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September 16, 2008 at 11:37 PM in reply to: Two weeks ago I was called a conspiracy theorist #271553September 16, 2008 at 11:37 PM in reply to: Two weeks ago I was called a conspiracy theorist #271577
(former)FormerSanDiegan
ParticipantThe dollar will be funny money in no time and the commodity market which has been manipulated by our government will soon be the money of choice
Oh, I see, the government made oil (a commodity) go up to $145 per barrel only to reverse it down to $95 per barrel in order to make it ( a commodity) the money of choice.
I wouldn’t call you a consipracy theorist for one simple reason :
Conspiracies usually have some logical reason for the conspirators to act in the way they are alleged to have conspired.
(former)FormerSanDiegan
Participant[quote=Mayer]Lehman’s CFO says California will be down %50 peak to trough:
http://latimesblogs.latimes.com/laland/2008/09/lehman-bros-cal.html
[/quote]I wonder if this Lehman Bros. CFO also predicted the 85% decline in his company’s stock since he was promoted to CFO on June 12th ?
(former)FormerSanDiegan
Participant[quote=Mayer]Lehman’s CFO says California will be down %50 peak to trough:
http://latimesblogs.latimes.com/laland/2008/09/lehman-bros-cal.html
[/quote]I wonder if this Lehman Bros. CFO also predicted the 85% decline in his company’s stock since he was promoted to CFO on June 12th ?
(former)FormerSanDiegan
Participant[quote=Mayer]Lehman’s CFO says California will be down %50 peak to trough:
http://latimesblogs.latimes.com/laland/2008/09/lehman-bros-cal.html
[/quote]I wonder if this Lehman Bros. CFO also predicted the 85% decline in his company’s stock since he was promoted to CFO on June 12th ?
(former)FormerSanDiegan
Participant[quote=Mayer]Lehman’s CFO says California will be down %50 peak to trough:
http://latimesblogs.latimes.com/laland/2008/09/lehman-bros-cal.html
[/quote]I wonder if this Lehman Bros. CFO also predicted the 85% decline in his company’s stock since he was promoted to CFO on June 12th ?
(former)FormerSanDiegan
Participant[quote=Mayer]Lehman’s CFO says California will be down %50 peak to trough:
http://latimesblogs.latimes.com/laland/2008/09/lehman-bros-cal.html
[/quote]I wonder if this Lehman Bros. CFO also predicted the 85% decline in his company’s stock since he was promoted to CFO on June 12th ?
(former)FormerSanDiegan
Participantinsiders with huge amounts of money moving the market for their own gain
True, but huge money insiders often lose at their own game. Huge money can move markets in the short run, but eventually economic forces come home to roost.
This happened for many insiders in the spot energy market a few years back (e.g. collapse of Enron), it happened with many inside players in the mortgage market and recently even happened to large hedge fund in the commodities market (Ospraie Management).
(former)FormerSanDiegan
Participantinsiders with huge amounts of money moving the market for their own gain
True, but huge money insiders often lose at their own game. Huge money can move markets in the short run, but eventually economic forces come home to roost.
This happened for many insiders in the spot energy market a few years back (e.g. collapse of Enron), it happened with many inside players in the mortgage market and recently even happened to large hedge fund in the commodities market (Ospraie Management).
(former)FormerSanDiegan
Participantinsiders with huge amounts of money moving the market for their own gain
True, but huge money insiders often lose at their own game. Huge money can move markets in the short run, but eventually economic forces come home to roost.
This happened for many insiders in the spot energy market a few years back (e.g. collapse of Enron), it happened with many inside players in the mortgage market and recently even happened to large hedge fund in the commodities market (Ospraie Management).
(former)FormerSanDiegan
Participantinsiders with huge amounts of money moving the market for their own gain
True, but huge money insiders often lose at their own game. Huge money can move markets in the short run, but eventually economic forces come home to roost.
This happened for many insiders in the spot energy market a few years back (e.g. collapse of Enron), it happened with many inside players in the mortgage market and recently even happened to large hedge fund in the commodities market (Ospraie Management).
(former)FormerSanDiegan
Participantinsiders with huge amounts of money moving the market for their own gain
True, but huge money insiders often lose at their own game. Huge money can move markets in the short run, but eventually economic forces come home to roost.
This happened for many insiders in the spot energy market a few years back (e.g. collapse of Enron), it happened with many inside players in the mortgage market and recently even happened to large hedge fund in the commodities market (Ospraie Management).
(former)FormerSanDiegan
Participant[quote=BGinRB][quote=FormerSanDiegan]Based on fundamentals we are below the long-term average in terms of monthly housing costs relative to rents and incomes. [/quote]
Rich’s recent graph shows that the ratio you quoted is nearing the top of the previous bubble. We are not even below the pre-2002 maximum.
[/quote]You are mistaken. Clearly the monthly housing costs relative to rent and incomes are below 30-year averages as shown in Rich’s recent charts.
(former)FormerSanDiegan
Participant[quote=BGinRB][quote=FormerSanDiegan]Based on fundamentals we are below the long-term average in terms of monthly housing costs relative to rents and incomes. [/quote]
Rich’s recent graph shows that the ratio you quoted is nearing the top of the previous bubble. We are not even below the pre-2002 maximum.
[/quote]You are mistaken. Clearly the monthly housing costs relative to rent and incomes are below 30-year averages as shown in Rich’s recent charts.
(former)FormerSanDiegan
Participant[quote=BGinRB][quote=FormerSanDiegan]Based on fundamentals we are below the long-term average in terms of monthly housing costs relative to rents and incomes. [/quote]
Rich’s recent graph shows that the ratio you quoted is nearing the top of the previous bubble. We are not even below the pre-2002 maximum.
[/quote]You are mistaken. Clearly the monthly housing costs relative to rent and incomes are below 30-year averages as shown in Rich’s recent charts.
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