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Hear canaries in coal mines
Feel bird in the hand
That's our bird "Birdie" and that's my hand. :)
Inspired by the vacation pictures seen at Economic Disconnect.
ICE: Mortgage Delinquency Rate Increased Year-over-year in October
-
From ICE: ICE First Look at Mortgage Performance: Serious delinquencies hit
17-month high while foreclosure activity remains historically muted
• At 3.45% ...
3 hours ago
5 comments:
Stag,
High fees! They're a feature, not a bug!
http://www.reuters.com/article/idCNN0425166320100504?rpc=44
What a CONcept. Collect fees and then distribute a portion of the fees as earnings. What could be better than that!
Stag,
More good news! Check out the growth in our eCONomy:
http://www.housingwire.com/2010/05/04/commercial-mortgage-delinquency-soars-to-historic-high
Have I mentioned that we have ~ 39.4 million people on food stamps! That's ~ 13% of the population of the United States.
Food stamp use is growing at a double digit rate and the second derivative looks strong!
It's a growth industry. All we need is some food stamp CDOs and we can monetize the growth.
Getting the eCONomy going and debt flowing is a SNAP!
http://www.fns.usda.gov/pd/34SNAPmonthly.htm
Mark I found this article over at Financial Sense:
Is China’s Recovery a Fraud?
by James Quinn
"Hedge fund manager Jim Chanos, renowned for smelling out the Enron fraud before everyone else, had this to say about the Chinese real estate market: "I do see all of the signs of a credit-induced real estate bubble that I think is going to be a doozy."
"Combined with a real estate collapse, the Chinese miracle will reveal itself to be another debt-induced fraud. This will be another step towards the Greater Depression."
http://tinyurl.com/296yfsj
mab,
Collect fees and then distribute a portion of the fees as earnings. What could be better than that!
Never underestimate the willingness of investors to pay higher fees for higher earnings apparently, lol.
Have I mentioned that we have ~ 39.4 million people on food stamps! That's ~ 13% of the population of the United States.
I have a solution to our problems. We simply bet on our own demise! Think about it. Let's say we're destined to lose 100% of our economy. What if we bet on that though and use 100-1 leverage. We'll be SO prosperous that nobody will need food stamps again.
Just one problem. We need to find someone to take the other side of the trade. I'm thinking Greece? We could package it up as a rescue aid program. I mean really, it would be a sure thing for them. Nobody ever made money betting against America or fighting the Fed. They'd have a "sure thing"! That's what we'd tell them anyway.
watchtower,
"Combined with a real estate collapse, the Chinese miracle will reveal itself to be another debt-induced fraud. This will be another step towards the Greater Depression."
I've worked under that belief since I started this blog. I felt China was trying to recreate our Great Depression.
December 10, 2007
China's Stuck up the Inflationary River
Of course, the best way to get unstuck is to eventually experience a Great Depression based on excess manufacturing production capacity built upon a sea of unsustainable growth. Just a theory.
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