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socrattt
Participant[quote=temeculaguy]
But I’m with Eugene, the worst probably behind us or we are in the midst of it, football season starts tomorrow, then it leads to basketball season, by the time the nba finals are over next year, I hope you got all the doom and gloom presents you wanted for christmas because this pity party will be over. I do not believe we will have massive prosperity, things take time, they resonate in the back of people’s mind, spending will not return to 2005 levels until people start to forget. The real question is, where will the next bubble be? Where will the next technology explosion be? Will we get those 200 mpg equivalent cars? Will macrolane be approved by the FDA so women can get a J-lo butt or a boob job with just a shot and it wears off in a year or two, that might be the next bubble, pun intended.[/quote]
TG, I hope you are right. You are a glass 3/4 full sort of guy, which is a great characteristic to have. I just see things a bit different with the global economy right now and I believe we are far from a recovery. We still have so much crap that has yet to hit the fan, I just don’t know how it’s possible to foresee a recovery so soon.
I hope I revisit this post one day and say “That TG guy was a smart man”. My thoughts on Eugene won’t change :). I would much prefer to be proved wrong than right!!!
Participant[quote=temeculaguy]
But I’m with Eugene, the worst probably behind us or we are in the midst of it, football season starts tomorrow, then it leads to basketball season, by the time the nba finals are over next year, I hope you got all the doom and gloom presents you wanted for christmas because this pity party will be over. I do not believe we will have massive prosperity, things take time, they resonate in the back of people’s mind, spending will not return to 2005 levels until people start to forget. The real question is, where will the next bubble be? Where will the next technology explosion be? Will we get those 200 mpg equivalent cars? Will macrolane be approved by the FDA so women can get a J-lo butt or a boob job with just a shot and it wears off in a year or two, that might be the next bubble, pun intended.[/quote]
TG, I hope you are right. You are a glass 3/4 full sort of guy, which is a great characteristic to have. I just see things a bit different with the global economy right now and I believe we are far from a recovery. We still have so much crap that has yet to hit the fan, I just don’t know how it’s possible to foresee a recovery so soon.
I hope I revisit this post one day and say “That TG guy was a smart man”. My thoughts on Eugene won’t change :). I would much prefer to be proved wrong than right!!!
Participant[quote=temeculaguy]
But I’m with Eugene, the worst probably behind us or we are in the midst of it, football season starts tomorrow, then it leads to basketball season, by the time the nba finals are over next year, I hope you got all the doom and gloom presents you wanted for christmas because this pity party will be over. I do not believe we will have massive prosperity, things take time, they resonate in the back of people’s mind, spending will not return to 2005 levels until people start to forget. The real question is, where will the next bubble be? Where will the next technology explosion be? Will we get those 200 mpg equivalent cars? Will macrolane be approved by the FDA so women can get a J-lo butt or a boob job with just a shot and it wears off in a year or two, that might be the next bubble, pun intended.[/quote]
TG, I hope you are right. You are a glass 3/4 full sort of guy, which is a great characteristic to have. I just see things a bit different with the global economy right now and I believe we are far from a recovery. We still have so much crap that has yet to hit the fan, I just don’t know how it’s possible to foresee a recovery so soon.
I hope I revisit this post one day and say “That TG guy was a smart man”. My thoughts on Eugene won’t change :). I would much prefer to be proved wrong than right!!!
Participant[quote=temeculaguy]
But I’m with Eugene, the worst probably behind us or we are in the midst of it, football season starts tomorrow, then it leads to basketball season, by the time the nba finals are over next year, I hope you got all the doom and gloom presents you wanted for christmas because this pity party will be over. I do not believe we will have massive prosperity, things take time, they resonate in the back of people’s mind, spending will not return to 2005 levels until people start to forget. The real question is, where will the next bubble be? Where will the next technology explosion be? Will we get those 200 mpg equivalent cars? Will macrolane be approved by the FDA so women can get a J-lo butt or a boob job with just a shot and it wears off in a year or two, that might be the next bubble, pun intended.[/quote]
TG, I hope you are right. You are a glass 3/4 full sort of guy, which is a great characteristic to have. I just see things a bit different with the global economy right now and I believe we are far from a recovery. We still have so much crap that has yet to hit the fan, I just don’t know how it’s possible to foresee a recovery so soon.
I hope I revisit this post one day and say “That TG guy was a smart man”. My thoughts on Eugene won’t change :). I would much prefer to be proved wrong than right!!!
Participant[quote=Eugene][quote]Why just the mention of selective facts that give the impression that the worst is behind us? [/quote]
Because it is? Notwithstanding the fact that mortgage interest rates are 0.5% lower than they would’ve been if not for gov’t intervention…
BTW, if you’re confident that there will be a dollar collapse some time soon, you can probably make a lot of money in the futures market … I took a peek at forex futures and there is no indication of an upcoming dollar collapse there. Evidently, institutional forex traders are oblivious to the danger. Time to show those Wall Street types that they can be bested by a faithful Bloomberg reader.[/quote]
DWCAP, I appreciate your reply and completely understand your points. I think the issue goes far beyond the GDP and the many programs in place to boost consumer spending. We have a mess on our hands regardless of the few statistics shown. That is something that few can refute. Inside the box things look great, which seems to be where Eugene spends most of his time.
Eugene, that comment sounded like it had a little underlying cynicism. I don’t care what Bloomberg said, but I think the UN and Roubini tend to be an accurate source. Even if we forgot about the Roubini comments, the UN calling for a change to the reserve currency seems like an issue within itself. Wake up Eugene, Obama isn’t going to show up in his horse and carriage to pick you up anytime soon. This is the real deal my friend.
I don’t care what the Forex markets state in regards to futures. I do plenty of trading in the futures markets and playing with manipulated currencies isn’t the best bet. I find it so interesting that certain people like to play the devil’s advocate to the obvious.
Participant[quote=Eugene][quote]Why just the mention of selective facts that give the impression that the worst is behind us? [/quote]
Because it is? Notwithstanding the fact that mortgage interest rates are 0.5% lower than they would’ve been if not for gov’t intervention…
BTW, if you’re confident that there will be a dollar collapse some time soon, you can probably make a lot of money in the futures market … I took a peek at forex futures and there is no indication of an upcoming dollar collapse there. Evidently, institutional forex traders are oblivious to the danger. Time to show those Wall Street types that they can be bested by a faithful Bloomberg reader.[/quote]
DWCAP, I appreciate your reply and completely understand your points. I think the issue goes far beyond the GDP and the many programs in place to boost consumer spending. We have a mess on our hands regardless of the few statistics shown. That is something that few can refute. Inside the box things look great, which seems to be where Eugene spends most of his time.
Eugene, that comment sounded like it had a little underlying cynicism. I don’t care what Bloomberg said, but I think the UN and Roubini tend to be an accurate source. Even if we forgot about the Roubini comments, the UN calling for a change to the reserve currency seems like an issue within itself. Wake up Eugene, Obama isn’t going to show up in his horse and carriage to pick you up anytime soon. This is the real deal my friend.
I don’t care what the Forex markets state in regards to futures. I do plenty of trading in the futures markets and playing with manipulated currencies isn’t the best bet. I find it so interesting that certain people like to play the devil’s advocate to the obvious.
Participant[quote=Eugene][quote]Why just the mention of selective facts that give the impression that the worst is behind us? [/quote]
Because it is? Notwithstanding the fact that mortgage interest rates are 0.5% lower than they would’ve been if not for gov’t intervention…
BTW, if you’re confident that there will be a dollar collapse some time soon, you can probably make a lot of money in the futures market … I took a peek at forex futures and there is no indication of an upcoming dollar collapse there. Evidently, institutional forex traders are oblivious to the danger. Time to show those Wall Street types that they can be bested by a faithful Bloomberg reader.[/quote]
DWCAP, I appreciate your reply and completely understand your points. I think the issue goes far beyond the GDP and the many programs in place to boost consumer spending. We have a mess on our hands regardless of the few statistics shown. That is something that few can refute. Inside the box things look great, which seems to be where Eugene spends most of his time.
Eugene, that comment sounded like it had a little underlying cynicism. I don’t care what Bloomberg said, but I think the UN and Roubini tend to be an accurate source. Even if we forgot about the Roubini comments, the UN calling for a change to the reserve currency seems like an issue within itself. Wake up Eugene, Obama isn’t going to show up in his horse and carriage to pick you up anytime soon. This is the real deal my friend.
I don’t care what the Forex markets state in regards to futures. I do plenty of trading in the futures markets and playing with manipulated currencies isn’t the best bet. I find it so interesting that certain people like to play the devil’s advocate to the obvious.
Participant[quote=Eugene][quote]Why just the mention of selective facts that give the impression that the worst is behind us? [/quote]
Because it is? Notwithstanding the fact that mortgage interest rates are 0.5% lower than they would’ve been if not for gov’t intervention…
BTW, if you’re confident that there will be a dollar collapse some time soon, you can probably make a lot of money in the futures market … I took a peek at forex futures and there is no indication of an upcoming dollar collapse there. Evidently, institutional forex traders are oblivious to the danger. Time to show those Wall Street types that they can be bested by a faithful Bloomberg reader.[/quote]
DWCAP, I appreciate your reply and completely understand your points. I think the issue goes far beyond the GDP and the many programs in place to boost consumer spending. We have a mess on our hands regardless of the few statistics shown. That is something that few can refute. Inside the box things look great, which seems to be where Eugene spends most of his time.
Eugene, that comment sounded like it had a little underlying cynicism. I don’t care what Bloomberg said, but I think the UN and Roubini tend to be an accurate source. Even if we forgot about the Roubini comments, the UN calling for a change to the reserve currency seems like an issue within itself. Wake up Eugene, Obama isn’t going to show up in his horse and carriage to pick you up anytime soon. This is the real deal my friend.
I don’t care what the Forex markets state in regards to futures. I do plenty of trading in the futures markets and playing with manipulated currencies isn’t the best bet. I find it so interesting that certain people like to play the devil’s advocate to the obvious.
Participant[quote=Eugene][quote]Why just the mention of selective facts that give the impression that the worst is behind us? [/quote]
Because it is? Notwithstanding the fact that mortgage interest rates are 0.5% lower than they would’ve been if not for gov’t intervention…
BTW, if you’re confident that there will be a dollar collapse some time soon, you can probably make a lot of money in the futures market … I took a peek at forex futures and there is no indication of an upcoming dollar collapse there. Evidently, institutional forex traders are oblivious to the danger. Time to show those Wall Street types that they can be bested by a faithful Bloomberg reader.[/quote]
DWCAP, I appreciate your reply and completely understand your points. I think the issue goes far beyond the GDP and the many programs in place to boost consumer spending. We have a mess on our hands regardless of the few statistics shown. That is something that few can refute. Inside the box things look great, which seems to be where Eugene spends most of his time.
Eugene, that comment sounded like it had a little underlying cynicism. I don’t care what Bloomberg said, but I think the UN and Roubini tend to be an accurate source. Even if we forgot about the Roubini comments, the UN calling for a change to the reserve currency seems like an issue within itself. Wake up Eugene, Obama isn’t going to show up in his horse and carriage to pick you up anytime soon. This is the real deal my friend.
I don’t care what the Forex markets state in regards to futures. I do plenty of trading in the futures markets and playing with manipulated currencies isn’t the best bet. I find it so interesting that certain people like to play the devil’s advocate to the obvious.
Participant[quote=patb][quote=scaredycat]so what does it all mean? does this mean prices have to remain stable no matter what?[/quote]
I’d say it means the Feds now dominate mortgages which in many
respects means they control price and supply. if they don’t make
mortgages available prices fall. if they increase rules, prices fall.
if they release inventory prices fall.On the other hand the feds have a lot more hang time then a bank
so they can withhold inventory, print mortgages and choose prices.so far people are having a hard time documenting to meet FHA standards.[/quote]
This is old news Pat! They have been doing this for some time and won’t stop as they have plenty of vested interest in the banking system.
Controlled supply + low rates = uninformed buyers
Uncontrolled supply + higher rates = where we should be right nowParticipant[quote=patb][quote=scaredycat]so what does it all mean? does this mean prices have to remain stable no matter what?[/quote]
I’d say it means the Feds now dominate mortgages which in many
respects means they control price and supply. if they don’t make
mortgages available prices fall. if they increase rules, prices fall.
if they release inventory prices fall.On the other hand the feds have a lot more hang time then a bank
so they can withhold inventory, print mortgages and choose prices.so far people are having a hard time documenting to meet FHA standards.[/quote]
This is old news Pat! They have been doing this for some time and won’t stop as they have plenty of vested interest in the banking system.
Controlled supply + low rates = uninformed buyers
Uncontrolled supply + higher rates = where we should be right nowParticipant[quote=patb][quote=scaredycat]so what does it all mean? does this mean prices have to remain stable no matter what?[/quote]
I’d say it means the Feds now dominate mortgages which in many
respects means they control price and supply. if they don’t make
mortgages available prices fall. if they increase rules, prices fall.
if they release inventory prices fall.On the other hand the feds have a lot more hang time then a bank
so they can withhold inventory, print mortgages and choose prices.so far people are having a hard time documenting to meet FHA standards.[/quote]
This is old news Pat! They have been doing this for some time and won’t stop as they have plenty of vested interest in the banking system.
Controlled supply + low rates = uninformed buyers
Uncontrolled supply + higher rates = where we should be right nowParticipant[quote=patb][quote=scaredycat]so what does it all mean? does this mean prices have to remain stable no matter what?[/quote]
I’d say it means the Feds now dominate mortgages which in many
respects means they control price and supply. if they don’t make
mortgages available prices fall. if they increase rules, prices fall.
if they release inventory prices fall.On the other hand the feds have a lot more hang time then a bank
so they can withhold inventory, print mortgages and choose prices.so far people are having a hard time documenting to meet FHA standards.[/quote]
This is old news Pat! They have been doing this for some time and won’t stop as they have plenty of vested interest in the banking system.
Controlled supply + low rates = uninformed buyers
Uncontrolled supply + higher rates = where we should be right nowParticipant[quote=patb][quote=scaredycat]so what does it all mean? does this mean prices have to remain stable no matter what?[/quote]
I’d say it means the Feds now dominate mortgages which in many
respects means they control price and supply. if they don’t make
mortgages available prices fall. if they increase rules, prices fall.
if they release inventory prices fall.On the other hand the feds have a lot more hang time then a bank
so they can withhold inventory, print mortgages and choose prices.so far people are having a hard time documenting to meet FHA standards.[/quote]
This is old news Pat! They have been doing this for some time and won’t stop as they have plenty of vested interest in the banking system.
Controlled supply + low rates = uninformed buyers
Uncontrolled supply + higher rates = where we should be right now -
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