vboring

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88 Comments

    • Wed Apr 2nd 13:14 PM | Rating: 0 0
      Commented on:
      Why Yesterday's Optimism Wasn't Warranted
      don't trust market optimism.

      if loan performance is worsening worldwide, only about 25% of the estimated losses have been written down (292B out of 1.2T), and industry is slumping (auto sales down more than 15% yoy), how do markets go up?

      how does any of this represent a bottom?
      View article »
    • Tue Apr 1st 17:32 PM | Rating: 0 0
      Commented on:
      Big Ben, Please Tell Us You Have a Plan B
      given today's massive rally on uniformly bad news, Ben will be hard pressed to justify any cut at all.
      View article »
    • Tue Apr 1st 15:07 PM | Rating: 0 0
      Commented on:
      Internet Hoax Gooses Stock Market
      is this post an april fool's joke? all of the links in it are dead.
      View article »
    • Mon Mar 31st 11:17 AM | Rating: 0 0
      Commented on:
      Hitting the Reset Button On Home Mortgages
      it sounds like anger is starting to build up on all sides. hopefully there will be enough anger that the gov't will be forced to roll some heads.

      some white men in expensive suits need to go to jail for this mess.

      as for the bailout proposals, they need to differentiate between home investors and home owners, because investors shouldn't be bailed out. maybe some witless owners should. how to tell the difference?

      if you can sustainably afford your original loan, you are an owner. if you can't, you're an investor. any bailout should only help people who can afford their loans, but who are now incentivised to abandon them because of negative equity.
      View article »
    • Thu Mar 27th 21:20 PM | Rating: 0 0
      Commented on:
      The Credit Crunch: Taking Personal Responsibility
      bad housing advice:

      the person who put $0 on their house has the ability to dump an of decreasing value for somebody else to worry about.

      the person who put $100k down is out $100k and still has negative equity, so it is still in their best interest to leave it to the bank.

      i'd be mad as hell if i put 20% down on a house in Miami 2 years ago.
      View article »
    • Thu Mar 27th 14:47 PM | Rating: 0 0
      Commented on:
      Should Wall Street Have Saved Itself?
      some poorly run institutions choose to compete with each other to be the most idiotic for their own backwards reasons.

      they choose to do it. nobody forced their hands.
      View article »
    • Thu Mar 27th 14:46 PM | Rating: 0 0
      Commented on:
      Should Wall Street Have Saved Itself?
      yeah, look at BRK, which chose to sit out both the tech bubble and the housing bubble. their shares aren't worth the paper they were printed on.

      oh, wait.

      sarcasm doesn't translate to text well, but that definitely was sarcastic.
      View article »
    • Thu Mar 27th 12:17 PM | Rating: 0 0
      Commented on:
      Comcast and BitTorrent Patch Things Up
      there is probably a way to keep most torrent connections as local as possible to reduce network congestion.
      View article »
    • Wed Mar 26th 14:37 PM | Rating: 0 0
      Commented on:
      Why Cable and WiMax Shouldn't Mix
      CLWR is a bastard towards their customers, but mobile broadband rocks and they are the only provider in my area.

      anything that offers an alternative to both broadband cable and cell phones is good by me. you can do phone calls over CLWR networks today, if you don't mind carrying a laptop with skype on it around all the time.
      View article »
    • Tue Mar 25th 18:18 PM | Rating: 0 0
      Commented on:
      Recoupling, Monetary Policy Divergence, and the Dollar
      does nobody see that the housing bubble in Europe is also popping?
      View article »
    • Mon Mar 24th 10:57 AM | Rating: 0 0
      Commented on:
      Recession? I've Got a Solution
      three things:

      "afflicted", not "inflicted"

      i'm with you on the diagnosis and the domestic energy production idea as a solution. low interest rates will be an incredible boon for large capital projects like new energy construction.

      but coal to fuel has fundamental energy problems. energy problems don't just go away with thing like miniaturization of chips or evolution of materials (the way that cell phones and cars got better). energy problems deal much closer to the edges of the laws of physics. so, the coal-to-liquids technology today is probably about 90% as good as it will ever be in terms of coal-to-liquid conversion efficiency (and thus CO2/gallon of fuel produced).

      i like non-silicon solar, breeder-reactor nukes, tree-crop biofuels, and PHEVs as domestic energy solutions.
      View article »
    • Fri Mar 21st 10:51 AM | Rating: 0 0
      Commented on:
      Wireless Auction: Google Playing Chess Ten Moves Ahead
      what?

      i thought they were going to invent renewable energy that is cheaper than coal?

      surely this is worth $1000/share.
      View article »
    • Thu Mar 20th 16:35 PM | Rating: 0 0
      Commented on:
      The Credit Crisis and Potential Shorts
      could still be a good time to short international financials. the best domestic financials to short would be those that will be hurt by declining commercial real estate loan performance.

      far too few people are talking about the real estate bubbles that happened in most of the rest of the world.
      View article »
    • Thu Mar 20th 12:40 PM | Rating: 0 0
      Commented on:
      Visa Reality Check
      who pays with cash anymore?

      honestly, people will put a $2 coffee on a card. so, what market is left to capture?

      if there are no transactions left to move from cash to cards, then visa's transactions are anchored to consumer spending and there is little room left to grow.
      View article »
    • Thu Mar 20th 11:14 AM | Rating: 0 0
      Commented on:
      Commodities Experiencing a Record Sell-Off
      commodities are falling because people think that stocks have hit bottom.

      sharp rises in stocks despite bad news indicates that people think stocks have bottomed.

      any news on stocks bad enough to convince people that our problems aren't over yet will send commodities back up.

      i'm looking at banks with too many commercial real estate loans, chrysler, and any poor loan performance in Europe or the UK for news bad enough to do this.
      View article »
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