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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (37011)	7/26/2005 2:14:54 PM
From: loantech	Read Replies (2) \| Respond to of 110194

Some lenders say they are being forced to relax their standards to remain competitive. 'We're just offering the product that a lot of our competitors have offered,' says U.S. Bank President Dan Arrigoni. 'If anything, we have to think about loosening them if we want to compete.'>>>>>>>>>>>>>> Go ahead jump off that building the other guy just did. <ng> I have been saying my job now is to set people up with current expanded financing so they can file bankruptcy within the next 2-3 years.

To: russwinter who wrote (37011)	7/26/2005 3:04:20 PM
From: futures speculator	Read Replies (2) \| Respond to of 110194

Yen has retraced the entire runup after China reval. Russ, you wrote you trade Yen and you are long Yen. I'm also long Yen futures, luckily from near the bottom of the move (0.008850, that's around 113.8 for USD/JPY spotfx people), which was almost 2yr lows for Yen. So luckily, my trade is still green. As I wrote before, I'm pretty sure that the -6% plunge during the last few weeks, was the work of the BOJ criminals, so they 1/ could have room to intervene, just in case the China reval caused some squeeze in the Yen-carry trade (in 1998 unwind of carry trade, Yen rose 7% in 2 days and 30% in a couple of months). 2/ cover. BOJ itself is massively short the Yen, being on the hook for $320bn worth of counterfeit money, which they printed for the 1Q2004 interventions. How much longer can they afford to push Yen? Hoping/succeeding to cover those $320bn? ("Mr Yen", the former BOJ governing criminal, was quoted that "the USD/JPY 113 is a buying opportunity", obviously hoping to lure others to take the other side of their trade). Commodities (using GoldmanSachs commodity index) are +40% YTD expressed in Yen.

To: russwinter who wrote (37011)	7/26/2005 3:14:10 PM
From: RWS	Read Replies (1) \| Respond to of 110194

I read your interesting column in Wall St. Examiner of 7/24/05 in which you recommend anti-USD trades. In the WSE article by Lee Adler of 7/17, which you reference, he seems to think that the dollar and interest rates will synchronously ratchet up. Do you interpret his data differently? Thanks, RWS

To: russwinter who wrote (37011)	7/26/2005 4:17:37 PM
From: ild	Respond to of 110194

More on Orange County RE: ocregister.com Business owners Desiree and Matt Nelson are in the opposite camp because of the huge appreciation in the freestanding condo they bought for $260,000 in San Clemente six years ago. Desiree Nelson, 32, recalls her husband once saying, "We're never buying a home for $400,000." On June 14, the growing family of five closed on a four-bedroom, three-bath fixer-upper for $860,000. They now hope to sell their condo for $779,000. "I have to admit we've become slightly desensitized to the numbers," she said. NOTE: Their property tax bill will jump from about $3,000 per year to $8,600.