Search results

Dude who bought it is some 28 year old Richie Rich who took over Daddy's company after Daddy got sent away to jail. He probably bought it for no other reason than to move up to a better class of poon-tang. Fortunately, he's young. If he's lucky that building might be worth its purchase...

BAC and C are options now, nothing more. That $9 you're paying for BAC or $4.50 for C is just option premium.

BS. The money is gone, evaporated, poof. That's why you've got billionaires jumping in front of trains.

edited to say: I'm referring to harkm's post above. They did it for the same reasons politicians are doing inane stuff today ... they're in a panic. My point is that bad policy, large debts, and massive devaluations don't necessarily lead to a collapse in gov't bond prices...

In 1933, FDR devalued the $ from $20.67/oz. to $35/oz. A 75% devaluation overnight! Bond yields fell and continued to fall for the next decade.

I remember that Japan had a bond auction in the late 90s that nobody showed up for - 10 year jgb was yielding about 2% at the time. All the JGB bears leapt for joy. 5 years later, JGBs were yielding 0.43%. 10 years later, JGBs are still below 2%. The US tried every trick in the book to...

TBT is all over the blogoshpere and in newsletters everywhere ... its a very crowded trade right now.

I'm half joking and half serious here, but if politicians really want to help INDIVIDUALS, why doesn't BO and Congress pass this law: As of FEB 1, 2009, all residential mortgages will have a zero lopped off the end. If you mortgage was $500K, it is now $50K, $100K is now $10K, $1M is now...

Not that hilarious. The US and UK are throwing obscene amounts of money at everything. If we're going to just change the rules for everything in the middle of the game, let's get serious and just pay off everyone's mortgage and start over.

The BO administration wants things as bad as possible prior to Jan 20. I'm sure they're looking over the shoulder of the Dept of Labor right now to make sure the number prints as bad as possible.

excellent article. thanks!

If the market doesn't get slammed for 5% between today and Friday's report, expect the usual asshats to be out and about claiming the news is baked in.

His wife looks like a freak. Dyed blond hair and a plastic face.

More pics of the wife please:cool:

Might help the new purchase market a bit, but refi's not so much. Serious appraisals will be done and many won't come in high enough to pay off the existing mortgage at 80% LTV. Also, credit will need to be perfect and self-employed need not apply.

Need subscription to view ...:mad:

Put me in the camp that doesn't buy what you are saying. Are you saying that the $150K property you just purchased rents for $3K/month???? That's just not believable.

Link and pics please. Sounds cheap even for Florida, unless its in the hood.

Once again, I'd like someone to explain why the American experience (as far as bond prices) for the next decade will be different from the Japanese experience of the last decade. Japan kept rates at zero for years, threw in quantitative easing, and had massive public works projects and the...

Japan has been doing the same thing for a decade and their "adsurdly" priced bond market has gotten even pricier. Folks have been calling for a bursting of the JGB "bubble" since Obama was an undergrad. Hasn't happened yet. I'm not saying I disagree with you. I'm sure shorting US gov't...