pochovilla

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    • Wed Sep 17th 12:28 PM | Rating: 0 0
      Commented on:
      Don't Worry, The Banking System is Sound
      When Henry speaks people listen. What did he say?
      Suppose sound is an acronym for Sucking Out "Ur" New Dollars
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    • Wed Sep 17th 11:54 AM | Rating: 0 0
      Commented on:
      Are the Basic Principles Still Relevant?
      " Just consider one simple factor, the existence of the no-income-verification loan. What does that tell us? How can any rational person see that as anything other than financial suicide?"
      Now rate that AAA and leverage it 15x, 30x or Xx.
      What does that tell you?
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    • Wed Sep 17th 11:11 AM | Rating: 0 0
      Commented on:
      Will Lehman's Bankruptcy End the Moral Hazard?
      Fewer morals, more hazards.
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    • Wed Sep 17th 11:00 AM | Rating: 0 0
      Commented on:
      Trust vs. Transparency: What the Market Needs Now
      Transparency could be provided quickly if the attorney's don't wordsmith too much. Trust takes a long time to build once it is violated.
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    • Wed Sep 17th 10:45 AM | Rating: 0 0
      Commented on:
      Banks on the Verge of a Nervous Breakdown
      You're no fun at all. I'll bet you were the designated driver at the dorm or fraternity parties. This explains why you are not a Senator , Congressman , an executive on Wall Street or lobbyist.
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    • Tue Sep 16th 11:16 AM | Rating: 0 0
      Commented on:
      Inflation Concerns? That's So Yesterday
      Wow! A .1% drop in the rate of inflation and ya'll declare victory. At this rate we'll all be able to afford gasoline, diesel, and utility bills in about 10 years if health care, taxes/insurance and "fees" of all types don't take away the meager gain. Lets see milk at $3.00 per gallon before spend all this new found wealth on a 60" LCD HD TV at the trailer park.
      View article »
    • Tue Sep 16th 06:03 AM | Rating: 0 0
      Commented on:
      Who Had Superior Economic Performance - the Democrats or the Republicans?
      These are POLITICAL statements. If you try to associate them with logical or factual arguments you will go insane. If you like to argue this is a great theme that has no resolution except to convince yourself that you are right. Otherwise go talk to a rock or a brick.
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    • Mon Sep 15th 04:21 AM | Rating: 0 0
      Commented on:
      A Look at US Debt Levels as a Percentage of GDP
      Let's see the chart with gross debt levels.
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    • Fri Sep 12th 03:45 AM | Rating: 0 0
      Commented on:
      Housing on the Slide
      It's always been about housing affordability. 4X income may have worked in the past when housing prices increased at historical rates of 2-3% YOY. The more important number is total debt to income. In that number needs to be utility costs and the never ending car loans plus credit card debt for most people. I would suggest a good number is 20% down and 3X income and no more than 45% -50% debt to income ratio.
      The prospects for income growth over inflation for most people today is slim. That's why I believe a more conservative 3X income is prudent.
      Now plug that into the home price number and see what is affordable.
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    • Wed Sep 10th 11:17 AM | Rating: 0 0
      Commented on:
      Paulson Should Remain Treasurer Through the Elections
      The score is 56-0 and Hank the coach is feeling the pressure of the BIG GAME. His only remaining quarterback has a concussion, the receivers all have pulled hamstrings. With less than two minutes left in the half his team is on the 10 yard line. It's 4th and 38. The coach sends in "everybody deep" we're going for a Hail Mary.
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    • Tue Sep 9th 18:38 PM | Rating: 0 0
      Commented on:
      Paulson and Friends, Translated
      When Henry talks people listen. It's just that we have no clue what he is saying when he says it.
      Mish does a nice job of translation based on results
      Watch him on an extended testimony on CSPAN and see the expression on the committee member's faces. They can't wait until January 09.
      View article »
    • Sat Sep 6th 05:54 AM | Rating: 0 0
      Commented on:
      Rent vs. Buy Datapoint of the Day
      Felix:
      YBF You've Been Fooled. Drawing a conclusion from two data points is a fools game. Keep it up and we'll vote you for Mark Perry's assistant.
      View article »
    • Thu Sep 4th 18:12 PM | Rating: 0 0
      Commented on:
      Mortgage Delinquencies Running Ahead of Rate Reset Pace
      Let's see:
      Tax appraisals.
      Utility costs to heat/cool
      Insurance costs
      Water for that nice lawn
      All that new furniture and new household items.
      Sure does take a bite out of the cash flow.
      View article »
    • Thu Sep 4th 18:05 PM | Rating: 0 0
      Commented on:
      GM, Ford, Chrysler Sales Collapse
      Mish: Financing is a big problem. If you try to trade a SUV (was upside down from previous trade) you're probably inside out (so far upside down the that zero down (who has money down ?) that the financing company has to carry 125% + of loan value.
      If you are trading a HUMMERrrrrrrrrr, or some form of land yacht the numbers are category 5 hurricane scary.
      Any Real Estate agents out there buying cars?
      Anyone want to carry a $25000 loan on a KIA Rio?
      View article »
    • Wed Jul 30th 04:55 AM | Rating: 0 0
      Commented on:
      What Can Go Right for the Financials? Quite a Bit, Actually
      Bill Miller + Tom Brown + Larry Kudlow = ?
      Most of us know the answer !
      View article »
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