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September 16, 2007 at 8:05 PM in reply to: possible rate cut this tuesday;will it boost home sales & prices? #84756
JWM in SD
ParticipantCoop,
I hear you, but it’s like I’ve been saying all along. Most people do not really understand what is going on…they don’t get the macro level big picture and rely on the mouth breathing media to tell them what is happening…so naturally they think that lowering rates is good.
Participant“Yes, it’s called flooding the world with cheap money, and under-reporting inflation.”
You took the words out of my mouth.
Has anyone noticed that there are some consistently bad actor posters on this site??? Here is a clue, the OP is one of them and has been for sometime now.
How many houses do you have on the market RB??? How Many???
September 10, 2007 at 12:23 PM in reply to: Innovest posted their August San Diego foreclosure numbers and it ain’t pretty.. #84058ParticipantBut, but Schizo and Lostcat said we will have recovery in 2008?? How can this be…sarcasm off.
September 10, 2007 at 10:46 AM in reply to: Helicopter Drops and Lollipops…why the Fed saving your SD house is a Myth #84043Participant“It’s not. Holding foreign currency, particularly currency baskets, is a good thing”
Yes, this is why I was asking about Everbank a couple of weeks ago.
September 9, 2007 at 10:23 PM in reply to: Helicopter Drops and Lollipops…why the Fed saving your SD house is a Myth #84005ParticipantSorry Drunkle but that dog doesn’t hunt. If you want to argue that the Fed will hyperinflate then you have to be willing to go all the way and say their aim is to destroy the USD. That is a different matter.
Participant“then they can loan out ten times that in loans (I don’t know what the ratio is) and make 6% on that so they would get 60c a year off each dollar I have deposited or something like that, or are my aassumptions way off?”
That sounds suspiciously like Hedge Fund SOP with CDOs doesn’t it? Wonder how that model works out in the long run…maybe ask someone at Bear Stearns 😉
September 9, 2007 at 4:37 PM in reply to: Helicopter Drops and Lollipops…why the Fed saving your SD house is a Myth #83975Participant“Because, the Fed has a tendency to encourage borrowing to keep the fake economy going.”
Then you didn’t pay attention to the original post. The Fed has a limit before its power is useless. The Fed is getting close to this point. If your $’s are worthless, then they don’t have power anymore. So unless you are one of the subscribers to the Amero theory, then they won’t hyperinflate. It’s a risk I admit, but short of becoming a complete conspiracy theory nutjob, what else is there????
Participant“I noticed that Geroge did not specifically mention this website, but he did mention the Voice of San Diego website for some reason.”
and Georgie is really stupid if he thinks that he is going to win a debate with Toscano on this give all the ammo that is available for Rich to hurl at him at this point in housing debacle.
ParticipantPrecisely Kev. The posters who keep coming here thinking that 2008 will be the time to buy are foolish at best and myopic at worst. This whole thing will play out in increments of 6 mos at time. 3-4 years to play out and as much as a decade if the macro-economic issues prevent recovery.
September 9, 2007 at 3:49 PM in reply to: Helicopter Drops and Lollipops…why the Fed saving your SD house is a Myth #83968Participant“I am holding all cash and in my assessment a lot of it. So how will I benefit? I want to see higher interest rates, but I don’t think that will happen. I also want to see massive deflation, but I don’t think that will happen either.”
I want to answer the benefit question as well. However, I have to ask why you don’t see deflation and rising interest rates as a possibility? All the signs point to this right now.
September 9, 2007 at 3:45 PM in reply to: Appleton-Young tells Realtors NOT to take listings! #83966ParticipantBecause realtors only make $ from transactions. If no transaction takes palce, at any level, then they don’t make squat.
ParticipantThis all about OCrenter and his BMIT blog post from 8/25 just after Georgie had his last public hissyfit.
There wasn’t an outright accusation, ocrenter is very careful about that. It was merely asking questions about some puzzling aspects of Georgies condo dealings in Encinitas. Readers are allowed to draw their own conclusions about it.
Participant“GC threatened legal action against detractors.”
Ah yes, and the detractors have: a radio show, morning news spot, an editorial column from which we can shout him down I guess.
What a f*cking joke.His days are numbered…mark my words.
September 9, 2007 at 3:17 PM in reply to: Helicopter Drops and Lollipops…why the Fed saving your SD house is a Myth #83959Participant“i think mish is assuming that the govnt gives a rats ass about the people who will be most affected by dollar devaluation.”
No, what he is saying is that the Fed won’t hyperinflate because that would be endgame for them as they would have a lot of worthless crap on their Balance Sheet.
That’s why I keep saying that the Fed doesn’t give a sh*t about your overpriced SD home or condo. -
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