valid points for signaling a bottom in real estate
I don't think housing prices will fall much more at this point
I also think real estate is now being driven by local factors some markets will slowly thaw others may have years of inventory
I don't see a recovery in financials...
This is the biggest sucker bet ever
If you go long bonds you are piggybacking the U.S. gov which at some point will quietly end the quantitative easing policy and the slaughter will begin again. Its a trade based on fear on panic not on fundamentals.
How does lending the U.S. Gov money to...
Lets take it 1 by 1
Energy Initiative
Biggest Joke ever. Solar and Wind can at best comprise a small percentage of our energy needs.
The fact is until we discover dilithium crystals, or how to make cold fusion from yesterdays garbage. Oil is the king of effeciency
All this rah rah...
Money is out there its going to be redirected.
Cheap and frugal is the new thing.
I am still not seeing it a the malls, i find it ghostly slow.
But I agree, we are closer to a bottom and the western world is not going to end.
Nice Call.
Yield at 4.14 on 11/18
Today 12/4/08
Index Value: 3.103
Trade Time: 2:37PM ET
Change: 0.081 (2.54%)
Prev Close: 3.184
Open: 3.15
Day's Range: 3.07 - 3.175
52wk Range: 3.17 - 4.813
What's the signal to get out?
I will Follow...
I was on the outside when you said
You said you needed me
I was looking at myself
I was blind, I could not see
A boy tries hard to be a man
His mother takes him by his hand
If he stops to think he starts to cry
Oh why
If you walkaway, walkaway
I walkaway...
Its a european option and as such cannot be called in before expiration.
2019 and 2027
He got $4.8 billion upfront.
I love how people Monday Morning Quarterback, a man who has built and empire.
I would never take the other side of a trade if Warren Buffett was on it...
Economic Calculation Problem
http://en.wikipedia.org/wiki/Economic_calculation_problem
"without the information provided by market prices socialism lacks a method to rationally allocate resources"
The biggest difference between past crises is we never bet the governments solvency on bailing out private industries.
The government and the nation have never been in worse shape entering a crisis.
Even WWII when our debt hit 110% of GDP it was primarily domestic as it was financed by...
the problem with Friedman and the obama gang is they think the government can step in and just try harder and this will get fixed
This is a way of life crisis. You cannot fix a debt crisis with more debt.
This isn't 1929 or 1837. This is 2008 and the next 10 years may make the civil war...
I feel Barrack Obama and the Democratic Party is our Captain Smith
With the Iceberg that is U.S Debt only 500 yards ahead.
Barrack and gang are screaming.."Full Speed ahead"
Auto company's are proxy socialist work programs of the U.S. Government.
they have produced nothing of value in the last 30 years.
The only reason they have survived this long is easy money and they represent a key voting block.
Nothing will happen if they go bankrupt. They have...
The boomer generation has been a cancer on this world. I feel for my father born at the launch in 1946, the irony is he never did drugs, joined the U.S. military at 18 and he wasn't even born in this country.
You can add to list of garbage from Boomers, Dr. Phil, Oprah, Jerry Springer, MTV...