Freddie Mac: Delinquencies Increase Sharply in January
Submitted by
CalculatedRisk on Fri, 02/26/2010 - 11:24am (318 comments)
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Wow. That's, like, an Olympic hockey stick.
Speaking of which, what's the latest out of Greece?
CR, you
ster you
Obama better hurry up and ban all foreclosures or we might start to have a problem.
The Market is open today???
Who would have thunk.
Bad news given that the United States has bet it's credit rating on these things.
BTW, I wonder what happens to housing when you can't get anything beyond a 5 year loan.
How appropriate - a hockey stick chart!!
I'm hoping for a US-Canada matchup in the gold round....
banks are just irrationally not accepting mortgage payments, soon they will come to their senses and we will find everyone is still current on their mortgage and nothing has to change
Delinquencies don't matter. It only matters when the foreclosure happens, right? Because unrealized losses aren't bad.
ShadowInventory wrote:
They came,” said Russia goaltender Ilya Bryzgalov of the Canadian onslaught, “like gorillas coming out of a cage.”
EvilHenryPaulson wrote:
The won't accept the MBS I am trying to pay them with.
EvilHenryPaulson wrote:
We may require DNA testing if Canada tries to use any Sasquatch players....
jeepers, at that rate there will be no money left in 25 years...
ShadowInventory wrote:
I watched the women yesterday, and I'm glad my countrymen were sportsmanlike-enough to launch into a "U-S-A" chant during the medal/flower presentation. Those poor girls were awfully sad to get silver, and I would have been very disappointed in the Canadian crowd if they hadn't recognized the effort that those girls had made to get there.
EvilHenryPaulson wrote:
Gorillas are nice. Canadians are more like rabid pitbulls on crack.
We should put an Easton label on that hockey stick.
Both Cannuck and gringo squads are such overpaid prima donnas - it makes me miss pre-pro olympics of 30 years ago.
Hmmm. Does one suppose such a move would help this graph?
EvilHenryPaulson wrote:
I'm just hoping Miller can steal another one, if they get there.
Or maybe Team Canada will lose their minds and put Marty back in the nets.
very J6P knows the only way to get the lenders attention is to stop paying the mortgage. If you call the lender/servicer they tell you to stop paying before they can help you.
In addition, I think many made the new years resolution to downscale, live rent free and start over.
As a taxpayer I am reassured by their repeated reminder that Freddie is explicitly not backed by FedGov.
There it is. That graph shape. Again. I'm beginning to get that Richard Dreyfuss feeling.
"This means something !"
YouTube - Close Encounters of the Third Kind mashed potato scene
greenchutes wrote:
I miss the stagecoach. Cars are so loud.
There will be money left, it's just a matter of who has it and what is it worth at that point.
The NASA layoff link makes me think that many will never recover their old jobs back.
greenchutes wrote:
Yeah, except for all the Russian Army officers......
josap wrote:
Those resolutions lasted 34 hours.
Eric wrote:
I'm hoping they put Marty back in the net myself. Luongo had a great third period against the Russians, but I still prefer Brodeur.
David A. Paterson to Drop Out of New York Governor Race - NYTimes.com
Down goes...?
noob goldberg wrote:
Joe/Jacques Back-Bacon is impressing the hell out of me in the games I've watched. The crowds are enthusiastic, polite (within reason), and sentimental. I will always remember the crowd breaking out into a rousing version of of "O Canada" when things looked tough for the Canadians in a hard-fought Canada/Great Britain curling match. They were even in key.
Speaking of depressing milestones - is the NHL, she of the ten-month season, going to shrink in the next year or two?
Bob Dobbs wrote:
The US military is large and close. Of course they are polite.
greenchutes wrote:
What is the NHL?
Elvis wrote:
Yes, but they're polite to the Brits, too. What are they gonna do?
Into the blue again,
after the money's gone
Once in a lifetime,
water flowing underground...
You may ask yourself
How do I work this?
You may ask yourself
Where is that large automobile?
You may tell yourself
This is not my beautiful house!
greenchutes wrote:
We can only hope. There should be a rule that hockey can only be played during a season that roughly corresponds with cooler weather, i.e. October to March.
As an aside, that hockey-stick delinquency chart is seriously disturbing. There isn't even a
second derivative.
noob goldberg wrote:
noob, you're crazy. Brodeur had a save percentage in the mid-80s for the 3 weeks before the Olympics, he was technically unsound and making poor decisions for 2 straight games. Luongo hasn't been stellar so far, but he has played well (sv% 93.3 vs Russia I think) and made the saves when he needed to. Forget all the pundits who say he doesn't have the big game experience, he will steal the game when it's on the line. If you compare Luongo to Brodeur, Luongo is at the same point Brodeur was in 2002. Brodeur hasn't won anything in 6 years. If playoff experience is the key, then Chris Osgood would have been the starting goalie.
"although some of these loans may be in the trial modification programs and are still included as delinquent until they are converted to a "permanent mod"."
That's the thing. This is 1/31 data, so would include all the permanent HAMP mods through that date, which are increasing. And yet, despite the increase in permanent HAMP mods, delinquencies are still rising.
Nemo wrote:
I think it's going to be a ski jump by the time it finishes growing.
AIG Cut 20,000 Jobs in 2009 on Asset Sales, Defections, Layoffs - BusinessWeek
Do we get to choose the flavors on
I want GS vanilla and JPM licorice with a smiggen of FNA cherry.
greenchutes wrote:
Snark, right? The USSR's athletes were pro's all along.
Greek PM warns on bankruptcy as crunch looms - Yahoo! News
New info?
EvilHenryPaulson wrote:
I'm not crazy, I'm sentimental.
EDIT: And I'm well aware that Luongo is the best choice on paper. There is no rational reason for Brodeur to even be sitting on the bench, really. But yet, I remain sentimental...
Wow. Jan 2009 was the "good ole days."
JimPortlandOR wrote:
The steamy dark brown scoop on the bottom ain't licorice Jim.
EvilHenryPaulson wrote:
Isn't Marty Brodeur one of the most overrated goalies of all time, along with Grant Fuhr and Mike Richter? I couldn't believe that guy was out there.
Add my sister-in-law to the list. She has stopped paying and is planning on filing Bk here soon. Will get an apt. close to where she's living now. She and my brother bought in Chicago in 2006. My brother passed away in December and she can't/doesn't want to stay in the house
SNAFU wrote:
Brinkmanship...
Bob Dobbs wrote:
In the 50 ft. fall after the jump, you can do lots of turns and twists.
tncubsfan wrote:
Condolences; no life insurance?
YouTube - Talking Heads - Once In A Lifetime
Well, now we know where all that falsified global warming data came from...
Cinco-X wrote:
Greece ... has 20 billion euros in debt service payments due in April and May.
Reality math: That's $2500 per person for every person in the country.
noob goldberg wrote:
You have good reason. The Canadians are all right. At the woman's hockey gold medal thingy, about 90% of the crowd knew the words and sung O Canada. In the US, maybe 10% would be able to do that.
Whiskey wrote:
They're all goalies that are a pain in the ass to play against when you're down by one goal in a very important game.
It's like paying a pilot $200K a year to fly a jumbo jet. 99% of the time you could get a monkey to perform that job, but it's the 1% of the time that you'd pay him double that, if not more.
JimPortlandOR wrote:
I don't know the words to O Canada.
I can never play cnbs videos - I use a MAC. This is text.
Greek PM warns on bankruptcy as crunch looms - Latest news around the world and developments close to home - MSN Malaysia News
Cinco-X (profile) wrote (in reply to...) on Fri, 2/26/2010 - 3:43 pm replyIgnore usertncubsfan wrote:
My brother passed away in December
Condolences; no life insurance?
I smell the second leg of the downturn coming. Smells a lot like a gyro.
"Greek PM warns on bankruptcy as crunch looms - Yahoo! News
New info?"
hasn't it been atleast 10 years since they last went bankrupt?
tncubsfan wrote:
I can understand that she wouldn't want to stay in the house. But to lose it rather than be able to sell has to be very hard for her. Especially under the emotional condition she must be in.
*They came,” said Russia goaltender Ilya Bryzgalov of the Canadian onslaught, “like gorillas coming out of a cage.”
Maybe they just hadn't shaved for a few weeks. All over.
EvilHenryPaulson wrote:
Right.
And putting him out there without the trapezoid makes it worse.
(Don't get me wrong... I love the guy.... was a NJD season ticket holder when they won the Cup in 2003. But he's like Brett Favre.... high risk, high reward).
Brodeur is one of the greatest goalies in history, but a huge part of the success attributed to him has to do with the defence-men Scott Stevens / Scott Niedermayer. He is breaking all-time wins/shutout records, and is still up there among goalies but this Olympics was probably his swan song. A big part of it seems to be that he is well liked by all who meet him.
if you want to make the case against putting Brodeur by putting his stats into context, and in my opinion he is a bit brutal, Brodeur is a Fraud
Elvis wrote:
found on an abandoned push cart where the previous owner left it several days ago
Patrick Roy was pretty good even though he was deaf from his Stanley Cup rings being stuck in his ears.
Ahhh... visions of
al pastor. The future is deee-licious.
Josap-
I can understand that she wouldn't want to stay in the house. But to lose it rather than be able to sell has to be very hard for her. Especially under the emotional condition she must be in.
Is eBay listing the Parthenon yet? The Germans will bid, and put it over the former Reichschancellory. Speaking of the Germans:
Golds: US 8; Germany 8
Silvers: US 8; Germany 11
Bronze: US 12: Germany 7
History Channel program couple nights ago casts doubt on whether Hitler died in Berlin or got away. Fourth Reich?
Eric wrote:
As I included in my edit above, I have no rational reason for putting him in net; on paper it is Luongo all the way. I guess I just really want to see him stand on his head during his 'swan song', to quote EHP above. For nostalgic reasons.
It'd be nice if someone separated the upcoming press into "articles relating a new development" and "another rehash"
So far, the dominant order has been hash - overdone hash
EvilHenryPaulson wrote:
The trap also helped a lot.
Elvis wrote:
The '93 Cup is all Roy.
History Channel program couple nights ago casts doubt on whether Hitler died in Berlin or got away.
As a Soviet journalist I used to know would say: Boool Sheeet.
greenchutes wrote:
and flowing with business opportunities
This is why you must pay upfront at McDonalds. They don't want Big Mac deliquencies. However, my understanding is that Burger King has Whopper delinquencies.
Poll: What year (if ever) will Keynesian economics stop being accepted as gospel by most economists and governments?
pavel.chichikov wrote:
They DNA tested the skull frag in the Soviet archives, and it was female (lol)
News from 1930
February 25, 1931
Danny wrote:
Keynesian economics is always abandoned during good times, and embraced during downturns.
JimPortlandOR wrote:
My understanding is Hitler moved to the US and assumed the name Hank Paulson.
dum luk wrote:
True, but the average person who watches reality tv can't remember much for over a couple of days. Maybe they will get the clue by repitition?
BFF Poll for Fri. Feb. 26th 2010 | Hoocoodanode?
josap wrote:
Is this from personal experience?
Elvis, best one I've heard today.
They DNA tested the skull frag in the Soviet archives, and it was female (lol)
Who is 'they*? Who told them it was Hitler's skull? Who paid for the 'test'?
More layoffs of state workers proposed in budget - BusinessWeek
Gov. Bobby Jindal proposes eliminating 2,976 positions
Patrick Roy was the top goalie by any stat during his career
but I think Niedermayer was the real key.
NJ had never been to the finals, Niedermayer joined them in 91-92
NJ Cups with Niedermayer 94-95, 99-00, 02-03
NJ trips to the finals without winning, 00-01
Niedermayer goes to Anaheim for 05-06 season (04-05 was the lockout)
Anaheim had only been to the finals once in 02-03 where they lost to NJ
They won in 06-07
NJ hasn't been to the finals since Niedermayer left
out of his 16 seasons in the league, Niedermayer has won the Stanley cup 4 times
his energy level is not what it once was, but he can still settle a game down or make an end to end rush
Did they propose to sell them the Kremlin?
White House social secretary Rogers resigning - Yahoo! News
Its that spread she did on Vogue? that done her in. You can't be outshining the 1st lady and still continue at the WH. The crashers in the state dinner party did not help either.
Shill,
From: Spinning the stimulus
link deleted by kcoop
Rogers resigning to become Sec. of State........snark
JimPortlandOR wrote:
the soviets couldn't find their ass with both hands
EvilHenryPaulson wrote:
Hasek has him beat on saves made with the face mask.
kcoop<
Maybe you could delete the
that is in the "comments" of this weeks' BFF Poll?
TIA.
the soviets couldn't find their ass with both hands
Unfortunately they found a lot of people, many of whom were never heard from again.
EvilHenryPaulson wrote:
Even though he's a giant ass, he was always my favourite goalie. When he was on, and that was most nights, he was incredible. When he was hot, he was on a different level altogether.
And I have a vivid memories of a Montreal-Boston playoff game, in a high tension atmosphere, in which Andy Moog and Patrick Roy stretched and warmed up beside each other at centre ice before the game. I always thought that was the coolest sign of mutual respect ever.
"the soviets couldn't find their ass with both hands"
That's funny considering many of the best scientist are Russians and you will find Russians at most good hi-tech companies in the US.
Heckuva job, paper currencies.
poic wrote:
right
and the soviets were the regime you studied last year in world civ 2
Market up on the following news:
eu-tells-greece-austerity-plan-isnt-enough: Personal Finance News from Yahoo! Finance
Housing Recovery Is Looking A Lot Shakier Than Expected - Yahoo! Finance
Consumer sentiment weakens in February - Yahoo! Finance
Brisk 5.9 percent growth in Q4 will likely fade - Yahoo! Finance
Done, thanks for letting me know.
The Russkies stunk the joint out in that game, should've pulled Nabokov after the 3rd goal just to shame the team into waking up.
*Just about to dip my toe into the exploiting NAFTA world. Trying to get a bottle designed, went to US firms and they wanted a 200k minimum order and cash upfront while a Mexican firm will do a 50k minimum, warehouse and design/make our packaging and point of sale materials at a unit cost less than the US firms. Raw materials are raw materials, the process is largely automated, so what's the big difference? Could've done it in Korea for even cheaper, but logistics becomes an issue.
Rioters Clash with Police in Streets South of UC Berkeley - The Daily Californian
California is heating up I see. Funny I did not see this on TV.
JimPortlandOR wrote:
Well, maybe adolf was a she. Some here might argue that it would fit with the psyche.
I'm looking at you broward.
That's funny considering many of the best scientist are Russians and you will find Russians at most good hi-tech companies in the US.
Geopolitical battle shaping up over the Baltics: Russian sphere of influence vrs. the US, Scandinavians, NATO.
Meanwhile, Nordstream:
tcetoday news: Nord Stream gets final go ahead
"right
and the soviets were the regime you studied last year in world civ 2 "
volker you REALLY speak out of your ass sometimes with nothing to back your sh**t up.
If you want to refute my claim then feel free to refute it with actual data rather than drivel.
shill wrote:
Unfortunately this is just another day in Bezerkley.
Whiskey wrote:
The year they 1st won the cup, the Devils scored over 300 goals and may have been the highest scoring team in the league that year. All on turnovers forcing odd man rushes. The trap doesn't make Ken Daneyko block shots or Scott Stevens positional play. They had players and their system took advantage of it. He was a great goalie before Lemaire got there and stayed a great one after he left.
Last month, a well-dressed Afghan man en route to Dubai was found carrying three briefcases stuffed with $3 million in U.S. currency and $2 million in Saudi currency, according to an American official who was present when the notes were counted. A few days later, the same man was back at the Kabul airport, en route to Dubai again, with about $5 million in U.S. and Saudi bank notes.
Actually, there were two couriers. The second was a photocopy of the first one.
You kids play nice in there....
"You kids play nice in there.... "
Uhoh Gnome is actual KD in disguise.
You know what an artillería is...
But have you ever had lunch at an ardillería.
You'll be tempted by the ardilla al pastor, but the house recommends the delicious rabo refrito:
* 3-4
tails
stock
* 8 T unsalted butter (or 3 pounds)
* 2 T olive oil
* 1 large finely chopped shallot
* 4 finely chopped garlic cloves
* 3 cups
* 2 chopped roasted red peppers
* 1 T mild paprika
* 1 T sherry or white wine vinegar
* 2 T cilantro or parsley to garnish
You know, I just keep telling myself: "The market is not the economy and the economy is not the market."
Somehow it helps keep my sanity.
Just a thank you note for you all. I've been a reader for years and the only time I left a comment was when Tanta passed away. She was so funny and so smart.
Thank you for the education, even though I am still sort of dumb bunny when it comes to such matters. I did sell my stocks in late 2007. Now everyone thinks I am a genius. Not so. I am sort of moron but one with good taste. You've entertained and educated me for quite some time now. Thought it was time to say thanks.
Hey look at that hockey game - US up 4-0 and Finland changes their goalie.....
HomeGnome wrote:
Sigh. Same as it ever was.
I have great respect for you, Greenchutes, but that's disgusting.
But I suppose it's meant to be.
Alan Greenspan, in cogressional testimony in 2003 , told congressman Bernie Sanders that it does not matter, that the purchasing power of our workers is more important than what we produce
Thank glod we have those census jobs, but too bad we sent those call center jobs for those applying and on food stamps(beggars according to Volcker) to India
Shark Investing - Volume Charts
5-0
edit:
6-0
Username wrote:
I'm sure you're referring to others, but I'll say "you're welcome" on behalf of the commentariat, and express our desire to have you not be a stranger 'round these parts.
greenchutes wrote:
Change the
tails to 1 cup of Aborio rice and that would make a nice Risotto.
Sorry, Pavel, some days I just reproduce myself with so much humble objectivity, with the unquestioning, matter of fact interest of a
who sees himself in a mirror and thinks: there's another 
.
Odd market factoid: the last five times the first trading day of a month was also the first trading day of the week the market's moved up sharply every time, by an average of nearly 16 points on the S&P.
Past performance is no guarantee etc....
pavel.chichikov wrote:
They are the program producers at History Channel. The sampling was done by some independent archaeologist, and the DNA testing was done at the state of CT DNA labs. The skull was in the archives in Moscow with the documentation of Stalin's several investigations into the death. Stalin believed that Hitler got away, and his investigators discovered remains in the Berlin garden of Hitler's bunker - which we moved first to another Soviet site in Germany and then sent to Moscow (with part of them cremated completely.) The program cast substantial doubt about the testimony of the bodyguard outside Hitler's room I'd rate it as 60% probable that Hitler killed himself and 40% that he either got away (by light plane) to Argentina or northern germany. There was lots of confusion of course, but all parties seem to agree that the bodies were not fully cremated in the first burial site (light burning by gas, at best). Whether those bodies found were Hitler and wife is the great unknown.
dum luk wrote:
Low volume and no reaction to continual bad news. It seems to be capitulation in a sort of way. None of the bears want to stick their neck out anymore, even with horrid numbers to back them up. So does that make it a bull capitulation?
Comrade Alexei Mikhailovich wrote:
The trap and increased blocked shots (not to mention giant pads) led to fewer shots of less quality. Brodeur has been a very good goalie, but he wasn't nearly the best goalie of his era.
Here's congressmen Bernie Sanders and Alan Greenspan in 2003. How prescient can someone be!
YouTube - Rep. Bernard Sanders vs. Fed Chairman Alan Greenspan
Yalt wrote:
Thats what my husband tells me all the time.
apologies for my outburst.
noob goldberg wrote:
I think it's a trader capitulation.
Sorry, Pavel, some days I just reproduce myself with so much humble objectivity, with the unquestioning, matter of fact interest of a Squirrel! who sees himself in a mirror and thinks: there's another Squirrel! .
NAN (no apologies necessary).
It's Lent. Humble objectivity is very much in order.
All that market ferfluffle, including a "snapped thread" in the middle, and we end the week pretty much where we started. Pointless + futile = boring!
Yalt wrote:
That's not good for liquidity. If or when it does drop, it'll be steep, and it won't matter if there's an uptick rule because there'll be no bids to catch it.
I'm gonna settle for calling "hard to fathom" and let it go at that.
The skull was in the archives in Moscow with the documentation of Stalin's several investigations into the death.
It's very likely to be a scam.
Stalin believed that Hitler got away
Stalin followed Trotsky like a heat-seeking missile until he got him. Can you imagine what he would have done to get Hitler?
I'll give up
, 
, 
, 
, 
and even 
and eat 
every night - but I'm not giving up my lunchtime 
!
Interesting. I read the AH's remains were buried under the soil of a parade ground in Magdeburg? About the time the Soviets filled the bunker with sand he was dug up. He was cremated with a couple of old Marshals disposing of the ashes in a forest. A jawbone and something else ended up in Moscow.
anyone watching the USA vs FIN hockey game? (I'm not, but cbc gave about 3 updates in 10 minutes. 2-0, then 4-0, then 6-0)
dum luk wrote:
I've got a little bit in the market, just to trade a thesis. I'm prepared to have the market move against me, but to have a market that doesn't react to any news is really strange and unnerving. Either up or down, doesn't matter. I don't care if I'm even proven wrong, but this market action isn't proving anything.
EvilHenryPaulson wrote:
I am. So, how good is Slovakia?
noob goldberg wrote:
This market isn't real. It's just big institutions playing with windfall cash from Ben. There is no information here-- it's all noise.
We may need really weak numbers from retailers later this year before
finally shows up to the great pleasure of Canadian 
naked-shorts everywhere.
They're threatening to turn to Russia:
Iceland secretly pressured US to defend it against British 'bullying' -
UK Politics, UK - The Independent
But maybe nobody will give a damn.
EvilHenryPaulson wrote:
First period over: still 6-0. but two periods to go
Nolle prosequi - Wikipedia, the free encyclopedia
pavel.chichikov wrote:
Of course they are. Didn't Greece try that last week?
Slovakia is an underdog, but they have a lot of quality skilled/big/past veterans although not skilled+big+fast individually which is Canada's asset. Canada should win, but that will only happen if they earn it
NatGas is too low for Russia to be anyone's sugar daddy ATM.
What happened to the "swine flu is the new black death" doom? Are horrible diseases out of fashion this season?
Canada is
+2.5.
They have nothing to offer or threaten with, and they have an advanced welfare state to fund. I feel sorry for them.
NatGas is too low for Russia to be anyone's sugar daddy ATM.
I don't think it would break Russia's budget to help the Icelanders. But why should they? Russia does not = philanthropy.
greenchutes wrote:
I can't naked-short right now because I'm at work. After the last market downturn my boss absolutely forbid nude trading.
A curiosity question for those who work with lots of people....any uptick in sick leave being used? Observations of depression? My wife hasn't been able to have a meeting in days because she can't get everyone to work on the same day. People who do show up are distracted.
Are horrible diseases out of fashion this season?
It wasn't the new black death, but it did kill its share of people.
Influenza will be back.
A more interesting question is whether or not they want Baku in the long term. Icelanders don't have anything left except nice fishing rights.
dum luk wrote:
Heh, my latin is non-existent but that's an excellent phrase that summarizes my feelings. If the market isn't going to cooperate by allowing me to run my experiment, I might as well give up.
The working population commenting here is somewhat low. Those working are more on the self-employed side. Of course no one would steal their employer's time to read CR and comment here.
Noob, semper ubi sub ubi.
badger wrote:
I see it more as quality training and skill development.
A more interesting question is whether or not they want Baku in the long term.
Yep. They are on a roll, and they will take anything they can get that interests them.
The Baltics detest the Russians, hate and fear them, and with reason.
Generally speaking, new capital is a lot harder to come up with than a new theory - or at least that's been my experience.
So much doom, so little time. ADD doom. Here today, gone tomorrow. We're focusing on Carrington effect part 2 this week. Well until the solar filament collapsed. I suggest giant toe-eating sea otters for next week. A threat of the ages.
greenchutes wrote:
That's not really naked shorting then, is it? I don't want to limit my options for pursuing filthy lucre.
February 26, 2010
"Icelandic Prime Minister Johanna Sigurdardottir said Feb. 26 that a deal to repay billions in lost savings to the United Kingdom and the Netherlands is still possible, Deutsche Welle reported. Speaking to reporters in Reykjavik, Sigurdardottir said there is a slim chance to avoid a referendum on the repayment of the debt and that she did not think “negotiations have stranded,” Speaking to Reuters, Sigurdardottir said, “We still have something up our sleeves.”*
The Bernie Sanders explosion was awesome! I now like him more having seen him rip into Mr. Magoo
pavel.chichikov wrote:
that stuff is Goldman Sach shit from when they rammed your arm up your ass
dum luk wrote:
Also an excellent perspective. I'm not betting the bank, and as of this time I'm really just fluctuating around the break-even point. It's been educational, and usually the most educational experiences I've had are when I've got skin in the game.
Unfortunately, they also usually involve humiliating defeat.
It looks like traders are taking cover in PMs for the weekend.
Are there some sovereign defaults scheduled or something?
The Bernie Sanders explosion was awesome!
I'd like to see that.
pavel.chichikov wrote:
Here's the link again:
YouTube - Rep. Bernard Sanders vs. Fed Chairman Alan Greenspan
LOL. Do the IceLanders not see the news and understand who is running Washington these days?
Not here, but recessions and layoffs are not good for peoples mental health, even for those that are working and surviving just as well off as they were before.
I usually see lots of sick time taken to care for sick kids, and not actually the coworkers out sick. I imagine with more people with unemployed spouses available for that role maybe this has gone down some.
Are there some sovereign defaults scheduled or something?
With the way markets trade these days this should pass as 'fundamental' analysis - the markets rolled over tout suite after the last olympics.
sm_landlord wrote:
Yes, but only on Saturdays. There's bound to be a Sovereign Rescue Sunday to bail them out.
I like to give it the acronym SRS. It's got a nice ring to it.
You just can't make these stories up......
23,000 now expected to lose jobs after shuttle retirement
"I like to give it the acronym SRS. It's got a nice ring to it. "
I'd like to order 200 shares of SRS with a side order of lidocaine. Let me just pull the money out of my
to pay for it Mr. Friendly Broker.
YouTube - Bernie Sanders and Timothy Geithner
Vonbek777 wrote:
Almost everyone where I work is oblivious to what has happened, is happening. It is only when something smacks them personally that they realize anything has changed. Even then, the attitude is, worst is over, blue skies from here. The accounting manager is still trying to convince me that loading up on stocks is the smart play.
noob goldberg wrote:
Some Really Serious crack for short sellers. Guaranteed to leave you poorer, inclined to
theories to explain your losses, and on good terms with your neighborhood supplier of KY.
LAM wrote:
FTA:
""The market will drive where space vehicles are launched from," Nappi said. "And if we believe in Florida that we have the birthright to spaceflight operations, we're going to be the Pittsburgh of the steel industry and the Detroit of the car industry.""
Ouch.
23,000 unexpectedly lose jobs after shuttle retirement
username
you are very welcome, just stay around here,you hear
"History Channel program couple nights ago casts doubt on whether Hitler died in Berlin or got away. Fourth Reich?"
I'm willing to bet that if he did, some of his grandkids are somewhere on Wall Street.
this is interesting
Hiding debt: The secret lives of America's debtors - Feb. 26, 2010
Hidden debt is a common and insidious problem. "It's a form of cheating so subtle you don't even know you're doing it," said Bonnie Eaker Weil, a relationship expert and author of the book Financial Infidelity. "It's a power struggle that can be more harmful to a relationship than adultery."
His grandnephews are in NJ. Is that close enough
Was at a Canadians/Islanders (on Long Island) playoff game way back when Roy was first in nhl. Great game, 1-0 Canadians for most of the game. When the jacka$$ islander fans weren't chanting '1940' or 'Rangers Suck', i was hearing comments like (phonetically) 'RooAhh, what the hell is that? I don't eat at RooAhh Rogers'. Pretty funny.
Same at my wife's office, which is why she is wondering what is up. Maybe it was the IRS building, she does work for a federal office. They're pretty insulated as a group and think the economy is fine. Maybe it is children sick at home, some pretty nasty bugs still going around here.
Mr Slippery wrote:
That would have been great advice 12 months ago.
I see people acting strangely. Anger and resentment coming out. I feel my own mood swinging as well, but that's normal.
Unexpectedly 23,000 unexpectedly lose jobs after unexpected shuttle retirement
Unexpectedly 23,000 people quit paying their mortgage. It is 23 months before it is noticed
NYT has taken Patterson out of the running for NY state governor election
so who is the anointed one to be elected?
a lot of time / money / power has gone into ejecting these guys (Patterson, Spitzer, Cuomo, are there others?), so there has to be some kind of active return on investment planned
I work at a pretty large company; 16k employees approximately. We had some significant layoffs when the credit crisis hit and I heard of 2-3 suicides including one person in my local organization.
Since the first shock of the layoffs things have settled down and I'm not seeing/hearing any changes in behaviour lately.
Mike in Long Island wrote:
Guaranteed to leave you poorer, inclined to theories to explain your losses, and on good terms with your neighborhood supplier of KY.
I watch it on a semi-regular basis. More like your neighborhood supplier of sand and glass chips.
The shuttle is a way overpriced way of doing business. There are cheaper ways to put satellites into orbit.
Ending it makes sense long term, but this is a really bad time for it to end.
Imagine - even a quarter of the imaginary money the Fed is shoveling at the MBS market could make all of the state, county/parish and muni pain go away instantly.
Current stock market action is more indicative of a bottom than a top.... that does not preclude another leg down, but if you want to have a stock portfolio this is not a bad time to be building it up...
Notice I said "if you want to have a stock portfolio" - NOT "if you want to get rich quick"....
CaptainMorgan wrote:
Ending it makes sense long term, but this is a really bad time for it to end.
Deflation is polymorphously perverse like that. The masses don't get smarter or herd less in a depression than they do in a boom.
It can change habits though, hard times that is.
shill wrote:
My daughter is there. She says that the vast majority of "rioters," in her words, were just "old people--not students." When I asked her to quantify "old" she replied, "like mid to late twenties."
Sorry, It is Long Island
Three Quiet Brothers on Long Island, All of Them Related to Hitler - NY Times
ShadowInventory wrote:
How exactly does a 50% up move in the market in a year create a "bottom"?
greenchutes wrote:
Back in the late 1990's I was trying to get a movement going to push on congress for a rollout of fiber optic lines to every use endpoint in the US - I thought it might have cost $100 billion at the time but that was just a guess - I compared it to the interstate highway system in the benefits it would bring to the economy... Just looking back over the last 3 years that 100 billion looks like pocket change, and what have we got for several trillion? Nothing that is going to make the economy grow.....
ResistanceIsFeudal wrote:
My supplier of KY has the other side of my trade - as a token of appreciation he leaves the sand and glass chips out of mine.
Thank you for sharing that Pearl. I need my daily dose of reality.
Recessions probably cut both ways healthwise. Less job stress, and fewer traffic deaths, for the unemployed. Slightly less pollution, due to less traffic and less use of factories, retail, etc. More job stress for the employed who are pressured to do more work with fewer resources. Etc. etc. etc.
Oxtail wrote:
It's not the rebound from the spike down - it's the relatively flat and quiet chart since then - bottoms are usually flat and quiet, while tops can be very spiky and are usually never flat and quiet.
that was interesting ghost and from your link:
History of Riots in Berkeley
ShadowInventory wrote:
That was my earlier confusion. But I think Yalt is correct, it's trader capitulation, but it's happening at a pretty high level on the markets. It just seems a strange place to be having this kind of action.
When I asked her to quantify "old" she replied, "like mid to late twenties."
By that definition I should move into a museum.
Vonbek777 wrote:
Sorry! You get used to it....
ghostfaceinvestah wrote:
I would say horrifying.
I had a coworker long ago whose wife ran up the credit cards fairly high, he canceled them and slowly paid them off and kept her under a tight budget. Well, a few years later she gets the pre-approved credit card offers, since of course the credit rating is high after paying off a bunch of cards, and opens a card or two and slowly starts running it back up. He didn't catch her until it was around $50k, worse than the first time. Cash out refi on the house to pay it off, ended up losing the house and the eventually the wife,but not sure it was so much as losing her as leaving her for survivals sake.
ShadowInventory wrote:
That would have been great. But now that the country is in run-out mode, it isn't going to happen. Verizon is losing tons of money trying to make it happen in some of their service areas, and it would not surprise me if they give up before too long.
Correct, but the shuttle hasn't been in the satellite launching business since Challenger blew up in the '80s. The real action is in the "new space" industry where there is a real possibility a new batch of companies will be able to deliver both cargo and people much cheaper to low Earth orbit than NASA was ever able to do. The sad thing regarding the shuttle related layoffs is that for 50 years the workers and community imagined the government would continue to bless the Kennedy Space Center area with an endless stream of cash, no matter how inefficiently that money was spent. They can't conceive of any other way now, and they are probably correct. It's over and time to fold up the tent.
I'm certain there will be many other communities in for such rude shocks in the coming years. The government going broke kinda has that effect.
ShadowInventory wrote:
I'm struggling with why anybody would want to have a stock portfolio? The promise of stock buy-backs that don't cover dilution from grants and options? The small trickle of dividends that got slashed in the down turn? The hope that private equity will take your stock out?
"while tops can be very spiky and are usually never flat and quiet."
I thought it was both bottoms and tops that are spiky. Ie. a change in direction of the market into either a bull or bear market. I'm pretty sure I read that somewhere. We also haven't seen the capitulation selling on strength that normally happens during a bottoming process.
noob goldberg wrote:
It's flat and quiet because there is no reason to buy, and most who wanted to sell have already done so... That is typical of market low points - no one can foresee any good news that will create growth... And even though we discuss it, there is no current reason to expect inflation either... But - things will change... it might be a while longer yet, but eventually the economic landscape will change and there will be new growth... it would happen sooner without all the govt interference, but even now some people are laying the groundwork for new areas of growth...
BremNorthwest wrote:
I think this generation of kids at Berkeley won't riot--but there might be some very serious whining.
mpthompson
Kennedy Space Center joins a list that includes a lot of ship building yards.
Anyone else notice today's market close numbers of 4-2-4 = China's olymic metal count
Completely irrelevant, just wonder who will be ahead on Monday...
mpthompson wrote:
And those of us who spent our formative years trudging through the empty city blocks east of Kendall Station where the space center was supposed to be can only laugh at the long delayed justice.
kicker wrote:
The way corporations are run today, I agree. With puny dividends that may be slashed or stopped at any time, and no effective management control (unless you are the majority), it is almost like you are buying trading cards. Gentlemen prefer bonds.
So what are the odds of another meltdown this year in the fantasy financial world as opposed to the real world? Ben is getting very experienced at working with other financial planners (the other 14 or so Central Bankers) as Congressman Alan Grayson found out during congressional interrogation when he pursued the origination of the half trillion of foreign reserves in Ben's coffers that suddenly appeared out of nowhere in the last quarter of 2008 when the dollar went up 20%. Hu knows. But we do need a hell of a lot more South American style stimulus
What are the chances of a nuclear exchange? Can't be ruled out when it concerns money and sovereignty.
I think this generation of kids at Berkeley won't riot--but there might be some very serious whining.
I don't know. I see a perfect storm of texting on the horizon
Anything that triggers the dopamine hook can cause addiction. Although I can't see the thrill in daytrading. It makes my stomach queasy just thinking about it.
Buy the ticket.
Take the ride.
I am surprised to be saying this. A report from the CA Association of Reators shows the situation was worse than I anticipated. Mortgage woes lead to most home sales - Lansner on Real Estate : The Orange County Register
"Most California homesellers — a whopping 67% – who sold their homes last year couldn’t pay their mortgages, a survey by the California Association of Realtors shows.
“For the most part, the bottom line was, ‘I’m being squeezed out of my home because I couldn’t make my mortgage payments,’ ” said Leslie Appleton-Young, the association’s chief economist.
In response to another question on specific financial woes, sellers cited difficulty meeting monthly mortgage obligations (30%); loss of a job (18%); and mortgage payment increases(15%) as among their primary motivations to sell, according to the 2009-2010 Survey of California Home Sellers.
By comparison, in 2008, 1 in 5 sellers cited difficulty paying the mortgage, while 11% sold because of financial difficulties.
More survey highlights:
Nearly three-fourths of sellers were concerned about the buyers’ abilities to get a home loan, an increase from 54 % in 2008.
63% of homes fell out of escrow prior to closing. Nearly 70% of sellers cited “buyer could not get an acceptable mortgage” and more than 60% said “buyer backed out” as the main reasons the home fell out of escrow. Other reasons included: Buyer’s remorse (26%); “lender withdrew and did not fund” (24%); and “home prices continued to decline” (18%).
Once the home did sell, half of sellers reported escrow did not close on time in 2009, compared with 36% in 2008.
On average, homes sold for $20,958 less than the original asking price in 2009, while the median difference between the selling and listing price was $32,315.
The list-to-sold-price ratio was significantly larger between first-time sellers ($30,000 below list price) and sellers who had previously sold a home ($8,000 below list price).
The percentage of first-time sellers grew to nearly half of all sellers (44%) in 2009, a 33% increase from 2008, and nearly three times the 2007 percentage of 15%.
C.A.R. President Steve Goddard said:
“Tighter underwriting standards and a decline in equity continued to impact the market in 2009. Many homeowners chose to sell last year because their adjustable-rate mortgage reset at the same time home prices were experiencing an unprecedented decline, leaving them with little equity and difficulty in qualifying for a refinance.”
Pearl wrote:
I agree completely. Just wanted to point out that there is a very long history of rioting in Berkeley.
nova wrote:
There will be blood in the twittersphere.
BFF Poll for Fri. Feb. 26th 2010 | Hoocoodanode?
nova wrote:
Now THAT I can see. Or maybe they'll organize a Facebook riot.
gnome just to whet your appetite.
Tonight dinner is:
Homemade thing crust pizza.
Just finished the dough and letting it settle in the fridge.
Simple tomato sauce.
Sopressetta salamai
Bocini mozeralla balls cut in thin slices
Fresh basil leaves if we still have any.
Use the technology to organize a Flash Whine.
Oxtail,
The days when they texted until their thumbs hurt - yet they pushed through the wall of pain - those will be golden memories.
Dudes, like, where do you, you know, get off on, like, our, you know, like, lack of litteracey and stuff?
Dude.
hG
huh?
Anyone else notice today's market close numbers of 4-2-4 = China's olymic metal count
Completely irrelevant, just wonder who will be ahead on Monday...
pavel.chichikov wrote:
Black is always in fashion...
poic<
Damn, now that's a pizza!
I'll be right over...
I've just started braising some baby back ribs for dinner tonight.
Just sowed some basil seeds a few days ago.
Can't wait for some fresh pesto pizza.
Pearl wrote:
BremNorthwest wrote:
Link stored in Career Development directory...
Some Badly Drawn Boy zen for Friday afternoon.
Life is turned upside down
But then maybe it's just
Been put back the right way round
All your dreams realised
There's new fire in your eyes
In despite of its size
You soon realise
That it's alright
Tonight
Feels right
Now there's a cross
That nobody should really have to bear
But then maybe
That's just when life's treating you fair
There are lessons to learn
When you've waited your turn
And things didn't turn out
Quite the way that you dreamt about
But it still feels right
Tonight
Feels right
And it still feels right
energyecon wrote:
Influenza will be back.
So will famine. So will war. Yes, one day they will ride. Captured on a cell, uploaded to youtube and made into a mashup. Go! you willd horsemen! Entertain us!
Didn't one of the horsemen have a heart attack in the last week?
Those pesky arrows of Artemis are the ones to watch out for.
Enumerate the doom without discrimination, and you look like a fool most of the time. Hedge fund managers must drink pretty hard.
Didn't one of the horsemen have a heart attack in the last week?
No, but there was talk of outsourcing their steeds to China and going with Vespa clones.
go to newspaper websites from around the world
they usually have a sidebar of popular stories
regardless of the day's news, you can see that certain countries media/readership are much more negative than normal
I think it's like how dogs can sense a storm coming, they'll bark
we have the barking, but people aren't hearing it yet
HomeGnome wrote:
And I saw when the Lamb opened one of the seals, and I heard, as it were the noise of thunder, one of the four beasts saying, Come and see.
And I saw, and behold a white horse: and he that sat on him had a bow; and a crown was given unto him: and he went forth flipping, and to flip.
And when he had opened the second seal, I heard the second beast say, Come and see.
And there went out another horse that was red: and power was given to him that sat thereon to take equity from the earth, and that they should indebt one another: and there was given unto him a great line of credit.
And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and saw a black horse; and he that sat on him had a pair of scales in his hand.
And I heard a voice in the midst of the four beasts say, A measure of granite countertop for a penny, and three measures of Pergo for a penny; and see thou hurt not the brushed nickel fixtures and the stainless appliances.
And when he had opened the fourth seal, I heard the voice of the fourth beast say, Come and see.
And I looked, and behold a pale horse: and his name that sat on him was Recession, and Depression followed with him. And power was given unto them over the fourth part of the earth, to kill with easy credit, and with mortgages, and with HELOCs, and with the financiers of the earth.
nova wrote:
Mare Island. Ah, memories.
Nah, Cheney was just in so "they" could upgrade him to Windows 7.
(They never should have switched him from XP to Vista, in the first place.
The XP Cheney didn't crash nearly as much.)
RD,
Not bad. New American Revised - CA version?
This just appeared by magic...
Totally freak out your neighbors - I especially like the garage band version....
Can't afford to park something cool in your garage? Wrap it up! — Autoblog
Bob Dobbs wrote:
I was there from 87-91. Glad to see you didn't put fond memories.
nova wrote:
Thanks. Exurban Nation May 07, 2007
I thought the part about the pale rider using financiers to bring depression was best.
A local news station covered a major job fair with the story of record attendance as if it were a positive thing. As I watched the footage I couldn't help but notice how much I was reminded of farm animals at the chutes of a meat processing plant. Meanwhile the business-educated portion of my brain reminded me of the implicit buyer's market and consequent reduction in wage offers that would result. Am I going
from all this 
?
RiF - Hmmm. Sounds inflationary.
I thought the part about the pale rider using financiers to bring depression was best.
That passage always sends chills down my back. Even your changing of the words - it still has power.
UPDATE 2-Clinton says U.S. deficit now a security issue
| Reuters
ResistanceIsFeudal wrote:
Poll: On what day will someone post the following line?
We're all
now.
Exactly and very sad. If the community had the foresight to focus on building up the private space industry over the last few decades to eventually replace government spending the story might be different.
scone wrote:
Oh....they better NOT!!!
My kids are convinced that this Onion video was based on me....
Facebook, Twitter Revolutionizing How Parents Stalk Their College-Aged Kids | The Onion - America's Finest News Source
John the Revelator was one weird dude.
YouTube - Blind Willie Johnson - John the Revelator
"Can't wait for some fresh pesto pizza."
Hmm, never tried that one.
The only problem we have is can't get the oven hot enough to do a really good crust. When we get a house again we plan to put in a pizza oven outside.
I"m going to say "today" since you just said it.
nova wrote:
That passage always sends chills down my back. Even your changing of the words - it still has power.
A little Revelations, a little Poe, a little Lovecraft...
masters.
We could be pets....
Rob Dawg wrote:
??? what is this story?
t r orwell wrote:
I think it's more important to be effective than to be prescient. Have things improved since 2003? Has Sanders been able to do anything to help avert the crisis that he might have seen coming? Yes, we need more Sanders and fewer Greenspans, but we also need to them to be more than just talking heads. Angry rhetoric doesn't produce results unfortunately.
HomeGnome wrote:
With crumbled feta cheese and sundried tomatoes. Nommm. My second favorite exotic style after "all white."
Well, I am sympathetic for the NASA employees, but the shuttle had to go; and we need a total rethink of our space policy.
Some Jersey for the spacecoast:
YouTube - My Hometown - Bruce Springsteen - Paris 85
Rob Dawg wrote:
Excerpt from an oldie:
“Lender!” said I, “thing of evil!–lender still, if bank or broker!
Whether tempter sent, or whether tempest tossed thee here ashore,
Upside-down, yet all undaunted, on this desert land enchanted–
In this home by horror haunted–tell me truly, I implore:
Is there–is there Equity in store?–tell me–tell me I implore!”
Quoth the lender, “Nevermore.”
“Be that word our sign of parting, bankster fiend!” I shrieked, upstarting–
“Get thee back into the tempest and the Night’s hard granite shore!
Leave no papers as a token of that lie thy soul hath spoken!
Leave my bankruptcy unbroken! — quit the bust above my door!
Take thy beak from out my heart, and take thy form from off my door!”
Quoth the lender, “Nevermore.”
Username wrote:
Me too, but I almost always get a laugh out of the comments here. Along with helpful (when I can understand it) knowledge. So I add my thanks also.
Yes, that is Paulie Walnuts fingerpicking at 2:30.
Wow, NAHB warns of housing shorage.. We better start building again! (Yes, this is a 2010 newsletter, not 2005)
Oxtail wrote:
Well, if you're momentarily upside down like some of the Olympic skiers...
JP wrote:
President Kennedy of Massachusetts chose a huge swath of Cambridge for the science part of the moon program. The land was cleared and ready for the facilities that then ended up in Houston after Kennedy was killed and Johnson took over. Most incredible piece of porkbarreling ever and I include recent examples. Damaged o many and left a gaping urban wasteland and set the program back years and incredibly boosted costs.
In my memory, the book of revelations goes with baptist fish frys and tent preachers porking the choir girls behind the pie wagon.
Hockey game - US just changed goalies - still US 6 Fins 0
New Yorkers, who is the next governor going to be
Is it the same forces who took out Patterson, that took out Cuomo and Spitzer?
ShadowInventory wrote:
Must be resting Miller for the gold medal game
scone wrote:
Mmmmmmmmm - pie........
re sick leave
my husband's still working and he is using his sick leave like crazy. he's got it stacked up. he works for the state and will probably get 12-16 furlough days too.
time to go ride the Metro
Thanks, I did not know that story.
EvilHenryPaulson wrote:
Presuming that Canada wins today, that gold medal game should be a doozy.... I have no tv at the moment but will gladly pay for a couple of beers at the local sports bar for that one....
Rob Dawg wrote:
So renaming Cape Canaveral was the consolation prize?
I believe the anointed one is Andrew Cuomo. He gained his popularity slamming Wall Street, so it'll be interesting to see what he does as gov.
you are most welcome lindaj, and keep on hanging around here, they are very good about answering questions if you dont understand what they are talking about.
Yves puts up a post re management compensation issue: RBS pays billions while Commerzbank bankers get nothing « naked capitalism
"the critical feature of the deal in the German press was the enormous bonuses awarded to Mannesmann management – 111.5 million deutsche marks ($77 million). Mannesmann group chair Klaus Esser alone pocketed more than 60 million deutsche marks (about $40 million).
Germans were outraged. The scale of the pay packages was unprecedented. And this was pay which, although technically for past performance at Mannesmann, was being awarded for people who weren’t likely to be a part of the new larger Vodafone enterprise for long. The feeling was that management had rebuffed the initial offer because they did not want to lose their jobs, but took Vodafone CEO Chris Ghent’s sweetened offer because they were effectively being bribed. So, they were sued. Although the men were eventually acquitted, the case has had lasting impact in Germany.
The defendants had argued that such large payments are common practice in other countries such as the United States and that sanctioning the executives would discourage any bold decision-making in German companies in future.
-All Acquitted in Mannesmann Trial, Deutsche Welle, 2004"
That's how new Baptist churches get born scone. Nothing like the Preacher up and divorcing his wife, admitting an affair with the new church secretary, and asking the congregation for forgiveness.
After 5 p.m. EST so there should be a
soon.
OT
Iraq veteran charged with killing girlfriend found dead in Arizona | L.A. NOW | Los Angeles Times
"Some day this war is gonna end."
Yeah, right.
rosethorn wrote:
"the critical feature of the deal in the German press was the enormous bonuses awarded to Mannesmann management – 111.5 million deutsche marks ($77 million). Mannesmann group chair Klaus Esser alone pocketed more than 60 million deutsche marks (about $40 million).
Well, OPM is an amazing high, but it's so hard to quit once you're addicted.
ShadowInventory wrote:
If Canada TCB (takes care of business) today, it will be HUGE
remember it was USA vs Canada in 2002 at Salt Lake City
these are the highest tv ratings for a Winter Olympics since 1994 (east coast snow storm helps), the NHL's Winter Classic was good and beating college bowl games, it'll be at a good time (12:15 PST / 3:15 EST / watchable in Europe)
the games have been very good in the tournament, the combination of young guys and veterans combine for perhaps the best hockey tournament ever played
Vonbek777 wrote:
Well... tent preachers don't have congregations. They generally aren't real preachers, either. And they'll sell you a blessed joint liniment for a dollar!