"In its simplest and most basic interpretation, an uptrend is signaled when the 10-day moving average crosses above the 25-day moving average and the 25-day moving average turns up."
The Indicator signaled an uptrend on March 23.
"Conversely, a downtrend is signaled when the 10-day moving average crosses below the 25-day moving average and the 25-day moving average turns down."
The Indicator signaled a downtrend today.
Based on some study of the Indicator's past successes and failures, it has been somewhat more accurate in sustained bear markets (like now) than bull markets. And its most accurate signals come after strong, sustained moves in one direction or another, like now. It confirms to me that bearish days probably lie ahead, and the drop could get step over the next few weeks.
I wrote another part for my CR inspired story "American Apocalypse."
sample
...The kid had good ears. I heard it about 2 seconds later. Bicycles. They moved past us. Two men and a women. Each on a bike towing a carrier. The carriers looked homemade except for one that was a kid carrier. No kids in it that I could see. All three were white. One of the males was wearing a tie dye shirt, which told me a lot about them. The woman was not bad looking. Her brown hair was in a pony tail that bounced along behind her...
one would think that indicator is also going to point to weak oil, strong dollar, falling commodities, and rising treasuries (lower yields)....yay, housing bounces back...REFIIII party!!!!
What is meant by "other single family loans"? It would appear that the loans considered to have negative amortization potential to be decreasing from 2005 - 2008, but this "other" category increasing. A loan has neg-am potential, or it doesn't...what else is there? Negative amortization certainty?
Lucifer, unfortunately no. There was risk layering and excessive concentration in risky products (subprime, Option ARMs) at a number of banks and S&Ls.
Of course the worst problems were with loans originated by loosely regulated mortgage lenders (not banks) and then securitized by Wall Street; think New Century plus Bear Stearns.
That's a great find Bond Girl. Somebody should take that structure and run with it -- why hell, you might even be able to apply it to resi mortgages. What was that thingie Bear Stearns was trying to sell before they blew up? The pitch went something like "Our AAA rated floor sweepings will taste like filet mignon to you, Mr. or Ms. Retail Investor".
Totally OT.I am broke and 55 years old.But,I am fit,have all my hair and all my teeth,can hold an intelligent conversation and genuinely like women.And good grief do they like older fit men.I wish I had had half the opportunities I do now when I was in my early 20's.A wealthy and beautiful retired Ballet Dancer tonight,,age 36,thank you god.
"
* this information is provided to assist real estate professionals only and is not intended for distribution or for use by the general public.
"
one scandalous disclosure under advertised interest rates, ROFL. now it is time to wait for saturday, get drunk and make some prank calls ... if only i were younger.
worried at all about commodities being dragged down with equities? my dba has had a rough week as the market topped...
Honestly, I'm not that worried about commodities. I expect some near-term volatility. But I'm holding DBA, DBB and big oil stocks and ETFs for the long term, along with gold, silver and miners.
I did sell AA and FCX, as they've run up too far, too fast and would be vulnerable in a steep market downturn.
It's possible oil stocks like XLE, COP and BP could also be vulnerable. But I'm willing to find out.
I like the combination of the oils long and EFZ, RWM, PSQ and EUM short.
If the market starts heading south, wouldn't it breathe new life into long treasuries?
Well, maybe. But it would be like trying to bring back a guy who drowned and has been under for a couple of hours, and who smoked 3 packs a day for 20 years. I'm not selling any TBT until the long bond hits at least 5.5%. No how. No way.
Not unless Obama stops spending and Cali goes into the green.
OT-
Those loan officers on that Ad should have made some serious cash! I new the bubble was blowing up big time when I ran into a tall-german-korean hottie I used to know in 06, she was banking big money as wholesale/broker acct executive for New Century. Good looks and goofy.
She was a fun party girl who was much better telling you why a pisces moon moving thru your astrological sign would bring you happiness, than quote a program rate sheet and participation daily to high ego brokers. She was easy on the eyes though!
How many times can we earn fees on the same POS loans?
Until the last moron is penniless. If you're going to eat popcorn while watching it all happen, you'd better schedule some gym time too, because it's obviously going to take a while.
largely agree, though i really dislike anything with a dependence on industrial activity (copper, crude) relative to the aggie stuff and everyone's favorite squishy yellow metal.
i might buy a few 100 shares of qid if the nas rallies hard tomorrow.
I'd say 4.5% is the ceiling until inflation takes off. A 15-20% decline or about I trillion dollars out of the market into treasuries would sure bring down those rates. At least temporarily.
"worried at all about commodities being dragged down with equities? my dba has had a rough week as the market topped..."
let me remind you guys that commodities are much more volatile than fix income (bonds.) Also in the last 100 years prices for commodities were rising to a lesser degree than other asset classes (or commodities in the last 10 years.) In addition, having larger than 10% share in your portfolio, might actually decrease the RISK adjusted return, which is contra- productive. While commodities might be a decent inflation hedge, the time frame of when will inflation kick in, is a trillion $ question right now. And final point, there was a study that has shown that commodities within the index perform better than the same assets held individually.
p.s. just illustrating the obvious, & not giving any investment advice. Invest at you own risk. : )
U.S. Says Treasury Bonds Seized in Italy Are Fakes
"U.S. government bonds found in the false bottom of a suitcase carried by two Japanese travelers attempting to cross into Switzerland are fake, a Treasury spokesman said."
“They’re clearly fakes,” said Stephen Meyerhardt, a spokesman for the U.S. Bureau of the Public Debt in Washington. “That’s beyond the fact that the face value is far beyond what’s out there.”
Downey's behavior wasn't unique, but they were definitely one of the poster children, really high LTV's, no docs, etc. They made FirstFed look responsible.
The killer is that they were an obvious case of a bank headed to to the bottom and for a long while their stock held up. It actually rose for a while at the same time their nonperforming loans were leaping 100 basis points a month. For one thing, the great moron Jim Cramer was talking them up all the way down. How in the world does that guy maintain an audience?
I made money on my Downey puts twice, but it was slow going. That episode showed me how being short is 1,000 times more difficult than being long.
The regulators' fault????
What a dishonest, simpering excuse. Weren't adults running the store? Or are all bankers and financiers simply irresponsible morons without guidance?
OT:
Sing us a song, you're the piano man.
Sing us a song tonight.
NEW YORK (AP) -- Billy Joel and wife Katie Lee are confirming a split.
In a statement, the pair said that they remain "caring friends with admiration and respect for each other." They got married five years ago at Joel's mansion on New York's Long Island.
Hey they deserve more scorn than we can possibly heap upon them here on hoocoodanode. When I think of how much bank they must have made throwing out garbage loans, calling themselves officers, it makes me want to puke. All I can do is hope that they were also stupid enough to be investing in victorville and the likes, cashing out equity and are now BK. Scum, the whole lot of em.
And changing this failed Federal regulator for a new Federal regulator is going to change anything?
Remove the Federal preemption of State law and force these beasties to follow the laws of the states in which they operate. I don't give a flying **** about efficiency, as we've seen the pernicious effect of regulatory efficiency. Let those of us in the regulatory community who actually have to face the people harmed by these institutions have the power to change their operations.
"let me remind you guys that commodities are much more volatile than fix income (bonds.)"
uh... thanks... they've also been my only consistent winner in the past 7 years... but, yeah, we didn't sleep through last summer. and i got a nice ride out of jnk in the first few months of the year, in terms of fixed income - which I love - at 15%+...
Remove the Federal preemption of State law and force these beasties to follow the laws of the states in which they operate. I don't give a flying **** about efficiency, as we've seen the pernicious effect of regulatory efficiency. Let those of us in the regulatory community who actually have to face the people harmed by these institutions have the power to change their operations.
rich,
Volatility? Personally I'll take the nice profits some of the commodities have given me than hold on underwater through volatility. Besides; if I'm holding onto those profits in cash; and the dollar is having some strength (short term); I don't see pain in that...
OT-That's weird. I got kicked off the desktop and fired up the laptop and the Chip In went down to $2420 from $3998. Well, it may be my fault, but I'm not making up the difference.
On that Hempton piece- When economists (I know John isn't one) think about how budgeting is actually performed to match expected liabilities, the dismal art with take a giant leap closer to becoming a "science". To borrow a metaphor from EHP, the money supply isn't a vast lake which rises and falls equally, everywhere. It moves around unequally, determined by a topography that we haven't successfully mapped.
It hasn't changed afaik. The post is a description of the pig's origins. And yeah, hard, which is why I bring it up - probably best to refer to that post.
June 18 (Bloomberg) -- Colonial First State, Australia’s biggest asset manager, may seek an alliance with a hedge fund to offer customers a strategy capable of profiting in rising or falling markets.
The manager of about A$130 billion ($103 billion) has A$4 billion of client money in five boutique funds. Sydney-based Colonial started the alliance business in 2002 to broaden the range of strategies offered and has tie-ups with firms such as the Al Gore-backed Generation Investment Management LLP.
.."Colonial distributes the Generation Wholesale Global Sustainability Fund, managed by the firm chaired by Gore, the former U.S. vice president and climate campaigner. Generation IM invests in companies that follow socially responsible guidelines in the expectation that they will report better returns"..
I put the no-glossary markers on the first one, but the second one doesn't have them (unless I really got confused somehow -- possible, I admit). (edit: looks fixed to me!)
June 17 (Bloomberg) -- Here’s a plan to rescue Starbucks Corp.: Stop focusing so much on the U.S. and other developed markets.
Americans who used to take breaks at the mall by indulging in $4 lattes don’t do much recreational shopping these days. People who relied on double-shot espresso macchiatos for a jolt before work either lost their jobs or worry they’re about to.
June 16 (Bloomberg) -- If you are saving for college in a 529 plan, you probably took a bigger hit than you expected during the 2008 market crash.
What should you do now? Keep the plan or dump it?
My opinion: Stay in the 529 world but in a smarter way. These plans, run by the states, can be a great, tax-saving way to put aside money for college. You invest with after-tax dollars but the earnings are tax-free if they are used to pay for higher education.
The system only attributes the first reference (which, I guess in your case confused it). I could change that, now that it's not generating the underlines in the text.
Six more Starbucks are going to close in the O.C. this week, and the closest one to where I work is slated to close soon but no date posted yet. McDonalds is killing Starbucks for cheap schmucks like me. I love McCafe!
TomStone - Congratulations! We're happy for you.
rich - thanks very much for the indicators and the brass conviction on your TBT. Someone has to make money on that one. Right there on the commodities.
As a home buyer I missed that whole no-documentation phase.
I remember thinking we could heat our new house for a couple of days with the paperwork we filled out in 1997.
Putnam to Open Age-Related Absolute-Return Funds, Reynolds Says Bloomberg.com
By Peter Woodifield
June 16 (Bloomberg) -- Putnam Investments LLC plans to start age-related funds this year that combine traditional stock-and-bond investments with targeted returns, Chief Executive Officer Robert Reynolds said today.
The new funds will raise the level of assets aimed at achieving fixed returns greater than U.S. Treasuries as an investor nears retirement, Reynolds said in an interview in central Scotland. Final details have to be worked out, he said.
Being a simple-minded html tagger, I figured no-glossary would work like bold. Am I being too bold in saying that I can't imagine it will matter much? (edit: and in case I haven't said it recently, a huge thanks to you for rescuing the comments from js-kit, and for kicking haloscan's ass).
Or you can just pay attention to WTF is going on in there in the first place. Granted, they don't make it easy since some of them limit you to one or two changes per calendar year, but if you pay attention...
Really good friends have their eldest going to a top national school and aren't even touching their 529 plan - they plan to leave it alone so that it hopefully recovers enough for the next two to use. It presently has less invested in it than when they started.
TomStone,
Yes.
Having a secure job, savings, locked in retirement, paid for home and a bit fit somehow makes a dufus like me an attractive catch.
I dated women much younger than myself till I figured out how old they would be when I would be 70. That did not look like a workable arrangement. So I married a woman only 11years younger. I also was looking for someone who did not have shopping as her major activity. I wanted someone strong enough to pull hard enough to trim the jib and hang out and hold the boat down in a blow. The ability to withstand cold wet and miserable and think it was fun were prime requirements.
Best of Luck to You
Higher education is another ponzi scheme.. talk about using one ponzi scheme to fund another ponzi scheme.
//Really good friends have their eldest going to a top national school and aren't even touching their 529 plan - they plan to leave it alone so that it hopefully recovers enough for the next two to use. It presently has less invested in it than when they started.//
nemo!
(finally, and now, may as well nail down 2nd too)
if it wasn't for you meddling kids.... (my carson 3/2 would still be worth 800K)
Was this risk taking behavior unique?
CR
It was a concentrated but calculated risk...
primary causes... ARM loans... drop in real estate
How much did we pay for this brilliance?
Man, I want some of the stuff that management was smoking....
Banks Gone Wild.
One tool that I've used to track market cycles is the CRB Stock Market Momentum Indicator.
You can read about it and download the data here: Stock Market Momentum Indicator
"In its simplest and most basic interpretation, an uptrend is signaled when the 10-day moving average crosses above the 25-day moving average and the 25-day moving average turns up."
The Indicator signaled an uptrend on March 23.
"Conversely, a downtrend is signaled when the 10-day moving average crosses below the 25-day moving average and the 25-day moving average turns down."
The Indicator signaled a downtrend today.
Based on some study of the Indicator's past successes and failures, it has been somewhat more accurate in sustained bear markets (like now) than bull markets. And its most accurate signals come after strong, sustained moves in one direction or another, like now. It confirms to me that bearish days probably lie ahead, and the drop could get step over the next few weeks.
worried at all about commodities being dragged down with equities? my dba has had a rough week as the market topped...
Why close down a bank for egregious financial behavior and reward the same or worse behavior with a Mulligan for the fortunate 19?
The Indicator signaled a downtrend today.
If the market starts heading south, wouldn't it breathe new life into long treasuries?
I wrote another part for my CR inspired story "American Apocalypse."
sample
...The kid had good ears. I heard it about 2 seconds later. Bicycles. They moved past us. Two men and a women. Each on a bike towing a carrier. The carriers looked homemade except for one that was a kid carrier. No kids in it that I could see. All three were white. One of the males was wearing a tie dye shirt, which told me a lot about them. The woman was not bad looking. Her brown hair was in a pony tail that bounced along behind her...
the story: afterthecrash.net
one would think that indicator is also going to point to weak oil, strong dollar, falling commodities, and rising treasuries (lower yields)....yay, housing bounces back...REFIIII party!!!!
What is meant by "other single family loans"? It would appear that the loans considered to have negative amortization potential to be decreasing from 2005 - 2008, but this "other" category increasing. A loan has neg-am potential, or it doesn't...what else is there? Negative amortization certainty?
"Why close down a bank for egregious financial behavior and reward the same or worse behavior with a Mulligan for the fortunate 19? "
Not big enough? They should have had dangerous levels of AIG insurance.
How did they ever come up with this idea?
Bank of America is Marketing Commercial Mortgage Debt
Bank of America Is Marketing Commercial Mortgage Debt (Update1) - Bloomberg.com
"Forth Estate" = Blogosphere
"wouldn't it breathe new life into long treasuries? "
it might, which is why i took some tbt gains off the table on friday
Sorry to quick-pig, but... this is just as Off-Topic here as anywhere.
Has anyone read John Hempton's take on rational inflation expectations and monetarism (eg the Policy Irrelevance Proposition)?
Seems like a reasonable case that monetary policy can be modeled with long and short term interest rate expectations, except near the zero bound... just read the wonkiness >:)
Bronte Capital: Mr Krugman and Mr Ferguson: a suggested interpretation (very long and ultra wonkish)
Is it reasonable?
Is it qualitatively useful... now that (nominal) interest rates are at 0?
-Comrade Joeblo
p.s.and my thanks for the glossary too.
Lucifer, unfortunately no. There was risk layering and excessive concentration in risky products (subprime, Option ARMs) at a number of banks and S&Ls.
Of course the worst problems were with loans originated by loosely regulated mortgage lenders (not banks) and then securitized by Wall Street; think New Century plus Bear Stearns.
best wishes
We need more regulation so the governtment can hire more lax regulators. That'll fix things...
That's a great find Bond Girl. Somebody should take that structure and run with it -- why hell, you might even be able to apply it to resi mortgages. What was that thingie Bear Stearns was trying to sell before they blew up? The pitch went something like "Our AAA rated floor sweepings will taste like filet mignon to you, Mr. or Ms. Retail Investor".
We need more regulation so the governtment can hire more lax regulators.
You clearly don't believe in Change. We'll send you to a re-education camp, then you'll believe in it.
Doen't the new Obama proposed regs do away with thrifts and OTS.
Think that Downy had any thing to do with this?
I went re-education camping last week, kinda redundant.
Synopsis: Downey incorrectly valued risk.
Everything else is the specific details of where and by how much they were wrong.
Totally OT.I am broke and 55 years old.But,I am fit,have all my hair and all my teeth,can hold an intelligent conversation and genuinely like women.And good grief do they like older fit men.I wish I had had half the opportunities I do now when I was in my early 20's.A wealthy and beautiful retired Ballet Dancer tonight,,age 36,thank you god.
Good thing the life insurance sector has CDS writers and markets exposing for all investors to see the risk perception of institutional bad behavior.
Hartford and Lincoln now smelling of roses...
Hartford, Lincoln Capital Infusions End ‘Fear Trade’ (Update3) - Bloomberg.com
If only banks like Downey had such rigorous market discipline to keep them on the straight and narrow.
C
"
... if only i were younger.
* this information is provided to assist real estate professionals only and is not intended for distribution or for use by the general public.
"
one scandalous disclosure under advertised interest rates, ROFL. now it is time to wait for saturday, get drunk and make some prank calls
I am going to invent and patent the "re-re-REMIC" and then retire.
Honestly, I'm not that worried about commodities. I expect some near-term volatility. But I'm holding DBA, DBB and big oil stocks and ETFs for the long term, along with gold, silver and miners.
I did sell AA and FCX, as they've run up too far, too fast and would be vulnerable in a steep market downturn.
It's possible oil stocks like XLE, COP and BP could also be vulnerable. But I'm willing to find out.
I like the combination of the oils long and EFZ, RWM, PSQ and EUM short.
Big solid real stuff long.
Flakey overvalued earnings-challenged stocks short.
Tom Stone. From SF to now - You have always been my hero
I think it is genius. How many times can we earn fees on the same POS loans?
and finally, let's all welcome the final chapter of the "credit crisis."
China risks trade suicide - Telegraph
let trade wars begin ! (whoever acts the last, loses the most - just look at us in the last 10 years... )
The Fed regional directors are appointed by the banks. (Right or Wrong?)
All this new regulation basically gives the FED the power to bailout any GE, hedge funds, REITs etc. Oh wait only if the Treasury "lets them"
Well, maybe. But it would be like trying to bring back a guy who drowned and has been under for a couple of hours, and who smoked 3 packs a day for 20 years. I'm not selling any TBT until the long bond hits at least 5.5%. No how. No way.
Not unless Obama stops spending and Cali goes into the green.
OT-
Those loan officers on that Ad should have made some serious cash! I new the bubble was blowing up big time when I ran into a tall-german-korean hottie I used to know in 06, she was banking big money as wholesale/broker acct executive for New Century. Good looks and goofy.
She was a fun party girl who was much better telling you why a pisces moon moving thru your astrological sign would bring you happiness, than quote a program rate sheet and participation daily to high ego brokers. She was easy on the eyes though!
How many times can we earn fees on the same POS loans?
Until the last moron is penniless. If you're going to eat popcorn while watching it all happen, you'd better schedule some gym time too, because it's obviously going to take a while.
S&P report on its bank downgrades, in case anyone hasn't posted it yet...
http://www2.standardandpoors.com/portal/site/sp/en/us/page.article/2,1,1,2,1204847582532.html
Regular popcorn popped in olive oil in a pot on a stove, and then sprinkled with sea salt is what i'm consumed by.
Tom S-
Enjoy, the best fisherman are the patient old guys..kind of like "the old man in the sea" with different ending
The Fed regional directors are appointed by the banks. (Right or Wrong?)
-- We all know how wonderfully self regulation goes. We'll get more warnings but no action...and we all see this is already a problem with OTS
largely agree, though i really dislike anything with a dependence on industrial activity (copper, crude) relative to the aggie stuff and everyone's favorite squishy yellow metal.
i might buy a few 100 shares of qid if the nas rallies hard tomorrow.
OT:
There is a "popcorn" episode on Mythbusters right now.
Synergy, man, synergy.
rich
I'd say 4.5% is the ceiling until inflation takes off. A 15-20% decline or about I trillion dollars out of the market into treasuries would sure bring down those rates. At least temporarily.
"worried at all about commodities being dragged down with equities? my dba has had a rough week as the market topped..."
let me remind you guys that commodities are much more volatile than fix income (bonds.) Also in the last 100 years prices for commodities were rising to a lesser degree than other asset classes (or commodities in the last 10 years.) In addition, having larger than 10% share in your portfolio, might actually decrease the RISK adjusted return, which is contra- productive. While commodities might be a decent inflation hedge, the time frame of when will inflation kick in, is a trillion $ question right now. And final point, there was a study that has shown that commodities within the index perform better than the same assets held individually.
p.s. just illustrating the obvious, & not giving any investment advice. Invest at you own risk. : )
Bond Girl --
They downgraded Wells Fargo? I missed that.
If this keeps up, Buffett may need to buy a controlling stake in McGraw Hill...
U.S. Says Treasury Bonds Seized in Italy Are Fakes
"U.S. government bonds found in the false bottom of a suitcase carried by two Japanese travelers attempting to cross into Switzerland are fake, a Treasury spokesman said."
“They’re clearly fakes,” said Stephen Meyerhardt, a spokesman for the U.S. Bureau of the Public Debt in Washington. “That’s beyond the fact that the face value is far beyond what’s out there.”
- Bloomberg.com
(A collective sigh...and groan...was heard in Japan)
U.S. Says Treasury Bonds Seized in Italy Are Fakes
mucho bandwidth, amigo
mucho bandwidth.
Some surprises in there, like banks not required to raise capital (USB).
And LOL @ Buffett and McGraw-Hill
Thanks CR for posting the names of these loan officers. They need to undergo public humiliation for their complicity in the pillaging of America.
If one of their names ever crosses my desk on a resume, it'll definitely be headed for the circular file.
Loan officers? You use that term RATHER loosely I dare say.
Downey's behavior wasn't unique, but they were definitely one of the poster children, really high LTV's, no docs, etc. They made FirstFed look responsible.
The killer is that they were an obvious case of a bank headed to to the bottom and for a long while their stock held up. It actually rose for a while at the same time their nonperforming loans were leaping 100 basis points a month. For one thing, the great moron Jim Cramer was talking them up all the way down. How in the world does that guy maintain an audience?
I made money on my Downey puts twice, but it was slow going. That episode showed me how being short is 1,000 times more difficult than being long.
The regulators' fault????
What a dishonest, simpering excuse. Weren't adults running the store? Or are all bankers and financiers simply irresponsible morons without guidance?
OT:
Sing us a song, you're the piano man.
Sing us a song tonight.
NEW YORK (AP) -- Billy Joel and wife Katie Lee are confirming a split.
In a statement, the pair said that they remain "caring friends with admiration and respect for each other." They got married five years ago at Joel's mansion on New York's Long Island.
are all bankers and financiers simply irresponsible morons without guidance?
Ladies and Gentlemen,
WE HAVE A CHICKEN DINNER WINNER!!!
"beautiful retired Ballet Dancer tonight,,age 36,thank you god. "
we have a date tonight? >; )
are all bankers and financiers simply irresponsible morons without guidance?
check the fotos on their ad, and draw your own conclusions
Ouch.
love it!!
Burn baby BURN!!
The economy is not going to get healthy until everything crashes hard and the junk gets shaken out.
Tear it DOWN!!
Hey they deserve more scorn than we can possibly heap upon them here on hoocoodanode. When I think of how much bank they must have made throwing out garbage loans, calling themselves officers, it makes me want to puke. All I can do is hope that they were also stupid enough to be investing in victorville and the likes, cashing out equity and are now BK. Scum, the whole lot of em.
And changing this failed Federal regulator for a new Federal regulator is going to change anything?
Remove the Federal preemption of State law and force these beasties to follow the laws of the states in which they operate. I don't give a flying **** about efficiency, as we've seen the pernicious effect of regulatory efficiency. Let those of us in the regulatory community who actually have to face the people harmed by these institutions have the power to change their operations.
"let me remind you guys that commodities are much more volatile than fix income (bonds.)"
uh... thanks... they've also been my only consistent winner in the past 7 years... but, yeah, we didn't sleep through last summer. and i got a nice ride out of jnk in the first few months of the year, in terms of fixed income - which I love - at 15%+...
Remove the Federal preemption of State law and force these beasties to follow the laws of the states in which they operate. I don't give a flying **** about efficiency, as we've seen the pernicious effect of regulatory efficiency. Let those of us in the regulatory community who actually have to face the people harmed by these institutions have the power to change their operations.
Ned:
You're preaching to the choir.
A big AMEN here.
NW
OT- can someone point me back to where Ken introduced the Glossary, which thread?
I'm sorry Ned, that would very seriously cut into their ability to make (edit: federal) campaign donations. Thus, it cannot be allowed.
@sdtfs:
Here is the comment from two threads back
Creed - Inside Us All
when they write the report on corus they can just going to do "find & replace": Corus for Downey, Construction for Option Arms.
Added: VenCo FB TANSTAAFL and TEOTWAWKI.
Obama Poll Sees Doubt on Budget And Health Care - NY Times
Some surprises in there, like banks not required to raise capital (USB).
Bond Girl : That is indeed interesting. I can think of only two reasons:
Wow, that glossary is out a sight. I'll throw in another two bucks if someone else will chip the other thousand in,...
Ken -
I think I discovered a glod bug in the glossary (glod bug, get it????). See the end of the previous thread (Merve the Swerve).
Isn't a re-REMIC a different name for a CDO? I seem to recall that those ended poorly.
rich,
Volatility? Personally I'll take the nice profits some of the commodities have given me than hold on underwater through volatility. Besides; if I'm holding onto those profits in cash; and the dollar is having some strength (short term); I don't see pain in that...
Do I understand that chart right? Even back in 2000 60% of their option ARMS were reduced documentation? Holy Cr@p.
Rob Dawg --
E OTWAWKI was already in there.
OT-That's weird. I got kicked off the desktop and fired up the laptop and the Chip In went down to $2420 from $3998. Well, it may be my fault, but I'm not making up the difference.
Downey Savings Reported Profit:
2004: $107 M
2005: $217 M
2006: $205 M
Everything was fine!
That glossary has real potential. Devil's Dictionary stylee.
C
nytol
/ok what just happened to the font size and Nemo's original comment just above?
"jastisement"-LOL
Who dares attempt an entry for "Mortgage Pig™"?
Go for it Rob Dawg. It is too sacred for me.
Who dares attempt an entry for "Jas"?
Oh it's in there, and already been edited from the last time I looked at it.
Heh. Thanks for the headsup. It also appears there's a problem with double quotes not being escaped.
OMG, it is.
That's so wrong.
from other gambling universes:
MLB Baseball Betting, MLB Odds, Baseball Lines at Bodog Sportsbook
the underdog wins almost every game today/tonight, in many cases big and against long odds...
making a living at sportsbook is tougher than being a short...
MLM, you playing with me? Did you put those no-glossary markers in there?
On that Hempton piece- When economists (I know John isn't one) think about how budgeting is actually performed to match expected liabilities, the dismal art with take a giant leap closer to becoming a "science". To borrow a metaphor from EHP, the money supply isn't a vast lake which rises and falls equally, everywhere. It moves around unequally, determined by a topography that we haven't successfully mapped.
Has anyone ever clicked on its homepage?
Jas in the glossary but no Sebastian?
I'm gonna have to go through the history and document "conjure's global meltdown clock"...
I've hit it once or twice...think it changed on me. Last time it was a link to one of Tanta's posts.
Speaking of a hard glossary entry to make...
It hasn't changed afaik. The post is a description of the pig's origins. And yeah, hard, which is why I bring it up - probably best to refer to that post.
Damn;
I didn't realize Ken Cooper ported over all of the comments from Haloscan into HCN!
Yes.. that would be Al Gore.
Colonial Seeks Hedge Fund to Join Gore, 452 in Alliance Stable
Colonial Seeks Hedge Fund to Join Gore, 452 in Alliance Stable - Bloomberg.com
By Malcolm Scott
June 18 (Bloomberg) -- Colonial First State, Australia’s biggest asset manager, may seek an alliance with a hedge fund to offer customers a strategy capable of profiting in rising or falling markets.
The manager of about A$130 billion ($103 billion) has A$4 billion of client money in five boutique funds. Sydney-based Colonial started the alliance business in 2002 to broaden the range of strategies offered and has tie-ups with firms such as the Al Gore-backed Generation Investment Management LLP.
.."Colonial distributes the Generation Wholesale Global Sustainability Fund, managed by the firm chaired by Gore, the former U.S. vice president and climate campaigner. Generation IM invests in companies that follow socially responsible guidelines in the expectation that they will report better returns"..
I put the no-glossary markers on the first one, but the second one doesn't have them (unless I really got confused somehow -- possible, I admit). (edit: looks fixed to me!)
Broward?
Women Sipping Espresso Signal Revved Economy: Alexandre Marinis
Women Sipping Espresso Signal Revved Economy: Alexandre Marinis - Bloomberg.com
Commentary by Alexandre Marinis
June 17 (Bloomberg) -- Here’s a plan to rescue Starbucks Corp.: Stop focusing so much on the U.S. and other developed markets.
Americans who used to take breaks at the mall by indulging in $4 lattes don’t do much recreational shopping these days. People who relied on double-shot espresso macchiatos for a jolt before work either lost their jobs or worry they’re about to.
The ponzi scheme must go on!
College-Savings Plans Don’t Need to Blow Up: Jane Bryant Quinn
College-Savings Plans Don’t Need to Blow Up: Jane Bryant Quinn - Bloomberg.com
Commentary by Jane Bryant Quinn
June 16 (Bloomberg) -- If you are saving for college in a 529 plan, you probably took a bigger hit than you expected during the 2008 market crash.
What should you do now? Keep the plan or dump it?
My opinion: Stay in the 529 world but in a smarter way. These plans, run by the states, can be a great, tax-saving way to put aside money for college. You invest with after-tax dollars but the earnings are tax-free if they are used to pay for higher education.
The system only attributes the first reference (which, I guess in your case confused it). I could change that, now that it's not generating the underlines in the text.
"a giant leap closer to becoming a "science""
that day will never come. "science" and completely political variables don't mix well.
Six more Starbucks are going to close in the O.C. this week, and the closest one to where I work is slated to close soon but no date posted yet. McDonalds is killing Starbucks for cheap schmucks like me. I love McCafe!
BTW, catch these links from ZeroHedge?
Fed Gets No Requests for First Round of TALF Loans to Buy CMBS
Fed Gets No Requests for First Round of TALF Loans to Buy CMBS - Bloomberg.com
State Income-Tax Revenues Sink
State Income-Tax Revenues Sink - WSJ.com
TomStone - Congratulations! We're happy for you.
rich - thanks very much for the indicators and the brass conviction on your TBT. Someone has to make money on that one. Right there on the commodities.
As a home buyer I missed that whole no-documentation phase.
I remember thinking we could heat our new house for a couple of days with the paperwork we filled out in 1997.
People still falling for this?
Putnam to Open Age-Related Absolute-Return Funds, Reynolds Says
Bloomberg.com
By Peter Woodifield
June 16 (Bloomberg) -- Putnam Investments LLC plans to start age-related funds this year that combine traditional stock-and-bond investments with targeted returns, Chief Executive Officer Robert Reynolds said today.
The new funds will raise the level of assets aimed at achieving fixed returns greater than U.S. Treasuries as an investor nears retirement, Reynolds said in an interview in central Scotland. Final details have to be worked out, he said.
Being a simple-minded html tagger, I figured no-glossary would work like bold. Am I being too bold in saying that I can't imagine it will matter much? (edit: and in case I haven't said it recently, a huge thanks to you for rescuing the comments from js-kit, and for kicking haloscan's ass).
Downey, what a bummer
ROTFLOL at Nemo being out of alphabetical order...
Ken that is priceless... thanks for the hardwork...
lucifer re 529 plans:
Or you can just pay attention to WTF is going on in there in the first place. Granted, they don't make it easy since some of them limit you to one or two changes per calendar year, but if you pay attention...
Really good friends have their eldest going to a top national school and aren't even touching their 529 plan - they plan to leave it alone so that it hopefully recovers enough for the next two to use. It presently has less invested in it than when they started.
Love them dearly, but good Christ...
TomStone,
Yes.
Having a secure job, savings, locked in retirement, paid for home and a bit fit somehow makes a dufus like me an attractive catch.
I dated women much younger than myself till I figured out how old they would be when I would be 70. That did not look like a workable arrangement. So I married a woman only 11years younger. I also was looking for someone who did not have shopping as her major activity. I wanted someone strong enough to pull hard enough to trim the jib and hang out and hold the boat down in a blow. The ability to withstand cold wet and miserable and think it was fun were prime requirements.
Best of Luck to You
added IGOTBICT
Higher education is another ponzi scheme.. talk about using one ponzi scheme to fund another ponzi scheme.
//Really good friends have their eldest going to a top national school and aren't even touching their 529 plan - they plan to leave it alone so that it hopefully recovers enough for the next two to use. It presently has less invested in it than when they started.//
HollywoodHack (homepage, profile) wrote (in reply to...) on Wed, 6/17/2009 - 11:14 pm
"a giant leap closer to becoming a "science""
that day will never come. "science" and completely political variables don't mix well.
real science like real business requires brutal honesty, willingness to experiment and a healthy measure of self-doubt.