[peterb]

I think banks have a good idea these days about what their portfolios are really worth. Now their problem is how to unload them. I think this is why we have all the stalling going on right now from both the govt and the banks. Foreclosure moratoriums, non-processed NOD’s, etc….
There’s no avoiding reality if a transaction takes place that makes the property value come in-line with the market value. And they know this. Hence the delaying tactics. Kinda like a prisoner on death row. The appeals can go for a very long time. And almost all of them do it.

[peterb]

I think banks have a good idea these days about what their portfolios are really worth. Now their problem is how to unload them. I think this is why we have all the stalling going on right now from both the govt and the banks. Foreclosure moratoriums, non-processed NOD’s, etc….
There’s no avoiding reality if a transaction takes place that makes the property value come in-line with the market value. And they know this. Hence the delaying tactics. Kinda like a prisoner on death row. The appeals can go for a very long time. And almost all of them do it.

[peterb]

I think banks have a good idea these days about what their portfolios are really worth. Now their problem is how to unload them. I think this is why we have all the stalling going on right now from both the govt and the banks. Foreclosure moratoriums, non-processed NOD’s, etc….
There’s no avoiding reality if a transaction takes place that makes the property value come in-line with the market value. And they know this. Hence the delaying tactics. Kinda like a prisoner on death row. The appeals can go for a very long time. And almost all of them do it.

[peterb]

I think banks have a good idea these days about what their portfolios are really worth. Now their problem is how to unload them. I think this is why we have all the stalling going on right now from both the govt and the banks. Foreclosure moratoriums, non-processed NOD’s, etc….
There’s no avoiding reality if a transaction takes place that makes the property value come in-line with the market value. And they know this. Hence the delaying tactics. Kinda like a prisoner on death row. The appeals can go for a very long time. And almost all of them do it.

[peterb]

Rather than all this pontification about what these public service jobs are worth, why not let the market set this compensation? If a fire, police or any other position gets 500 applicants for every open position, I’d say it pays too much. Start lowering the comp package until you get 50 qualified applicants. How hard is that?
I think this is where unionization and fraternal organizations get in the way of a free market setting prices.

[peterb]

Rather than all this pontification about what these public service jobs are worth, why not let the market set this compensation? If a fire, police or any other position gets 500 applicants for every open position, I’d say it pays too much. Start lowering the comp package until you get 50 qualified applicants. How hard is that?
I think this is where unionization and fraternal organizations get in the way of a free market setting prices.

[peterb]

Rather than all this pontification about what these public service jobs are worth, why not let the market set this compensation? If a fire, police or any other position gets 500 applicants for every open position, I’d say it pays too much. Start lowering the comp package until you get 50 qualified applicants. How hard is that?
I think this is where unionization and fraternal organizations get in the way of a free market setting prices.

[peterb]

Rather than all this pontification about what these public service jobs are worth, why not let the market set this compensation? If a fire, police or any other position gets 500 applicants for every open position, I’d say it pays too much. Start lowering the comp package until you get 50 qualified applicants. How hard is that?
I think this is where unionization and fraternal organizations get in the way of a free market setting prices.

[peterb]

Rather than all this pontification about what these public service jobs are worth, why not let the market set this compensation? If a fire, police or any other position gets 500 applicants for every open position, I’d say it pays too much. Start lowering the comp package until you get 50 qualified applicants. How hard is that?
I think this is where unionization and fraternal organizations get in the way of a free market setting prices.

[peterb]

The older I get, the more it makes sense. We old people cant see too well.

[peterb]

The older I get, the more it makes sense. We old people cant see too well.

[peterb]

The older I get, the more it makes sense. We old people cant see too well.

[peterb]

The older I get, the more it makes sense. We old people cant see too well.

[peterb]

The older I get, the more it makes sense. We old people cant see too well.

[peterb]

In recent history. 1980 to 2002, gold didnt do too well, but I think we had strong inflation through that period. Gold’s a good play when the credit markets go into stress mode. That’s why it’s holding near it’s high at this time when all other assets have crashed and rebounded a little. I dont think it will go much higher or stay there if it did. But it doesnt need to as long all other asset classes come down hard. Again, it’s relative strength analysis that matters. I dont think the market is about growth now, it’s about safety and liquidity due to years of credit abuse and historical debt levels that are now not sustainable. But I completely agree with Arraya. Dont fight the party, join it. Just dont stay too long. Beats working for a living.

[Author]

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