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post #11 of 33 (permalink) Old 10-23-2008, 02:14 PM
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Originally Posted by Jayhawk View Post
Post links please? They did nothing but bitch--about everything. Hell one of them might have even accidently hit on the housing bubble, but I doubt it!
Maybe even in Oct of 2006.

I believe you were a J come lately to that party. But I bet you have heard that before.

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post #12 of 33 (permalink) Old 10-23-2008, 02:18 PM
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Post links please? They did nothing but bitch--about everything. Hell one of them might have even accidently hit on the housing bubble, but I doubt it!
On Nov 26 2007 I told you to sell everything and that the market would bottom at 8,000, you idiot.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #13 of 33 (permalink) Old 10-23-2008, 02:22 PM
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Post links please? They did nothing but bitch--about everything. Hell one of them might have even accidently hit on the housing bubble, but I doubt it!
Is this what you are looking for?

Quote:
Originally Posted by McBear - 9/22/06
Deficits with wars YES, Runaway 5X the cost of the war deficits NO. Someone on the right really needs to start learning math and economics because it is just not sinking in.

The following link is a 5 minute read on the housing market that is showing signs of collapse. It is worth the read.

As for getting used to it, NO, NO, NO. It is impractical to "get used to" a crashing deficit economy. You, your children, and grandchildren will continue to pay a high percentage of their taxes [currently over 12% of all your taxes] to support the deficit. That number just goes up every day.

To just get used to it is plain retarded.

READ THIS. http://globaleconomicanalysis.blogsp...s_archive.html

Writer is not a leftie, or a rightie, he is a Capitalist.

http://www.benzworld.org/forums/off-...ng#post2037815
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Originally Posted by McBear - 9/23/06
It is such an incestuous cauldron when one party [either party] owns the keys to both houses and the WH that budget items get tacked on by executive request, executive order, Senate committee, House committee, Joint committee [which might explain a lot] and then there are the executive actions which can ‘annotate’ bills as they are signed.

All that I know is that if the housing bubble continues its current course and more $50K layoffs continue to be supplanted with the “10,000 New Jobs Created this month” [at WalMart @ $7.25 per hour] we are going to see a echo of 2000’s little stock market drop within the next couple of months.

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Quote:
Originally Posted by McBear - Oct 14 2006
You are very correct about non essential credit in the US. As the housing market starts crashing, I fear that will be the next domino. So many people bought, or refinanced their houses with either 100% financing OR, 100+% meaning that the banks actually allowed people to bet their debt that the market would increase enough that the equity on their house would come up to the value of the loan given for the houses. In some markets people were able to get 125% loans on their house, meaning if the house valued at $500,000 they could get a $625,000 loan on the house to either buy and upgrade, buy and consolidate other debt or buy in a tight market where houses were tighter than demand.

Other real estate plans that are going to cave in soon are the "interest only" and "bubble" loans. Interest only loans allowed folks to gamble that the house would appreciate enough that they could make payments on interest only knowing that when they sold there would be equity in the house for them. Basically a $500,000 loan would never reduce as long as the family owned the house. The Bubble plan would have a reduced payment with a large bubble attached at the end which would accomodate the expected windfall associated with increasing real estate prices. Both Bubbles and Interest Only loans, plus the "Value Plus" loans are starting to come up bad.

A friend bought a house in March in Atlanta, had to move in September and the sell of the house in a saturated market meant that his $500,000 house in March was sold for $400,000. The buyer wrote a $400,000 check to his mortgage company and my friend wrote a $100,000 check to clear the debt.

I expect to see many "fires" as this booming economy continues to roar.

Post#22 from that Celebrating that Quarter Trillion Dollar Deficit http://www.benzworld.org/forums/off-...ng#post2063740

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post #14 of 33 (permalink) Old 10-23-2008, 02:39 PM
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Should I guess you don't want to see the posts for LDOs, security swaps, bundling, deregulation and Hedge manipulations and the $54Trillion International house of cards from that same timeframe?

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post #15 of 33 (permalink) Old 10-23-2008, 02:45 PM
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But I rather being striped some of my right, the right to be president, to live in a Proof before Guilty country.
then you must not live in the USA because what i quoted from your shpiel, is not america. there is no need to charge anyone with anything anymore as one can just be detained indefinitely at the will of the prez. america isn't all that free anymore.. may want ot wake up and smell the coffee mang, because obviously you missed it when it went down.



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post #16 of 33 (permalink) Old 10-23-2008, 02:54 PM
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^At least I did not hear much of 3 AM visitors very often or the most least happened event compare to any place of the world or others will even visit you in board day light as usual practice.

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post #17 of 33 (permalink) Old 10-23-2008, 02:59 PM
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FLT,quoted:
On Nov 26 2007 I told you to sell everything and that the market would bottom at 8,000, you idiot.

What if we even broke through 8K and down to 7K next Fall ? Will you compliant Obama if he is the President then ?

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post #18 of 33 (permalink) Old 10-23-2008, 03:15 PM
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^At least I did not hear much of 3 AM visitors very often or the most least happened event compare to any place of the world or others will even visit you in board day light as usual practice.
just because you haven't heard any knocks at 3am doesn't mean they aren't coming to get ya.



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post #19 of 33 (permalink) Old 10-23-2008, 03:57 PM
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^Does fact travel faster than rumor ?

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post #20 of 33 (permalink) Old 10-23-2008, 04:02 PM
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FTL and mcBear so sure of the DOW collapse in Nov 07, they should long SKF then they will be retired @37 and bitch about the dumb MIT economist.

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