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 Strategies & Market Trends | The Residential Real Estate Crash Index

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To: saveslivesbyday who wrote (301893)1/4/2011 10:14:59 AM
From: TH of 306800
 
Saves,

I agree. Soon. Not sure how long it will last, but it might be vicious.

A number of good things developing on the short side. I really want to see yields on the long side stay near the upper end of the range for as long as possible, as I see those as rocket fuel to really get an equity rout started. So, delay as long as possible.

Greed is going to be the breaker here. I don't care what the bullclowns say, we all know that they know this rally has just been a game of chicken and now we move to the musical chairs phase.

Could be a very interesting month on the short side...at least until QE3 starts getting some press <NG>

GT
TH

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From: Giordano Bruno1/4/2011 10:27:24 AM
of 306800
 
While President Obama’s economic advisor Austin Goolsbee argued Sunday that a refusal by the Senate to increase the government’s debt ceiling (currently $14.3 trillion) would be “catastrophic” and a sign of “insanity,” that’s not the position the president has held in the past.

Here are Obama’s thoughts on the debt limit in 2006, when he voted against increasing the ceiling:

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.

In 2007 and in 2008, when the Senate voted to increase the limit by $850 billion and $800 billion respectively, Obama did not bother to vote. (He did vote for TARP, which increased the debt limit by $700 billion.)

Sen. Jim DeMint (R., S.C.) told Human Events in an interview released today that the decision about the debt ceiling “needs to be a big showdown” in the Senate.

“We are going to cut [spending] necessary to stay within the current levels, which is over $14 trillion,” said DeMint.

nationalreview.com 

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From: TH1/4/2011 10:27:49 AM
of 306800
 
Opened a new short on the DOW, via BGZ.

1/2 position.

GT
TH

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From: Giordano Bruno1/4/2011 10:48:09 AM
of 306800
 
'Crash taxes' are growing in popularity among cash-strapped California cities

latimesblogs.latimes.com 

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To: Giordano Bruno who wrote (301898)1/4/2011 10:59:16 AM
From: alanrs of 306800
 
So it appears that government is starting to charge on a per incident basis for police and fire services, just like a private company would? Hmmmm. Sure wouldn't want to get into a wreck there and have to haggle with the paramedics about whether I was going to get the gold or platinum service. Wonder if there are different rates for those in town (already taxed to pay for the equipment and pensions and whatnot) versus those drivers just passing through.

ARS

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To: TH who wrote (301895)1/4/2011 11:02:19 AM
From: yard_man of 306800
 
won't be any QE3 -- probably not even rumours, except for CNBC, of course.

gold always dumps first ... methinks some wonderful buy opptys are ahead in mining. Sorry for the bullishness -- I'll try to keep it contained <g>

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From: Les H1/4/2011 11:03:03 AM
of 306800
 
Downtown Chicago’s once-booming condominium market is headed back to a construction slowdown reminiscent of early 1990s, experts say.

As new-construction units become an endangered species, condo buyers in 2011 likely will be forced to shop the resale market, predicted Gail Lissner, vice president of Appraisal Research Counselors, Ltd., Chicago’s top condo appraisal firm.

That gloomy outlook is forecast in “Downtown Chicago Residential Benchmark Report,” the latest analysis by Appraisal Research on the condition of the condominium market in Central Business District, which includes the neighborhoods of the Gold Coast/Near North, South Streeterville, River North, West Loop/River West, South Loop and the Loop/New Eastside.

searchchicago.suntimes.com 

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To: yard_man who wrote (301900)1/4/2011 11:07:44 AM
From: TH of 306800
 
pg,

No QE3?

Hmmm, I'm not as certain as you are.

As a guy we both know and respect once said, Summers and Bernanke will never stop doing what they are doing, for to do so would prove their entire academic careers were based on a fraudulent foundational. I paraphrase, but that is what THE MAN said.

So, unless someone stops that assclown, QE3 will be the path.

Sure, great buying opportunities once we bottom. I'm a bit more bearish this round. I think gold MUST test at least 1280 at some point and maybe 1170-1180 before the third phase uber-bull mania starts. I'm not saying that will happen on this pullback, but it should at some point. It is a good thing for the chart.

GT
TH

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From: TH1/4/2011 11:18:22 AM
of 306800
 
What possible reason could there be for the PPT NOT showing up for once?

To drive em back into bonds. That is my angle for all the open plays, so I'm ignoring everything except rates. If they can drive the Ten back to the 2.75 range, I'll cover as I expect at that point the "risk on" game will begin anew.

GT
TH

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To: Lazarus who wrote (301860)1/4/2011 11:28:29 AM
From: koan of 306800
 
Gold was just following the rest of the commodities today. OIl down $2.50. The commodities needed a rest.

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