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lonestar2000
ParticipantDWCAP: agree 100%, the pump is on fire and they’re trying to put it out by gousing it with more gas
Denninger can indeed be a bit emotional, but you can hardly blame him, this mess is affecting us all more than most of us realize, even now.
ParticipantDWCAP: agree 100%, the pump is on fire and they’re trying to put it out by gousing it with more gas
Denninger can indeed be a bit emotional, but you can hardly blame him, this mess is affecting us all more than most of us realize, even now.
ParticipantDWCAP: agree 100%, the pump is on fire and they’re trying to put it out by gousing it with more gas
Denninger can indeed be a bit emotional, but you can hardly blame him, this mess is affecting us all more than most of us realize, even now.
ParticipantDWCAP: agree 100%, the pump is on fire and they’re trying to put it out by gousing it with more gas
Denninger can indeed be a bit emotional, but you can hardly blame him, this mess is affecting us all more than most of us realize, even now.
Participant[quote=CA renter]This was a CREDIT bubble, not a housing bubble.[/quote]
I agree partially, all the investment money that drained out of the tech bubble created a huge pool of loan money, at the same time interest was still way low. This had the net effect of inflating prices of all big ticket items as people were ‘flush’ with excess cheap money and they spent like there was no tomorrow.
Once underway, housing became a bubble in itself, blowing it way above what even the credit bubble could pump into it.
Thus, we now have two very big bubbles deflating, which is bringing nearly everything else down with it.
What a wild ride!
To get back on topic that started this thread, Thursday was quite a comeback rally, and Friday was a continuation, right up to the point where people pulled out to put their money back into cash for the weekend.
The question is, whether we’re in for a continuation of the rally next week, or are dropping further down the slope? My gut tells me we’ll be headed further down, but I seem to be a contrary indicator of late, so it may be good advise if you bet against me LOL.
Participant[quote=CA renter]This was a CREDIT bubble, not a housing bubble.[/quote]
I agree partially, all the investment money that drained out of the tech bubble created a huge pool of loan money, at the same time interest was still way low. This had the net effect of inflating prices of all big ticket items as people were ‘flush’ with excess cheap money and they spent like there was no tomorrow.
Once underway, housing became a bubble in itself, blowing it way above what even the credit bubble could pump into it.
Thus, we now have two very big bubbles deflating, which is bringing nearly everything else down with it.
What a wild ride!
To get back on topic that started this thread, Thursday was quite a comeback rally, and Friday was a continuation, right up to the point where people pulled out to put their money back into cash for the weekend.
The question is, whether we’re in for a continuation of the rally next week, or are dropping further down the slope? My gut tells me we’ll be headed further down, but I seem to be a contrary indicator of late, so it may be good advise if you bet against me LOL.
Participant[quote=CA renter]This was a CREDIT bubble, not a housing bubble.[/quote]
I agree partially, all the investment money that drained out of the tech bubble created a huge pool of loan money, at the same time interest was still way low. This had the net effect of inflating prices of all big ticket items as people were ‘flush’ with excess cheap money and they spent like there was no tomorrow.
Once underway, housing became a bubble in itself, blowing it way above what even the credit bubble could pump into it.
Thus, we now have two very big bubbles deflating, which is bringing nearly everything else down with it.
What a wild ride!
To get back on topic that started this thread, Thursday was quite a comeback rally, and Friday was a continuation, right up to the point where people pulled out to put their money back into cash for the weekend.
The question is, whether we’re in for a continuation of the rally next week, or are dropping further down the slope? My gut tells me we’ll be headed further down, but I seem to be a contrary indicator of late, so it may be good advise if you bet against me LOL.
Participant[quote=CA renter]This was a CREDIT bubble, not a housing bubble.[/quote]
I agree partially, all the investment money that drained out of the tech bubble created a huge pool of loan money, at the same time interest was still way low. This had the net effect of inflating prices of all big ticket items as people were ‘flush’ with excess cheap money and they spent like there was no tomorrow.
Once underway, housing became a bubble in itself, blowing it way above what even the credit bubble could pump into it.
Thus, we now have two very big bubbles deflating, which is bringing nearly everything else down with it.
What a wild ride!
To get back on topic that started this thread, Thursday was quite a comeback rally, and Friday was a continuation, right up to the point where people pulled out to put their money back into cash for the weekend.
The question is, whether we’re in for a continuation of the rally next week, or are dropping further down the slope? My gut tells me we’ll be headed further down, but I seem to be a contrary indicator of late, so it may be good advise if you bet against me LOL.
Participant[quote=CA renter]This was a CREDIT bubble, not a housing bubble.[/quote]
I agree partially, all the investment money that drained out of the tech bubble created a huge pool of loan money, at the same time interest was still way low. This had the net effect of inflating prices of all big ticket items as people were ‘flush’ with excess cheap money and they spent like there was no tomorrow.
Once underway, housing became a bubble in itself, blowing it way above what even the credit bubble could pump into it.
Thus, we now have two very big bubbles deflating, which is bringing nearly everything else down with it.
What a wild ride!
To get back on topic that started this thread, Thursday was quite a comeback rally, and Friday was a continuation, right up to the point where people pulled out to put their money back into cash for the weekend.
The question is, whether we’re in for a continuation of the rally next week, or are dropping further down the slope? My gut tells me we’ll be headed further down, but I seem to be a contrary indicator of late, so it may be good advise if you bet against me LOL.
ParticipantSounds a lot like he is being put up as a scapegoat to take the heat off Paulson…but it is backfiring. LOL
ParticipantSounds a lot like he is being put up as a scapegoat to take the heat off Paulson…but it is backfiring. LOL
ParticipantSounds a lot like he is being put up as a scapegoat to take the heat off Paulson…but it is backfiring. LOL
ParticipantSounds a lot like he is being put up as a scapegoat to take the heat off Paulson…but it is backfiring. LOL
ParticipantSounds a lot like he is being put up as a scapegoat to take the heat off Paulson…but it is backfiring. LOL
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