Everyone enjoy the fireworks tonight. I'm stuck watching my aunt's house while the hillsides burn behind it instead of being down at the beach watching the fireworks. Kind of exciting, but not in the way I was planning on.
I feel the SubPrime era was marked by the regular occurrence of bald men, and facial hair that is not called a beard but something hair-like as in a fur donut around the lips; there was also a high increase in men with pierced ears and a generational move towards destroying skin with tattoos.
I give you an example of a subprime realtor: QBN - Beards
As a sociology analysis, I would suggest that these are the quintessential neocons that will rule the world in 2525 -- " If woman can survive"
There's nothing like 4th of July fireworks shot from boats into a low-lying fog layer covering San Francisco bay, reducing the patriotic display to a series of weak blurry colors. But they do it anyway.
Don't like U.S. accounting rules and regulations - too stringent? Tired of having to keep your consulting and accounting clients separate? Simply afraid of what you'll have to put on that balance sheet next month? Try this:
Those are cool, Rhodesian...AZ. I was getting into the Intro to Chinese description, thinking I should really do that, but I noticed they're all old courses, from 2002 through 2006. If you find out where the current ones are, would you let us know? I'll go hunting, too.
How can this be posted @ 9:33? I thought you were in Irvine, CA 9261, and isn't it now just going on 8:32??? Are you mobile?
Anonymous | 07.04.08 - 11:38 pm | #
I thought we agreed-space and time are no barriers for the awesomeness that is CR!,...er,...only green remnants from the planet Haloscan can weaken CR. (gold and red fragments have other effects.)
If you are interested in free classes then I would also check out iTunes U. UC Berkeley and Stanford seem to have by far the best selection.
For example, Philosophy 7 from Cal is pretty interesting, for those who always wanted to understand Kiekegaard. And Stanford has a good class on Virgil's Aeneid.
You know what they say, if you can't keep the house might as well sell the closet doors. If you could sell used paint I'm sure there'd be a run on scrapers.
That's why we decided to leave the ferry terminal and head back to the hotel. My wife and I had hopes of experiencing another fantastic SF fireworks display like the one we saw 12 years ago in which the fog was minimal. This week's thick fog made the decision easy as did the fogged in fireworks after the Wednesday night Giants game. Swimming in the hotel indoor pool proved to be a winner with our youngest.
Best,
Matt
PS Do Giants fans ever get tired of Journey? Heard more of them since high school. At least some of the younger fans knew enough to make fun of it.
The BS folks are claiming they were murdered by Hedge Funds or nefarious short players, while other observers think BS was a victim of it's own hubris & complex derivatives.
Either way, there is no regulation, and taxpayers are bailing out Wall St.
from burnside's post... [Note too that the Baltic Dry Index measuring freight rates for coal, corn, grains and such has dropped 23pc over the last month]
BULLISH!
Nevertheless, I'm getting a little concerned that this latest declne is getting long in the tooth. Markets never go straight down. What I can't come up with is a catalyst for a bounce. It's possible that we could see some earnings surprises, where they come in slightly better than reduced estimates, but guidance should be a killer anyhow ?
Do we go south all summer ? Seems unlikely. We are due for a short covering rally...
Of course, no one can predict what the catalyst will be when and if Mr. Market puts on his bull goggles.
I'm just looking at the reversals starting a couple of weeks ago in the ag favorites and the way the metals complex was taken apart the last few days. The catalyst might be an easing of some of these commodity pressures.
Looking at the pharmas on the long side. More gut than chartism, though I do like that island in GSK.
FFDIC writes:
WSJ
The Credit Crisis Is Going to Get Worse
Thanks for the link.
Am going to stick me neck out and say that the coming start of the trading week will result in a down day for equities.
Thinking it will sink in that the fact of the day is that Trichet has actually raised rates despite all the spin from the media that he'll stay put from now on. So there, looking for markets to go down.
3 weeks ago the SP400 MID index was up 325% from 1998 (or 225% from Q1 '04). How permanent a bottom or how much of a bounce are we considering in an index that has risen 325% and is now down 9%?
It's corollary "it is your money they are not going to let you have it." Deflation in assets, inflation in commodities and there is a pipline from the storeoom of our supposed savings going out the back window. The story always ends with the line "The middle class was devastated."
Especially in light of the recent rent-incentives story in the times (which can be bolstered mightily by a simple "one month free" search on nyc craigslist)
Company providing data to Bloomberg is Reis Inc., which bills itself as "impartial" on its homepage, but last year merged with Wellsford properties, a real-estate developer that (surprise!) builds rental apt. buildings:
Also no info on how Reis collects its data on the site. In the boomingest year - 2005- nyc govt/census reports vacancy rate was 3 pct (this is well before the deluge of condos-turned-rentals went). And reporting any vacancy data in the city is a bit frought, since Manhattan and Brooklyn don't participate in MLS.
I bet there are going to be a lot of backlash reports like this trying to prop up the mkt. Especially because the financial media keep unquestioningly reprinting these firms' press releases.
Alo,
I noted that in the previous thread...did you notice the "no apartments in the pipeline" remark? As if these folks have not heard of condo towers turning into rentals, or frustrated sellers renting out their SFRs, or broke folks doubling up with friends or family.
I couldn't figure what the point of such a silly report could be...propping up the apt. market is as good as any.
In my nabe, 86/West End, they're still pouring the foundation for a "Prewar 21st Century Condo"...that's the ad logo.
Maybe they got the memo on Iran early.
Federal Reserve Bank of Kansas City\tLocation:\t
Job Description
Job ID: 1433
Position Title: Research Associate II
Working Location: Denver, CO
Employment Status: Full-Time Regular
Required Experience: 1 year
Required Education: Bachelors Degree
Travel Required: 0%
Job Description
Assists senior staff in preparing policy-briefing material for Bank's president and senior Bank management. Collects, assembles and verifies economic data and charts for pre-Federal Open Market Committee (FOMC), Board of Director and Executive Committee meetings.
Assists senior staff on moderate to complex research projects by performing advanced econometric and statistical analysis and writing computer programs.
Writes reports and co-authors articles for Bank publications such as the Economic Review and The Main Street Economist.
Makes speeches to civic and educational groups on various economic issues.
Serves as the secretary at branch Board of Director meetings.
Develops and tracks own performance with respect to key objectives and behaviors for the job with assistance from the supervisor.
Oh well, fried, at least they have moved the shady statmaking to rentals instead of sales. But really, Bloomberg ought to either pull the piece or prominently mention the potential conflict in the story -that Ries Inc. develops real estate, including apartment rental bldgs. And that its figs. cannot be independently verified. I also believe that rentals in many bubble states - Calif, Fla, Az, NV, have gone down rather than up. Too much inventory.
That building on 86th and WE is "pre-war 21st century living"
I must admit I've been pretty intrigued by the vapidity of the slogan. It's hard to think of something that means less, but seems to promise more. In any case, I'm hoping to pay pre-war prices when it finally hits the market.
rcryan,
i've got to walk the dog so I'll check if i've screwed the logo...you are probably right. That building is funny...they have applied for permission to add more floors...I think they're nervous about getting enough money out of the thing, so more floors, more apts., but at possibly cheaper prices.
The 2 townhouses on WE at 84 that Sackman owns, and wants to knock down to build another tower...
plans apparently now on hold.
Do you remember where you were at during that fateful moment?
I was on an exercise bike in the gym. You could feel the electricity in the air. Something great had just happened. Like the formation of our Republic and our pursuant Liberty... but slightly different. This one just required a little deference to the corporate ideal. A small compromise for the riches.
Everyone getting ready for the fireworks?
10,000th!
Happy 4th! Waiting for fireworks of a nonfinancial kind. lol typed firewords
I thought that said porno...
Everyone enjoy the fireworks tonight. I'm stuck watching my aunt's house while the hillsides burn behind it instead of being down at the beach watching the fireworks. Kind of exciting, but not in the way I was planning on.
5 Visitors Online
We can do it, we can make a difference!
What is the topic here anyway?
Actually the promo is fun CR! Thanks for the laugh, I hope I learn new ways to protect myself..
Mr Dow is up 1.2% pa since 1999.
Mr Dollar is down a bit since then.
Then again, adding Microsoft and B of A to the Dow may not have been the smartest move.
Here IS a prediction for just that Video - CNBC.com
How can this be posted @ 9:33? I thought you were in Irvine, CA 9261, and isn't it now just going on 8:32??? Are you mobile?
Now I'm really confused, my post comes up as 11: 38 and you posted @ 9:33, and ahhh, hmmm, these little details seem unusual...
Happy 4th all:
Music Video | X | 4th of July
btw... if the only place I can find the vid I'm looking for is VH-1 does that mean I'm getting old?
Yamada-chan made a good call February.
Money quote:
"I'd rather be out of this market wishing I was in it than in it wishing I was out".
Dow went 8% from that broadcase but is now down 8% from that broadcast, taking out the March lows of course.
I love TA.
Gawd. Discovered that Lexis has mortgage information and now I'm spending 4th of July looking at the underwater carnage...
I feel the SubPrime era was marked by the regular occurrence of bald men, and facial hair that is not called a beard but something hair-like as in a fur donut around the lips; there was also a high increase in men with pierced ears and a generational move towards destroying skin with tattoos.
I give you an example of a subprime realtor: QBN - Beards
As a sociology analysis, I would suggest that these are the quintessential neocons that will rule the world in 2525 -- " If woman can survive"
YouTube -
Ame
There's nothing like 4th of July fireworks shot from boats into a low-lying fog layer covering San Francisco bay, reducing the patriotic display to a series of weak blurry colors. But they do it anyway.
Don't like U.S. accounting rules and regulations - too stringent? Tired of having to keep your consulting and accounting clients separate? Simply afraid of what you'll have to put on that balance sheet next month? Try this:
Accounting Plan Would Allow Use Of Foreign Rules - NY Times
Sorry if this has already been posted by someone.
Fellow nerds,
Check this out... free MIT classes
I'm definitely going to get my learn on this weekend.
Free Online Course Materials | MIT OpenCourseWare
Those are cool, Rhodesian...AZ. I was getting into the Intro to Chinese description, thinking I should really do that, but I noticed they're all old courses, from 2002 through 2006. If you find out where the current ones are, would you let us know? I'll go hunting, too.
On looking at it again, I think the dates just show when they put this material on-line, and you can use it anytime. Even cooler.
That dude @ MIT looks so inscrutable, is this stuff safe?
How can this be posted @ 9:33? I thought you were in Irvine, CA 9261, and isn't it now just going on 8:32??? Are you mobile?
Anonymous | 07.04.08 - 11:38 pm | #
I thought we agreed-space and time are no barriers for the awesomeness that is CR!,...er,...only green remnants from the planet Haloscan can weaken CR. (gold and red fragments have other effects.)
If you are interested in free classes then I would also check out iTunes U. UC Berkeley and Stanford seem to have by far the best selection.
For example, Philosophy 7 from Cal is pretty interesting, for those who always wanted to understand Kiekegaard. And Stanford has a good class on Virgil's Aeneid.
MERRILL IN TALKS TO SELL ITS BLOOMBERG STAKE
Bloomberg Stake Said To Be Up For Sale - NY Times
Nice, blatant ad for selling off the palm trees in the ground before foreclosure.
craigslist | Page Not Found
Of course, I'm sure he's going to give the proceeds to his lender, right?
but I noticed they're all old courses, from 2002 through 2006
uh, I don't think Chinese has changed that much in the interim.
Nice, same guy is selling the closet doors out of the same house in foreclosure:
craigslist | Page Not Found
You know what they say, if you can't keep the house might as well sell the closet doors. If you could sell used paint I'm sure there'd be a run on scrapers.
This video is disturbing on many levels, especially the part at the end where Brian William's lip quivers into an arrogant smirk.
Re: " thought we agreed-space and time are no barriers for the awesomeness that is CR!"
What about holidays?
RhodesianRidgebackinAZ, thank you for the link to MIT's free online courses. Looks like a ton of free content.
With Plenty To Do, Congress Takes Vacation
Congress Has Failed To Pass Bills Dealing With Nation's Mortgage, Energy Crisis But Go On Recess Anyway
With Plenty To Do, Congress Takes Vacation - CBS Evening News - CBS News
They promised to stay, then promptly left with unfinished business.
It was just another blow to Americans hit by the mortgage crisis - tens of thousands of them spending the holiday barely hanging on to their homes.
Congress hasn't done any better on the energy crisis.
El Cliffo,
That's why we decided to leave the ferry terminal and head back to the hotel. My wife and I had hopes of experiencing another fantastic SF fireworks display like the one we saw 12 years ago in which the fog was minimal. This week's thick fog made the decision easy as did the fogged in fireworks after the Wednesday night Giants game. Swimming in the hotel indoor pool proved to be a winner with our youngest.
Best,
Matt
PS Do Giants fans ever get tired of Journey? Heard more of them since high school. At least some of the younger fans knew enough to make fun of it.
Some interesting stuff from Jim Rogers:-
YouTube - Commodity Guru Jim Rogers
Enjoy.
Some interesting stuff from Jim Brown:
YouTube -
Huh? Where the comments go?
Bear Stearns collapse, Vanity Fair
http://www.vanityfair.com/politics/features/2008/08/bear_stearns200808?printable=true¤tPage=all
tg:
Thanks for the BS article.
YW BB
Interesting VF article on the 'murdrer?' of BS.
The BS folks are claiming they were murdered by Hedge Funds or nefarious short players, while other observers think BS was a victim of it's own hubris & complex derivatives.
Either way, there is no regulation, and taxpayers are bailing out Wall St.
Free Markets!
Ambrose Evans-Pritchard: Is global shipping slowing drastically?
Is global shipping slowing drastically? – Telegraph Blogs
CNBC's 'Nasdaq 5000' party was one of the great media contraindicators of all time.
They're cheerleaders because they know which side their bread is buttered on. At the bottom in 2002, CNBC was nearly pulled off the air.
It's not a vast bullish conspiracy, merely an unfortunate confluence of interests.
WSJ
The Credit Crisis Is Going to Get Worse
The Credit Crisis Is Going to Get Worse - WSJ.com
from burnside's post... [Note too that the Baltic Dry Index measuring freight rates for coal, corn, grains and such has dropped 23pc over the last month]
BULLISH!
Nevertheless, I'm getting a little concerned that this latest declne is getting long in the tooth. Markets never go straight down. What I can't come up with is a catalyst for a bounce. It's possible that we could see some earnings surprises, where they come in slightly better than reduced estimates, but guidance should be a killer anyhow ?
Do we go south all summer ? Seems unlikely. We are due for a short covering rally...
Yeah, barely, with you on that. I was proud of myself for holding as long as I did, but now I'm covered and slightly net long here.
Oscillators are as oversold as January and March.
Dennis Kneale on air saying the market was lousy and the economy was horrible.
And, of course, here's your Barron's cover story for the week:
The Bear's Back - Barrons.com
Of course, no one can predict what the catalyst will be when and if Mr. Market puts on his bull goggles.
I'm just looking at the reversals starting a couple of weeks ago in the ag favorites and the way the metals complex was taken apart the last few days. The catalyst might be an easing of some of these commodity pressures.
Looking at the pharmas on the long side. More gut than chartism, though I do like that island in GSK.
Forstmann
""I think we're in about the second inning of this"
7'5'08
FFDIC writes:
WSJ
The Credit Crisis Is Going to Get Worse
Thanks for the link.
Am going to stick me neck out and say that the coming start of the trading week will result in a down day for equities.
Thinking it will sink in that the fact of the day is that Trichet has actually raised rates despite all the spin from the media that he'll stay put from now on. So there, looking for markets to go down.
We're friggin' Wile E. Coyote who's about to look down.
Cheers,
3 weeks ago the SP400 MID index was up 325% from 1998 (or 225% from Q1 '04). How permanent a bottom or how much of a bounce are we considering in an index that has risen 325% and is now down 9%?
Goldman Sachs lowers estimates on 40 European banks
Yahoo! 404 - Page Not Found
That'll teach Trichet to raise rates.
Enjoy some of these for a change :-
http://img.timeinc.net//time/cartoons/20080704/cartoons_07.jpg
http://img.timeinc.net//time/cartoons/20080627/cartoons_08.jpg
http://img.timeinc.net//time/cartoons/20080627/cartoons_03.jpg
http://img.timeinc.net//time/cartoons/20080613/cartoons_03.jpg
http://img.timeinc.net//time/cartoons/20080606/cartoons_04.jpg
You paid for it but they ain't going to let you have it.
http://www.comcast.net/articles/news-general/20080705/Benefit.Battles/
It's corollary "it is your money they are not going to let you have it." Deflation in assets, inflation in commodities and there is a pipline from the storeoom of our supposed savings going out the back window. The story always ends with the line "The middle class was devastated."
OT (but may interest ny'ers here):
Bloomberg has this report on apt vacancy rate in Manhattan, which doesn't pass the smell test:
U.S. Apartment Vacancies Rise on Concern Over Wages (Update1) - Bloomberg.com
Especially in light of the recent rent-incentives story in the times (which can be bolstered mightily by a simple "one month free" search on nyc craigslist)
Company providing data to Bloomberg is Reis Inc., which bills itself as "impartial" on its homepage, but last year merged with Wellsford properties, a real-estate developer that (surprise!) builds rental apt. buildings:
SNL Financial - Sector Focused Business Intelligence
Also no info on how Reis collects its data on the site. In the boomingest year - 2005- nyc govt/census reports vacancy rate was 3 pct (this is well before the deluge of condos-turned-rentals went). And reporting any vacancy data in the city is a bit frought, since Manhattan and Brooklyn don't participate in MLS.
I bet there are going to be a lot of backlash reports like this trying to prop up the mkt. Especially because the financial media keep unquestioningly reprinting these firms' press releases.
Alo,
I noted that in the previous thread...did you notice the "no apartments in the pipeline" remark? As if these folks have not heard of condo towers turning into rentals, or frustrated sellers renting out their SFRs, or broke folks doubling up with friends or family.
I couldn't figure what the point of such a silly report could be...propping up the apt. market is as good as any.
In my nabe, 86/West End, they're still pouring the foundation for a "Prewar 21st Century Condo"...that's the ad logo.
Maybe they got the memo on Iran early.
Federal Reserve Bank of Kansas City\tLocation:\t
Job Description
Job ID: 1433
Position Title: Research Associate II
Working Location: Denver, CO
Employment Status: Full-Time Regular
Required Experience: 1 year
Required Education: Bachelors Degree
Travel Required: 0%
Job Description
Essential Skills (non required, just wing it)!!
Oh well, fried, at least they have moved the shady statmaking to rentals instead of sales. But really, Bloomberg ought to either pull the piece or prominently mention the potential conflict in the story -that Ries Inc. develops real estate, including apartment rental bldgs. And that its figs. cannot be independently verified. I also believe that rentals in many bubble states - Calif, Fla, Az, NV, have gone down rather than up. Too much inventory.
Rental prices have gone down that is. # of rentals up. Gotta go now and apply for that Fed job..
Time for an oversold bounce in this antique.
Fried-
That building on 86th and WE is "pre-war 21st century living"
I must admit I've been pretty intrigued by the vapidity of the slogan. It's hard to think of something that means less, but seems to promise more. In any case, I'm hoping to pay pre-war prices when it finally hits the market.
rcryan,
i've got to walk the dog so I'll check if i've screwed the logo...you are probably right. That building is funny...they have applied for permission to add more floors...I think they're nervous about getting enough money out of the thing, so more floors, more apts., but at possibly cheaper prices.
The 2 townhouses on WE at 84 that Sackman owns, and wants to knock down to build another tower...
plans apparently now on hold.
Do you remember where you were at during that fateful moment?
I was on an exercise bike in the gym. You could feel the electricity in the air. Something great had just happened. Like the formation of our Republic and our pursuant Liberty... but slightly different. This one just required a little deference to the corporate ideal. A small compromise for the riches.