September 22, 2006
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
24 comments:
I truly believe right now – today – we are entering into a 6 month period where world government’s responses to economic conditions will determine if we move into the “end game” of our US dollar fiat currency in 2007 or if it gets delayed until 2008/09. This time period we are now living in is critical. Here I believe is why:
http://tinyurl.com/fjf5y
page comes up blank for the tinyurl you provided. can you resubmit? thnx.
my bad
http://tinyurl.com/pmoyf
charts never ever ever go sideways after the big run-up. to see one would be unique (and hilarious)
up. down. repeat.
Great images, Keith!
why doesn't ben's blog use images? a picture is worth a 1000 words nice job!
How can ANYBODY look at these graphs and insist that we're "going back to a more normal market"??
Athough I'm sure that the great and all-knowing Mr. Larry Nussbaum will show up at any moment and claim that the "graphs don't tell the whole story" or some other excuse to explain them away.
Borkafatty, you don't give credence to what that Bible-thumping, panic-mongering doomer Doug Tjaden says, do you? Lol.
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Even tho I have never met the man, nor can i give credence or have an opinion of his particular faith (nor do i give a shit)..but what he spells out looks pretty strait foward to me..unless of course I am missing something.
Not doom, reality..I know it sucks, reality that is ...but hey we all must come to realize it at some point in our lives..try it, it is refreshing. We can reflect on this conversation ehh 6 months from now.
But then again with the Bush Administration and the Pentagon issuing orders for a major "strike group" of ships, including the nuclear aircraft carrier Eisenhower as well as a cruiser, destroyer, frigate, submarine escort and supply ship, to head for the Persian Gulf, just off Iran's western coast....the Panic may be closer than you think.
Oh forgot to mention, theses are the presidents orders..not Congress..Who according to the constitution congress has to approve such a deployment..
October 1 they set sail.
If it's not in the book that Larry Nusbaum bought recently, he won't believe it. I'm glad he's coming to terms now with reality, based on his recent comments.
Talk about not giving credit. You wanna give credit for these charts you stole from other sites?
Anonymous said...
"Talk about not giving credit. You wanna give credit for these charts you stole from other sites?"
Thank you. Not just charts, entire "articles," and virtually all of his graphics (which are the legal property of others). Keith steals Ben's stuff almost every day, but Ben steals HIS stuff from newspapers and magazines. Neither knows how to correctly use quotation marks.
Ben's plagiarisms end with something to the effect that they were "written" by Ben, blah, blah. Clearly he doesn't grasp the difference between "written" and "pasted."
Keith generally doesn't even bother with quotation marks. If I were a copyright attorney, I'd be ecstatic.
1) google housing bubble, get all kinds of great charts, post
2) I don't visit ben's boring blog, zzzzzz....
3) realtors, good luck with your job search
genius, panicearly, genius....the NAR and every other economic prognosticator should be legally required to provide a 20 yr historical chart whenever they predict any future results....California median home prices will go up by 15% in 2006? okay, show me how that looks on a chart from 1987-2006, let me see see that with my own lying eyes...
The most frightening chart is “Value of Inventory of Unsold Homes”.
During the early 90s housing bust this value was around $300b, and now it is around $1000b. This means that this balloon is three times as big as the previous one, consequently the popping sound will be much more loader.
I'm no economics major, but using a simple logic, if, based on the chart, it took 14 years (peak to trough) for Japan to bottom out, how many years would it for the U.S., considering that it's higher than Japan? My take is if one has to draw a line running parallel with Japan's and hypothetically stops at the same level, it will be around 20 years or so to bottom out. Can anyone give other interpretation?
holy crap that link was the motherlode of bubble charts especially that unsold home value one oh my freaking god!
(Talk about not giving credit. You wanna give credit for these charts you stole from other sites? )
every single chart in this thread has a source embedded in the chart.
But it's different this time, don't you get it!
inverted parabolas......pretty big words for you paintblot!
Did ya get help?
but suzanne researched it! waaaaa! bwaaaaa! (takes a swig of jack) my life is ruined! suzanne researched it! suzanne researched it!
bang.
It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.
Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas.
This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.
"Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas."
Once I get proficient enough at my current career and/or to the point where I can tell my employer how it's going to be (or start my own business), I am moving back to, yes, Upstate NY, where I can get the following for 600K in Buffalo:
http://rusabuffalo.leadmaxx.lantrax.com/search/index.cfm?Action=Details&DetailListingID=227031
as opposed to this 600K POS in DC:
http://allegiance2.districtofcolumbia.remax.com/listings/ListingDetail_r4.aspx?LID=23437596#aTop
And, I will have xtra cash to have a beautiful boat and summer home on the fresh water Great Lakes and good schools if I ever decide to have kids. Yeah, there are winters, but there is a sense of community, great food, good beer and I can ski down in Ellicoteville (sp?) to pass the time!
$2.00 for Labatt's Blues and, all the women have big jugs!
Yes, that's how it's supposed to end, but riddle me this Batman:
http://tinyurl.com/hyeup
"I’m an executive recruiter in the Banking industry. Our clients (Banks) are expanding at a rate that we have NEVER seen before, not even last year. MONSTER sign-on bonuses for Commercial Loan Officers, Regional Presidents, & Compliance Officers. Think about it…if the Banking industry even had a whiff of an impending “recession”… why would 75% of our clients be telling us they will be increasing staff size over the next twelve months (and last year was a record year for us.)… from an employment perspective, the Banking industry is more bullish now than I HAVE EVER SEEN IT, and I’ve been a recruiter for eleven years. "
The fix is in boys and girls.
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