures market,you will see that ...If you check the futures market,<BR/>you will see that a buck is now almost worth a bucket of jaksht,<BR/>and that in April it should be worth at least a cup of jaksht.<BR/><BR/>Please be clear on the terms of your future estimates on the usd.<BR/>However, we should all be<BR/>long on jaksht.edd brownehttps://www.blogger.com/profile/08825894326281481673noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35576737852002017792007-09-29T04:53:00.000+01:002007-09-29T04:53:00.000+01:00The best part is that nearly everyone involved in ...The best part is that nearly everyone involved in this ponzi scheme got burned, from the realtrolls to the brokebacks. From the speculators to the CDO investors. From the banks to Wall Street. Only a few who got in and out early made any money. Many of the flippers plowed their profits back into more RE speculation and lost it all back and then some. Now they are begging for a bailout like dogs beg for a bone. Too bad for them the government is broke and incompetent. Lowering the rates will only cause inflation of basic goods and more foreclosures. It will also result in higher interest rates.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-56243600072012680512007-09-29T04:35:00.000+01:002007-09-29T04:35:00.000+01:00No seriously, where *do* you put your money when y...No seriously, where *do* you put your money when you've been asleep at the wheel and wake up just in time to see the headlights of an oncoming truck?<BR/><BR/>September 28, 2007 10:39 PM<BR/>...........<BR/><BR/>The problem is your wage is not increasing with everything around it. That is way things feel more expensive. It's called stagflation. To compund your problem with the truck coming at you, now imagine you just ran out of gas!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5852113833395922382007-09-29T04:30:00.000+01:002007-09-29T04:30:00.000+01:00========You bought gold at $400 and now it is at $...========<BR/><BR/>You bought gold at $400 and now it is at $750. You sell you pay tax on a 90% gain.<BR/>...................<BR/><BR/>You must really be a mush if you think I'm paying TAXES on a gold sale!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-48465371700157355552007-09-29T04:14:00.000+01:002007-09-29T04:14:00.000+01:00September 28, 2007 10:39 PMYou put it in silver. ...September 28, 2007 10:39 PM<BR/><BR/>You put it in silver. Lots of silver.<BR/><BR/>-MCAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75591035870671357342007-09-29T03:04:00.000+01:002007-09-29T03:04:00.000+01:00Anonymous said... At one point in 2002 $1US was wo...Anonymous said... <BR/>At one point in 2002 $1US was worth $1.60 Canuck bucks. Now the two are equal, back to where it was in the 1970s.<BR/><BR/>This stuff is cyclical and the dollar will be strong again some day. Only immature and uneducated investors panic.<BR/><BR/>BTW how is that $800 gold from 1980 doing for y'all?<BR/><BR/>September 28, 2007 7:07 PM<BR/>.............<BR/><BR/>The Fed will keep lowering rates causing the dollar to fall more.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39446262506056899492007-09-29T02:38:00.000+01:002007-09-29T02:38:00.000+01:00CNBC had the typical Wall Street whores saying a t...CNBC had the typical Wall Street whores saying a turn around for the dollar is due. They used the word "mystery" as to when and WHY it would happen, only that it would. Also said European CBs are due to start cutting.<BR/><BR/>DXDDX was up over 2% today. Dollar Bear 2.5X fund. <BR/><BR/>I think Yoski states it better than I can.<BR/><BR/>Reponomics, could you care to give an explanation as to why the dollar might strengthen?? We are dropping our rates while others are raising. Also, we have exported such toxic waste to the rest of the world, that they are getting pretty much fed up with America. Look at the idiots out there around you, do you blame them. We have a much needed ass kicking coming our way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61135496729812874162007-09-29T01:25:00.000+01:002007-09-29T01:25:00.000+01:00To dismiss the decline of the dollar as merely 'cy...To dismiss the decline of the dollar as merely 'cyclical' is to completely misunderstand why the dollar has fallen so much: it is the supply and demand for the USD.<BR/><BR/>It's not just a cycle. It doesn't just go up and come down like the changing of the seasons or the daily rise and fall of the tide.<BR/><BR/>If the Fed continues to flood the market with dollars via low interest rate policy, if the federal government continues to run a huge defecit, if we continue to run a current account defecit buying more foreign goods and services than we sell (uh, oil?) then that increases the supply of dollars.<BR/><BR/>Demand for the dollar decreases as foreign governments begin to diversify into holding other currencies in their reserves.<BR/><BR/>Are you still with me?<BR/><BR/><B>Equilibrium price is the intersection of the supply curve and the demand curve</B>. If the supply curve continues to move up and demand continues to move down, which they are both doing, then the exchange rate on the USD will continue to decline.<BR/><BR/>The dollar's slide is NOT over. The dollar may be dead but it's going to get even deader. Yeah, I know that's not a word, A-Rod.Paul E. Mathhttps://www.blogger.com/profile/03719759088047080921noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-30164565848329180192007-09-29T01:05:00.000+01:002007-09-29T01:05:00.000+01:00"If the dollar collapses, so will the global econo..."If the dollar collapses, so will the global economy..."<BR/><BR/>WRONG. Have you learned NOTHING from the past 10 years or so? We are a total non-factor when it comes to the global economy because the rest of the world can move away from the dollar and the adverse effects of inflation. <BR/><BR/>China and India took a crash course from US on how to industrialize. What took America over 100 years to create took them under 20 years to duplicate. They can sustain themselves now that they want to sell their goods and services to their own people instead of us.<BR/><BR/>Besides, the rest of the world hates our guts for creating the energy price surge by having a military conflict based on lies. To us it is just $3 gas but to people in other nations it has meant unemployment and going to sleep hungry. They can't wait to cut the dollar loose.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82219239645457711052007-09-29T01:02:00.000+01:002007-09-29T01:02:00.000+01:00In the past the dollar dropped and came back many ...In the past the dollar dropped and came back many times. What's different this time is the huge trade deficit. That means other countries have more dollar than they know what to do with.<BR/>Secondly there has been a huge loss of confidence due to the toxic financial products. It will take a long time before confidence is restored.<BR/>The dollar will slide further unless we get the trade deficit under control and re-establish confidence in dollar denominated financial products. Both are unlikely at the moment.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53911348957962995662007-09-29T00:44:00.000+01:002007-09-29T00:44:00.000+01:00" But that ship has sailed, you may want to think ..." But that ship has sailed, you may want to think real hard about ways to play a strengthening dollar over the next few years...."<BR/><BR/>...and why do you think the dollar would be strengthening? I mean international investors are not exactly lining up to buy more toxic financial product spewing out of Wall Street, nor do we have much of anything of value to sell to the rest of the world to cover our imports (pharma & planes the only exception), hence the huge trade deficit. So again, why exactly do you think the dollar will be strengthening? Please explain.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-13667421513515190912007-09-29T00:28:00.001+01:002007-09-29T00:28:00.001+01:00My co-worker bought a house in 2005 with $20K down...My co-worker bought a house in 2005 with $20K down and when his ARM adjusted, he went into foreclosure and lost everything. His wife left him and his savings were depleted in a futile attempt to save the McMansion. Now he's back living with his parents. It's the American Dream. LMAOAnonymousnoreply@blogger.com