December 2007
December 20, 2007 –
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RELATED TICKERS: BSC
, GS
, MS
*Style: 6.5 [more]
December 20, 2007 –
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RELATED TICKERS: HOV
, TOL
, PHM
He's got Hovnanian's number. Crummy quarter plus cancelled divvy <> good buying opportunity. [more]
December 19, 2007 –
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RELATED TICKERS: OSTK
, AMZN
So, OSTK finally drops off the short list, and what's Byrne's response? [more]
December 19, 2007 –
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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]
December 19, 2007 –
Great stuff from the housing bubble blogs today. This, by way of HousingPanic, and this one. [more]
December 19, 2007 –
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RELATED TICKERS: MS
, C
, BSC
Wow. Only $5.7 billion worse than you thought a few weeks back, guys? Begging for moolah from the Chinese? Nice. [more]
December 19, 2007 –
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]
December 18, 2007 –
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]
December 18, 2007 –
FOR IMMEDIATE RELEASE TUESDAY, DECEMBER 18, 2007 AT 8:30 A.M. EST [more]
December 18, 2007 –
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]
December 18, 2007 –
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]
December 18, 2007 –
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]
December 17, 2007 –
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
December 17, 2007 –
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]
December 13, 2007 –
Trying to come up with yet another way to buy votes by screwing around with the housing market. [more]
December 12, 2007 –
whom it's for, what it won't do... Read up.
December 12, 2007 –
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]
December 12, 2007 –
This guy sounds dumber every time I read him. [more]
December 11, 2007 –
or "how billion-dollar crybabies dictate government economic policy" [more]
December 11, 2007 –
or "how billion-dollar crybabies dictate government economic policy" [more]
December 11, 2007 –
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.
December 10, 2007 –
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.
December 10, 2007 –
Nothing to see here, either. [more]
December 10, 2007 –
...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?
December 10, 2007 –
Hey, looks like UBS's $10 bill or so in bailout money came cheaper than Citi's. All is well, right?
December 10, 2007 –
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...
December 10, 2007 –
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]
December 10, 2007 –
[more]
December 07, 2007 –
Everything is so orderly and transparent. [more]
December 07, 2007 –
Jesse Jackson is the proof.
December 07, 2007 –
You may have heard this all, in bits or in whole, from others. Here it is, straight from the mouth of an industry insider.
December 06, 2007 –
Here's the entire thing. I'll get to pointing out the lies and the idiocy in a comment. [more]
December 06, 2007 –
December 05, 2007 –
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.
December 05, 2007 –
Productivity posted a nice Q3 increase, 6.7% biz, 6.3% in nonfarm biz. [more]
December 04, 2007 –
Hey, how'aboud we cut your dividend, then issue $7 billion in preferred stock? [more]
December 04, 2007 –
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.
December 04, 2007 –
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]
December 03, 2007 –
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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