Forum Replies Created
-
AuthorPosts
-
July 22, 2007 at 4:58 PM in reply to: NEED your input, About to buy a new Pienza home in 4S Ranch #67017July 22, 2007 at 4:58 PM in reply to: NEED your input, About to buy a new Pienza home in 4S Ranch #67082
hipmatt
ParticipantNo Allan, I don’t think you are missing anything. I think you pretty much have the right idea.
ParticipantBuy a resale there in 2010!
ParticipantBuy a resale there in 2010!
ParticipantOK guys, fair enough, I misspelled his name, but really I don’t see why you guys are defending Bernanke anyways.
Here we go….
Peter Schiff isn’t into shorts/puts, he is into commodities, gold, silver, oil, foreign stocks and currencies, he stays out of the USD. So, no, I doubt he lost a dime this week, even though the dow ended up lower for the week. If I had to guess, since oil, gold, and the euro were up so much this week, I’d say he did real well.As for Bernanke, maybe he is doing the best that he can, but I’m surprised that the Piggingtons are a bunch of fanboys. We have been calling the credit bubble, high inflation problems, and weak dollar here for so long, and the whole time Bernanke is downplaying things, and basically as problems persist, he is forced to slowly eat his words. I guess I am an idealist in expecting some more honesty and the ability to tackle the problems head on.
I see that some here don’t like anyone who tries to expose the credit bubble and the phony economy and markets that surround it. We can’t print money like this forever. The middle class of America can’t REALLY afford to buy a MCMansion, a HD truck, rvs, BMWs, pool, iphones, $200 a month coffee bill, etc. There will probably be a sharp decline in the dow, I don’t know when, but it looks like the dollar is going to continue its plunge as we walk on eggshells around our fragile economy made of debt.
I will give Bernanke a break, but unless we get back to a much responsible fed reserve, these problems will continue. Sorry if I don’t want my daughter to have to pay $20 for a gallon of milk with her credit card. I guess were gonna have to have a few more credit collapses(like the subprime disasters) before we start to limit the amount of indebtedness one man or woman can hold.
ParticipantOK guys, fair enough, I misspelled his name, but really I don’t see why you guys are defending Bernanke anyways.
Here we go….
Peter Schiff isn’t into shorts/puts, he is into commodities, gold, silver, oil, foreign stocks and currencies, he stays out of the USD. So, no, I doubt he lost a dime this week, even though the dow ended up lower for the week. If I had to guess, since oil, gold, and the euro were up so much this week, I’d say he did real well.As for Bernanke, maybe he is doing the best that he can, but I’m surprised that the Piggingtons are a bunch of fanboys. We have been calling the credit bubble, high inflation problems, and weak dollar here for so long, and the whole time Bernanke is downplaying things, and basically as problems persist, he is forced to slowly eat his words. I guess I am an idealist in expecting some more honesty and the ability to tackle the problems head on.
I see that some here don’t like anyone who tries to expose the credit bubble and the phony economy and markets that surround it. We can’t print money like this forever. The middle class of America can’t REALLY afford to buy a MCMansion, a HD truck, rvs, BMWs, pool, iphones, $200 a month coffee bill, etc. There will probably be a sharp decline in the dow, I don’t know when, but it looks like the dollar is going to continue its plunge as we walk on eggshells around our fragile economy made of debt.
I will give Bernanke a break, but unless we get back to a much responsible fed reserve, these problems will continue. Sorry if I don’t want my daughter to have to pay $20 for a gallon of milk with her credit card. I guess were gonna have to have a few more credit collapses(like the subprime disasters) before we start to limit the amount of indebtedness one man or woman can hold.
ParticipantI wouldn’t say Bernake is a leader in the field of economics. And I’m sure there are few here who are actually more knowledgeable than he is on monetary policy and global macroeconomics.
For Bernake to state that the value of the US dollar isn’t the responsibility of the fed reserve, and that the housing slowdown is “contained” and will not affect the broader economy, is sheer lunacy. So yeah, I do think he is an idiot.
ParticipantI wouldn’t say Bernake is a leader in the field of economics. And I’m sure there are few here who are actually more knowledgeable than he is on monetary policy and global macroeconomics.
For Bernake to state that the value of the US dollar isn’t the responsibility of the fed reserve, and that the housing slowdown is “contained” and will not affect the broader economy, is sheer lunacy. So yeah, I do think he is an idiot.
ParticipantI guess its fine to put it on youtube, even if you already did.
Just for the record, waiting hawk changed the music… and personally I don’t see why. The original songs used were “don’t worry be happy” and “put a smile on your face” and it made you laugh as you listened to the words of the songs.
ParticipantI guess its fine to put it on youtube, even if you already did.
Just for the record, waiting hawk changed the music… and personally I don’t see why. The original songs used were “don’t worry be happy” and “put a smile on your face” and it made you laugh as you listened to the words of the songs.
July 19, 2007 at 7:36 AM in reply to: Is the liquidity tide finally rushing out of Wall Street? #66447ParticipantGetting into a savings account in Canadian dollars about six months ago, and you would be doing just as well as investing in the dow or s&p 500 right now.
There are many more “safer” investments that have outperformed the dow, but you never hear about it. I wonder if these people are getting it wrong?
As the dow makes nominal gains that impress everyone, the same dollars they are spending are loosing purchasing power just as fast. Not exactly an economy worth bragging about.
July 19, 2007 at 7:36 AM in reply to: Is the liquidity tide finally rushing out of Wall Street? #66512ParticipantGetting into a savings account in Canadian dollars about six months ago, and you would be doing just as well as investing in the dow or s&p 500 right now.
There are many more “safer” investments that have outperformed the dow, but you never hear about it. I wonder if these people are getting it wrong?
As the dow makes nominal gains that impress everyone, the same dollars they are spending are loosing purchasing power just as fast. Not exactly an economy worth bragging about.
ParticipantSorry pal, but you won’t see the market stay flat. We have rising inventories, foreclosures, tougher lending standards, rising rates(albeit slowly), and many current loans reseting. The worst is yet to come as far as the resets go.
There are so many people that are hanging onto their current home by a thread, the threads are slowly breaking, and many people have no choice.
Prices are coming down, nearly all the new home builders in the Temecula Valley have reduced prices from $50k-$110k. This is factual and doesn’t represent flat to me.
As far as the economy, it is slowing too. I know times are getting tough, I see a few friends getting laid off. There will be many more in construction and RE related industries, like we are seeing in the lending industry.
The cost of living is also going up faster than incomes. Food, energy , gas, even beer is rising fast. If you think this won’t affect households, think again. Yes, Americans are spending, but more and more of it is with money they don’t have. They are racking up monster debt. It is slowing and will come to end as soon as rates go even higher, as they will. The fed can’t lower rates, most every other foreign central bank is raising rates, and our dollar keeps loosing its power. Soon, investors will find better earnings investing elsewhere, and we will be forced to raise rates. We had a hint at this the last few weeks.
BTW, most here have made money in the housing boom, we have sold at or near the peak. I can assure you that those of us that rent, are not bitter. I can vouch for this as my best friends are panicking as their equity dwindles and they don’t think they can sell. Then you have those who have negative equity. I know a few, and I bet I’m sleeping better than they are.
ParticipantSorry pal, but you won’t see the market stay flat. We have rising inventories, foreclosures, tougher lending standards, rising rates(albeit slowly), and many current loans reseting. The worst is yet to come as far as the resets go.
There are so many people that are hanging onto their current home by a thread, the threads are slowly breaking, and many people have no choice.
Prices are coming down, nearly all the new home builders in the Temecula Valley have reduced prices from $50k-$110k. This is factual and doesn’t represent flat to me.
As far as the economy, it is slowing too. I know times are getting tough, I see a few friends getting laid off. There will be many more in construction and RE related industries, like we are seeing in the lending industry.
The cost of living is also going up faster than incomes. Food, energy , gas, even beer is rising fast. If you think this won’t affect households, think again. Yes, Americans are spending, but more and more of it is with money they don’t have. They are racking up monster debt. It is slowing and will come to end as soon as rates go even higher, as they will. The fed can’t lower rates, most every other foreign central bank is raising rates, and our dollar keeps loosing its power. Soon, investors will find better earnings investing elsewhere, and we will be forced to raise rates. We had a hint at this the last few weeks.
BTW, most here have made money in the housing boom, we have sold at or near the peak. I can assure you that those of us that rent, are not bitter. I can vouch for this as my best friends are panicking as their equity dwindles and they don’t think they can sell. Then you have those who have negative equity. I know a few, and I bet I’m sleeping better than they are.
ParticipantYa, but Sec. Paulson says we are AT or NEAR the housing bottom..
LOL!!! How can you say the bottom is here with the growing inventory, increasing rates, tighter lending standards, and massive foreclosures and even more are predicted.
http://money.cnn.com/2007/07/02/news/economy/paulson_housing.reut/
Paulson: Housing ‘at or near bottom’
But Treasury secretary gives no timetable for recovery; says financial markets remain healthy despite subprime mortgage mess.
July 2 2007: 4:40 PM EDTWASHINGTON (Reuters) — Treasury Secretary Henry Paulson said Monday the U.S. housing market correction was “at or near the bottom,” although it could be some time before an upturn.
“In terms of looking at housing, most of us believe that it’s at or near the bottom,” he told Reuters. “It’s had a significant impact on the economy. No one is forecasting when, with any degree of clarity, that the upturn is going to come other than it’s at or near the bottom.”
ECONOMYPaulson added that global economic growth remains solid, and a resilient U.S. consumer and strong labor markets are underpinning the domestic economy.
Paulson: China must push for reform“We are making this transition successfully (from) a growth rate that wasn’t sustainable to one that is sustainable,” Paulson said.
Asked about any spillover from the well-publicized problems in the subprime mortgage sector, Paulson acknowledged that excesses can build in benign economic periods with ample liquidity, which can lead to an erosion of standards.
“We’ve certainly seen it in a number of areas. Borrowers need to be wary of the risks they’re taking on in times of low interest rates, particularly if they haven’t fixed their rates. Lenders need to be wary,” he said.
Recent jitters in financial markets stemming from troubles in the subprime sector of the mortgage market underscored the risks and can serve as a “call for vigilance,” he added. Markets have been unsettled as two hedge funds at Bear Stearns (Charts, Fortune 500) ran into trouble with subprime bets that went bad.
Paulson, who was chairman of Goldman Sachs Group Inc. (Charts, Fortune 500) before taking the top Treasury post last year, said he monitors financial markets closely, and aside from the subprime situation, they remain healthy.
“Markets are volatile,” he said. “I haven’t seen a single thing that surprises me – it’s hard to surprise me.”
-
AuthorPosts
