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Fearful
ParticipantThings are still way, way out of balance. From the article, a 55 yo retired fire protection supervisor just bought a $1M house.
What’s wrong with this picture? 55 years old? Retired? A “fire protection supervisor”? A $1M house?!? That costs about sixty grand a year! The property tax alone is ten grand a year!
Did a giant bag of money fall from the sky into this guy’s back yard? He sure didn’t earn it from his job; did he inherit it? Make it in the real estate bubble here? Stock market? Marry well?
This is way, way out of balance. Only when weird distortions like this are gone will we have returned to sanity.
ParticipantThings are still way, way out of balance. From the article, a 55 yo retired fire protection supervisor just bought a $1M house.
What’s wrong with this picture? 55 years old? Retired? A “fire protection supervisor”? A $1M house?!? That costs about sixty grand a year! The property tax alone is ten grand a year!
Did a giant bag of money fall from the sky into this guy’s back yard? He sure didn’t earn it from his job; did he inherit it? Make it in the real estate bubble here? Stock market? Marry well?
This is way, way out of balance. Only when weird distortions like this are gone will we have returned to sanity.
January 12, 2008 at 4:34 PM in reply to: OT: Avoid Capital One No Hassel miles Rewards cards #134946ParticipantI have got their cash rewards card and it seems fine to me so far.
January 12, 2008 at 4:34 PM in reply to: OT: Avoid Capital One No Hassel miles Rewards cards #135140ParticipantI have got their cash rewards card and it seems fine to me so far.
January 12, 2008 at 4:34 PM in reply to: OT: Avoid Capital One No Hassel miles Rewards cards #135146ParticipantI have got their cash rewards card and it seems fine to me so far.
January 12, 2008 at 4:34 PM in reply to: OT: Avoid Capital One No Hassel miles Rewards cards #135201ParticipantI have got their cash rewards card and it seems fine to me so far.
January 12, 2008 at 4:34 PM in reply to: OT: Avoid Capital One No Hassel miles Rewards cards #135242ParticipantI have got their cash rewards card and it seems fine to me so far.
ParticipantCarrot: The Fed can offer to take questionable collateral for loans to BofA.
Stick: The Fed can say they will scrutinize BofA more closely before new loans.
The Fed has BofA’s nuts firmly in their grip. Not that they can actually twist hard, but they can squeeze, or they can relax. Either way is worth some serious cash to BofA.
ParticipantCarrot: The Fed can offer to take questionable collateral for loans to BofA.
Stick: The Fed can say they will scrutinize BofA more closely before new loans.
The Fed has BofA’s nuts firmly in their grip. Not that they can actually twist hard, but they can squeeze, or they can relax. Either way is worth some serious cash to BofA.
ParticipantCarrot: The Fed can offer to take questionable collateral for loans to BofA.
Stick: The Fed can say they will scrutinize BofA more closely before new loans.
The Fed has BofA’s nuts firmly in their grip. Not that they can actually twist hard, but they can squeeze, or they can relax. Either way is worth some serious cash to BofA.
ParticipantCarrot: The Fed can offer to take questionable collateral for loans to BofA.
Stick: The Fed can say they will scrutinize BofA more closely before new loans.
The Fed has BofA’s nuts firmly in their grip. Not that they can actually twist hard, but they can squeeze, or they can relax. Either way is worth some serious cash to BofA.
ParticipantCarrot: The Fed can offer to take questionable collateral for loans to BofA.
Stick: The Fed can say they will scrutinize BofA more closely before new loans.
The Fed has BofA’s nuts firmly in their grip. Not that they can actually twist hard, but they can squeeze, or they can relax. Either way is worth some serious cash to BofA.
ParticipantDon’t get me wrong – they’re horrible numbers. Just that the rate of increase through October was like a rocket launch. Average Nov and Dec and it is flat Oct – Dec.
There is a great deal of volatility in the numbers, and I would be surprised if the levels did not resume their upward march in January.
I wonder where all this will end.
ParticipantDon’t get me wrong – they’re horrible numbers. Just that the rate of increase through October was like a rocket launch. Average Nov and Dec and it is flat Oct – Dec.
There is a great deal of volatility in the numbers, and I would be surprised if the levels did not resume their upward march in January.
I wonder where all this will end.
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