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December 2007

Recs

9

Rating Bear's Earnings PR

December 20, 2007 – Comments (3) | RELATED TICKERS: BSC.DL , GS , MS

*Style: 6.5  [more]

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7

Crammer gets one right...

December 20, 2007 – Comments (4) | RELATED TICKERS: HOV , TOL , PHM

He's got Hovnanian's number. Crummy quarter plus cancelled divvy <> good buying opportunity.  [more]

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11

Byrne Uncomfortable as non-Victim

December 19, 2007 – Comments (1) | RELATED TICKERS: OSTK , AMZN

So, OSTK finally drops off the short list, and what's Byrne's response?  [more]

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9

A Gift from Desperate Legislators to Irresponsible Borrowers

December 19, 2007 – Comments (5) | RELATED TICKERS: CFC , C , MS

Hey folks, you can all write bigger checks to the tax-man in coming years in order to fund the tax break just handed to irresponsible borrowers by our deperate-for-votes legislators.   [more]

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7

Housing Ponzi Scheme and Ineffective Bailout Plans

December 19, 2007 – Comments (0)

Great stuff from the housing bubble blogs today. This, by way of HousingPanic, and this one.  [more]

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10

Morgan Stanley Blows another $5.7 billion

December 19, 2007 – Comments (2) | RELATED TICKERS: MS , C , BSC.DL

Wow. Only $5.7 billion worse than you thought a few weeks back, guys? Begging for moolah from the Chinese? Nice.  [more]

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14

Junk Pumping 102: More Threats from Our Pal Jeff

December 19, 2007 – Comments (4)

As you remember, yesterday, a certain junk pumper named "Jeff Stone" of one "Wakabayashi Fund" yesterday threatened me with "a good-ole East Texas a---whippin...'  [more]

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11

Fortune Article

December 18, 2007 – Comments (5)

A little something I scribbled up is in the recent issue of Fortune. For some odd reason, you can read it online here. (Go to page 132)  [more]

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6

New Housing Numbers WAY Down Again...

December 18, 2007 – Comments (1)

FOR IMMEDIATE RELEASE TUESDAY, DECEMBER 18, 2007 AT 8:30 A.M. EST  [more]

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22

Junk Pumping 101

December 18, 2007 – Comments (13)

Recently, I've been getting more and more spam from naive and/or unscrupulous "PR" agencies pushing crummy stocks. Here's the latest, "Thinkpath."  [more]

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9

1-900 JackPot's Costume Change

December 18, 2007 – Comments (7)

So, the whole "market Proprietary Lottery Products" scam fell apart. Now 1-900 Jackpot is in the medical devices biz with its purchase of Exmocare. Really.  [more]

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5

NOW the Fed plans to restrict crappy loans

December 18, 2007 – Comments (1)

Better late than never, I suppose, but this plan will put a further crimp on the housing market by restricting low-end lending and making it more costly. I think that's good, because I don't believe renting a home from a bank at usurious terms is an inaliable right, nor the "American Dream," but those who would rather see the Fed do its part to pump housing with bad long-term policy (the kinds of junk being promoted by the NAR, Obama, Schumer, Edwards, Clinton, et al.) will not get what they want with this bill. This should be good in the long run, but it will keep demand lower than it was during the bubble, with the associated drag on sales and prices sure to follow.  [more]

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8

Ethanol's Bogus Green Cred...

December 17, 2007 – Comments (4)

What's a little amazingly huge dead zone due to fertilizer runoff if you can convince Americans that subsidized corn ethanol is green? And pay no attention to the major depletion of aquafers so we can irrigate a crop that barely registers on energy return.

Sj

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7

Portland RE Still Rising?

December 17, 2007 – Comments (5)

Case-Shiller's numbers (always a couple months old) showed Portland home prices still rising about 2.8% year over year -- one of the bright spots that the RE insdustry has been trying to use to prove either that housing is still just fine.  [more]

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12

Our Boneheaded Congress

December 13, 2007 – Comments (6)

Trying to come up with yet another way to buy votes by screwing around with the housing market.  [more]

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6

Great commentary on the Bush/Paulson Bailout

December 12, 2007 – Comments (3)

whom it's for, what it won't do... Read up.

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10

Greenspan's Despicable "Not My Fault"

December 12, 2007 – Comments (10)

This guy, architect of two of the big asset bubbles in history, claims he had nothing to do with them. Unreal. Here he is blaming the housing bubble on emerging markets.  [more]

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4

Crammer: It's no bailout...

December 12, 2007 – Comments (0)

This guy sounds dumber every time I read him.  [more]

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5

Embed an Entire Simpsons Episode?

December 11, 2007 – Comments (5)

Apparently... 

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5

Testing Hulu Video Embeds

December 11, 2007 – Comments (0)

... with one of the few worksafe clips I could find. 

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6

inmates in charge of the asylum

December 11, 2007 – Comments (3)

or "how billion-dollar crybabies dictate government economic policy"  [more]

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4

inmates in charge of the asylum

December 11, 2007 – Comments (0)

or "how billion-dollar crybabies dictate government economic policy"  [more]

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4

The future is... stupid?

December 11, 2007 – Comments (3)

Interesting article on Yahoo! Answers "a librarian's worst nightmare," and not because it makes them obsolete, but because it shows how accessibility and popularity can trump truth in the search for... truth.

Community intelligence? I've found it lacking at Yahoo! Answers too.

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10

Cramer Leads Bleating Wall Street Sheeple

December 10, 2007 – Comments (7)

in whining for a half point rate cut. It won't do anything except, possibly, fuel another short ralley until the December retail numbers show up and drop the bottom out of a lot of stocks, but at least the Wall Street traders will be able to close the year with some green.

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4

French Number Two (snicker) Bails Out its SIV

December 10, 2007 – Comments (0)

Nothing to see here, either.  [more]

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5

I'm sure this is the only example

December 10, 2007 – Comments (0)

...of this kind of thing, and all that other lending and home price appreciation was completely on the uppity-up.

Of course, if I were right, would we need the Mortgage Fraud Blog?

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5

UBS Gets a Bailout

December 10, 2007 – Comments (4)

Hey, looks like UBS's $10 bill or so in bailout money came cheaper than Citi's. All is well, right?

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5

Look at the Victims

December 10, 2007 – Comments (0)

Worth thinking about (from the required reading entry below)

Most sub-prime loans in existence are refinances not purchase-money loans. This means that more than likely they pulled cash out of their home, bought things and are now going under...

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7

DC Housing Getting Even Deader

December 10, 2007 – Comments (1)

So much for the "DC is immune to housing problems" thesis. People making $60,000 to $100,000 a year are the most frequent visitors to the credit counselor interviewed. They took on too much debt at crummy rates, and kept pulling out "equity." Now they can't make their payments. Sound familiar?  [more]

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4

Zune OutHips iPod

December 10, 2007 – Comments (0)

SP32-20071210-081936  [more]

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7

Kasparov Outlines Why Russia is a Great Place to Invest

December 07, 2007 – Comments (14)

Everything is so orderly and transparent.  [more]

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7

Bailout Politics: Refuge of the Irrelevant

December 07, 2007 – Comments (4)

Jesse Jackson is the proof.

 

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7

Required Reading for Bailout Supporters

December 07, 2007 – Comments (3)

You may have heard this all, in bits or in whole, from others. Here it is, straight from the mouth of an industry insider.

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11

Bush's Mortgage Bailout Remarks

December 06, 2007 – Comments (11)

Here's the entire thing. I'll get to pointing out the lies and the idiocy in a comment.  [more]

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4

Funky CAPS Math

December 06, 2007 – Comments (8)

SP32-20071206-114340

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9

Bentish Rant that will save yer eyeballs

December 05, 2007 – Comments (4)

I was invited to babble on KMOX in St. Louis today, with Paul Harris. It was a good time. We talked mortgages and bailouts.

Here's a link

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7

Good Economic News?

December 05, 2007 – Comments (3)

Productivity posted a nice Q3 increase, 6.7% biz, 6.3% in nonfarm biz.   [more]

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4

Fannie Hoses Common Shareholders, Issues $7 billion in preferred

December 04, 2007 – Comments (1)

Hey, how'aboud we cut your dividend, then issue $7 billion in preferred stock?  [more]

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7

Paulson Says YOU Should Bail Out Subprime

December 04, 2007 – Comments (4)

That's pretty much what he's saying, except he wants to bleed us via proxy: by having Congress tell municipalities to issue bonds and use the proceeds to bail out the homedebtors out there.

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11

TMFBent: teh Arch Conservative

December 04, 2007 – Comments (11)

Yup, this bike- and mass-transit riding, Suck-V hating, Carleton-college going, Mizzou J-school going, Bush-bashing, Bernanke-baiting, Paulson-pounding, stock market observer has been dubbed a "conservative," by Huffington Post blogger Danny Schechter.  [more]

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10

Paulson Blows The Bubble

December 03, 2007 – Comments (10)

or, he's at least trying his best to keep those home prices inflated... err, to save those poor, undeserving homebuyers from the consequences of their own behavior.  [more]

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