Comments for "CRE: 'Half Off' Sale for Boston’s John Hancock Tower"
giacutter says:
But I have it on good authority that real estate in Manhattan WILL NEVER go down.
Or at least that's what they said until last year.
giacutter Mon Mar 30 10:06:09 2009 CDT #
Nemo says:
What happens when your entire economy is "pro forma"?
Nemo Mon Mar 30 10:06:35 2009 CDT #
nades says:
I spoke with someone at BXP a while ago and he said that there wasnt much new space coming on line so the CRE in Boston wouldn't get hurt. I guess leverage is as big a bitch as excess supply....
nades Mon Mar 30 10:09:22 2009 CDT #
giacutter says:
It looks like the pro forma here was for magical fairies to come with rent checks and gum drops, rather than the reality of layoffs and overcapacity.
Reality can really suck sometimes.
giacutter Mon Mar 30 10:09:45 2009 CDT #
Angry Saver says:
The Bloomberg story is misleading. Additional real estate aquired with the Hancock building was flipped by Broadway.
Hancock is still a money loser, but not a 50% lose - yet.
Angry Saver Mon Mar 30 10:10:26 2009 CDT #
nixon says:
The final end of the Harvard elite.
nixon Mon Mar 30 10:11:24 2009 CDT #
Angry Saver says:
Most of the jobs in the U.S. are unncessary and counterproductive. Once you accept THAT premise, it's an extremely short step to accept that we have WAY too much commercial real estate.
Hit the bid.
Angry Saver Mon Mar 30 10:12:42 2009 CDT #
Sol says:
The old saying is as true today as it was yesterday, as applied to the John Hancock building - "watch out below".
Sol Mon Mar 30 10:13:39 2009 CDT #
nades says:
LOL!
Parent Post
nades Mon Mar 30 10:15:04 2009 CDT #
Comrade Elmer Fudd says:
and kermit isn't coming out to play today
Comrade Elmer Fudd Mon Mar 30 10:15:48 2009 CDT #
Blackhalo says:
I thought Mr. Market was pleased with "The Plan." What event changed his mind?
Parent Post
Blackhalo Mon Mar 30 10:17:08 2009 CDT #
Anonymous says:
What's going on with the FED long term treasury purchase today? TBT is currently spiking.
Anonymous Mon Mar 30 10:17:24 2009 CDT #
Anonymous says:
Obama addressing the nation on the auto restructuring plan:
I get the feeling that he does not understand what he is reading off the teleprompter.
Anonymous Mon Mar 30 10:18:58 2009 CDT #
debtinator says:
Shouldn't the RE bust have happened 10-15 years ago? 2.1 kids per couple is not a green light to bulldoze every swamp with 200 miles of a metropolitan area. "The demographics are good" mantra from the developers turned out to be a lie. And now we're surprised? Please, let the market solve this. The developers lose. TFB.
debtinator Mon Mar 30 10:19:22 2009 CDT #
Cinco-X says:
No one counted on baby boomers retiring, and now it looks like we may not be able to do so.
Parent Post
Cinco-X Mon Mar 30 10:33:13 2009 CDT #
Angry Saver says:
The U.S. eCONomy needs to clear away massive amounts of unproductive debt that are weighing us down.
Obama is clearly totally beholden to the finance industry. Boo on BHO.
Angry Saver Mon Mar 30 10:19:34 2009 CDT #
Tim waiting for 2012 says:
Teleprompter in Chief used the word "bankruptcy". I know what a bailout is but whats a bankruptcy?
Government will stand behind GM/Chrysler warranties.
Tim waiting for 2012 Mon Mar 30 10:20:11 2009 CDT #
Mannwich says:
Got SRS?
Mannwich Mon Mar 30 10:20:21 2009 CDT #
Tim waiting for 2012 says:
Wonderful Goverment will spend lots of money to buy lots of shiny new cars. At least someone will ride in style.
Tim waiting for 2012 Mon Mar 30 10:21:12 2009 CDT #
krid says:
Can someone help me with the kermit references
Sincerely,
An outsider
krid Mon Mar 30 10:21:40 2009 CDT #
Anonymous says:
Obama: "starting today the United States Government will stand behind your car warranty"
Anonymous Mon Mar 30 10:21:54 2009 CDT #
Tim waiting for 2012 says:
@Manwich those SRS/SKF are crap intruments to hold long term as long as you have an exit strategy....
Tim waiting for 2012 Mon Mar 30 10:22:06 2009 CDT #
Dead_Monkey_Bounce says:
The JH thing isn't that shocking. Every proposal to build a new tall building here in the last 5 years seems to have failed based on the solvency of the developer and the space already available. Stands to reason that this would extend to existing property.
Dead_Monkey_Bounce Mon Mar 30 10:22:50 2009 CDT #
Basel Too says:
just expand the FHA or PPIP to include consumer purchases of automobiles. 3% down, non-recourse loans. never mind the depreciation. automobile prices only go up!
Basel Too Mon Mar 30 10:22:55 2009 CDT #
Tim waiting for 2012 says:
Dept of Mr. Goodwrench
Tim waiting for 2012 Mon Mar 30 10:23:36 2009 CDT #
Dead_Monkey_Bounce says:
Krid:
Kermit is green, Elmo is red. When the market is up, the number is in green, and when it is down, the number is in red. Up=Kermit Down=Elmo
Dead_Monkey_Bounce Mon Mar 30 10:23:39 2009 CDT #
krid says:
We just celebrated my son's 2nd birthday... the theme was Elmo. We read Elmo books almost every night. Somehow I feel like this whole mess might be my fault.
Does that mean I can ask for bailout money?
Parent Post
krid Mon Mar 30 10:26:52 2009 CDT #
nades says:
DMB thanks. I didnt know what it was either... ;)
Parent Post
nades Mon Mar 30 10:30:43 2009 CDT #
Lobbyi$t Ben Dover says:
Could a group of unemployed auto workers get a 3% down FHA buy it?
Lobbyi$t Ben Dover Mon Mar 30 10:23:43 2009 CDT #
Tim waiting for 2012 says:
Teleprompter in Chief... right hand shakes workers hand left hand takes money from banks
Tim waiting for 2012 Mon Mar 30 10:25:16 2009 CDT #
Dead_Monkey_Bounce says:
More clarification on who Kermit and Elmo are: http://www.youtube.com/watch?v=lhv1h3V8Nz4
Dead_Monkey_Bounce Mon Mar 30 10:26:03 2009 CDT #
JimPortlandOR says:
Wow! Obama just announced that the Fed. gov't will stand behind US auto warrantees in the case of failure of the companies.
We're in the auto biz!
JimPortlandOR Mon Mar 30 10:29:00 2009 CDT #
nades says:
We're a "Bail-out Nation" ht Barry R.
Parent Post
nades Mon Mar 30 10:32:07 2009 CDT #
Cinco-X says:
Actually, this is one aspect of the bailout that could make money in the long haul. Warranty business are often outsourced as a profit center.
Parent Post
Cinco-X Mon Mar 30 10:37:53 2009 CDT #
NateTG says:
"What's going on with the FED long term treasury purchase today? TBT is currently spiking."
Since treasuries are considered cash equivalent, TBT is negatively correlated with risk apetite. When peopl are panicing it goes up.
NateTG Mon Mar 30 10:29:01 2009 CDT #
That\'s Ballgame, Goat Herders says:
WASHINGTON (AP) - President Barack Obama says the federal government is preparing to offer several incentives to get Americans to buy more U.S.-made cars. ¶
In a White House speech, Obama said the IRS will start notifying consumers who purchased cars after Feb. 16 that they can deduct the cost of any sales and excise taxes. The program would remain in effect till year’s end. ¶
Obama says he wants to work with Congress to use parts of the economic stimulus package to fund a program that would allow consumers to get a "generous credit" when they replace an older, less fuel-efficient car and buy a new, cleaner car. ¶
The president says he wants to make the program retroactive starting Monday. It’s meant to boost car sales in the U.S., which have seen their worst decline in 27 years. ¶
Obama also said the government will guarantee warranties on any GM or Chrysler vehicles. ¶
That\'s Ballgame, Goat Herders Mon Mar 30 10:31:27 2009 CDT #
krid says:
Ha... now I'm sure it's my fault. My son recently knocked my speakers onto the ground while we were watching... you guessed it, Elmo videos on YouTube. The edge of the speaker clipped the power cord and now my speakers don't work. Now I can't hear the clip that you just linked (though I know the bit all too well). I hope he has a good sense of humor when he and I go hunting for deer to put food on the table in post apocalyptic America and I tell him that it's all his fault.
krid Mon Mar 30 10:32:06 2009 CDT #
debtinator says:
Prediction: senior management will loot the ruins the of auto industry, taxpayers will pay for warranties and pensions.
This is AIG redux.
debtinator Mon Mar 30 10:32:43 2009 CDT #
Mannwich says:
@Tim: I don't hold them long term. I trade in and out.
Mannwich Mon Mar 30 10:32:58 2009 CDT #
Yoringe says:
on what debt did russia default again`98?? 40 billion?? hahaha....
Yoringe Mon Mar 30 10:34:50 2009 CDT #
Interesting Times says:
GM's most sucessful car will be called "The Pony"
Interesting Times Mon Mar 30 10:34:51 2009 CDT #
That\'s Ballgame, Goat Herders says:
300-spot for Elmo
That\'s Ballgame, Goat Herders Mon Mar 30 10:34:58 2009 CDT #
shill says:
One of the local Millionairs here in the area whom I have broken bread with is bidding on that building.
shill Mon Mar 30 10:35:32 2009 CDT #
ATM card and $19 in the bank says:
Re: Teleprompter, TOTUS, etc
Weak sauce. Teapot O-Dome-a is much more fitting.
ATM card and $19 in the bank Mon Mar 30 10:36:14 2009 CDT #
Outsider says:
Let's see what happens when this building DOES go for bid tomorrow. Maybe there will be a surprise.
Someone please remind us if we forget.
Outsider Mon Mar 30 10:36:21 2009 CDT #
Basel Too says:
there are going to be a lot of institutional investors that are going to be rushing for the sidelines before the end of quarter. better to lock in gains from the bear market rally now, then wait to see what develops the next couple of days.
Basel Too Mon Mar 30 10:36:35 2009 CDT #
Anak says:
Boston's different . . . . Been a while since we've seen ipodius in these parts. Doesn't deign to play anymore.
Have not looked recently, but those olde tyme posts are sure to reveal some real thigh slappers. That said, just about everybody's going to be going through some mindbenders before this is up, and afterwards, we can swap stories around the 55 gallon drum.
Anak Mon Mar 30 10:37:01 2009 CDT #
Anonymous says:
I'm have some brake problems with my '69 GTO - do you think that will be covered under Obama's warranty plan?
Anonymous Mon Mar 30 10:38:49 2009 CDT #
Mr. Beach says:
Car warranties?
Taxpayers are now on the hook for car guarantees? Wow. Amazing.
I suppose if we once paid for $500 toilet seats and paid out hundreds of billions to bankers, we can offer to pay for my neigbor's busted transmission.
I'm cool with it.
Anyone else need something? My bank account is open to you.
Mr. Beach Mon Mar 30 10:39:56 2009 CDT #
NateTG says:
"Actually, this is one aspect of the bailout that could make money in the long haul. Warranty business are often outsourced as a profit center."
Right, but GM/Chrysler may have already collected the payments for those warranties.
NateTG Mon Mar 30 10:39:57 2009 CDT #
Cinco-X says:
If GM/Cerebus had already sold that aspect of the business, why would the govt. worry about it? Just extending hope before yanking the rug out, or perhaps trying to keep the floor from falling out from under them before being prepackaged?
Parent Post
Cinco-X Mon Mar 30 10:46:43 2009 CDT #
Anonymous says:
zero hedge sez be wary of anyone that claims housing prices have bottomed...
http://1.bp.blogspot.com/_FM71j6-VkNE/SdDXJMwWe_I/AAAAAAAABnI/ThejJhoO7Tg/s1600-h/MSA+decline.JPG
Anonymous Mon Mar 30 10:40:58 2009 CDT #
Comrade Elmer Fudd says:
sounds like the GM car marques will undergo deflation
Comrade Elmer Fudd Mon Mar 30 10:41:23 2009 CDT #
Lobbyi$t Ben Dover says:
Obamas orxymoron desires of a cleaner car with higher fuel milage will only add more pressure of failure on the auto industry.
Lobbyi$t Ben Dover Mon Mar 30 10:41:48 2009 CDT #
Anonymous says:
can i get my personal debt marked to market as I perceive the market?
Anonymous Mon Mar 30 10:42:03 2009 CDT #
nova says:
If the US Gov goes into backing those warranties you bunch of sourpusses - Why, it is good. Think jobs. A new agency of 13K supervising a 4 regional auto repair and warranty service. Maybe all cars will have to be driven to Detroit to be fixed! Save my city of birth!
nova Mon Mar 30 10:42:08 2009 CDT #
Cinco-X says:
It'll probably be outsourced to Mexico. Sorry 'bou that....
Parent Post
Cinco-X Mon Mar 30 10:48:39 2009 CDT #
LAM says:
Last minute change... Pres Obama claims government will warranty GM and Chyrsler vechicles.
First the bailout, then buy'em now we fix'em
This is becoming uglier by the day....
Next back stop, my 401K and Death Insurance policy and what about my new washing machine!
LAM Mon Mar 30 10:42:35 2009 CDT #
bearly says:
So, WTF happens to all the CDS in a GM and Chrysler BK ? A chain reaction ?
bearly Mon Mar 30 10:42:40 2009 CDT #
Cinco-X says:
If the DJIA drops below 6k this week, then the answer is probably yes-
Parent Post
Cinco-X Mon Mar 30 10:49:40 2009 CDT #
Blackhalo says:
"So, WTF happens to all the CDS in a GM and Chrysler BK ? A chain reaction ?"
Is that not why Paulson and Timmy G. have been playing whack-a-mole since Lehman? At some point, some conterparty is going to go BK and the hundred trillion ponzi comes down? Even if all counter-parties were whole, the unwind would pull "assets" off of ballance sheets and send the big banks in to BK.
They have had 6 mos. to evaluate the scope of this mess and I have seen no sign that TPTB have a grasp of it. It would appear that they are just going to have the Fed/Treasury cut a check, but that has it's own inflationary implications. It would appear that they are caught between everything going BK or inflationary defalt. For now, it appears they are trying to keep buying time, but it would take years and a some point, someone will slip up.
Parent Post
Blackhalo Mon Mar 30 10:56:03 2009 CDT #
Blackhalo says:
"GM/Chrysler may have already collected the payments for those warranties."
Right. Shareholders/Management get the revenue, taxpayer gets the liabilities. I can't see the motivation for this action unless it is wrapped up in a CDS somewhere.
Blackhalo Mon Mar 30 10:43:17 2009 CDT #
Guest says:
No one counted on baby boomers retiring, and now it looks like we may not be able to do so.
LOL Yes plus the money you already have "saved" is rapidly being eaten. The government cannot create only take what exists.
Guest Mon Mar 30 10:43:31 2009 CDT #
Max says:
A new agency of 13K supervising a 4 regional auto repair and warranty service.
http://videoshare.bigupload.com/view/1363/the-simpsons-irs-burger/
Max Mon Mar 30 10:44:03 2009 CDT #
nova says:
We must back the Bama all the way to the Georgia sea! Roll Crimson Tide!
Will they do leased cars maintenance?
They going to BK them both!
nova Mon Mar 30 10:45:53 2009 CDT #
Cinco-X says:
"Roll Crimson Tide! "
Now y'er talkin'. My home state and my home team. Too bad about the end of the season this year, but it was supposed to be a rebuilding year, and they did so much more. Of course, we're still lookin' for a title. 1992 was a long time ago....
Parent Post
Cinco-X Mon Mar 30 10:52:19 2009 CDT #
MaryAnn says:
Is it really true, Wallstreet being renamed to Welfare Street and all mail being redirected to the US Tresuary?
MaryAnn Mon Mar 30 10:46:07 2009 CDT #
Comrade Elmer Fudd says:
since the cars will be the gated retirement communities for the retiring boomers, maybe the guv should outfit them all with $500 toilet seats
Comrade Elmer Fudd Mon Mar 30 10:46:29 2009 CDT #
Cinco-X says:
Sounds about right, as long as it's attached to a incinerating toilet. Maybe that could run off exhaust heat!?
Parent Post
Cinco-X Mon Mar 30 10:53:38 2009 CDT #
duke of con dao says:
Google to offer free music downloads in China.
http://www.nytimes.com/2009/03/31/technology/companies/31music.html?hp
guess Baidu are the kickin' some Google buttski... in the aticle it's estimated that 99% of downloads in China are illegal... in all my travels in the region I'd like to meet just 1 representative of that 1% group! - must be a rounding error...
duke of con dao Mon Mar 30 10:46:35 2009 CDT #
CRbot says:
The Latest from Ritholz:
Financial Institutions, Market Cap, 1999-2009
CRbot Mon Mar 30 10:47:06 2009 CDT #
Mr. Beach says:
Here is an idea: the auto industry is full of geniuses.
They saw the writing on the wall and ran into the arms of the government.
There clearly won't be enough lifeboats (capital & political will) for all failing industries. So the first few get the best deals (bankers and autos). Eventually as others arrive with their arms out, the offers will get less and less generous.
Insurance? Munis? Retail? Energy? Pensions?
Mr. Beach Mon Mar 30 10:47:17 2009 CDT #
shill says:
http://www.youtube.com/watch?v=KYnJiiLGwjY
I don't favor violence, or illegal activity, but I'm just calling it like I see it.
shill Mon Mar 30 10:47:20 2009 CDT #
That\'s Ballgame, Goat Herders says:
Did anyone see the two-page, full-color Harley Davidson advertisement in Sunday's New York Times? .... Shaped like a flag. Text indicating that it's time to roll up our sleeves with American ingenuity and fight through thus.
The tag line at the bottom: "Screw it. Let's ride."
I am laughing my ass off at it.
That\'s Ballgame, Goat Herders Mon Mar 30 10:47:31 2009 CDT #
Magical Thinking says:
Forbes Thought quote of the day:
"I believe that the power to make money is a gift from God."
Good things happen to Good People
Get those self righteous God like people in here ! Where's Werner he can explain it? By the way your region has always suffered from land lock frustration bringing on port and coastal envy resulting in a propensity to use various folklore to rationalize your aggression.
Stop and think:
Good things do happen to Bad people
AND
Bad things do happen to Good people
Sorry Jas, my teachers were never THAT entertaining.
Magical Thinking Mon Mar 30 10:47:34 2009 CDT #
Cinco-X says:
Werner heard they were blonde haired and blue eyed, and assumed they were members of the master race-
Parent Post
Cinco-X Mon Mar 30 10:55:51 2009 CDT #
nova says:
No, they are ok. Still time to be first in line at the the U-haul place down on Main and Pine St, Anywhere factoryville, USA
nova Mon Mar 30 10:47:48 2009 CDT #
popeye says:
It's interesting to consider how this plays at the G20 meeting. Timing is everything.
popeye Mon Mar 30 10:48:34 2009 CDT #
Pavel says:
For God sake, I didn't send all that code.
Pavel Mon Mar 30 10:49:37 2009 CDT #
Anonymous says:
tim waiting for 2012
show us you are not just a political hack
give us your critique regarding prez bush as a public speaker
(note he eschewed teleprompters in favor of hand held flash cards because he found it difficult to track the teleprompters delivery rate)
Anonymous Mon Mar 30 10:50:09 2009 CDT #
cd says:
is the warranty new real? that's amazing..after chrysler expanded warranty to 100K...we are phucked....costa rica look out....
cd Mon Mar 30 10:50:56 2009 CDT #
nova says:
It's all good. I am sure with those reassurances, all is good. Rushing out to buy a GM and Chrysler car is Americas top priority cause they got my back. Fleet sales. Stock up on them - not that we will need the parts.
nova Mon Mar 30 10:51:21 2009 CDT #
Pavel says:
"I believe that the power to make money is a gift from God."
Gift? Curse?
Pavel Mon Mar 30 10:52:12 2009 CDT #
Comrade Kristina says:
LOL bearly, only the shadow knows....It's gonna be a helluva show though...I wonder who is holding the bag on those CDSs? All the "GM needs to go BK now" crowd had probably wonder about it too...I wonder how many AIG is holding?
Comrade Kristina Mon Mar 30 10:53:25 2009 CDT #
Blackhalo says:
"I wonder how many AIG is holding?"
Apparently AIG will take insureace payments on anything. Just as long as you don't make a claim.
NYAG needs to start the grand jury going.
Parent Post
Blackhalo Mon Mar 30 11:06:00 2009 CDT #
Cinco-X says:
My dental polic is about the same; it covered $80.00 of my daughter $3,000.00 bill for wisdom teeth removal. Next open enrollment, and those guys are gone; that's assuming that I still have a job, of course ;)
Parent Post
Cinco-X Mon Mar 30 11:08:16 2009 CDT #
nova says:
I can just see the CEO and CFO of a Chrysler parts supplier talking today.
CEO "Jeebus, well, we will think of something. I know the parts - they will need our parts! Someone will! Ebay?"
CFO "Sir! Sir!"
CEO "My God! Tell everyone! We can roll up are sleeves and tighten our belts and put our shoulders to the wheel!"
CFO "Ah, Chrysler is 4 months behind on paying us. We are never going to collect. Sir, we can't make payroll or keep the lights on"
CEO "Paint everything green and get me the whitehouse on the phone!"
nova Mon Mar 30 10:56:05 2009 CDT #
crispy and cole says:
The sales for Chrysler dealers will be horrible with this news...CRE single point auto dealerships will be the new homless centers...
crispy and cole Mon Mar 30 10:57:11 2009 CDT #
That\'s Ballgame, Goat Herders says:
Anecdotal evidence here of all our region's (remaining) Chrysler and GM dealers cancelling all their print and TV advertising this morning
That\'s Ballgame, Goat Herders Mon Mar 30 10:57:19 2009 CDT #
Michael says:
Sounds like BO is trying to run an auto company. Since when does BO know how to run anything.
Michael Mon Mar 30 10:58:08 2009 CDT #
Cinco-X says:
He ran a great campaign by all accounts......!?
Parent Post
Cinco-X Mon Mar 30 10:59:21 2009 CDT #
Blackhalo says:
"Sounds like BO is trying to run an auto company. Since when does BO know how to run anything."
Compared to the current bunch running the autos? When do SUVs get thrown in with CAFE?
Parent Post
Blackhalo Mon Mar 30 11:02:07 2009 CDT #
cd says:
Rich, your TBT is acting very interesting today...way to stick to your guns! cheers
cd Mon Mar 30 10:58:40 2009 CDT #
WAWAWA says:
<i>So much for those $100 per sq ft pro forma projections</i>
is that $100/sqft per month or per year ?
WAWAWA Mon Mar 30 10:58:42 2009 CDT #
nades says:
its the present value of the future cash flows. (ahhmmm was the present value) ;)
Parent Post
nades Mon Mar 30 11:04:20 2009 CDT #
Anak says:
gold can't seem to make up its mind here
http://www.kitco.com/charts/popup/au24hr3day.html
anyone got a handle on the volume?
Anak Mon Mar 30 10:59:24 2009 CDT #
nova says:
Actually that is right. Born again, Crackin Christs believe that if God loves you he will bless you with prosperity. So then GM is evil and God is punishing them? What about Leham - satan worshippers? Chrysler? Same. As I was told - New Orleans was flooded by Katrina because of Mardi Gra. SINNERS!
nova Mon Mar 30 11:00:28 2009 CDT #
Anonymous says:
Anecdotal evidence(that's a good thing
http://video.google.com/videosearch?q=bad%20auto%20ads&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&um=1&ie=UTF-8&sa=N&hl=en&tab=wv#
Anonymous Mon Mar 30 11:00:58 2009 CDT #
Comrade Elmer Fudd says:
if there are fewer retarded automobile commercials. that's one upside
Comrade Elmer Fudd Mon Mar 30 11:01:02 2009 CDT #
Morocco Bama says:
Just imagine the uses for 4.5 Million square feet of floor space in the Chrysler Technical Center in Auburn Hills. Maybe they can turn it into a Concentration Camp.
Morocco Bama Mon Mar 30 11:01:07 2009 CDT #
homedad43 says:
Comrade Kristina:
Just checking the last of the posts on this thread and the technical expertise that you have acquired is admirable. Congratulations.
Now, may I have my mojita?
homedad43 Mon Mar 30 11:02:05 2009 CDT #
crispy and cole says:
michael - these companies came to GWB and BHO asking for a loan....have you ever heard of loan covenants? When you take out a loan you lose control of the company! When you are near a bk filing, the creditors take the lead of your company! They should have filed for Bankruptcy and then they would drive the ship, instead they begged the taxpayers for $$$ and this is what you get
crispy and cole Mon Mar 30 11:02:35 2009 CDT #
Comrade Kristina says:
Sure homedad, I need one myself :D Most of my expertise has come from people here pointing me in the right direction. I've limited myself mostly to trying to understand the CDS problem as IMO it is the driving force behind everything our government has been doing....I believe Lehman made it perfectly clear that these instruments don't just become a "wash"...
Comrade Kristina Mon Mar 30 11:06:15 2009 CDT #
ATM card and $19 in the bank says:
All this worry about the carmakers is misplaced. We will still have a Big 3.
Ford, Tesla, and Terrafugia.
Of course, if you can't afford a six-figure exotic, your choices may be limited...
ATM card and $19 in the bank Mon Mar 30 11:06:19 2009 CDT #
bcg says:
Of course, if you can't afford a six-figure exotic, your choices may be limited
- not for long
Parent Post
bcg Mon Mar 30 14:00:34 2009 CDT #
That\'s Ballgame, Goat Herders says:
Screw it. Let's Ride: http://walkerspoint.wordpress.com/2009/03/29/harley-screw-it-lets-ride/
Can't make this stuff up.
That\'s Ballgame, Goat Herders Mon Mar 30 11:06:35 2009 CDT #
Anak says:
Spoken like the true trailblazers for DC bailouts.....
Parent Post
Anak Mon Mar 30 11:11:13 2009 CDT #
That\'s Ballgame, Goat Herders says:
What we need are some Tesla Coils, ATM.
That\'s Ballgame, Goat Herders Mon Mar 30 11:08:41 2009 CDT #
Slappy says:
the wingnuts are really push the teleprompter meme today.
Slappy Mon Mar 30 11:08:43 2009 CDT #
Cinco-X says:
I could be worse, and he does say "uh" a lot when he's "thinking on his feet". If that's all they've got, you should be happy. You really need to keep your sense of humor.
Parent Post
Cinco-X Mon Mar 30 11:12:37 2009 CDT #
Mel says:
Obama uses a teleprompter and some think that's a bad thing. Glad all of those cynics don't use notes when making speeches--they don't have to worry about misspeaking because their words mustn't carry much consequence. Obama might be a lot of things, but he's obviously a whole lot smarter than his predecessor.
As for the car warrantees, without that assurance, no one would buy a GM car once they heard that bankruptcy was probable. Under those conditions, BHO would have been hesitant to speak the truth. Sometimes surgeons have to amputate a limb to save a patient--a lesser of two evils. To think that this mess was going to be fixed without doing some "evil" is ideologic simplicity.
We recently heard a president complain that his job was hard work, very hard, and he went off on needed vacations. Now we have a president making hard decisions, some will probably fail, but he's working hard and not on the ranch hiding. He deserves constructive criticism, but not teleprompter foolishness, not ridicule for doing a needed amputation. Remember, he's not a god, and neither are we.
Mel Mon Mar 30 11:09:04 2009 CDT #
bcg says:
Mel - it's just sour grapes from sore losers. Ignore them.
Parent Post
bcg Mon Mar 30 14:04:43 2009 CDT #
Anonymous says:
Morocco Bama says:
Maybe they can turn it into concentration Camp.
the politically correct term is a "re-education center" a place where global warming doubters can be rehabilitated.
Anonymous Mon Mar 30 11:10:32 2009 CDT #
An Independent says:
GOPer shill = Teleprompter-in-chief or TOTUS. Repetitive right rants are tedious and boring. Empty echo-chamber noise signifying nothing.
Get a grip! If you want to make points here, get serious with well-thought out solutions.
An Independent Mon Mar 30 11:10:54 2009 CDT #
Cinco-X says:
Good advice for you as well. We've had our share of DailyKOS rejects posting crap here too.
Parent Post
Cinco-X Mon Mar 30 11:15:18 2009 CDT #
Michael says:
I don't want to here from any of you, BO inherited this recession. BO contributed to this mess during his time in the Senate. He is just as much to blame for this mess being a carrier politician that he is, as well as all the other political Plunders are.
Michael Mon Mar 30 11:11:23 2009 CDT #
Broward Horne says:
"Chrysler and GM dealers cancelling all their print and TV advertising this morning"
==================
Wow.
Unintended Consequences, the sequel.
Broward Horne Mon Mar 30 11:11:38 2009 CDT #
Blackhalo says:
"Unintended Consequences, the sequel."
How are the broadcasters going to be able to pay for the billion dollar sports packages? Citi Field should be an interesting place when no one can afford to pay the bills OR play there.
Parent Post
Blackhalo Mon Mar 30 11:16:56 2009 CDT #
Don says:
"Chrysler and GM dealers cancelling all their print and TV advertising this morning"
==================
Wow.
Unintended Consequences, the sequel.
Up next the implosion of the newspaper industry accelerates.
I wonder if there are enough "natural male enhancement" ads to fill all the ad slots on local TV?
Parent Post
Don Mon Mar 30 11:31:12 2009 CDT #
Dead_Monkey_Bounce says:
Alternate big 3: Ford, Lincoln, and Mercury
Dead_Monkey_Bounce Mon Mar 30 11:12:25 2009 CDT #
nova says:
I feel good about all this. Obviously the administration has a handle on it. GM will survive, it will rise from the flames, it will become a dominant player in financing car loans for people who want to buy ... it will find Corvette sales booming...
ah...
ah... Nice real estate in Detroit, that wil provide...Pensions, oh that. Them old folks - hahahahah.
This makes me weep for my country - screw puts, longs, shorts or whatever.
nova Mon Mar 30 11:12:50 2009 CDT #
homedad43 says:
Comrade Kristina:
In light of the crap that's gone in some of the threads, you do understand that I was just kidding about the mojita?
No offense was intended...
homedad43 Mon Mar 30 11:12:52 2009 CDT #
Con Republicans Blow says:
"Teleprompter in Chief"
Great one, Conjob. You got that from Rush, huh dittobrain. No President has ever used a teleprompter before. I'm sure you, as one of the moral value-voter freedom-defending Righties held Bush up to this standard.
Here on this blog we have many followers and spreaders of Right-wing propaganda. Unchecked. Unaddressed. Not trolls but regular commentators.
The Right has the maturity and substance of 8-year olds calling names. Funny how we so recently lived in a time when adult humans with money to lose actually decided to go with the 8-year olds of the political world.
And some say the universe doesn't care about justice.
Con Republicans Blow Mon Mar 30 11:13:25 2009 CDT #
the man from nantucket says:
"The Right has the maturity and substance of 8-year olds calling names."
That is just too funny coming from someone with the screen name "Con Republicans Blow".
aaaaahhh, the irony.
Parent Post
the man from nantucket Mon Mar 30 12:58:42 2009 CDT #
Comrade Kristina says:
None taken homedad :D
Comrade Kristina Mon Mar 30 11:13:34 2009 CDT #
Anak says:
<tbody>
“"Chrysler and GM dealers cancelling all their print and TV advertising this morning"
</tbody>
If that includes co-op ads in your daily rag, you may not be getting it thrown at your doorstep too much longer....
Anak Mon Mar 30 11:15:00 2009 CDT #
Broward Horne says:
"Obama might be a lot of things, but he's obviously a whole lot smarter than his predecessor"
-----------------
Are you sure that's a positive thing?
Broward Horne Mon Mar 30 11:15:24 2009 CDT #
NateTG says:
"What we need are some Tesla Coils, ATM."
Applying Tesla Coils to ATMs isn't likely to help the current crisis.
NateTG Mon Mar 30 11:15:35 2009 CDT #
Kung Fu Panda says:
I bought a Chrysler T & C minivan used(2005) in December. Got a very good price and paid cash. I'm not worried about maintenance; there'll be non-OEM parts available for a long time. And I would never take my vehicle to a dealer for service anyway. Bring on the bankruptcies; this is a necessary restructuring move.
Kung Fu Panda Mon Mar 30 11:15:42 2009 CDT #
Don says:
I bought a Chrysler T & C minivan used(2005) in December. Got a very good price and paid cash. I'm not worried about maintenance; there'll be non-OEM parts available for a long time. And I would never take my vehicle to a dealer for service anyway. Bring on the bankruptcies; this is a necessary restructuring move.
Buy extra keys now. If you don't have two original keys you will have to have the new ones flashed by a dealer (way too much money), If you have two originals you can flash them yourself (see manual). Who knows who winds up with the key code information from the manufacturer in a liquidation and how long it will take for them to agree on how to split the proceeds with the various vendors that provide the hardware to dealers.
Mosrt mechanical parts shouldn't be a big deal. Even body parts will be available for a good while yet. In a couple of years the small elctrical and plastic bits will get difficult. It's the stupid little computerized s*** that's going to kill owners if they go BK.
Parent Post
Don Mon Mar 30 11:53:29 2009 CDT #
Michael says:
The Teleprompter In Chief's writers are Tavistock, Rand, CFR, Trilateral Commission, UN "Operatives". You are being brainwashed by BO!
Michael Mon Mar 30 11:16:23 2009 CDT #
Outsider says:
"I believe that the power to make money is a gift from God."
Ben Bernanke is a gift from God? Who knew?
Outsider Mon Mar 30 11:18:04 2009 CDT #
Black Star Ranch says:
.....Screw It - Let's ride!.....
(Are there any copyright issues with these four generic words in this order?)
Black Star Ranch Mon Mar 30 11:18:25 2009 CDT #
Michael says:
First We got to roll. Lets Roll.
Florida Gov Shuts Down Tea Party
http://taxdayteaparty.com/
Parent Post
Michael Mon Mar 30 11:24:57 2009 CDT #
Dead_Monkey_Bounce says:
Depends on your definition of justice. If an eternity of insignificance along with the innumerable other particles floating in immeasurable space, briefly interrupted by collisions resulting in chance organic sentience is justice, we've got it in spades, more so than most I'd say.
Dead_Monkey_Bounce Mon Mar 30 11:19:03 2009 CDT #
mock turtle says:
the fall of communist russia was a sad day for american workers
huh?
before the demise of the USSR, corporations in the USA had to showcase our system and expended much effort to treat the middle class well...wages and benefits were good, CEOs made only (ONLY) around 40 times the average factory floor worker
with the demise of our economic advisary we were free to roll back benefits and wages, off shore factory production, eliminate tarriffs, offshore banking to tax free havens and slash taxes on the top 1% richest americans (if you want to call them that) the ones who benefitted most from this economic rape...the the best and the brightest hedge fundies made 10s of millions a year, in some cases entirely free of us taxation
greed ran wild
just like a teenager having unprotected sex... thinking hes good for one more stroke
feels like the latter days of rome dont you think
mock turtle Mon Mar 30 11:19:22 2009 CDT #
Outsider says:
"My dental polic is about the same; it covered $80.00 of my daughter $3,000.00 bill for wisdom teeth removal. Next open enrollment, and those guys are gone; that's assuming that I still have a job, of course "
CincoX, I think the point is to lose your job, because I believe Medicaid does pay for wisdom teeth removal. ;)
Outsider Mon Mar 30 11:20:07 2009 CDT #
Broward Horne says:
" Citi Field should be an interesting place when no one can afford to pay the bills OR play there"
----------
Come on, Morroco, just say it already...
They can use IT for a re-education camp, too. :)
Broward Horne Mon Mar 30 11:21:18 2009 CDT #
Interesting Times says:
No more car ads? Time to short media companies... big time.
Interesting Times Mon Mar 30 11:21:58 2009 CDT #
Blackhalo says:
"No more car ads? Time to short media companies... big time."
Anyone know who had GM/Crysler accounts? Disney should take a beating as they still have to pay for BCS NFL at the current contract rate...
I guess they could always pick up sham-wow and the blanket with sleeves thing.
More reality TV on the way as budgets get slashed.
When is the next big sports contract up for bidding? It should be interesting how teams handle the next draft in the face of falling revenues.
Parent Post
Blackhalo Mon Mar 30 11:27:38 2009 CDT #
homedad43 says:
Blackhalo:
You're aware that the NFL corporate level has laid-off staff? Not certain how many...but happened several weeks ago.
Parent Post
homedad43 Mon Mar 30 11:31:08 2009 CDT #
Morocco Bama says:
I wish the makers of Cialis and Viagra would cancel their TV Advertising. Every other commercial was one of these two whilst I was watching Tiger return to victory yesterday. Can that many men in the U.S. be clinically impotent to warrant the magnitude and exepnse of these campaigns?
I wonder how GM and Chrysler cancelling their contracts will affect the PGA Tour? GM, especially, sponsors at least several tournaments and year and advertises quite heavily. Finchem may have to drop his salary to $3 million versus $4 million. That would be sad.
Morocco Bama Mon Mar 30 11:22:00 2009 CDT #
Outsider says:
"I wish the makers of Cialis and Viagra would cancel their TV Advertising. "
MO, you and all the old ladies. You should gather them together and start a petition drive.
Parent Post
Outsider Mon Mar 30 11:30:16 2009 CDT #
Anonymous says:
maracco obama,
as to the pga tour you forgot about the stanford st jude classic
Parent Post
Anonymous Mon Mar 30 12:25:23 2009 CDT #
Tim waiting for 2012 says:
@Manwich Good luck
US goverment is now the largest Car maker, Car servicer, insurer, bank, Home mortgage company, coming soon largest car dealership and largest grocerer.
Tim waiting for 2012 Mon Mar 30 11:22:12 2009 CDT #
Jas says:
--
"CRE: 'Half Off' Sale for Boston’s John Hancock Tower"
Thank God that CRE wasn't as overbuilt as RRE 15 months ago; otherwise, we would have a 75% OFF SALE.
Jas
Jas Mon Mar 30 11:22:24 2009 CDT #
Tim waiting for 2012 says:
Interesting Times says:
Today, 9:21:58 AM
“No more car ads? Time to short media companies... big time.
Good point
Tim waiting for 2012 Mon Mar 30 11:22:54 2009 CDT #
ATM card and $19 in the bank says:
This teleprompter thing must be one of those dog-whistle messages like Bush mentioning Dred Scott in the '04 debate. I'm not a member of the club, evidently, so I have no idea what it is supposed to mean, but I guess it really resonates with the folks who can detect its ultra-sonic meaning.
...link to story on Bush/Dred Scott:
http://www.slate.com/id/2108083/
ATM card and $19 in the bank Mon Mar 30 11:23:04 2009 CDT #
homedad43 says:
"Chrysler and GM dealers cancelling all their print and TV advertising this morning"
==================
The automakers have been on life-support for some time. I think that in medical terms, this is where the absolutely unnecessary systems shut down as the body goes into the final death spiral.
Time to call the priest.
homedad43 Mon Mar 30 11:23:43 2009 CDT #
NateTG says:
"Screw it. Let's Ride: http://walkerspoint.wordpress.com/2009/03/29/harley-screw-it-lets-ride/
Can't make this stuff up."
And right in the middle of the screed:
"...or do you seize the throttle and give it a fearless twist forward. ..."
Twisting the throttle forward is, of course, what you do to slow down the bike.
NateTG Mon Mar 30 11:24:28 2009 CDT #
Don says:
Now if GM and Chrysler were really loved some storage facility packed with Suburbans and Durangos would have mysteriously gone up in flames just after buying a fire insurance policy from AIG.
Don Mon Mar 30 11:24:31 2009 CDT #
homedad43 says:
I'd like to put Michael in a locked room with Scone and see who comes out alive.
homedad43 Mon Mar 30 11:25:29 2009 CDT #
Michael says:
As soon as I start talking, His head would explode. Acceptable outcome.
Parent Post
Michael Mon Mar 30 11:28:13 2009 CDT #
Tim waiting for 2012 says:
Some backs say they want to repay TARP money - TARP money is running low. Coincidence?
I think Timmay tells GS "you pay back the TARP now and later you will get the money back plus 50% as a counter party to Citibank". Meanwhile GS stock pops and executives sell.
Tim waiting for 2012 Mon Mar 30 11:25:49 2009 CDT #
cd says:
Obama said Chrysler and Fiat have 30 days to present a plan. If their agreement passes muster, the U.S. will consider lending the companies as much as $6 billion, he said.
why would lend money to a foreign owned car company if this happens along with the devil company cereberus
cd Mon Mar 30 11:26:30 2009 CDT #
Br\'er Dawg says:
I've dodged the glass. I've been blown across the plaza. I've been in the building. I've admired I.M. Pei's intent from the only two acceptable perspectives; Building 1 at MIT and reflecting the Trinity Church. With that in mind. Hancock Tower is a dysfunctional dinosaur that serves no rational economic purpose in a world where CGI lizards and Flash generated come hither redheads dominate the public perception of insurance.
Br\'er Dawg Mon Mar 30 11:26:39 2009 CDT #
mock turtle says:
Michael says:
“I don't want to hear from any of you, BO inherited this recession.
----
hummm lets see bush in office 8 years, neocons control house 6 years, senate 5 years and obama in office two months
yep that sounds about even
oh yes national debt 5 trillion when bush takes office (half courtesy of reagan, 10 trillion as bush leaves
but damnit those deficits have got to stop now...on a dime
no problem
mock turtle Mon Mar 30 11:26:45 2009 CDT #
Michael says:
Oh, I guess Democrats didn't vote to pass the spending bills and bloated budgets, did they? So I guess you're right.
Parent Post
Michael Mon Mar 30 11:32:06 2009 CDT #
mock turtle says:
actually they didnt
in a proceedural maneuver the neo cons circumvented the senate phillibuster rule to push thru major bush tax cut and spending increases
like they did for the first time in 50 years to pack the supreme court (the nuclear option only had to be threatened not used, my how art imitates life)
Michael read this and repent
http://thinkprogress.org/2009/03/24/budget-reconciliation/
Parent Post
mock turtle Mon Mar 30 11:39:26 2009 CDT #
bcg says:
mock turtle - when addressing Michael, consider that your words are going in one ear, and out the other, if even that. He considers BO to be the anti-christ, and, as such, Michael is impervious to logic.
Parent Post
bcg Mon Mar 30 14:24:53 2009 CDT #
EvilHenryPaulson says:
US Corporate Profits by Industry over the last 5 booked quarters via http://econompicdata.blogspot.com/ & BEA
whocoodanode!
EvilHenryPaulson Mon Mar 30 11:29:05 2009 CDT #
black dog says:
At the first of the year I cut the rent 27% for my tenants and have my fingers crossed that it will be enough.
That's inflationary, right?
black dog Mon Mar 30 11:29:06 2009 CDT #
An Independent says:
Slappy: Teleprompter-in-chief = GOPper shill. Yep, that's their sign, a clear tipoff who you're dealin' with.
Repetitive rants are tedious & boooring! And they don't work with the saner longtime members of Commentariat here. Ranting right echo-chamber noise makes no points here. Empty rhetoric signifying nothing.
But I expect that well-thought-out solutions are too difficult to comtemplate -- and won't make a dent on the dittoheads.
An Independent Mon Mar 30 11:29:07 2009 CDT #
Magical Thinking says:
Well thought out solutions
-----------------------------
Let's start with this:
Wikipedia
http://en.wikipedia.org/wiki/War_profiteering
A war profiteer is any person or organization that improperly profits from warfare or by selling weapons and other goods to parties at war. The term has strong negative connotations. General profiteering may also occur in peace time.
I'm not too proud. Are there any Canandians on the board?
We were wrong about a few things and you were....
Magical Thinking Mon Mar 30 11:30:11 2009 CDT #
That\'s Ballgame, Goat Herders says:
New thread
That\'s Ballgame, Goat Herders Mon Mar 30 11:30:55 2009 CDT #
Br\'er Dawg says:
Micheal rants; The Teleprompter In Chief's writers are Tavistock, Rand, CFR, Trilateral Commission, UN "Operatives". You are being brainwashed by BO!
OMG, I haven't heard a good Trilateral Commission conspiracy theory since Elvis and JFK got into an argument over who got to ride in the front seat of the black helicopter way back in 2006. It's bad enough that those two old farts won't leave the waitresses alone but they keep disrupting the Illuminati reading of the minutes portion of our meetings.
Br\'er Dawg Mon Mar 30 11:31:07 2009 CDT #
Michael says:
Did you know Tavistock /Rand are clients of the RNC? It's true, look it up.
Parent Post
Michael Mon Mar 30 11:36:43 2009 CDT #
Broward Horne says:
"I wonder if there are enough "natural male enhancement" ads to fill all the ad slots on TV?"
-------------------
Come on, Morocco, just say it already....
They can use that open tv advertising for re-education camps. :)
Broward Horne Mon Mar 30 11:31:42 2009 CDT #
Morocco Bama says:
When questioned about the Hancock Tower, Larry Silverstein, former owner of the infamous World Trade Center Towers, said they should "just pull it."
Morocco Bama Mon Mar 30 11:32:00 2009 CDT #
Interesting Times says:
Just an FYI - If McSame won, there would be marshal law right now and anyone talking about teaparties would be disappeared.
Interesting Times Mon Mar 30 11:32:30 2009 CDT #
burnside says:
Dawg, thanks for not broaching the Freudian implications.
burnside Mon Mar 30 11:33:00 2009 CDT #
Smilin\' Bob says:
I wonder if there are enough "natural male enhancement" ads to fill all the ad slots on local TV?
-------------------------
My contract got renewed for two years. And Disney's going to run them on weekday mornings since all of the laid-off guys will be watching with the kids.
Smilin\' Bob Mon Mar 30 11:34:46 2009 CDT #
EvilHenryPaulson says:
I view the drop in prices for capital assets as a great thing for the economy. The loss of recorded wealth is even a plus for the economy in the near term. We're far outside the margin of error for most financial deals already, might as well provide as fertile economic grounds as possible.
So long as incomes fall slower than these capital assets, that's a real increase in wages.
Probably thinking too much about it though, I have no idea how much Bernanke will print while in office. Who knows what food and energy costs will do after the current eager beavers get flushed out
EvilHenryPaulson Mon Mar 30 11:35:21 2009 CDT #
Outsider says:
CRbot must be taking a siesta. New thread.
Outsider Mon Mar 30 11:35:28 2009 CDT #
Br\'er Dawg says:
Dawg, thanks for not broaching the Freudian implications.
Heck, I'm barely impressed and certainly not jealous. A more egotistical person might even consider the building a personal homage. [ducks]
Br\'er Dawg Mon Mar 30 11:36:15 2009 CDT #
Black Star Ranch says:
If car ads disappear from TV advertising rotation, we'll be left with medication and attorneys' ads.
We need a law requiring all fine-print in TV ads to be of a font size adequate to allow old guys to read it!
Black Star Ranch Mon Mar 30 11:37:01 2009 CDT #
An Independent says:
TOTUS....hahahah -- a sonic dog-whistle. That's a good one. Makes 'em roll over & play dead on command.
An Independent Mon Mar 30 11:38:47 2009 CDT #
burnside says:
LOL!
burnside Mon Mar 30 11:40:43 2009 CDT #
Broward Horne says:
"CRbot must be taking a siesta"
================
Obama yanked his bailout money.
Broward Horne Mon Mar 30 11:41:08 2009 CDT #
popeye says:
I have no idea how much Bernanke will print while in office.
Fed Monetization 3-23-09
http://web-xp2a-pws.ntrs.com:80/content//media/attachment/data/econ_research/0903/document/ec032309.pdf
popeye Mon Mar 30 11:42:00 2009 CDT #
EvilHenryPaulson says:
Looks like Fifth Third Bancorp is on its third fifth of the morning after selling its crown jewel electronic payment processor
Anyone that has known a hard drug addict will see the writing on the wall
EvilHenryPaulson Mon Mar 30 11:42:54 2009 CDT #
EvilHenryPaulson says:
popeye,
Good point, but we already know that the Fed cannot unwind things like TALF fast enough. It's also printing money against other central banks that are trying to keep their currencies low, the key variable. As for the domestic economy, they could do helicopter drops while avoiding inflation for now because of the credit unwind.
It's a long term, with many choices, and more than one destination equilibrium
EvilHenryPaulson Mon Mar 30 11:48:20 2009 CDT #
popeye says:
"As for the domestic economy, they could do helicopter drops while avoiding inflation for now because of the credit unwind.
It's a long term, with many choices, and more than one destination equilibrium."
EHP,
...with particular reference to charts 8-11 and accompanyng discussion:
http://web-xp2a-pws.ntrs.com:80/content//media/attachment/data/econ_research/0903/document/us0309.pdf
popeye Mon Mar 30 11:59:48 2009 CDT #
EvilHenryPaulson says:
popeye,
I realize it's unprecedented, all evidence to date is that they have been tracking the loss of notional cash with a lag. That lag is only going to get bigger with hurdles in Congress
We'll see imported inflation (lower currency) before we see the effects of letting the new base money fester and grow.
EvilHenryPaulson Mon Mar 30 12:03:34 2009 CDT #
ArtVandelay22 says:
"Screw It, Let's Ride"
Where I come from, this is called "whistling past the graveyard".
ArtVandelay22 Mon Mar 30 12:06:28 2009 CDT #
popeye says:
"In 2008, the Fed’s net acquisition of financial assets – essentially the new
credit created by the Fed – totaled $1.3 trillion or 9.25% of nominal GDP – a postwar record
both in absolute dollar terms as well as relative terms (see Chart 11). The combination of the
TALF program and announced future purchases of Treasury bonds/mortgage-backed
securities/agency debt will expand the Fed’s balance sheet by an additional $2 trillion (14% of
2008 nominal GDP) in 2009. In effect, the Fed is creating massive amounts of credit in place
of the private financial system’s more normal credit creation as banks and other private
financial institutions repair their balance sheets. This emergency transfusion of credit by the
Federal Reserve will help get economic growth restarted later in the year."
popeye Mon Mar 30 12:13:56 2009 CDT #
popeye says:
sorry, same source
popeye Mon Mar 30 12:14:40 2009 CDT #
Anonymous says:
Obama needs to get out of the way and let the WHOLE THING collapse -- then maybe we can build something sustaining -- any action he seems to take becomes instantly counter productive because.... there is NO answer -- it MUST all come down, the sooner the better!
Anonymous Mon Mar 30 13:36:38 2009 CDT #
yagij says:
Brian: Testing
yagij Mon Mar 30 15:04:17 2009 CDT #
yagij says:
Brian: Testing 2
yagij Mon Mar 30 15:05:29 2009 CDT #
yagij says:
Brian: Testing 3
yagij Mon Mar 30 15:06:44 2009 CDT #
yagij says:
Brian: Testing 4
yagij Mon Mar 30 15:07:59 2009 CDT #
yagij says:
Brian: Testing 5
yagij Mon Mar 30 15:11:18 2009 CDT #
yagij says:
CRC Testing 6
Still no readable AJAX response?
yagij Mon Mar 30 15:12:48 2009 CDT #
yagij says:
CRC Testing 7
Still no readable AJAX response?
yagij Mon Mar 30 15:17:05 2009 CDT #
yagij says:
CRC Testing 8
Readable AJAX response?
yagij Mon Mar 30 15:19:34 2009 CDT #
yagij says:
CRC Testing 9
Readable AJAX response?
yagij Mon Mar 30 15:20:41 2009 CDT #
yagij says:
CRC Testing 10
Readable AJAX response?
yagij Mon Mar 30 15:21:30 2009 CDT #
yagij says:
CRC Testing 10
Readable AJAX response?
yagij Mon Mar 30 15:24:26 2009 CDT #
yagij says:
CRC Testing 11
Readable AJAX response?
yagij Mon Mar 30 15:27:53 2009 CDT #
yagij says:
CRC Testing 12
Readable AJAX response?
yagij Mon Mar 30 15:29:28 2009 CDT #
yagij says:
CRC Testing Final 1?
Readable AJAX response?
yagij Mon Mar 30 15:29:59 2009 CDT #
yagij says:
CRC Testing Final 2?
Readable AJAX response?
yagij Mon Mar 30 15:31:28 2009 CDT #
END