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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/851-Th....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-05 10:49:43
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Beausam Posts: 494 Incept: 2008-12-04 Florida
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Let em have it KD.....Let's handcuff all the bastards Huge perp walk is necessary. Tell em to put away the Stanford's and Madeoff's to divert our attention to the real fraud being perpetrated by the government. ---------- The function of the Government is to separate the peasants from their money by pretending to fail.....Reinhardt
2009-03-05 10:59:34
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Phirang Posts: 8824 Incept: 2008-10-25 
bar khoba's revenge
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After the recent VA stunt, I hope we can get enough angry vets to storm local governments and overthrow them.
---------- The Treasury can issue debt on your behalf because the State can and will stomp the wealth out of you and your family.
2009-03-05 11:04:11
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Will Posts: 76 Incept: 2008-12-26
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Thread music http://www.youtube.com/v/fhcflDSUMvc (edit: hmm... how does one add a youtube clip?) -- Phirang military overthrows are not a good form of revolution. Be wise to what you wish for. Last modified:
2009-03-05 11:08:15 by will
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Tnben Posts: 326 Incept: 2008-10-14
Memphis
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Quote:Oh, and that projection didn't include commercial real estate... Anyone have an idea of what we are looking at on the commercial real estate side? How do the numbers compare to the residential numbers?
2009-03-05 11:19:14
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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TN: Worse
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-05 11:20:35
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Tnben Posts: 326 Incept: 2008-10-14
Memphis
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Gen, That's what I thought, which points out the absolute folly of the bailouts. At best they are kicking the can a matter of months while setting unsustainable precedents, not to mention the serious moral hazard aspect. I don't see any way around total collapse.
2009-03-05 11:28:27
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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We're done. Go read the newest ticker. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-05 11:30:28
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Chainlink Posts: 521 Incept: 2008-10-26
Florida and Michigan Online
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Regarding commercial: Check out Mike Morgan's site "Behind Enemy Lines". Hope it's OK if I mention this link. Though specific to FL, it applies to many other overbuilt places. Nothing but empty hulks of commercial buildings and condos in our future. New commercial is 80% plus vacant, existing 30% or more.
2009-03-05 11:37:24
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Yep. I can confirm that on the CRE.
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-05 11:37:51
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Trades50 Posts: 1143 Incept: 2007-10-30
IL Online
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The GE CFO was on CNBS this morning trying to reassure investors. He said the concerns about GE's exposure to bad debt was over-blown and false. Seems like the market knows an the gig is up. I thought GE is exposed to 250 billion in bad loans. He's saying it's not true. Now you have the government pushing big to hide everything. They think if you pull the curtain over the rotten loans won't stink anymore. Still the same old actions by the government. It's business as usual for the government and Wall Street. More lies and deception. ---------- Labor for the Globalist: World Class means Third World Class.
2009-03-05 11:44:58
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Will Posts: 76 Incept: 2008-12-26
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Calculated Risk says the CRE bust will not be as bad. http://www.calculatedriskblog.com/2009/0.... Quote: There are currently some $2.5 trillion of commercial property loans on the balance sheets of financial institutions and in commercial mortgage-backed securities (CMBS) markets. In contrast, residential mortgage debt amounts to about $11 trillion. Some 25 percent of commercial real estate debt is securitized, compared with 60 percent of outstanding home mortgage debt. The volume of CMBS has more than doubled since 2003, a bit faster than the growth of overall commercial real estate debt. This is good data. Although the CRE bust will be significant, it will not be as large an impact as the residential bust.
2009-03-05 11:51:57
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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CRE is more levered. Go look at the cap rates of the deals done in the last five years. CR is wrong. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-05 11:55:11
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Shortqqq Posts: 314 Incept: 2007-07-20
las vegas
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I had lunch yesterday with the largest private CRE developer in Vegas and he told me Vegas CRE was going to look like Beirut without the bullets. I am not so sure the bullets will be missing.
2009-03-05 12:45:07
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Mdrive Posts: 632 Incept: 2007-11-26 
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gen... CR is way off base wrt CRE...i know people who own some of the least exposed types of commercial real estate (storage) and the cap rates are skyrocketing....(assuming you can even get a bid for solid properties) oh and it doesn't take a genius to drive around and see the mushrooming numbers of empty parcels with 'for lease' signs in formerly strong markets
2009-03-05 13:05:44
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Blankfiend Posts: 1736 Incept: 2009-02-07
MA
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Suggested call-sign change for Karl: GENESIS --> APOCALYPSE. ---------- My Elliott Wave Blog: http://blankfiendsew.blogspot.com/ Democrats and Republicans are like M&M's - different colors on the outside and full of brown stuff on the inside.
2009-03-05 13:50:06
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Wearedoomed Posts: 904 Incept: 2009-01-14
Petra
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Jthayer wrote..GENESIS --> APOCALYPSE Revelations sounds pretty fitting. ---------- The shrewdest of the great generals in China's history once said that perfection in war lay in so sapping the opponent's will that he surrenders without fighting.
2009-03-05 14:24:58
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Trappped Posts: 73 Incept: 2009-02-13 Banned
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KARL WROTE: "We haven't seen a day with the futures limit down in the AM in five or six years. We may well be headed for a few of them in the coming months." Not trying to be a nit, but we DID have one of those last October. I remember because I held some SPY short overnight and started covering in pre-mark. I'm pretty sure it was a Friday in October of '08. Futures were locked limit down 60 pts. Believe it or not we actually ended the day slightly higher or unchanged. Now that I think of it, it must've been Friday , Oct 10th. Maybe that's what we need to put in a tradable bottom. I'm not fully prepared for a crash. And honestly, a crash of epic proportions, in reality, Nobody wins, not even the shorrts.
2009-03-05 17:17:34
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Trapped, you might want to check the date on that ticker - that was a quote.
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-05 17:20:13
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Trappped Posts: 73 Incept: 2009-02-13 Banned
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My apologies, you're right, June of '07. Which means your prediction came true. My eyes are just tired I guess trying to keep up with all this news. Any prediciton for market action tomorrow ? :)
2009-03-05 17:27:09
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Wait for the video. Oh wait - you don't have a star :) ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-05 17:28:21
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Thrustvectoring Posts: 149 Incept: 2008-09-17
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Guess what, you can't trade real wages for household debt to maintain an illusion of rising standards of living forever.
2009-03-06 03:55:57
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Laura Posts: 3153 Incept: 2008-05-05
Florida Space Coast
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Yep!
---------- Karl's just a shill for Big Math. 1LumpSum Honey, where's the AK ? Tyler Durden My Ford focus can get me from point A to point B just as good Tigger's Cadillac. And my back door window is not broken. Mliu
2009-03-06 07:34:25
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