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Coronita.
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August 18, 2007 at 12:14 PM #77654August 18, 2007 at 12:52 PM #77545
JWM in SD
ParticipantI don’t want financial armageddon either, but I sure as hell will not mourn when WS aholes are no longer getting 6 and 7 figure bonuses and then want the Fed to cut the interest rates. Screw them.
In case there is some confusion about where all this money has come from the past several years, I’d like anyone who read Chris’s post to go find a graph of M3 growth since 2000 and plot that against the rise in home prices in SoCal over the same periods. I suspect that you will find direct correlation.
I’ve lost money on my biotech long holdings in the past several weeks but I’ve made up for it by betting against the likes of CFC, Lend and AHM. Those companies need to be put out of existence because they were nothing but a scam to begin with. If you want to lay blame somewhere, why don’t you ask Angelo Mozillo about the >$500M worth of stock he has sold in the past year or so. Or how about Bob Toll?
Nobody is really cheering on the financial mess that has been made in the past 5 years. I’ve watched the value of not just my savings but my salary go down in the same period meanwhile I’m being called a fool because I could see that there was something seriously wrong with what happening.
Sorry Chris, but save your sanctimony for someone who gives a shit. I do not.
August 18, 2007 at 12:52 PM #77667ParticipantI don’t want financial armageddon either, but I sure as hell will not mourn when WS aholes are no longer getting 6 and 7 figure bonuses and then want the Fed to cut the interest rates. Screw them.
In case there is some confusion about where all this money has come from the past several years, I’d like anyone who read Chris’s post to go find a graph of M3 growth since 2000 and plot that against the rise in home prices in SoCal over the same periods. I suspect that you will find direct correlation.
I’ve lost money on my biotech long holdings in the past several weeks but I’ve made up for it by betting against the likes of CFC, Lend and AHM. Those companies need to be put out of existence because they were nothing but a scam to begin with. If you want to lay blame somewhere, why don’t you ask Angelo Mozillo about the >$500M worth of stock he has sold in the past year or so. Or how about Bob Toll?
Nobody is really cheering on the financial mess that has been made in the past 5 years. I’ve watched the value of not just my savings but my salary go down in the same period meanwhile I’m being called a fool because I could see that there was something seriously wrong with what happening.
Sorry Chris, but save your sanctimony for someone who gives a shit. I do not.
August 18, 2007 at 12:52 PM #77693ParticipantI don’t want financial armageddon either, but I sure as hell will not mourn when WS aholes are no longer getting 6 and 7 figure bonuses and then want the Fed to cut the interest rates. Screw them.
In case there is some confusion about where all this money has come from the past several years, I’d like anyone who read Chris’s post to go find a graph of M3 growth since 2000 and plot that against the rise in home prices in SoCal over the same periods. I suspect that you will find direct correlation.
I’ve lost money on my biotech long holdings in the past several weeks but I’ve made up for it by betting against the likes of CFC, Lend and AHM. Those companies need to be put out of existence because they were nothing but a scam to begin with. If you want to lay blame somewhere, why don’t you ask Angelo Mozillo about the >$500M worth of stock he has sold in the past year or so. Or how about Bob Toll?
Nobody is really cheering on the financial mess that has been made in the past 5 years. I’ve watched the value of not just my savings but my salary go down in the same period meanwhile I’m being called a fool because I could see that there was something seriously wrong with what happening.
Sorry Chris, but save your sanctimony for someone who gives a shit. I do not.
August 18, 2007 at 12:57 PM #77548lendingbubblecontinues
ParticipantBottom line, Chris, is that it is OUR turn to have the cocktail parties and laugh at the jealous, bitter, can’t-do-a-goddamn-thing-about-my-ARM, owners.
For some reason, you seem to want to get in the way of that…whatever.
August 18, 2007 at 12:57 PM #77670ParticipantBottom line, Chris, is that it is OUR turn to have the cocktail parties and laugh at the jealous, bitter, can’t-do-a-goddamn-thing-about-my-ARM, owners.
For some reason, you seem to want to get in the way of that…whatever.
August 18, 2007 at 12:57 PM #77696ParticipantBottom line, Chris, is that it is OUR turn to have the cocktail parties and laugh at the jealous, bitter, can’t-do-a-goddamn-thing-about-my-ARM, owners.
For some reason, you seem to want to get in the way of that…whatever.
August 18, 2007 at 1:16 PM #77557NeetaT
ParticipantI have a large chunk of cash sitting in an offshore bank account drawing relatively high interest. Speaking in a strictly mercenary sense, shouldn’t I want to see an economic melt down in the US so that prices will drop and I can afford more or am I missing something?
August 18, 2007 at 1:16 PM #77680ParticipantI have a large chunk of cash sitting in an offshore bank account drawing relatively high interest. Speaking in a strictly mercenary sense, shouldn’t I want to see an economic melt down in the US so that prices will drop and I can afford more or am I missing something?
August 18, 2007 at 1:16 PM #77705ParticipantI have a large chunk of cash sitting in an offshore bank account drawing relatively high interest. Speaking in a strictly mercenary sense, shouldn’t I want to see an economic melt down in the US so that prices will drop and I can afford more or am I missing something?
August 18, 2007 at 1:21 PM #77563Participant“I have a large chunk of cash sitting in an offshore bank account drawing relatively high interest. Speaking in a strictly mercenary sense, shouldn’t I want to see an economic melt down in the US so that prices will drop and I can afford more or am I missing something?”
No, you shouldn’t feel bad about that. Might I ask, is it EverBank?? Which currency (s)?
August 18, 2007 at 1:21 PM #77686Participant“I have a large chunk of cash sitting in an offshore bank account drawing relatively high interest. Speaking in a strictly mercenary sense, shouldn’t I want to see an economic melt down in the US so that prices will drop and I can afford more or am I missing something?”
No, you shouldn’t feel bad about that. Might I ask, is it EverBank?? Which currency (s)?
August 18, 2007 at 1:21 PM #77711Participant“I have a large chunk of cash sitting in an offshore bank account drawing relatively high interest. Speaking in a strictly mercenary sense, shouldn’t I want to see an economic melt down in the US so that prices will drop and I can afford more or am I missing something?”
No, you shouldn’t feel bad about that. Might I ask, is it EverBank?? Which currency (s)?
August 18, 2007 at 1:41 PM #77581NotCranky
Participant“We bulls”? LOL I know it was an accident but it was funny. Maybe “universal” doesn’t exactly describe it. I know the minority didn’t get us in this mess.
As a realtor who chose to get on the sidelines instead of maintaining a “unbiased” view,during the mania, for my own self interest I am going to feel some righteous vindication faced with an undoing of the house of cards. I will celebrate when I can sell a house(or recommend going long on america)with a clean conscience and that day ,however slowly, could be coming.
I don’t think of the tanking of our economy as threatening. I think it proves we were not doing things right.We will suffer to the extent that our values are out of whack. I value honesty and fair dealings above wealth so I am in the “bring it on” camp.
Although I would be glad to be wrong, I don’t think Chris’ notions are completely unaffected by his positions related to the market(S). If it is true than he is the one with the bias and he starts to look self serving/defensive.
I also don’t think he stays out of the “I told you so mode” when things go his way.
That said,
Best wishes to allAugust 18, 2007 at 1:41 PM #77704Participant“We bulls”? LOL I know it was an accident but it was funny. Maybe “universal” doesn’t exactly describe it. I know the minority didn’t get us in this mess.
As a realtor who chose to get on the sidelines instead of maintaining a “unbiased” view,during the mania, for my own self interest I am going to feel some righteous vindication faced with an undoing of the house of cards. I will celebrate when I can sell a house(or recommend going long on america)with a clean conscience and that day ,however slowly, could be coming.
I don’t think of the tanking of our economy as threatening. I think it proves we were not doing things right.We will suffer to the extent that our values are out of whack. I value honesty and fair dealings above wealth so I am in the “bring it on” camp.
Although I would be glad to be wrong, I don’t think Chris’ notions are completely unaffected by his positions related to the market(S). If it is true than he is the one with the bias and he starts to look self serving/defensive.
I also don’t think he stays out of the “I told you so mode” when things go his way.
That said,
Best wishes to all -
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