Daniel Herkes

The Anticipated Prime Mortgage Problem Has Arrived

Your right. But when, during the past 3 months, has the stock market been operating with free market conditions? All that funny money - TARP, TALF, CARS, etc, has distorted the trading parameters to the point that almost all of the current rally is due to large traders operating with public cash. I fear, but do not wish for, another downturn in the stock market.

There are a lot of people out of work right now. Many of them will have lost pretty much everything when this is over - houses, retirement accounts, mobility. This equates to a lower standard of living.


On Aug 23 08:57 AM Leftfield wrote:

> A reminder that the top tier, our leaders, have received record shares
> of national wealth and income which has been rising for decades.
> Over and over we see their failures to foresee and do anything helpful
> to earn this amazing haul except that they outsourced and downsized
> American's livlihoods and grabbed first and multi-$trillion bailouts.
>
> We're frozen in denial, hoping for it to all go away. The stock
> market isn't positioned for the kind of bad news these mortgage figures
> show. It seems with the kinds of shocks and adjustments we're in
> for, reversion not just to, but far beyone the mean is quite possible.

A Tale of Seven Cities... and Some Condos

There is a silver light plug in for Firefox. I am using it. Why use silver light at all? Flash is no better or worse.


On Jul 29 09:21 AM aikimikey wrote:

> Thank you for compiling this information. I spend a lot of time
> in Atlanta and have been wondering what was keeping condo prices
> afloat. There is still a lot of construction being completed!<br/>
>
> I'd also like to point out that your graphs require Microsoft Silverlight,
> which is not available to readers who don't (or can't) use Internet
> Explorer.