Hmm?!

Thoughts on REITS, Financials and the U.S. Dollar

jasonjim,

I am sorry, you lost me..... how? There are excess homes built.....sold to people on liar loans. Most of the liar loaners will never qualify for a mortgage again, because they didn't even qualify the first time.

I see new and empty strip malls and newer office buildings converted to warehouse space. And yet I am in Dallas Texas..... a city least hit to date, by the downturn.

We have a 70% consumption economy that is out of money and overbuilt as far as the eye can see????

A lowering tide....... lowers ALL boats!

On Aug 23 01:18 PM jasonjim wrote:

> Good quality REITs will follow the financials upwards IMO. Many of
> them are seriously undervalued, which gives an opportunity not only
> for their great dividends but also for serious capital gains over
> the intermediate term.

U.S. Market: So Much Stupidity in Such Little Time

You are missing a very key point. It was Democrats specifically that stopped oversight of Fannie Mae and Freddie Mac in 2003. The damage could have been limited significantly.

The key difference is those Democrats are are still in power. I do not blame Democrats in the least. It is a compliant media that has deliberately ignored the issue.


On Jan 20 03:16 PM jamookey wrote:

> Gee,I hate to point this out,but the republicans have held the house
> from '96 to '06 and the senate for most of that time.They chaired
> every finance commitee,they held all the key positions in banking,the
> SEC,etc.To say they are no responsible is to say Clinton never cheated
> on his wife.Every time Greenspan tried to warn of excesses in lending
> practices,the Bush administration(includi... the president himself)kept
> touting the wonders of home ownership.Whether you can afford it or
> not.Yeah,the Dems should have made more noise before the bubble burst,but
> I'm sure they were more than happy to have George jr. hang himself.When
> Jr. took office Clinton left him a surplus of 1 trillion bucks.Within
> two years,we had deficits.Democrats to blame?maybe...

Watch for Yourself: 60 Minutes Oil Story Was Spot On

Reading through the chain and some other articles, the 60 minutes story had some truth and some blatant lies.

Oil was part of an increase in commodities in general and also was likely overstated in the futures arena.

But the bottom line is......dictated by spot prices where actual deliveries are taking place. The answer is to show that Oil futures were completely out of line with the trend in spot prices. Comparatively we are all just venting and blowing smoke.