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March 27, 2007 at 7:01 PM in reply to: millionaires moving in keeping prices flat in high-end markets? #48580
LookoutBelow
ParticipantAs my moniiker suggests…….
LOOK OUT BELOW
ParticipantTake some of that money, get on a jet to Hong Kong, open a multi currency HSBC account, have some balls and start trading on the in currencies and metals…..Just joking, I would give some serious thought to getting some of it offshore in a protected trust or offshore account however.
See our friend Charles Schwab (crook like the rest) and do some of your CD's with them too….spread it around a little…you might wish you had done that in the future….
ParticipantThe people with resetting ARMs are pissed, they wanted a lower rate….
The Chinese are pissed, they wanted a higher rate !!
Everything is jussssst right….!
I think the fed has got his nutz in a big vise now.
Destroy the dollar ?
Or
crash the national (global) economy ?…Hmmmm…?
Decisions, decisions……?
Glad Im going surfing …decisions like that would give me a headache, nobody can surf with a headache…
ParticipantYou mentioned that you didnt think the property was worth more than 650K ?….Just how did you arrive at that number ?
In a declining asset market (avalanche) who would be foolish enough to place a number on something while its sliding down ?
where this will stop nobody really knows, but I can almost assure you that the number you chose for its value (650K) is completely subject to speculation
If you think its worth that…good luck then, offer that and god bless you, Iam sure the builders will probably sell for that…They are looking for the "Greater Fools" also.
ParticipantVery good anology with the babysitting !!
I am going to take a well deserved break also, maybe go surf and fish for a few months so as not to be an eyewitness to the bloody carnage that is going to follow.
My work is done here…On to the next industry that needs our clear type thinking ! Being able to see through the smoke and listen through the static is an art that anyone with a brain can do…..BUT you must first take the "Red Pill"…that requires balls….. and to also turn off "American Idol"
Believe 1/2 of what you read and NONE of what you see on TV
ParticipantGm owns GMAC…GMAC owns Ditech….you know the one….with the annoyingly stupid commercials….do the math…They are HUGE players in the sub prime market….
ParticipantSaw the same thing over the last 5 months.
March 4, 2007 at 4:22 PM in reply to: If Convinced Stock Market is Heading South, How Best to Profit? #46881ParticipantI would be seriously surprised if the market were to continue its fownward spiral…….After all …? what does it take for the PPT (plunge Protection Team) to print up a few thousand tons of 100 dollar bills and re-inflate the market ?….Would only take a few days I would imagine.
After what I've seen in the last 2 years on the market, they dont have any intentions to let it crash….they get what they want.
ParticipantLOL !…Hilarious ! Yes buy..buy ..buy !!!
Hurry up or you'll be left behind
ParticipantI would tend to think your still under the impression that businesses are started with "Borrowed" money…successful ones are not, dont look for any examples on Wall Street private equities markets and purchases, those are shell games and not designed to make money, just pump and dump stocks…..Fortune Magazine detests the idea of actually paying for anything with cash, so dont look there either. If your idea is a good one, plenty of cash is available from potential investors/owners.
If you serious about making a small business, then do it the way all successful businesses start out, with capital from equity owners, not loans from web based shylocks. If you dont want any partners, then finance the gig on your own with your own capital, ….what ? …you say you DONT have any capital yourself ?..Hmmm….I would stay employed then and start saving….."Savings"? Its an old concept from wayback….also known as "Pay as you go"….The Asians are really into it, and the USA used to be.
Starting a new business with loaned capital is like building a 4 story building on sand…..Its destined to fail soon…Hence: 95% of all small businesses fail within the first 2 years.
ParticipantWhat a dipshit Greenspan is…….Notice he says this from HONG KONG….He's an old fart anyway, he is just sad that his name will be forever associated with the demise of the worlds economy….whether he likes it or not……THAT IS his legacy
ParticipantThe USA will not attack Iran….that being said…Israel will and we will back them up with air cover among other things……It will happen soon in my opinion.
Also, as a side note, "If" Iran takes a swipe at one of our assets (naval) over there in the gulf, then all bets are off, I believe they will in fact do that, and I think things will get REALLY ugly… REALLY fast…….Wax up, swell is in, who has time to worry about this stuff anyway, nobody called and asked my opinion on it this morning. I waited, but the phone never rang, so I guess I'll go surf
ParticipantHow else would you characterize the actions of Greenspan then ?…..He is much too smart to get tripped up by incompetence, he is much too shrewd to NOT see the repercussions of his actions/inactions…..So it opens the door to a "planned" meltdown then doesnt it ?
I think if you look at his education and positions he's held in his past you'd see he's no fool….So why did he allow this to happen ??
As usual, they is SO much more than we will ever know……But idiocy on his part is NOT the case…
ParticipantDepends on how bad it gets…there is evidence tosuggest this could very well be a "Depression" era sized meltdown….who knows ??…..but it will meltdown
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