perplexd
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I actually was one of the testbed customers when TCI first introduced cable broadband internet in West Seattle, before it was AT&T home, before comcast. My biggest problem with comcast has always been that they basically tried to make you ins…
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Shorting this market because you know it is a bubble is not much different in my mind than being long because stocks and housing always go up and the Fed will always save us. Maybe I'm just too conservative by nature, but to me the lesson of bubb…
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still under construction probably explains the low damage number. If I was a developer looking to get my first sales by year-end and actually start filling units next spring, yeah, I might hire someone to accidentally tresspass and start a fire.
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In case it's not clear, I felt vindicated about aggressive, inexperienced investors doing a lot of short-term shorting. They got hosed. But yeah, nothing is solved here. We'll call this a dead cat bounce in a few weeks.
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perplexd wrote: Sounds like some major overconfidence over there. The futures are up 88 points for the dow right now. I doubt those punks will be dislodging the financial elites of this world any time soon. More likely, they'll just get their c…
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small_far_ugly wrote: one good byproduct of the credit crunch will be to save people from themselves by denying loans to those with poor judgment (who are primarily responsible for the situation to begin with). Yeah, we demanded those no-do…
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B wrote: it will start out of town and spread 'in town' faster than anyone thinks. It has already started at the high end and the low end. Yup, in today's article: California cities fill top 10 foreclosure list, while Stockton headlines wit…
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Or buy a bike. As it is currently structured, however, it would be catastrophic for our economy. Who made it inconvenient? The bankers [credit card companies are just banks with a specialization, but all banks, not just those]. They li…
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Maybe if we started saving up for shit instead of buying everything on credit, we wouldn't care what credit rating agencies thought of us. Yes, I know they've made it inconvenient to live without debt and credit in today's world. I guess we shoul…
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No hard feelings at all. I had fun. Never knew of Godwin's law, so thanks for that.
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Eleua wrote: What happens when the country with the most powerful military in the world wants those resources? That's why the peso is still worth something, now, isn't it? This is the biggest-picture question of all. The simplest answer is …
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Eleua wrote: Even though we don't produce much, we still spend alot. It is that spending that keeps Asia's lights on at night. If we had a more balanced trade, it would be easier for Asia to shrug off a North American collapse. I think …
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The thing is, so long as the world reserve currency is maintained, it works to China's advantage. I mean, the Fed can rain money all over the U.S. consumer any time they want, and this is why we can consume like this, yes? Well, the Chinese ca…
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I bought some silver this weekend. I'm waiting for a capital crisis to take the metals down to bargain territory, but it's just hard to watch all this printing and not buy some. No sense keeping it in pesos.
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rose-colored-coolaid wrote: Yeah, Jazen...I think in essence DJO had theorized that these funds lost all the investment money. IE, if they were leveraged 10/1, they lost 10% of their value. That's enough to pay off the leverage, but not enough t…
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Sounds like some major overconfidence over there. The futures are up 88 points for the dow right now. I doubt those punks will be dislodging the financial elites of this world any time soon. More likely, they'll just get their cockey asses handed…
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Alan wrote: What does it mean for the Fed to be pumpng money into the market? Is that new created money? Do they buy stuff or just give it away? I really don't understand. Yeah, it means the Fed is directly buying securities which injects […
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Bianchi Volpe.
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No worries. When/if the sky does fall, we'll settle for whatever you have.
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Yeah, I guess it isn't quite that easy: the bank won't take gold directly (though the owner of the home might and then who needs a banker?), but I usually go to one of the serveral dealers in town and bring 1-3k at a time and leave with some gold an…
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I would choose goldmoney for electronic transactions, but I only own physical. James Turk has been around for some time and I only hear total straight talk from him in audio interviews or in his written pieces. What's your timeframe for buying go…
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I noticed that from July 19th's high tick around 14,121, the Dow has lost very nearly 1,000 points to today's close. So we're at 7% so far. How far do we go? Seems like we're not done with all the credit problems just barely peeking out from unde…
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Alan wrote: I think our 2nd amendment right is really more of a responsibility. The right to bear arms is a safety valve against governmental abuse. Citizens should be allowed to and know how to use weapons that are comparable to the weapons used …
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TJ_98370 wrote: I keep reading that "sophisticated" investors know the difference. If that's true, why are lawyers involved now claiming "misrepresentation"? Cause most of the people with "safe" retirement portfolios are invested in bonds, …
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Before watching Jubak, I had to listen to an ad by countrywide about why I should get a "no cost" cash-out refi today. Just came to point out that I think we're being too impatient here. Analogy of a ripple was a good one, but extend it out. The …
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Yup, I think we'll see some panic tomorrow. I hope y'all enjoyed dow 14,000. You probably won't see it again until Fed funds is back under 3% and the U.S. peso is seen for what it really is.
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Yeah, even if you did take IO loans to speculate with the down, taking a 10% hit on the house so you could take an 8% (and probably taxable!) gain on the cash invested is not going to be fun for them.
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I think a lot of neg. am. loans are made to aging boomers who don't have anyone to work out an inheritance for. If they are 60 now and they live there dirt cheap for 20 years and then die, who cares if they don't own it? If they owe twice the val…
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carlislematthew wrote: It is MUCH easier to have a transaction on a house where the price went up, than to have a transaction on that same house when the price goes down. Easier for WHOM? Ask someone who felt priced-out-forever and succumbe…
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finance wrote: WOW! It seems you pessimists are quite serious with your predictions, yet I wouldnt discount the American drive to get through situations and invent new ways around problems...we always have in the past! My studies lead me t…