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Some bank buyers may be ready to cash out | HeraldTribune.com
Of even more interest
YouTube - the best way to rob a bank is to own one
They must have read Bill Black's instruction manual.
did itulip shut down?
Sit out of the rally at your own peril.
I think barring any unforeseen events, S&P will head higher and higher.
I'm cautiously irrationally-exuberant.
Who cares about anything when real-estate is on the uptick?
It's all about confidence games
You're a genius.
Capitalism is killing our morals, our future - Paul B. Farrell - MarketWatch
That's bullshit...any form of running a nation can be bastardized to produce bad results. At it's core everything has its pros and cons. So far the US has enjoyed the pros of capitalism...not it's dealing with the cons.
At what point does the Fed admit that QE 3.x isn't working?
it's working...without it we'd have deflation.
Suppose gas went down a dollar a gallon, and everything else stayed the same? Why is this bad?
because it would kill the electric car.
How come no one is talking about cyprus anymore?
My rent went up $5 at the last renewal.
off to bed now...
this is worth a read
BTR Capital Management, Inc.
merchants of fear wrote:
Maybe you are not one of the folks who lost their money and savings from the last bubble/bust.
Indeed I was fortunate. But I don't personally know anyone that was completely wiped out. I know only one person that had a serious adjustment...went back to working a job instead of their own at home business, but even they are back now to doing their own thing at home.
Austerity has a limit.
We are like frogs in a slowly boiling pot. The frog never jumps out...it dies because it doesn't realize its getting too hot. But...before it gets too hot, we will start to see some cool down. I can see the Dow at 20K by the time employment recovers...there'll be a lot of poor people, but should not be a problem to create the guns & ammo & canned food scenario that people have been talking about.
I try to just call the red flags... fear is already used in a myriad of ways...
Point is that these are all known flags...people used to say CRE would make the RRE crash look like a walk in the park...what happened? Nothing at all...barely a blip and now things are already recovering. Around my area every place is still being built up with new strip malls even though there are tons that are empty. But I don't think it's going to be a problem...they are probably building for a fraction of the cost and they'll be able to lease them out as things recover.
I want to believe there'll be a crash, but I don't think there will be one...instead I think there's a slow readjustment happening where people are getting poorer and the standard of living is falling (for most), while a few are benefitting. FWIW, I have struggled and done quite well in my career and yet my salary is no more than it was in 2000 adjusted for inflation. I can't imagine what it's like for the average person with no raises for several years.
We gotta live up to our names...you can spread fear and I can be clueless
There's fraud going on... don't kid yourself...
In what way?
Who understands derivatives systemic risk?
That is a solved problem...they bailed out AIG. And in any case, that really happened because of the rampant fraud more than anything else.
Gold plunging... a sovereign defaulting... war noise... contagion shock event...
Every one of those has been happening for a while...
The effects of fraud linger from the last bubble...
That's nothing new...market won't react to old stuff and the rules such as suspension of mark to market. If there is new fraud happening, then we need to know about that. Last time around CR was aware of the fraud...this time he could be blindsided. If you know something, alert him.
Stuff that is happening recently reminds one of shock events where all bets are off...
Do you see any signs of irrational exuberance?
I wouldn't know it even if it were there...have to rely on experts for that. CR is the only one I read that got it right on the way down and again on the way up...everyone else was too busy calling "foul". I think the data that CR reports would show some signals if things were headed downhill. Right now they can't head downhill unless the fed pulls back QE, which they have clearly said they won't do till unemployment falls. So we can safely assume it's up-and-up until unemployment hits their target. At that point, they probably will start to taper things off...and that's when we will have the next recession (not crash though), because this time around there isn't outright fraud in any area (as there was during the bubble). Are you seeing fraud anywhere?
The stage is being set for one Big Motherf-cker of a Crash with no way out and nowhere to hide.
living up to the name, huh? no crash or cr would see it coming.
It's kind of weird I sold my 200 GLD 2 weeks ago because I didn't like what it was doing to my taxes (too many fractional sales), so I decided I'd sell and buy back in 401(k). Now, since I'm a follower (although a cheap one since I don't subscribe with my own money) of Poic's newsletter, I had a loss when I sold, and because of wash sale rules, I decided to hold off for at least a month...now looks like I can get in much lower. My 100 IVV is still doing well. That about sums it up for my exposure to stocks...oh, I forgot my 1000 NOK. Ok that's it!
Rajesh, since you're the point leader, give me some investing advice.
At least there's no danger of a recession. Tomorrow should be a better day for Mr. Market.
Why is glod getting clobbered?
house prices, not inventory.
(you're not paying attention!)
No one in their right mind cares about Japan. It's all about US!
But I'd rather see stuff get expensive than quality get crappy. Tired of buying crappy stuff over and over...will gladly pay 5x to buy it once and be done with it.
Everything's getting more expensive.
What's for dinner? Fresh pan-fried Trevally fillet on a bed of wilted spinach with wild rice.
pasta with zuchini & feta. does that sound weird? it's my own concoction.
Am I the only one who understands that uninsured deposits are not insured when a bank goes under?
Not if the Fed decides to step in and save the day.
Love the toll roads in FL.
One less than the 8s!
% that is!
The Fed should stop buying MBSs from FL.
Yay, Florida in the 7s!
What are the 7s?
Can't believe the comments are now working as they should on MAC OS/Chrome. I can actually reply with quotes and such.
I think the planets have shifted...
Now if only the rest of my life would right itself.
I got a 2% raise.
I got a 2% raise for this year.
Can you trust someone with a name like shiller?
Over the past 6 months
- No guns, ammo, or canned food.
- No social uprising.
- People eating out like it's boom time.
- Hotels sold out during spring break.
- People are optimistic about the markets and are getting back in.
Forget the data from those conspiracy-theory, perma-bear sites...follow CR!
People with ya'll kind of net worth should be in S-class benzes. I'm so disappointed to be here...I was hoping I'd get encouragement to dump my 10 year old BMW with 211000 miles and get a new car (which is what I get from co-workers all the time). Instead I get someone saying they drive a restored honda civic with 359K miles....WTF???
That would be considered normal only you're broke and simply can't afford a new car.
Normal = buys a new car every few years (typically no more than 5 to 7), living at or close to (either slightly above or below) their means (as opposed to being a hoarding saver!), etc. You know...like the Joneses.
Geez, I'm hanging out with the wrong crowd...need to find some normal consumer types to hang out with or I am doomed.
You must be making a killing off your newsletters.
Yeah...at these rates leasing is almost a no-brainer. Financing still not sure given that my money is earning ~0.5%.
Is that your only car, or do you have multiple cars?