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vboring
88 Comments
Why Yesterday's Optimism Wasn't Warranted
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?
Big Ben, Please Tell Us You Have a Plan B
Internet Hoax Gooses Stock Market
Hitting the Reset Button On Home Mortgages
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.
The Credit Crunch: Taking Personal Responsibility
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.
Should Wall Street Have Saved Itself?
they choose to do it. nobody forced their hands.
Should Wall Street Have Saved Itself?
oh, wait.
sarcasm doesn't translate to text well, but that definitely was sarcastic.
Comcast and BitTorrent Patch Things Up
Why Cable and WiMax Shouldn't Mix
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.
Recoupling, Monetary Policy Divergence, and the Dollar
Recession? I've Got a Solution
"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.
Wireless Auction: Google Playing Chess Ten Moves Ahead
i thought they were going to invent renewable energy that is cheaper than coal?
surely this is worth $1000/share.
The Credit Crisis and Potential Shorts
far too few people are talking about the real estate bubbles that happened in most of the rest of the world.
Visa Reality Check
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.
Commodities Experiencing a Record Sell-Off
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.