[JWM in SD]

“I hope it doesn’t happen. It’s gonna make people wish that it was only as bad as Enron or Worldcom.”

Yes, and look what happened in response to those two issues:Sarbanes Oxley. The effing bane of my existence or any other publicly held or considering going public company in the US right now. The pendulum swung too far in that one and the credit crisis makes those two look like small change. How far will the pendulum swing in the lending market after the scope of this problem becomes more obvious??

Anyone who thinks that SD home prices can’t decline as much 50% doesn’t know WTF they are talking about because they do not understand far reaching impacts of the credit markets and how they will react. This is why I take issue with those giving advise to would be buyers posting here that it is only an emotional issue and if you can afford to buy and you have a long term view it wil be okay. That is utter bullshit because this is unprecedented and nobody knows how bad it is going to get…only that it has the potential to get really ugly.

Ayone looking to buy a home right now in SD might as well have been standing at the shoreline in Phuket when the tsunami rolled in. You Just Don’t Get It.

[JWM in SD]

Dave,

did he have anything to say about Country Fried Financial and CEO Godzilla? My Jan 08 puts and I thank you in advance 😉

[JWM in SD]

Dave,

did he have anything to say about Country Fried Financial and CEO Godzilla? My Jan 08 puts and I thank you in advance 😉

[JWM in SD]

Dave,

did he have anything to say about Country Fried Financial and CEO Godzilla? My Jan 08 puts and I thank you in advance 😉

[JWM in SD]

Temecula Guy,

I suspect there are 5 to 10 blogs that the media is regularly lurking at including this one. I first got tipped off to that over a year ago when Jon Lanser at the OC Register approached Ben Jones to invite his regular posters to ask a series of questions about the housing market in OC. After that point, Lansers news stories started to become more bearish to point that his bloggers were complaining about how Lanser only published bad news. Fast Forward to February / March: the Suprime Implosion of New Century. All of the sudden Mathew Padilla shows up on the OC Register RE site and is chronicling the Subprime Meltdown and now there are no more permabull posters on OC Register RE blogs anymore. They are extinct.

Here are the sites that I think the MSM is following/lurking at:

Ben Jones Housing Bubble
Patrick.net
Piggington
Calculated Risk
Mish Shedlock
Housing Panic
Bubble Market Inventory Tracking or BMIT

How do you think Cramer was rattling off all of his nonsense this week. Hell, he sounded more like me than I do with the exception of the rate reduction bull crap.

[JWM in SD]

Temecula Guy,

I suspect there are 5 to 10 blogs that the media is regularly lurking at including this one. I first got tipped off to that over a year ago when Jon Lanser at the OC Register approached Ben Jones to invite his regular posters to ask a series of questions about the housing market in OC. After that point, Lansers news stories started to become more bearish to point that his bloggers were complaining about how Lanser only published bad news. Fast Forward to February / March: the Suprime Implosion of New Century. All of the sudden Mathew Padilla shows up on the OC Register RE site and is chronicling the Subprime Meltdown and now there are no more permabull posters on OC Register RE blogs anymore. They are extinct.

Here are the sites that I think the MSM is following/lurking at:

Ben Jones Housing Bubble
Patrick.net
Piggington
Calculated Risk
Mish Shedlock
Housing Panic
Bubble Market Inventory Tracking or BMIT

How do you think Cramer was rattling off all of his nonsense this week. Hell, he sounded more like me than I do with the exception of the rate reduction bull crap.

[JWM in SD]

Temecula Guy,

I suspect there are 5 to 10 blogs that the media is regularly lurking at including this one. I first got tipped off to that over a year ago when Jon Lanser at the OC Register approached Ben Jones to invite his regular posters to ask a series of questions about the housing market in OC. After that point, Lansers news stories started to become more bearish to point that his bloggers were complaining about how Lanser only published bad news. Fast Forward to February / March: the Suprime Implosion of New Century. All of the sudden Mathew Padilla shows up on the OC Register RE site and is chronicling the Subprime Meltdown and now there are no more permabull posters on OC Register RE blogs anymore. They are extinct.

Here are the sites that I think the MSM is following/lurking at:

Ben Jones Housing Bubble
Patrick.net
Piggington
Calculated Risk
Mish Shedlock
Housing Panic
Bubble Market Inventory Tracking or BMIT

How do you think Cramer was rattling off all of his nonsense this week. Hell, he sounded more like me than I do with the exception of the rate reduction bull crap.

[JWM in SD]

“JWM: You’re a finance guy, right? Do you find it interesting that they no longer report M3? M1 and M2 are still there, but good ‘ol M3 isn’t. Not trying to put on my paranoid conspiracist hat or anything, but…”

Technically, I’m not Finance but rather accounting (CPA), but you learn most of the same fundamentals in TVM. I did handle corporate finance stuff like NPV and ROI for an automotive component supplier (Borg Warner) at one of their plants in Illinois for a couple of years though. a lot of the investment principles are the same such as hurdle rates and payback. Instead of houses it was two ton presses and tooling and die equipment.

Yes, it’s not surprising that the Fed decided not to report that anymore. However, there are still plenty of graphs depricting what happened relative to M0, M1, M2. Mish Shedlock was where I first read about that. What’s interesting is when you correlate housing prices in SoCal to the growth in M3…take a wild guess at how well they correlate.

I dont know enough about SFAS 140 yet. There is an article by Tanta at CR that about that I will read later on.

[JWM in SD]

“JWM: You’re a finance guy, right? Do you find it interesting that they no longer report M3? M1 and M2 are still there, but good ‘ol M3 isn’t. Not trying to put on my paranoid conspiracist hat or anything, but…”

Technically, I’m not Finance but rather accounting (CPA), but you learn most of the same fundamentals in TVM. I did handle corporate finance stuff like NPV and ROI for an automotive component supplier (Borg Warner) at one of their plants in Illinois for a couple of years though. a lot of the investment principles are the same such as hurdle rates and payback. Instead of houses it was two ton presses and tooling and die equipment.

Yes, it’s not surprising that the Fed decided not to report that anymore. However, there are still plenty of graphs depricting what happened relative to M0, M1, M2. Mish Shedlock was where I first read about that. What’s interesting is when you correlate housing prices in SoCal to the growth in M3…take a wild guess at how well they correlate.

I dont know enough about SFAS 140 yet. There is an article by Tanta at CR that about that I will read later on.

[JWM in SD]

“JWM: You’re a finance guy, right? Do you find it interesting that they no longer report M3? M1 and M2 are still there, but good ‘ol M3 isn’t. Not trying to put on my paranoid conspiracist hat or anything, but…”

Technically, I’m not Finance but rather accounting (CPA), but you learn most of the same fundamentals in TVM. I did handle corporate finance stuff like NPV and ROI for an automotive component supplier (Borg Warner) at one of their plants in Illinois for a couple of years though. a lot of the investment principles are the same such as hurdle rates and payback. Instead of houses it was two ton presses and tooling and die equipment.

Yes, it’s not surprising that the Fed decided not to report that anymore. However, there are still plenty of graphs depricting what happened relative to M0, M1, M2. Mish Shedlock was where I first read about that. What’s interesting is when you correlate housing prices in SoCal to the growth in M3…take a wild guess at how well they correlate.

I dont know enough about SFAS 140 yet. There is an article by Tanta at CR that about that I will read later on.

[JWM in SD]

Yeah, it’s called credit contraction (M3). Some might argue that it didn’t really exist in the first place.

[JWM in SD]

Yeah, it’s called credit contraction (M3). Some might argue that it didn’t really exist in the first place.

[JWM in SD]

Yeah, it’s called credit contraction (M3). Some might argue that it didn’t really exist in the first place.

[JWM in SD]

Not yet, but I suspect it will happen soon enough. Boy they are really going to hate me….

[JWM in SD]

Not yet, but I suspect it will happen soon enough. Boy they are really going to hate me….

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