Tweet
Thanks, OMT. 
-
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891 -
Report today that foreclosures in the US were up 36% in August over July.
In August, a full 0.6% of households were foreclosed in Nevada.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
Shares in all the big lenders bounced back here today as the crisis begins to subside. Rumours of a Lloyds takeover for NR too. Man I love being right.
Comment
-
Yellow card!
Claiming victory before the game has even been played.
In a half year or so, we'll see where the real estate prices land.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
After one day of trading you conclude the turmoil in the money market isn't going to lead to a tightening of mortgage-lending?DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
Hehe ok - I will accept a bump in six months to put the icing on the cake.Originally posted by DanS
Yellow card!
Claiming victory before the game has even been played.
In a half year or so, we'll see where the real estate prices land.
And I managed to wind Colon up I see.
Comment
-
That's no accomplishment. Somebody has to be Roland. Wind him up, and you had a treatise on your hands.Last edited by DanS; September 18, 2007, 12:16.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
Coincidence?
'Dead' Man Wakes Up Under Autopsy Knife
1/2 point on both the Fed Funds and Discount rates.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
-
Yes, one full of incredibly poor economics.Originally posted by DanS
That's no accomplishment. Somebody has to be Roland. Wind him up, and you had a treatise on your hands.
Comment
-
DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
Originally posted by DrSpike
That's not the question: markets are pretty resilient to ebbs and flows of liquidity and you have to believe more than the above to set alarm bells ringing- i.e that other lenders will face Northern Rock type symptoms and there will be repercussions for the wider housing market.
I do not think either is true. You do. Let's bump this thread in a month or six and see.
Comment
-
You keep that let's see in 6-months crap to DanS. By that time the central banks may wel have acted and succeeded to restore liquidity.
My stance is pretty simple: the interbank market affects lenders, and thus the rates they lend at. Do you agree or not?DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
Hehe I'm not letting you get away with that - factoring in the probable central bank response has to be part of any meaningful forecast.
The simple fact is I posted my views, and you quite clearly disputed them and the reasoning, as is your right. And we will see, in one month or six, it doesn't matter.Comment
-
Of course the central bank is a factor is this, as there are many other factors that affect asset-prices, which is exactly why it's ridiculous to bring up such a let's see argument.Originally posted by DrSpike
Hehe I'm not letting you get away with that - factoring in the probable central bank response has to be part of any meaningful forecast.
I wonder if you even understand what I'm disputing. I'm saying the squeeze in short-term debt leads to dearer long-term debt. The influence of the former on the latter isn't something that takes place in 6 months. It's something that's happening now.The simple fact is I posted my views, and you quite clearly disputed them and the reasoning, as is your right. And we will see, in one month or six, it doesn't matter.
Your broader stance seems to be that the UK housing market will stay strong and no other UK mortgage will tumble down, which is fair enough. You just brought up a loony argument support it, namely that the interbank market doesn't affect lenders. Instead of just admitting that was wrong, you just keep dancing around the hot potato.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
-
Repeatedly addressed - the question is not whether developments in interbank lending affect in some ill-defined capacity the other high street lenders, it is whether this will have any real implications in practice for them, their customers, or for the UK housing market:
Originally posted by Colon
This is the interbank market we're talking about. Financial firms are unwilling to lend to one another. Saying it doesn't affect lenders is like saying global warming doesn't affect the weather.And since you now seem to agree with my views....Originally posted by DrSpike
That's not the question: markets are pretty resilient to ebbs and flows of liquidity and you have to believe more than the above to set alarm bells ringing- i.e that other lenders will face Northern Rock type symptoms and there will be repercussions for the wider housing market.
I do not think either is true. You do. Let's bump this thread in a month or six and see.
....my work here would seem to be done.Originally posted by Colon
Your broader stance seems to be that the UK housing market will stay strong and no other UK mortgage will tumble down, which is fair enough.
Comment
Comment