Fed cuts .5% yet again…

[Anonymous]

That .75 cut is still going to be looked at as the biggest mistake he made. This cut was pretty much priced in the market already.

[kewp]

Haha, jokes on you for saving worthless US currency!

Also jokes on Asia and Saudia Arabia for buying all those worthless treasuries!

I wonder who the next joke is going to be on?

[kewp]

Haha, jokes on you for saving worthless US currency!

Also jokes on Asia and Saudia Arabia for buying all those worthless treasuries!

I wonder who the next joke is going to be on?

[kewp]

Haha, jokes on you for saving worthless US currency!

Also jokes on Asia and Saudia Arabia for buying all those worthless treasuries!

I wonder who the next joke is going to be on?

[kewp]

Haha, jokes on you for saving worthless US currency!

Also jokes on Asia and Saudia Arabia for buying all those worthless treasuries!

I wonder who the next joke is going to be on?

[kewp]

Haha, jokes on you for saving worthless US currency!

Also jokes on Asia and Saudia Arabia for buying all those worthless treasuries!

I wonder who the next joke is going to be on?

[kewp]

At what point do banks start to lose a significant % of deposits?

Did you see Mish’s latest report? Banks are already having to borrow from the Fed to keep their minimum reserves.

[kewp]

At what point do banks start to lose a significant % of deposits?

Did you see Mish’s latest report? Banks are already having to borrow from the Fed to keep their minimum reserves.

[kewp]

At what point do banks start to lose a significant % of deposits?

Did you see Mish’s latest report? Banks are already having to borrow from the Fed to keep their minimum reserves.

[kewp]

At what point do banks start to lose a significant % of deposits?

Did you see Mish’s latest report? Banks are already having to borrow from the Fed to keep their minimum reserves.

[kewp]

At what point do banks start to lose a significant % of deposits?

Did you see Mish’s latest report? Banks are already having to borrow from the Fed to keep their minimum reserves.

[Pasadena Broker]

Look in the mirror

I think we’re all in for a world of hurt. When I sit with family and friends, we inevitably end up talking about the economy and I have to tiptoe around the subject just so I don’t alarm them. Not because I’m on this site which I do lurk, but because my industry was in the front line and part of the problem. You’d be surprised with the disconnect I see day in and day out, the nice older lady that bought up north in Cameron Park for $650K with $300K down and an appraiser tells me that the house is worth $450 max, or the Option Armed couple in their late 50’s who have 3.5 years on the loan before it recasts, just a couple of examples.

For anyone to think this won’t affect you personally, is what I mean by disconnect. The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they’re well insulated. And to state that ‘Well, I’m ok.’ Unless you have billions and can afford to buy a part of Patagonia, you are part of this network.

[Pasadena Broker]

Look in the mirror

I think we’re all in for a world of hurt. When I sit with family and friends, we inevitably end up talking about the economy and I have to tiptoe around the subject just so I don’t alarm them. Not because I’m on this site which I do lurk, but because my industry was in the front line and part of the problem. You’d be surprised with the disconnect I see day in and day out, the nice older lady that bought up north in Cameron Park for $650K with $300K down and an appraiser tells me that the house is worth $450 max, or the Option Armed couple in their late 50’s who have 3.5 years on the loan before it recasts, just a couple of examples.

For anyone to think this won’t affect you personally, is what I mean by disconnect. The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they’re well insulated. And to state that ‘Well, I’m ok.’ Unless you have billions and can afford to buy a part of Patagonia, you are part of this network.

[Pasadena Broker]

Look in the mirror

I think we’re all in for a world of hurt. When I sit with family and friends, we inevitably end up talking about the economy and I have to tiptoe around the subject just so I don’t alarm them. Not because I’m on this site which I do lurk, but because my industry was in the front line and part of the problem. You’d be surprised with the disconnect I see day in and day out, the nice older lady that bought up north in Cameron Park for $650K with $300K down and an appraiser tells me that the house is worth $450 max, or the Option Armed couple in their late 50’s who have 3.5 years on the loan before it recasts, just a couple of examples.

For anyone to think this won’t affect you personally, is what I mean by disconnect. The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they’re well insulated. And to state that ‘Well, I’m ok.’ Unless you have billions and can afford to buy a part of Patagonia, you are part of this network.

[Pasadena Broker]

Look in the mirror

I think we’re all in for a world of hurt. When I sit with family and friends, we inevitably end up talking about the economy and I have to tiptoe around the subject just so I don’t alarm them. Not because I’m on this site which I do lurk, but because my industry was in the front line and part of the problem. You’d be surprised with the disconnect I see day in and day out, the nice older lady that bought up north in Cameron Park for $650K with $300K down and an appraiser tells me that the house is worth $450 max, or the Option Armed couple in their late 50’s who have 3.5 years on the loan before it recasts, just a couple of examples.

For anyone to think this won’t affect you personally, is what I mean by disconnect. The run up was exuberance and hubris, and downturn will be the same, but from a different group of people that feel they’re well insulated. And to state that ‘Well, I’m ok.’ Unless you have billions and can afford to buy a part of Patagonia, you are part of this network.

[Author]

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