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but he was right that America was overlevering itself, and that the housing boom was a feedback loop that would burst.
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Originally posted by Serb:Please, remind me, how exactly and when exactly, Russia bullied its neighbors?
Originally posted by Ted Striker:Go Serb !
Originally posted by Pekka:If it was possible to capture the essentials of Sepultura in a dildo, I'd attach it to a bicycle and ride it up your azzes. -
At the time, I don't know that there was a housing boom. It never really got into full swing until 2003 or 2004 -- well after Roland left. Again, he might have been correct that the situation would tend toward a housing boom and bust.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
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Re: Bring on the bears!
Not if ...Originally posted by DanS
Good news for us young folks.
1) They lose their inheritance, or...
2) Their parents have to move in with them
Seriously though, is there an actual theory that a bear market is good? My finance knowledge is limited.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Originally posted by DanS
At the time, I don't know that there was a housing boom. It never really got into full swing until 2003 or 2004 -- well after Roland left. Again, he might have been correct that the situation would tend toward a housing boom and bust.
Re: Roland's forecasts
He forecasted that these things were going to happen much sooner.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Bad cut and past.Last edited by Dinner; August 21, 2008, 19:19.Try http://wordforge.net/index.php for discussion and debate.Comment
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I don't think you wanted to post that there.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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I accidently posted the cover page to my resume. I'm a job hopper but I'm currently applying to a government job and if I get it then wee doggie I'm set for life.Originally posted by Kidicious
I don't think you wanted to post that there.
The big problem is salaries are going up 15%-20% per year in geology but if you stay at one job then you're lucky to get a 10% raise. There is no reason to be making $70,000 instead of $85,000. Any way that was an accident.Try http://wordforge.net/index.php for discussion and debate.Comment
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That's the problem with most economists: they see problems and if they trade based on their predictions, they get wiped out.Originally posted by DanS
At the time, I don't know that there was a housing boom. It never really got into full swing until 2003 or 2004 -- well after Roland left. Again, he might have been correct that the situation would tend toward a housing boom and bust.
When the market finally recognizes the trouble and acts accordingly, they either lack the capital or the courage.Comment
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Now back to our regularly-scheduled bear market.
I'd really like to see some capitulation. We've seen so little of that so far.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
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Lehman looks like it's in the drink. Down by a third so far today.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
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Lehman closed down 45%. Unfortunately for the company, there's no weekend in sight to exit gracefully at the hands of the Fed. Tonight may be the night for a "Lehman Brothers Collapses" thread.
AIG lost 19%. Times certainly aren't normal.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
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Heard some rumors today that Lehman is close to announcing a voluntary takeover / merger. Private Equity capital will fuel the deal in combination with a publicly traded company."I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003Comment
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Well, it looks like those rumors were right. Lehman's going to be a much diminished company, if it survives. After its announcement today, the stock fell by another 7%.
Who's next to implode? Merrill Lynch? AIG? Wachovia?
If AIG is on deck, times could sure get interesting.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
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Wachovia is being extremely aggressive in their pricing right now. Over the last year or so, this has been the last gasp attempt by many lenders I have seen as they try to generate revenues to cover losses. Folks I know on the inside there tell me that the World Savings purchase has about finished them. World was the king of the Pay Option Arm (which is the stupidest loan I have EVER heard of for most borrowers).
Merrill's recapitilization efforts should keep them afloat for a while. I would imagine if it gets tough on them then they will take advantage of the discount window.
AIG has a lot of issues that I don't think we have seen just yet. They purchased deep into the subprime market. Stiill, they have some pretty hefty revenue sources that can offset a lot of losses and still stay solvent.
Of the three, my guess goes to Wachovia."I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003Comment
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