[SHILOH]

“Sure, now is a great time to refinance – that is, if you can still qualify. Here is what lenders are looking for…” By Les Christie, CNNMoney.com 2/8/08
http://money.cnn.com/2008/02/08/real_estate/who_can_refi/index.htm

Elsewhere I read that the economic stimulus pkg would only impact about 120K subprime borrowers:
“Our updated analysis shows the Treasury Department’s plan involving streamlined loan modifications will prevent only 118,200 foreclosures—about 3% of the outstanding subprime mortgages with adjustable interest rates that are causing the current market turmoil. The Treasury plan, plus existing lender modifications, will barely make a dent in the growing foreclosure crisis and will allow subprime damage to continue spreading through the entire economy.”
http://www.responsiblelending.org/issues/mortgage/research/updated-analysis-of-paulson-plan.html

Many of the borrowers also did helocs and since the house is depreciating..and their credit is shot…plus they don’t have the income..all spells no refinance. “…the make or break metric is home equity.”

Can Fannie Mae realistically get the resources to buy up these bad debts and refinance these?

[SHILOH]

“Sure, now is a great time to refinance – that is, if you can still qualify. Here is what lenders are looking for…” By Les Christie, CNNMoney.com 2/8/08
http://money.cnn.com/2008/02/08/real_estate/who_can_refi/index.htm

Elsewhere I read that the economic stimulus pkg would only impact about 120K subprime borrowers:
“Our updated analysis shows the Treasury Department’s plan involving streamlined loan modifications will prevent only 118,200 foreclosures—about 3% of the outstanding subprime mortgages with adjustable interest rates that are causing the current market turmoil. The Treasury plan, plus existing lender modifications, will barely make a dent in the growing foreclosure crisis and will allow subprime damage to continue spreading through the entire economy.”
http://www.responsiblelending.org/issues/mortgage/research/updated-analysis-of-paulson-plan.html

Many of the borrowers also did helocs and since the house is depreciating..and their credit is shot…plus they don’t have the income..all spells no refinance. “…the make or break metric is home equity.”

Can Fannie Mae realistically get the resources to buy up these bad debts and refinance these?

[SHILOH]

“Sure, now is a great time to refinance – that is, if you can still qualify. Here is what lenders are looking for…” By Les Christie, CNNMoney.com 2/8/08
http://money.cnn.com/2008/02/08/real_estate/who_can_refi/index.htm

Elsewhere I read that the economic stimulus pkg would only impact about 120K subprime borrowers:
“Our updated analysis shows the Treasury Department’s plan involving streamlined loan modifications will prevent only 118,200 foreclosures—about 3% of the outstanding subprime mortgages with adjustable interest rates that are causing the current market turmoil. The Treasury plan, plus existing lender modifications, will barely make a dent in the growing foreclosure crisis and will allow subprime damage to continue spreading through the entire economy.”
http://www.responsiblelending.org/issues/mortgage/research/updated-analysis-of-paulson-plan.html

Many of the borrowers also did helocs and since the house is depreciating..and their credit is shot…plus they don’t have the income..all spells no refinance. “…the make or break metric is home equity.”

Can Fannie Mae realistically get the resources to buy up these bad debts and refinance these?

[SHILOH]

“Sure, now is a great time to refinance – that is, if you can still qualify. Here is what lenders are looking for…” By Les Christie, CNNMoney.com 2/8/08
http://money.cnn.com/2008/02/08/real_estate/who_can_refi/index.htm

Elsewhere I read that the economic stimulus pkg would only impact about 120K subprime borrowers:
“Our updated analysis shows the Treasury Department’s plan involving streamlined loan modifications will prevent only 118,200 foreclosures—about 3% of the outstanding subprime mortgages with adjustable interest rates that are causing the current market turmoil. The Treasury plan, plus existing lender modifications, will barely make a dent in the growing foreclosure crisis and will allow subprime damage to continue spreading through the entire economy.”
http://www.responsiblelending.org/issues/mortgage/research/updated-analysis-of-paulson-plan.html

Many of the borrowers also did helocs and since the house is depreciating..and their credit is shot…plus they don’t have the income..all spells no refinance. “…the make or break metric is home equity.”

Can Fannie Mae realistically get the resources to buy up these bad debts and refinance these?

[SHILOH]

“Sure, now is a great time to refinance – that is, if you can still qualify. Here is what lenders are looking for…” By Les Christie, CNNMoney.com 2/8/08
http://money.cnn.com/2008/02/08/real_estate/who_can_refi/index.htm

Elsewhere I read that the economic stimulus pkg would only impact about 120K subprime borrowers:
“Our updated analysis shows the Treasury Department’s plan involving streamlined loan modifications will prevent only 118,200 foreclosures—about 3% of the outstanding subprime mortgages with adjustable interest rates that are causing the current market turmoil. The Treasury plan, plus existing lender modifications, will barely make a dent in the growing foreclosure crisis and will allow subprime damage to continue spreading through the entire economy.”
http://www.responsiblelending.org/issues/mortgage/research/updated-analysis-of-paulson-plan.html

Many of the borrowers also did helocs and since the house is depreciating..and their credit is shot…plus they don’t have the income..all spells no refinance. “…the make or break metric is home equity.”

Can Fannie Mae realistically get the resources to buy up these bad debts and refinance these?

[SHILOH]

(AXcess News) New York – Within Celente’s “The Trend Journal” newsletter is his predictions for the future, coined as a “Trendpost”, in which he writes: “Jobless, broke and nowhere to go, “Self Storage” will soon live up to the meaning of its name. Down and out, thrown onto the streets … homeless Americans will empty out storage lockers of useless junk … to store themselves. When Panic strikes, it will only be a matter of time and a question of survival before they move in. Whether on their own or with family in tow, living in concrete and steel 4x8s will be a step up from sleeping in the streets or risking a night at a homeless shelter.”

Celente predicts the “security industry will flourish”, but he never mentions the fact that if he’s right about everyone living in storage lockers, so will the self-storage industry.
Celente’s 12-page report moves back and forth, pointing at things that happened this year and slipping in a few “we told you so” comments in referencing prior Trends Journals, which we’re sure is as vague as his “Winter Issue-2008” in giving predictions. This latest Journal is sure to get Celente some air time on CNN and other news networks who are lured by drama in the name of 30-second commercial spots.

So this is the “Trend Guru” who is asked to speak globally,etc,etc…maybe that IS why we are in this mess. He sounds like a sensationalist – like Cramer.
I think I would pay more attention to what someone like Warren Buffett would say about what’s ahead for the economy.
If Warren Buffett had a school of business…I’d like to enroll…http://www.newswise.com/articles/view/535301/

[SHILOH]

(AXcess News) New York – Within Celente’s “The Trend Journal” newsletter is his predictions for the future, coined as a “Trendpost”, in which he writes: “Jobless, broke and nowhere to go, “Self Storage” will soon live up to the meaning of its name. Down and out, thrown onto the streets … homeless Americans will empty out storage lockers of useless junk … to store themselves. When Panic strikes, it will only be a matter of time and a question of survival before they move in. Whether on their own or with family in tow, living in concrete and steel 4x8s will be a step up from sleeping in the streets or risking a night at a homeless shelter.”

Celente predicts the “security industry will flourish”, but he never mentions the fact that if he’s right about everyone living in storage lockers, so will the self-storage industry.
Celente’s 12-page report moves back and forth, pointing at things that happened this year and slipping in a few “we told you so” comments in referencing prior Trends Journals, which we’re sure is as vague as his “Winter Issue-2008” in giving predictions. This latest Journal is sure to get Celente some air time on CNN and other news networks who are lured by drama in the name of 30-second commercial spots.

So this is the “Trend Guru” who is asked to speak globally,etc,etc…maybe that IS why we are in this mess. He sounds like a sensationalist – like Cramer.
I think I would pay more attention to what someone like Warren Buffett would say about what’s ahead for the economy.
If Warren Buffett had a school of business…I’d like to enroll…http://www.newswise.com/articles/view/535301/

[SHILOH]

(AXcess News) New York – Within Celente’s “The Trend Journal” newsletter is his predictions for the future, coined as a “Trendpost”, in which he writes: “Jobless, broke and nowhere to go, “Self Storage” will soon live up to the meaning of its name. Down and out, thrown onto the streets … homeless Americans will empty out storage lockers of useless junk … to store themselves. When Panic strikes, it will only be a matter of time and a question of survival before they move in. Whether on their own or with family in tow, living in concrete and steel 4x8s will be a step up from sleeping in the streets or risking a night at a homeless shelter.”

Celente predicts the “security industry will flourish”, but he never mentions the fact that if he’s right about everyone living in storage lockers, so will the self-storage industry.
Celente’s 12-page report moves back and forth, pointing at things that happened this year and slipping in a few “we told you so” comments in referencing prior Trends Journals, which we’re sure is as vague as his “Winter Issue-2008” in giving predictions. This latest Journal is sure to get Celente some air time on CNN and other news networks who are lured by drama in the name of 30-second commercial spots.

So this is the “Trend Guru” who is asked to speak globally,etc,etc…maybe that IS why we are in this mess. He sounds like a sensationalist – like Cramer.
I think I would pay more attention to what someone like Warren Buffett would say about what’s ahead for the economy.
If Warren Buffett had a school of business…I’d like to enroll…http://www.newswise.com/articles/view/535301/

[SHILOH]

(AXcess News) New York – Within Celente’s “The Trend Journal” newsletter is his predictions for the future, coined as a “Trendpost”, in which he writes: “Jobless, broke and nowhere to go, “Self Storage” will soon live up to the meaning of its name. Down and out, thrown onto the streets … homeless Americans will empty out storage lockers of useless junk … to store themselves. When Panic strikes, it will only be a matter of time and a question of survival before they move in. Whether on their own or with family in tow, living in concrete and steel 4x8s will be a step up from sleeping in the streets or risking a night at a homeless shelter.”

Celente predicts the “security industry will flourish”, but he never mentions the fact that if he’s right about everyone living in storage lockers, so will the self-storage industry.
Celente’s 12-page report moves back and forth, pointing at things that happened this year and slipping in a few “we told you so” comments in referencing prior Trends Journals, which we’re sure is as vague as his “Winter Issue-2008” in giving predictions. This latest Journal is sure to get Celente some air time on CNN and other news networks who are lured by drama in the name of 30-second commercial spots.

So this is the “Trend Guru” who is asked to speak globally,etc,etc…maybe that IS why we are in this mess. He sounds like a sensationalist – like Cramer.
I think I would pay more attention to what someone like Warren Buffett would say about what’s ahead for the economy.
If Warren Buffett had a school of business…I’d like to enroll…http://www.newswise.com/articles/view/535301/

[SHILOH]

(AXcess News) New York – Within Celente’s “The Trend Journal” newsletter is his predictions for the future, coined as a “Trendpost”, in which he writes: “Jobless, broke and nowhere to go, “Self Storage” will soon live up to the meaning of its name. Down and out, thrown onto the streets … homeless Americans will empty out storage lockers of useless junk … to store themselves. When Panic strikes, it will only be a matter of time and a question of survival before they move in. Whether on their own or with family in tow, living in concrete and steel 4x8s will be a step up from sleeping in the streets or risking a night at a homeless shelter.”

Celente predicts the “security industry will flourish”, but he never mentions the fact that if he’s right about everyone living in storage lockers, so will the self-storage industry.
Celente’s 12-page report moves back and forth, pointing at things that happened this year and slipping in a few “we told you so” comments in referencing prior Trends Journals, which we’re sure is as vague as his “Winter Issue-2008” in giving predictions. This latest Journal is sure to get Celente some air time on CNN and other news networks who are lured by drama in the name of 30-second commercial spots.

So this is the “Trend Guru” who is asked to speak globally,etc,etc…maybe that IS why we are in this mess. He sounds like a sensationalist – like Cramer.
I think I would pay more attention to what someone like Warren Buffett would say about what’s ahead for the economy.
If Warren Buffett had a school of business…I’d like to enroll…http://www.newswise.com/articles/view/535301/

[SHILOH]

Clearly if there were true danger to the fire fighter…saving a dog’s life would be too risky and not worth it. It reminds me of people who’ve gone on the ice to save their dog…only to break through along with the dog and drown themselves while the dog manages to survive. It doesn’t make sense.

But here in Boston….they have sent fire-fighters into abandoned warehouses –old, decrepit several story buildings that are totally ablaze –and maybe 6 firefighters are sent inside on the chance that someone “might” be inside. (ie a homeless person sleeping in there). On at least one occasion that I remember, the whole crew was killed when the building collapsed under the blaze. Sometimes they do it just to save these buildings. Even though it’s their job, it doesn’t make sense to me that their lives are risked for that.

[SHILOH]

Clearly if there were true danger to the fire fighter…saving a dog’s life would be too risky and not worth it. It reminds me of people who’ve gone on the ice to save their dog…only to break through along with the dog and drown themselves while the dog manages to survive. It doesn’t make sense.

But here in Boston….they have sent fire-fighters into abandoned warehouses –old, decrepit several story buildings that are totally ablaze –and maybe 6 firefighters are sent inside on the chance that someone “might” be inside. (ie a homeless person sleeping in there). On at least one occasion that I remember, the whole crew was killed when the building collapsed under the blaze. Sometimes they do it just to save these buildings. Even though it’s their job, it doesn’t make sense to me that their lives are risked for that.

[SHILOH]

Clearly if there were true danger to the fire fighter…saving a dog’s life would be too risky and not worth it. It reminds me of people who’ve gone on the ice to save their dog…only to break through along with the dog and drown themselves while the dog manages to survive. It doesn’t make sense.

But here in Boston….they have sent fire-fighters into abandoned warehouses –old, decrepit several story buildings that are totally ablaze –and maybe 6 firefighters are sent inside on the chance that someone “might” be inside. (ie a homeless person sleeping in there). On at least one occasion that I remember, the whole crew was killed when the building collapsed under the blaze. Sometimes they do it just to save these buildings. Even though it’s their job, it doesn’t make sense to me that their lives are risked for that.

[SHILOH]

Clearly if there were true danger to the fire fighter…saving a dog’s life would be too risky and not worth it. It reminds me of people who’ve gone on the ice to save their dog…only to break through along with the dog and drown themselves while the dog manages to survive. It doesn’t make sense.

But here in Boston….they have sent fire-fighters into abandoned warehouses –old, decrepit several story buildings that are totally ablaze –and maybe 6 firefighters are sent inside on the chance that someone “might” be inside. (ie a homeless person sleeping in there). On at least one occasion that I remember, the whole crew was killed when the building collapsed under the blaze. Sometimes they do it just to save these buildings. Even though it’s their job, it doesn’t make sense to me that their lives are risked for that.

[SHILOH]

Clearly if there were true danger to the fire fighter…saving a dog’s life would be too risky and not worth it. It reminds me of people who’ve gone on the ice to save their dog…only to break through along with the dog and drown themselves while the dog manages to survive. It doesn’t make sense.

But here in Boston….they have sent fire-fighters into abandoned warehouses –old, decrepit several story buildings that are totally ablaze –and maybe 6 firefighters are sent inside on the chance that someone “might” be inside. (ie a homeless person sleeping in there). On at least one occasion that I remember, the whole crew was killed when the building collapsed under the blaze. Sometimes they do it just to save these buildings. Even though it’s their job, it doesn’t make sense to me that their lives are risked for that.

[Author]

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