- This topic has 137 replies, 23 voices, and was last updated 15 years, 10 months ago by
latesummer2008.
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May 23, 2007 at 11:18 PM #54635May 23, 2007 at 11:18 PM #54648
Carlmichael
ParticipantHow do you think one should distribute/create the puts?
May 24, 2007 at 7:02 AM #54685latesummer2008
ParticipantLuchabee, You assume everyone is educated in this country. BIG MISTAKE. Most are not WELL educated. Not all have the same access to “Quality Education”. Perhaps that is intended in order to keep fleecing the masses. Ever think about that? Sure schools have problems, So why don’t tax payers demand audits? Maybe, if most of the country is uneducated, The TRANSFER OF WEALTH can continue as it has throughout history in this and every other country, since time began. Mortgage Mess is a Prime Example, that is going to bite this country in the ass..
Your arguments are terribly flawed and self serving for a priviledged few. Are you perhaps white, well educated, from a upper middle class family? Just a guess…
May 24, 2007 at 7:02 AM #54699ParticipantLuchabee, You assume everyone is educated in this country. BIG MISTAKE. Most are not WELL educated. Not all have the same access to “Quality Education”. Perhaps that is intended in order to keep fleecing the masses. Ever think about that? Sure schools have problems, So why don’t tax payers demand audits? Maybe, if most of the country is uneducated, The TRANSFER OF WEALTH can continue as it has throughout history in this and every other country, since time began. Mortgage Mess is a Prime Example, that is going to bite this country in the ass..
Your arguments are terribly flawed and self serving for a priviledged few. Are you perhaps white, well educated, from a upper middle class family? Just a guess…
May 24, 2007 at 10:36 AM #547454runner
Participant- Due dilligence was only a partial recommendation, however. The primary protection is proper asset allocation. All of these problems would be avoided if common people stopped trying to make tremendous gains on specific companies. Why create billions in new goverment, hamper these industries, drive jobs overseas, etc. when you could warn investors to stop being so stupid and placing half their retirement in Enron?
Proper asset allocation doesn’t solve the problem. In fact, it is a significant problem in public markets and worsens fraud.
Think about the alternatives: instead of having a thief steal large amounts from a limited number of people, all of whom are very interested in getting a piece of his hide, increased diversification (i.e., proper asset allocation) just means that the thief steals smaller amounts from a larger number of people. None of this large group really has any incentive to go after the thief, because the individual cost to them is so minimal.
Put another way, if you want to steal a million dollars, it is a heck of a lot easier to steal a dime from one billion people than to steal $500,000 from two.
May 24, 2007 at 10:36 AM #54759Participant- Due dilligence was only a partial recommendation, however. The primary protection is proper asset allocation. All of these problems would be avoided if common people stopped trying to make tremendous gains on specific companies. Why create billions in new goverment, hamper these industries, drive jobs overseas, etc. when you could warn investors to stop being so stupid and placing half their retirement in Enron?
Proper asset allocation doesn’t solve the problem. In fact, it is a significant problem in public markets and worsens fraud.
Think about the alternatives: instead of having a thief steal large amounts from a limited number of people, all of whom are very interested in getting a piece of his hide, increased diversification (i.e., proper asset allocation) just means that the thief steals smaller amounts from a larger number of people. None of this large group really has any incentive to go after the thief, because the individual cost to them is so minimal.
Put another way, if you want to steal a million dollars, it is a heck of a lot easier to steal a dime from one billion people than to steal $500,000 from two.
May 24, 2007 at 8:25 PM #54908ParticipantNAHB tried to paint a rosy picture today. 16.2% increase in SALES, MONTH to MONTH. But, -11.1% decline in the MEDIAN PRICE MONTH to MONTH also. Builders KNOW what lies ahead, and are undercutting the market. Can you imagine what the Existing Home Sales are going to look like? They don’t have the luxury of slashing prices. Who would buy a Used House when, you can buy a New One, heavily discounted?
NAR numbers will be ugly tomorrow after sifting through the spin.
May 24, 2007 at 8:25 PM #54923ParticipantNAHB tried to paint a rosy picture today. 16.2% increase in SALES, MONTH to MONTH. But, -11.1% decline in the MEDIAN PRICE MONTH to MONTH also. Builders KNOW what lies ahead, and are undercutting the market. Can you imagine what the Existing Home Sales are going to look like? They don’t have the luxury of slashing prices. Who would buy a Used House when, you can buy a New One, heavily discounted?
NAR numbers will be ugly tomorrow after sifting through the spin.
May 24, 2007 at 8:29 PM #54910luchabee
ParticipantWe already have tons of state laws against fraud and misrepresentation. Federal law, as well. It is common knowledge with most investors that they shouldn’t put all their eggs in one basket, but you still want to create levels and levels of government to protect these people, in turn driving business and jobs from this country and increasing state and federal taxes, as well?
Thankfully, most policy makers don’t share this view and most of countries competing with us internationally have embraced deregulation.
May 24, 2007 at 8:29 PM #54925ParticipantWe already have tons of state laws against fraud and misrepresentation. Federal law, as well. It is common knowledge with most investors that they shouldn’t put all their eggs in one basket, but you still want to create levels and levels of government to protect these people, in turn driving business and jobs from this country and increasing state and federal taxes, as well?
Thankfully, most policy makers don’t share this view and most of countries competing with us internationally have embraced deregulation.
May 25, 2007 at 6:30 AM #54946anxvariety
Participantbayparkwatcher,
How about sitting down with Rich, who runs this site.
http://www.pcasd.com/May 25, 2007 at 6:30 AM #54961Participantbayparkwatcher,
How about sitting down with Rich, who runs this site.
http://www.pcasd.com/May 26, 2007 at 12:18 PM #55129ParticipantSales of Existing Homes -2.6% Month to Month. Thats over 31% on an annual basis, by my calculations. And now, Builders are are slashing prices. -11.1% Month to Month on a new home. That doesn’t include incentives such as free upgrades or 20 – 30% cancellation rates…
This summer is shaping up to be very interesting..
May 26, 2007 at 12:18 PM #55146ParticipantSales of Existing Homes -2.6% Month to Month. Thats over 31% on an annual basis, by my calculations. And now, Builders are are slashing prices. -11.1% Month to Month on a new home. That doesn’t include incentives such as free upgrades or 20 – 30% cancellation rates…
This summer is shaping up to be very interesting..
May 28, 2007 at 9:02 AM #55264Participant60% Drop in SD & LA Possible… I found a website that give 3 possible scenarios based on Mortgage Debt, Interest Rates, and Appreciation Rates.
Very, Very Interesting….
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