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KIBU, you’re right that the government will attempt to keep rates low — however remember that the deficit is huge and unsustainable without borrowing from overseas. If the buyers start shifting from US treasuries, the US will go bankrupt. It’s that simple, and the government would much rather we little people go bankrupt in our overpriced McMansions than the government, which might actually have to curtail spending for once. So while they’re going to attempt to do what you say, Japan and China hold the reins in this scenario and we’ll follow wherever they lead us.

I agree that the dollar losing its reserve status is far-fetched, but I also think that double-digit interest rates are a possibility within the next few years.

[blahblahblah]

KIBU, you’re right that the government will attempt to keep rates low — however remember that the deficit is huge and unsustainable without borrowing from overseas. If the buyers start shifting from US treasuries, the US will go bankrupt. It’s that simple, and the government would much rather we little people go bankrupt in our overpriced McMansions than the government, which might actually have to curtail spending for once. So while they’re going to attempt to do what you say, Japan and China hold the reins in this scenario and we’ll follow wherever they lead us.

I agree that the dollar losing its reserve status is far-fetched, but I also think that double-digit interest rates are a possibility within the next few years.

[blahblahblah]

JWM is right, MBS purchases have a clause where they can force the brokers to buy them back if foreclosures reach a certain threshold, and that’s what’s been sending the brokers under.

[blahblahblah]

JWM is right, MBS purchases have a clause where they can force the brokers to buy them back if foreclosures reach a certain threshold, and that’s what’s been sending the brokers under.

[blahblahblah]

Hahaha, that’s true but the kid’s actually pretty clever. Watch the show and you’ll see. If I remember correctly though, he worked that magic during the dot-com days so he obviously had it a bit easier back then.

[blahblahblah]

Hahaha, that’s true but the kid’s actually pretty clever. Watch the show and you’ll see. If I remember correctly though, he worked that magic during the dot-com days so he obviously had it a bit easier back then.

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How does a 25 year old get to manage a hedge fund?

Simple. Just turn your $12K in Bar Mitzvah money into $1.65M. That sort of success gets noticed…

[blahblahblah]

How does a 25 year old get to manage a hedge fund?

Simple. Just turn your $12K in Bar Mitzvah money into $1.65M. That sort of success gets noticed…

[blahblahblah]

I feel that the most important point that Thornberg made is that we need more apartments in Southern California. That will solve the housing crisis.

We need to get the REITs in here and give them the incentives to build quality low-rent apartment complexes for the service workers and lower-paid workforce.

Maybe some of these empty condos downtown would make good apartments once the properties go to auction.

Back to the videos, this prof is great and watching him makes me nostalgic for economics classes back in college. It is awesome to see an inspiring teacher who obviously takes great pride and interest in a topic — his students are lucky.

[blahblahblah]

I feel that the most important point that Thornberg made is that we need more apartments in Southern California. That will solve the housing crisis.

We need to get the REITs in here and give them the incentives to build quality low-rent apartment complexes for the service workers and lower-paid workforce.

Maybe some of these empty condos downtown would make good apartments once the properties go to auction.

Back to the videos, this prof is great and watching him makes me nostalgic for economics classes back in college. It is awesome to see an inspiring teacher who obviously takes great pride and interest in a topic — his students are lucky.

[blahblahblah]

Anyone considering quitting their job to become a day trader needs to watch a few episodes of Wall Street Warriors and have a look at who’ll you be up against. For example, the 25 year old in Manhattan who’s managing a multi-million dollar hedge fund; he watches news and stocks all day, waiting for the small fry to come in and place their bets the way he knows they will — Bad news? They’re gonna short, so he drives the price up using volume. Good news? They’re gonna go long, so he drives the price down, again using volume. When they panic, he chews ’em up and spits ’em out. And this is the 25 year old just starting out. Anyway, you get the idea. I know I’ve learned my lesson (multiple times, actually). Your mileage may vary…

[blahblahblah]

Anyone considering quitting their job to become a day trader needs to watch a few episodes of Wall Street Warriors and have a look at who’ll you be up against. For example, the 25 year old in Manhattan who’s managing a multi-million dollar hedge fund; he watches news and stocks all day, waiting for the small fry to come in and place their bets the way he knows they will — Bad news? They’re gonna short, so he drives the price up using volume. Good news? They’re gonna go long, so he drives the price down, again using volume. When they panic, he chews ’em up and spits ’em out. And this is the 25 year old just starting out. Anyway, you get the idea. I know I’ve learned my lesson (multiple times, actually). Your mileage may vary…

[blahblahblah]

Sorry, I’m a Unix guy. Proudly produced in New Jersey and California. By American’s (I’ve met most of them in fact!).

Hahaha. Are you using UNIX on an old PDP/11 or are you running Linux on your PC? Let’s take a close look at Linux, shall we?

Kernel: From Finland
GNOME: From Mexico
KDE: From Germany
Device Drivers: From all over the world
Toolchain: GNU (mostly US but contributions from all over)

etc… etc… etc…

UNIX was a great system and it is still has a big impact on the world but it doesn’t belong to CA and NJ anymore than the internet does. The rest of the world has taken the ball and they are sprinting down the field while we’re all busy giving each other high-fives for inventing this s**t 30 FREAKING YEARS AGO.

Americans are gonna be like those old Brits you see drinking themselves to death in the pubs, talking about how great their empire used to be.

[blahblahblah]

Sorry, I’m a Unix guy. Proudly produced in New Jersey and California. By American’s (I’ve met most of them in fact!).

Hahaha. Are you using UNIX on an old PDP/11 or are you running Linux on your PC? Let’s take a close look at Linux, shall we?

Kernel: From Finland
GNOME: From Mexico
KDE: From Germany
Device Drivers: From all over the world
Toolchain: GNU (mostly US but contributions from all over)

etc… etc… etc…

UNIX was a great system and it is still has a big impact on the world but it doesn’t belong to CA and NJ anymore than the internet does. The rest of the world has taken the ball and they are sprinting down the field while we’re all busy giving each other high-fives for inventing this s**t 30 FREAKING YEARS AGO.

Americans are gonna be like those old Brits you see drinking themselves to death in the pubs, talking about how great their empire used to be.

[blahblahblah]

That info from the realtors is very telling — basically there are few if any first time homebuyers using savings at all. Almost everyone has cash from a previous sale or another source; and it sounds like many are quite well-to-do. Based on this, I’ll estimate that things are going to deflate really slowly in the nicer neighborhoods. There will always be this sort of buyer that has a lot of cash from prior investments, inheritances, what have you. As they move around, trade up/down, they’ll be losing a little of their nest egg every time as the houses depreciate slightly year to year. There are probably enough of these sort of folks to buy a lot of the inventory in the good areas, but without first time homebuyers entering the market on the lower end, they’re not going to keep rising.

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