Recent content by prt_systems

You can live very well and not be one step away from BK. Unfortunately most people live highly leveraged. They dont see it as a problem. Funny thing though ... those people with extreme leverage seem to come and go while the folks that live comfortably using sensible fiscal discipline seem to...

Well.... the whole business is annoying and pompous... I didn't see him that way. His witt and humour and skill in summarizing the weekly financial activity was unmatched. Wall Street Week was a great show and Louis Rukeyser was a great writer and host. Somehow, no matter how crazy the...

I have nothing in $soft nor would I long term. From a fundamental standpoint I view them as a sell .....

Yes well the history of the united states is that it is a nation of immigrants. So, at some point we need to ask if that tradition is going to be abandoned. The fact is that we have allowed employers in the US to become dependent upon cheap labor - in some cases below the minimum wage - in...

Well, I think all this is fueled by the fact that there are many many people that make their profits on the back of illegals or just low-wage workers. These people really dont care who does the work: they only care that it gets done at a low wage so that they can make a profit - and in some...

Yes, well ... a lot of it is hype. If you repeat a claim frequently and over time, the claim eventually becomes accepted as fact. Someone else made the statement that programming contests and the like are very impressive ... much like pie eating contests ... and with that statement I will...

You know things are truly absurd when a trailer in signal hill is selling for 600K +. A business associates house in Long beach more than tripled in value since 1998 ... this is for a bungalow. Palm springs, Orange county, LA county, and the bay area counties - san mateo, santa clara etc are...

....actually in many cases it already has ..

I can confirm your statement: One of my ventures deals with this data. The situation has changed in magnitude over the years but basically the largest dollar value of defaults is largest amongst the overleveraged higher income borrowers. Modest wage earners are the group with the lowest...

Yes. Its not a problem only for individuals but also for business. I can't get people to move to southern or northern california because of the housing prices and my company is not large enough to offer picking up the difference in housing price from other parts of the country - although very...

Yup. Know them well .... I helped them with their IPO. Stock went to 70 or 80 a share after initial pricing of around 15 or so - I think it opened in the high teens or around 20. ,,,, at some point it went sub 1.00 and got delisted and onto the sheets .... Few if any of the original people...

...Sacramento area is definitely in correction..... LA will be next (already has started there in the luxury market).

Even boise has had a gigantic runup ... Ever been to boise ? There are about 4 or 5 major employers ... thats it.... its in the middle of nowhere..... Nice homes there have runup to 300K to even 400K ... in BOISE ! Boise certainly re-enforces the notion of a speculative bubble in real estate...

California has a huge problem that it can only solve by a re-adjustment in real estate. Bay area and Southern California professional jobs can not support the current housing price runup. As interest rates rise - or even stagnate - housing prices in these areas will adjust down: the areas simply...

And this is as it should be ...... anything in the portfolio that is not at least cash flow neutral - after EVERYTHING is included in the equation - better have an exceptional reason for being there .......