San Diego Housing Bubble News and Analysis

By the way, FT or Financial Times is the premier European Financial newspaper, probably on par with the Wall Steet Journal. You may have seen its trademark pink paper with wide format in the newsstands. It has wide distribution worldwide.

I was traveling in Asia last week. This whole crisis is getting lots of press out there. We are in for a rough ride because many of those overseas investors have lost confidence in US markets.

This is what makes me laugh when everyone says "the hedgies are going to get killed" There is a winner and loser in every trade, and these days there are probably more hedge funds winning bets against housing than there are hedge funds that are losing in housing. Yes, some will go down in flames, but plenty are getting richer than ever.

If anything kills the big hedge fund industry we have today, it would be if banks stopped lending them tons of money to make their bets. If hedge funds can't leverage their bets 5x or 10x, their returns may start looking much more average, and their huge management fees would not be worth it.

Gonna see alot of Hedge funds go under in 2009

The Madoff scandal will only further accelerate the loss in confidence

http://www.bloomberg.com/apps/news?pid=2...

Bubblesitter

Eclectica's doing pretty well as is that Greek guy in NY that shorts about everything. They're not all idiots. But a lot are....

If anything kills the big hedge fund industry we have today, it would be if banks stopped lending them tons of money to make their bets.

They don't need banks to loan them money anymore, they can get it directly from the US treasury with bailout after bailout. And Congress was SHOCKED when they refused to disclose where the money went.

Ever get the feeling you've been had?

By the way, FT or Financial Times is the premier European Financial newspaper.

In the opinion of my wife, a ridiculous quantity of unique daily newspapers land on our door stoop each morning, and FT is one of my favorites. I figure the more financial news / financial analysis articles I can cram into my brain each day, it puts me one step ahead of the rest of the sheeple.

I think FT is a GREAT financial newspaper, and the print edition also quite inexpensive, given they are running $100/year specials. FT is a good European-focused counterpoint to the USA-focused WSJ.

Starting this week, I'm going to also try IBD for a month for free on special. The problem with IBD is the standard price is about $350/year, and that paper is also so over-focused on technical analysis.

I dumped Barron's. I swear the last two years nearly every financial article in that rag has been moronic in its prediction/logic.

It is unfortunate so many Americans have stopped reading the print newspapers; across the country we have so many great newspapers going under.

Yet America's great newspapers are so eager for readers that you can order (on special) some of them for as little as $100 to $150 PER YEAR. So it is costing like $0.25/day to have a great newspaper delivered to your door. That's quite an incredible bargain.

Even better: if you can pass yourself off as a student or teacher, then the daily newspaper gets even even less expensive.

So sad that the shift to web news will one day kill off all the remaining daily print newspapers.

I spend a lot each year on newspapers, certainly over $700...and I get every cent back in spades in my retirement portfolio gains.

Oh, and regarding hedge funds, Roubini predicts that by the end of this economic meltdown we are now in, most hedge funds will have been shut down due to massive redemptions.