Can You Tell The Difference Between a Thai Lady and a Thai Ladyboy?
You scored 9 out of 10 correctly (90%).
Congratulations! You're a champion ladyboy spotter.
The one I got wrong I got wrong the safe way, so I'm ready to chill with the duke.
Great more green shoots:
Hawaii tourism down 6.9% in May — not as bad as past 10 months
About 6.9 percent fewer visitors came to the Islands in May and spent $133 million, or 15 percent, less than a year ago, but industry leaders were encouraged that the decline in tourism seems to be slowing.
China Reiterates Call for New World Reserve Currency
China’s central bank renewed its call for a new global currency and said the International Monetary Fund should manage more of members’ foreign-exchange reserves, triggering a decline in the U.S. dollar.
So tell, what should be looking for with regard to the thumbs, an adam's apple?
Reshaping the hands is very painful and takes a long time, and I have not heard of anyone doing it. Men in general have thicker thumbs and fingers. But in general ladyboys are what we would call a third gender. They have their nitch and generally follow a strict set of rules within the society. Unlike subprime it is contained. Just most foreigners don't understand or have a clue.
We took down the USSR using finances. China is a fast learner.
They are stocking up on gold, oil and basic commodities. They hold a ton of our debt. it was anounced that shipping prices of China firms are going to double.
Our strenth has been our dollar and a safe haven, we are in deep, deep crap.
There have been bad housing markets before, but never in post-World War II history has the market for new homes suffered as badly as it has in this decline.
Is there a logical reason the portfolio is shrinking? Maybe just because the proportion of new loans that are conforming has risen so much?
China's hollering about a new reserve currency is complete nonsense. They hold all those US$ because they CHOSE to, there are no international rules about central bank's reserves. They chose to fix their currency to the dollar. If they want to sell their dollar assets they can.
broward,
now you're disturbing me ,,, not an easy thing.
Crying Game... compared to my girls... woof woof
think Kill Bill sans silly samurai swords.
when they come in they come in heavy....
People no longer care if the banks get paid back, there is a huge amount of anger out there as people are refused refis, or modifications, as they can't get loans, as credit card rates increase, as they figure out the loan they were asured would work out "somehow" goes south.
China's hollering about a new reserve currency is complete nonsense. They hold all those US$ because they CHOSE to, there are no international rules about central bank's reserves
They don't have much of a choice, what else are they going to do with all the dollars we gladly send them for lead painted toys, etc. They can only stock pile so much commodities, and gold has been over priced.
Just a silly question, but could the portfolio be shrinking equal to the number of bankruptcies that remove them through REO's?
That NYTimes piece on housing shows how much influence CR has. He first pointed out how differently the markets were performing a while ago, now in the past few days I've seen 3-4 people picking up on it.
never in post-World War II history has the market for new homes suffered as badly as it has in this decline.
Job market has gotten steadily suckier over the past sixty days or so.
This morning Monster.com and Jobs.com were down for at least 20 minutes.
I've never seen that before.
I am careful around Thai Police, I am very careful around the third gender. Different rules, and they do mean business. If only the SEC and FDIC would have the same set of balls. (OK I know it was a bad joke).
squidward (profile) wrote on Fri, 6/26/2009 - 11:51 am replyIgnore user2.5% delinquencies sounds kinda low, given the housing price declines...
Is it really only 2.5% ?
It could be that low due to the moritiorium on forclosures until May. It takes at least 90 days to get a property to the court house steps. If that is the case, the % will increase in the next few months.
squidward, this is the Freddie Mac portfolio - remember the GSE portfolios are much better than Wall Street or other lenders like WaMu, Wachovia (Golden West) or CountryWide. Those portfolios really stink.
Freddie and Fannie had plenty of problems, but their standards and loan quality were much better than most.
I guess I will just have to get out more....I guess its smart to have a lot of female acquaintances to get their opinion on prospects...when clubbing...I guess women are more perceptive than me...but thats no secret...I am as dumb as a brick...
The portfolio (I believe) is made up of non-conforming loans that are bought in the market. In 2003-2006 when conforming loans were only about 40% of loans, Freddie and Fannie increased their portfolios to make up for their lost share of business.
My guess is that now they probably aren't buying many since the non-conforming market has shrunk. As the old ones get paid off through refinancing, or are defaulted on, they aren't being replaced.
"Freddie and Fannie had plenty of problems, but their standards and loan quality were much better than most.
best wishes "
Either Freddie or Fannie (I can't remember which) bought in the hundreds of billions of loans that were initially run through Countrywide's automated acceptance system. If you google Countrywide and their automated underwriting acceptance under-writing system the level of fraud was astounding. Fannie and Freddie have no idea the level of dreck that was offloaded to them as conforming prime in name only.
I have been seeing a three to four month lag here in Hawaii between the initial foreclosure and the property being listed as an REO on the MLS. I have no idea what is causing that delay, and no one is mentioning what the cause is.
I have also seen major differences in some banks, some are putting them up at 60-70 percent of assessed value, and some are listing them at 100+ percent. Take a wild guess at which ones move.
Well at least Oil is not shooting to the moon, I am again reminded that I do not understand the reality that Day traders and hedge funds see.
Really, I mean Iraq was removed from the supply chain how many times, but a bombing in Nigeria causes a mad rush.
Ooh, I got zapped by my 0% interest Chase card today.
I had a balance of $850 with a $17 minimum payment. I cashed in my accumulated points and "bought" a $100 cash back thing, they post directly to your account. Mistakenly, I thought that would apply to the minimum payment. I was wrong.
My husband was at Staples with 3 kids in tow when he got turned down, and they happily informed him (somehow) he had not paid on his account for over a month.
He was none too pleased.
Now I have a $39 fee tacked on, and my interest rate is 9% -- not bad, and probably the 0% is over this month anyway, it was due to be over this summer at some point.
But still - you play with credit, you get burned, that's all I have to say. I have come out ahead on the card for the 12+ months I've used it, but it's ending on a sour note.
But do you know what the normal lag time was? I have often been told about the typical sense of urgency in Hawaii,...or lack thereof.
I think a lot of it has to do with them being large east coast banks for the most part. The local banks did not do a mad rush into the crazy zone, but they did do some. With the delayed rush to the bottom most people believed it would and could not happen here.
As for the local time line, the surf is up on the south shore so you know nothing is getting done.
Your blog's recent post from today (6/26/2009) was impressive chart pr0n. What was the source for the chart, and what do the values mean on the y-axis? Just 0 USD to 1,000 USD or some multiple?
personally I think China/Russia is doing all the shouting to scare the baby boomers whose entire money is stuck in bond funds in 401k for another 4-5 years
Ooh, I got zapped by my 0% interest Chase card today.
I keep sending in $20 every month even if I don't charge anything. It drives them nuts. They send me checks of the outstanding surplus and I never cash them, they have to re-credit my account after 60 days or so.
Weapons of weak, but I enjoy it.
Alright, I go out to my birthday lunch with my beautiful wife and come back to find out you all have spent two threads discussing LadyBoys?
Good God, is this what the best damn economics blog on the whole world wide web has become in two short threads?
Come on, who is walking point here?
My nomination for Captain Obvious Award goes to:
DETROIT (Reuters) - General Electric Co Chief Executive Jeff Immelt said on Friday the United States needs to refocus its economy on manufacturing and exporting if it wishes to recover from a brutal recession.
I know the sweet anticipation of Bank Failure Friday has addled your brains, but focus people!
Focus!
I pay online. They do not LET you pay over your account balance online. Guess they figured that one out.
I use my online check writing service. Pretty much the same as writing a check, My AX tried to kick back my check and I raised hell with my bank about it. They never tried it again.
Kahuna, I knew you were one of the good ones being a homebrewer and all.
I love sending in a few cents worth of over payment.
Yeah, send me a refund check!
KK - Don't you have to pay to use an online check writing service? I'm too cheap for that.
Yes, it cost me $5 a month, it's a pain but I make that up with not having a cell phone, or wasting money on other things I don't have to have.
And the money is worth it being able to log in from anywhere (That I trust the computer) and pay my bills.
HomeGnome -
Yea, now I'm getting ready to mess with my HOA, I have been over paying around $3 a month, I like round numbers. But it does not show up on my statements.
personally I think China/Russia is doing all the shouting to scare the baby boomers whose entire money is stuck in bond funds in 401k for another 4-5 years.
So is now a good time to sell my PTTRX? I think California could cause just a few problems in the whole bond theatre.
Totally agree with the california bankruptcy influence on bonds. Speaking of, didn't Fitch downgrade California a few days ago? That usually triggers massive bonds selloff (i.e iceland, ireland) and force the entity into serious default. I haven't heard too much about the impact...I guess A- is still ok for most funds to hold?
Btw, will there be a countdown clock on this blog on california bankruptcy?
But but but the rate of personal savings ( personal income less personal outlays ) surged to 6.9 percent in May, a level last seen in December 1993.
Is this a green shoot ?
Are we out of the recession ?
Are the fundamentals of the US economy now strong ?
I would prefer to think that people just stopped paying attention to the rating agencies. But I think most Funds, Pensions etc are cut out below BBB, but then there are other rating agencies.
But more likely bondholders are sitting back with the belief that if GM, AIG and Citi was TBTF, then Cali has to be saved.
I'm just wondering if Obama is currently preparing a guideline for loans to 'any and all' of the states. Obviously they can't all ask for 20-50 billions otherwise that would just turn China's crying wolf into a real bad wolf. If all the states asked for a bailout/loan, that would probably amount to a trillion, would it not?
WIW, Bankers or Terrorists seems to think California will be bailed.
We discussed this on a thread this a.m.
California may be bailed but I think they will have to give up state sovereignty AND their electoral votes until they repay the bail
Ah man, I tore my tin foil and the brain control waves are coming on like a tsunami...
and the pig just got me.
nemo
.................
//edited.... Why is the portfolio shrinking? Private lenders are back?
Annie is obviously NOT ok....
now there is a hoocoodanoddle!
So how will the March refi activity wend it's way through the stats...?
I'm so used to seeing charts w/o zero baselines - can we move the axes to worse show the change?
OT from previous thread:
Can You Tell The Difference Between a Thai Lady and a Thai Ladyboy?
You scored 9 out of 10 correctly (90%).
Congratulations! You're a champion ladyboy spotter.
The one I got wrong I got wrong the safe way, so I'm ready to chill with the duke.
so I'm ready to chill with the duke.
I don't think that means what you think it means.
Can You Tell The Difference Between a Thai Lady and a Thai Ladyboy?
I look at the hands, and if in doubt I ask.
The best looking women in Thailand are guys, no doubt about that.
FRE = DSL ?
We need some early bank failures announced today.
yowch...I have the same question: I thought they were expanding their portfolio...I thought fannie and freddie were the only games in town.
Great more green shoots:
Hawaii tourism down 6.9% in May — not as bad as past 10 months
About 6.9 percent fewer visitors came to the Islands in May and spent $133 million, or 15 percent, less than a year ago, but industry leaders were encouraged that the decline in tourism seems to be slowing.
http://www.honoluluadvertiser.com/article/20090626/NEWS01/906260358/Hawaii+tourism+down+6.9++in+May+—+not+as+bad+as+past+10+months
I think the kathoey talk should be on the last thread...
I can still remember when a "good sign" was an improvement instead of a deterioration.
So tell, what should be looking for with regard to the thumbs, an adam's apple?
China Reiterates Call for New World Reserve Currency
China’s central bank renewed its call for a new global currency and said the International Monetary Fund should manage more of members’ foreign-exchange reserves, triggering a decline in the U.S. dollar.
China Reiterates Call for New World Reserve Currency (Update4) - Bloomberg.com
Second nades suggestion - end of last thread
So, let me ask you, are you saying that all the best looking girls are guys in drag?
Say it so, Joe...
Thread music.
YouTube - The crying game
(caution: some shots of adam's apple and bulges may offend younger viewers)
woooohoo!
more delinquencies will mean more money for consumer spending. Green shoots!
lost-confused -
So tell, what should be looking for with regard to the thumbs, an adam's apple?
Reshaping the hands is very painful and takes a long time, and I have not heard of anyone doing it. Men in general have thicker thumbs and fingers. But in general ladyboys are what we would call a third gender. They have their nitch and generally follow a strict set of rules within the society. Unlike subprime it is contained. Just most foreigners don't understand or have a clue.
deteriorating fundamentals at a slower pace is the new Killin It
Somebody best great Freddy Mac back on the gravy train, you cant make it up on volume when the volume is killin it
We took down the USSR using finances. China is a fast learner.
They are stocking up on gold, oil and basic commodities. They hold a ton of our debt. it was anounced that shipping prices of China firms are going to double.
Our strenth has been our dollar and a safe haven, we are in deep, deep crap.
How Bad Is the Recession? Check New Home Sales
OFF THE CHARTS; A Recession Measured By New-Home Sales - NY Times
There have been bad housing markets before, but never in post-World War II history has the market for new homes suffered as badly as it has in this decline.
CR,
Is there a logical reason the portfolio is shrinking? Maybe just because the proportion of new loans that are conforming has risen so much?
China's hollering about a new reserve currency is complete nonsense. They hold all those US$ because they CHOSE to, there are no international rules about central bank's reserves. They chose to fix their currency to the dollar. If they want to sell their dollar assets they can.
All that hollering is for domestic consumption.
"
lost-confused (profile) wrote on Fri, 6/26/2009 - 2:42 pm
So, let me ask you, are you saying that all the best looking girls are guys in drag?
Say it so, Joe..."
Say it so!? You must be lost and confused!
broward,
now you're disturbing me ,,, not an easy thing.
Crying Game... compared to my girls... woof woof
think Kill Bill sans silly samurai swords.
when they come in they come in heavy....
Kauai_Kahuna
Yes, I recognize that women have narrow fingers, but what does that have to do with a thumb....and thick relative to what?
LOL
Funny, I remember a Seinfeld episode, where in he complained about his date had "man hands"...Was she a guy? Just checking, slow here!
Why would they let their portfolio shrink- there are such compelling values out there in mortgageland.
LOL black dog
As mortages go unpaid, mall traffic picks up.
People no longer care if the banks get paid back, there is a huge amount of anger out there as people are refused refis, or modifications, as they can't get loans, as credit card rates increase, as they figure out the loan they were asured would work out "somehow" goes south.
Bob_in_MA
China's hollering about a new reserve currency is complete nonsense. They hold all those US$ because they CHOSE to, there are no international rules about central bank's reserves
They don't have much of a choice, what else are they going to do with all the dollars we gladly send them for lead painted toys, etc. They can only stock pile so much commodities, and gold has been over priced.
Just a silly question, but could the portfolio be shrinking equal to the number of bankruptcies that remove them through REO's?
2.5% delinquencies sounds kinda low, given the housing price declines...
Is it really only 2.5% ?
That NYTimes piece on housing shows how much influence CR has. He first pointed out how differently the markets were performing a while ago, now in the past few days I've seen 3-4 people picking up on it.
never in post-World War II history has the market for new homes suffered as badly as it has in this decline.
Job market has gotten steadily suckier over the past sixty days or so.
This morning Monster.com and Jobs.com were down for at least 20 minutes.
I've never seen that before.
First a discussion on thai lady boys. Then a post on shrinking portfolios. Coincidence?
Duke of Con Dao -
when they come in they come in heavy....
I am careful around Thai Police, I am very careful around the third gender. Different rules, and they do mean business. If only the SEC and FDIC would have the same set of balls. (OK I know it was a bad joke).
squidward (profile) wrote on Fri, 6/26/2009 - 11:51 am replyIgnore user2.5% delinquencies sounds kinda low, given the housing price declines...
Is it really only 2.5% ?
It could be that low due to the moritiorium on forclosures until May. It takes at least 90 days to get a property to the court house steps. If that is the case, the % will increase in the next few months.
squidward, this is the Freddie Mac portfolio - remember the GSE portfolios are much better than Wall Street or other lenders like WaMu, Wachovia (Golden West) or CountryWide. Those portfolios really stink.
Freddie and Fannie had plenty of problems, but their standards and loan quality were much better than most.
best wishes
I guess I will just have to get out more....I guess its smart to have a lot of female acquaintances to get their opinion on prospects...when clubbing...I guess women are more perceptive than me...but thats no secret...I am as dumb as a brick...
CR - thank you.
Kauai_Kahuna,
The portfolio (I believe) is made up of non-conforming loans that are bought in the market. In 2003-2006 when conforming loans were only about 40% of loans, Freddie and Fannie increased their portfolios to make up for their lost share of business.
My guess is that now they probably aren't buying many since the non-conforming market has shrunk. As the old ones get paid off through refinancing, or are defaulted on, they aren't being replaced.
"ignore user" button getting a workout today...
"Freddie and Fannie had plenty of problems, but their standards and loan quality were much better than most.
best wishes "
Either Freddie or Fannie (I can't remember which) bought in the hundreds of billions of loans that were initially run through Countrywide's automated acceptance system. If you google Countrywide and their automated underwriting acceptance under-writing system the level of fraud was astounding. Fannie and Freddie have no idea the level of dreck that was offloaded to them as conforming prime in name only.
I have been seeing a three to four month lag here in Hawaii between the initial foreclosure and the property being listed as an REO on the MLS. I have no idea what is causing that delay, and no one is mentioning what the cause is.
I have also seen major differences in some banks, some are putting them up at 60-70 percent of assessed value, and some are listing them at 100+ percent. Take a wild guess at which ones move.
K-k-k-k-k-k-k-k-ermit!
"K-k-k-k-k-k-k-k-ermit! "
Can't have a close below the 920 trend-line today. Was wondering when they would start skying the SPX.
Back in1967 I was told to look for the adam's apple by our tour guide in Tokyo.
Take a wild guess at which ones move.
Neither?
Well at least Oil is not shooting to the moon, I am again reminded that I do not understand the reality that Day traders and hedge funds see.
Really, I mean Iraq was removed from the supply chain how many times, but a bombing in Nigeria causes a mad rush.
I have been seeing a three to four month lag here in Hawaii between the initial foreclosure and the property being listed as an REO on the MLS.
But do you know what the normal lag time was? I have often been told about the typical sense of urgency in Hawaii,...or lack thereof.
Ooh, I got zapped by my 0% interest Chase card today.
I had a balance of $850 with a $17 minimum payment. I cashed in my accumulated points and "bought" a $100 cash back thing, they post directly to your account. Mistakenly, I thought that would apply to the minimum payment. I was wrong.
My husband was at Staples with 3 kids in tow when he got turned down, and they happily informed him (somehow) he had not paid on his account for over a month.
He was none too pleased.
Now I have a $39 fee tacked on, and my interest rate is 9% -- not bad, and probably the 0% is over this month anyway, it was due to be over this summer at some point.
But still - you play with credit, you get burned, that's all I have to say. I have come out ahead on the card for the 12+ months I've used it, but it's ending on a sour note.
Down with credit. Boo.
sdtfs -
But do you know what the normal lag time was? I have often been told about the typical sense of urgency in Hawaii,...or lack thereof.
I think a lot of it has to do with them being large east coast banks for the most part. The local banks did not do a mad rush into the crazy zone, but they did do some. With the delayed rush to the bottom most people believed it would and could not happen here.
As for the local time line, the surf is up on the south shore so you know nothing is getting done.
@ energyecon:
Your blog's recent post from today (6/26/2009) was impressive chart pr0n. What was the source for the chart, and what do the values mean on the y-axis? Just 0 USD to 1,000 USD or some multiple?
personally I think China/Russia is doing all the shouting to scare the baby boomers whose entire money is stuck in bond funds in 401k for another 4-5 years
Outsider -
Ooh, I got zapped by my 0% interest Chase card today.
I keep sending in $20 every month even if I don't charge anything. It drives them nuts. They send me checks of the outstanding surplus and I never cash them, they have to re-credit my account after 60 days or so.
Weapons of weak, but I enjoy it.
KK - I'm enjoying that. Thank you.
I pay online. They do not LET you pay over your account balance online. Guess they figured that one out.
Alright, I go out to my birthday lunch with my beautiful wife and come back to find out you all have spent two threads discussing LadyBoys?
Good God, is this what the best damn economics blog on the whole world wide web has become in two short threads?
Come on, who is walking point here?
My nomination for Captain Obvious Award goes to:
DETROIT (Reuters) - General Electric Co Chief Executive Jeff Immelt said on Friday the United States needs to refocus its economy on manufacturing and exporting if it wishes to recover from a brutal recession.
I know the sweet anticipation of Bank Failure Friday has addled your brains, but focus people!
Focus!
Outsider -
I pay online. They do not LET you pay over your account balance online. Guess they figured that one out.
I use my online check writing service. Pretty much the same as writing a check, My AX tried to kick back my check and I raised hell with my bank about it. They never tried it again.
Kahuna, I knew you were one of the good ones being a homebrewer and all.
I love sending in a few cents worth of over payment.
Yeah, send me a refund check!
KK - Don't you have to pay to use an online check writing service? I'm too cheap for that.
HomeGnome -
but focus people!
Focus!
Sometimes you just have to review the menu items, but not break your diet.
Surf is UP on that Wave....holy $hit
Outsider -
KK - Don't you have to pay to use an online check writing service? I'm too cheap for that.
Yes, it cost me $5 a month, it's a pain but I make that up with not having a cell phone, or wasting money on other things I don't have to have.
And the money is worth it being able to log in from anywhere (That I trust the computer) and pay my bills.
HomeGnome -
Yea, now I'm getting ready to mess with my HOA, I have been over paying around $3 a month, I like round numbers. But it does not show up on my statements.
Down with credit. Boo.
This week I got a $5 check from Amex to credit out my account (which I haven't used since October).
Scrooge McDuck -
personally I think China/Russia is doing all the shouting to scare the baby boomers whose entire money is stuck in bond funds in 401k for another 4-5 years.
So is now a good time to sell my PTTRX? I think California could cause just a few problems in the whole bond theatre.
"Is there a logical reason the portfolio is shrinking?"
Run off?
Broward - you are in an enviable position right now. If there was ever a time to drop out and lay low for a while, it's now.
@Kauai_Kahuna
Totally agree with the california bankruptcy influence on bonds. Speaking of, didn't Fitch downgrade California a few days ago? That usually triggers massive bonds selloff (i.e iceland, ireland) and force the entity into serious default. I haven't heard too much about the impact...I guess A- is still ok for most funds to hold?
Btw, will there be a countdown clock on this blog on california bankruptcy?
I'm guessing a slow BFF this week with all hands on deck for next weekends BFF on Thursday with Corus(the big ones seem to be on 3 day weekends)
FFDIC, is he still around?
doh!
Those are billions USD on the y-axis, y-agij
The data source is the Bureau of Ecnonomic Research National Economic Accounts - available for convenient download in .csv format
Neverland Ranch Investigators Discover Corpse Of Real Michael Jackson | The Onion - America's Finest News Source
Fiduciary Doodie -
You know it's bad when the onion makes more sense than reality.
-edited to make sense, I need some sleep.
But but but the rate of personal savings ( personal income less personal outlays ) surged to 6.9 percent in May, a level last seen in December 1993.
Is this a green shoot ?
Are we out of the recession ?
Are the fundamentals of the US economy now strong ?
" Scrooge McDuck (profile) wrote (in reply to...) on Fri, 6/26/2009 - 3:28 pm
Btw, will there be a countdown clock on this blog on california bankruptcy? Laughing out loud"
Is there an ETF with which to short CA?
Scrooge McDuck -
I would prefer to think that people just stopped paying attention to the rating agencies. But I think most Funds, Pensions etc are cut out below BBB, but then there are other rating agencies.
But more likely bondholders are sitting back with the belief that if GM, AIG and Citi was TBTF, then Cali has to be saved.
I'm just wondering if Obama is currently preparing a guideline for loans to 'any and all' of the states. Obviously they can't all ask for 20-50 billions otherwise that would just turn China's crying wolf into a real bad wolf. If all the states asked for a bailout/loan, that would probably amount to a trillion, would it not?
WIW, Bankers or Terrorists seems to think California will be bailed.
We discussed this on a thread this a.m.
California may be bailed but I think they will have to give up state sovereignty AND their electoral votes until they repay the bail
Ah man, I tore my tin foil and the brain control waves are coming on like a tsunami...
and the pig just got me.
@Cinco-X
I don't suppose there are TBTs for california bonds..I'll go and find some.