mlimberg's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/122319/comments http://seekingalpha.com/instablog/164535-mike-stathis/13944-peter-schiff-wrong-on-the-economy-wrong-on-healthcare-part-3-of-4?source=feed#comment-595634 595634
Yes, Grasshopper, the sky "IS" falling... or was that Chicken Little.... these darn details keep getting in the way of a good story....]]> Mon, 20 Jul 2009 17:21:36 -0400
Yes, Grasshopper, the sky "IS" falling... or was that Chicken Little.... these darn details keep getting in the way of a good story....]]> http://seekingalpha.com/instablog/241378-balderdash/8852-can-the-interest-rate-payments-on-reserves-mop-up-liquidity?source=feed#comment-555410 555410
If AIG went under, who really would have suffered? We hear we all would have. But, it's likely we all will anyway. Spending makes the future worth less, if not worthless altogether.

It's time to let mis-managed companies, households and political groups fail. Both the Republicans and Democrats are a failed system. It's time to move away from a "party" in the political system. We must all once again become "independent", not a party, but as a voter. Good people will need to step up. Americans will need to make their own judgements, and base their views on a view suggested by a television report. We must once again think for ourselves. We need to become "thinkers" again, and seek the truth ourselves. We, as a People, have been lead astray, like "dumb" sheep, right into the "wolves den"......

Step our of your lives, review where it is that your family came from and how we got to where we are. Someone in your family worked hard for you to be successful. Was it you? ]]> Sat, 20 Jun 2009 14:00:08 -0400
If AIG went under, who really would have suffered? We hear we all would have. But, it's likely we all will anyway. Spending makes the future worth less, if not worthless altogether.

It's time to let mis-managed companies, households and political groups fail. Both the Republicans and Democrats are a failed system. It's time to move away from a "party" in the political system. We must all once again become "independent", not a party, but as a voter. Good people will need to step up. Americans will need to make their own judgements, and base their views on a view suggested by a television report. We must once again think for ourselves. We need to become "thinkers" again, and seek the truth ourselves. We, as a People, have been lead astray, like "dumb" sheep, right into the "wolves den"......

Step our of your lives, review where it is that your family came from and how we got to where we are. Someone in your family worked hard for you to be successful. Was it you? ]]> http://seekingalpha.com/instablog/183730-tom-lindmark/8263-is-the-mini-boom-in-housing-all-about-investors?source=feed#comment-547421 547421
We are still 5 to 7 years from a bottom...]]> Mon, 15 Jun 2009 13:30:49 -0400
We are still 5 to 7 years from a bottom...]]> http://seekingalpha.com/article/133689-home-prices-still-dropping-just-not-as-fast?source=feed#comment-482186 482186
Unemployment is increasing.
Home values are falling.
Loan requirements are stiffening.
Personal income is falling.
Interest rates are Low, and their next move will be higher.
Credit Card Debt and interest rates on card debt is increasing.
Foreclosures are increasing.
Foreclosures in the future are expected in increase in numbers.
Property Taxes and insurance are rising.
HOA's are Bankrupt.
Your Federal Income Tax Rate will increase in the near future.
State income tax rates will likely raise.

But, almost all Realtors want you to believe that now is the best time to buy.... It's not. Three years from now, real estate will be much cheaper.
]]> Wed, 29 Apr 2009 07:05:36 -0400
Unemployment is increasing.
Home values are falling.
Loan requirements are stiffening.
Personal income is falling.
Interest rates are Low, and their next move will be higher.
Credit Card Debt and interest rates on card debt is increasing.
Foreclosures are increasing.
Foreclosures in the future are expected in increase in numbers.
Property Taxes and insurance are rising.
HOA's are Bankrupt.
Your Federal Income Tax Rate will increase in the near future.
State income tax rates will likely raise.

But, almost all Realtors want you to believe that now is the best time to buy.... It's not. Three years from now, real estate will be much cheaper.
]]> http://seekingalpha.com/article/88767-housing-crisis-likely-to-wipe-out-two-decades-of-family-earned-wealth?source=feed#comment-221690 221690
Face it, lose a job in a two income family, it is highly likely you will lose your home, since you likely bought it based on two incomes. Unemployment pays next to nothing. No income is "0" income. Can't amke huge unreasonable house payments on that amount. So, moral of the story, until the value of "0" increases, it is possible that some day you too could find yourself understanding the value of "0" first hand.]]> Sun, 03 Aug 2008 15:53:27 -0400
Face it, lose a job in a two income family, it is highly likely you will lose your home, since you likely bought it based on two incomes. Unemployment pays next to nothing. No income is "0" income. Can't amke huge unreasonable house payments on that amount. So, moral of the story, until the value of "0" increases, it is possible that some day you too could find yourself understanding the value of "0" first hand.]]> http://seekingalpha.com/article/85770-are-short-sales-shorting-the-real-estate-market?source=feed#comment-209132 209132
It's like buying a car, they want to sell you the car based on the payment... The only figure I want to know is the cost of the home... Any mention of payment is based on this cost first and the interest can be changed as time goes on and according to market conditions.

]]> Fri, 18 Jul 2008 21:07:19 -0400
It's like buying a car, they want to sell you the car based on the payment... The only figure I want to know is the cost of the home... Any mention of payment is based on this cost first and the interest can be changed as time goes on and according to market conditions.

]]> http://seekingalpha.com/article/81473-home-prices-location-location-location-housing-tracker?source=feed#comment-186303 186303 Mon, 16 Jun 2008 09:10:22 -0400 http://seekingalpha.com/article/79632-oil-bubble-spin?source=feed#comment-177645 177645
""As he pointed out, the common wisdom of five years ago was "there are more and more people that need housing and a limited amount of land-there's not place for housing prices to go but up" and, like oil, it was a commodity that people "needed". ""

Farmers said the same thing in the 1970's, farmland, they don't make anymore... but you got to pay the bill for it someday.

Americans today are "Ilfunctional literates":

Individuals who are educated, yet fail to apply basic mathematics, reading and logic to simple everyday contracts.

I saw the housing thing coming because it looked just like the farming mess of the 70's... It will take years for this to correct. In the mean time, banks will fail just like the S&L's did....]]> Sun, 01 Jun 2008 18:08:41 -0400
""As he pointed out, the common wisdom of five years ago was "there are more and more people that need housing and a limited amount of land-there's not place for housing prices to go but up" and, like oil, it was a commodity that people "needed". ""

Farmers said the same thing in the 1970's, farmland, they don't make anymore... but you got to pay the bill for it someday.

Americans today are "Ilfunctional literates":

Individuals who are educated, yet fail to apply basic mathematics, reading and logic to simple everyday contracts.

I saw the housing thing coming because it looked just like the farming mess of the 70's... It will take years for this to correct. In the mean time, banks will fail just like the S&L's did....]]> http://seekingalpha.com/article/79632-oil-bubble-spin?source=feed#comment-177569 177569 Sun, 01 Jun 2008 13:34:26 -0400 http://seekingalpha.com/article/78663-us-housing-inventories-reach-record-highs?source=feed#comment-172947 172947 Fri, 23 May 2008 18:43:53 -0400 http://seekingalpha.com/article/78235-bank-of-america-better-than-treasuries?source=feed#comment-171255 171255
We're going to wake up one Monday morning soon and see the same news about B of A as we saw about Bear Strearns...

Are you in over your head and hope that others will buy this dog?]]> Wed, 21 May 2008 16:10:35 -0400
We're going to wake up one Monday morning soon and see the same news about B of A as we saw about Bear Strearns...

Are you in over your head and hope that others will buy this dog?]]> http://seekingalpha.com/article/73559-will-the-next-banking-crisis-originate-in-europe?source=feed#comment-156237 156237
NEW YORK (CNNMoney.com) -- Among the nightmares lurking around the corner for the already battered housing and credit markets would be a meltdown at mortgage financing giants Fannie Mae and Freddie Mac.
Although few are predicting an imminent need for a bailout just yet, credit rating agency Standard & Poor's recently placed an estimated price tag on this worst case scenario -- $420 billion to $1.1 trillion of taxpayer's money.
This dwarfs how much it cost to help banks during the savings and loan crisis of the late 1980's and early 1990's. That cost taxpayers about $250 billion in today's dollars.

Has anyone added all the lost money and compaired that to the perceived worth of the world? What % of the beleive wealth of the world is the loss we have seen and the loss not yet reported? At some point we may have spent all our wealth?

Time to go back to the gold standard....
]]> Thu, 24 Apr 2008 21:30:56 -0400
NEW YORK (CNNMoney.com) -- Among the nightmares lurking around the corner for the already battered housing and credit markets would be a meltdown at mortgage financing giants Fannie Mae and Freddie Mac.
Although few are predicting an imminent need for a bailout just yet, credit rating agency Standard & Poor's recently placed an estimated price tag on this worst case scenario -- $420 billion to $1.1 trillion of taxpayer's money.
This dwarfs how much it cost to help banks during the savings and loan crisis of the late 1980's and early 1990's. That cost taxpayers about $250 billion in today's dollars.

Has anyone added all the lost money and compaired that to the perceived worth of the world? What % of the beleive wealth of the world is the loss we have seen and the loss not yet reported? At some point we may have spent all our wealth?

Time to go back to the gold standard....
]]> http://seekingalpha.com/article/61870-dear-ben?source=feed#comment-113268 113268 Mon, 28 Jan 2008 13:17:47 -0500 http://seekingalpha.com/article/59537-fine-in-2009-not-so-great-in-2008?source=feed#comment-109550 109550
With Government intervention, this downward spiral should be resolved in 12 years. It's an election year, and yes our mental midgets wanting to be a President will promise everything. Keep in mind that one person caqn not make a difference without the support of the House of Reps and Senate. It's a system of Checks and Balances, and Our system of Government does not allow for a Dictatorship, where a single person can "fix" anything.]]> Thu, 10 Jan 2008 19:27:23 -0500
With Government intervention, this downward spiral should be resolved in 12 years. It's an election year, and yes our mental midgets wanting to be a President will promise everything. Keep in mind that one person caqn not make a difference without the support of the House of Reps and Senate. It's a system of Checks and Balances, and Our system of Government does not allow for a Dictatorship, where a single person can "fix" anything.]]> http://seekingalpha.com/article/52876-housing-bubble-and-real-estate-market-tracker?source=feed#comment-101721 101721 Buoyed by low interest rates, financiers introduced the concept of intergenerational loans, and eased credit standards as a way of helping people attain the booming prices.
Every day investors were caught up in the mania. Many salarymen, fearing they'd be priced out of the market as it continued higher, bought properties they knew they couldn't afford, in the hope that price increases would wipe away their folly.
Between 1989 and 1990 the Bank of Japan became worried that the property boom was becoming a bubble and took preventative steps, tightening interest rates. The bubble popped.
The resulting bust saw housing prices fall for 14 years in a row, and prices retreated as far as 60 per cent in Japan's capital cities.
The stockmarket crashed 80 per cent, consumers slowed their spending and the economy plunged into a prolonged recession.
Daisuke Sato was one bloke I met who was caught in the crash. He bought an apartment in 1990 for (roughly) $500,000, and 17 years later the pad is worth only $280,000.
Sato has a constant reminder of the mania – a massive mortgage that needs to be paid back regardless of the price of his home.
]]> Mon, 12 Nov 2007 19:26:51 -0500 Buoyed by low interest rates, financiers introduced the concept of intergenerational loans, and eased credit standards as a way of helping people attain the booming prices.
Every day investors were caught up in the mania. Many salarymen, fearing they'd be priced out of the market as it continued higher, bought properties they knew they couldn't afford, in the hope that price increases would wipe away their folly.
Between 1989 and 1990 the Bank of Japan became worried that the property boom was becoming a bubble and took preventative steps, tightening interest rates. The bubble popped.
The resulting bust saw housing prices fall for 14 years in a row, and prices retreated as far as 60 per cent in Japan's capital cities.
The stockmarket crashed 80 per cent, consumers slowed their spending and the economy plunged into a prolonged recession.
Daisuke Sato was one bloke I met who was caught in the crash. He bought an apartment in 1990 for (roughly) $500,000, and 17 years later the pad is worth only $280,000.
Sato has a constant reminder of the mania – a massive mortgage that needs to be paid back regardless of the price of his home.
]]> http://seekingalpha.com/article/53819-caveat-emptor-the-tumbling-housing-market?source=feed#comment-101719 101719 Buoyed by low interest rates, financiers introduced the concept of intergenerational loans, and eased credit standards as a way of helping people attain the booming prices.
Every day investors were caught up in the mania. Many salarymen, fearing they'd be priced out of the market as it continued higher, bought properties they knew they couldn't afford, in the hope that price increases would wipe away their folly.
Between 1989 and 1990 the Bank of Japan became worried that the property boom was becoming a bubble and took preventative steps, tightening interest rates. The bubble popped.
The resulting bust saw housing prices fall for 14 years in a row, and prices retreated as far as 60 per cent in Japan's capital cities.
The stockmarket crashed 80 per cent, consumers slowed their spending and the economy plunged into a prolonged recession.
Daisuke Sato was one bloke I met who was caught in the crash. He bought an apartment in 1990 for (roughly) $500,000, and 17 years later the pad is worth only $280,000.
Sato has a constant reminder of the mania – a massive mortgage that needs to be paid back regardless of the price of his home.
]]> Mon, 12 Nov 2007 19:18:35 -0500 Buoyed by low interest rates, financiers introduced the concept of intergenerational loans, and eased credit standards as a way of helping people attain the booming prices.
Every day investors were caught up in the mania. Many salarymen, fearing they'd be priced out of the market as it continued higher, bought properties they knew they couldn't afford, in the hope that price increases would wipe away their folly.
Between 1989 and 1990 the Bank of Japan became worried that the property boom was becoming a bubble and took preventative steps, tightening interest rates. The bubble popped.
The resulting bust saw housing prices fall for 14 years in a row, and prices retreated as far as 60 per cent in Japan's capital cities.
The stockmarket crashed 80 per cent, consumers slowed their spending and the economy plunged into a prolonged recession.
Daisuke Sato was one bloke I met who was caught in the crash. He bought an apartment in 1990 for (roughly) $500,000, and 17 years later the pad is worth only $280,000.
Sato has a constant reminder of the mania – a massive mortgage that needs to be paid back regardless of the price of his home.
]]>