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Preview: Comments on: Bits Bucket And Craigslist Finds For August 22, 2007

Comments on: Bits Bucket And Craigslist Finds For August 22, 2007



Examining the home price boom and its effect on owners, lenders, regulators, real estate agents and the economy as a whole.



Published: Sat, 19 Aug 2017 11:37:06 +0000

 



By: ACH

Thu, 23 Aug 2007 04:34:00 +0000

CNBC talking heads are declaring that the market is again focussed on fundamentals and all is well. Roidy P.S. Thank goodness! (sarcasm off)



By: Sally OMaley

Thu, 23 Aug 2007 04:12:20 +0000

Dunno...here are some reviews. "Amity Shlaes is a distinguished American columnist and author of The Greedy Hand, a plea for tax cuts that is said to have influenced President Bush, among others."



By: Sally OMaley

Thu, 23 Aug 2007 03:29:44 +0000

I've not signed ANY on-line petitions after someone sent me the following - IN CASE YOU DIDN'T KNOW... The truth about Email Petitions......... To whom it concerns. Email petitions are NOT acceptable to Congress or any other municipality. To be acceptable, petitions must have a signed signature and full address. Almost all email that asks you to add your name and forward on to others are similar to that mass letter years ago that asked people to send business cards to the little kid in Florida who wants to break the Guinness Book of Records for the most cards. All it was and all this email is, is to get names and "cookie" tracking info for tele-marketers and spammers to validate active email accounts for their own purposes. Any time you see an email that says forward this on to "10" of your friends, sign this petition, or you'll get good luck, or whatever, that email has either an email tracker program attached to it that tracks the cookies and emails of those folks to whom you forward, or the host sender is getting a copy each time it gets forwarded and then is able to get lists of "active" emails to use in spam emails or to sell to others who do. FYI - If you want to forward stuff because it's interesting, then do take off all the "front" info and all the forwards and DON'T add your name to them. Be careful. Copy this info & place it in an email to others and you will be providing a good service to your friends and will be rewarded by not getting 30,000 spam emails in the future. I delete all petitions no matter what they promote. If anyone can show me where a petition has ever had any results I will reconsider. Give everybody a break by not forwarding all those petitions.



By: GetStucco

Thu, 23 Aug 2007 02:52:18 +0000

Given the liquidity shortage, it is amazing all these CBs can find the cash to pump in to prop up markets. Where does it all come from? Central Banks Inject More Cash By Joellen Perry, Carrick Mollenkamp and Emese Bartha Word Count: 739 | Companies Featured in This Article: Barclays Amid persistent fears of a global credit crisis, central banks world-wide continued pumping cash into money markets. The Federal Reserve injected $3.75 billion, following the $3.5 billion it put into markets Monday. The European Central Bank allotted €275 billion ($371 billion) in one-week funds, which is €46 billion more than it estimated banks need for routine business. And the Bank of Japan put 800 billion yen ($6.96 billion) into its market, following an infusion of one trillion yen Monday. http://online.wsj.com/article/SB118769149419503941.html



By: GetStucco

Thu, 23 Aug 2007 02:50:06 +0000

Expect the unexpected from now on. GM Cuts Reveal Troubles Sector Faces Threat Of Extended Slump Amid Sales Decline By JOHN D. STOLL and NEAL E. BOUDETTE August 23, 2007 General Motors Corp.'s move to cut production of full-size pickup trucks is underscoring fears that the auto industry is headed for a longer and more painful downturn in the U.S. than many had expected. A longer downturn, industry observers say, could threaten the turnaround plans of GM and the two other U.S.-based auto makers. U.S. auto sales declined sharply in June and July as falling home values and credit worries damped consumer interest. Early reports from dealers and market researchers have shown slight or no improvement this month compared with what was regarded as an unusually weak August a year ago. The sales weakness has hit both Detroit's Big Three and Japan-based auto makers like Toyota Motor Corp., which saw U.S. sales drop last month after a string of healthy increases. http://online.wsj.com/article/SB118779383578005349.html?mod=hpp_us_whats_news



By: GetStucco

Thu, 23 Aug 2007 02:47:58 +0000

U.S. Loan Delinquencies Jump By Damian Paletta Word Count: 680 Loans at least 90 days delinquent rose in the second quarter by $11.4 billion, or 36.2%, compared with the second quarter of 2006, the Federal Deposit Insurance Corp. said Wednesday, marking the largest increase in 16 years. The new data, released as part of the FDIC's Quarterly Banking Profile, illustrates a banking industry under pressure even before credit and liquidity markets worsened this month. Banks also charged off $9.2 billion in bad loans in the second quarter, 51.2% more than they charged off in the second quarter of 2006, the FDIC said. http://online.wsj.com/article/SB118780928976605536.html?mod=hpp_us_whats_news



By: Sally OMaley

Thu, 23 Aug 2007 02:27:57 +0000

I know several really smart tech folks who have been laid off unexpectedly in the last month. I also know that layoffs are expected at both Sun and Intel.



By: Sally OMaley

Thu, 23 Aug 2007 02:14:05 +0000

I used to like it more than I do now!



By: Sally OMaley

Thu, 23 Aug 2007 02:11:24 +0000

"the Spiegel ran an article yesterday about the psychological stress of Wall St bankers. That article (’they have such a hard life’) was longer than any analysis of the current CDO situation they published in last ten days." Amazing.



By: tcm_guy

Thu, 23 Aug 2007 01:49:49 +0000

Kind of like selling health insurance to people with a pre-existing medical condition. This is exactly what Kentucky did some years back when they "reformed" health insurance in KY. What happened next was a vacuum of health insurers in KY. If you now want to purchase your own health insurance in Ky you have only two options: Blue Shield or Fortis. A few years ago there was no choice, as Fortis recently re-entered the KY market. I wish I had more choices, but what can you do? Got 10% down?



By: Big V

Thu, 23 Aug 2007 01:14:08 +0000

Thanks for your input, TX. I gain confidence in my own moronic moves when I hear your doing similar things.



By: Big V

Thu, 23 Aug 2007 00:50:53 +0000

Why does the Fed care about stock prices? Do they really think it's their job to prop up asset markets? $hit.