Comments on Myron Shlapak's articles RSS Syndication from SeekingAlpha.com http://seekingalpha.com/author/myron-shlapak/articles http://seekingalpha.com/article/62833-inflating-a-deflating-bubble?source=feed#comment-114460 114460 Mon, 04 Feb 2008 13:06:24 -0500 In California, 1990-94 our home went down over 30%, nobody rescued us, why not? Stop this election year bullcrap, encourage SAVING, de-leveraging AND RENTING, for God's sake all these dumb sheeple could be renting at 1/2 the price and building their lives again. Listen to Jim Rogers, call for Bernanke's resignation, tell the people the truth, instead of pretending to fix what can't be fixed.
And all your inflation points are fierce today, and won't be reversed by falling home prices. Oil usage still is barely under what we can pull out of the ground each day. ]]> http://seekingalpha.com/article/60084-on-central-banks-and-gold-s-new-high?source=feed#comment-110928 110928 Wed, 16 Jan 2008 19:52:23 -0500 http://seekingalpha.com/article/60084-on-central-banks-and-gold-s-new-high?source=feed#comment-110657 110657 Wed, 16 Jan 2008 02:05:01 -0500
I recall an experiment done some decades ago. One pair of rats, male and female, in a limited but large environment. Population up, up, up, until things started going wrong. Aberrant behavior, squared. Eventual result: eventual population: zero.

We always assume tomorrow will be much like today,next year much like this year. Good prediction, most of the time. Disastrously wrong some days, some years.

I don't guess there's much hope that mankind will take effective action to combat our excesses before they cause a crash.]]> http://seekingalpha.com/article/58657-a-guide-to-subprime-terms-and-possible-solutions?source=feed#comment-107686 107686 Tue, 01 Jan 2008 18:05:23 -0500 http://seekingalpha.com/article/58657-a-guide-to-subprime-terms-and-possible-solutions?source=feed#comment-107612 107612 Tue, 01 Jan 2008 05:57:11 -0500
Sksqia, the idea may be wacky but not more so than the abrogation of valid contracts outside of the bankruptcy courts.

And as far as a budget buster, what budget? We went from a surplus to a deficit in two years, or less. But enough of politics.

I suggested that the monies used be the funds that are allocated for Revenue Sharing with the States. This is money already in the Budget, when it gets approved
]]> http://seekingalpha.com/article/58657-a-guide-to-subprime-terms-and-possible-solutions?source=feed#comment-107595 107595 Mon, 31 Dec 2007 23:41:36 -0500 http://seekingalpha.com/article/58657-a-guide-to-subprime-terms-and-possible-solutions?source=feed#comment-107475 107475 Mon, 31 Dec 2007 10:17:57 -0500 http://seekingalpha.com/article/58465-subprime-root-cause-analysis?source=feed#comment-107333 107333 Sat, 29 Dec 2007 19:24:03 -0500 My hope is that the US market will take this oppourtunity to take a good look at itself and take the appropriate measures to clean up it's act.
No market operates in a vaccum and it is time that there was a realisation by the industry that they are responsible for their own actions.]]> http://seekingalpha.com/article/58465-subprime-root-cause-analysis?source=feed#comment-107225 107225 Fri, 28 Dec 2007 12:54:16 -0500
Many (most?) subprime reps encouraged retail mortgage brokers to encourage their clients to lie about their incomes on stated income loans. It was an open secret. I assume the smart guys on Wall Street knew about it and chose to look away. ]]> http://seekingalpha.com/article/58465-subprime-root-cause-analysis?source=feed#comment-107067 107067 Thu, 27 Dec 2007 13:47:40 -0500 http://seekingalpha.com/article/58465-subprime-root-cause-analysis?source=feed#comment-107035 107035 Thu, 27 Dec 2007 10:38:15 -0500 http://seekingalpha.com/article/58465-subprime-root-cause-analysis?source=feed#comment-107027 107027 Thu, 27 Dec 2007 08:59:50 -0500
But I never understood the giant size of the problem with that weird 'securization' and the role of the ratings companies.
Yet on the scale of advertizing you could see trouble ahead because one way or the other bad credit is indeed a problem.

The above article is a nice oversight of all that went wrong, it contains just one little error. Quote:

Had there been a higher rate of inflation that increased the salaries of the various debtors they might have been able to keep up with their payments and eventually refinance at a lower rate.

Unquote.

If there had been more inflation, in that case interest rates would go up so refi via lower rates would be impossible. Furthermore your salary only increases with some weird consumer basket of items (like vegetables, soup, meat and so on).
The higher cost of the mortgage would not be included in the inflation adjusted salaries, just like inflation on stock or bond markets is not found back on your paycheck.


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