Forum Replies Created
-
AuthorPosts
-
bubba99
Participant“I’ve come to find you are all the same. Numbers oriented, mostly bitter, engineers.”
I always thought this was Piggington’s strength. People who understood finance, and understood that there was going to be an adjustment. Granted we were all wrong on timing and the “stickyness” of housing prices, but we did see the comming decline in prices as early as 2005 – some earlier.
Although we have re-hashed a lot of the mortgage meltdown “Numbers”, I would still like to see more on the real economy vs. the reported numbers, and more on the upcomming melt down in credit card debt. You know a numbers oriented analysis by some of our bitter engineers.
Participant“I’ve come to find you are all the same. Numbers oriented, mostly bitter, engineers.”
I always thought this was Piggington’s strength. People who understood finance, and understood that there was going to be an adjustment. Granted we were all wrong on timing and the “stickyness” of housing prices, but we did see the comming decline in prices as early as 2005 – some earlier.
Although we have re-hashed a lot of the mortgage meltdown “Numbers”, I would still like to see more on the real economy vs. the reported numbers, and more on the upcomming melt down in credit card debt. You know a numbers oriented analysis by some of our bitter engineers.
ParticipantThe comments about global markets managers starting to get concerned should be taken with a grain of salt. These would be the same clueless individuals who did not do due diligence on the crap they bought or guaranteed as CDO’s and worse SIV’s
They were not bright enough to see that if the assets underlying a derivative were worthless, so was the derivative. It is hard for me to believe that suddenly they get the picture when it has been obvious to the rest of us since 2004.
If it is true that they suddenly “understand” maybe the worst is over. They have been wrong about everything else.
ParticipantThe comments about global markets managers starting to get concerned should be taken with a grain of salt. These would be the same clueless individuals who did not do due diligence on the crap they bought or guaranteed as CDO’s and worse SIV’s
They were not bright enough to see that if the assets underlying a derivative were worthless, so was the derivative. It is hard for me to believe that suddenly they get the picture when it has been obvious to the rest of us since 2004.
If it is true that they suddenly “understand” maybe the worst is over. They have been wrong about everything else.
ParticipantThe comments about global markets managers starting to get concerned should be taken with a grain of salt. These would be the same clueless individuals who did not do due diligence on the crap they bought or guaranteed as CDO’s and worse SIV’s
They were not bright enough to see that if the assets underlying a derivative were worthless, so was the derivative. It is hard for me to believe that suddenly they get the picture when it has been obvious to the rest of us since 2004.
If it is true that they suddenly “understand” maybe the worst is over. They have been wrong about everything else.
ParticipantThe comments about global markets managers starting to get concerned should be taken with a grain of salt. These would be the same clueless individuals who did not do due diligence on the crap they bought or guaranteed as CDO’s and worse SIV’s
They were not bright enough to see that if the assets underlying a derivative were worthless, so was the derivative. It is hard for me to believe that suddenly they get the picture when it has been obvious to the rest of us since 2004.
If it is true that they suddenly “understand” maybe the worst is over. They have been wrong about everything else.
ParticipantThe comments about global markets managers starting to get concerned should be taken with a grain of salt. These would be the same clueless individuals who did not do due diligence on the crap they bought or guaranteed as CDO’s and worse SIV’s
They were not bright enough to see that if the assets underlying a derivative were worthless, so was the derivative. It is hard for me to believe that suddenly they get the picture when it has been obvious to the rest of us since 2004.
If it is true that they suddenly “understand” maybe the worst is over. They have been wrong about everything else.
ParticipantMom’s best bets are to foreclose from the second position, or let to let the first foreclose and simply bid on the property. This would effectively wipe out any thirds, and in the second position, she would get any “overages” from the sale. Her paying the first to keep it out of foreclosure is a mistake.
From your perspective, if mom can actually pay off the first via a new loan, or at auction, no need to move. She will probably still want a good renter.
But mom really needs to get some professional help to make any of this work, and possible protect herself from what is becomming an abusive son who might see “other” solutions to his problem. There seems to be no limit to the damage family arguments can cause to the family members.
ParticipantMom’s best bets are to foreclose from the second position, or let to let the first foreclose and simply bid on the property. This would effectively wipe out any thirds, and in the second position, she would get any “overages” from the sale. Her paying the first to keep it out of foreclosure is a mistake.
From your perspective, if mom can actually pay off the first via a new loan, or at auction, no need to move. She will probably still want a good renter.
But mom really needs to get some professional help to make any of this work, and possible protect herself from what is becomming an abusive son who might see “other” solutions to his problem. There seems to be no limit to the damage family arguments can cause to the family members.
ParticipantMom’s best bets are to foreclose from the second position, or let to let the first foreclose and simply bid on the property. This would effectively wipe out any thirds, and in the second position, she would get any “overages” from the sale. Her paying the first to keep it out of foreclosure is a mistake.
From your perspective, if mom can actually pay off the first via a new loan, or at auction, no need to move. She will probably still want a good renter.
But mom really needs to get some professional help to make any of this work, and possible protect herself from what is becomming an abusive son who might see “other” solutions to his problem. There seems to be no limit to the damage family arguments can cause to the family members.
ParticipantMom’s best bets are to foreclose from the second position, or let to let the first foreclose and simply bid on the property. This would effectively wipe out any thirds, and in the second position, she would get any “overages” from the sale. Her paying the first to keep it out of foreclosure is a mistake.
From your perspective, if mom can actually pay off the first via a new loan, or at auction, no need to move. She will probably still want a good renter.
But mom really needs to get some professional help to make any of this work, and possible protect herself from what is becomming an abusive son who might see “other” solutions to his problem. There seems to be no limit to the damage family arguments can cause to the family members.
ParticipantMom’s best bets are to foreclose from the second position, or let to let the first foreclose and simply bid on the property. This would effectively wipe out any thirds, and in the second position, she would get any “overages” from the sale. Her paying the first to keep it out of foreclosure is a mistake.
From your perspective, if mom can actually pay off the first via a new loan, or at auction, no need to move. She will probably still want a good renter.
But mom really needs to get some professional help to make any of this work, and possible protect herself from what is becomming an abusive son who might see “other” solutions to his problem. There seems to be no limit to the damage family arguments can cause to the family members.
ParticipantFirst, the number is B.S.
In the breakdown of consumer purchases, spending on non-durable goods which include food and gasoline was up 2.0 pct, while spending on durables rose just 0.3 pct.
The same pattern appears in the inflation statistics. The PCE index for non-durables rose 1.4 pct, while the price indexes for durables actually fell 0.2 pct, and the index for services was up 0.3 pct.
That suggests the 1.1 pct spending jump was inflated by the price effects of more expensive energy and food. Real, inflation-adjusted spending was up just over half as much, 0.5 pct.
Worse still for consumers, their disposable personal incomes — after inflation and taxes — fell 0.3 pct, the worst reading since a minus 0.6 pct in April of this year.
above from:
http://www.forbes.com/afxnewslimited/feeds/afx/2007/12/21/afx4467450.htmlSo yes, maybe more credit card debt, and maybe way more cc interest because of rate increases on borrowers, but all in all, just another chapter in confuse and confound the american public.
ParticipantFirst, the number is B.S.
In the breakdown of consumer purchases, spending on non-durable goods which include food and gasoline was up 2.0 pct, while spending on durables rose just 0.3 pct.
The same pattern appears in the inflation statistics. The PCE index for non-durables rose 1.4 pct, while the price indexes for durables actually fell 0.2 pct, and the index for services was up 0.3 pct.
That suggests the 1.1 pct spending jump was inflated by the price effects of more expensive energy and food. Real, inflation-adjusted spending was up just over half as much, 0.5 pct.
Worse still for consumers, their disposable personal incomes — after inflation and taxes — fell 0.3 pct, the worst reading since a minus 0.6 pct in April of this year.
above from:
http://www.forbes.com/afxnewslimited/feeds/afx/2007/12/21/afx4467450.htmlSo yes, maybe more credit card debt, and maybe way more cc interest because of rate increases on borrowers, but all in all, just another chapter in confuse and confound the american public.
-
AuthorPosts
