[Allan from Fallbrook]

DaCounselor: I agree that trading and gambling are a helluva lot more fun than investing. Investing takes work!

When I handled that corporate portfolio, approx. 10% was for speculative investments, including CBOT-type stuff (futures, derivatives, etc). The point you make about having a hot streak (and/or a cold one) is very true. I went on a run trading futures (with Florida orange futures, of all things) that was amazing. I was up somewhere around 300% and started thinking I was some kind of financial genius when, as you say, the House asserted itself and promptly kicked my ass earthward again. Great lesson and one I refer to constantly when making financial decisions.

It’s amusing to listen to some self-described “expert” go on and on about gaming the system. The system will eventually eat your lunch, especially if you’re nothing more than a glorified dilettante day trader. And you’re absolutely right about that “entertainment expense”. It can often cost more than your entire portfolio.

[Allan from Fallbrook]

SDR: Peter’s probably just an angry Broncos fan. Angry that Cutler is Rivers’ bitch.

BTW, who are you rooting for now? I’m sorta kinda backing the Cards (because I like the story), but I think sdr is right and the Eggles are probably going to embarrass them at home.

Ravens? Steelers? Help me out here, man.

[Allan from Fallbrook]

SDR: Peter’s probably just an angry Broncos fan. Angry that Cutler is Rivers’ bitch.

BTW, who are you rooting for now? I’m sorta kinda backing the Cards (because I like the story), but I think sdr is right and the Eggles are probably going to embarrass them at home.

Ravens? Steelers? Help me out here, man.

[Allan from Fallbrook]

SDR: Peter’s probably just an angry Broncos fan. Angry that Cutler is Rivers’ bitch.

BTW, who are you rooting for now? I’m sorta kinda backing the Cards (because I like the story), but I think sdr is right and the Eggles are probably going to embarrass them at home.

Ravens? Steelers? Help me out here, man.

[Allan from Fallbrook]

SDR: Peter’s probably just an angry Broncos fan. Angry that Cutler is Rivers’ bitch.

BTW, who are you rooting for now? I’m sorta kinda backing the Cards (because I like the story), but I think sdr is right and the Eggles are probably going to embarrass them at home.

Ravens? Steelers? Help me out here, man.

[Allan from Fallbrook]

SDR: Peter’s probably just an angry Broncos fan. Angry that Cutler is Rivers’ bitch.

BTW, who are you rooting for now? I’m sorta kinda backing the Cards (because I like the story), but I think sdr is right and the Eggles are probably going to embarrass them at home.

Ravens? Steelers? Help me out here, man.

[Allan from Fallbrook]

Dave: So what’s the alternative? Do you think he’s going to tell the truth? Do you think the NAR is going to? The continuing antics of Lawrence Yun show that the NAR is committed to spreading their propaganda as far and wide as they can.

They disavowed Lereah, but are continuing to pay Yun to perform the same service, albeit on something of a reduced scale.

How big are the dunce caps for Greenspan, Bernanke, Paulson, Rubin et al going to be? Housing was simply one aspect of what will go down in history as the greatest fraud ever perpetuated on a society and it was done with the complete support of the US Government. While the focus of this blog is on housing and the housing bubble, the fact remains that none of what transpired would have been even remotely possible without the completely reckless monetary policy (and I hesitate to even use the word “policy” because it connotes some semblance of thought) of Alan Greenspan and the Fed.

What makes this even more outrageous are the two prime directives of the Fed: Protect the US dollar and the integrity of the system. Are you f**king kidding me? You couldn’t have done a worse job if you tried. Hell, maybe they did. Maybe the conspiracy theorists are right. Maybe it isn’t lunacy or idiocy at work here, maybe it’s sheer f**king genius.

[Allan from Fallbrook]

Dave: So what’s the alternative? Do you think he’s going to tell the truth? Do you think the NAR is going to? The continuing antics of Lawrence Yun show that the NAR is committed to spreading their propaganda as far and wide as they can.

They disavowed Lereah, but are continuing to pay Yun to perform the same service, albeit on something of a reduced scale.

How big are the dunce caps for Greenspan, Bernanke, Paulson, Rubin et al going to be? Housing was simply one aspect of what will go down in history as the greatest fraud ever perpetuated on a society and it was done with the complete support of the US Government. While the focus of this blog is on housing and the housing bubble, the fact remains that none of what transpired would have been even remotely possible without the completely reckless monetary policy (and I hesitate to even use the word “policy” because it connotes some semblance of thought) of Alan Greenspan and the Fed.

What makes this even more outrageous are the two prime directives of the Fed: Protect the US dollar and the integrity of the system. Are you f**king kidding me? You couldn’t have done a worse job if you tried. Hell, maybe they did. Maybe the conspiracy theorists are right. Maybe it isn’t lunacy or idiocy at work here, maybe it’s sheer f**king genius.

[Allan from Fallbrook]

Dave: So what’s the alternative? Do you think he’s going to tell the truth? Do you think the NAR is going to? The continuing antics of Lawrence Yun show that the NAR is committed to spreading their propaganda as far and wide as they can.

They disavowed Lereah, but are continuing to pay Yun to perform the same service, albeit on something of a reduced scale.

How big are the dunce caps for Greenspan, Bernanke, Paulson, Rubin et al going to be? Housing was simply one aspect of what will go down in history as the greatest fraud ever perpetuated on a society and it was done with the complete support of the US Government. While the focus of this blog is on housing and the housing bubble, the fact remains that none of what transpired would have been even remotely possible without the completely reckless monetary policy (and I hesitate to even use the word “policy” because it connotes some semblance of thought) of Alan Greenspan and the Fed.

What makes this even more outrageous are the two prime directives of the Fed: Protect the US dollar and the integrity of the system. Are you f**king kidding me? You couldn’t have done a worse job if you tried. Hell, maybe they did. Maybe the conspiracy theorists are right. Maybe it isn’t lunacy or idiocy at work here, maybe it’s sheer f**king genius.

[Allan from Fallbrook]

Dave: So what’s the alternative? Do you think he’s going to tell the truth? Do you think the NAR is going to? The continuing antics of Lawrence Yun show that the NAR is committed to spreading their propaganda as far and wide as they can.

They disavowed Lereah, but are continuing to pay Yun to perform the same service, albeit on something of a reduced scale.

How big are the dunce caps for Greenspan, Bernanke, Paulson, Rubin et al going to be? Housing was simply one aspect of what will go down in history as the greatest fraud ever perpetuated on a society and it was done with the complete support of the US Government. While the focus of this blog is on housing and the housing bubble, the fact remains that none of what transpired would have been even remotely possible without the completely reckless monetary policy (and I hesitate to even use the word “policy” because it connotes some semblance of thought) of Alan Greenspan and the Fed.

What makes this even more outrageous are the two prime directives of the Fed: Protect the US dollar and the integrity of the system. Are you f**king kidding me? You couldn’t have done a worse job if you tried. Hell, maybe they did. Maybe the conspiracy theorists are right. Maybe it isn’t lunacy or idiocy at work here, maybe it’s sheer f**king genius.

[Allan from Fallbrook]

Dave: So what’s the alternative? Do you think he’s going to tell the truth? Do you think the NAR is going to? The continuing antics of Lawrence Yun show that the NAR is committed to spreading their propaganda as far and wide as they can.

They disavowed Lereah, but are continuing to pay Yun to perform the same service, albeit on something of a reduced scale.

How big are the dunce caps for Greenspan, Bernanke, Paulson, Rubin et al going to be? Housing was simply one aspect of what will go down in history as the greatest fraud ever perpetuated on a society and it was done with the complete support of the US Government. While the focus of this blog is on housing and the housing bubble, the fact remains that none of what transpired would have been even remotely possible without the completely reckless monetary policy (and I hesitate to even use the word “policy” because it connotes some semblance of thought) of Alan Greenspan and the Fed.

What makes this even more outrageous are the two prime directives of the Fed: Protect the US dollar and the integrity of the system. Are you f**king kidding me? You couldn’t have done a worse job if you tried. Hell, maybe they did. Maybe the conspiracy theorists are right. Maybe it isn’t lunacy or idiocy at work here, maybe it’s sheer f**king genius.

[Allan from Fallbrook]

What was truly ironic about the article and perhaps unintentionally so was the NAR’s attempts to distance themselves from Lereah after the market tanked.

They hired him (in the “healthy six figures”) to shill for them and he did so for YEARS. Then, suddenly things go south and their attitude is almost “we had no idea what he was up to for all that time”. Puh-leeze. How sad and especially with Lawrence Yun picking up right where Lereah left off.

OC: Do you think he fully discloses his past association with NAR to his subscribers? I would think that would nuke him right there, at least in terms of objectivity.

[Allan from Fallbrook]

What was truly ironic about the article and perhaps unintentionally so was the NAR’s attempts to distance themselves from Lereah after the market tanked.

They hired him (in the “healthy six figures”) to shill for them and he did so for YEARS. Then, suddenly things go south and their attitude is almost “we had no idea what he was up to for all that time”. Puh-leeze. How sad and especially with Lawrence Yun picking up right where Lereah left off.

OC: Do you think he fully discloses his past association with NAR to his subscribers? I would think that would nuke him right there, at least in terms of objectivity.

[Allan from Fallbrook]

What was truly ironic about the article and perhaps unintentionally so was the NAR’s attempts to distance themselves from Lereah after the market tanked.

They hired him (in the “healthy six figures”) to shill for them and he did so for YEARS. Then, suddenly things go south and their attitude is almost “we had no idea what he was up to for all that time”. Puh-leeze. How sad and especially with Lawrence Yun picking up right where Lereah left off.

OC: Do you think he fully discloses his past association with NAR to his subscribers? I would think that would nuke him right there, at least in terms of objectivity.

[Allan from Fallbrook]

What was truly ironic about the article and perhaps unintentionally so was the NAR’s attempts to distance themselves from Lereah after the market tanked.

They hired him (in the “healthy six figures”) to shill for them and he did so for YEARS. Then, suddenly things go south and their attitude is almost “we had no idea what he was up to for all that time”. Puh-leeze. How sad and especially with Lawrence Yun picking up right where Lereah left off.

OC: Do you think he fully discloses his past association with NAR to his subscribers? I would think that would nuke him right there, at least in terms of objectivity.

[Author]

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