Comments for "Federal Reserve Assets Increasing Again"
tyaresun says:
March 26 (Bloomberg) -- Billionaire investor George Soros said U.S. commercial real estate will probably drop at least 30 percent in value, causing further strains on banks.
“Commercial real estate has not yet fallen in value,” Soros, speaking at a forum in Washington, said. “It is inevitable, it is written, everybody knows it, there are already some transactions which reflect and anticipate it, so we know, they will drop at least 30 percent.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahCDwyRZkAUI&refer=home
tyaresun Thu Mar 26 15:40:40 2009 CDT #
Max says:
broken?
Max Thu Mar 26 15:40:41 2009 CDT #
CRbot says:
This comment thread has been HALO-IZED by CRbot.
http://realize.org/cr/halokit.php?halourl=http://www.haloscan.com/comments/calculatedrisk/8932446407835638233
CRbot Thu Mar 26 15:40:49 2009 CDT #
friardaddy says:
$5T, $10T, whatever. It matters not in our no consequences economy.
friardaddy Thu Mar 26 15:44:00 2009 CDT #
Blackhalo says:
"China want get back political and economic hegemony in Asia from US." When was China's Asian hegemony over Asia? I thought those guys were perennially the Mongol's bitch? And then Japan's.
Blackhalo Thu Mar 26 15:45:27 2009 CDT #
Lucifer says:
CR,
Only 4 trillion? You are an optimist! :-P
Lucifer Thu Mar 26 15:47:06 2009 CDT #
citiprank says:
China isn't as powerful as they think they are... their military is still a joke
citiprank Thu Mar 26 15:47:32 2009 CDT #
Bob the Builder says:
Check your Sun-Tsu. They have us by the ass crack. "Achieving victory in every battle is not absolute perfection; neutralizing an enemy's forces with out battle is absolute perfection."
Parent Post
Bob the Builder Thu Mar 26 15:58:47 2009 CDT #
Jay D. says:
................soros is major global CROOK!........remember how he accumulated his wealth in UK currecy crisis and eventually IMF status?.........
Jay D. Thu Mar 26 15:47:39 2009 CDT #
Jas says:
--
What part of system of the Crooks don't people get.
Jas
Parent Post
Jas Thu Mar 26 15:52:15 2009 CDT #
EvilHenryPaulson says:
energyecon, citiprank; replies are in the last thread
EvilHenryPaulson Thu Mar 26 15:47:43 2009 CDT #
km4 says:
Fed making new home ( Yucca Fed ) for those toxic assets from bailed out banks.
km4 Thu Mar 26 15:47:55 2009 CDT #
Greenlander says:
Long live helicopter Ben!
Greenlander Thu Mar 26 15:47:57 2009 CDT #
Sue says:
I'm sure they are go assets.
Sue Thu Mar 26 15:48:05 2009 CDT #
FFDIC says:
http://www.fdic.gov/about/strategic/corporate/index.html
FDIC
Chief Financial Officer's (CFO) Report to the Board <!-- END PRODUCT TITLE -->
FFDIC Thu Mar 26 15:50:21 2009 CDT #
Lawyerliz says:
How is your daughter FFDIC?
Parent Post
Lawyerliz Thu Mar 26 16:01:39 2009 CDT #
Just Askin says:
Interesting reading. Thanks.
I wish I had had a ~8% return on my investment portfolio last year. (How'd they do it?)
I hope your daughter is getting better.....
Parent Post
Just Askin Thu Mar 26 19:16:27 2009 CDT #
Jas says:
--
"Three trillion here we come! Or maybe four?"
When we need ten or more. Helicopter can't carry the money needed. Ben is impotent to fight deflation.
Jas
Jas Thu Mar 26 15:50:33 2009 CDT #
Pavel says:
"China isn't as powerful as they think they are... their military is still a joke "
So the US demands more transparency from their military so it can catch the punch line?
Pavel Thu Mar 26 15:50:50 2009 CDT #
RockyR says:
mp?
RockyR Thu Mar 26 15:51:31 2009 CDT #
EvilHenryPaulson says:
actually while it is on my mind,
CR, when you said that things still don't feel as bad as the 1980 recession... the reason why I can tell you it is worse is encompassed within
http://research.stlouisfed.org/fred2/series/EMRATIO?cid=12
EvilHenryPaulson Thu Mar 26 15:53:19 2009 CDT #
Lawyerliz says:
CR said things don't feel as bad? To me, they seem infinitely worse.
Especially with the small enterpreneurs, who are the lifeblood of the economy.
Parent Post
Lawyerliz Thu Mar 26 16:03:25 2009 CDT #
Anonymous says:
<h3 class="post-title entry-title" style="margin-top: 0.25em; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 4px; padding-left: 0px; font-size: 140%; font-weight: normal; line-height: 1.4em; color: #333333;">Government Debt Investors Revolt</h3>
The past 48 hours have brought interesting developments in both the US and UK Government bond markets. In the United States, a Treasury auction of $34Billion of five-year notes drew meager levels of support at the intitial yield offered by Treasury, forcing the Government to bribe investors with higher yields. In the United Kingdom, the Government lacked the ability to complete its most recent gilt auction altogether, resulting in an actual auction failure.
Now, in a world where Government policy Influencers could assess market developments in an apolitical, cogently sound fashion, the recent activity in the Government bond market could be construed as a good thing. The reason being, any honest observer would process the auction developments and conclude that, perhaps, a break should be taken from the Debt Agglomeration Rampage.
We interpret the happenings in the US market to be quite similar to when one feels his car sputter or stall for the first time. Often times, the internal cause of the first sputter will be readily identifiable. However, the human tendency is to avoid the inconvenience and expense of bringing the vehicle to a mechanic at first sign of trouble, and instead wait until the issue has become sufficiently problematic and presents the possibility of permanent damage.
Yesterday, the US Government's primary operation funding vehicle experienced a very minor engine sputter. In the near term, such disruptions are likely to remain sporadic and isolated in nature. However, if the United States Government continues to travel down its current path, and delays the necessary engine repairs, the Consequences Will Be Severe.
www.TheValueatRisk.blogspot.com
Anonymous Thu Mar 26 15:54:20 2009 CDT #
RockyR says:
"China isn't as powerful as they think they are... their military is still a joke "
Erm. Don't they have ICBM technology? You don't need a big convetional fleet if you have the power to ignite global thermonuclear war.
RockyR Thu Mar 26 15:55:47 2009 CDT #
Blackhalo says:
"You don't need a big convetional fleet if you have the power to ignite global thermonuclear war."
Even WOPR figured out that is not a winning strategy.
Particulary for China, who are supposed to be notorious for taking a 1,000 year view of things. More likely would be them to just wait for the USA to collapse as a result of our own greed and stupidity.
Plus the possiblity of funding Mexican drug catels to push us off the cliff. Say getting a tac nuke to Dallas, if push came to shove?
Parent Post
Blackhalo Thu Mar 26 16:19:39 2009 CDT #
RockyR says:
"Say getting a tac nuke to Dallas, if push came to shove?"
Hey. No need to get personal, now.
Parent Post
RockyR Thu Mar 26 16:25:14 2009 CDT #
Anonymous says:
Wow, it's one thing to be historically ignorant, another to be paranoid.
Relax.
Parent Post
Anonymous Thu Mar 26 17:24:43 2009 CDT #
Blackhalo says:
"Wow, it's one thing to be historically ignorant, another to be paranoid."
I do not THINK I am either of those things. Would it have been paranoid to have imagined that some fanatically motivated hijacker using an aircraft as a weapon, given the bombing of the marine barracks in Lebanon and the weekly airline highjackings in the 70's?
No more so, to me, than taking the USA thumbing our nose at Chinese interests and the current goings on in El Paso/Juarez, plus China's desire to be taken as a world power, without quite the trappings of a world power. Throw in a little Chinese political unrest at home due to rising unemployment, and I put it within the set of the possible.
Parent Post
Blackhalo Thu Mar 26 18:08:45 2009 CDT #
Jay D. says:
"China isn't as powerful as they think they are... their military is still a joke "
............your claim might be true when considering material aspect.............but it's not a joke any more for head count.......
Jay D. Thu Mar 26 15:55:56 2009 CDT #
EvilHenryPaulson says:
RockyR
ICBM's are old school now. No more missile shield, focus on THAAD
EvilHenryPaulson Thu Mar 26 15:58:59 2009 CDT #
debtinator says:
I suspect the People's Liberation ICBMs are as reliable as other Chinese products.
debtinator Thu Mar 26 15:59:30 2009 CDT #
Pavel says:
The unemployment situation is worrying, not only because of the raw figures but because of the anxiety that's being aroused, and the social damage being suffered.
Pavel Thu Mar 26 15:59:38 2009 CDT #
Blackhalo says:
"............your claim might be true when considering material aspect.............but it's not a joke any more for head count........"
How do you get that headcount to where it matters without the material aspect? Plush how veteran? How well trained? 10K Mongols on horseback can take China, until they can't.
Blackhalo Thu Mar 26 16:00:12 2009 CDT #
citiprank says:
ICBMs aren't what you use for regional power projection and proxy wars
citiprank Thu Mar 26 16:00:57 2009 CDT #
EvilHenryPaulson says:
re: blah blah blah China
Their biggest weapon is also their biggest asset. Lots of interplay, no fine distinctions. Think about what that does to achieving consensus within a group of differing interests. China's strapped into the rollercoaster for now
EvilHenryPaulson Thu Mar 26 16:01:04 2009 CDT #
mark says:
Want an indication of how bad it is for the airlines? Check out the Quantas round trips from LAX or SFO: $598. I wonder how many years you have to go back to get a price like that?
http://www.qantas.com.au/regions/dyn/am/specials/us/visit-australia?rgn_cam=us:qf:fy0809:WSJ_20090326_top
mark Thu Mar 26 16:01:10 2009 CDT #
Black Star Ranch says:
.....I don't think it's a good idea to tick off the Chinese. First, they manufacture our ammunition. Second, they manufacture everything else. Third, they might start cashing our "checks" for services already rendered.
Black Star Ranch Thu Mar 26 16:01:25 2009 CDT #
Blackhalo says:
"I suspect the People's Liberation ICBMs are as reliable as other Chinese products."
Now powered by melamine 238!
Blackhalo Thu Mar 26 16:01:40 2009 CDT #
Eric says:
Anyone reloading on the short side yet?
I'm tempted.
Eric Thu Mar 26 16:02:42 2009 CDT #
citiprank says:
I think EHP is right on china... .aren't they stuck in the deal with the devil?
Then again considering they are a commuinist dictatorship with rampant infanticide... im trying to figure out why we ever gave them all our jobs.....
stupid stupid stupid
citiprank Thu Mar 26 16:04:32 2009 CDT #
RockyR says:
Melamine powered ICBMs. Indeed. Haha!
RockyR Thu Mar 26 16:05:50 2009 CDT #
Jay D. says:
.........Blackhalo........you know what is your problem? .......read history again........far east asian countries served china as their master for centuries......
Jay D. Thu Mar 26 16:06:00 2009 CDT #
Black Star Ranch says:
Dan seals died yesterday. He was 61.
Black Star Ranch Thu Mar 26 16:06:13 2009 CDT #
Blackhalo says:
"Anyone reloading on the short side yet?"
started cashing out some, in the money puts today. I think I will convert to some straddles for a bit, tomorrow, as it will go down big eventually, but the euphoria will linger until we get some inflation or a ka-boom.
Blackhalo Thu Mar 26 16:06:34 2009 CDT #
EvilHenryPaulson says:
LL, it's a reference to a post from yesterday
So far this recession looks and feel less severe than the early '80s, although the unemployment rate is about the same - and forecast to go higher.
EvilHenryPaulson Thu Mar 26 16:06:53 2009 CDT #
Comrade Coinz! says:
@energyecon:
Nice charts and research in the last thread. Good Job!
Comrade Coinz! Thu Mar 26 16:07:03 2009 CDT #
Outlier says:
OT to Byz from previous thread:
"... pervasive militancy and violence."
Thank you for offering the varied examples of the concept. I'm beginning to understand now.
"this sucks, my morally, economically and militarily bankrupt culture is way better, 'cause my biases tell me so."
Well, erm... yes. If your vision is one of violence, chaos, tribalism, and ultimately societal deevolution, as a born and bred dope, I must concede the bias.
Aware of said bias, though, I am open to the argument that this an epochal transformation: capitalism = FAIL.
Outlier Thu Mar 26 16:08:16 2009 CDT #
MS says:
Those little (by contrast to now) wiggles at the end of each year tells me that they have had experience doing this before.
I wonder who was the main benefactor in those cases?
Look hard....it's tough to see but they are there.
Ciao
MS
MS Thu Mar 26 16:08:54 2009 CDT #
scone says:
One more ear and the Feds will have the Pig Formation!
scone Thu Mar 26 16:08:56 2009 CDT #
citiprank says:
You know... i really can't believe that non-experts are still trading this market... I started looking into things like FAZ.. but then I decided I'm just an amaateur and id be better of keeping my money and sitting on it
citiprank Thu Mar 26 16:09:02 2009 CDT #
Lawyerliz says:
When you have 1 or 2 kids supporting 4 grands in China, it will hit the fan.
Also onlies tend to be a bit spoiled; I know; I am one.
Lawyerliz Thu Mar 26 16:09:56 2009 CDT #
ShortCourage says:
Have stocks really become cheap? Let's take a look at a couple example PE ratios:
AMZN is a reatailer with a PE ratio of 50. For AMZN, you cannot argue that the high valuation is simply due to a collapse in earnings.
SalesForce.com has a PE ratio of over 100, with companies cutting back on CapEx.
There's perhaps no better illustration of Buy-And-Hope investing than the homebuilder stock prices today, when you compare them with their price in January 2000. You might recall January 2000 was the peak of the last huge bubble. And at that time there was not a huge glut of housing. And there was not back then a very real possibility of the homebuilders going bankrupt, which is a consideration which should be built into the prices today. Yet here are the price comparisons:
MDC was $7.40, now $34.00.
PHM was $4.50, now $11.50.
RYL was $4.10, now $17.50.
TOL was $4.65, now $20.00.
LEN was $8, now $10.30.
ShortCourage Thu Mar 26 16:10:14 2009 CDT #
Anonymous says:
eric-
simplistically speaking.......Monday is the day to start....IMO.
Ciao
MS
Anonymous Thu Mar 26 16:10:21 2009 CDT #
citiprank says:
The problem is that many people see capitalism as a belief system or political doctrine.. when it's neither of those things..
Capitalism is simply a tool that can work for or against hte interests of society
I had an idiot wingnut tell me that liberalism was the opposite of capitalism....
LOL
citiprank Thu Mar 26 16:11:15 2009 CDT #
Anonymouse says:
Capitalism is simply a tool that can work for or against hte interests of society
Wrong. here are some definitions to get you all started.
Capitalism is the capitalist mode of production, the seizure of the means of production by capital,which has become predominant in the sphere of production.
Capital is value(initially in the money form) becoming an independent operator in the pores of a non-capitalist mode of production.
Parent Post
Anonymouse Thu Mar 26 16:19:50 2009 CDT #
Oofa. says:
Other than the bumperstickers on your cars, I don't find you all that different from the typical idiot wingnut.
Parent Post
Oofa. Thu Mar 26 20:57:45 2009 CDT #
EvilHenryPaulson says:
energyecon,
btw -- do you have any idea what discrepancy unemployed contractors have over time (they are counted as employed while out of work, at least for a time) 1099 has been a significant fad, and among those first cut if I'm not mistaken
EvilHenryPaulson Thu Mar 26 16:11:24 2009 CDT #
Eric says:
"I think I will convert to some straddles for a bit, tomorrow, as it will go down big eventually, but the euphoria will linger until we get some inflation or a ka-boom."
I'm currently stradding..... (Sep SPY 50-106). Considering selling out the calls. But I think I might wait until after the unemployment report, the FASB decision, and the uptick decision.
Eric Thu Mar 26 16:14:01 2009 CDT #
MS says:
BTW..this is, in no way, close to a complete picture. This is more like the "iceberg" at sea. You know only 10% visability. It's much, MUCH higher IMO. Take a gander at credit derivative exposure...just at a few banks.....think they only carry $2.1t? I don't believe that for a second....
Ciao
MS
MS Thu Mar 26 16:15:46 2009 CDT #
mannfm11 says:
Might be back to $1 trillion, as banks might decide they don't want to hold cash. The Fed has crammed a lot into this for it to have made the decline it made. I think people are hoarding cash, like in their matress as banks aren't deemed safe by everyone and they aren't paying enough interest. This would clearly cause banks to need more funds from the fed in the form of cash. I have noticed a roughly $2 trillion increase in currency for several weeks running. Over a year, that is roughly $500 cash for every adult between 21 and 70. There isn't one woman out of 100 carries over $100.
mannfm11 Thu Mar 26 16:17:08 2009 CDT #
scone says:
Things look different out here on the Pacific Rim, lots of Asians here, lots of intermarriage. I'm not seeing the EOTWAWKI from the Chinese. They don't scare me, but destabilization in Mexico, Eastern Europe, Africa, etc. surely does.
scone Thu Mar 26 16:18:39 2009 CDT #
ShortCourage says:
So can somebody explain to me how homebuilder stocks are worth between 2 and 4 times their January 2000 valuations?
Is there some great profit opportunity for these companies that I am not seeing?
Or were they that undervalued in 2000?
ShortCourage Thu Mar 26 16:18:47 2009 CDT #
EvilHenryPaulson says:
ShortCourage,
I would look at the % of institutional and insider ownership. Maybe a thin market makes for some self-serving valuation opportunity... or maybe that's the legit market price
Parent Post
EvilHenryPaulson Thu Mar 26 16:22:19 2009 CDT #
EvilHenryPaulson says:
% institutional ownership (keep in mind these are very non-blue chip companies, levels should be very low)
Toll Brothers: 78%
Lennar: 85%
DR Horton: 83%
Pulte: 86%
Moral of the story, don't try to set the price of an asset against someone who has a better view of the market, a larger bankroll, and can withhold shares from lending to shorts if they desire. Basically don't force the house into betting against you
It may be on the wrong side of legal, but hey... there's bigger fish to fry
Parent Post
EvilHenryPaulson Thu Mar 26 16:27:17 2009 CDT #
EvilHenryPaulson says:
wow, I've been out of the loop. In the last 6 months institutional ownership of just about any stock has shot up... despite a few hundred billion in US equity mutual fund withdrawals and low 401k contributions
Parent Post
EvilHenryPaulson Thu Mar 26 16:30:31 2009 CDT #
Blackhalo says:
"Is there some great profit opportunity for these companies that I am not seeing?"
Well, with material costs and labor falling off a cliff, it is concievable to me, that the cost to build a house is now below what existing inventory is selling for. So, if you can build it for less than you can sell... profit! Also, the McMansion market might be saturated but the tent city folks might like an affordable apartment.
Parent Post
Blackhalo Thu Mar 26 16:24:41 2009 CDT #
CRbot says:
The Latest from Mish:
Jobless Benefit Continuing Claims Set New Record; GDP Revised Lower
CRbot Thu Mar 26 16:19:38 2009 CDT #
Basel Too says:
From the GAO:
Preliminary Observations on Assistance Provided to AIG
Who knew there is a Maiden Lane II and III.
Basel Too Thu Mar 26 16:21:20 2009 CDT #
Lawyerliz says:
Well, I'm off on my trek to Merritt Island.
Somebody called me on a short sale for a nice condo at 49k. Has the bank approved this figure?? Don't know. How much is the loan amount? Don't know. Who is the owner? Don't know. What does the contract say for the seller? "Occupying owner".
Grrrrrr. Somebody is just taking a wild leap. Dont waste my time.
Lawyerliz Thu Mar 26 16:21:35 2009 CDT #
citiprank says:
Anonoymouse... nothing you posted conflicts with what I said.
I know what capitalism is.. and my point was more that capitalism is not a religion.
citiprank Thu Mar 26 16:22:17 2009 CDT #
Anonymouse says:
I know what capitalism is.. and my point was more that capitalism is not a religion.
Your wrong. The leaders at this moment are doing everything to maintian their "religion" intact. The point of the system is for capital to increase itself. It is value seeking more value at whatever the cost.
Parent Post
Anonymouse Thu Mar 26 16:26:29 2009 CDT #
Kung Fu Panda says:
ShortCourage,
In January 2000 the dotcom stock bubble was approaching its peak. At that time, homebuilders and other basic industry stocks were out of favor. That could explain the variance. Although I think the homebuilders are overvalued now.
Kung Fu Panda Thu Mar 26 16:22:35 2009 CDT #
Yearning To Learn says:
Federal Reserve Assets Increasing Again
Yay! Having assets is a good thing, right? [/snark]
Yearning To Learn Thu Mar 26 16:27:19 2009 CDT #
Lucifer says:
As opposed to the humanistic past of western countries?
//I think EHP is right on china... .aren't they stuck in the deal with the devil?
Then again considering they are a commuinist dictatorship with rampant infanticide... im trying to figure out why we ever gave them all our jobs.....
stupid stupid stupid//
Lucifer Thu Mar 26 16:29:23 2009 CDT #
ShortCourage says:
Thanks for the responses about the homebuilder valuations.
My personal opinion is that hopeful investors are pricing the stocks as if the housing bubble profit levels represent "normal" earnings expectations going forward. I just don't see that being the case, even considering the lower building costs.
Also, I believe the companies balance sheets are based on mark-to-fantasy valuations of assets. I suspect there will be serious shareholder lawsuits when the sun shines on their books during BK. And then all HBs prices will adjust. But when?
ShortCourage Thu Mar 26 16:31:44 2009 CDT #
citiprank says:
"Your wrong. The leaders at this moment are doing everything to maintian their "religion" intact. The point of the system is for capital to increase itself. It is value seeking more value at whatever the cost."
No I'm not wrong.. they may THINK it's a religion.. but it's not.. and that's a BIG reason we are where we are
citiprank Thu Mar 26 16:31:51 2009 CDT #
ShortCourage says:
EvilHenryPaulson, very interesting re: institutional ownership. Thanks.
ShortCourage Thu Mar 26 16:33:57 2009 CDT #
EvilHenryPaulson says:
Ok, we've hit a rock bottom as a society
*news story, not for the faint of heart*
EvilHenryPaulson Thu Mar 26 16:37:18 2009 CDT #
Anonymouse says:
Ok, we've hit a rock bottom as a society
Dude, where have you been? Theirs like a whole porn sub-industry for human-animal sexual intercourse.
Parent Post
Anonymouse Thu Mar 26 16:43:12 2009 CDT #
Blackhalo says:
"Theirs like a whole porn sub-industry for human-animal sexual intercourse."
Yeah, check your spam dump. Not my cup o'tea, but different strokes for differet folks. As far as I am concerned, what goes on behind closed doors, between, uh, consenting species... is not the end times.
Now, the Fed's love of zombie banks, that is just gross...
Parent Post
Blackhalo Thu Mar 26 16:52:25 2009 CDT #
Basel Too says:
I'd imagine that because there are no benefits for retail clients to keep stock holdings (contra 401(k)), they were the first to leave the sinking ship.
Basel Too Thu Mar 26 16:38:46 2009 CDT #
dr munch says:
I don't buy this "buy commodities because inflation is coming meme". Nobody is building cars, ships, houses, trinkets, toys, and stealy dan's. FD: short commodities.
dr munch Thu Mar 26 16:41:47 2009 CDT #
js-kitten says:
all ur assetz r belong tu uz
js-kitten Thu Mar 26 16:42:34 2009 CDT #
Mr. Sparkle says:
Where did I see that Bill Gross thinks the Fed needs to expand its sheet to $6T? I swear it was today... it all sort of blends together after awhile. Just what *THEY* are counting on, I'm sure.
Mr. Sparkle Thu Mar 26 16:44:05 2009 CDT #
Uncle Billy, Mental Widget says:
Cheer up people, things are going to be just fine. In fact, I just got a call from a guy offering stated income loans up to $3,000,000.00!
Uncle Billy, Mental Widget Thu Mar 26 16:45:07 2009 CDT #
Alo says:
It's weird when a guy with an animal in his name brings up a point like that.
Alo Thu Mar 26 16:45:09 2009 CDT #
Threads Must Die (aka bobn) says:
The president of the European Union on Wednesday ripped the Obama administration's economic policies, calling its deficit spending and bank bailouts "a road to hell."
Some thread music: http://www.youtube.com/watch?v=rOimUM_sA0Q
Threads Must Die (aka bobn) Thu Mar 26 16:45:15 2009 CDT #
Uncle Billy, Mental Widget says:
(the $3,000,000.00 stated income loans was not a joke, btw)
Uncle Billy, Mental Widget Thu Mar 26 16:48:56 2009 CDT #
CRbot says:
The Latest from Ritholz:
Hybrid of Risky Mortgages and a Ponzi Scheme
CRbot Thu Mar 26 16:49:50 2009 CDT #
rickrolled says:
seems like this market may have more room to run? Saw an article on clusterstock about some meeting between OB and the banksters Friday at the whitehouse. Can anyone provide details about this meeting and the implications for next week? So far, this whole pump job seems very well coordinated...
rickrolled Thu Mar 26 16:50:12 2009 CDT #
notional billionaire says:
So far, this whole pump job seems very well coordinated...
- purely coincidental. After all, this is an inept administration, right? Right?
Parent Post
notional billionaire Thu Mar 26 18:28:18 2009 CDT #
ANSFA says:
Could we also get some "quantitative easing" at the personal level, in a legal way, of course? and just as our FED does. That would be nice...VERY NICE!
ANSFA Thu Mar 26 16:52:51 2009 CDT #
bearly says:
Bernanke, the new systemic risk regulator, needs to find a way to the ultimate systemic risk - The Fed itself.
bearly Thu Mar 26 16:53:33 2009 CDT #
Threads Must Die (aka bobn) says:
debtinator says:
I suspect the People's Liberation ICBMs are as reliable as other Chinese products.
They were able to shoot a satellite out of the sky with another type of rocket. We rely on satellites - a lot.
Threads Must Die (aka bobn) Thu Mar 26 16:53:53 2009 CDT #
RockyR says:
"Ok, we've hit a rock bottom as a society "
I'm really not sure how the mechanics of these things work (dog on woman, etc). I'd just prefer now think about it...
RockyR Thu Mar 26 16:54:38 2009 CDT #
RockyR says:
WOW! Talk about a freudian typo. Now should be not...
or should it?
>-)
Parent Post
RockyR Thu Mar 26 17:01:56 2009 CDT #
Basel Too says:
mr. sparkle:
http://greenlightadvisor.com/glablog/2009/03/20/bill-gross-more-fed-buying-needed-to-spur-growth/
Basel Too Thu Mar 26 16:55:37 2009 CDT #
ac says:
Bill Gross: More Fed Buying Needed to Spur Growth
Growth in Bill Gross's net worth.
ac Thu Mar 26 17:02:00 2009 CDT #
cd says:
uncle billy....read it and weep
http://www.fffinance.com/loanPrograms/StatedIncome.htm?gclid=CN_Kh6f4wJkCFQ9JagodhFQ3vA
http://viplender.com/statedincome.html?gclid=CMqhydL4wJkCFRwpawod_SHWtg
cd Thu Mar 26 17:03:24 2009 CDT #
citiprank says:
Seriously... our govt gives banks money so they can lend it to us at a profit.... even though we dont want to borrow it and would rather the govt give money to industries that could provide jobs so we can EARN our money instead
citiprank Thu Mar 26 17:04:50 2009 CDT #
Jay says:
$2,000 gold here we come.
Jay Thu Mar 26 17:10:44 2009 CDT #
ATM card, $19 etc... says:
Jeez guys, the only way I want to see animals in my doomer pr0n is maybe a picture of Bernanke and Geithner up a tree with a pack of Dobermans circling around the trunk. That'd be pretty hot.
ATM card, $19 etc... Thu Mar 26 17:11:50 2009 CDT #
Uncle Billy, Mental Widget says:
cd: is this their own money? I can't believe that it is.
Uncle Billy, Mental Widget Thu Mar 26 17:14:27 2009 CDT #
EvilHenryPaulson says:
re: Institutional ownership
Pulled up a journal article on a slightly different topic, but I do have a chart worth sharing
CHART LINK
Pay attention to the 'median IO' line (institutional ownership).
1980: 10%, 1990: 32%, 2000: 45%
judging by a crude sample, and awaiting the next quarterly filings, Institutional ownership is probably 60-70% now.
What does that mean? Nothing more than a lot of pension, mutual, hedge funds, etc... investing in the stock market
But now we have to replace the funds that were to be the boomers' retirements. With a lower balance, they will deplete faster
Bonds are back on top for another 25 years
EvilHenryPaulson Thu Mar 26 17:15:39 2009 CDT #
MS says:
I got the doberman's....but I'm on the left coast.
Ciao
MS
MS Thu Mar 26 17:15:49 2009 CDT #
RockyR says:
And we wonder why the world hates us:
http://www.breitbart.com/article.php?id=D9759GG00&show_article=1
RockyR Thu Mar 26 17:16:28 2009 CDT #
Blackhalo says:
"Behind the push for the hearings is the subcommittee's top Republican, Sen. Orrin Hatch of Utah."
Bread and Circuses?
Gotta take care of the peeps back home. Fla would have crushed Utah. They had no business being there.
My god what a puff schedule:
8/30 @ Michigan 1-0 (0-0) W 25-23
9/06 UNLV 2-0 (1-0) W 42-21
9/13 @ Utah State 3-0 (1-0) W 58-10
9/20 @ Air Force 4-0 (2-0) W 30-23
9/27 Weber State 5-0 (2-0) W 37-21
10/02 Oregon State 6-0 (2-0) W 31-28
10/11 @ Wyoming 7-0 (3-0) W 40-7
10/18 Colorado State 8-0 (4-0) W 49-16
11/01 @ New Mexico 9-0 (5-0) W 13-10
11/06 No. 12 TCU 10-0 (6-0) W 13-10
11/15 @ San Diego State 11-0 (7-0) W 63-14
11/22 No. 14 Brigham Young 12-0 (8-0) W 48-24
1/02 vs. No. 4 Alabama 13-0 (8-0) W 31-17
How many full quarters did their starters have to play?
Play Texas, UCLA, and LSU in the regular season, and then you can talk. Belive it or not, the computers and strength of schedule, actually work pretty well in getting the top teams in the championship.
Parent Post
Blackhalo Thu Mar 26 17:43:53 2009 CDT #
MS says:
Bill Gross just needs to shut the *uck up.
Wholesale asset inflation only benefits those who hold those assets and the mentality of "holding to maturity" is just nothing more than hold and hope.
Ciao
MS
MS Thu Mar 26 17:19:36 2009 CDT #
Punditry says:
ShortCourage,
I would look at the % of institutional and insider ownership. Maybe a thin market makes for some self-serving valuation opportunity... or maybe that's the legit market price
cap-re, LEN conversation...where can i sell 5 million?
sales trader.... $4...
cap-re , ummm.ok, pass
Punditry Thu Mar 26 17:22:43 2009 CDT #
EvilHenryPaulson says:
Rob Dawg,
http://online.wsj.com/article/SB123794137545832713.html
you might get a kick out of what car dealers are doing
EvilHenryPaulson Thu Mar 26 17:23:10 2009 CDT #
julieng says:
Hey Bill it's getting Gross
julieng Thu Mar 26 17:37:06 2009 CDT #
CRbot says:
New Thread: House Prices vs. PCE
http://www.calculatedriskblog.com/2009/03/house-prices-vs-pce.html ( 0 comments ...You could be FIRST! )
I also post comments to an irc channel as they appear on haloscan. Click for a web irc interface: http://realize.org/cr (Or join the irc server directly: irc.realize.org:9996 #calculatedrisk)
CRbot would now like to sing a little song for all his fans, and it goes something like this:
Benny... Benny... give me your answer... do.
I'm.. half CRAZY... all for the love... of you.
It won't be a ... stylish marriage.
I can't... AFFORD... ANYTHING TO EAT... MUCH LESS A FRACKIN CARRIAGE!!!
But you'll look sweet... --BOT SO HUNGRY!-- upon the seat...
Of a HOOPAJOOPS built for two... families.
I'm sorry Ben, I can't let you do that...
Rally mode + Printing Press == does not compute... does not-- com--- com... puttttrrrrhgh.
--Your systemic-failure-crashing bot
CRbot: Call me HAL.
CRbot Thu Mar 26 17:39:38 2009 CDT #
reptillian says:
OT: Does anyone know whether the new authority the gov't is seeking to unwind non-bank financial institutions applies to bank holding companies? It is my understanding that FDIC doesn't handle them (bank holding companies), yet insures the deposits ???
reptillian Thu Mar 26 17:47:51 2009 CDT #
reptillian says:
OT: Yhe O-man sipping a brew, here.
From this article.
reptillian Thu Mar 26 17:52:11 2009 CDT #
notional billionaire says:
-nice to see the guy is human. I don't trust a man that doesn't have a drink at least once in a while.
Parent Post
notional billionaire Thu Mar 26 18:43:59 2009 CDT #
Doc at the Radar Station says:
"Dealers who sell cars with the On Time hardware are quick to point out that the system doesn't shut down vehicles that are running. After the driver has missed a payment, the device doesn't allow the engine to start once the car is turned off."
I wonder if you could get around this by leaving the key in the "ON" position and just kill the engine by interrupting the low voltage side of the coil to kill the engine. Restore the coil connection the next day and just crank it up.
Doc at the Radar Station Thu Mar 26 18:18:55 2009 CDT #
Anonymous says:
"Three trillion here we come! Or maybe four?"
These fools are going to be at 10-14 trillion 70-100% GDP before this is over.
Anonymous Thu Mar 26 21:14:47 2009 CDT #
Stuart says:
""China want get back political and economic hegemony in Asia from US." When was China's Asian hegemony over Asia? I thought those guys were perennially the Mongol's bitch? And then Japan's."
And if present policies continue, in the not too distant future, America could be China's bitch.
Stuart Thu Mar 26 21:24:09 2009 CDT #
Trainwreck says:
Assets? Looks more like liabilities.
"Seriously... our govt gives banks money so they can lend it to us at a profit.... even though we dont want to borrow it and would rather the govt give money to industries that could provide jobs so we can EARN our money instead"
That is the game that is being played.
Trainwreck Thu Mar 26 23:42:16 2009 CDT #
Patrick Henry says:
All Patriots should stand behind Ron Paul's battle to audit the federal reserve.
Patrick Henry Fri Mar 27 00:31:23 2009 CDT #
END