jimbomo's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/164457/comments http://seekingalpha.com/article/93197-declines-from-peaks-in-housing-show-big-disparity?source=feed#comment-242368 242368
I lived in San Diego during 2007 and noticed that houses in the neighborhood where I rented were selling for around $600K. I can guarantee that very few if any of those households had incomes of $200K + per year. ]]> Sun, 31 Aug 2008 01:26:22 -0400
I lived in San Diego during 2007 and noticed that houses in the neighborhood where I rented were selling for around $600K. I can guarantee that very few if any of those households had incomes of $200K + per year. ]]> http://seekingalpha.com/article/84744-what-kind-of-government-support-will-fannie-and-freddie-get?source=feed#comment-204236 204236
See: market-ticker.denninge...]]> Sun, 13 Jul 2008 10:43:49 -0400
See: market-ticker.denninge...]]> http://seekingalpha.com/article/71634-rising-global-food-prices-trading-guns-for-butter?source=feed#comment-147379 147379
From a GDP perspective, the U.S. has it easy in weathering food inflation. Food is only 7% of overall economic consumption. But in Asian economies like China, India and Vietnam, food costs account for anywhere between 30­‒50% of overall consumption. Every uptick in food prices has a vastly more significant effect on local economies than here at home.

Added to this is the upsurge of energy costs that will also be a drag on poorer economies.

So, the investment possibilities are - short equities in emerging economies.
EOM]]> Tue, 08 Apr 2008 23:43:56 -0400
From a GDP perspective, the U.S. has it easy in weathering food inflation. Food is only 7% of overall economic consumption. But in Asian economies like China, India and Vietnam, food costs account for anywhere between 30­‒50% of overall consumption. Every uptick in food prices has a vastly more significant effect on local economies than here at home.

Added to this is the upsurge of energy costs that will also be a drag on poorer economies.

So, the investment possibilities are - short equities in emerging economies.
EOM]]> http://seekingalpha.com/article/71222-labor-data-spell-recession?source=feed#comment-136535 136535 Fri, 04 Apr 2008 11:10:24 -0400 http://seekingalpha.com/article/70777-ism-manufacturing-index-rebounds?source=feed#comment-134767 134767
"New orders, the best predictor of economic growth in the near-term, led the declining categories falling from 49.1 in February to 46.5 in March."

EOM]]> Tue, 01 Apr 2008 17:00:28 -0400
"New orders, the best predictor of economic growth in the near-term, led the declining categories falling from 49.1 in February to 46.5 in March."

EOM]]> http://seekingalpha.com/article/70598-amend-jingle-mail-laws?source=feed#comment-134428 134428 EOM]]> Tue, 01 Apr 2008 01:10:44 -0400 EOM]]> http://seekingalpha.com/article/70357-investor-sentiment-and-market-returns-now-s-the-time-to-be-bold?source=feed#comment-133263 133263 ]]> Fri, 28 Mar 2008 21:20:16 -0400 ]]> http://seekingalpha.com/article/70276-home-prices-fall-11-4-in-january-a-chance-to-hit-bottom?source=feed#comment-132772 132772
--FHA Mortgages - For New Home Purchases and Refinances

--FHA Raises Loan Amounts! Now even more loans qualify.

--FHA mortgages, which are insured by the Federal Housing Administration, are a helpful tool for people who might not qualify for conventional mortgage programs. They offer:

* Low down payment requirements, mortgage insurance and closing costs
* Cash-out refinances up to 95%
* Easy credit qualifying for people who have poor credit or lack a traditional credit history
* Past bankruptcies can still apply
* Help for people with low-to-moderate incomes

--Programs:

Buying your First Home
FHA might be just what you need. Your down payment can be as low as 3% of the purchase price, and most of your closing costs and fees can be included in the loan.

The mortgage broker claims he gets 3 out of 4 applications approved. This is the kind of crap that started all this. The FHA is setting people up to fail a few years down the road.
EOM]]> Thu, 27 Mar 2008 23:00:01 -0400
--FHA Mortgages - For New Home Purchases and Refinances

--FHA Raises Loan Amounts! Now even more loans qualify.

--FHA mortgages, which are insured by the Federal Housing Administration, are a helpful tool for people who might not qualify for conventional mortgage programs. They offer:

* Low down payment requirements, mortgage insurance and closing costs
* Cash-out refinances up to 95%
* Easy credit qualifying for people who have poor credit or lack a traditional credit history
* Past bankruptcies can still apply
* Help for people with low-to-moderate incomes

--Programs:

Buying your First Home
FHA might be just what you need. Your down payment can be as low as 3% of the purchase price, and most of your closing costs and fees can be included in the loan.

The mortgage broker claims he gets 3 out of 4 applications approved. This is the kind of crap that started all this. The FHA is setting people up to fail a few years down the road.
EOM]]> http://seekingalpha.com/article/70059-durable-goods-orders-not-as-bad-as-they-seem?source=feed#comment-132139 132139
Personally, I think investors should be smart enough to interpret the data each way and I believe they did. The NAR data looks like the reversal of a downtrend but the durable goods data looks like a continuation of a downtrend.
Also, I'm assuming the durable goods data is raw numbers, not adjusted for inflation, and therefore maybe just flat YOY.
Jim
___________
My opinion is worth what you paid for it. ]]> Wed, 26 Mar 2008 21:26:31 -0400
Personally, I think investors should be smart enough to interpret the data each way and I believe they did. The NAR data looks like the reversal of a downtrend but the durable goods data looks like a continuation of a downtrend.
Also, I'm assuming the durable goods data is raw numbers, not adjusted for inflation, and therefore maybe just flat YOY.
Jim
___________
My opinion is worth what you paid for it. ]]> http://seekingalpha.com/article/69604-housing-crash-unaffected-by-fed-actions?source=feed#comment-130926 130926 www.patrick.net :

www.fhahomeloanmortgag...

FHA is easy to qualify for, the program was created to help to increase homeownership in the United states. FHA program makes buying a home easier and less expensive than other types of real estate mortgage Programs. Some examples include,

Minimal Down Payment and Closing Costs.
• Down payment less than 3% of Sales Price and 100% Financing options available
• Gift for down payment and closing costs are allowed up to 6% of Sales price.
• No reserves or savings required.
• Easy Credit Qualifying Guidelines
• No minimum FICO score or credit score requirements.
• FHA will allow a home purchase 2 years after a Bankruptcy.
• FHA will allow a home purchase 3 years after a Foreclosure.

www.FHAmortgageProgram...

THIS IS THE SAME BS THAT CAUSED THE BUBBLE IN THE FIRST PLACE.

THERE IS ALSO SOME PRECEDENT FOR BIG BAIL OUTS IN THE U.S. - CHRYSLER, SAVINGS & LOAN MESS, AND GREENSPAN'S LOW INTEREST RATE BAILOUT OF WALL STREET.

EOM
]]> Mon, 24 Mar 2008 22:16:35 -0400 www.patrick.net :

www.fhahomeloanmortgag...

FHA is easy to qualify for, the program was created to help to increase homeownership in the United states. FHA program makes buying a home easier and less expensive than other types of real estate mortgage Programs. Some examples include,

Minimal Down Payment and Closing Costs.
• Down payment less than 3% of Sales Price and 100% Financing options available
• Gift for down payment and closing costs are allowed up to 6% of Sales price.
• No reserves or savings required.
• Easy Credit Qualifying Guidelines
• No minimum FICO score or credit score requirements.
• FHA will allow a home purchase 2 years after a Bankruptcy.
• FHA will allow a home purchase 3 years after a Foreclosure.

www.FHAmortgageProgram...

THIS IS THE SAME BS THAT CAUSED THE BUBBLE IN THE FIRST PLACE.

THERE IS ALSO SOME PRECEDENT FOR BIG BAIL OUTS IN THE U.S. - CHRYSLER, SAVINGS & LOAN MESS, AND GREENSPAN'S LOW INTEREST RATE BAILOUT OF WALL STREET.

EOM
]]> http://seekingalpha.com/article/68644-the-end-of-the-bear-market?source=feed#comment-127316 127316 Sun, 16 Mar 2008 19:38:14 -0400