and thus we are poised to fall hardthat how it works willie flush all the shorts out of the market than tank.
amzn was up 25% yesterday on their earnings just squeezing the bejesus out of shorts
Just like sports, get off a team and they start winning.
Maybe Allah doesn't like gambling :think2:
i never said I was off the team. been adding short postions for several months now. I'm doing just fine been short alot of homebuilders they've been getting mauled for months now.
today D.R. horton reported 828 million dollar loss or 2.62 a share for the quarter getting ugly out their for the homies
been adding short postions for several months now. I'm doing just fine been short alot of homebuilders they've been getting mauled for months now.today D.R. horton reported 828 million dollar loss or 2.62 a share for the quarter getting ugly out their for the homies
Wells Fargo & Co. (NYSE:WFC - News), the second-largest U.S. mortgage lender, said on Thursday it will close its nonprime wholesale lending business, which processes and funds loans for third-party brokers, citing turmoil in the market for riskier home loans.
wells fargo closing shop on non-prime market.
Market acting very strange today, starting to look like panic starting to gain some traction here, can't hold any bounces, bond rates are getting slaughtered suggesting a rate cut coming, rest of day and tomorrow could be very very interesting.
[SIZE=+1]If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property, until their children will wake up homeless on the continent their fathers conquered.
Thomas Jefferson.[/SIZE]
We've obviously been in an inflationary stage now do they pull the plug and let deflation reign and the sheep's debt burden becomes even greater. Seeing deflation in home prices so far.
wells fargo closing shop on non-prime market.
Market acting very strange today, starting to look like panic starting to gain some traction here, can't hold any bounces, bond rates are getting slaughtered suggesting a rate cut coming, rest of day and tomorrow could be very very interesting.
[SIZE=+1]If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property, until their children will wake up homeless on the continent their fathers conquered.
Thomas Jefferson.[/SIZE]
We've obviously been in an inflationary stage now do they pull the plug and let deflation reign and the sheep's debt burden becomes even greater. Seeing deflation in home prices so far.
Keep telling me how good the U.S. economy is based on the stock market. The underlying fundamentals are shittier than shit. And the dollar lovers on here are clueless....I posted on this site about the housing market in July of 2005, the actual top of the housing market. You let the dollar get to 1.45 or worse and you will see much worse things than the housing market ever will get to....and its going to get worse.
Would you be kind enough as to elaborate?
Underlying fundamentals should be some objective list, right?
The dollar debate more subjective, but at least provide something.
between the housing bubble, the yen carry trade, debt taken on by companies to buyback stock, M&A activity, leveraged buyouts, and massive derivative market it will eventually all implode, and may be beginning now for that matter.
Who knows maybe they can find another bubble to hold us afloat? After housing peaked companies starting going insane on the M&A activity side of things and seems to have finally slowed down some of late.
Who knows maybe they can find another bubble to hold us afloat? After housing peaked companies starting going insane on the M&A activity side of things and seems to have finally slowed down some of late.
good article on other countries funding our current war vs. doing it with our own savings and investment as in past wars and what the ultimate repercussions will be
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Before the Stroke of Midnight
by Eric Janszen
Vice chairman of Goldman Sachs Robert Hormats is the latest observer to look up at the US foreign and domestic debt clock and see the hands about to strike midnight.
Recently Robert Hormats, vice chairman of Goldman Sachs (International), appeared before the U.S. House Budget Committee to "discuss an issue of great economic, financial and national security importance to our country -- the growing dependence of the United States on foreign capital." Currently we import $1 trillion new debt annually, with no repayment plans. That's a historic break from over two centuries of American policy.
Hormats was in Washington with warnings from his brilliant new book, "The Price of Liberty: Paying for America's Wars." He traces the history of American wartime financing from the Revolution through the War of 1812, the Civil War, the two World Wars and the Cold War to the present.
Conclusion: "One central, constant theme emerges: sound national finances have proved to be indispensable to the country's military strength" and long-term national security.
link to full article below
http://www.marketwatch.com/news/sto...x?guid={AE018C0F-A657-47E0-A53F-E67A522A775A}
---------------------------------------------------------------------------------------
Before the Stroke of Midnight
by Eric Janszen
Vice chairman of Goldman Sachs Robert Hormats is the latest observer to look up at the US foreign and domestic debt clock and see the hands about to strike midnight.
Recently Robert Hormats, vice chairman of Goldman Sachs (International), appeared before the U.S. House Budget Committee to "discuss an issue of great economic, financial and national security importance to our country -- the growing dependence of the United States on foreign capital." Currently we import $1 trillion new debt annually, with no repayment plans. That's a historic break from over two centuries of American policy.
Hormats was in Washington with warnings from his brilliant new book, "The Price of Liberty: Paying for America's Wars." He traces the history of American wartime financing from the Revolution through the War of 1812, the Civil War, the two World Wars and the Cold War to the present.
Conclusion: "One central, constant theme emerges: sound national finances have proved to be indispensable to the country's military strength" and long-term national security.
link to full article below
http://www.marketwatch.com/news/sto...x?guid={AE018C0F-A657-47E0-A53F-E67A522A775A}
buddy boy i'll rank those in terms of how big a lie they are:
1) low inflation. have you bought a house, gas, health insurance, or anything else the last 10 years? while wages have held steady those 3 items have roughly tripled.
the government considers a $1000 tv today to be DEFLATED in price from a $300 tv 10 years ago (because it has extra features/hd). if that isn't enough to scratch your head i don't know what is.
2) low unemployment. people that have given up looking are no longer on the list. try running an ad for a $10/hour secretary and see 200 resumes.
3) higher gdp. again this isn't inflation adjusted so if we make 5% less "stuff" and up the price 6% it shows gdp growth.
1) low inflation. have you bought a house, gas, health insurance, or anything else the last 10 years? while wages have held steady those 3 items have roughly tripled.
the government considers a $1000 tv today to be DEFLATED in price from a $300 tv 10 years ago (because it has extra features/hd). if that isn't enough to scratch your head i don't know what is.
2) low unemployment. people that have given up looking are no longer on the list. try running an ad for a $10/hour secretary and see 200 resumes.
3) higher gdp. again this isn't inflation adjusted so if we make 5% less "stuff" and up the price 6% it shows gdp growth.
nother 208 point haircut on the dow. scared yet bulls? probably just a normal correction.
white house drug out their economic advisors and had them massaging the drop from yesterday on CNBC this morning, seems like the manipulators behind the scene getting desperate to hold the ship afloat.
white house drug out their economic advisors and had them massaging the drop from yesterday on CNBC this morning, seems like the manipulators behind the scene getting desperate to hold the ship afloat.
