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Bubblesitter
ParticipantFor those who lost their houses, my thoughts are with you.
With the rebuilding, you will need to aggressively stand up for your rights. Complain if needed directly to the insurance commissioner. You will have to be very proactive.
This is a very sobering story from Bloomberg
http://www.bloomberg.com/apps/news?pid=20601203&sid=aIOpZROwhvNI&refer=i…
Victims of the Cedar file were victimized a second time around. Insurance companies will be slow-rolling and nickel&diming all the way out.
Good luck.
Bubblesitter
ParticipantFor those who lost their houses, my thoughts are with you.
With the rebuilding, you will need to aggressively stand up for your rights. Complain if needed directly to the insurance commissioner. You will have to be very proactive.
This is a very sobering story from Bloomberg
http://www.bloomberg.com/apps/news?pid=20601203&sid=aIOpZROwhvNI&refer=i…
Victims of the Cedar file were victimized a second time around. Insurance companies will be slow-rolling and nickel&diming all the way out.
Good luck.
Bubblesitter
ParticipantFor those who lost their houses, my thoughts are with you.
With the rebuilding, you will need to aggressively stand up for your rights. Complain if needed directly to the insurance commissioner. You will have to be very proactive.
This is a very sobering story from Bloomberg
http://www.bloomberg.com/apps/news?pid=20601203&sid=aIOpZROwhvNI&refer=i…
Victims of the Cedar file were victimized a second time around. Insurance companies will be slow-rolling and nickel&diming all the way out.
Good luck.
Bubblesitter
ParticipantI guess time will tell the impact on local housing pricing.
Next fight for all those who lost their houses will be against the insurance companies.
This is a very sobering story from Bloomberg
http://www.bloomberg.com/apps/news?pid=20601203&sid=aIOpZROwhvNI&refer=insurance
Victims of the Cedar file were victimized a second time around. Insurance companies will be slow-rolling and nickel&diming all the way out.
It is likely that insurance rates in all the fire zones and evac zones will see appreciable rises in insurance rate, if they can get decent coverage at all. Allstate has already exited the market. Underwriting is typically based on historic fire burn and evac zones.
Bubblesitter
ParticipantI guess time will tell the impact on local housing pricing.
Next fight for all those who lost their houses will be against the insurance companies.
This is a very sobering story from Bloomberg
http://www.bloomberg.com/apps/news?pid=20601203&sid=aIOpZROwhvNI&refer=insurance
Victims of the Cedar file were victimized a second time around. Insurance companies will be slow-rolling and nickel&diming all the way out.
It is likely that insurance rates in all the fire zones and evac zones will see appreciable rises in insurance rate, if they can get decent coverage at all. Allstate has already exited the market. Underwriting is typically based on historic fire burn and evac zones.
Bubblesitter
ParticipantI guess time will tell the impact on local housing pricing.
Next fight for all those who lost their houses will be against the insurance companies.
This is a very sobering story from Bloomberg
http://www.bloomberg.com/apps/news?pid=20601203&sid=aIOpZROwhvNI&refer=insurance
Victims of the Cedar file were victimized a second time around. Insurance companies will be slow-rolling and nickel&diming all the way out.
It is likely that insurance rates in all the fire zones and evac zones will see appreciable rises in insurance rate, if they can get decent coverage at all. Allstate has already exited the market. Underwriting is typically based on historic fire burn and evac zones.
Bubblesitter
ParticipantPersonally, I’m less likely to buy out here. In last couple days, my wife pressuring me to considering moving the family back east. I don’t blame her. I’m beginning to actively consider it.
Aside
I wanted to salute all the fire&rescue folks who are putting their lives on the line. Thanks.Bubblesitter
ParticipantPersonally, I’m less likely to buy out here. In last couple days, my wife pressuring me to considering moving the family back east. I don’t blame her. I’m beginning to actively consider it.
Aside
I wanted to salute all the fire&rescue folks who are putting their lives on the line. Thanks.Bubblesitter
ParticipantPersonally, I’m less likely to buy out here. In last couple days, my wife pressuring me to considering moving the family back east. I don’t blame her. I’m beginning to actively consider it.
Aside
I wanted to salute all the fire&rescue folks who are putting their lives on the line. Thanks.Bubblesitter
ParticipantGood luck to all in Ramona and other fire zones. They are evacuating all of Ramona tonight. I’m watching this stuff on the news tonight.
This is looking like a replay of the Cedar files from a few years back.
I just invited my coworker and his large family over to my house to stay. I better buy some milk! If you know anybody who lives out there, consider putting them up, I hope someone would do the same for me if I ever needed it.
Bubblesitter
ParticipantGood luck to all in Ramona and other fire zones. They are evacuating all of Ramona tonight. I’m watching this stuff on the news tonight.
This is looking like a replay of the Cedar files from a few years back.
I just invited my coworker and his large family over to my house to stay. I better buy some milk! If you know anybody who lives out there, consider putting them up, I hope someone would do the same for me if I ever needed it.
Bubblesitter
ParticipantI have progressively become more risk averse since July.
We are probably in for a rough week ahead after friday’s big selloff on Wall street.
I still remain extremely bearish and now have an even larger gold % holding since July. I’ve held off acquiring an even larger gold position due to the likely gold selloff to cover margin calls in the event of a steep Wall street drop.
We saw a similar thing in late July, gold dropping a number of percent due to liquidations to cover Margin calls. Since then gold reached further heights, with the dollar reaching all-time lows against the Euro. Since July, I’ve continued to convert some of my US Dollar-based liquid assets (currently in CDs at FDIC-insured institutions) into foreign currency. I believe there is fundamentally nothing that can prevent the continued erosion of Dollar’s value.
I’m planning to convert the remaing US Dollar cash reserve to acquire more gold (after a big stock market selloff) and diversify completely away from the Dollar.
Root cause of this remains the collapsing housing market and associated MBS and derivative markets. This SIV bailout plan is likely to fail and credit markets will probably be in trouble into next year.
The remaining leg holding up the economy, the US consumer is tapped out. We are very likely already in recession. The call for a starts of recession are always determined after the fact, after revisions in previous month’s GDP numbers come in.
Are there any stock bulls out there?
Bubblesitter
ParticipantI have progressively become more risk averse since July.
We are probably in for a rough week ahead after friday’s big selloff on Wall street.
I still remain extremely bearish and now have an even larger gold % holding since July. I’ve held off acquiring an even larger gold position due to the likely gold selloff to cover margin calls in the event of a steep Wall street drop.
We saw a similar thing in late July, gold dropping a number of percent due to liquidations to cover Margin calls. Since then gold reached further heights, with the dollar reaching all-time lows against the Euro. Since July, I’ve continued to convert some of my US Dollar-based liquid assets (currently in CDs at FDIC-insured institutions) into foreign currency. I believe there is fundamentally nothing that can prevent the continued erosion of Dollar’s value.
I’m planning to convert the remaing US Dollar cash reserve to acquire more gold (after a big stock market selloff) and diversify completely away from the Dollar.
Root cause of this remains the collapsing housing market and associated MBS and derivative markets. This SIV bailout plan is likely to fail and credit markets will probably be in trouble into next year.
The remaining leg holding up the economy, the US consumer is tapped out. We are very likely already in recession. The call for a starts of recession are always determined after the fact, after revisions in previous month’s GDP numbers come in.
Are there any stock bulls out there?
Bubblesitter
ParticipantI believe that financial education should be mandatory for all, starting in elementary/junior high. Included in this education is some treatment of ethics. After the Wall Street Enron, Tyco blow-ups a few years back, many MBA programs added courses on business ethics. When I was working on MBA back in late 90s there were no such courses. There is a general lack of ethics by many in the business world, for many their motto is a “sucker is born everyday”.
I’m trying my best to instill in my young kiddos that you should always do right. I was recently at a store and a cashier overpaid me by a few bucks, I made a point with my son present to point out her error and hand it back. I talked with him about it afterward. I guess I can only hope that it makes a difference.
By the way, from a personal finance knowledge standpoint, getting an MBA was invaluable. For me it was a structured learning environment and I pick things up better than doing it on my own. Most can learn the softer “MBA” skill set on the job or reading the portable MBA, it is not rocket science. Even the finance stuff does not use anything much more mathmatically complex than amoritization, compounding interest, etc. An MBA course work does give you a broad in-depth knowledge of how the business world works.
Bubblesitter
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