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IndexMundi: Commodities
ICE: Mortgage Delinquency Rate Increased Year-over-year in October
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From ICE: ICE First Look at Mortgage Performance: Serious delinquencies hit
17-month high while foreclosure activity remains historically muted
• At 3.45% ...
1 hour ago
26 comments:
Here's a link for those curious about the title of my post. I will warn you that curiosity killed the cat though.
Digitus Impudicus
According to Gestures: The Do's and Taboos of Body Language Around the World, by Roger E. Axtell, in former Persia, mainly Iran and Iraq, a gesture involving exposing only the thumb in a vertical orientation--a thumbs up--is used in lieu of the finger to express roughly the same sentiment.
For example...
Thumbs up: Tax-credit plan a logical step to aid economy
The evidence both locally and nationally is that the tax credits helped increase housing sales, which is an important driver of the nation's economy.
Yes indeed! Here's a big thumbs up to that! *sarcasm*
Calculated Risk: Senate Bill would extend Housing Tax Credit Closing Deadline
I've wasted enough posts explaining why this was a poor use of taxpayers' money...
Haha!
Even Calculated Risk was down on the extension move, so you know it has to suck.
Perfect allegory for the credit card industry:
http://www.redmeat.com/redmeat/2010-01-19/index.html
or
http://tinyurl.com/2u5ml2z
Love it!
GYSC,
Let's f*** it, we should f*** the housing extension. Just stick a f*** in it. Housing's going to f*** anyway. It's its ultimate f***. I've had enough of housing investors getting f***ed!! Can't you f*** the f***? To f*** more houses just adds f*** to the fire. We should not be f*** of that. It's just one f*** mess after another. Haven't we had our f*** yet? It is f*** prosperity. We should learn to f*** for ourselves. I'm f*** of a good f*** just as much as the next guy, but this is getting ridiculous.
I think you know what I'm saying here. Let me spell it out again in plain English.
Let's face it, we should fail the housing extension. Just stick a fork in it. Housing's going to fold anyway. It's its ultimate fate. I've had enough of housing investors getting fooled!! Can't you feel the fear? To flip more houses just adds fuel to the fire. We should not be fans of that. It's just one fine mess after another. Haven't we had our fill yet? It is fake prosperity. We should learn to fend for ourselves. I'm fond of a good fiat just as much as the next guy, but this is getting ridiculous.
That's what I said. Why? What did you think I said? ;)
GYSC,
From your link...
Arboreal placement? Hahaha!
Hey, maybe we can use trillions in new government debt to set up...
The Department of Arboreal Job Placements
Public service ad campaign idea...
Are all these jobs real?
They are better than that!
They are arboreal!
Wow you are really hot tonight! Must be the cool room from the AC!
You don't want to know my opinion of the housing market. Over the last ten years, I've probably been in over 1500 homes, everything from mansions to shacks, bare shells of former houses stripped down to bare concrete floors and exterior walls. In the heat, mind you.
Of all those houses, even the really nice ones, you know how many I would buy? None.
My condo is paid for and I'm not moving anywhere for at least a decade.
GYSC,
It was a good night. I see no f*** in the AC, at least not yet.
And by f***, I mean "flaw" of course. ;)
GawainsGhost,
I have a good friend who rents not far from Microsoft in Redmond, Washington. He sees a massive glut of condos. They were built under the belief that Microsoft would endlessly expand.
My friend just had his rent lowered by $100 and that does not bode well for the glut.
Sad Day For Microsoft: 5,000 Laid Off, Earnings And Revenues Down
In the midst of declining earnings, Microsoft announced today that it will be laying off up to 5,000 people over the next 18 months, or about five percent of its total workforce. Of that amount, 1,400 are losing their jobs today. Microsoft also says that it will continue to hire and that the net headcount reduction over the next 18 months should amount to between 2,000 and 3,000. The layoffs, along with salary freezes, the elimination of contract workers, lower marketing spending, and other measures are expected to reduce operating expenditures by $1.5 billion this fiscal year.
You will note that the article was written about 18 months ago.
Back when I was in college here is an old trick I used to use to GREAT success!
I had a huge air conditioner that my Dad grabbed from one of the Railroad offices. This thing was indutrial power, no joke. I put it in my bedroom and always closed the door. When we had parties (often) or out on the town (often) in the dog days of summer I would mention the cool room to ladies and they would always be like "I want to hang out there for a bit!". No problem dear! 90% of the time they wanted to spend the night, and that worked for me! HEEHEEHEE! We just would talk all night in case my wife ever sees this.
Your results may vary. It was like sex panther; 60% of the time, it works everytime!
Salt will hurt a cut, but S**T could result in a antibiotic resistant infection! What, do you swear more at lower temperatures?? I mean #$#^#(?
GYSC,
I swear that I like AC. Does that count? :)
So which is it? Does salt hurt a cut or does salt cause antibiotic resistant infections? I'm confused here.
Next you'll be trying to tell me that bears s**t in the woods as a way to preserve any leftover meat.
Behold the power of salt.
P.S. I'm playing the straight man in this comedy routine. ;)
I'm off to play some Oblivion.
When a bear kills nothing is left over, GGRRRHHHH!!
Almost time for the Star Wars MMOG release. I am actually thinking about playing.
uranium looks like it peaked and fell first...weird.
Cobacoba98
I've wasted enough posts explaining why this was a poor use of taxpayers' money...
Come on now. What's good for banks is good for America.
We can't get incomes growing so we have to get debt flowing. Somebody has to take on debt or somebody else is going to take losses. It's that simple.
Warren "the undisputed bailout champ" Buffett keeps saying it's a wonderful system. And he should know!
GYSC,
When a bear kills nothing is left over, GGRRRHHHH!!
I just found an article that "bears" repeating.
A bear with a machine gun riding a shark
Cobacoba98,
February 14, 2007
Guidance for investors to get in on hot uranium
Q What are the risks?
A With a hot sector like this, you can expect volatility. Institutional investors and hedge funds rushed in as the uranium price kept rising — and can make a quick exit if they sour on future prospects.
mab,
We can't get incomes growing so we have to get debt flowing. Somebody has to take on debt or somebody else is going to take losses. It's that simple.
When to Take Losses: An Algorithm for Retail Investors
Setting the bar for the sell rule is tricky. Set it too small and you exit trades too frequently, set it too large and you take bigger losses than are necessary. Another way to look at a sell rule is to ask yourself what is the maximum you are willing to lose on any given investment.
Always sell at the instant you've lost all you are willing to lose. That allows you to lock in the maximum pain. This really needs to be automated. I bet robots could do it.
Digitus impudicus maximus:
http://finance.yahoo.com/banking-budgeting/article/109770/leverage-baby?mod=bb-budgeting&sec=topStories&pos=5&asset=&ccode=
mab,
From your link!
It would be the height of foolishness to load up on debt now, right?
All hail Caligula Maximus!
(I posted this on the last thread by mistake. That's two Caligulas for the price of one though! Woohoo!)
Gold Going to Parabolic Top of $10,000
by 2012 – For Good Reasons
by Arnold Bock
http://tinyurl.com/3xjgm35
Mark,
In less than two years I will be 'parabolically' rich.
I will not forget the people I've met on my meteoric rise to riches though.
Please feel free to leave any requests for charitable donations on any future posting.
I just never dreamed that this day would ever come, but here it is less than 19 months away...can't hardly wait!
watchtower,
That's fantastic news!
Have you given any thought to using parabolically increasing leverage to maximize your parabolic returns?
That would be like parabolic squared!
If you do, please consider buying the planet outright and donating it all to charity! ;)
"That's fantastic news!"
Thank you for not begrudging me my fantastic wealth, er, I mean my future wealth, you know, the wealth that is most definitely on it's way, well, before 2012 that is.
I'm taking the aforementioned article and your parabolic leverage idea to the bank tomorrow, wish me luck.
watchtower,
I wish you luck all right. I just bet this guy at the other end of the bar $10 trillion that you would win and win big.
He had no idea what his counterparty risk was! Hahaha! Sucker!!
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