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

To: mishedlo who wrote (47148)	12/13/2005 11:04:22 AM
From: GraceZ	Read Replies (1) \| Respond to of 110194

Dude, you need to read more carefully or stop responding to people at 4am in the morning! He wasn't throwing you in with Kudlow & Company, he was agreeing with you and saying that Kudlow et al was what guys like you and him were up against. But nice rant anyway!

To: mishedlo who wrote (47148)	12/13/2005 11:10:27 AM
From: russwinter	Read Replies (2) \| Respond to of 110194

Snooze du jour: Tuesday, December 13, 2005 Bills Put MBS Secondary Market In 'Jeopardy' thehousingbubble2.blogspot.com The Journal News reports on a predictable political move in a state that has experienced heavy foreclosures. "With Ohio leading the nation in foreclosures, state legislators and the mortgage lending industry are locked in heated battle over how best to protect consumers. Since the late 1990s, Ohio’s foreclosure rate has soared to three times the national average." "The troubled climate, some officials say, is compounded by weak laws governing the mortgage industry which have fueled deceptive and unfair lending practices. 'It’s one of the leading contributors that force people into foreclosures,' said Sen. Gary Cates of predatory lending. 'It’s something we want to address.'" "Bills in the Senate geared toward curbing predatory lending would bring the mortgage lending industry under the scrutiny of the state’s Consumer Sales Practices Act. The proposals introduced by Joy Padgett and Tom Roberts would allow consumers to sue lenders and possibly rescind deceptive loans." "Some mortgage industry advocates, however, have resisted such regulations, arguing that the proposals fail to protect those backing the loans. 'The main thing we are opposed to is having (mortgage loans) under the consumer sales practices act,' said Karen Stypinski, president of the Ohio Mortgage Bankers Association." "Because the proposals would allow consumers to rescind loans made deceptively, mortgages sold on the secondary market would be in jeopardy, she said. 'It would really hurt our industry,' she said. 'We can’t buy loans because we don’t know if 10 years down the road from now if we’ll have to rescind that loan and the borrower walks away.'"

To: mishedlo who wrote (47148)	12/13/2005 11:42:41 AM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 110194

I'm not saying target oil prices. I'm saying consider them in the mix. If you think that oil demand is completely isolated from economic activity (and by extension, correlated to some extent with rates) then yer living on Mars. I personally think we're better off with higher energy prices, but they ARE to some degree a consequence of monetary inflation, all other things being equal. Which was my point...... EDIT: OK, you addressed it. My point is that energy and food don't deserve special treatment in the index, that it's done primarily for political reasons. That the "ex-items" are most significant to people who spend a larger proportion of disposable income on necessities, ie, "the poor", and it's another way of pushing their interests aside in favor of the rich, whoops...errr, "the greater good".

To: mishedlo who wrote (47148)	12/13/2005 7:53:31 PM
From: kris b	Respond to of 110194

Mish, Bang on, but the FED is just part ( 30% )of the story. The main culprit is a deregulation of the financial industry over the last 15 years. These guys are responsible for the other 70% of the rampant liquidity creation. FED is a chicken feed compared to the non financial entities that are cranking up credit like crazy. The only way to stop this madness is to re-regulated ( it will be done but way too late...long after the bubble collapses ) heavily or asset prices have to start going down so there is not collateral to create the credit against. Period. Kris