Gold: It's experiencing its exhaustion gap. I will liquidate the balance of the trading 40% at the end of the day if the gap doesn't close quckly. I have a stop loss at 1060. Profit is unquestionable. I'm a pig as to 10% of the position. So, 10% in 2 months unleveraged ain't bad. Now, if I had cajones, I would short this right here, waiting for 1045. But I don't trade against a trend. I know, very dumb..
The breakaway gap may see daylight very darned quickly. 1045, my next re-entry position, with a fat 10% extra, to boot, and that's unleveraged. Ah, but futures are leveraged... only don't tell Jim Sinclair or he'd say "no, don't do it." But then again, how does he expect me to pay for my lifestyle if I don't go for it when the goods are showered down, for those who understand to pick up?
The big move, the Great Doubling, is still in process. I'll restart it again at 1045.
Most things can be sold out of a vending machine unfortunately. IN SF they have T-Shirts in vending machines. Condoms, sodas, tampons, burritos, sandwiches, key chains, playing cards, phones, electronic toys anything that can be carried in one hand basically.
Having done a stint in Japan, I know. The fact that are only starting to do it here ala RedBox is more a testament to America's bassackwardness.
Actually since they changed the BK laws a few years ago a lot of lawyers didn't bone up on the new laws so many are coming in late. I think as the number of BK lawyers increases the true magnitude of BK will rear its ugly head
Wrong. W-R-O-N-G.
.
Lawyers have to get paid. There is no DiP financing for personal filings. If your client is broke--literally broke, not hiding funds broke--how do the lawyers get paid?
.
1. Filing Mill which means baby lawyers are chewed up like puppies in dog fights
2. Helping the rich hide funds.
.
Sadly, there are much more 1s than 2s (Apologies to NaRM).
New York shows shunned the basic shade for chocolate and yellow. - Sydney Morning Herald Online. The Sydney Morning Herald: national, world, business, entertainment, sport and technology news from Australia's leading newspaper. - Similar
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Green is the new black? Fashion goes ethical at Estethica ...
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Sep 23, 2009 ... Nature ,is the New Black ....Fashion Show Pics! To all of you who were able to make it to the show, THANKS! It was a fun and successful night ...
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WASHINGTON--Berkshire Hathaway Inc.'s planned purchase of Burlington Northern Santa Fe Corp. represents a bet that upcoming Washington policies to improve infrastructure and combat climate change will be a boon to the freight-railroad industry.
President Barack Obama has said railroad investment will be a cornerstone of his transportation policies, given the environmental benefits and improved mobility that come with taking cars and trucks off roads.
The White House set aside $8 billion in the economic-recovery act to improve passenger railroads--money that will directly benefit freight railroads since they own almost all of the lines used by Amtrak and regional commuter-rail operators.
</>
... The administration released a national railroad plan last month touting a recent government study that found that railroads are up to 5.5 times more fuel-efficient than trucks in carrying goods.
noob: There's been much gnashing of teeth all around the northern border states. A lot of business is done cross border both ways. So, enhanced licenses were offered which essentially replaced the need to carry a passport or other documentation. I don't travel there so I'm not sure how thats working out. The exchange rate between USD and Canadian also plays into that story. There is also travel on Lake Champlain that goes into Canada and into the St. Lawrence Seaway.
It all comes of trying to redefine bankruptcy as a problem rather than its longstanding societal utility as a solution. That attitude shift in the halls of governance is not surprising. When the people ran government, bankruptcy was a solution to their problems. When the financial industrial complex successfully co-opted the government as their own it was then that bankruptcy became a problem that needed to be fixed.
Let me reitterate; bankruptcy and foreclosure are time tested, effective and efficient resolutions to untenable economic circumstances. Attempts to thwart those processes are unreliable, inefficient and ultimately ineffective or worse.
noob: There's been much gnashing of teeth all around the northern border states. A lot of business is done cross border both ways. So, enhanced licenses were offered which essentially replaced the need to carry a passport or other documentation. I don't travel there so I'm not sure how thats working out. The exchange rate between USD and Canadian also plays into that story. There is also travel on Lake Champlain that goes into Canada and into the St. Lawrence Seaway.
Well, if you're ever bored and wander up to Ottawa for tourist-reasons, send me an email and I'll treat you to a beaver-tail and a cuppajoe.
I think I actually broke it with that post. It was beyond snark, and well into the realm of intentional thread troll.
I've spent hours and hours over the past two days in politically-sensitive discussions, so if I ever pop into these threads and say something completely politically incorrect, it's probably just my pressure valve venting.
Let me reitterate; bankruptcy and foreclosure are time tested, effective and efficient resolutions to untenable economic circumstances. Attempts to thwart those processes are unreliable, inefficient and ultimately ineffective or worse
I'm with ya. The student loan and credit card 'enhancements' to the BK laws (that make them hard to erase) should be repealed forthwith. Why should some kinds of debt be privileged in this way - particularly the student loan thing which will choke a whole generation.
Thanks MUCH! noob. I don't travel much but should you find yourself on this end the invitation is extended to here too...we make a mean brewski and superior ice cream/cheese from happy cows.
Bankruptcy, like divorce, won't break a society in small numbers. However, if people stop entering into contracts expecting fidelity, society will break down.
Finally have a contract for the sewer easement across my yard. Spoke with the office manager this AM for the atty who's reviewing it for me and she advised that he'll do it but they're asking for retainer check up front. She's spending too much time doing collections calls for unpaid bills.
A bad credit score or no credit score is a blessing in disguise.
That depends if you really need a place to live or sleeping on the streets is just fine with you.
Case in point, we tried to rent a house that wasn't selling quickly once. Made it clear in the ad a credit check was necessary. Those that applied with bad credit - forget it. Couldn't afford to take the chance on them.
I'm not saying every landlord does that. But it does shut a lot of doors.
The credit score BS needs to stop, its STUPID and INSANE. What I expect later out of this mess is a shift in social attitudes regarding debt, use of debt broadly. That won't happen however until people are able to live, raise a family and have ordinary lives without mortgaging their future or their great grand-childrens futures for that ordinary life.
and more documenting bernanke and grayson back and forth where fed admitts it (gave) "loaned" at what percent ? hahahah! more than half a trillion USD to foreign banks
When the financial industrial complex successfully co-opted the government as their own it was then that bankruptcy became a problem that needed to be fixed.
+10
they needed a way to slow it down (see graph), which they did, for a while. I wonder what new changes to bankruptcy law they will propose next as the right side of the chart grows ever higher? Perhaps raising the fees to file even more? That oughtta work.
Thanks MUCH! noob. I don't travel much but should you find yourself on this end the invitation is extended to here too...we make a mean brewski and superior ice cream/cheese from happy cows.
Vermont, or northeast New York? I'm in Montreal and Quebec City once in a while, but could be swayed to head south of the border for some yummy beer and cheese. I'll keep it in mind next time I'm in la belle province
That depends if you really need a place to live or sleeping on the streets is just fine with you.
Outsider,
I disagree. Save up a wad of cash and show them your bank statement. Or better yet, pay three months upfront and negotiate a discount. I've done the above and much more throughout my life. Putting money to work does not mean handing it over to Wall St. rip-off artists.
Avoiding usurous credit is the single best investment the majority can make.
Maybe we should have another kind of first-time tax credit — for those facing bankruptcy for the first time? Give them a refundable tax credit of $8,000 just for filing.
In lovely (and very expensive) Vermont! I live in the north/central mountains. Please do visit...the cheese, wine, beer and other locally produced small farm-fresh network foods are really exceptional and artisan. They have found a niche in gourmet markets.
*"...touting a recent government study that found that railroads are up to 5.5 times more fuel-efficient than trucks in carrying goods."
That depends on where you carry them from and where to. Some things are more efficient than rail, too (like barges and ships). Decentralized production is another way to go; nothing is simple.
Riding the rails was popular in the last depression, but it didn't do much for the railroads. WWII probably did, however.
i have a house that i've rented to people with crappy credit histories. i ask them to explain the situation and if they're willing to pony up a larger security deposit. if they are, then they're OK by me. i'd rather have good rental references and a larger security deposit, then someone with a decent credit score.
Yeah, but those were the days when the all-sacred credit score didn't interfere with just about any aspect of your life
If you don't like the way current credit scores work, you can try to set up your own system. There are various tailored versions of the current system. I expect some big entry barriers here, but the current system has lots of potential improvements, and opportunities for using additional types of data. If you are serious, try to convince major lender to sponsor your project.
In college, we had a coke machine with beers for a quarter.
Blatz, pbr, gennie cream...
Brother! Except it was Pabst Red, White & Blue. The only saving grace was I was on the fourth floor of the Commonwealth Ave brownstone and the beer was on the minus 2 floor.
Is there a graph of unemployment handy? I would guess that the bankruptcies are strongly correlated to the strong upturn in layoffs and unemployment running out, but could also be housing related.
We have several gift cards to Blockbuster, and their system is so screwed up we can only use them about every other time we go in. They can always read how much is on the card, but seem to have issues actually using them. Closest and pretty much only store by us is closing, so going to push management to "pay up sucker"
I worked with an engineer who at a previous job had rigged the coke machine to dispense beer, but only if a certain sequence of buttons was pushed. This kept it as myth to management , until they got bought out by a bigger company and the coke machine restocking got outsourced.
I am amazed that people buy iPods and other big ticket items out of vending machine, if your bag of chips gets stuck, no big deal.
I am amazed at how broke people are yet still have a cell phone with full data plan. I meet all kinds o f UE people on the bus that say they are UE yet they still pay 100/mo. WTF?
?"Brother can you spare a $100 bill to pay my phone bill"?
Mock,
I can't wait for the Sequel and the tie in merchandise!
what i get really upset with are companies that pre-bill, and then still require a credit check. why the hell does DirecTV or my cell phone company need a credit check? if i don't pay, shut down the service until i do.
actually now that i think about it, more cell phone companies are offering "no credit check plans"
I disagree. Save up a wad of cash and show them your bank statement. Or better yet, pay three months upfront and negotiate a discount.
Not to push the point AS, just hashing this out, maybe I can be persuaded otherwise.
If you file bk, chances are you don't have a wad of cash. Nor do you have very pretty bank statements.
Besides housing, many jobs now require credit checks. Will a bad score shut you out of those jobs? I'll bet yes.
Filing bk is just not the easiest solution in the world. It solves the immediate problem of relieving the outstanding debt, but there are derivative problems that are not going away as easily.
As far as not participating in the big borrowing game that the bankers set up, I agree with you there. But these people (the bk-ers) are alreaady on the losing end of that game.
I think he was more alluding to how intrusive credit scores have become in our life. Our employers now control just about every aspect of our life. When we sleep, what we do in our off time (drug testing), and now they can use our credit scores against us as well.
Hey, mock turtle does fashion! Although the hemline index went the way of all things some time ago, when the runways started showing all sorts of lengths at once. In any case, most women wear jeans, mostly. Except maybe in Dallas and Atlanta.
I am amazed at how broke people are yet still have a cell phone with full data plan. I meet all kinds o f UE people on the bus that say they are UE yet they still pay 100/mo. WTF?
?"Brother can you spare a $100 bill to pay my phone bill"?
Most carriers have 1-2 year contracts, as the hook for the "free" phone or free upgrade phone. I don't now how rigorously they enforce those contracts if you want out or quit paying, but imagine the threat has a lot to do with this sort of behavior.
If I were living on the edge and unemployed, it could be considered a life line to employment, but an free email and free internet at the library is a close second, and prepaid phones are about $20 around here.
Finance is NOT industry - it is the antithesis of production - extracting value, not creating it....
The Financial Deindustrial Complex or some such, grumble grumble / off
*"...touting a recent government study that found that railroads are up to 5.5 times more fuel-efficient than trucks in carrying goods."
That depends on where you carry them from and where to. Some things are more efficient than rail, too (like barges and ships). Decentralized production is another way to go; nothing is simple.
It was quoted to me in a logistics book that it was cheaper and more efficient to move a container of goods from Singapore to Los Angeles than it was to move it from Los Angeles to a destination a few hundred miles away. But try as I might I can't seem to relocate that study.
So yes, point of origin and destination will skew any analysis, and we likely won't be seeing trucks, rail, or boats disappear; just different relative utilizations.
Is Lawyer Liz around? A week or so ago we were having a debate reagrding how attorneys are classified by banks as "high risk" for money laundering purposes. Here is one of the reasons for that: Was Accused Ponzi Schemer Scott Rothstein Running Dirty Russian Money?
Even better, the accused is from southern Florida. Liz might have seen him in one of his expensive cars, or at a Bar Association meeting.
On today's David Rosenberg newsletter (sorry I could not copy and paste the portion of Dave's report) talkes about Gold and indicates reasons that gold is in bull market and he expect gold to double or tripple in 10 years. He is saying that those peole who missed the run form $250 should not be dissappointed as there is much up-ward run to go .
It was quoted to me in a logistics book that it was cheaper and more efficient to move a container of goods from Singapore to Los Angeles than it was to move it from Los Angeles to a destination a few hundred miles away.
Perhaps this is because the freighter doesn't get stuck in traffic and waste fuel idling in stop and go traffic
AND to maintain that score, you must be paying on some sort of debt. - nn
Or just to rent a house. We had to have a full-bore 3-agency scan done to sign the lease in NH. I'm wondering if the credit report is almost like a proxy for criminal background check. Landlords are paranoid about drug dealers renting, at least around here.
Since when has a Credit Score mattered? for the last 10 years it did not exist, so what make you think it is viable today.? I say it's all about how much cash you can put down....not your score...which in itself is a joke.
"The Solution"
Plot line: A formerly wealthy real estate magnate (George Clooney) can no longer afford his lavish lifestlye. He fakes his death to escape his debts and hideout in small town built in an newly dug 4 sq mile gold mine in Indonesia.
golman had a Q3 that was out of this world or er uh out of this universe
kinda like an evening of playing red or black with every spin of the roullette wheele and winning 90% of the time
is there cheating ...well gosh and golly
see zero hedge
"When a firm's trading performance challenges not only all preconceptions of realistic trading, but also of statistical distributions, one can merely stand back and watch in awe. Attached is a graphic of what a rigged, backstopped and manipulated market is all about. The chart demonstrates Goldman's YTD trading track record: out of 194 trading days in 2009, the firm has made over $100 million on 116 occasions!"
and again, who is educating the average consumer about products and how to manage finances? Reading some of these contracts are like trying to decipher yiddish while reading it upsidedown. They count (including CC companies, mortgage companies, health care companies) the average person cannot understand the technical language and loopholes which are only apparent if you are skilled enough to read between the lines and the ultimate GOTCHAs.
IT IS ALWAYS BUYER BEWARE more true today than I can recall in my life.
Finance is NOT industry - it is the antithesis of production - extracting value, not creating it....
The finance industry has one deliverable that is truly useful to society: credit. A serious reprioritization of society is necessary when we turn the provision of credit into the main industry, instead of a supporting industry.
Because we have to admit it: Wall Street invented some seriously cool and nifty credit instruments. Unfortunately, we forgot to sit back and realize that all they resulted in is finding a way for society to absorb greater levels of debt.
Actually, in Dallas they mostly wear neatly ironed jeans. - CM
What do they wear when it gets really blisteringly hot? Seriously, I've never been there except for the airport. Austin seems like tattoo/hipster territory, but I still associate Dallas with, well, "Dallas."
Senator Carly and Gov Meg will merge CA with NV and turn the combined state into the lowest cost gambling destination in the world with hotels starting at 5 dollars. The combined state will also accept nuclear material from all over the world
all out gang warfare breaks out between the mafia and the federal reserve of new york as competing gangs vie for territory in the loan shark business
the hells angels step in to help the city stem the wave of panic and violence as the mayor deputizes local chapters of motorcycle gangs to help police beat back the onslaught of the fedresrv and the mafia bloodshed
just a freakin' intermediation service, and now the tumor has grown damn near larger than the body that supports it...
I'm not defending them, EE--good lord no--but I gotta say that there are few 'industries' that do not play the intermediation 'service' role. When it comes right down to it, everything beyond initial resource extraction/production is really just a cog in the chain. And people don't pay sh*t for raw materials.
Well, except . I've heard people will pay crazy amounts to have it sit on a shelf somewhere.
Dont forget JPMorgan...
J.P. Morgan pays $700 million to settle with SEC - MarketWatch
How much junk did that county get stuck with?
From the story, it sounds like Morgan simply wrote down a receivable for most of the $700 million amount. Given Jefferson County's threats of BK, I am unsure of their prospects of collecting before the settlement. Anybody know if Morgan had already written down the receivable?
I don't get wireless where I am...yup there are really places like this! I have a gazillion rollover minutes on a prepay that gives me extra minutes for $100/yr. Despite my posting record here, I don't yap that much.
J.P. Morgan Securities settled the SEC's charges and will pay a penalty of $25 million, make a payment of $50 million to Jefferson County, and forfeit more than $647 million in claimed termination fees.
Agree other than checking in on the kids, or seeing how the wife's day is going, this cell thing is useless to me....but I never leave home with out it...just like my CCW.
That would be Conceal Carry Weapon for the Liberals.
Your condescension is duly noted. I was wondering what that was I was carrying in my purse (being a liberal and all) but thankfully now I know it is a CCW.
Legalization of pot comes to Breckenridge CO...'economic' solutions for a desperate local economies and maybe states?
In other discussion about the economy...just occured to me that the strong dollar was 'good' for U.S. militarization/expansion and various campaigns but that a weak dollar can undermine or put a crimp in expanding U.S. militarization and U.S. involvement and occupation in the Middle East...
Also, it appears Obama's advisors may be promoting various policies that are actually making Obama less popular with the public in some cases...
I have never once felt a level of concern for my safety that would warrant carrying around an instrument capable of deadly force.
Maybe you should move.
Perhaps you should send this blurt to your local Law enforcement agency...unless of course you think that it is ok for them to carry and not Law biding citizens....perhaps you should un-shelter yourself.
And why would I want to move? NH is a great place to live.......free that is.
"Maybe that's because the vampire Vampire Squid from Hell is in charge of the SEC, newly appointed COO is GS exec...."
ah yes
and as geithner moved up from president of the new york federal reserve bank to treasury secretary
who... pray tell ....did replace him
why of course william dudley ...from... where...else....goldman...sachs...of course... uh huh
"Before coming to the New York Fed in 2007, Dudley was chief economist at Goldman Sachs, the investment bank. He had been at Goldman since 1986, and has a doctorate in economics from the University of California at Berkeley."
Research Recap » Blog Archive » Payments Shocks Boost Alt-A, Subprime RMBS Delinquencies
I can't recall the ratio of sub-prime to alt-A loans, which is relevant in evaluating this report, but it claims that over the next 2 years 72% of sub-prime and 20% of alt-A loans written in in 2005-2007 will reset from IO to fully amortized. Even with current low interest rates there will be payment shock due to amortization.
I did such a thing and thankfully never had to use it as intended....just SHOW it. It saved my rear more than once and yeah, I went through all the BS to get CCW. Dirty little secret is a lot of women and in particular nurses working shifts do. The other little secret is...they are great shots. Some people don't have an option to 'just move'.
I personally know a lot of women who carry....my wife being one...and all my sisters do...Do they fell like Clint Eastwood.....no...do some work till 2 :00 am...yes.....do we go to the range yes......lot of misconceptions about firearms.....lots.
I've wandered through the downtown core of Toronto at 2AM wearing a suit, overcoat, and carrying a wardrobe bag, and didn't remotely fear for my safety.
But I've broken my personal rule about never getting involved in a discussion about firearms on the internet. Excuse me all, I'm going to leave this discussion. Conceal carry to your hearts content.
It's mind numbing isn't it mock? Akin to a horror movie where only a select few can see through the benevolent facade the evil doers wear. At some point (I keep telling myself this anyway) the left and the right and everyone in between is going to figure out who is really pulling their strings and pissing on their legs.
I've wandered through the downtown core of Toronto at 2AM wearing a suit, overcoat, and carrying a wardrobe bag, and didn't remotely fear for my safety.
But I'm breaking my personal rule about never getting involved in a discussion about firearms on the internet. Excuse me all, I'm going to leave this discussion. Conceal carry to your hearts content.
I agree to each his own....next time your in the area take an evening stroll through downtown Lowell, I am sure you will restate your position real quick....Nuff said.
bankruptcy costs,i couldnt and lots more people couldnt go bk for that reason. and i imagine its going to get worse. so you go more people going and more people that cant go.
She's spending too much time doing collections calls for unpaid bills.
Good stuff. I've done a stint or two tracking down people with unpaid bills. Some of them are nice enough to call here and ask for a referral to a BK lawyer. For the kids out there: Beware of going to law school at this time.
.
You have much competition and a shrinking pool clients who can pay.
i live in a state that is often cited as liberal although i think the term lib-con is useless
we were one of the first states west of the mississippi to be a "shall issue" state when it came to concealed weapons permitts
during a time when we had two dems as us senators and a dem gov with dem control of lower house
the state "strengthened" its concealed carry laws to the favor of citiziens rights, continuing more than a half century of recognitions of those rights
im a registered democrat...although that may soon change thanks to tarp and obamas continuing support of geithner, summers and the bankstas
im a life time member of the NRA...do ya think i pack heat?
For the past forty years we have been recycling the elite from public sector to private sector and back to public and back to private. Now That The Government of Sachs is in charge we can see another forty years of corrupt, elite Bankster's in charge.
I am extremely concerned that flash orders have further corrupted an already corrupt market. Allowing the investment houses this exception seems to be highly disadvantageous to smaller investors who cannot take advantage of the two-tiered trading system hidden from public view. Given the incredible amounts of fraud uncovered in the markets recently, to let this continue is a travesty to a free market. I have read that Goldman Sachs acknowledges they will make $8 billion from their trading software this year, and it is incredible to me that they know in advance how much their HFT software will skim from the markets. I would like to see a level playing field for all investors, so that these financial companies can't take advantage of others. I don't understand why these companies get such preferential treatment from the government and SEC when they pay almost no taxes, put the financial health of the country at risk, and skim money from investors using specialized software.
A fine public comment from a "software engineer" at the SEC site on the proposed rule.
Rob Dawg wrote:
How do you Tax Prostitution? Where would you slide your Debit card??.....oh wait.
Gilt edged negotiable blondes?
I'm looking forward to a blow off top-
In other news: Carly "Carlyfornia" Fiorina is running for US Senate. Perhaps she can do as good a job as Senator as she did at HP? BWAHAHAHAHAHA
AND Lucent(the queen of vendor financing) AND McCain's campaign CEO.
My realtor and builder friends are clinging to the new credit like limpets, hoping it will save them. I don't have the heart to bust their illusions. A couple of these guys are so lacking in work they've agreed to help me move. Reduced from very talented and skilled craftsmen to day labor.
Don't worry nova - your secret is safe with me, the 70 users and 538 guests online, who are known not to share personal information gleaned from this site with anyone.
im a life time member of the NRA...do ya think i pack heat?
I would not know if you did, that is the whole Idea of CCW...yes I too am a 15 year member....by the way where is my free flash light Many think because you carry that, this is your first option in a fight or what ever...very bad misconception...very. If one CCW you would understand. Acutally it make you more apt to stay our of trouble, as you can lose your right in a heartbeat if you screw up.
The homebuyer taxcredit really is the worst idea of all time in RE markets that are continuing to lose valuation. As bad as the subprime lending, Option Arms, and no doc loans anyway...
Canada is VERY different from the US in terms of safety in large cities.
I lived in Toronto for many years and like noob walked around at 2 am downtown never fearing for my safety. You could count on one hand the number of dangerous neighborhoods and that's for a city of 2m.
Living in the US now I would never try that.
It's rather useless to debate these things on the Internet as in general the level of violence, willingness to use violence to solve confrontations, right to carry arms issue etc... are very different between Canada and the US.
Canadians can't fathom why you would need to carry a weapon and Americans can't fathom why you wouldn't or shouldn't have the right to.
Given the size of people's debts, they could support some fancy lawyers.
Having worked with a client who is use to rolling around with 600k/yr income and is now enjoying 120k/yr income, size of people's debts is a cash flow problem. Unfortunately since the cash ain't flowing, the debt is growing.
.
Fancy lawyers do well helping people prepare and plan a BK, and what I'm seeing now is more of people blindsided by the cash flow drying up and debt service is eating away at whatever hope they had in planning their BK. No nut saved for this cracking means no lawyers helping to save your nuts.
.
Also, BK folks tend to avoid bartering for practical reasons, and the sex for credit arrangement is a board complaint waiting to happen...
The homebuyer taxcredit really is the worst idea of all time in RE markets that are continuing to lose valuation. As bad as the subprime lending, Option Arms, and no doc loans anyway...
I looked at Zillow a couple of days ago and noticed that prices in my neighborhood were up substantially since I last looked. What's the URL for that other website that is purported to have better online appraisals?
nanoo
couldnt we pick on south dakota,since the more predator cc are there.?
like" stop that now" emails?
we have enough trouble with the tbtf with their cute little fees.
John Crosbie, the Lt-Governor of Newfoundland, welcomed Prince Charles and Camilla wearing a seal-skin jacket.
Who says we Canadians don't like to piss off owl-squeezing, whale petting, tree-hugging Europeans? Hah!
And this is after the Lt-Gov of Canada ate raw seal heart! Sometimes I love this place.
If it wasn't for sealing season, my brother's Newfie inlaws would never go home.
Cinco,
If the prices are up...is that the 'selling' prices?
The important issue is the actual 'appraisals' and where they come in at on a purchase contract and of course can the ready, willing, & able buyer really get the financing to close the deal. Also appraisers are being look at very closely by regulators and will now undershoot the 'mark' if the moving 'valuation' mark can even be trusted, either up or down in these weird markets of deflation mostly.
splate
i think that she is way too late to use that as a slogan
now if she just wants to get before the loot is gone and get hers
that might work as a slogan.
Huh if I wasn't normal I would almost consider this an insult.
I was arguing one perspective, you were arguing the other. We could have carried on for hours, but that poic, who lived both, jumped in to rescue us from our collective ignorance. It was props to him, not a slam to you
I hail from tobaker country...moved to snuff country (nothing like a wad coming out of pickup truck at 85mph hitting your windshield on the interstate) and now I'm in Mary Jane country! WOW! What fun! I like the Mary Jane crew the best, they drive SLOW.
I have this feeling that the Fed is at least going to make a wording change that will stir things up. - SL
I'll take that bet. My feeling is, they'll obfuscate in the general direction of "steady as she goes." AKA, "we don't know WTF we're doing." But since the markets are in a good mood today, they may go all anyway.
sayin there is no such thing as climate change
i love the arrogance
I love how when it comes time to ridicule it's always climate change and never anthropogenic global warming. Why is that?
The Carly F bashing is funny too. This is hardly a battle of the titans. Boxer has ineffectively advanced California's interests in Washington. All it tells me is that the smrtest players in the room don't want the job. Remember, neither side needs California politically, it is a fixture, a potted plant.
If the prices are up...is that the 'selling' prices?
The important issue is the actual 'appraisals' and where they come in at on a purchase contract and of course can the ready, willing, & able buyer really get the financing to close the deal.
It's the price listed on zillow; there's an $80k difference between zillow and cyberhomes. I suspect that cyberhomes is a lot closer.
splat
i think i broke their server yesterday.
but i cant look for "people of walmart" im too busy trying to find the things on my list,(my walmart is remodeling) will be great but not now.
"Wow, you really didn't know what you were getting in to moving to Oakland?
I have a friend who used to live in El Cerrito, but he and his wife bailed after they had kids. Nice-ish area, but way too close to the scary bits."
Well it's a bit like moving anywhere. You know it's different but not THAT different.
We had to stay at a friends place for a few days till we found an apartment in Fremont.
Now driving across the over pass separating East Palo Alto from Palo Alto REALLY blew our mind.
You just never see the whole rich pocket next to poor pocket thing in Toronto.
You know, short-term day trading advice is dime-a-dozen on the Internet and a pollution of blog space. You're probably going to be right 55% of the time and wrong 45%, and there's a place on the Net for it, where people want that kind of daily casino action.
I wouldn't mind so much if you were talking about tech stocks. But there's a lot of people here on CR who have fundamental convictions about gold one way or the other. You're not really adding much to their world.
The local GOP in NY-23 guaranteed there would be a liberal taking that seat in any case. Haven't we learned by now that party affiliation doesn't really mean much these days?
I hail from tobaker country...moved to snuff country (nothing like a wad coming out of pickup truck at 85mph hitting your windshield on the interstate) and now I'm in Mary Jane country! WOW! What fun! I like the Mary Jane crew the best, they drive SLOW.
Heh, heh So your hub's pickup had tobacky streaks running down BOTH sides of the bed, huh?
Cyberhomes number can be wacky as well. I just looked at one that I am familiar with - sold for $375K in 2000, cyberhomes has it listed as a foreclosure for over $1.9 million.
Haven't we learned by now that party affiliation doesn't really mean much these days?
Wrong.
.
Republican in NY-23 is not Palin/Beck Republican. They need to stop trying abscond with the party and accept the fact that they are a political minority--even within their own party--and should be treated as such. ugh
.
They are the R(H)INOs, not moderates like the one sunk in NY-23.
"You know, short-term day trading advice is dime-a-dozen on the Internet and a pollution of blog space. You're probably going to be right 55% of the time and wrong 45%, and there's a place on the Net for it, where people want that kind of daily casino action.
I wouldn't mind so much if you were talking about tech stocks. But there's a lot of people here on CR who have fundamental convictions about gold one way or the other. You're not really adding much to their world."
that's a bit over the board coming from someone who pops in and out talking about 2% moves in miners or grains or pms. Slumdogs posts are very similar to some of yours.
If anyone missed Rob Dawg's comment at 11:43 on bankruptcy, go back and read it. Then do a thought experiment by expanding it to every economic/political problem we face today.
But Krugman 'should' know from his own earlier macroeconomic 'currency crisis' research & models that more 'unsustainable' government stimulus (spending) will weaken the Dollar further and subject it to more 'speculator attacks'...
i can see it now the senator inhofe standing at the edge of the last glacier in greenland with his pants down around his ankles pissin into the atlantic ocean while giving an interview on his cell phone
Since fresh water intrusion is what they claim will shut down the mid -ocean pump, adding a little salt should be a good thing, right?
Now driving across the over pass separating East Palo Alto from Palo Alto REALLY blew our mind.
The thousands of workers that support hundreds of businesses in Menlo Park and Palo Alto but can't afford to live there, come from East Palo Alto, Redwood city etc. That includes the police and firemen.
The peeps typing in the data for cyberhomes, zillow, etc. are probably not getting much money. And I'll bet it's a production job, too, which means you get paid more on quantity than quality. Map-making is the same way.
I'm with you nova: up, up and away on my broomstick...whats your mode of transportation- OH and in keeping the the sidebar environmental discussion that broom is 100% recyclable and produces no carbon emissions except if I have a lunch of a bean burrito.
No time to read thread, but I'm getting that end of the world feeling again.
Miami Dade County baliff told me there is between 350 and 750 boxes of unfilled
papers; they are docketed and then thrown in a box, not enough staff to file them;
so many layoffs that the situation is now really broken.
I said this was a lack of due process issue; Bailiff said clerk took it to the Florida
Supremes, who said it wasn't and that they should prioritized. I'm not kidding.
How can you prioritize one divorce or foreclosure over another.
I like trivia. I am reading a book published 50 years on antiques just because it is filled with trivia like why mahgoney became popular for dining room tables.
I love overlaying CR's headline on BK with Goldman Sachs 98.4% winning %
I'm sure GS gets a kick out of all the ignorant speculation about their trading that goes on in the blogosphere.
There's not a person in GS who knows whether it was a "winning day" or a "losing day," on either a current trading or lookback basis. There's more trading books and positions in GS than you can imagine, and some of them are pretty buried.
Here's what you need to know: GS allocates opportunity (capital and volatility) to prop traders who perform. You earn profits over time (weeks) with your book. If you're successful, you can trade more volatile markets with more capital and leverage. Vice versa if you lose. It's a Darwinian system, with the bonuses matching results.
If you're a smart trader, you try to cultivate friends and see their books and flows. But good traders develop friends outside GS and enemies inside. It's not a monolithic or top-down firm. It's just a unique survival/allocation culture.
I have never once felt a level of concern for my safety that would warrant carrying around an instrument capable of deadly force.
Really? There's nowhere near your house that you feel safe in a car but not on foot? 3000 lbs of steel and a few hundred horsepower can be fun, empowering, and make you feel safe. Thieves with knives don't even bother to threaten you. If they have a gun, most likely they have to catch you when the car is stopped. Even then, it's kind of risky for them if the engine is on.
I said this was a lack of due process issue; Bailiff said clerk took it to the Florida
Supremes, who said it wasn't and that they should prioritized. I'm not kidding.
.
How can you prioritize one divorce or foreclosure over another.
I can just see it now. Law students studying the "Prioritize Due Process" line of thinking as it was introduced in the 2010s. We all get due process. Not all of us get priority!
.
I guess some people really are more equal than others.
noob- I have walked the streets of Oakland, San Francisco, and San Diego at night,...without a gun! Well, not the bad parts of town, but then, I wouldn't go there with a gun either.
Really? There's nowhere near your house that you feel safe in a car but not on foot? 3000 lbs of steel and a few hundred horsepower can be fun, empowering, and make you feel safe.
Living in the south my entire life save the last 10 years has provided some very interesting social insights and regional differences. Some I expected, others I did not. Amazingly, I fit in better here than I ever did down there.
I have walked the valley of death unafraid. Because I knew that I possesed - clenched in my pocket - a firm handshake and upon my visage, a warm smile.
Get It While You Can...
Get 'in' while you still can on the dollar carry trade and the commodity etf's...come on in to the really big show...right in here...get in the pump before the dump...hurry time is limited...hurry, hurry, get it while you can...
For the past forty years we have been recycling the elite from public sector to private sector and back to public and back to private. Now That The Government of Sachs is in charge we can see another forty years of corrupt, elite Bankster's in charge.
Precisely, as there is no difference between the corporate community and the government- same people, same interests.
Capitalism, even when it first arose in the Italian City States, always need a strong government to enforce it's rules.
Bullish for lawyers!
Gold: It's experiencing its exhaustion gap. I will liquidate the balance of the trading 40% at the end of the day if the gap doesn't close quckly. I have a stop loss at 1060. Profit is unquestionable. I'm a pig as to 10% of the position. So, 10% in 2 months unleveraged ain't bad. Now, if I had cajones, I would short this right here, waiting for 1045. But I don't trade against a trend. I know, very dumb..
The breakaway gap may see daylight very darned quickly. 1045, my next re-entry position, with a fat 10% extra, to boot, and that's unleveraged. Ah, but futures are leveraged... only don't tell Jim Sinclair or he'd say "no, don't do it." But then again, how does he expect me to pay for my lifestyle if I don't go for it when the goods are showered down, for those who understand to pick up?
The big move, the Great Doubling, is still in process. I'll restart it again at 1045.
Any data available on the average amount of debt released per filing? DIdn't see anything in the press release.
like ive said before
bankruptcy...the new black
Eric wrote:
Bullish for everyone, because there are fewer competitors...or something.
I'm sure we'll hear some sort of
spin before the day is out.
... and check out that first derivative!
or for that matter, the 2nd derivative.
Having done a stint in Japan, I know. The fact that are only starting to do it here ala RedBox is more a testament to America's bassackwardness.
through-a-glass-less-darkly: Personal Finance News from Yahoo! Finance
Yet another fluff piece full of bullsh*t from the New York Times! Two loads of shizzle in one morning
BTW anyone else notice the time change in the upcoming T-bill auction?
Treasury to auction record $81 billion next week - MarketWatch
from 1pm EST to 11:30am..
No doubt to help out our european friends.
Ciao
MS
mock turtle wrote:
Why does everything have to be a race issue with you Americans?
/tents fingers and waits for carnage to unfold.
Obcomment: This is inflationary, right?
Eric "Bullish for lawyers"
Actually since they changed the BK laws a few years ago a lot of lawyers didn't bone up on the new laws so many are coming in late. I think as the number of BK lawyers increases the true magnitude of BK will rear its ugly head
Eric wrote:
Wrong. W-R-O-N-G.
.
Lawyers have to get paid. There is no DiP financing for personal filings. If your client is broke--literally broke, not hiding funds broke--how do the lawyers get paid?
.
1. Filing Mill which means baby lawyers are chewed up like puppies in dog fights
2. Helping the rich hide funds.
.
Sadly, there are much more 1s than 2s (Apologies to NaRM).
noob goldberg
i assume your snark meter is pinned
but just in case
#
Colour ... it's the new black - Fashion - Sydney Morning Herald - Business & World News Australia | smh.com.au
New York shows shunned the basic shade for chocolate and yellow. - Sydney Morning Herald Online.
The Sydney Morning Herald: national, world, business, entertainment, sport and technology news from Australia's leading newspaper. - Similar
#
“In Fashion, Green.... is the New Black” Slideshow | Fast Company
May 8, 2008 ... How to wear green 24/7 without looking like a tree.
Page Not Found | Fast Company - Cached - Similar
#
Green is the new black? Fashion goes ethical at Estethica ...
This London Fashion Week has been a week of firsts - with numerous designers challenging some of the more negative criticisms levelled at the fashion ...
Green is the new black? Fashion goes ethical at Estethica | FashionWindows Network - Cached - Similar
#
Sew Dandee- For All Things Dandee!: Nature is the New Black ...
Sep 23, 2009 ... Nature ,is the New Black ....Fashion Show Pics! To all of you who were able to make it to the show, THANKS! It was a fun and successful night ...
sewdandee.blogspot.com/.../nature-is-new-black-fashion-show-pics.html - Cached - Similar
#
Men's Fashion | The New Black - The Moment Blog - NYTimes.com
Jun 26, 2008 ... On the DSquared runway, an homage to famous men of color. Was this political correctness or a marketing strategy? (ETA) MILAN - Italy is not ...
themoment.blogs.nytimes.com/.../mens-fashion-the-new-black/ - Cached - Similar
#
Curbed: Small is the New Black
Oct 12, 2009 ... Small is the New Black. Monday, October 12, 2009, by Joey ... Fancypants fashion designers Mark Badgley and James Mischka (of Badgley ...
curbed.com/archives/2009/10/.../small_is_the_new_black.php - Cached - Similar
#
Fall 2005 Fashion Trends
Sample a bit from each Fall 2005 fashion trend and mix it in a unique way, making it personal with jewelry, color and layering. Black is the New Black ...
Trains! WSJ: Rail Deal Is Bet on Obama's Infrastructure, Climate Policies
WASHINGTON--Berkshire Hathaway Inc.'s planned purchase of Burlington Northern Santa Fe Corp. represents a bet that upcoming Washington policies to improve infrastructure and combat climate change will be a boon to the freight-railroad industry.
President Barack Obama has said railroad investment will be a cornerstone of his transportation policies, given the environmental benefits and improved mobility that come with taking cars and trucks off roads.
The White House set aside $8 billion in the economic-recovery act to improve passenger railroads--money that will directly benefit freight railroads since they own almost all of the lines used by Amtrak and regional commuter-rail operators.
</>
...
The administration released a national railroad plan last month touting a recent government study that found that railroads are up to 5.5 times more fuel-efficient than trucks in carrying goods.
mock is a fashion maven.
noob: There's been much gnashing of teeth all around the northern border states. A lot of business is done cross border both ways. So, enhanced licenses were offered which essentially replaced the need to carry a passport or other documentation. I don't travel there so I'm not sure how thats working out. The exchange rate between USD and Canadian also plays into that story. There is also travel on Lake Champlain that goes into Canada and into the St. Lawrence Seaway.
No hat tip for Nanoo? I think she linked this yesterday.
Chart confirms my longtime suspicion.
How the regulations are written just do not matter.
A certain part of the population is going to go belly up, and at best the process can be pushed out or pulled in the way C4C did with auto sales.
I hate blind application of revert-to-mean thinking, but in this case I've cast my lot with the generalists.
It all comes of trying to redefine bankruptcy as a problem rather than its longstanding societal utility as a solution. That attitude shift in the halls of governance is not surprising. When the people ran government, bankruptcy was a solution to their problems. When the financial industrial complex successfully co-opted the government as their own it was then that bankruptcy became a problem that needed to be fixed.
Let me reitterate; bankruptcy and foreclosure are time tested, effective and efficient resolutions to untenable economic circumstances. Attempts to thwart those processes are unreliable, inefficient and ultimately ineffective or worse.
Jim Portland
BHO polices are scatter shots. How many rail systems carry passengers and cargo? He does not specify light/heavy rail.
Scatter shots in the wrong direction IMO
Nanoo-Nanoo wrote:
Well, if you're ever bored and wander up to Ottawa for tourist-reasons, send me an email and I'll treat you to a beaver-tail and a cuppajoe.
maybe NaRM has been offline due to the vetting process in DC...
.
we'll know if they announce a train czar...
V (anquished) shaped recovery.
Who wants to bet that Former NJ governor gets a job at the White House before the end of the Year. Obama stumped for this guy...
mock turtle wrote:
I think I actually broke it with that post. It was beyond snark, and well into the realm of intentional thread troll.
I've spent hours and hours over the past two days in politically-sensitive discussions, so if I ever pop into these threads and say something completely politically incorrect, it's probably just my pressure valve venting.
JP
yes fashion...puttin on the ritz
the hemline index says the dow index is tracked by the length of womens skirts
Hemline index - Wikipedia, the free encyclopedia
Dollar gaining, look for a lunch time reversal.
bankruptcy and foreclosure are time tested, effective and efficient resolutions to untenable economic circumstances.
Yeah, but those were the days when the all-sacred credit score didn't interfere with just about any aspect of your life.
Now file bk, and try to find a job, rent an apt., pay lower car ins. rates, whatever. Bk doesn't just solve problems; it creates them.
Rob Dawg wrote:
I'm with ya. The student loan and credit card 'enhancements' to the BK laws (that make them hard to erase) should be repealed forthwith. Why should some kinds of debt be privileged in this way - particularly the student loan thing which will choke a whole generation.
Thanks MUCH! noob. I don't travel much but should you find yourself on this end the invitation is extended to here too...we make a mean brewski and superior ice cream/cheese from happy cows.
Regarding increasing bankruptcies:
As with taxes, creative destruction and competitive markets are for the little people.
'Who wants to bet that Former Goldman Sachs chairman gets a job at the White House before the end of the Year. Obama stumped for this guy... '
without a doubt
nah, not necessary at all, easy find.
Bankruptcy, like divorce, won't break a society in small numbers. However, if people stop entering into contracts expecting fidelity, society will break down.
Yagij/Eric re Bullish for Lawyers.
Finally have a contract for the sewer easement across my yard. Spoke with the office manager this AM for the atty who's reviewing it for me and she advised that he'll do it but they're asking for retainer check up front. She's spending too much time doing collections calls for unpaid bills.
yagij wrote:
In Japan, you can get a beer out of a vending machine, and in Guam, Betel Nut (quite an interesting drug)
Yeah, but those were the days when the all-sacred credit score didn't interfere with just about any aspect of your life.
A bad credit score or no credit score is a blessing in disguise. Seriously. You can't get ahead with CONsumption debt.
CONsumption debt is ruinous. That is why the financial world pushes it so hard.
badger wrote:
On the upside, we wouldn't have to spend $500 per summer on wedding gifts any more. Which would be nice.
Japan Spirals into Bankruptcy?
Japan Spirals into Bankruptcy?
Bankruptcy is the cure, not the disease.
A bad credit score or no credit score is a blessing in disguise.
That depends if you really need a place to live or sleeping on the streets is just fine with you.
Case in point, we tried to rent a house that wasn't selling quickly once. Made it clear in the ad a credit check was necessary. Those that applied with bad credit - forget it. Couldn't afford to take the chance on them.
I'm not saying every landlord does that. But it does shut a lot of doors.
The credit score BS needs to stop, its STUPID and INSANE. What I expect later out of this mess is a shift in social attitudes regarding debt, use of debt broadly. That won't happen however until people are able to live, raise a family and have ordinary lives without mortgaging their future or their great grand-childrens futures for that ordinary life.
Rob Dawg wrote
"It all comes of trying to redefine bankruptcy as a problem rather than its longstanding societal utility as a solution."
absolutely agree
and this is why we have to get rid of the federal reserve which extends endless free "loans" to its friends
under the guise of saving the system
ffedresrv
great piece over at washintons blog arguing persuasively why we should terminate the federal reserve
Washington's Blog
and more documenting bernanke and grayson back and forth where fed admitts it (gave) "loaned" at what percent ? hahahah! more than half a trillion USD to foreign banks
Congressman Grayson: Fed Secretly "Stuffed" $500 Billion into "Foreign Private Pockets" and Gave $230 Billion to Citi "As a Secret Bailout" ~ Washington's Blog
In college, we had a coke machine with beers for a quarter.
Blatz, pbr, gennie cream...
"demonstrates the sustained stress on the U.S. economy"
BK relieves stress on borrowers, adds stress to lenders.
Shill
You gotta believe its going to get there. It would be a watershed moment as UK/USA are heading in the same direction.
RD
BK will soon be as acceptable as debt was a few years ago.
BK at this point in time is Consumption debt, a lesson learned, I HOPE.
When the financial industrial complex successfully co-opted the government as their own it was then that bankruptcy became a problem that needed to be fixed.
+10
they needed a way to slow it down (see graph), which they did, for a while. I wonder what new changes to bankruptcy law they will propose next as the right side of the chart grows ever higher? Perhaps raising the fees to file even more? That oughtta work.
Nanoo-Nanoo wrote:
Vermont, or northeast New York? I'm in Montreal and Quebec City once in a while, but could be swayed to head south of the border for some yummy beer and cheese. I'll keep it in mind next time I'm in la belle province
yagij wrote:
Careful about the sushi vending machines, unless you're really sure about how fresh they keep them
$81 BB, no TIPS for you.
I think I close out TBT if it pops.
That depends if you really need a place to live or sleeping on the streets is just fine with you.
Outsider,
I disagree. Save up a wad of cash and show them your bank statement. Or better yet, pay three months upfront and negotiate a discount. I've done the above and much more throughout my life. Putting money to work does not mean handing it over to Wall St. rip-off artists.
Avoiding usurous credit is the single best investment the majority can make.
Maybe we should have another kind of first-time tax credit — for those facing bankruptcy for the first time? Give them a refundable tax credit of $8,000 just for filing.
In lovely (and very expensive) Vermont! I live in the north/central mountains. Please do visit...the cheese, wine, beer and other locally produced small farm-fresh network foods are really exceptional and artisan. They have found a niche in gourmet markets.
*"...touting a recent government study that found that railroads are up to 5.5 times more fuel-efficient than trucks in carrying goods."
That depends on where you carry them from and where to. Some things are more efficient than rail, too (like barges and ships). Decentralized production is another way to go; nothing is simple.
Riding the rails was popular in the last depression, but it didn't do much for the railroads. WWII probably did, however.
i have a house that i've rented to people with crappy credit histories. i ask them to explain the situation and if they're willing to pony up a larger security deposit. if they are, then they're OK by me. i'd rather have good rental references and a larger security deposit, then someone with a decent credit score.
The spread between have and have nots widens
I love overlaying CR's headline on BK with Goldman Sachs 98.4% winning %
Fund My Mutual Fund: Goldman Sachs (GS) Q3 Winning Percentage: 98.4%
Oh well maybe Goldman will give some to charities
that'll fix it
Outsider wrote:
If you don't like the way current credit scores work, you can try to set up your own system. There are various tailored versions of the current system. I expect some big entry barriers here, but the current system has lots of potential improvements, and opportunities for using additional types of data. If you are serious, try to convince major lender to sponsor your project.
bankruptcy, the movie...
coming soon to a government near you
brought to by
a country that gave away its authority to control its own currency
1 currency now -yogi wrote:
Brother! Except it was Pabst Red, White & Blue. The only saving grace was I was on the fourth floor of the Commonwealth Ave brownstone and the beer was on the minus 2 floor.
Is there a graph of unemployment handy? I would guess that the bankruptcies are strongly correlated to the strong upturn in layoffs and unemployment running out, but could also be housing related.
We have several gift cards to Blockbuster, and their system is so screwed up we can only use them about every other time we go in. They can always read how much is on the card, but seem to have issues actually using them. Closest and pretty much only store by us is closing, so going to push management to "pay up sucker"
I worked with an engineer who at a previous job had rigged the coke machine to dispense beer, but only if a certain sequence of buttons was pushed. This kept it as myth to management , until they got bought out by a bigger company and the coke machine restocking got outsourced.
I am amazed that people buy iPods and other big ticket items out of vending machine, if your bag of chips gets stuck, no big deal.
Are we talking personal, corporate, or government bk?
Different issues involved.
Trader Walt, it'll trickle down. Ronnie promised it would.
up until this post, CR, you had always finished these ABI posts with 'I'll take the over'
what changed?
I am amazed at how broke people are yet still have a cell phone with full data plan. I meet all kinds o f UE people on the bus that say they are UE yet they still pay 100/mo. WTF?
?"Brother can you spare a $100 bill to pay my phone bill"?
Mock,
I can't wait for the Sequel and the tie in merchandise!
Is Lawyer Liz around? A week or so ago we were having a debate reagrding how attorneys are classified by banks as "high risk" for money laundering purposes. Here is one of the reasons for that: Was Accused Ponzi Schemer Scott Rothstein Running Dirty Russian Money?
"Heineken? F@ck that sh!t - Pabst Blue Ribbon!"
what i get really upset with are companies that pre-bill, and then still require a credit check. why the hell does DirecTV or my cell phone company need a credit check? if i don't pay, shut down the service until i do.
actually now that i think about it, more cell phone companies are offering "no credit check plans"
I disagree. Save up a wad of cash and show them your bank statement. Or better yet, pay three months upfront and negotiate a discount.
Not to push the point AS, just hashing this out, maybe I can be persuaded otherwise.
If you file bk, chances are you don't have a wad of cash. Nor do you have very pretty bank statements.
Besides housing, many jobs now require credit checks. Will a bad score shut you out of those jobs? I'll bet yes.
Filing bk is just not the easiest solution in the world. It solves the immediate problem of relieving the outstanding debt, but there are derivative problems that are not going away as easily.
As far as not participating in the big borrowing game that the bankers set up, I agree with you there. But these people (the bk-ers) are alreaady on the losing end of that game.
I think he was more alluding to how intrusive credit scores have become in our life. Our employers now control just about every aspect of our life. When we sleep, what we do in our off time (drug testing), and now they can use our credit scores against us as well.
"Regarding increasing bankruptcies:
As with taxes, creative destruction and competitive markets are for the little people."
Indeed. The aristocrats are above the fray.
Hey, mock turtle does fashion! Although the hemline index went the way of all things some time ago, when the runways started showing all sorts of lengths at once. In any case, most women wear jeans, mostly. Except maybe in Dallas and Atlanta.
Most carriers have 1-2 year contracts, as the hook for the "free" phone or free upgrade phone. I don't now how rigorously they enforce those contracts if you want out or quit paying, but imagine the threat has a lot to do with this sort of behavior.
If I were living on the edge and unemployed, it could be considered a life line to employment, but an free email and free internet at the library is a close second, and prepaid phones are about $20 around here.
Finance is NOT industry - it is the antithesis of production - extracting value, not creating it....
off
The Financial Deindustrial Complex or some such, grumble grumble /
wally wrote:
It was quoted to me in a logistics book that it was cheaper and more efficient to move a container of goods from Singapore to Los Angeles than it was to move it from Los Angeles to a destination a few hundred miles away. But try as I might I can't seem to relocate that study.
So yes, point of origin and destination will skew any analysis, and we likely won't be seeing trucks, rail, or boats disappear; just different relative utilizations.
Exactly. AND to maintain that score, you must be paying on some sort of debt.
This was released this morning. The report yesterday was for business bankruptcies ... so many BK report it is hard to keep track!
best to all
Terry wrote:
Even better, the accused is from southern Florida. Liz might have seen him in one of his expensive cars, or at a Bar Association meeting.
On today's David Rosenberg newsletter (sorry I could not copy and paste the portion of Dave's report) talkes about Gold and indicates reasons that gold is in bull market and he expect gold to double or tripple in 10 years. He is saying that those peole who missed the run form $250 should not be dissappointed as there is much up-ward run to go .
They enforce the contract. F'in Verizon.
Perhaps this is because the freighter doesn't get stuck in traffic and waste fuel idling in stop and go traffic
Fortunately they are all trailing indicators of the end of the recession. BRB, just gotta take another jolt of hopium...
~splat
trannies down, russell and financials barely up today. all bearish signs in my opinion.
Shhhh, don't tell my wife. I told her I was just doing research.
Verizon imposes a $175 early termination fee.
AND to maintain that score, you must be paying on some sort of debt. - nn
Or just to rent a house. We had to have a full-bore 3-agency scan done to sign the lease in NH. I'm wondering if the credit report is almost like a proxy for criminal background check. Landlords are paranoid about drug dealers renting, at least around here.
Since when has a Credit Score mattered? for the last 10 years it did not exist, so what make you think it is viable today.? I say it's all about how much cash you can put down....not your score...which in itself is a joke.
Mock
Can't wait for Heist movies 10 years from now.
"The Solution"
Plot line: A formerly wealthy real estate magnate (George Clooney) can no longer afford his lavish lifestlye. He fakes his death to escape his debts and hideout in small town built in an newly dug 4 sq mile gold mine in Indonesia.
Oooh.. a gold bubble !
~splat
In other news: Carly "Carlyfornia" Fiorina is running for US Senate. Perhaps she can do as good a job as Senator as she did at HP? BWAHAHAHAHAHA
Avoiding usurous credit is the single best investment the majority can make.
Decentralized production is another way to go
two excellent comments ~
He is saying that those peole who missed the run form $250 should not be dissappointed as there is much up-ward run to go .
yes, but now it's 4.5x harder to get in ~
TraderMark
yes indeed
golman had a Q3 that was out of this world or er uh out of this universe
kinda like an evening of playing red or black with every spin of the roullette wheele and winning 90% of the time
is there cheating ...well gosh and golly
see zero hedge
"When a firm's trading performance challenges not only all preconceptions of realistic trading, but also of statistical distributions, one can merely stand back and watch in awe. Attached is a graphic of what a rigged, backstopped and manipulated market is all about. The chart demonstrates Goldman's YTD trading track record: out of 194 trading days in 2009, the firm has made over $100 million on 116 occasions!"
Another View At Goldman's Trading Perfection And Statistical Improbabilities | zero hedge
most americans are ignorant of the grand theft taking place in new yourk and DC
and too many of our leaders have joined the hole-in-the-wall-gang
and again, who is educating the average consumer about products and how to manage finances? Reading some of these contracts are like trying to decipher yiddish while reading it upsidedown. They count (including CC companies, mortgage companies, health care companies) the average person cannot understand the technical language and loopholes which are only apparent if you are skilled enough to read between the lines and the ultimate GOTCHAs.
IT IS ALWAYS BUYER BEWARE more true today than I can recall in my life.
Actually, in Dallas they mostly wear neatly ironed jeans.
Most are two year contracts and can be as much as 400 bucks to buy out of the contract. They will chase you down to the ends of Earth for that money.
Campaign slogan "If I can fk up one great company, I can fk up an entire country too.."
~splat
BK doesn't mean you're broke, just that your means don't support your debts. Given the size of people's debts, they could support some fancy lawyers.
energyecon wrote:
The finance industry has one deliverable that is truly useful to society: credit. A serious reprioritization of society is necessary when we turn the provision of credit into the main industry, instead of a supporting industry.
Because we have to admit it: Wall Street invented some seriously cool and nifty credit instruments. Unfortunately, we forgot to sit back and realize that all they resulted in is finding a way for society to absorb greater levels of debt.
AND Lucent(the queen of vendor financing) AND McCain's campaign CEO.
I was going to make "People of Wal-Mart" comment but thought the better of it.
Then again...
Why can't one of the guys from google run for Senate? Then we could have simple intuitive government.
Oh yeah. They would have to take a multibillion $ cut in pay.
Actually, in Dallas they mostly wear neatly ironed jeans. - CM
What do they wear when it gets really blisteringly hot? Seriously, I've never been there except for the airport. Austin seems like tattoo/hipster territory, but I still associate Dallas with, well, "Dallas."
Kristina
Senator Carly and Gov Meg will merge CA with NV and turn the combined state into the lowest cost gambling destination in the world with hotels starting at 5 dollars. The combined state will also accept nuclear material from all over the world
dear god my eyes are still burning from that website..
~splat
Not. an. industry.
just a freakin' intermediation service, and now the tumor has grown damn near larger than the body that supports it...
My
!
(Preparing for a rocket ride on
after the Fed announcement. I love being a bullsh*t-market genius.)
Dont forget JPMorgan...
J.P. Morgan pays $700 million to settle with SEC - MarketWatch
How much junk did that county get stuck with?
House panel OKs $1 billion in funding for SEC - MarketWatch
why give them 1 billion...they dont find stuff for years anyway..then settle for nothing....
Payments Shocks Boost Alt-A, Subprime RMBS Delinquencies
Research Recap » Blog Archive » Payments Shocks Boost Alt-A, Subprime RMBS Delinquencies
Then legalize currently illegal narcotics and prostitution, both would be huge tax revenues for the new state.
~splat
scone wrote:
Air conditioning. You can go from home to work, underground in the tunnels to lunch, and back home, all in air conditioning.
More weirdness with the Russell 2000 and IWM...yesterday it was way ahead of everything, and today it's way behind
Maybe that's because the vampire
is in charge of the SEC, newly appointed COO is GS exec. Gotta worship the 
as was in a story today.
i'd thought they would first annex California with India.
How do you Tax Prostitution? Where would you slide your Debit card??.....oh wait.
badger wrote:
Which is one reason that so many people are shutting off their land lines.
Tim waiting for 2012 wrote 10:10 am
Mock
Can't wait for Heist movies 10 years from now.
yeah and how bout this one
"gangs in new york"
all out gang warfare breaks out between the mafia and the federal reserve of new york as competing gangs vie for territory in the loan shark business
the hells angels step in to help the city stem the wave of panic and violence as the mayor deputizes local chapters of motorcycle gangs to help police beat back the onslaught of the fedresrv and the mafia bloodshed
energyecon wrote:
I'm not defending them, EE--good lord no--but I gotta say that there are few 'industries' that do not play the intermediation 'service' role. When it comes right down to it, everything beyond initial resource extraction/production is really just a cog in the chain. And people don't pay sh*t for raw materials.
Well, except
. I've heard people will pay crazy amounts to have it sit on a shelf somewhere.
Have seen nanna nanna on which banks were laundering drug money, soooooo I guess there was none..
Where is that hope?
shill wrote:
Gilt edged negotiable blondes?
why give them 1 billion...they dont find stuff for years anyway..then settle for nothing....
you're thinking of the old SEC. The new one is much more aggressive ~
SEC Press Releases Index
Preparing for a rocket ride on "In glod we trust: after the Fed announcement.- tb
Certainly seems that way. I was doubting my GOLDX over the last couple of days, but I guess I'll keep it for now.
creditcriminalslovetarp wrote:
From the story, it sounds like Morgan simply wrote down a receivable for most of the $700 million amount. Given Jefferson County's threats of BK, I am unsure of their prospects of collecting before the settlement. Anybody know if Morgan had already written down the receivable?
I use prepay now. $120 gave me a year of service including phone.
Mock
LOL
Shill
Debit card! Tasteless Hillarious but tasteless.
some investor guy wrote:
That sounds like Canada in winter, but with A/C instead of heat.
scone
thank you and his name is Cason michael
pavel
left you reply on last pig.
I don't get wireless where I am...yup there are really places like this! I have a gazillion rollover minutes on a prepay that gives me extra minutes for $100/yr. Despite my posting record here, I don't yap that much.
J.P. Morgan Securities settled the SEC's charges and will pay a penalty of $25 million, make a payment of $50 million to Jefferson County, and forfeit more than $647 million in claimed termination fees.
so they settled for 75 million...
badger wrote:
Exact same with us, except $100 plus the cost of the phone. However, now people call me more, so the $100 isn't likely to last the full year.
But at least it's not $50 or more a month.
redbox is in our walmart.
Agree other than checking in on the kids, or seeing how the wife's day is going, this cell thing is useless to me....but I never leave home with out it...just like my CCW.
That would be Conceal Carry Weapon for the Liberals.
Gilt edged negotiable blondes?
Perhaps, but I've heard the spreads are pretty wide.
shill wrote:
I have never once felt a level of concern for my safety that would warrant carrying around an instrument capable of deadly force.
Maybe you should move.
Your condescension is duly noted. I was wondering what that was I was carrying in my purse (being a liberal and all) but thankfully now I know it is a CCW.
The 'new' economy...
Legalization of pot comes to Breckenridge CO...'economic' solutions for a desperate local economies and maybe states?
In other discussion about the economy...just occured to me that the strong dollar was 'good' for U.S. militarization/expansion and various campaigns but that a weak dollar can undermine or put a crimp in expanding U.S. militarization and U.S. involvement and occupation in the Middle East...
Also, it appears Obama's advisors may be promoting various policies that are actually making Obama less popular with the public in some cases...
Perhaps you should send this blurt to your local Law enforcement agency...unless of course you think that it is ok for them to carry and not Law biding citizens....perhaps you should un-shelter yourself.
And why would I want to move? NH is a great place to live.......free that is.
is that the one that turns your teeth red?
Noob, we live in US. Hub want leave home without it. Ever been attack by a lot lizard in a county of 250 churches, we are a very diverse population.
Nanoo-Nanoo wrote- 10:18 am
"Maybe that's because the vampire Vampire Squid from Hell is in charge of the SEC, newly appointed COO is GS exec...."
ah yes
and as geithner moved up from president of the new york federal reserve bank to treasury secretary
who... pray tell ....did replace him
why of course william dudley ...from... where...else....goldman...sachs...of course... uh huh
"Before coming to the New York Fed in 2007, Dudley was chief economist at Goldman Sachs, the investment bank. He had been at Goldman since 1986, and has a doctorate in economics from the University of California at Berkeley."
Dudley Will Replace Geithner at New York Fed - washingtonpost.com
ffedresrv
Research Recap » Blog Archive » Payments Shocks Boost Alt-A, Subprime RMBS Delinquencies
I can't recall the ratio of sub-prime to alt-A loans, which is relevant in evaluating this report, but it claims that over the next 2 years 72% of sub-prime and 20% of alt-A loans written in in 2005-2007 will reset from IO to fully amortized. Even with current low interest rates there will be payment shock due to amortization.
I did such a thing and thankfully never had to use it as intended....just SHOW it. It saved my rear more than once and yeah, I went through all the BS to get CCW. Dirty little secret is a lot of women and in particular nurses working shifts do. The other little secret is...they are great shots. Some people don't have an option to 'just move'.
jturner wrote:
You must live in the wrong neighborhood-
that and :oil:
Senate Approves Extended U.S. Homebuyer Tax Credit (Update1) - Bloomberg.com
I personally know a lot of women who carry....my wife being one...and all my sisters do...Do they fell like Clint Eastwood.....no...do some work till 2 :00 am...yes.....do we go to the range yes......lot of misconceptions about firearms.....lots.
edited for being too off topic. I do have my limits.
shill wrote:
You mean leave Canada? Never.
I've wandered through the downtown core of Toronto at 2AM wearing a suit, overcoat, and carrying a wardrobe bag, and didn't remotely fear for my safety.
But I've broken my personal rule about never getting involved in a discussion about firearms on the internet. Excuse me all, I'm going to leave this discussion. Conceal carry to your hearts content.
scone wrote:
First time I read that, I thought it said "Hamburger Tax Credit".
Must need more coffee...
It's mind numbing isn't it mock? Akin to a horror movie where only a select few can see through the benevolent facade the evil doers wear. At some point (I keep telling myself this anyway) the left and the right and everyone in between is going to figure out who is really pulling their strings and pissing on their legs.
I agree to each his own....next time your in the area take an evening stroll through downtown Lowell, I am sure you will restate your position real quick....Nuff said.
Rob Dawg wrote:
I'm looking forward to a blow off top-
bankruptcy costs,i couldnt and lots more people couldnt go bk for that reason. and i imagine its going to get worse. so you go more people going and more people that cant go.
I thought it said "Hamburger Tax Credit". - SL
They say legislation is like making sausage...
Mook wrote:
Perhaps, but I've heard the spreads are pretty wide
And no discount for early withdrawal.
homedad43 wrote:
Good stuff. I've done a stint or two tracking down people with unpaid bills. Some of them are nice enough to call here and ask for a referral to a BK lawyer. For the kids out there: Beware of going to law school at this time.
.
You have much competition and a shrinking pool clients who can pay.
Strong Dollar and a strong U.S. Military and economy?
Even the National Economic Council Director believes or states:
'Strong Dollar in U.S. Interest'
Summers: Strong Dollar in U.S. Interest - ABC News
Do the economic/monetary policies match the political rhetoric?
no, no you got it right - we'll gladly repay you Tuesday for a tax credit today...
OMG...you guys are killing me here...tears are rolling from laughter.
Shill
i live in a state that is often cited as liberal although i think the term lib-con is useless
we were one of the first states west of the mississippi to be a "shall issue" state when it came to concealed weapons permitts
during a time when we had two dems as us senators and a dem gov with dem control of lower house
the state "strengthened" its concealed carry laws to the favor of citiziens rights, continuing more than a half century of recognitions of those rights
im a registered democrat...although that may soon change thanks to tarp and obamas continuing support of geithner, summers and the bankstas
im a life time member of the NRA...do ya think i pack heat?
I carry a sword. Sometimes I wear a black mask. I represent the STRUGGLE against the oppressor!
BREAKING
S&P may downgrade Berkshire on Burlington buy
But but I thought this was a good buy?
For the past forty years we have been recycling the elite from public sector to private sector and back to public and back to private. Now That The Government of Sachs is in charge we can see another forty years of corrupt, elite Bankster's in charge.
Nova, that's how I always pictured you. I must be intuitive.
A fine public comment from a "software engineer" at the SEC site on the proposed rule.
nova wrote:
I knew it was no coincidence that 'nova' and 'ninja' had the same first and last letters.
Thank you Outsider. My identity must remain secret.
Cinco-X wrote:
...and double bottoms and...
[last comment on this subject, too easy]
Comrade Alexei Mikhailovich wrote:
Failing upwards.
(what ... no rolling eyes emoticon?
)
Main Street to nova: HELP!
My realtor and builder friends are clinging to the new credit like limpets, hoping it will save them. I don't have the heart to bust their illusions. A couple of these guys are so lacking in work they've agreed to help me move. Reduced from very talented and skilled craftsmen to day labor.
Bubblisimo Gerkinov wrote:
To be fair: She wasn't the only one that deserves tar and feathering for that.
I went to Main Street to lend a hand against the oppressor but it was closed. What gives I ask?
Don't worry nova - your secret is safe with me, the 70 users and 538 guests online, who are known not to share personal information gleaned from this site with anyone.
from bloomberg article via scone-these guys are everywhere....
Goldman Sachs Group Inc. said in a research note yesterday that the credit probably spurred 200,000 home sales that otherwise wouldn’t have occurred
Quick, somebody post a clip from "The Incredibles"!
I would not know if you did, that is the whole Idea of CCW...yes I too am a 15 year member....by the way where is my free flash light
Many think because you carry that, this is your first option in a fight or what ever...very bad misconception...very. If one CCW you would understand. Acutally it make you more apt to stay our of trouble, as you can lose your right in a heartbeat if you screw up.
Consider these points.
YouTube - HELP HELP I'M BEING REPRESSED
Probably not; but she also shouldn't ever be in a position of power in this country with a track record like hers.
splat wrote:
At least a gold bubble won't crash the whole economy when it bursts. All those Bernanke bucks have to go somewhere.
The homebuyer taxcredit really is the worst idea of all time in RE markets that are continuing to lose valuation. As bad as the subprime lending, Option Arms, and no doc loans anyway...
Canada is VERY different from the US in terms of safety in large cities.
I lived in Toronto for many years and like noob walked around at 2 am downtown never fearing for my safety. You could count on one hand the number of dangerous neighborhoods and that's for a city of 2m.
Living in the US now I would never try that.
It's rather useless to debate these things on the Internet as in general the level of violence, willingness to use violence to solve confrontations, right to carry arms issue etc... are very different between Canada and the US.
Canadians can't fathom why you would need to carry a weapon and Americans can't fathom why you wouldn't or shouldn't have the right to.
Comrade Kristina wrote:
Perhaps teaching-
John Crosbie, the Lt-Governor of Newfoundland, welcomed Prince Charles and Camilla wearing a seal-skin jacket.
Who says we Canadians don't like to piss off owl-squeezing, whale petting, tree-hugging Europeans? Hah!
And this is after the Lt-Gov of Canada ate raw seal heart! Sometimes I love this place.
sdtfs wrote:
Having worked with a client who is use to rolling around with 600k/yr income and is now enjoying 120k/yr income, size of people's debts is a cash flow problem. Unfortunately since the cash ain't flowing, the debt is growing.
.
Fancy lawyers do well helping people prepare and plan a BK, and what I'm seeing now is more of people blindsided by the cash flow drying up and debt service is eating away at whatever hope they had in planning their BK. No nut saved for this cracking means no lawyers helping to save your nuts.
.
Also, BK folks tend to avoid bartering for practical reasons, and the sex for credit arrangement is a board complaint waiting to happen...
but she also shouldn't ever be in a position of power in this country with a track record like hers.
Huh? Glaring incompetence, with repeated demonstrations...... sounds perfect for Congress or governor's mansion.
Gun talk comes to CR...that used to be so AJ...
stiring the political pot on hump wednesday:
What's more, New England, made up of six states, has 22 congressional districts. Currently, the region is represented by 22 Democrats.
So, north of the Pennsylvania border, there 51 congressional districts representing 34 million people. Republicans have a whopping two seats.
It cost the Club for Growth a mere $1M to support the loss of NY-23 to a Dem - the first Dem in about 150 YEARS in that district.
Yes poic....back to the topic at hand....so about the prostitution tax thing
Mr Slippery wrote:
I see significant volatility in the miners today - almost as though there is speculation on a surprise from the Fed.
Does anyone know when the announcement is scheduled?
2 ish I think
"What next" I gasped to myself. "Will the thread now move to bunkers and food? Or will we remain focused on the STRUGGLE!!"
merchants of fear wrote:
I looked at Zillow a couple of days ago and noticed that prices in my neighborhood were up substantially since I last looked. What's the URL for that other website that is purported to have better online appraisals?
Fancy lawyers do well helping people prepare and plan a BK
little people enter BK typically as a last resort.
big people enter BK after months of preparation.
merchants of fear wrote:
The government distorts and we comply.
Where would house prices be without mortgage interest tax deductions, Fannie, Freddie, FHA, HBTC?
So...will this work? Weak dollar=strong U.S. military.
JimPortlandOR wrote:
Deflation & Change I can believe in!
Does anyone know when the announcement is scheduled?
Same time it always is, 2:15 EST.
poic wrote:
I appreciate your summary, poic. Concise and with the enlightened view of someone who has experienced both realities. Thanks.
Mr Slippery wrote:
Depends on the volume of leveraged bets.
Didn't the big people all file in/before 2005? I thought it was just the little ones who were left.
Basel Too wrote:
Same situation for Family Law.
.
Emotional/Dumb people enter divorce as a last resort.
Smart people enter divorce after months of preparation.
Huh if I wasn't normal I would almost consider this an insult.
.
Do you need a sidekick? I can spit long distance
"And this is after the Lt-Gov of Canada ate raw seal heart! Sometimes I love this place."
yeah and i can see it now the senator inhofe
standing at the edge of the last glacier in greenland
with his pants down around his ankles
pissin into the atlantic ocean while giving an interview on his cell phone
sayin there is no such thing as climate change
i love the arrogance
Shill,
lol
moving from Toronto to just north of Oakland ,ca was a cultural shock
me on the phone the first night "what do you mean you don't deliver pizza at night?!?!"
Thanks, Shill and Eric.
Maybe I'm projecting, but I have this feeling that the Fed is at least going to make a wording change that will stir things up.
I think you mean cyberhomes.com
LOL! Same culture shock for me. What do you mean the ONE gas station in town closes at 11pm??
JimPortlandOR wrote:
Now both obsessions have faded. Doug Hoffman—the right-wing insurgent candidate for Congress in the 23rd District of New York—didn’t even list his position on the Afghanistan surge on his Web site
nanoo
couldnt we pick on south dakota,since the more predator cc are there.?
like" stop that now" emails?
we have enough trouble with the tbtf with their cute little fees.
I am thinking the same malarkey..." We have Deflation under wraps "
Noob us canadians have to stick together (:
noob goldberg wrote:
If it wasn't for sealing season, my brother's Newfie inlaws would never go home.
Thank god for the seal hunt!
And speaking of fashion, it's "not dead yet" so far:
Signs of Life At Retailers In October - NY Times
Cinco,
If the prices are up...is that the 'selling' prices?
The important issue is the actual 'appraisals' and where they come in at on a purchase contract and of course can the ready, willing, & able buyer really get the financing to close the deal. Also appraisers are being look at very closely by regulators and will now undershoot the 'mark' if the moving 'valuation' mark can even be trusted, either up or down in these weird markets of deflation mostly.
Nanoo-Nanoo, Sure. We will need to color coordinate our tights. I saw a sticker on a SUV today - CC and I thought "Credit Cards?" It was Cape Cod.
poic wrote:
Wow, you really didn't know what you were getting in to moving to Oakland?
I have a friend who used to live in El Cerrito, but he and his wife bailed after they had kids. Nice-ish area, but way too close to the scary bits.
Nanoo-Nanoo wrote:
Snuff or tobacky?
splate
i think that she is way too late to use that as a slogan
now if she just wants to get before the loot is gone and get hers
that might work as a slogan.
Roubini warns "party" in risk assets may end badly
Roubini warns risk assets 'party' may end abruptly - MarketWatch
I think Roubini is one hell of a flip flopper....the payoff must have been huge.
shill wrote:
I was arguing one perspective, you were arguing the other. We could have carried on for hours, but that poic, who lived both, jumped in to rescue us from our collective ignorance. It was props to him, not a slam to you
GDD9000 wrote:
Thanks-
xxxxx
It's all good noob that is what makes for great conversation.
I hail from tobaker country...moved to snuff country (nothing like a wad coming out of pickup truck at 85mph hitting your windshield on the interstate) and now I'm in Mary Jane country! WOW! What fun! I like the Mary Jane crew the best, they drive SLOW.
I have this feeling that the Fed is at least going to make a wording change that will stir things up. - SL
I'll take that bet. My feeling is, they'll obfuscate in the general direction of "steady as she goes." AKA, "we don't know WTF we're doing." But since the markets are in a good mood today, they may go all
anyway.
mock turtle wrote:
I love how when it comes time to ridicule it's always climate change and never anthropogenic global warming. Why is that?
The Carly F bashing is funny too. This is hardly a battle of the titans. Boxer has ineffectively advanced California's interests in Washington. All it tells me is that the smrtest players in the room don't want the job. Remember, neither side needs California politically, it is a fixture, a potted plant.
New Government and RE industry 'Kool-aid' needs to come with a 'financial health' warning like cigarettes have a written 'health warning'...
merchants of fear wrote:
It's the price listed on zillow; there's an $80k difference between zillow and cyberhomes. I suspect that cyberhomes is a lot closer.
I have some wicked witch of the north stockings...all nice striped in icky colors...would that do? Only problem is they are wool and ITCH.
splat
i think i broke their server yesterday.
but i cant look for "people of walmart" im too busy trying to find the things on my list,(my walmart is remodeling) will be great but not now.
Didn't the big people all file in/before 2005? I thought it was just the little ones who were left
I've been tracking FC's in Alameda County (CA) and 90% of them originated in the 30 months starting January, 2005.
"Wow, you really didn't know what you were getting in to moving to Oakland?
I have a friend who used to live in El Cerrito, but he and his wife bailed after they had kids. Nice-ish area, but way too close to the scary bits."
Well it's a bit like moving anywhere. You know it's different but not THAT different.
We had to stay at a friends place for a few days till we found an apartment in Fremont.
Now driving across the over pass separating East Palo Alto from Palo Alto REALLY blew our mind.
You just never see the whole rich pocket next to poor pocket thing in Toronto.
energyecon
so what they are going to do is remove the body
Roubini wants to get this new 'unraveling' of assets Show On The Road as if there is some kind of 'deadline' to meet...
nova wrote:
That's the fastpass sticker locals use to take the Cape Cod Tunnel bypassing the Bourne Bridge and congestion.
mock turtle wrote:
I gotta say, I don't see the relationship to the seal hunt. Is it somehow affecting climate change?
Slumdog,
You know, short-term day trading advice is dime-a-dozen on the Internet and a pollution of blog space. You're probably going to be right 55% of the time and wrong 45%, and there's a place on the Net for it, where people want that kind of daily casino action.
I wouldn't mind so much if you were talking about tech stocks. But there's a lot of people here on CR who have fundamental convictions about gold one way or the other. You're not really adding much to their world.
The local GOP in NY-23 guaranteed there would be a liberal taking that seat in any case. Haven't we learned by now that party affiliation doesn't really mean much these days?
Nanoo-Nanoo wrote:
Heh, heh
So your hub's pickup had tobacky streaks running down BOTH sides of the bed, huh?
poic wrote:
American tradition! My lovely SE US area is that way. 400k homes -> Cross 1 Street -> 65k homes + Section 8.
I'll be happy to talk Gold and Silver with you Rich.......
I am happy happy....up or down I am a buyer.
Those who hope for a last minute under $1000 buy are to late to the game ....$100 is the floor.
USD tanking. We obviously need more stimulus, as Krugman suggests !
RD,
Thanks. Trivia like that is just about the only thing I retain now.
Cinco-X wrote:
Cyberhomes number can be wacky as well. I just looked at one that I am familiar with - sold for $375K in 2000, cyberhomes has it listed as a foreclosure for over $1.9 million.
dawg,
No...CA is pot planted...
Oh don't get me started Cinco...I would surely unintentionally insult someone.
Oxtail wrote:
Wrong.
.
Republican in NY-23 is not Palin/Beck Republican. They need to stop trying abscond with the party and accept the fact that they are a political minority--even within their own party--and should be treated as such. ugh
.
They are the R(H)INOs, not moderates like the one sunk in NY-23.
nanoo,
The itch will remind you of the peoples suffering as we strive to liberate them from their oppressors! Embrace it! Together we can change the world!
"You know, short-term day trading advice is dime-a-dozen on the Internet and a pollution of blog space. You're probably going to be right 55% of the time and wrong 45%, and there's a place on the Net for it, where people want that kind of daily casino action.
I wouldn't mind so much if you were talking about tech stocks. But there's a lot of people here on CR who have fundamental convictions about gold one way or the other. You're not really adding much to their world."
that's a bit over the board coming from someone who pops in and out talking about 2% moves in miners or grains or pms. Slumdogs posts are very similar to some of yours.
If anyone missed Rob Dawg's comment at 11:43 on bankruptcy, go back and read it. Then do a thought experiment by expanding it to every economic/political problem we face today.
poic wrote:
Come to Chicago and take a walk across Washington Park.
Decade traders laugh at day traders antics...
But Krugman 'should' know from his own earlier macroeconomic 'currency crisis' research & models that more 'unsustainable' government stimulus (spending) will weaken the Dollar further and subject it to more 'speculator attacks'...
mock turtle (profile) wrote:
Since fresh water intrusion is what they claim will shut down the mid -ocean pump, adding a little salt should be a good thing, right?
The thousands of workers that support hundreds of businesses in Menlo Park and Palo Alto but can't afford to live there, come from East Palo Alto, Redwood city etc. That includes the police and firemen.
The peeps typing in the data for cyberhomes, zillow, etc. are probably not getting much money. And I'll bet it's a production job, too, which means you get paid more on quantity than quality. Map-making is the same way.
I'm with you nova: up, up and away on my broomstick...whats your mode of transportation- OH and in keeping the the sidebar environmental discussion that broom is 100% recyclable and produces no carbon emissions except if I have a lunch of a bean burrito.
We didn't laugh in Atlanta when one such day trader went all postal on us.
scone,
It's probably outsourced to India. Some of the house descriptions read that way on Zip
According to Count Formaldehyde, we can party on for another 6 months, dude.
No time to read thread, but I'm getting that end of the world feeling again.
Miami Dade County baliff told me there is between 350 and 750 boxes of unfilled
papers; they are docketed and then thrown in a box, not enough staff to file them;
so many layoffs that the situation is now really broken.
I said this was a lack of due process issue; Bailiff said clerk took it to the Florida
Supremes, who said it wasn't and that they should prioritized. I'm not kidding.
How can you prioritize one divorce or foreclosure over another.
Another foreclosure client coming in today.
Another sale busting out.
nova wrote:
Don't thank me until you google "Cape Cod Tunnel." I apologize for taking up valuable wetRAM.
http://cgi.ebay.com/ws/eBayISAPI.dll?VISuperSize&item=390111769348
RD,
I like trivia. I am reading a book published 50 years on antiques just because it is filled with trivia like why mahgoney became popular for dining room tables.
Market up on assumption that the Fed will keep the printing presses going full steam ahead to provide the funny money for their casino.
I'm sure GS gets a kick out of all the ignorant speculation about their trading that goes on in the blogosphere.
There's not a person in GS who knows whether it was a "winning day" or a "losing day," on either a current trading or lookback basis. There's more trading books and positions in GS than you can imagine, and some of them are pretty buried.
Here's what you need to know: GS allocates opportunity (capital and volatility) to prop traders who perform. You earn profits over time (weeks) with your book. If you're successful, you can trade more volatile markets with more capital and leverage. Vice versa if you lose. It's a Darwinian system, with the bonuses matching results.
If you're a smart trader, you try to cultivate friends and see their books and flows. But good traders develop friends outside GS and enemies inside. It's not a monolithic or top-down firm. It's just a unique survival/allocation culture.
noob goldberg wrote:
Really? There's nowhere near your house that you feel safe in a car but not on foot? 3000 lbs of steel and a few hundred horsepower can be fun, empowering, and make you feel safe. Thieves with knives don't even bother to threaten you. If they have a gun, most likely they have to catch you when the car is stopped. Even then, it's kind of risky for them if the engine is on.
Liz: You are the equivalent to first responders and hospital triage personnel. I do not envy what you deal with every single day.
Nanoo-Nanoo wrote:
C'mon......just teasin'
why mahgoney became popular for dining room tables.
nova, don't leave us hanging...
lawyerliz wrote:
I can just see it now. Law students studying the "Prioritize Due Process" line of thinking as it was introduced in the 2010s. We all get due process. Not all of us get priority!
.
I guess some people really are more equal than others.
hah - then it will be tumors all the way down!
InvestorsDigest ...The Con Job Continues
http://www.sprott.com/Docs/InvestorsDigest/2009/10_23_2009%20Con%20job%20in%20the%20financial%20markets%20continues.pdf
Just a few more minutes before show time! I'm terribly excited.
Because it could support weight over longer lengths eliminating the need for the extensions..
noob- I have walked the streets of Oakland, San Francisco, and San Diego at night,...without a gun! Well, not the bad parts of town, but then, I wouldn't go there with a gun either.
some investor guy wrote:
The African Lion Safari.
outsider
excellent!!!!!!!!
yagij wrote:
Two legs, bad. Ten tentacles, good. "Squid Farm."
Living in the south my entire life save the last 10 years has provided some very interesting social insights and regional differences. Some I expected, others I did not. Amazingly, I fit in better here than I ever did down there.
I have walked the valley of death unafraid. Because I knew that I possesed - clenched in my pocket - a firm handshake and upon my visage, a warm smile.
Gun talk comes to CR...
you must be new here ~
Any idea if Canadians find Sarah Palin less strange than people from the lower 48?
scone - remind me again. Which show time is that?
oooh...I'd love to know the answer to THAT question.
If you're successful, you can trade more volatile markets with more capital and leverage. Vice versa if you lose. - R
Thank you. That explains a lot of volatility right there-- it's incentivized.
comrade
bush43 had a really good record too
besides he did a country, well o doing a country but i really dont think shes all that .. and potato chips
Get It While You Can...
Get 'in' while you still can on the dollar carry trade and the commodity etf's...come on in to the really big show...right in here...get in the pump before the dump...hurry time is limited...hurry, hurry, get it while you can...
Great and extra 20 weeks of jobless benefits....So an extra 5 months at home......why am I working 70 hours a week?
haha! Man, there just has to be a sh!t kicking "National Lampoon" sendup in there somewhere...
I found Cyberhomes gave wildly inaccurate numbers for Dallas, but more reasonable numbers for SoCal.
Weird things like Dallas average home price doubling in a year.
Split-second flashers laugh at full second place.
Canada should be careful.
One day an American Boy Scout Troop may decide to invade and take over the country.
No, no, don't get mad, I'm just kidding.
It would take at least the entire Rhode Island National Guard to pull that off.
Rob Dawg
Noob
the seal hunt had no relation to climate change
except greeting the prince wearing skins took big balls
and i think the people who continue to argue
that we can pump 30 billion metric tons of CO2 into the air without ill effect
are engaging in wishful thinking
do i think the deniers are right about other factors warming the planet...yes absolutely
the solar output (yikes all the sunspots gone), the milankovitch cycle and other factors also inter play
and thats what makes it so scary, because i think both sides are, in a sense right
there are anthropogenic induced climate changes, and natural climate changes
and they are combining and that makes for the pro oil lobby able to make arguments that we should do nothing,
or continue to burn a lot of coal and oil as far out to the eye can see
energyecon wrote:
Better be National Lampoon as the Harvard Lampoon wouldn't touch it with a ten foot gaffing hook.
lawyerliz wrote:
Is there some thriving business in private arbitration locally?
ann wrote:
Precisely, as there is no difference between the corporate community and the government- same people, same interests.
Capitalism, even when it first arose in the Italian City States, always need a strong government to enforce it's rules.
That would be NAFTA phase III
~splat