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barnaby33ParticipantMight went from 14 to 18 but I have a citibank AA miles card.
Josh
barnaby33ParticipantMight went from 14 to 18 but I have a citibank AA miles card.
Josh
February 21, 2008 at 11:22 AM in reply to: Are you looking to get in on the ground floor? Think again. #156980barnaby33ParticipantIt rests entirely on the presumption that thousands of non-piggs like your example from above (that could care less about all the charts and trending) do not exist in the world and won’t snag your dream house out from under you before it hits yours dream price.
Actually it rests on the assumption that they won’t be able, which is why prices fell in the first place. People would still love to buy, they just cannot afford it. So piggs are the people who saw this coming and saved accordingly. Sure there are non-piggs doing the same, but not a lot.
Josh
February 21, 2008 at 11:22 AM in reply to: Are you looking to get in on the ground floor? Think again. #157266barnaby33ParticipantIt rests entirely on the presumption that thousands of non-piggs like your example from above (that could care less about all the charts and trending) do not exist in the world and won’t snag your dream house out from under you before it hits yours dream price.
Actually it rests on the assumption that they won’t be able, which is why prices fell in the first place. People would still love to buy, they just cannot afford it. So piggs are the people who saw this coming and saved accordingly. Sure there are non-piggs doing the same, but not a lot.
Josh
February 21, 2008 at 11:22 AM in reply to: Are you looking to get in on the ground floor? Think again. #157283barnaby33ParticipantIt rests entirely on the presumption that thousands of non-piggs like your example from above (that could care less about all the charts and trending) do not exist in the world and won’t snag your dream house out from under you before it hits yours dream price.
Actually it rests on the assumption that they won’t be able, which is why prices fell in the first place. People would still love to buy, they just cannot afford it. So piggs are the people who saw this coming and saved accordingly. Sure there are non-piggs doing the same, but not a lot.
Josh
February 21, 2008 at 11:22 AM in reply to: Are you looking to get in on the ground floor? Think again. #157290barnaby33ParticipantIt rests entirely on the presumption that thousands of non-piggs like your example from above (that could care less about all the charts and trending) do not exist in the world and won’t snag your dream house out from under you before it hits yours dream price.
Actually it rests on the assumption that they won’t be able, which is why prices fell in the first place. People would still love to buy, they just cannot afford it. So piggs are the people who saw this coming and saved accordingly. Sure there are non-piggs doing the same, but not a lot.
Josh
February 21, 2008 at 11:22 AM in reply to: Are you looking to get in on the ground floor? Think again. #157359barnaby33ParticipantIt rests entirely on the presumption that thousands of non-piggs like your example from above (that could care less about all the charts and trending) do not exist in the world and won’t snag your dream house out from under you before it hits yours dream price.
Actually it rests on the assumption that they won’t be able, which is why prices fell in the first place. People would still love to buy, they just cannot afford it. So piggs are the people who saw this coming and saved accordingly. Sure there are non-piggs doing the same, but not a lot.
Josh
barnaby33Participantbsrsharma, steps 9-12 are already occurring.
Josh
barnaby33Participantbsrsharma, steps 9-12 are already occurring.
Josh
barnaby33Participantbsrsharma, steps 9-12 are already occurring.
Josh
barnaby33Participantbsrsharma, steps 9-12 are already occurring.
Josh
barnaby33Participantbsrsharma, steps 9-12 are already occurring.
Josh
barnaby33ParticipantDo I have to be a “saving bond trader” to think, or just to comment?
My guess based on copious amounts of reading is that the cost of debt is bottoming out right now. the FFR will go to zero and that still won’t stimulate things.
Congress will try one more major round of printing, ahem I mean inflating, to which the bond market will react very very negatively and that will be that. A negative reaction means that rates on treasuries will go up.
If in the very short term, say the next six months we have a trigger which sets off an extreme down movement in the stock market, you’ll see a lot of money flee to bonds, which will temporarily push down rates, but that won’t last if the treasury starts up the presses. Underlying the whole thesis is the idea that our govt is so borrowing dependent it will do nothing that negatively impacts its ability to borrow cheaply.
Josh
barnaby33ParticipantDo I have to be a “saving bond trader” to think, or just to comment?
My guess based on copious amounts of reading is that the cost of debt is bottoming out right now. the FFR will go to zero and that still won’t stimulate things.
Congress will try one more major round of printing, ahem I mean inflating, to which the bond market will react very very negatively and that will be that. A negative reaction means that rates on treasuries will go up.
If in the very short term, say the next six months we have a trigger which sets off an extreme down movement in the stock market, you’ll see a lot of money flee to bonds, which will temporarily push down rates, but that won’t last if the treasury starts up the presses. Underlying the whole thesis is the idea that our govt is so borrowing dependent it will do nothing that negatively impacts its ability to borrow cheaply.
Josh
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