Jeff

U.S. Economy: Now Comes the Hard Part

You desperately need an editor. Great stuff, just way to puffed up and wordy.

'Bubble-Mania' in Shanghai Spreads to Global Markets

Wish Al Gores movie came out earlier, before the glaciers melted in Michigan 17,000 years ago. Such a sad story.

'Bubble-Mania' in Shanghai Spreads to Global Markets

Sounds like most of these folks are just sad that they didn't get in for the 90% ride. Even if it goes down 50%, I'm still way up.......

Fear kills.

Growth in World Per-Capita Real GDP to Continue

"The 60% growth in world GDP between 2002 and 2008 IS one of the greatest periods of economic growth in world history."

the cadean,

Negative people truly amaze me, over the past six years, the well being of all man kind has improved faster than at any time in history, ANY TIME IN HISTORY! We have now hit a relatively "in world terms" small speed bump, not even negative GDP world wide, and the wining, gnashing of teeth and wailing, just won't stop.

ALL levels of humanity have improved over the past six years. Oh, I guess the pessimists wanted 100% GDP growth, get real.

Only the most brain dead can not see what is taking place, here and now, across the globe. The middle class has grown faster than any time in history, more people have been brought out of poverty, we live in truly amazing times.


Pull your pitiful head out of the sand and take a look around.

What to Do About 'What-If' Gold?

All you nege's You had better not invest in anything you can't carry or run with.
It's bad out there, and scary to..... NOT.

California's Default Is Certain

Way to say it Dan H. Ditto.

California's Default Is Certain

Jeff Nielson,
Such a fear touting moron.

A true Liberal to boot.

The California constitution states that before debt payments, only one state function can be paid, that's "education". Currently it takes 38 billion to pay for education, leaving 55 billion to pay the 5 billion in debt payments. I think they can cover the debt, it's the rest of the state government that will have to yield.

P.S. I'm sure Reagan caused the fall of Rome.

Existing Home Sales Data Yields Good News Trifecta

NEWS FROM ON THE GROUND.......

I have been buying condos in Las Vegas for 10 months now, and for the first time, I have been out bid on the last six property's. It's like money is being poured into this market.

Last fall, I could buy a 2/2 in the $40,000 range, now I can hardly touch it for $60,000 plus.

I am still talking about foreclosures, but guess what folks, they are being snapped up as fast as they come on the market.

Money is chasing a good investment, you couldn't build them for that price, and they were returning a nice 10% plus.

Oh shit, forget you heard about this, I don't need to see your sorry ass in there bidding against me.

Bankruptcies of Large U.S. Corporations Soar

Wake Up,

Ouch, your to clever for me.

Bankruptcies of Large U.S. Corporations Soar

Poor Wake Up,
You must be the wiener who always complains when the next guy takes the risk and rakes in all of the money. Better get some balls.

I worked through the 1980 recession, the WORST since the Great Depression, and never knew it was taking place.

I started my own business in 1989, OH BAD TIMING, since the 1990 recession was dead ahead. My business did $20 million in sales in 1990, oh go figure, another recession missed.

You should read Think and Grow Rich, and recession's will stop happening to you.

Bankruptcies of Large U.S. Corporations Soar

I know Old Trader, this risk is killing me,

I can no longer buy junk bonds at 18% or corp bonds at 8%, or buy Cheesecake factory for $4.78, now at $17.60. I was buying condo's in Vegas for $40,000, now if I can find anything at all it's $60,000 plus.

Oh ya, I just got an interest only loan for 4,78%, last year this time, 8% to 12% IF you could find one.

I am not the Swillin Bull you spoke of, but I am a realist, and things are changing. We can't live in 2007 forever.

Bankruptcies of Large U.S. Corporations Soar

Hey PokeyClips,

You been drinking the coolaid?

Debt left by 42?........, and 41, 40, 39, 38, 37, 36, 35, 34, 33, and oh ya, the grand daddy of our current problems #32.

This must be the most negative site on the internet. If I was a bunker, guns or caned food salesman, I could definitely make a fortune advertising here.

Southern California Home Prices Rise? Beware of 'Misleading Medians'

nathan redondo

FYI, I just refied my jumbo with BofA for 4.78%, a 7 year 1 million interest only.
Things are getting better out there, look around.

Southern California Home Prices Rise? Beware of 'Misleading Medians'

LincolnPark,

You are dead on...... Home prices would NOT have fallen as far and as hard as they have, IF high priced homes were selling at a normal pace. This aberration drove prices much lower than they would have gone. Now people want to claim foul when high priced houses start to sell again, push prices up? Can't have it both ways.

I know we all want to.

Housing Chart of the Day

Robert and Optimized,

Thank you for your words of realism. Everything is not coming to an end, and there are opportunity's available. Is it still horrible out there, yes, but as you said Robert, money can be made when there is blood in the streets.

Optimizer, I am feeling tentatively safe with my Vegas buys, since they are so depressed, the rental markets goes for $750 to $850, in the areas that I am buying, and my monthly nut is in the $245. to $265 range. I feel that I have allot of flexibility between $750 and $245, to lower the rent if need be.

Vegas will hold 20,000 conventions this year, so traffic should hold or improve.

I appreciate honesty in these debates, and your two posts have both caution and hope, what I hate is the one sided dogma of doom, it is very ignorant.