[bsrsharma]

I think a lot of the upsurge in Emerging market prices is due to Globalization. All those exported goods & services are generating cash flows and increasing wages & purchasing power. That may get slightly negatively impacted by US recession, but not much. After the last recession, US businesses increased outsourcing and I expect same thing this time. In fact, if there is a severe recession, I think the Big three Autos may entirely move the production offshore (like consumer electronics or textiles). That has to increase valuations of emerging market assets.

[bsrsharma]

I think a lot of the upsurge in Emerging market prices is due to Globalization. All those exported goods & services are generating cash flows and increasing wages & purchasing power. That may get slightly negatively impacted by US recession, but not much. After the last recession, US businesses increased outsourcing and I expect same thing this time. In fact, if there is a severe recession, I think the Big three Autos may entirely move the production offshore (like consumer electronics or textiles). That has to increase valuations of emerging market assets.

[bsrsharma]

When It Takes a Miracle

Owners, Realtors Bury Statues of St. Joseph to Attract Buyers; Don’t Forget to Dig Him Up

Cari Luna is Jewish by heritage and Buddhist by religion. She meditates regularly. Yet when she and her husband put their Brooklyn, N.Y., house on the market this year and offers kept falling through, Ms. Luna turned to an unlikely source for help: St. Joseph.

The Catholic saint has long been believed to help with home-related matters. And according to lore now spreading on the Internet and among desperate home-sellers, burying St. Joseph in the yard of a home for sale promises a prompt bid. After Ms. Luna and her husband held five open houses, even baking cookies for one of them, she ordered a St. Joseph “real estate kit” online and buried the three-inch white statue in her yard

“I wasn’t sure if it would be disrespectful for me, a Jewish Buddhist, to co-opt this saint for my real-estate purposes,” says Ms. Luna, a writer. She figured, “Well, could it hurt?”

With the worst housing market in recent years, St. Joseph is enjoying a flurry of attention. Some vendors of religious supplies say St. Joseph statues are flying off the shelves as an increasing number of skeptics and non-Catholics look for some saintly intervention to help them sell their houses.

Some Realtors, too, swear by the practice. Ardell DellaLoggia, a Seattle-area Realtor, buried a statue beneath the “For Sale” sign on a property that she thought was overpriced. She didn’t tell the owner until after it had sold. “He was an atheist,” she explains. “But he thanked me.”

Existing-home sales fell 8% in September to a seasonally adjusted annual rate of 5.04 million units, the lowest level in nearly 10 years, according to the National Association of Realtors.

Statues of St. Joseph sold online can be as tall as 12 inches. One, made of colored resin, portrays St. Joseph cradling the baby Jesus. Yet most home sellers favor the simpler three- or four- inch replicas — most of which are made in China and often depict St. Joseph as a carpenter.

St. Joseph home sale kit

Most statues come in a “Home Sale Kit” that is priced at around $5 and includes burial instructions and a prayer. One site, Good Fortune Online, recently added another kit with a statue of St. Jude — known as the patron saint of hopeless causes — “to help those with a difficult property to sell,” the site says. Another site, Stjosephstatue.com, takes orders for its “Underground Real Estate Agent Kits” at 1-888-BURY-JOE………

http://finance.yahoo.com/banking-budgeting/article/103807/When-It-Takes-a-Miracle?mod=weekend

[bsrsharma]

When It Takes a Miracle

Owners, Realtors Bury Statues of St. Joseph to Attract Buyers; Don’t Forget to Dig Him Up

Cari Luna is Jewish by heritage and Buddhist by religion. She meditates regularly. Yet when she and her husband put their Brooklyn, N.Y., house on the market this year and offers kept falling through, Ms. Luna turned to an unlikely source for help: St. Joseph.

The Catholic saint has long been believed to help with home-related matters. And according to lore now spreading on the Internet and among desperate home-sellers, burying St. Joseph in the yard of a home for sale promises a prompt bid. After Ms. Luna and her husband held five open houses, even baking cookies for one of them, she ordered a St. Joseph “real estate kit” online and buried the three-inch white statue in her yard

“I wasn’t sure if it would be disrespectful for me, a Jewish Buddhist, to co-opt this saint for my real-estate purposes,” says Ms. Luna, a writer. She figured, “Well, could it hurt?”

With the worst housing market in recent years, St. Joseph is enjoying a flurry of attention. Some vendors of religious supplies say St. Joseph statues are flying off the shelves as an increasing number of skeptics and non-Catholics look for some saintly intervention to help them sell their houses.

Some Realtors, too, swear by the practice. Ardell DellaLoggia, a Seattle-area Realtor, buried a statue beneath the “For Sale” sign on a property that she thought was overpriced. She didn’t tell the owner until after it had sold. “He was an atheist,” she explains. “But he thanked me.”

Existing-home sales fell 8% in September to a seasonally adjusted annual rate of 5.04 million units, the lowest level in nearly 10 years, according to the National Association of Realtors.

Statues of St. Joseph sold online can be as tall as 12 inches. One, made of colored resin, portrays St. Joseph cradling the baby Jesus. Yet most home sellers favor the simpler three- or four- inch replicas — most of which are made in China and often depict St. Joseph as a carpenter.

St. Joseph home sale kit

Most statues come in a “Home Sale Kit” that is priced at around $5 and includes burial instructions and a prayer. One site, Good Fortune Online, recently added another kit with a statue of St. Jude — known as the patron saint of hopeless causes — “to help those with a difficult property to sell,” the site says. Another site, Stjosephstatue.com, takes orders for its “Underground Real Estate Agent Kits” at 1-888-BURY-JOE………

http://finance.yahoo.com/banking-budgeting/article/103807/When-It-Takes-a-Miracle?mod=weekend

[bsrsharma]

When It Takes a Miracle

Owners, Realtors Bury Statues of St. Joseph to Attract Buyers; Don’t Forget to Dig Him Up

Cari Luna is Jewish by heritage and Buddhist by religion. She meditates regularly. Yet when she and her husband put their Brooklyn, N.Y., house on the market this year and offers kept falling through, Ms. Luna turned to an unlikely source for help: St. Joseph.

The Catholic saint has long been believed to help with home-related matters. And according to lore now spreading on the Internet and among desperate home-sellers, burying St. Joseph in the yard of a home for sale promises a prompt bid. After Ms. Luna and her husband held five open houses, even baking cookies for one of them, she ordered a St. Joseph “real estate kit” online and buried the three-inch white statue in her yard

“I wasn’t sure if it would be disrespectful for me, a Jewish Buddhist, to co-opt this saint for my real-estate purposes,” says Ms. Luna, a writer. She figured, “Well, could it hurt?”

With the worst housing market in recent years, St. Joseph is enjoying a flurry of attention. Some vendors of religious supplies say St. Joseph statues are flying off the shelves as an increasing number of skeptics and non-Catholics look for some saintly intervention to help them sell their houses.

Some Realtors, too, swear by the practice. Ardell DellaLoggia, a Seattle-area Realtor, buried a statue beneath the “For Sale” sign on a property that she thought was overpriced. She didn’t tell the owner until after it had sold. “He was an atheist,” she explains. “But he thanked me.”

Existing-home sales fell 8% in September to a seasonally adjusted annual rate of 5.04 million units, the lowest level in nearly 10 years, according to the National Association of Realtors.

Statues of St. Joseph sold online can be as tall as 12 inches. One, made of colored resin, portrays St. Joseph cradling the baby Jesus. Yet most home sellers favor the simpler three- or four- inch replicas — most of which are made in China and often depict St. Joseph as a carpenter.

St. Joseph home sale kit

Most statues come in a “Home Sale Kit” that is priced at around $5 and includes burial instructions and a prayer. One site, Good Fortune Online, recently added another kit with a statue of St. Jude — known as the patron saint of hopeless causes — “to help those with a difficult property to sell,” the site says. Another site, Stjosephstatue.com, takes orders for its “Underground Real Estate Agent Kits” at 1-888-BURY-JOE………

http://finance.yahoo.com/banking-budgeting/article/103807/When-It-Takes-a-Miracle?mod=weekend

[bsrsharma]

When It Takes a Miracle

Owners, Realtors Bury Statues of St. Joseph to Attract Buyers; Don’t Forget to Dig Him Up

Cari Luna is Jewish by heritage and Buddhist by religion. She meditates regularly. Yet when she and her husband put their Brooklyn, N.Y., house on the market this year and offers kept falling through, Ms. Luna turned to an unlikely source for help: St. Joseph.

The Catholic saint has long been believed to help with home-related matters. And according to lore now spreading on the Internet and among desperate home-sellers, burying St. Joseph in the yard of a home for sale promises a prompt bid. After Ms. Luna and her husband held five open houses, even baking cookies for one of them, she ordered a St. Joseph “real estate kit” online and buried the three-inch white statue in her yard

“I wasn’t sure if it would be disrespectful for me, a Jewish Buddhist, to co-opt this saint for my real-estate purposes,” says Ms. Luna, a writer. She figured, “Well, could it hurt?”

With the worst housing market in recent years, St. Joseph is enjoying a flurry of attention. Some vendors of religious supplies say St. Joseph statues are flying off the shelves as an increasing number of skeptics and non-Catholics look for some saintly intervention to help them sell their houses.

Some Realtors, too, swear by the practice. Ardell DellaLoggia, a Seattle-area Realtor, buried a statue beneath the “For Sale” sign on a property that she thought was overpriced. She didn’t tell the owner until after it had sold. “He was an atheist,” she explains. “But he thanked me.”

Existing-home sales fell 8% in September to a seasonally adjusted annual rate of 5.04 million units, the lowest level in nearly 10 years, according to the National Association of Realtors.

Statues of St. Joseph sold online can be as tall as 12 inches. One, made of colored resin, portrays St. Joseph cradling the baby Jesus. Yet most home sellers favor the simpler three- or four- inch replicas — most of which are made in China and often depict St. Joseph as a carpenter.

St. Joseph home sale kit

Most statues come in a “Home Sale Kit” that is priced at around $5 and includes burial instructions and a prayer. One site, Good Fortune Online, recently added another kit with a statue of St. Jude — known as the patron saint of hopeless causes — “to help those with a difficult property to sell,” the site says. Another site, Stjosephstatue.com, takes orders for its “Underground Real Estate Agent Kits” at 1-888-BURY-JOE………

http://finance.yahoo.com/banking-budgeting/article/103807/When-It-Takes-a-Miracle?mod=weekend

[bsrsharma]

It is a good deal when Escondido prices come to Poway (and Temecula prices to Escondido)

[bsrsharma]

It is a good deal when Escondido prices come to Poway (and Temecula prices to Escondido)

[bsrsharma]

It is a good deal when Escondido prices come to Poway (and Temecula prices to Escondido)

[bsrsharma]

It is a good deal when Escondido prices come to Poway (and Temecula prices to Escondido)

[bsrsharma]

trying to keep the house instead of just walking away from it and making it someone else's problem?

djrobsd – one thing I strongly suggest is please don't cast this in a morality play mold. This is a financial crisis and you should try to do what makes best sense for you financially. If the best financial decision for you is to walk away, you should do it rather than suffer involuntary servitude for the next 30 years.

[bsrsharma]

trying to keep the house instead of just walking away from it and making it someone else's problem?

djrobsd – one thing I strongly suggest is please don't cast this in a morality play mold. This is a financial crisis and you should try to do what makes best sense for you financially. If the best financial decision for you is to walk away, you should do it rather than suffer involuntary servitude for the next 30 years.

[bsrsharma]

trying to keep the house instead of just walking away from it and making it someone else's problem?

djrobsd – one thing I strongly suggest is please don't cast this in a morality play mold. This is a financial crisis and you should try to do what makes best sense for you financially. If the best financial decision for you is to walk away, you should do it rather than suffer involuntary servitude for the next 30 years.

[bsrsharma]

trying to keep the house instead of just walking away from it and making it someone else's problem?

djrobsd – one thing I strongly suggest is please don't cast this in a morality play mold. This is a financial crisis and you should try to do what makes best sense for you financially. If the best financial decision for you is to walk away, you should do it rather than suffer involuntary servitude for the next 30 years.

[bsrsharma]

You should read about “repo”s (Repurchase agreements) in those links.

See also, http://en.wikipedia.org/wiki/Repurchase_agreement

In theory, the Fed can take any paper you have, including a used bus ticket, and “loan” you money for as long as they want, at whatever interest rate they want, including zero. This is the basis of the concept of fiat paper money i.e. there is no Reserve in “Federal Reserve”.

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