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To: coug who wrote (191751)3/19/2009 8:56:47 AM
From: DebtBomb
of 306825
 
Yep....this is how empires fall. Got $500 trillion for derivatives? Or how about $56 trillion for everying else promised? I didn't think so. ;-) The titanic is sunk. And, they're going to accelerate unemployment and public hardship, IMO. And, commercial real estate will implode.

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To: DebtBomb who wrote (191749)3/19/2009 8:59:59 AM
From: Giordano Bruno
of 306825
 
Lol, Bernie " Mugabe " Bernanke.

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To: ajtj99 who wrote (191620)3/19/2009 9:01:28 AM
From: donc
of 306825
 
..plus the ratio behaves differently in bear and bull markets..maybe this is the real changeover..

donc

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To: DebtBomb who wrote (191754)3/19/2009 9:02:04 AM
From: Bank Holding Company
of 306825
 
Look at Freddie and Fannie. I keep thinking about that 1.5 Trillion (mr mortgage) estimate and the feds just sucked up 1.2 Trillion. Are freddie and fannie bond holders going to be made whole??? Once the option ARMS explode.

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To: Bank Holding Company who wrote (191757)3/19/2009 9:02:59 AM
From: DebtBomb
of 306825
 
Repeat after me....we will do anything to save banker buddies and the wall street gang.

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To: Bank Holding Company who wrote (191752)3/19/2009 9:04:36 AM
From: coug
of 306825
 
Actually I don't think it would be a bad idea to buy a GOOD used car now(1-2 years old) if one is in the market.. We bought a 07 MBZ last fall for a good price for just that reason..

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To: DebtBomb who wrote (191758)3/19/2009 9:06:31 AM
From: Bank Holding Company
of 306825
 
Yes I agree. I bought a house last may, a foreclosure, that was under the market. Now I'm under water prob 10 percent but i got a place to live and an affordable mortgage as long as the world doesn't come to an end. It disturbs me the feds printing all this money but i know they need to double the money supply every 7 years just to pay the interest on the existing money supply. So if you look at it that way. It is to be expected. The problem is when everyone else figures out the game and does the same thing. Man it gets complicated. Not a simple game any more.

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To: coug who wrote (191759)3/19/2009 9:08:40 AM
From: ChanceIs
of 306825
 
My wife and I just got a great deal on '04 Benz C240 wagon.

Just wished I had waited another month. Could have gotten away with highway robbery. I bought it from my mechanic of 20 years who occasionally goes to dealer auctions to cherry pick. OTOH, when you have a good mechanic, you want him to stay in business. Those puppies aren't cheap to fix although they last a long time. What goes around......

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To: Bank Holding Company who wrote (191752)3/19/2009 9:12:38 AM
From: ChanceIs
of 306825
 
Pelosi Backs New Car Sales Incentive Plan


By JOSH MITCHELL

WASHINGTON -- A proposal to boost auto sales by offering government-funded discounts to consumers who trade in old cars for new, more efficient models got a boost Wednesday from House Speaker Nancy Pelosi.


But the proposal, which also is supported by Detroit auto makers and the United Auto Workers, is coming under fire from some foreign auto makers critical of a provision limiting the vouchers to vehicles built in North America.

That limitation would exclude some of the most fuel-efficient cars and trucks sold in the U.S., including the Prius from Toyota Motor Corp.

A bill introduced Tuesday by Rep. Betty Sutton (D., Ohio) would provide on-the-spot vouchers between $3,000 to $7,500 to consumers who trade in old vehicles for new cars and trucks, Ms. Sutton said. The amount of the voucher would vary depending on the fuel economy of the car being purchased.

Older vehicles would have to be built at least eight years ago, and would be scrapped with their parts recycled. The new vehicles would have to meet a fuel-economy standard of 27 mpg on highways for cars and 24 mpg for light trucks, Ms. Sutton said. Consumers also could opt to receive a $3,000 voucher toward mass-transit fares in return for the old cars.

"The Speaker is supportive of this concept and looks forward to reviewing the details of Rep. Sutton's legislation," Drew Hammill, a spokesman for Ms. Pelosi (D., Calif.), said in an email.

The Treasury's auto task force said the administration generally supports the concept.

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To: ChanceIs who wrote (191761)3/19/2009 9:13:53 AM
From: coug
of 306825
 
There ya go..

And what you wrote about Meredith and CCs is spot on imo.

"Meredith knows best"

:)

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