The Rally

Quote from riskarb:

So they pause into a >.6% core. That's a positive? Where did you go to school, Guatemala? Yeah, man, you've got a convert. All is right with the World. Bread lines are a positive, free bread!
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what kind of bread are we talking here? wheat or white? cause if it ain't wheat, it ain't for me!


where is your >0.6% core coming from????? is that a forecast??
 
Quote from krazykarl:

all the more reason for the fed to pause - you think the fed wants to collapse the economy? c'mon, use your head for once....
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but all the articles and talking heads on television talk about a healthy economy with coporate profits surging. They are also talking about a goldilock economy with the housing drop already done.

haha
 
There are now two homes in my neighborhood that are in forclosure with 1:1 equity:loan value. I am talking about homes valued at $2mm with a mil in equity... and they're walking away from their IOs. Understand the severity of the situation: a guy making $250k minimum cannot meet basic obligations on his IO and revolvers, thereby walking away from $800k to a mil.
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Why do I find that hard to believe? Anyone can get a home equity loan or line of credit with that much equity. Anyone in that kind of situation would be better off doing that and using one loan to pay off another. Sure, you piss away equity. But slowly pissing it away is better than tossing it all away in one fell swoop.

-Raystonn
 
Quote from krazykarl:

what kind of bread are we talking here? wheat or white? cause if it ain't wheat, it ain't for me!


where is you >0.6% core coming from????? is that a forecast??
More...

Meanwhile, the core producer price index, which excludes food and energy costs, rose a surprising 0.6%, the most since January 2005, as the prices of motor vehicles jumped at the fastest rate in more than 15 years.

A year ago you couldn't buy a laptop in their store, no stock. Now the kids are tapping store flyers like the immigrants in LV touting porno shops on the strip.
 
Quote from krazykarl:

what kind of bread are we talking here? wheat or white? cause if it ain't wheat, it ain't for me!


where is you >0.6% core coming from????? is that a forecast??
More...

0.6% was the core today at 8:30am.
 
Quote from Raystonn:

Why do I find that hard to believe? Anyone can get a home equity loan or line of credit with that much equity. Anyone in that kind of situation would be better off doing that and using one loan to pay off another. Sure, you piss away equity. But slowly pissing it away is better than tossing it all away in one fell swoop.

-Raystonn
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He tapped his equity with a heloc. I neglected to mention that fact.
 
Quote from S2007S:

Colorado topped the list with 4,485 foreclosures.
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We have a family friend who lives in Breckenridge. He's a commercial RE developer and says the FC rate will top 10k by year's end.
 
Let me ask a serious question to everyone on this thread. Are you guys really trading off fundamentals are are you guys just bored and instead of talking about the great comeback win yesterday by the Bears over the Cards, you are bickering over economic data? LOL. Seriously, I have a hard time believing in this attention deficit order society of ours that lives minute to minute or second to second, you guys (both the bulls and the bears) are trading off of long far reaching economic data. :p
 
Quote from riskarb:

We have a family friend who lives in Breckenridge. He's a commercial RE developer and says the FC rate will top 10k by year's end.
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incredible. Foreclosures are going to skyrocket.
 
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