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July 24, 2007 at 5:04 PM in reply to: Record High Foreclosures in California: 17,408 in 2nd quarter vs 11K in first #67465July 24, 2007 at 5:04 PM in reply to: Record High Foreclosures in California: 17,408 in 2nd quarter vs 11K in first #67530
The-Shoveler
ParticipantNor_LA-Temcu-SD-Guy
The Union Tribune. “DataQuick reported on Tuesday that during the first half of 2007 San Diego County had 2,896 foreclosures compared to 445 during the first half of 2006, a 551 percent increase. Notices of default, the first step in the foreclosure process, totaled 8,314 for the first six months of 2007, compared to 3,311 in the same period last year, a 151 percent increase.”
July 24, 2007 at 4:50 PM in reply to: Record High Foreclosures in California: 17,408 in 2nd quarter vs 11K in first #67453ParticipantNor_LA-Temcu-SD-Guy
“The biggest jump was in counties like Merced, Riverside, etc.”
If I am not mistaken foreclosures are at record levels in SD
and OC as well.July 24, 2007 at 4:50 PM in reply to: Record High Foreclosures in California: 17,408 in 2nd quarter vs 11K in first #67518ParticipantNor_LA-Temcu-SD-Guy
“The biggest jump was in counties like Merced, Riverside, etc.”
If I am not mistaken foreclosures are at record levels in SD
and OC as well.July 24, 2007 at 4:29 PM in reply to: Record High Foreclosures in California: 17,408 in 2nd quarter vs 11K in first #67443ParticipantNor_LA-Temcu-SD-Guy
The interesting thing is that the NOD have not hit record levels set in 96 yet which I think indicates that more Defaults are ending in foreclosures.
This could get bumpy here, better strap everything down.
July 24, 2007 at 4:29 PM in reply to: Record High Foreclosures in California: 17,408 in 2nd quarter vs 11K in first #67509ParticipantNor_LA-Temcu-SD-Guy
The interesting thing is that the NOD have not hit record levels set in 96 yet which I think indicates that more Defaults are ending in foreclosures.
This could get bumpy here, better strap everything down.
ParticipantChris,
“strong trend in the markets”
What trend(s) do you see in the second half ???
I think the LBO stuff is almost dead as well now.
ParticipantChris,
“strong trend in the markets”
What trend(s) do you see in the second half ???
I think the LBO stuff is almost dead as well now.
Participant“Isnt there a direct correlation between the devaluation of the dollar and inflation?”
Only in the stuff you need to live, ie.. (Food, Gas, Health care, cost of buying a house etc…) But it’s not core !!! as Ben would say..
Participant“Isnt there a direct correlation between the devaluation of the dollar and inflation?”
Only in the stuff you need to live, ie.. (Food, Gas, Health care, cost of buying a house etc…) But it’s not core !!! as Ben would say..
ParticipantSpeaking of mortgages
Countrywide profit falls 33 pct, slashes outlook
Tuesday July 24, 8:27 am ETNEW YORK (Reuters) – Countrywide Financial Corp (NYSE:CFC – News), the largest U.S. mortgage lender, on Tuesday reported a 33 percent decline in second-quarter profit and slashed its full-year earnings forecast, citing a difficult housing market.
ParticipantSpeaking of mortgages
Countrywide profit falls 33 pct, slashes outlook
Tuesday July 24, 8:27 am ETNEW YORK (Reuters) – Countrywide Financial Corp (NYSE:CFC – News), the largest U.S. mortgage lender, on Tuesday reported a 33 percent decline in second-quarter profit and slashed its full-year earnings forecast, citing a difficult housing market.
ParticipantNor_LA-Temcu-SD-Guy
At some point I would think, the Fed will have to launch a defense of the dollar,
How ??? would they buy dollars (with what ???)
Would the raise interest rates and crash the economy ????
At this point they may as well raise interest rates , subprime is dead and houses are too expensive (at least in So-Cal) for the average (joe/jane) to buy at any interest rate anymore.
ParticipantNor_LA-Temcu-SD-Guy
At some point I would think, the Fed will have to launch a defense of the dollar,
How ??? would they buy dollars (with what ???)
Would the raise interest rates and crash the economy ????
At this point they may as well raise interest rates , subprime is dead and houses are too expensive (at least in So-Cal) for the average (joe/jane) to buy at any interest rate anymore.
July 20, 2007 at 6:21 AM in reply to: Is the liquidity tide finally rushing out of Wall Street? #66652ParticipantI still say the game is rigged, The boyz in NY just playing the small investor for all they can get.
I have been in the market in my 401K (just leave that on Auto pilot for the most part — at least until the boomers start to retire in mass) , but have been short a small amount on the qqqq’s . a loss but not a large one.
Waiting for an edge I am in control of (or at least more in control of) before I invest in anything.
If you cannot control the situation, they will try their best to burn you (you can be dead right about a company/Stock but if it’s in their “NYB’s” interest to move the stock one way or the other, your screwed). And then there are the enron’s out there.
anyway good luck to you.
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