StockSuspicious

Caveat Emptor: The Tumbling Housing Market

So far, no business writer seems willing to write the obvious, which is that Americans ARE GOING TO LOSE MONEY ON ALREADY-PURCHASED REAL ESTATE. NOBODY knows how deep the losses will go, but there are abundant hints in available data, readily accessible by the reading public, which point to as much as to 50% lower prices on single family dwellings, within the next three years. If you're planning to buy a house, wait; you'd be insane to buy now, with all price arrows pointing SOUTH.

Sorry Folks, the Housing ATM is Closed

None of the numbers being written about, regarding the negative impact of the housing crash are high enough. That's probably just the very human reaction of financial writers trying to get as much of their real estate related investments out of the fire, as possible, before the real heat flames through. Full revovery (whatever that is eventually decided to be) is at least five full years away.

Former AIG Chief Turns Up the Heat

What is Olde Man Greenberg doing, monkeying around with AIG stock? Yes, I know about his Starr connection, but he's a dangerous old duck. He narrowly missed being prosecuted for criminal misconduct, before he was forced out, as Chairman of Ain't It Great. He needs to retire, in actuality, before he shows his true colors.

The Allstate Corporation Q3 2007 Earnings Call Transcript

Allstate will take your premium money, but they won't pay your claim, unless you sue them. Don't buy anything with the Allstate name on it.

Another Housing Bubble to Short

Larry MacDonald: Aren't you just some freelancer who juggles a few bucks on your own, in the market, and sells noncommital articles, like this one? "...might remain concerned..." "...could be serious..." "...might want to play..." "...looks like an interesting speculation." Good grief.

Countrywide Financial: Time To Look At The Board

The year-end figures of major companies should place some people in prison, if the proper authorities do their jobs, for a change.