RSS available
| MarketTicker Forums Read Message in Ticker |
User: Not logged on
|
| Top | Forum Top | Login | Control Panel | FAQ | Register | Logout |
| Showing Page 1 of 2 | First | 1 | 2 | Last |
| User Info | How Much BS Can You Take? in forum [Ticker] | ||||
|
Genesis Posts: 66463 Incept: 2007-06-26 
Royal Flush! 
|
http://market-ticker.org/archives/1097-H....
---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-06-08 22:29:24
| ||||
|
Ilikecoffee Posts: 908 Incept: 2008-04-17 
cold , AK
|
Your're on fire!
---------- You can trust the government, ask any American Indian. "When people lose everything and they have nothing left to lose, they lose it" Gerald Celente Last modified:
2009-06-08 22:42:27 by ilikecoffee
| ||||
|
Mrbill Posts: 1246 Incept: 2008-10-19
LA Online
|
Yeah, too many good tickers today. KD: The NYT article about the indebted woman I think said she had 143K in mortgage debt right now, not 200K. That was the value of her house at the peak. But that's likely still 80K in extra debt from a ~63K initial mortgage (20% down on 77K?), making it 7K extra or 30% a year. Last modified:
2009-06-08 22:50:16 by mrbill
| ||||
|
Genesis Posts: 66463 Incept: 2007-06-26
Royal Flush!
|
No no, it said she had $143,000 NOW, but the balance got as high as $200,000. She paid some of it off. ---------- I used to play flute; I wonder if I can play a fife? I incite prosecutors to create "Bubba Sausage Parking Lot" projects Darrell Issa has a middle finger and knows how to use it - Me 2009-06-08 22:50:13
| ||||
|
Lastchance Posts: 1011 Incept: 2008-11-19 Las Vegas
|
“Things seem to be getting worse more slowly. There’s some reason to think that we’re stabilizing.” That is apparently what he said. let's do a little editing. THINGS SEEM TO BE GETTING WORSE. Seem? ---------- "Since banking is based on confidence, what happens when you destroy confidence?" Retired Admiral "Mike" McConnell 11/8/09 2009-06-08 22:51:29
| ||||
|
Mrbill Posts: 1246 Incept: 2008-10-19
LA Online
|
Hm, I read it over, I thought the value of her condo swelled, not her mortgage. Not a very clear sentence for sure. Not sure how she would have paid off 60K of it with 26K of take-home pay. Could have used savings, but that doesn't fit with the rest of her 'sad sad story' :)
2009-06-08 22:53:05
| ||||
|
Blackswan Posts: 3361 Incept: 2007-11-06
Execution Pit Online
|
Glad I could contribute to a good challenge idea. Some one has to call out these clowns. I will buy the clown suit for him. http://www.buycostumes.com/Clown-on-The-.... ---------- The market can crash further then you can remain short. Trade the moon cycle not the tape you want. Last modified:
2009-06-08 22:57:45 by blackswan
| ||||
|
Kylafoon Posts: 458 Incept: 2009-02-05
Zombie Portal Lookout
|
Great Ticker!!! But, Krugman can forever coward behind a Nodel Prize. Krugman moved the markets???.... Right....In his wet dreams... Kick his Ivy League ass Karl... ---------- "Yes, Mr. President, you are correct. The US Constitution is no longer valid. Feel free to help yourself to the next crisis." 2009-06-08 22:57:13
| ||||
|
Etz3l Posts: 8658 Incept: 2007-06-26
|
You want BS??? Here: http://wayforward.jpmorganchase.com/onli.... ---------- I could slit my wrists and people would cheer - L. Blankfein.  http://www.youtube.com/watch?v=p8jm61vk2.... 2009-06-08 22:58:41
| ||||
|
Fortune Posts: 1385 Incept: 2008-04-21 A deep dark place...scary
|
Awesome ticker.
---------- It's a toss up. It is the Rule of Law that transforms assets into money: Martin Armstrong Math IS: Karl Denninger Legitimate questions deserve answers: Janet Tavakoli 2009-06-08 23:03:34
| ||||
|
Iou Posts: 116 Incept: 2009-03-16
|
I'm short a small position and just waiting to go all in. These coordinated news/pump jobs are so obvious it's funny. The only thing keeping this market up is manipulation. Tick tock, tick tock, ....  ---------- "When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it." - Frédéric Bastiat LEFT vs. RIGHT Look up shell game and shills. WAKE THE **** UP! 2009-06-08 23:04:10
| ||||
|
Blankfiend Posts: 1447 Incept: 2009-02-07
MA
|
If one has a fixed debt secured by collateral (think mortgage), when the value of that collateral rises, the fixed debt amount becomes a lesser percentage of the asset's value. Thus, asset price INFLATION prevents debt deflation. On the other hand, when the value of that collateral DECREASES, this brings about debt DEFLATION, also known as collateral deflation. The whole point of programs like the PPIP, TALF, and Fed efforts to lower mortgage rates is to re-inflate the value of the underlying asset to make the debt/asset value more reasonable. Think of it as improving/lowering the Loan-to-Value ratio. Treasury and the Fed have taken the stand that the recent fall in asset prices is NOT a reversion to normalcy, but rather an unwarranted and unreasonable decline. This is why they WILL NOT liquidate debt. Rather, they are attempting to transfer the marginal amount that the debt has deflated from the banking sector to the public sector. As a result, what was once a private sector problem has now become a sovereign problem. Consider the two basic ways to prevent debt/collateral deflation. 1. Reducing debt directly by defaulting a portion of it (ie, write-off part of the loan). or 2. Reducing debt indirectly through re-inflating the value of the asset. Now, consider also who directly benefits from approach 1 versus 2. 1 - borrower/consumer 2 - creditor/bank Bernanke and Geithner have chosen approach number 2 for a reason that goes beyond cow-towing to the financial sector. They realize that much of the debt in question is owed to our creditor nations. The U.S. has morphed into a consumer nation, which produces very little. We have been able to achieve this only through the funding provided by our creditors. Bernanke and Geithner know that defaulting on debt owed to these creditor nations could have drastic consequences. Unfortunately, the U.S. has passed a critical tipping point in its ascendency. Whether we choose to default debt or re-inflate asset prices, we will not return to the level of consumption we previously maintained. This will betray our part of the bargain with our creditor nations – that being to consume their products with borrowed money and to export our technology. When our creditors realize our incapacity to continue as before, the funding WILL stop, as it is already starting to do. At some point, the capital we have devoted to unproductive works has to either be repaid or written off. If either is inhibited by reflation or regulatory forbearance, then a cost is imposed on productive works, whether through inflation, higher interest, diversion of consumption, or taxation to socialize losses. Over time, that cost ultimately hollows out the real productive economy leaving only bubble assets standing. Without a productive foundation, as reflation and forbearance reach their limits, those bubble assets must deflate also. ---------- Sun Tzu: “Strike when victory is assured”. The events for which this period of American history will be most remembered have yet to occur. Last modified:
2009-06-08 23:11:45 by blankfiend
| ||||
|
2banana Posts: 84 Incept: 2008-02-25
|
Quote:Disclosure: Lightly short the broad market and will be shorter than a field mouse soon. Reading these Disclosures very carefully... 2009-06-08 23:22:20
| ||||
|
Honorius Posts: 354 Incept: 2008-05-21
Asylum
|
I can't wait to see the day when it is acceptable practice for academics to settle their disputes by swearing to eat the wall street journal and / or dress like clowns. The reason the market ticker is superior. ---------- "[...] the truth is demanded only when it supports a preset ideology" 2009-06-08 23:39:29
| ||||
|
Hihoherewego Posts: 507 Incept: 2009-02-25
|
Peter Schiff yesterday going 'KD' on the Peterson wonk on You Tube.....entertaining to say the least. http://www.lewrockwell.com/blog/lewrw/ar.... Last modified:
2009-06-09 02:32:19 by hihoherewego
| ||||
|
Reza30 Posts: 214 Incept: 2009-02-15
|
At least this crisis is having one intended effect. Remember, debt makes willing slaves out of people..jpg)
2009-06-09 03:06:11
| ||||
|
Arcone Posts: 2094 Incept: 2008-02-09 
NYCville
|
So I'm reading this kicker of a ticker while enjoying a full blown thunder and lightning storm directly above this grand city and I can't help but think of the collective wrath of the honest worker of this nation as contained in that thunder. Maybe the storm was sent from the west where most of this great country lies to wake up the bankers in their ivory towers that I'm surrounded by. But the frustration is in what Mm^^ told in that one thread. Simply when is the bull**** going to stop so families can be brought up without the stress of being destroyed financially by the ruling class? When? Karl, call Mark Levin. Let's get you on. Let's get you linked thru his site. He had another brilliant show tonight. He's calling out so called conservatives. He's demanding ownership of the issues that matter. He's well versed, and pessimistic, on the economy. But the other conservative talking heads haven't a clue because they are too busy with Jesus. Karl, I'm amazed you're pumping this out practically 24 hours a day. Please keep up this outstanding work. 2009-06-09 03:08:37
| ||||
|
Jhonab Posts: 175 Incept: 2009-03-24
Denmark
|
Karl, a couple of years ago I read the book (originally an essay printed in the magazine Raritan) On Bull**** by the retired philosophy professor Harry Frankfurt. The former professor asks the fundamental question: 'Why is there so much bull****?'If we are still around come Christmas, you may put in on your wish-list: "In the essay, Frankfurt sketches a theory of bull****, defining the concept and analyzing its applications. In particular, Frankfurt distinguishes bull****ting from lying; while the liar deliberately makes false claims, the bull****ter is simply uninterested in the truth. Bull****ters aim primarily to impress and persuade their audiences. While liars need to know the truth, the better to conceal it, the bull****ter, interested solely in advancing his own agenda, has no use for the truth. Following from this, Frankfurt claims that "bull**** is a greater enemy of the truth than lies are." Well, in fact it is a rather boring essay, gaining some sparkle from the apparent gap between the former professors highbrow academic style of writing and the notion ’bull****’. But – a lot of people here want you to hook up with x, link to y, get on the show hosted by z … and that is the highway to becoming a bull****ter. Once you are in any game in order to promote yourself, you have become a bull****ter. I run a one man business here in Denmark in the area of journalism and communications, and I work only with people or companies that I like or respect. Once you start bull****ting to win costumers, voters, believers – you’ve lost it. ---------- Last modified:
2009-06-09 04:52:08 by jhonab
| ||||
|
Wawawa Posts: 85 Incept: 2009-03-18 San Diego, CA
|
Krugman is over rated, I never had high regards for him.
---------- RAT RACE IS OVER, RATS WON :) 2009-06-09 07:34:32
| ||||
|
Escaping_east Posts: 107 Incept: 2009-04-19 Europe
|
Fantastic ticker, just reading today's tickers should be enough for everyone to understand at least in part what's going on. All this BS about things being to complicated to understand for the masses only helps them to get away with it, you're doing a splendid job in breaking things down so that anyone who wants to can actually understand it. How can people like Krugman do not understand basic math is beyond me. ---------- The problem with socialism is that eventually you run out of other people's money 2009-06-09 09:02:38
| ||||
|
Fortune Posts: 1385 Incept: 2008-04-21 A deep dark place...scary
|
Neat picture. The next one will be millions with rifles pointing them at Obamanopoly. ---------- It's a toss up. It is the Rule of Law that transforms assets into money: Martin Armstrong Math IS: Karl Denninger Legitimate questions deserve answers: Janet Tavakoli 2009-06-09 09:18:00
| ||||
|
Jata1 Posts: 2021 Incept: 2009-03-08
asia
|
Krugman had gone pretty negative on the admin a while ago, Obama must have invited him back to the table. Or had Timmy give him a bj.
---------- 2009-06-09 09:23:41
| ||||
|
Tesla Posts: 7276 Incept: 2008-04-03
Delaware
|
You all need to see what a few independent Democrats and the Republicans did to the NY State Senate yesterday. The ball towards real reform IS starting to roll - early days - but it's well worth watching. http://www.straitstimes.com/Breaking%2BN.... ---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata 2009-06-09 09:30:43
| ||||
|
Maddymax Posts: 1328 Incept: 2008-02-26
not sure anymore
|
for me i have just about done. Ready to pack everything in a prey the bond market collapses and take the high interest rates for my money then. This market is more insane than 2000. Giving it to wednesday then will probably pack it in till fall. thanks for all the hardwork and lessons.
---------- 10 year at 1.5 S and P 515 2009-06-09 09:38:05
| ||||
|
Markytom Posts: 179 Incept: 2009-02-19
|
Great Tickers yesterday and today. Thank you for the valuable information. A comment on: Housing MUST CONTRACT IN PRICE to a sustainable, affordable level. A huge problem is that the demand for houses was horribly screwed up - far too many 6000+ sq ft mcmansions were built. There aren't near enough people who can afford the maintenance of a mcmansion let alone the mortgage payment. And these same people would not be able to afford the rent on one today either. The same goes for other items such as boats, luxury cars, vacation houses, you name it. The overcapacity of inefficient and unaffordable "luxury" items has to be cleared too - mcmansions will be bulldozed, boats scuttled, new cars scrapped, etc. These actions will be an additional drag on the economy as more wealth is destroyed. Look at all the people who bought 8 mpg giant SUV's over the past 5 years. If they had bought a smaller car that gets 24 mpg they could save about $2500 per year (12,000mi/y, $2.50/gal) which, on a $16000 car loan, cuts the payment in about half with the gas savings alone. So few people think in these terms anymore. It ain't rocket science, or is it? As people not only save more, but make much more efficient use of their money the economy will contract even more than many expect. I'm keeping my eye on California as they seem to be leading to way into the new depression. Last modified:
2009-06-09 10:26:32 by markytom
| ||||
| Top | Forum Top | Login | Control Panel | Logout |
| Showing Page 1 of 2 | First | 1 | 2 | Last |