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Thanks, Tanta, but I see absolutely no parallels between that era and now.
Now if you'll excuse me, I have to arrange for more leverage to make my stock purchases because I have been losing money in my Florida real-estate venture.
My only question is - "whose head was that superimposed on the robed woman, and what does it mean?"
I guess that's two questions.
Happy Sunday! (it's Saturday.) Argh!
Back to bed...
I have to go put a $5 soy latte on my visa
Sweet choice, Tanta thanks!
here's an accompanying blast from past -Housing bubble vs Great Depression:
YouTube - Housing Bubble vs. Great Depression
giacutter's right - we have complex risk transfer mechanisms and sophisticated statistical pricing models now. No way we could get a crash!
Since Sebastian is not here, I'd just like to tell you all that this video is proof that house prices have bottomed and sub-prime is some kind of cut of steak or something that cannot affect Real Estate and if you can't understand that, then I can't help you.
lol .... now that's entertainment
If only they had invented home equity lines of credit they could have avoided a recession just like us.
This is my favorite kind of music from the 1920s:
YouTube -
Fed's Yellen-downturn in U.S. economy possible
Fed's Yellen says U.S. economic downturn possible
| Reuters
"I'd like to highlight three risks to the global economy. the first pertains to the U.S. economy, itself, where there is potential for a downturn that could have major spillover effects around the globe" she said.
It was scratchy. Not Itchy and Scratchy, just scratchy.
But it was modern.
What was it?
I admit it. I didn't go to YouTube to find out. I'm feeling fat.
Roughly 7% of homeowners have negative equity:
http://data.nationalmortgagenews.com/columns/hearing/
Does anyone estimate the historical trends of negative equity?
Actually, this is my favorite song from the 1920s:
YouTube -
For another clue into the true health of the RE market, check out "'Up' Zips" at:
http://www.viewfromsiliconvalley.com/id325.html
Thanks!
20s?!?! Ugh! I only know one song from the 20s
Bailout Instead
Have you heard Ranieri Lew?
At the Milkin Institute
Explainin' the MBS affair
Subprime standards in the air
High interest and loan impairments
Recasts, and ARM adjustments
Losing every dime
It really should be a crime
Agency coupons ignored, we wanted to make more
But there's no risk priced in that spread
Bailout instead
The system's too complicated, you might never get paid
When all the borrowers' loans reset.
Bailout instead
Congress, looking for victims (and some donations)
Hell, the country's already in the red
Bailout instead
If you're broke because you got stuck with a dud loan
It's not your fault, there's no need to fret
Bailout instead
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