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rb_engineer
ParticipantAndy,
Not sure your question is relavant anymore since old lady is NYT…
My point was that the so called dumb investors have long market horizons. They don’t usually plan to use it for mortgage payments. Especially since its tied up in 401K.
ParticipantJWM,
Inflation (which Ben’s fighting). There’s price pressure in everything now, from gas, food, credit, salaries. Rents are not immune.
ParticipantJWM,
Inflation (which Ben’s fighting). There’s price pressure in everything now, from gas, food, credit, salaries. Rents are not immune.
ParticipantJWM,
Inflation (which Ben’s fighting). There’s price pressure in everything now, from gas, food, credit, salaries. Rents are not immune.
ParticipantOld lady should be fine since she’s mostly likely in for the long haul… Its the novice investors residing in Piggington-land who are getting squeezed.
ParticipantOld lady should be fine since she’s mostly likely in for the long haul… Its the novice investors residing in Piggington-land who are getting squeezed.
ParticipantOld lady should be fine since she’s mostly likely in for the long haul… Its the novice investors residing in Piggington-land who are getting squeezed.
ParticipantBasically subprime and credit is the new oil/Iraq and media and wallstreet will ride it until there is nothing left to squeeze. Average people will once again suffer through higher rates, higher rents, lower home prices, and loss of jobs. Half the volume in wallstreet is hedge funds and no one I know has ever even invested in MBS.
ParticipantBasically subprime and credit is the new oil/Iraq and media and wallstreet will ride it until there is nothing left to squeeze. Average people will once again suffer through higher rates, higher rents, lower home prices, and loss of jobs. Half the volume in wallstreet is hedge funds and no one I know has ever even invested in MBS.
ParticipantBasically subprime and credit is the new oil/Iraq and media and wallstreet will ride it until there is nothing left to squeeze. Average people will once again suffer through higher rates, higher rents, lower home prices, and loss of jobs. Half the volume in wallstreet is hedge funds and no one I know has ever even invested in MBS.
August 10, 2007 at 9:32 AM in reply to: Why is overall credit market tanking on mortgage defaults #72743ParticipantMy guess is that market manipulation by the hedges will come to light in the next few weeks. There was a change in short sale rule that makes shorting much easier. Last couple of weeks have been very unusually volatile and this is probably the cause.
August 10, 2007 at 9:32 AM in reply to: Why is overall credit market tanking on mortgage defaults #72861ParticipantMy guess is that market manipulation by the hedges will come to light in the next few weeks. There was a change in short sale rule that makes shorting much easier. Last couple of weeks have been very unusually volatile and this is probably the cause.
August 10, 2007 at 9:32 AM in reply to: Why is overall credit market tanking on mortgage defaults #72868ParticipantMy guess is that market manipulation by the hedges will come to light in the next few weeks. There was a change in short sale rule that makes shorting much easier. Last couple of weeks have been very unusually volatile and this is probably the cause.
ParticipantI think the issue is economy. Its surprisingly resilient. Yes, people are losing jobs but unemployment is low. There are mortgage lenders going under everyday but then there are companies that are soaring (amylin, invitrogen, intuit?). I don’t know why but people are still buying homes. There are many examples of people losing their shirt on the houses but there are just as many who are selling at premiums even now (think north county coastal). I think if the general population think owning a house is too expensive, that’s not a bearish signal. When people are worrying more about their basic needs (food, rent, etc) that would signal a recession for me.
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