"This is still far from a normal market with 37.3% of sales foreclosure resales. And prices will probably continue to fall for some time, especially in the higher priced areas since there are few move-up buyers. "
As I mentioned yesterday, my small-time contractor friend just got a couple of bid requests from mighta-been move-up buyers who are deciding to add an extra room instead.
Just think if houses had social security numbers so we could track how many times they all got bought, flipped, foreclosed, resold, flipped, foreclosed......
Cars have VINs, many other products have serial numbers.
We have also noticed a number of families we are close with who have decided to make significant updates to their homes in the last couple of months. Nobody has said it, but my assumption is that they have realized they will be in these homes for the foreseeable future and are willing to put more money into upgrades.
This is just more fuel to the fire of no bottom at all. How can anyone think that almost 40% of activity based on REO's and foreclosures is healthy? The new "killing it" it would seem.
Just setting up another round of knife-catchers IMO...drawing it out to stall reality.
Foreign demand for long-term US financial assets fell sharply in May, but China bought more
WASHINGTON (AP) -- Foreign demand for long-term U.S. financial assets dropped by the largest amount in four months in May, as Japan and Russia trimmed their holdings of Treasury securities.
The Treasury Department said Thursday that foreigners actually sold $19.8 billion more long-term U.S. securities than they purchased in May. That compared with net purchases of $11.5 billion in April.
China, the largest foreign holder of U.S. Treasury securities, bucked that trend. Its holdings rose to $801.5 billion, an increase of 5 percent from $763.5 billion in April.
China's holdings are a direct result of the huge trade deficits the U.S. runs with the emerging Asian power. The Chinese take the dollars Americans pay for Chinese products and invest them in Treasury securities.
Reluctant lenders aren’t the only ones holding up new issuance, according to Dan Gorczycki, a managing director of Savills, a real-estate investment banking firm based in New York. Loan servicers are increasingly giving extensions to borrowers in hopes conditions will improve, bringing activity to a standstill and damping the demand for new loans, Gorczycki said. “Everybody has got their head in the sand,” Gorczycki said in an interview.
I didn't know ostriches knew how to extend and pretend.
Foreigners last sold more long-term U.S. securities than they purchased, $36.8 billion worth, in January.
Japan, the second largest foreign owner of Treasury securities, trimmed its holdings 1.3 percent to $677.2 billion in May, from $685.9 billion in April.
Russia cut holdings even more sharply, reducing them 9.1 percent to $124.5 billion in May from April.
Oil exporting countries, another large holder of Treasury securities, boosted their holdings by 1.8 percent to $192.9 billion.
Cars have VINs, many other products have serial numbers.
Yeah, if houses had unique identifiers we could send them mail or we could assess a tax on them, or at least tax the parcels.
China has no where to go right now but Treasuries.
They are in no position to stop taking our promise-sorry notes, and neither is the rest of the world right now -- unless all countries want to go back onto a gold standard, which takes more power away from them than continuing to prop up the U.S. government.
decided to make significant updates to their homes in the last couple of months.
I play pool with a contractor who was laid off a few months ago from new home construction.
He said the same thing, he's doing remodeling to existing homes, said he's quite busy now.
"we will not monetize (homepage, profile) wrote on Thu, 7/16/2009 - 11:28 am replyIgnore userJust think if houses had social security numbers so we could track how many times they all got bought, flipped, foreclosed, resold, flipped, foreclosed......"
Really? Have you ever heard of Parcel Numbers? Title Searches?
I laugh at this,,,,funny I have a friend, good employment great credit score, all the pluses in place...went for a mere $20,000 loan to do some home improvement upgrades.
Denied!...so I am to believe people are still getting loans in California...hahahah.
As the series progresses we learn key facts about the aliens:
Some of them have a crooked 4th finger
Most aliens are emotionless, but the few who do have feelings are mutants.
Alien leaders are called imaginatively, Leaders.
They have no hearts, thus no pulse, no blood.
Comrade Coinz (homepage, profile) wrote on Thu, 7/16/2009 - 2:29 pm reply Ignore user Senator Boxer usually favors Black Caucus.
surprised me as well...
shill (profile) wrote on Thu, 7/16/2009 - 2:35 pm replyIgnore userI laugh at this,,,,funny I have a friend, good employment great credit score, all the pluses in place...went for a mere $20,000 loan to do some home improvement upgrades.
Denied!...so I am to believe people are still getting loans in California...hahahah
Shill,
same here in the washington DC MSA... remodling projects are few and far between, cant get heloc's, cant get personal, can only do CC's and small stuf, and most people are doing the must haves themselves. We had 3 matching dressed college age boys in the hood yesterday looked like college newspaper salesman or magazine salesmen, for a chain of home improvement company... had nice doorknob 6 color slicks hangers. That investment cant pay for itself and shows me it's bad...
"The director of the Congressional Budget Office issued a warning to Democrats Thursday that their health care proposals would raise costs, not lower them.
One day after a Senate panel approved its version of the health care reform plan, the first committee to do so, CBO Director Doug Elmendorf gave a dose of bad medicine to a separate committee.
Asked by Senate Finance Committee Chairman Kent Conrad, D-N.D., whether costs would be lowered -- also known as "bending the curve" -- Elmendorf responded: "The curve is being raised."
Subsidies to help uninsured people would raise federal health care spending, which is already growing at an unsustainable rate, Elmendorf explained at the hearing. The Medicare and Medicaid cuts that lawmakers have offered to pay for the coverage expansion aren't big enough to offset the cost trend, particularly in the long term, he said. "
Now i am assuming that Mr. Elmendorf will be fired with the CIC's lack of confidence in him..... i'm just sayin'
I have a friend, good employment great credit score, all the pluses in place...Denied!.
Here in NH I see mortgages approved with zero money down. Just checked a house that sold last month, $308k and they took out $308k for 30 years. Don't know what their credit situation is, but they are still making them.
i happen to work for said company, and i know the uglies....huge losses and a lot of chicanery going on
roubini is bought and paid for, i lost all respect for him.
Then if you continue to work for said company with the knowledge you have and not releasing, ummm doesn't that kind of make you bought and paid for by same said comapny?
"The buzz I've been hearing is that Roubini went Whitney on the bears saying "the worst is over" (for financials at least.)"
Thanks, that makes some sense. I have some in the money options that I am pondering pushing the button on, and wondered if this bump is off of something fundamental or just "mental."
F-D anyone who works for anyone is bought and paid for by some extent....Roubini can talk in front of many different people....it's probably not so easy for nullpointer to up and quit and hope that he can find a new job in insurance and still eat.
CIT Group Inc. bondholders are holding calls today to discuss whether to swap some of their claims for equity to reduce the 101-year-old lender’s indebtedness, according to a person familiar with the situation.
Pacific Investment Management Co., CIT’s largest bondholder based on regulatory filings, plans to host a call, and debt owners are considering hiring financial and legal advisers, said the person, who declined to be identified because the discussions are private. The company hasn’t proposed an exchange offer.
Pacific Investment Management Co....
Why does that name sound so familiar?
Then if you continue to work for said company with the knowledge you have and not releasing, ummm doesn't that kind of make you bought and paid for by same said company?
i dont preach the companies praises, i am not a nationally revered economist, and if asked i tell as much as i can
Homeless Families Flock to Campgrounds
July 15, 2009 - 2:41 PM | by: Brooks Blanton
Troy Renault remembers the shocking statistic he heard earlier this year while watching the news. By the end of 2009, more than a million children will be homeless because of the recession, foreclosure crisis and skyrocketing unemployment rate.
"I was like how could that happen? In this country, how can that happen," Renault pondered that fact while sitting at a picnic table on a hot Tennessee afternoon. "And little did I think that my children would be part of the statistic."
He works in construction, helping build the suburban Nashville neighborhood that he, his wife Tammy and their four sons called home in until six weeks ago. When the housing industry collapsed, Troy was laid off and started his own handyman business. But even on his own, work was hard to find. The family struggled to make their bills.
"Do I keep the lights and water on so that we can at least get clean, wash clothes and do dishes? Or do we pay the rent and sit in the darkness?"
The lack of work finally caught up with the Renault family and they eventually lost their home. With nowhere to go, they packed their belongings and moved to Space 34 at the Timberline Campground in Lebanon, Tennessee. They now live in two tents, joined together to make up a tiny living room complete with a lamp and TV and three small rooms for the family of six to sleep. Their kitchen is a grill, stacks of plastic containers of food and a line of coolers just outside the tent. Running water, showers and toilets are a few steps away in a public restroom intended for campers to use on long weekends, vacations and holidays.
It is a little early in the day for a rally. Anyone know what news is driving it?
The biggest ralliers I see are MGIC (+25%) and the homebuilders, so I'm guessing it's a combination of the news in this post and the news that MGIC is ceasing origination.
So even the doom is being twisted to suggest green shoots, and the market takes off. You could do a study correlating market action with financial "news" (agitprop) headlines-- the greater the number of hopeful headlines, the more the market goes up. I wonder how much pressure the writers are under. Ya think?
I'm sensing the peasant's mood is getting more optimistic too. Foreclosure numbers don't really affect the majority. And, like all sheep, if the wolf takes a few, the herd doesn’t really notice.
If Obama, Ben, Larry, and Tim can keep the optimism going a few more months the peasants will start spending again (debt, like candy for children, feels way too good to NOT eat). The stock market will continue to bubble on male optimism and zero interest rate driven speculation. This will cause more peasant happiness as their 401k recover, even the pension funds will recover some.
Possibly, in 6 months, Obama and Ben will be declared "Heroes of the Revolution". The USSR lasted 75+ years on mythology, are we saying USA isn't as good as the USSR.
These markets are beyond ridiculous. Big boys and our friendly government printing money to prop them up. It won't end well, and good riddance. This casino serves no productive purpose.
GDD9000 (profile) wrote on Thu, 7/16/2009 - 2:54 pm reply Ignore user F-D anyone who works for anyone is bought and paid for by some extent....
absolutley concur.... as Doc Holiday said "My hypocrasy knows no bounds" to only later say "My hypocrasy can only go so far"....
Not giving you a hard time null, its the economy, Roubini needs the side work as well..
Seriously though was he there to speak to the company faithful and talk about the company ...then he was just there blowing smoke, if he was talking to investors abbout only the company i see your point , if casually blessed his sponsors while speaking an hour on the general economy i wouldnt fault him...
Krugman, Roubini sold out after some powerful roast beef.......Roubini's emails have been a joke for the last few weeks.....I agree with null...both Krugman and Roubini want something. Maybe that space next to Obama when Summers gets installed at the fed early next year is my guess.
The lack of work finally caught up with the Renault family and they eventually lost their home. With nowhere to go, they packed their belongings and moved to Space 34 at the Timberline Campground in Lebanon, Tennessee. They now live in two tents,
I can agree with those statements. For years i listened , got educated and read and watched...he was on his game, but now i believe the limelight or perhaps the roastbeast has him on the dark side, or like me, perhaps likes to hear himself talk....
I used to read him regularly, and although I had some differences of opinion I could always follow his logic and understand how he drew his conclusions. But recently there is a complete disconnect between the conclusions that one would draw from the data, and the approach/outlook that Roubini proposes. Granted he's a Keynesian, and I believe in the Austrian school -- but I think there's more to his tune than meets the eye.
MS (profile) wrote on Thu, 7/16/2009 - 3:26 pm replyIgnore userAnyone that has plastic vagina's all over his house pretty much qualifies as jumping the shark in my book.
Ciao
MS
as opposed to real vagina's ....
i think that may have something to do with it...all his public partying came as a shock so the administation followed him and got him on something...ill take my colendar off now
More proof that the recession is over!
"This is still far from a normal market with 37.3% of sales foreclosure resales. And prices will probably continue to fall for some time, especially in the higher priced areas since there are few move-up buyers. "
As I mentioned yesterday, my small-time contractor friend just got a couple of bid requests from mighta-been move-up buyers who are deciding to add an extra room instead.
Breitbart.tv » ‘God Awful’: Black Chamber of Commerce CEO Rips Sen. Boxer for ‘Condescending’ Racial Remarks
sen Boxer called on the carpet again... Black COC CEO rips into her...
Beating the shorts like a red haired stepchild!
This is still far from a normal market with 37.3% of sales foreclosure resales.
If the government was actually successful in preventing foreclosures, house sales would not have increased.
Just think if houses had social security numbers so we could track how many times they all got bought, flipped, foreclosed, resold, flipped, foreclosed......
Cars have VINs, many other products have serial numbers.
OT:
What the hell is up with Bazooka Hank's pinkie?
Bob Dobbs,
We have also noticed a number of families we are close with who have decided to make significant updates to their homes in the last couple of months. Nobody has said it, but my assumption is that they have realized they will be in these homes for the foreseeable future and are willing to put more money into upgrades.
This is just more fuel to the fire of no bottom at all. How can anyone think that almost 40% of activity based on REO's and foreclosures is healthy? The new "killing it" it would seem.
Just setting up another round of knife-catchers IMO...drawing it out to stall reality.
Ciao
MS
Senator Boxer usually favors Black Caucus.
Yahoo! 404 - Page Not Found
Foreign demand for long-term US financial assets fell sharply in May, but China bought more
WASHINGTON (AP) -- Foreign demand for long-term U.S. financial assets dropped by the largest amount in four months in May, as Japan and Russia trimmed their holdings of Treasury securities.
The Treasury Department said Thursday that foreigners actually sold $19.8 billion more long-term U.S. securities than they purchased in May. That compared with net purchases of $11.5 billion in April.
China, the largest foreign holder of U.S. Treasury securities, bucked that trend. Its holdings rose to $801.5 billion, an increase of 5 percent from $763.5 billion in April.
China's holdings are a direct result of the huge trade deficits the U.S. runs with the emerging Asian power. The Chinese take the dollars Americans pay for Chinese products and invest them in Treasury securities.
"What the hell is up with Bazooka Hank's pinkie?"
There was a sci-fi tv series in the 1960's, and the bad-ass extraterrestrials looked just like us, except for a bent pinkie finger...
From the pigged link on CMBS and TALF...
Reluctant lenders aren’t the only ones holding up new issuance, according to Dan Gorczycki, a managing director of Savills, a real-estate investment banking firm based in New York. Loan servicers are increasingly giving extensions to borrowers in hopes conditions will improve, bringing activity to a standstill and damping the demand for new loans, Gorczycki said. “Everybody has got their head in the sand,” Gorczycki said in an interview.
I didn't know ostriches knew how to extend and pretend.
Dr. Evil's pinky is naturally gonna be a little deformed.
Don't you know nothing?
Calculated Risk: Dr. Evil and Mini-Me
Foreigners last sold more long-term U.S. securities than they purchased, $36.8 billion worth, in January.
Japan, the second largest foreign owner of Treasury securities, trimmed its holdings 1.3 percent to $677.2 billion in May, from $685.9 billion in April.
Russia cut holdings even more sharply, reducing them 9.1 percent to $124.5 billion in May from April.
Oil exporting countries, another large holder of Treasury securities, boosted their holdings by 1.8 percent to $192.9 billion.
Cars have VINs, many other products have serial numbers.
Yeah, if houses had unique identifiers we could send them mail or we could assess a tax on them, or at least tax the parcels.
China has no where to go right now but Treasuries.
They are in no position to stop taking our promise-sorry notes, and neither is the rest of the world right now -- unless all countries want to go back onto a gold standard, which takes more power away from them than continuing to prop up the U.S. government.
edit: THEM = central bankers
WikiAnswers - Discussion of 'Is a bent pinky finger hereditary?'
so what you're saying JD is that Ben is a BAET or the spawn of a BAET?
decided to make significant updates to their homes in the last couple of months.
I play pool with a contractor who was laid off a few months ago from new home construction.
He said the same thing, he's doing remodeling to existing homes, said he's quite busy now.
"we will not monetize (homepage, profile) wrote on Thu, 7/16/2009 - 11:28 am replyIgnore userJust think if houses had social security numbers so we could track how many times they all got bought, flipped, foreclosed, resold, flipped, foreclosed......"
Really? Have you ever heard of Parcel Numbers? Title Searches?
This greenhouse is bursting with green shoots.
The question is - will they transplant and live? Or will the roots be too weak and die?
I'm not sensing life, but I'll keep an open mind.
I laugh at this,,,,funny I have a friend, good employment great credit score, all the pluses in place...went for a mere $20,000 loan to do some home improvement upgrades.
Denied!...so I am to believe people are still getting loans in California...hahahah.
As the series progresses we learn key facts about the aliens:
Some of them have a crooked 4th finger
Most aliens are emotionless, but the few who do have feelings are mutants.
Alien leaders are called imaginatively, Leaders.
They have no hearts, thus no pulse, no blood.
The Official 60's Site-The Invaders
@crispy
So you mean I don't have to hire a lawyer and buy title insurance because this information is so readily open and available to all?
I was not aware.
Comrade Coinz (homepage, profile) wrote on Thu, 7/16/2009 - 2:29 pm reply Ignore user Senator Boxer usually favors Black Caucus.
surprised me as well...
shill (profile) wrote on Thu, 7/16/2009 - 2:35 pm replyIgnore userI laugh at this,,,,funny I have a friend, good employment great credit score, all the pluses in place...went for a mere $20,000 loan to do some home improvement upgrades.
Denied!...so I am to believe people are still getting loans in California...hahahah
Shill,
same here in the washington DC MSA... remodling projects are few and far between, cant get heloc's, cant get personal, can only do CC's and small stuf, and most people are doing the must haves themselves. We had 3 matching dressed college age boys in the hood yesterday looked like college newspaper salesman or magazine salesmen, for a chain of home improvement company... had nice doorknob 6 color slicks hangers. That investment cant pay for itself and shows me it's bad...
I have a friend, good employment great credit score, all the pluses in place...Denied!.
Did he list you as a reference?
It is a little early in the day for a rally. Anyone know what news is driving it?
There are things I know I know
and things I know I don't know
I'm concerned about the things I don't know I don't know...
My 'expert' prediction this morning of the Dow closing at 8700 today?
"What the hell is up with Bazooka Hank's pinkie?"
Broken too many times by Blankfein
Blackhalo:
The buzz I've been hearing is that Roubini went Whitney on the bears saying "the worst is over" (for financials at least.)
Roubini Sucks!
Roubini Sucks!
broward - why?
Roubini has softened his tone since his buddy Geithner took the reigns at Treasury, and since he has become more popular over the last several months.
He has his eye on something.
roubini spoke @ the university in my small midwestern town a couple weeks ago
it was sponsored by a multi billion dollar local insurance company
roubini told the crowd america was lucky to have companies like this sponsoring insurance company, so solid and conservative, midwestern values etc
i happen to work for said company, and i know the uglies....huge losses and a lot of chicanery going on
roubini is bought and paid for, i lost all respect for him
broward - why?
He turned on his Doomer groupies.
Check out proposed tax rate in NYC.
If only CA would do the same.
DEMOCRATS HEALTH CARE PLAN FUNDING MAY TAX NEW YORK WEALTHY 57% - NYPOST.com
New York's top income bracket could reach as high as 57 percent -- rates not seen in three decades
"The director of the Congressional Budget Office issued a warning to Democrats Thursday that their health care proposals would raise costs, not lower them.
One day after a Senate panel approved its version of the health care reform plan, the first committee to do so, CBO Director Doug Elmendorf gave a dose of bad medicine to a separate committee.
Asked by Senate Finance Committee Chairman Kent Conrad, D-N.D., whether costs would be lowered -- also known as "bending the curve" -- Elmendorf responded: "The curve is being raised."
Subsidies to help uninsured people would raise federal health care spending, which is already growing at an unsustainable rate, Elmendorf explained at the hearing. The Medicare and Medicaid cuts that lawmakers have offered to pay for the coverage expansion aren't big enough to offset the cost trend, particularly in the long term, he said. "
Now i am assuming that Mr. Elmendorf will be fired with the CIC's lack of confidence in him..... i'm just sayin'
I have a friend, good employment great credit score, all the pluses in place...Denied!.
Here in NH I see mortgages approved with zero money down. Just checked a house that sold last month, $308k and they took out $308k for 30 years. Don't know what their credit situation is, but they are still making them.
nullpointer,
i happen to work for said company, and i know the uglies....huge losses and a lot of chicanery going on
roubini is bought and paid for, i lost all respect for him.
Then if you continue to work for said company with the knowledge you have and not releasing, ummm doesn't that kind of make you bought and paid for by same said comapny?
@ samsin
"The buzz I've been hearing is that Roubini went Whitney on the bears saying "the worst is over" (for financials at least.)"
Thanks, that makes some sense. I have some in the money options that I am pondering pushing the button on, and wondered if this bump is off of something fundamental or just "mental."
F-D anyone who works for anyone is bought and paid for by some extent....Roubini can talk in front of many different people....it's probably not so easy for nullpointer to up and quit and hope that he can find a new job in insurance and still eat.
CIT Group’s Bondholders Said to Discuss Debt Swap (Update2) - Bloomberg.com
CIT Group Inc. bondholders are holding calls today to discuss whether to swap some of their claims for equity to reduce the 101-year-old lender’s indebtedness, according to a person familiar with the situation.
Pacific Investment Management Co., CIT’s largest bondholder based on regulatory filings, plans to host a call, and debt owners are considering hiring financial and legal advisers, said the person, who declined to be identified because the discussions are private. The company hasn’t proposed an exchange offer.
Pacific Investment Management Co....
Why does that name sound so familiar?
Then if you continue to work for said company with the knowledge you have and not releasing, ummm doesn't that kind of make you bought and paid for by same said company?
i dont preach the companies praises, i am not a nationally revered economist, and if asked i tell as much as i can
food and a dry place to sleep are for pussies.
OT:
Those of you(like me) who anxiously updated to FireFox 3.5 had better be using NoScript.
Slashdot Comments | Firefox 3.5's First Vulnerability "Self-Inflicted"
my point is not that he (roubini) is lying...since this is a private company, i am pretty sure he has absolutely no idea what the deal is
but for him to (essentially) endorse and bless it because they paid his speaking fee...complete bullshit
Homeless Families Flock to Campgrounds
Latest Update
21 minutes ago
Economy
Homeless Families Flock to Campgrounds
July 15, 2009 - 2:41 PM | by: Brooks Blanton
Troy Renault remembers the shocking statistic he heard earlier this year while watching the news. By the end of 2009, more than a million children will be homeless because of the recession, foreclosure crisis and skyrocketing unemployment rate.
"I was like how could that happen? In this country, how can that happen," Renault pondered that fact while sitting at a picnic table on a hot Tennessee afternoon. "And little did I think that my children would be part of the statistic."
He works in construction, helping build the suburban Nashville neighborhood that he, his wife Tammy and their four sons called home in until six weeks ago. When the housing industry collapsed, Troy was laid off and started his own handyman business. But even on his own, work was hard to find. The family struggled to make their bills.
"Do I keep the lights and water on so that we can at least get clean, wash clothes and do dishes? Or do we pay the rent and sit in the darkness?"
The lack of work finally caught up with the Renault family and they eventually lost their home. With nowhere to go, they packed their belongings and moved to Space 34 at the Timberline Campground in Lebanon, Tennessee. They now live in two tents, joined together to make up a tiny living room complete with a lamp and TV and three small rooms for the family of six to sleep. Their kitchen is a grill, stacks of plastic containers of food and a line of coolers just outside the tent. Running water, showers and toilets are a few steps away in a public restroom intended for campers to use on long weekends, vacations and holidays.
It is a little early in the day for a rally. Anyone know what news is driving it?
The biggest ralliers I see are MGIC (+25%) and the homebuilders, so I'm guessing it's a combination of the news in this post and the news that MGIC is ceasing origination.
Roubini roundup. He's not as sanguine as some of the headlines suggest:
roubini - Google News
So even the doom is being twisted to suggest green shoots, and the market takes off. You could do a study correlating market action with financial "news" (agitprop) headlines-- the greater the number of hopeful headlines, the more the market goes up. I wonder how much pressure the writers are under. Ya think?
OT but on my mind...
Why isn't anybody talking yet about the outstanding CDS exposure of CIT?
Link to tabular data on 1000 entities with CDS written against them
According to this, there's more contracts out on CIT than on Citigroup (conveniently next door on the table)...
How does this affect the bailout odds?
I'm sensing the peasant's mood is getting more optimistic too. Foreclosure numbers don't really affect the majority. And, like all sheep, if the wolf takes a few, the herd doesn’t really notice.
If Obama, Ben, Larry, and Tim can keep the optimism going a few more months the peasants will start spending again (debt, like candy for children, feels way too good to NOT eat). The stock market will continue to bubble on male optimism and zero interest rate driven speculation. This will cause more peasant happiness as their 401k recover, even the pension funds will recover some.
Possibly, in 6 months, Obama and Ben will be declared "Heroes of the Revolution". The USSR lasted 75+ years on mythology, are we saying USA isn't as good as the USSR.
These markets are beyond ridiculous. Big boys and our friendly government printing money to prop them up. It won't end well, and good riddance. This casino serves no productive purpose.
"Homeless Families Flock to Campgrounds"
Load the SUV up...
We're going re-education camping~
GDD9000 (profile) wrote on Thu, 7/16/2009 - 2:54 pm reply Ignore user F-D anyone who works for anyone is bought and paid for by some extent....
absolutley concur.... as Doc Holiday said "My hypocrasy knows no bounds" to only later say "My hypocrasy can only go so far"....
Not giving you a hard time null, its the economy, Roubini needs the side work as well..
Seriously though was he there to speak to the company faithful and talk about the company ...then he was just there blowing smoke, if he was talking to investors abbout only the company i see your point , if casually blessed his sponsors while speaking an hour on the general economy i wouldnt fault him...
This casino serves no productive purpose. - GH
Yes it does. This is propaganda. Propaganda is massively necessary right now. That's important to understand.
Krugman, Roubini sold out after some powerful roast beef.......Roubini's emails have been a joke for the last few weeks.....I agree with null...both Krugman and Roubini want something. Maybe that space next to Obama when Summers gets installed at the fed early next year is my guess.
Ciao
MS
The lack of work finally caught up with the Renault family and they eventually lost their home. With nowhere to go, they packed their belongings and moved to Space 34 at the Timberline Campground in Lebanon, Tennessee. They now live in two tents,
Campsite = $690 ($23/day)
3br house = $650
Timberline Campground - Lebanon, Tennessee United States RV Campground
craigslist | Page Not Found
MS: Agree -- Roubini is no longer even worth reading....
MS/Gav/null,
I can agree with those statements. For years i listened , got educated and read and watched...he was on his game, but now i believe the limelight or perhaps the roastbeast has him on the dark side, or like me, perhaps likes to hear himself talk....
Anyone that has plastic vagina's all over his house pretty much qualifies as jumping the shark in my book.
Ciao
MS
On Roubini,
I used to read him regularly, and although I had some differences of opinion I could always follow his logic and understand how he drew his conclusions. But recently there is a complete disconnect between the conclusions that one would draw from the data, and the approach/outlook that Roubini proposes. Granted he's a Keynesian, and I believe in the Austrian school -- but I think there's more to his tune than meets the eye.
MS (profile) wrote on Thu, 7/16/2009 - 3:26 pm replyIgnore userAnyone that has plastic vagina's all over his house pretty much qualifies as jumping the shark in my book.
Ciao
MS
as opposed to real vagina's ....
i think that may have something to do with it...all his public partying came as a shock so the administation followed him and got him on something...ill take my colendar off now
gav-
heres the thing - after his paid for happy message, his hour long sermon was actually pretty good
not uber bearish, but very realistic with respect to the govts actions and the (lack of) recovery
seems like he has started tailoring his message dependent upon the forum
so sometimes he has his moments of clarity, whatever that means any more...