Housing Data

thriftybob · May 16, 2007

I guess it wont surprise anyone here to find out that housing starts for may were 1.528 mm which was an 18% DECLINE from 1.849 mm last year, and that housing permits, ignoring the revised lie from last month were 1.429 mm which was a 28% DECLINE from 1.984 mm last year.

Don't you just love how they report vs last month instead of last year so the numbers don't look so bad?

stock_trad3r · May 16, 2007

not a big deal though

markets flat

thriftybob · May 16, 2007

No, because it means a rate cut sooner. The ripple effect is going to get uglier, though, whenever the "private equity" bubble gets targeted.

Wait till they load Chrysler up with debt, LOL.

SiSePuede! · May 16, 2007

Quote from thriftybob:

No, because it means a rate cut sooner. The ripple effect is going to get uglier, though, whenever the "private equity" bubble gets targeted.

Wait till they load Chrysler up with debt, LOL.

It won't matter...the ones packaging the deal get rich in fees...they don't give a fuck about Chrysler...just give them debt and get paid for finding them cheap debt. That's all it is. Easy money baby.

thriftybob · May 16, 2007

Yeah, I know, but I think the Fed will see the writing on the walls and change the rules when Chrysler gets leveraged up. They can't even afford to pay attention, let alone pay back loans.

Even *I* can see that.

stock_trad3r · May 16, 2007

too much analysis of a rather minor piece data

Comanche · May 16, 2007

Quote from stock_trad3r:

too much analysis of a rather minor piece data

You always say it is no big deal, it is minor information. I suppose you will finally think something is not so minor when you get a margin call.

loufah · May 16, 2007

Quote from nonlinear5:

According to your logic, if I am, let's say, an automaker, it's in my best interest to produce as few cars as possible, because it would limit the supply and drive the prices up. In fact, I might not produce any cars at all, or even buy back my own cars to corner the market. Fortunately, it doesn't work that way.

This works with the oil sector. News comes out that one of VLO's refineries is offline -> oil and gasoline spike up -> oil sector (including VLO) go up, too.

stock_trad3r · May 16, 2007

Quote from Comanche:

You always say it is no big deal, it is minor information. I suppose you will finally think something is not so minor when you get a margin call.

it would take an 87' type crash for me to enter margin call zone