specks

The Financial Crisis Explained

I can hear the rusty screendoor going creak-creak, creek-creek as it swings back and forth between blame and shame.
We should do nothing and let the system cleanse itself. But, of course, all of the politicians and academics want to SOLVE THE CRISIS OF THE BUBBLE! Well, guess what, I think I just heard a great big WHOOSH! Listen...can you hear it too??

Mortgage and Title Insurers Suffer from Housing Woes

to tcornelison
The managers of these organizations were allowed free reign to yank in millions of dollars from the most vulnerable in our society. We do not need this kind of SERVICE in our market place.
Perhaps you are one of them, are you?

The U.S. on the Precipice

Life is like a teeter-totter....alway... has been....always will be! And that includes you and ME!

Calling a Bottom: It's Time To Party

Post American World... Canada is not going to invade Russia. The exact opposite MAY be true!
What I'm afraid of is that the contagion will reach us too.
But of course, all of our experts say, "NO WAY...WE'RE NOT THE USA!"
Any opinions out there for me??

The Government's Moral Hazard with Fannie and Freddie

I am Canadian. I am also close to retirement.
I am afraid that what has been created by the best educated minds in the world, attending some of the finest halls of education lead by the wisest professors will be discovered to exist worldwide.
If my government and business leaders, as yours, has lost our money because of their incompetence, how are we old folks going to survive, do you think?
Two things are for sure. But I'll live for probably another 30 years. And that means me along with the other 33% of the population, unless you dispose of us, will have to survive on tax money.
Or, the fixed income level we are guaranteed, at least for now, will have the purchasing power necessary to pay for our needs!
Are any of you economists out there?
Is this talk DEFLATION??

Residential Real Estate: How Much More Pain?

Wonderful...all we need is more acquisition of assets by the state to dole out to a select group. Boy...we sure have come a long way away from communism, haven't we?

Calling a Housing Bottom

On the contrary Tom. I meant to say we are, that is worldwide, only now coming into the real beginning of this whole financial mess.
I suspect, although I hope I'm wrong, that this housing situation is now spreading to other countries.
This will be a Global meltdown.

Calling a Housing Bottom

We'll know when the bottom is in.
No one will be talking about housing. It'll be boring and passe!!
The World is just getting ready. I feel we are only now getting to the real beginning.
Anyone else agree?