Meredith Whitney Sees More Trouble for Housing

[patientrenter]

[quote=paramount]…I really am confused…

Stock market up up up up up….
Even discretionary items like boats and RV’s are priced high and never adjusted to the recession
….
Bidding wars on houses[/quote]

How did this happen? Cheap and easy govt money, pumped out in the form of FHA loans, bank loans supported by FDIC guarantees, PPIP subsidies etc…..

[paramount]

TG: From what I understand the seven sister’s wanted to keep the oil from Iraq off the market to maintain inventory levels.

http://en.wikipedia.org/wiki/Seven_Sisters_(oil_companies)

I think your right though it’s a matter of interpretation but also one’s personal circumstances. With all of the layoff’s occurring at my work it feels like the sky is falling at times.

And I’ve been hitting up Wal Mart since they opened the grocery section and it is cheaper than the other grocery chains; I’m just not sure what the longer term costs will be.

[paramount]

TG: From what I understand the seven sister’s wanted to keep the oil from Iraq off the market to maintain inventory levels.

http://en.wikipedia.org/wiki/Seven_Sisters_(oil_companies)

I think your right though it’s a matter of interpretation but also one’s personal circumstances. With all of the layoff’s occurring at my work it feels like the sky is falling at times.

And I’ve been hitting up Wal Mart since they opened the grocery section and it is cheaper than the other grocery chains; I’m just not sure what the longer term costs will be.

[paramount]

TG: From what I understand the seven sister’s wanted to keep the oil from Iraq off the market to maintain inventory levels.

http://en.wikipedia.org/wiki/Seven_Sisters_(oil_companies)

I think your right though it’s a matter of interpretation but also one’s personal circumstances. With all of the layoff’s occurring at my work it feels like the sky is falling at times.

And I’ve been hitting up Wal Mart since they opened the grocery section and it is cheaper than the other grocery chains; I’m just not sure what the longer term costs will be.

[paramount]

TG: From what I understand the seven sister’s wanted to keep the oil from Iraq off the market to maintain inventory levels.

http://en.wikipedia.org/wiki/Seven_Sisters_(oil_companies)

I think your right though it’s a matter of interpretation but also one’s personal circumstances. With all of the layoff’s occurring at my work it feels like the sky is falling at times.

And I’ve been hitting up Wal Mart since they opened the grocery section and it is cheaper than the other grocery chains; I’m just not sure what the longer term costs will be.

[paramount]

TG: From what I understand the seven sister’s wanted to keep the oil from Iraq off the market to maintain inventory levels.

http://en.wikipedia.org/wiki/Seven_Sisters_(oil_companies)

I think your right though it’s a matter of interpretation but also one’s personal circumstances. With all of the layoff’s occurring at my work it feels like the sky is falling at times.

And I’ve been hitting up Wal Mart since they opened the grocery section and it is cheaper than the other grocery chains; I’m just not sure what the longer term costs will be.

[smshorttimer]

Long-term costs as in good-paying union jobs lost because we all decided to buy our groceries at Super Walmart and Target Greatland?

Our grocery costs are definitely down; now maybe that’s partly due to our aggressive couponing, but there’s also been stories of grocery stores slashing prices on some items by 20 percent to 30 percent.

What about gas? A month ago or so I heard a report on the radio (KNX or KFI) that big oil had too much fuel on its hands and was paying to store it rather than flood the market. Eventually the companies would stop storing it and gas might hit around $2 again. I’m waiting.

[smshorttimer]

Long-term costs as in good-paying union jobs lost because we all decided to buy our groceries at Super Walmart and Target Greatland?

Our grocery costs are definitely down; now maybe that’s partly due to our aggressive couponing, but there’s also been stories of grocery stores slashing prices on some items by 20 percent to 30 percent.

What about gas? A month ago or so I heard a report on the radio (KNX or KFI) that big oil had too much fuel on its hands and was paying to store it rather than flood the market. Eventually the companies would stop storing it and gas might hit around $2 again. I’m waiting.

[smshorttimer]

Long-term costs as in good-paying union jobs lost because we all decided to buy our groceries at Super Walmart and Target Greatland?

Our grocery costs are definitely down; now maybe that’s partly due to our aggressive couponing, but there’s also been stories of grocery stores slashing prices on some items by 20 percent to 30 percent.

What about gas? A month ago or so I heard a report on the radio (KNX or KFI) that big oil had too much fuel on its hands and was paying to store it rather than flood the market. Eventually the companies would stop storing it and gas might hit around $2 again. I’m waiting.

[smshorttimer]

Long-term costs as in good-paying union jobs lost because we all decided to buy our groceries at Super Walmart and Target Greatland?

Our grocery costs are definitely down; now maybe that’s partly due to our aggressive couponing, but there’s also been stories of grocery stores slashing prices on some items by 20 percent to 30 percent.

What about gas? A month ago or so I heard a report on the radio (KNX or KFI) that big oil had too much fuel on its hands and was paying to store it rather than flood the market. Eventually the companies would stop storing it and gas might hit around $2 again. I’m waiting.

[smshorttimer]

Long-term costs as in good-paying union jobs lost because we all decided to buy our groceries at Super Walmart and Target Greatland?

Our grocery costs are definitely down; now maybe that’s partly due to our aggressive couponing, but there’s also been stories of grocery stores slashing prices on some items by 20 percent to 30 percent.

What about gas? A month ago or so I heard a report on the radio (KNX or KFI) that big oil had too much fuel on its hands and was paying to store it rather than flood the market. Eventually the companies would stop storing it and gas might hit around $2 again. I’m waiting.

[Allan from Fallbrook]

[quote=smshorttimer]Long-term costs as in good-paying union jobs lost because we all decided to buy our groceries at Super Walmart and Target Greatland?

Our grocery costs are definitely down; now maybe that’s partly due to our aggressive couponing, but there’s also been stories of grocery stores slashing prices on some items by 20 percent to 30 percent.

What about gas? A month ago or so I heard a report on the radio (KNX or KFI) that big oil had too much fuel on its hands and was paying to store it rather than flood the market. Eventually the companies would stop storing it and gas might hit around $2 again. I’m waiting.[/quote]

God, every time I hear someone whelping about union jobs, I want to retch. Seriously. Unions have done more to destroy the competitive backbone of this country than nearly any other force.

GM went to wrack and ruin because of the unions (and, yes, completely inept management).

[Allan from Fallbrook]

[quote=smshorttimer]Long-term costs as in good-paying union jobs lost because we all decided to buy our groceries at Super Walmart and Target Greatland?

Our grocery costs are definitely down; now maybe that’s partly due to our aggressive couponing, but there’s also been stories of grocery stores slashing prices on some items by 20 percent to 30 percent.

What about gas? A month ago or so I heard a report on the radio (KNX or KFI) that big oil had too much fuel on its hands and was paying to store it rather than flood the market. Eventually the companies would stop storing it and gas might hit around $2 again. I’m waiting.[/quote]

God, every time I hear someone whelping about union jobs, I want to retch. Seriously. Unions have done more to destroy the competitive backbone of this country than nearly any other force.

GM went to wrack and ruin because of the unions (and, yes, completely inept management).

[Allan from Fallbrook]

[quote=smshorttimer]Long-term costs as in good-paying union jobs lost because we all decided to buy our groceries at Super Walmart and Target Greatland?

Our grocery costs are definitely down; now maybe that’s partly due to our aggressive couponing, but there’s also been stories of grocery stores slashing prices on some items by 20 percent to 30 percent.

What about gas? A month ago or so I heard a report on the radio (KNX or KFI) that big oil had too much fuel on its hands and was paying to store it rather than flood the market. Eventually the companies would stop storing it and gas might hit around $2 again. I’m waiting.[/quote]

God, every time I hear someone whelping about union jobs, I want to retch. Seriously. Unions have done more to destroy the competitive backbone of this country than nearly any other force.

GM went to wrack and ruin because of the unions (and, yes, completely inept management).

[Allan from Fallbrook]

[quote=smshorttimer]Long-term costs as in good-paying union jobs lost because we all decided to buy our groceries at Super Walmart and Target Greatland?

Our grocery costs are definitely down; now maybe that’s partly due to our aggressive couponing, but there’s also been stories of grocery stores slashing prices on some items by 20 percent to 30 percent.

What about gas? A month ago or so I heard a report on the radio (KNX or KFI) that big oil had too much fuel on its hands and was paying to store it rather than flood the market. Eventually the companies would stop storing it and gas might hit around $2 again. I’m waiting.[/quote]

God, every time I hear someone whelping about union jobs, I want to retch. Seriously. Unions have done more to destroy the competitive backbone of this country than nearly any other force.

GM went to wrack and ruin because of the unions (and, yes, completely inept management).

[Author]

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