General info blog

[Peace]

I found this blog, and although much of the info is stuff we on Piggington’s already know, it’s got some good points:

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http://www.oftwominds.com/blog.html

[Peace]

for some reason the quote I wanted to include from the above blog didn’t print.
Quote:
Let me state what I believe is the fundamental reality of this gross regulatory mismanagement: consumers are only protected from predatory practises when the situation grows from a regulatory problem into a political problem. I think this sudden rush of regs to limit the worst lending practises is a 9th-inning attempt to “inoculate” the regulatory agencies from the fully justified accusation that they did nothing while the U.S. lending industry ran amok. The inoculation will fail as rock-ribbed Republican voters start getting foreclosure notices, gigantic ARM re-sets, higher property taxes bills, etc.

[lindismith]

Great prose. Interesting guy.

One other good tidbit on the comparasion between the tech bubble and the RE bubble:
“Isn’t this reminiscent of the general optimism which reigned in the post-bubble decline of the Nasdaq in 2000-2001?
As a trader/shareholder in a number of tech and Internet stocks, I recall with painful clarity how analysts of all stripes–and not just the known hacks and hypsters–predicted that the “bottom was in” around August 2000–two full years before the decline from 4,000 hit actual bottom at 1,100 in October 2002.”

We’re in for a long, bumpy ride.

[Author]

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