Matthew
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Wasn't there also a troll around here named Magnolia buyer or something like that? I wonder how his home purchase is working out for him.
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The Shugster, I still have a special place in my heart for that guy. He is a different breed of troll than what you will find around the blogosphere these days. Nice how once the bubble started popping he disappeared from the online world. Yeah…
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I think the downtown condo market is about to take a gigantic nosedive! MAYDAY MAYDAY!
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The commodity bubble bursting is one of the first signs of deflation. We already have increased unemployment nationwide, as well as destruction of wealth in equities, energy, and home values.
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Oil check, hovering in the 70 dollar range. HELLO DEFLATION!
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I don't necessarily disagree with either of the last two posts. My initial point was that commodities (to include oil) were a speculative bubble that was about to burst due to deflationary (decrease in demand/money supply) effects. It just seems…
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Oil now at 104 and dropping... Could we see 80 dollar a barrel oil and a repeat of last year's paranoia by the peak oil theorists? Prepare for deflation America! OPEC was actually talking about CUTTING production this week!
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RCC, Do I have proof?? Absolutely not. I don't think anyone can "prove" exactly what the decline will be, we can only make educated guesses. My guess is based on what will happen if the median house prices falls back in line with 2.5-3 times m…
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To clarify another point, the GSE's don't make loans, they buy them and guarantee them. We'll see if it's biz as usual with them or if this somehow alters the way they do biz. My guess is that under FHA management we are going to see some SERIOUS …
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Sniglet, We'll have to wait for more details to come out on this, but the proposals that i have seen place the GSE's under FHA control. I'm assuming that FHA management is going to be doing some substantial tightening of standards, but who knows…
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RCC, I can very easily envision a 80% decline scenario. Picture this: 1. Nearly all buyers without 20 percent down and nearly perfect credit are off the grid. 2. Unemployment increasing rapidly (up to 6.1% nationally) 3. Foreclosures …
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Wow... Wow... Looks like E's 20 cents on the dollar call isn't looking so wingnut afterall! All that's going to be left is FHA. 20% down and 30yr fixed here we come!
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Lamont, Do you believe we have reached peak or or not?
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My bad, 30 bucks, not 40. And yes, commodities are all independent markets, but they are tied to one thing: The dollar. But isn't that the deflation theory? The dollar will rebound when everyone is aware that decoupling is a myth and the rest …
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RCC- Oil down more than 40 bucks from its peak, gold below 900 an ounce, soy and corn way down and the dollar is at 7 month highs vs. yen. Can you say bursting bubble? Looks like I was right. Too bad I'm not a commodity trader.
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not a laughing matter
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Let me put my tinfoil hat on.... Ok, now I think I understand this thread.
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RCG- Agreed, the bubble has spanned both Democrat and Republican presidencies.
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I wouldn't necessarily give the election to Obama quite yet either... If the Democrats have shown us anything the last 50 years, it's been how to snatch defeat from the claws of victory. Only one democrat has received more than 50 percent of the po…
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Damned if you do, damned if you don't. F'in weather!
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And another thing, it doesn't matter who gets elected president. Come November it is going to be very clear that this country is in for a long deep recession. Neither Obama nor McCain have a chance in hell of restoring any luster to America. We…
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Perfectfire, It could be that from a technical analysis side that most of the lower end support was breached on all three indexes, and breached convincingly. We've lost about 19.8% on the S&P (20% is an official bear market) so the market ps…
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The US Energy Secretary is a government shill. His word is about as meaningful to me as Hank Paulson and Ben Bernanke. I read that article earlier, it's bullshit. He is trying to get the Saudi's to increase supply, supply is more than adequate ri…
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The next bubble is already here, its in commodities. While I agree that peak oil will eventually become a reality, demand has not risen enough to justify current oil prices. The demand for oil has increased, but has it increased 120+% in a year?…
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Huge push out of the DOJ for more funding and agents to be working mortgage fraud cases. The indictment is just the first phase, they guys are going to lawyer up and then come to the table for plea negotiations. He who talks first usually gets t…
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12, 123 and counting
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Housing Tracker data used to be pretty reliable but about a year ago they started to have an error with their data feeds. I emailed the site owner but he wasn't sure what the problem was. I used to go to that site pretty regularly but haven't visi…
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They should have just bulldozed the old house and built a new one ontop of it.
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By the way, if anyone is interested in more of these vids you can check them out at http://www.tickerforum.org/cgi-ticker/a ... sentations There are some really good vids by both Mr. Mortgage aka Hedgie and KD aka Genesis.
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I'm writing in Genesis for prez and Hedgie for VP in 2008!