neeb??

Bear Stearns Conspiracy Watch: Bloomberg Piles It On

So my buying 'puts' puts me into league with those nasty evil 'speculators' does it? Kind of like when I go and sell some stock befor a major stock price dump makes me an 'inside trader'?

That Sucking Sound? It's FDIC Insurance Taking Over

Those who are being referred to as needing a real job are not on welfare as the above is referring to but people that are making a lot more than those on welfare. Gee, you mean some of the middle class, even though they are working may not be so intelligent? Again, the dumbing down has even effected numeracy. If you have teachers who are "uncomfortable teaching math" as one teacher told me then what do we say? I have heard this tripe from people who supposedly went to teachers college to get a piece of paper to teach mazth or what have you and they are AFRAID of it!! There is where the dumbing down has led us.....

More Problems for the Ailing Financial Sector?

"corrections" seem to overcorrect, upsiders overdo the upside, bears tend to take a swipe at everything. Again, no matter how much we say we have the facts we end up speaking through our emotions. No surprise here.

One-Third Of 5-Year Homeowners Underwater [Housing Tracker]

I've seen one house in our neighbourhood SIT with at least 9 real estate signs over a 6 year period and the average time was about 4-6 months. This in a part that is CLAIMED as a high demand area. Hmmm...(chin stroking time)...

One-Third Of 5-Year Homeowners Underwater [Housing Tracker]

...and yet i see that in at least three regions in Dade county that there are properties going in 4 weeks, at 50% off the so-called highs. Go Figure...

Gold and Silver Turn Bearish: No Conspiracy Here

If Gold tanks then the issue will be what next? When everything got commoditized we should have seen relativism coming. There is no downside protection. Deal with it.

Economic Report Summary: Housing Market Getting Worse, Not Better

Up here in London, ON we seem to be in a lalaland scenario as housing prices are quite stable if not going up 1.5%. We even have more buyers... and yes I even saw an ad for no doc, no down payment mortgages. Maybe this is all a flashback, who knows....

Will the Bear Market Rear Its Head This Week?

If it goes anywhere near the 5,000 mark It may just be because we overreacted the other way. But then again, emotion trumps reason in times like these so maybe Mark might be right on some of this. Can't see 4,000 though.

Credit Makes the World Go 'Round

To above, Two things: more debt and a whole lotta TROUBLE.

The Mortgage Crisis Brings Unexpected Neighbors

I guess if one has reached the point of no return (in a quite literal sense) then you do what you gotta do. The problem now is that I don't see a way out of that kind of situation. If one has tenants that are AT LEAST WILLING to maintain the property to a standard in that neighbourhood then by all means go at it BUT like you say it probably won't. Watch out for grow-ops and/or meth labs next.Some areas here in London, ON had precisely that happen to them because of No Doc type mortgages.

This Recession Will Be Neither Short Nor Shallow

Mr. Shedlock, not to put words in your mouth but I can sense where this is heading. A global depression I can easily see. A few weeks ago I thought bottom would be in the fall of 2009, now I'm suspecting --if there even IS a bottom -- maybe 2016?

Buying Up Foreclosed Single-Family Homes - Smart?

And there is the rub. The same random population that got into these weird drug trip mortgages are being looked for by Silver Portal to 'rent' these homes? Cosmetic repairs? After these places sat for how long?
Naaahh! can't see it !!

The Globalization Boom and Bust Cycle

So be it. The only groups of people who were 'benefitting' from this scenario were pushing this stuff under the guise of efficiency and, as Quetzlcoatl mentions no 'free trade'. Malaysia dealt with their currency issues in their own way in spite of all the noise about how this was against what certain globalists thought should be done...oooops

Corporate Fraud + Government Intervention = Bailout Nation

When an entire generation,or two, have no end in feel good courses and NOTHING in terms of even homebudgeting material to learn from,don't jump on the blame wagon. What is needed are real teachers to stand up and teach NUMERACY as well as common sense so that this kind of Slimebuggery does't have quite the same effect.

Delusions of Debt

The comment re: IRS reporting of credit card usage? Easy. Credit Cards equal hidden income.