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HereWeGo
ParticipantIt will be interesting to see if the Fed is as deliberate as the BOJ.
ParticipantIt will be interesting to see if the Fed is as deliberate as the BOJ.
ParticipantIt will definitely be scaled back. 100% losses tend to make investors a might on the shy side.
ParticipantIt will definitely be scaled back. 100% losses tend to make investors a might on the shy side.
ParticipantOK, my jaw is currently resting peacefully on the floor. Maybe the big boys stared into the abyss and decided they’re not willing to fall just yet? I dunno.
ParticipantOK, my jaw is currently resting peacefully on the floor. Maybe the big boys stared into the abyss and decided they’re not willing to fall just yet? I dunno.
ParticipantThat’s what I intended to imply, pr. I just don’t see how the banks ultimately have any choice in the matter.
It’s a twist on an old saying: if you owe the bank 400K, and you default, then you have a problem. But if one million “yous” owe the bank 400K a piece, and they default, the banks have a very big problem.
ParticipantThat’s what I intended to imply, pr. I just don’t see how the banks ultimately have any choice in the matter.
It’s a twist on an old saying: if you owe the bank 400K, and you default, then you have a problem. But if one million “yous” owe the bank 400K a piece, and they default, the banks have a very big problem.
ParticipantThe refinance may come at some pain to the lender, but that’s almost certainly the solution that will eventually be required. If the borrowers stop servicing their debt en masse, that will soon be seen as the worst case scenario for the lenders.
ParticipantThe refinance may come at some pain to the lender, but that’s almost certainly the solution that will eventually be required. If the borrowers stop servicing their debt en masse, that will soon be seen as the worst case scenario for the lenders.
ParticipantWell, Chris and I were here when we got our tails handed to us last week.
The interesting news today was the incredible strength from the Europeans. They have followed the US like a puppy for some time, but today, when the Dow dropped 100 pts over a brief period, the Europeans actually rallied. The FTSE went from +2.0% to +2.5% in the face of the Dow downturn. It’s nice to see the Europeans (and especially the British) show some independence, that’s a really good sign from my perspective.
ParticipantWell, Chris and I were here when we got our tails handed to us last week.
The interesting news today was the incredible strength from the Europeans. They have followed the US like a puppy for some time, but today, when the Dow dropped 100 pts over a brief period, the Europeans actually rallied. The FTSE went from +2.0% to +2.5% in the face of the Dow downturn. It’s nice to see the Europeans (and especially the British) show some independence, that’s a really good sign from my perspective.
ParticipantCramer was intentionally hyperbolic today, folks.
As for the rest, we shall see. The world economy continues to grow at 5.2%. Businesses with solid profits and balance sheets have no problems finding willing creditors. Moreover, profits are much, much higher than predicted this quarter, which should, with some more consideration, make creditors even more willing to lend.
Now, are some residential lenders in deep trouble? No doubt. Are many homebuilders in duress? Again, no question, especially if those builders did a lot of business in California and Florida (and maybe Arizona.) Is the quuestion of “Who’s holding the bag?” still open? Again, no doubt, and that’s hurting all of the financials, both the guilty and the not-so-guilty. But I have to agree with Sam Zell – as long as corporate and personal incomes continue to rise, there’s really no imminent threat of a recession.
BTW, where are the individuals who predicted sub 1% annualized growth in the second quarter? I’m eager for those folks to explain their back of the envelope computations.
ParticipantCramer was intentionally hyperbolic today, folks.
As for the rest, we shall see. The world economy continues to grow at 5.2%. Businesses with solid profits and balance sheets have no problems finding willing creditors. Moreover, profits are much, much higher than predicted this quarter, which should, with some more consideration, make creditors even more willing to lend.
Now, are some residential lenders in deep trouble? No doubt. Are many homebuilders in duress? Again, no question, especially if those builders did a lot of business in California and Florida (and maybe Arizona.) Is the quuestion of “Who’s holding the bag?” still open? Again, no doubt, and that’s hurting all of the financials, both the guilty and the not-so-guilty. But I have to agree with Sam Zell – as long as corporate and personal incomes continue to rise, there’s really no imminent threat of a recession.
BTW, where are the individuals who predicted sub 1% annualized growth in the second quarter? I’m eager for those folks to explain their back of the envelope computations.
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