tag:blogger.com,1999:blog-6568749253826790814.post4583238993220485343..comments2024-01-05T10:11:27.498+00:00Comments on Soot and Ashes: The World AFTER the Crash: Is the worst over?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger64125tag:blogger.com,1999:blog-6568749253826790814.post-16524014488037995952009-09-22T19:18:49.156+01:002009-09-22T19:18:49.156+01:00How many of these Asians took out an Option ARM lo...How many of these Asians took out an Option ARM loans or speculated on more then one home. <br /><br />http://www.clickorlando.com/<br />money/21046418/detail.html<br /><br />Asians, many of them living in foreclosure-ravaged California, suffered the sharpest drop in homeownership last year, eclipsing declines felt by whites, blacks and Hispanics, according to new Census data.<br /><br />http://www.sfgate.com/cgi-bin<br />/article.cgi?f=/c/a/2009/09/20<br />/MNOR19N2B1.DTL<br /><br />In the five-county San Francisco area, option ARMs average about $584,000 and were used to buy homes averaging $823,000, according to an analysis of First American data.<br /><br />Of the 10 metro areas nationwide with the most option ARMs, three are in the Bay Area, according to Fitch Ratings<br /><br />Together, these areas account for the second-most option ARMs in the country, although they are still far behind the greater Los Angeles areaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-73283066056597136372009-09-16T03:14:53.556+01:002009-09-16T03:14:53.556+01:00The pain will be worth it so that the Libertarian ...The pain will be worth it so that the Libertarian New World Order can be born.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-46011036531282388282009-09-09T03:14:08.994+01:002009-09-09T03:14:08.994+01:0011. July consumer credit falls a record $21.6 bil...11. July consumer credit falls a record $21.6 billion. Consumer spending, accounts for 70% of gross domestic product.Psychohttps://www.blogger.com/profile/04606741782639015435noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-34127229996868306462009-09-09T01:26:58.930+01:002009-09-09T01:26:58.930+01:00Keith,
Looks like alot of paranoia going on h...Keith,<br /> Looks like alot of paranoia going on here. C'mon unemployment is going down not up monthly, the stock market is for suckers but always has been, it's the same with commodities and gold. I happen to believe in people like Warren Buffet who said...yes we're in trouble but don't bet against America. Six months from now you may all look like fools calling for more DOOM coming, and then six months from then when it doesn't transpire it will be another six months from then. We're certainly in for a rough ride because of the last 8 years of the biiggest wankers to ever govern the U.S. But all will be just fine don't bet against America-Inc.<br />MortMort Gagenoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-32675311085201056292009-09-08T18:54:11.357+01:002009-09-08T18:54:11.357+01:00Keith,
Can you coment on your opinion of why the ...Keith,<br /><br />Can you coment on your opinion of why the Banks are not releasing the Foreclosure to the for sale market and are holding on to all these homes? I would love your input. I've been scratching my head over this one for a bit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-38395897228881953232009-09-08T03:51:03.361+01:002009-09-08T03:51:03.361+01:00Back in March, I was getting that feeling, "m...Back in March, I was getting that feeling, "man this Market has to turn"...then boom.<br /><br />Now, I am getting the same feeling again, just on the opposite end of the spectrum...the market has to turn down...I agree with Keith. I think it is just matter of days...<br /><br />Maybe 09/09/09? That's only 2 days away.ACnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-42324969720063131282009-09-07T18:18:59.719+01:002009-09-07T18:18:59.719+01:00Kdog,
Keep posting a-hole! If you go away again I...Kdog,<br /><br />Keep posting a-hole! If you go away again I will have to beat you down!!!!<br /><br />Ha-ha! <br /><br />But really, hope business is booming wherever you are.<br /><br />Best!Big_Jhttps://www.blogger.com/profile/07233782287640822449noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-1504720076697639512009-09-07T18:11:06.708+01:002009-09-07T18:11:06.708+01:00In the words of Monty Python:
"Is this some ...In the words of Monty Python:<br /><br />"Is this some kind of joke?"Afterthoughtnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-73513989080288312532009-09-07T11:36:30.391+01:002009-09-07T11:36:30.391+01:00euonymous, "shits 'n' giggles" i...<b>euonymous</b>, "shits 'n' giggles" is not a negative term. It denotes slinging shit, like a poo-flinging monkey, mainly for larfs.<br /><br />I don't take the commentary on Keith's blog seriously. What I write is true, and it represents what I believe. But ultimately, it's all sound and fury, signifying nothing.<br /><br />It's like a bar full of drunks, all yelling in slurred voices. Only since it's teh Internets tubez, nobody's gonna get punched or shot. To me, this is all just amusing "My dick is bigger than your dick" bullshit, thus giving me "shits 'n' giggles." I would hope it's the same to you. A meaningless, obnoxious debating society.<br /><br />As for moving to B.C., I am not pleased. I'm too old for this moving-across-the-ocean stuff, and it's going to cost upwards of $10K Australian, even after the $5K Canadian my new employer will comp me. And it's cold in Canada.<br /><br />Canadians are nice people, and I'll have a good union job. But compared to these loveable, drunken, silly Aussies, Canucks are boring. However, if I refuse to move, Mrs. Bukko divorces me and goes back to the U.S. And there goes half the money! F@ck that. Bukko knows when to stay on Easy Street. Even if I have to work hard to stay there.Bukko Boomerangerhttps://www.blogger.com/profile/02424677168216647964noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-40198937644599684462009-09-07T04:04:22.707+01:002009-09-07T04:04:22.707+01:00"Wise words Keith, so good to have you back.&..."Wise words Keith, so good to have you back."<br /><br />I second that emotion.Rob R.https://www.blogger.com/profile/01042541530187059468noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-91900238064348408522009-09-07T03:36:20.626+01:002009-09-07T03:36:20.626+01:00Bukko said:
"I read your blog for the shits ...Bukko said:<br /><br />"I read your blog for the shits 'n' giggles of having pissing matches with anonymous ding-dongs. But I read TAE for real info."<br /><br />Damn, Bukko... I was just starting to respect you, and even almost posted a little note of congratulations re: moving to B.C., etc.<br /><br />Pfffft.<br /><br />So, did you write the above "shits 'n' giggles" crap because you just had a bad day, or are you confirmed BPD?euonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-80663282715156448572009-09-07T02:40:55.995+01:002009-09-07T02:40:55.995+01:00Bukko,
Thanks for sharing with us what you read.
...Bukko,<br /><br />Thanks for sharing with us what you read.<br /><br />I remember you from months back before Keith rode away on his horse. (Prepared for his Senate Run if you believe that he and Schiff are the same dude like I do sometimes LOL). <br /><br />I think your comments are very insightful and I look forward to reading your comments on the topics that have been posted here lately. <br /><br />I think we should all learn from each other and that's what makes a great blogshere!<br /><br />Thanks bro!!!<br /><br />RayNLAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-24360044454541451092009-09-06T22:56:41.026+01:002009-09-06T22:56:41.026+01:00"...reduced lighting levels..."
Heh. S...<i>"...reduced lighting levels..."</i><br /><br />Heh. Seen the same thing at two local Vons groceries/San Diego. Also articles about municipalities turning off their streetlights.<br /><br /><i>"...Anyone who thinks our healthcare system is NOT broken just has not been a victim of it yet..."</i><br /><br />All the hullaballoo over Death Panels is well-justified.<br /><br />Unfortunately, the Rubes ignore <a href="http://www.salon.com/news/feature/2009/08/11/denial_of_care/" rel="nofollow">who really runs them.</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-32173520039268104732009-09-06T22:56:29.794+01:002009-09-06T22:56:29.794+01:00Keith, The tax revenues for '09 (#11?) will be...Keith, The tax revenues for '09 (#11?) will be the yellow weed that breaks the camel's back. The US = all hat & no cattle.<br /><br /><br />@ Andrew from RU: My man!Banana Republicratnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-76619998741827184762009-09-06T21:52:00.944+01:002009-09-06T21:52:00.944+01:00.
You will be hearing of wars and rumors of wars....<br /><br /><br />You will be hearing of wars and rumors of wars. See that you are NOT frightened, for those things 'must' take place, but this is not yet the end.<br /><br /><br /> Matt 24:6<br /><br />.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-58320280384838040862009-09-06T18:28:46.056+01:002009-09-06T18:28:46.056+01:00I am starting accounting school this week. I'...I am starting accounting school this week. I'm gonna get to the bottom of this mess, dammit. <br /><br />Your worry-makers are interesting Keith. Esp. the terrorist attack specter.. but do the Dems want to take the hit for that happening on their watch? That would kill them in the next election, "look what they let happen", etc<br /><br />I could see some sort of shit going down which sends the .gov into lockdown mode and it could be used as an excuse to default on national debt too... <br /><br />Of all the worry makers, I am wondering the most about the US defaulting, as a ploy to save the dollar somehow... anyone making odds?<br /><br />- msNJAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-81212860847383745912009-09-06T17:57:01.187+01:002009-09-06T17:57:01.187+01:00One more thing for ya, keith and others...Wall Str...One more thing for ya, keith and others...Wall Street is already cooking up its next bubble..and its vicious and evil in the worst possible way:<br /><br />http://contraryriches.blogspot.com/2009/09/wall-streets-next-bubble.htmlContraryRicheshttps://www.blogger.com/profile/07819868349746825661noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-9921101933431644162009-09-06T17:40:53.711+01:002009-09-06T17:40:53.711+01:00Keith, I am torn about where the "crash"...Keith, I am torn about where the "crash" is likely to rehappen. I was not a strong bull in March but thought that things were beaten down too far not to bounce back up. At the moment, I think there is a battle between bulls and bears that is still a struggle, so I think the market will churn on in a range of 200 points up, 200 points down from today.<br /><br />So here are a few bull points: <br />1) A lot of RE investors are buying REO homes <br />2) The RE 8000 dollar tax credit is causing more people to buy homes, which gooses state tax revenue, does result in better spending, etc <br />3) The government will likely extend that tax credit out <br />4) Nothing is getting done in Congress (gridlock is good for the markets) <br />5) Over 80% of the stimulus bill has yet to even leave Washington DC. <br />6)Everyone who did the "sell in May and go away" refrain lost money big time in this summer's bullish market. So why shouldn't the old belief of Oct being a bad market month be true? Maybe the market tumbles in December<br /><br />Doug Kass has advice for some who may be bearish in their thinking: http://www.thestreet.com/story/10593715/1/kass-seven-things-to-do-now.html<br /><br />investorinpaContraryRicheshttps://www.blogger.com/profile/07819868349746825661noreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-38793979129289357682009-09-06T17:39:49.048+01:002009-09-06T17:39:49.048+01:00There is something up with China. I think it will ...There is something up with China. I think it will be the key to start the second downfall.<br /><br />Some things to ponder over...<br /><br />1. China derivatives market.(Big disaster waiting to happen)<br />2. China's stock (bubble) market decline.<br />3. Hong Kong pulling all it's gold out of London.<br />4. China buying and storing (hoarding) all commodities. <br />5. China raising foreign investment limit from 800M to 1B. (Maybe a pump and dump scheme).<br /><br />Think about it. Something could happen as early as tonight, since the U.S. market is closed on Monday.<br /><br />JP Morgan Chase and Goldman Sachs could be negatively effected by the China derivatives players.<br /><br />Maybe a conspiracy theory, maybe not. You decide.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-52779903475428716802009-09-06T17:21:52.862+01:002009-09-06T17:21:52.862+01:00Wise words Keith, so good to have you back.
Here ...Wise words Keith, so good to have you back.<br /><br />Here in CA I know many who did/are living for 18 months free. You are correct...how can that end well?<br /><br />And as another poster noted, what will become of the economy when the squatters have to start paying rent instead of stimulating PF's Changs and Macy's?<br /><br />In my little area there are 6 bank owned homes, empty for over a year (three at 2 years), banks won't sell them though. Most people who drive by them everyday don't know they are empty, banks send people out to mow the lawns, keep porch lights on and neighbors park cars in the drives. <br /><br />If you search out the "shadow inventory" you'll be scared. <br /><br />Bankers are going to end up with our tax money AND owning a lot of the infrastructure. <br /><br />GT CharlieAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-81895820340899811142009-09-06T17:19:14.145+01:002009-09-06T17:19:14.145+01:00Here are a few observations from my tiny corner of...Here are a few observations from my tiny corner of the real world. The economy is a set of contradictions, high unemployment, but crowded bars and restaurants. Crazy levels of debt, but autos and cheap houses selling well.<br /><br />Now a couple of anecdotes:<br /><br />1) Went to a real estate auction for a house on 5 acres originally offered at $1.25M. The property is REO and the bank's rules stated that they reserved the right to accept or reject any bid. The final bid was $615K, but after five weeks the place is still vacant and it looks like the bank bailed and is still sitting on it. They are carrying an asset that is obviously "impaired", but as long as it doesn't close, who's to know?<br /><br />2) Our local Wal-Mart is remodeling its super-center. The "new" decor seems straight out of the 1950s with dark-colored peg-board shelving, fewer choices in groceries, and reduced lighting levels. It looks to me like the world's largest retailer sees a more austere future for its customers in the USA.<br /><br />I can't make sense of what is happening, but I do agree with Keith that something doesn't feel right about this "recovery".slim jim in COnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-84009094718635886582009-09-06T17:13:16.759+01:002009-09-06T17:13:16.759+01:00The jobs that we are losing are jobs that will nev...The jobs that we are losing are jobs that will never come back.<br /><br />Many stores are pining their future on Christmas sales. This Christmas will definitely be worse than last Christmas. Anticipate more store closures afterwards.<br /><br />State governments will start laying off people this fall, usually October. <br /><br />Bad unemployment numbers in October, will lead to a stock market downturn. Dow 6000, S&P 650.lesnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-1228071577861132552009-09-06T17:00:46.771+01:002009-09-06T17:00:46.771+01:0011) Fucked up healthcare even for those with insu...11) Fucked up healthcare even for those with insurance.<br /><br />12) Most of the "hope for change" from Obama fading into banker bonus fog. What little we had to be hopeful for in Gov. is gone.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-66171155704019688252009-09-06T16:53:10.825+01:002009-09-06T16:53:10.825+01:00Worst still coming.
National Healthcare: I h...Worst still coming. <br /><br />National Healthcare: I have insurance, I pay $1400 per month for family. Son has minor accident goes to emergency, they see insurance and throw the expensive/unneccessary test... book at him. <br /><br />$99 Ibuprofin, no shit! I get bill for $3486.23 after insurance pays. Anyone who thinks our healthcare system is NOT broken just has not been a victim of it yet.<br /><br />Should people be upset over the speech Obama wants to give our kids? If he had not lied to us to get elected maybe we would not be so suspiciuos of what he wants to tell our kids?????<br /><br />Stay away from our kids you lieing fucker. Give your banker buds a speech instead.<br /><br />Multi-million dollar banker/Wall street bonuses still going big. Hopefully the worst is still coming for them in a big way.<br /><br />GT CharlieAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6568749253826790814.post-74229826503022374892009-09-06T16:29:18.069+01:002009-09-06T16:29:18.069+01:00People have a way of not remembering my accurate p...People have a way of not remembering my accurate predictions. <br /><br />I figure they just want to anger me so that I substantiate my new claims with data and fundamentals.<br /><br />I am still talking to people who are buying gold and stocks because they don’t like cash. <br /><br />I am still talking to people who think the sub-prime crisis is over. I am just starting to hear people complain about sales in consumer luxury goods. <br /><br />I cant wait to see another herd of sheeple loose their skins to the pros. <br /><br />I was telling someone a few weeks ago that I am out of gold long term and that even though it may go up as high as $1500, I think it is risky and dangerous. I take my profits on physical the day that I buy so as to not loose to the market.<br /><br />They told me yesterday that my prediction was that gold would go down and that since it was up, my prediction was wrong.<br /><br />I am beginning to think that it is more fun to not discuss my opinions with these folks and instead make sharp comments when they loose their asses to crush their spirits.<br /><br />Once their spirits are crushed, I can purchase their chattels for pennies on the dollar.Devestmenthttps://www.blogger.com/profile/13704339847524381868noreply@blogger.com