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i've been saying this for weeks now. Thank you for the numbers. where can I read more in depth into the numbers? Are we really talking a 3-5% loss??

Good luck with your longs, why try to catch a falling knife? The best trades are the ones you never take....

Exactly. Supply and demand. There is such a high demand that it's driving prices higher and yields lower--Eco 101.

lololololol.. I remember when I blew up my first FX account.. I was on over a gram of test a week and it wasn't pretty, very similar to this but with a lot more rage. Great vid, thanks for posting!

Can we please consolidate tyese 'black __day' threads into one? This is getting ridiculous. We're in a bear market, down days are going to be the norm.

time to get back in the game!!! all I sold was the MTA Option ARM w/ 3.75yspd. :)

I have some excellent study material that makes it almost too easy. For free of course, I like to help other's out. :)

Remember there's fed's rate, then the banks have to make a profit too now. I do think that mortgage rates will lower but they will lag behind quite a bit due to the tremendous losses they are writing off (and will continue to writeoff on CCs). IOW spreads will actually widen temporarily...

That is what it seems, but think of it like this. If you have all this available credit yet you are responsible enough to not use it, you must be a low default risk and thus you score higher.

Use your credit cards AT LEAST once every 6 months, even if you fill up your tank once(of course be sure to pay the bill on time). Keep them active, the longer an account is in good standing the higher your score goes. Account age is VERY important. Don't EVER close an account!!!!

Go to www.7stepsto720.com and sign up for free so you can access the forms to challenge debts. Even if you did apply for a debt chances are the debtor will not respond in time and the debt will be removed from your credit. I want to make this perfectly clear, I am not selling anything, I...

The changes are going to take even MORE consideration in the utilization rates. The mean credit score in the US will lower 50-60pts on this recalculation.

SOME credit limit increases are not reported. The algorithm that makes up your FICO takes into consideration your utilization rate. The reason credit limits aren't reported is because when your credit limit gets updated the credit agencies SELL YOUR INFO to other CC companies. That's right...

Our debt will be worthless b/c we are bankrupt. There will be hundreds of billions of dollars in bond defaults coming up. $9trln right now 11.5% rates will mean >$1trln in interest alone on our debt....

I am a former a Mortgage Broker and due to the tremendous size of the Subprime Market I worked with several Credit Repair companies and attended numerous credit repair seminars and have helped hundreds of people improve their credit scores several hundred points. I wish to share this...

Akin to giving a crackhead another hit..

It's different this time. We can't afford to see rates in the mid teens, our debt is too high.

*Pres Bush hands off to Paulson up the middle*

Excellent commentary. My only problem is that our national debt is financed in [short-term] treasury bills. What are we going to do to stop this inflation? The only way to slow inflation is to tighten monetary policy--raise rates. What happens when we are paying $1+trillion in interest on...

LOL.. You know when something is better left unsaid because mentioning it ruins the fun of the inside joke? yeah, this is one of them.