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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (86568)	8/22/2007 1:38:50 PM
From: Travis_Bickle	Read Replies (2) \| Respond to of 306849

Hamlet dies in the fifth act.

To: Lizzie Tudor who wrote (86568)	8/22/2007 1:42:45 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

We just had a thousand point drop in the Dow based on housing, the builders have lost two thirds of their value in the past few years, foreclosures are at an all time high, companies are going belly up right and left, the Fed is scared, foreign countries are nervous, and housing is going down nationwide for the first time since the depression. You are talking about a few stocks that might make up 2% of the economy, at most. It is pretty clear that you cannot see the big picture. CSCO, RIMM, AMZN, and GOOG are not the economy. Only one even has a significant presence in Michigan, and that can probably be said for most states. Let's put this in perspective using Revenue CSCO: 35B GOOG: 13.4B RIMM: 3.5B AMZN: 13B Total 64.9B Wow, sounds impressive. GM alone: 192B

To: Lizzie Tudor who wrote (86568)	8/22/2007 3:59:13 PM
From: GST	Respond to of 306849

<right now the high end is not going down> The micro economy you live in is as you see it -- but go thirty miles outside "the bubble" you live in and it looks a bit different. Two income families in the 200 to 400 k range can support housing -- but you will see those incomes fall off precipitously as you get out of SV. I do not mean to say you are wrong, but I do mean to say that you are only right in one relatively small part of the USA. That is my view.

To: Lizzie Tudor who wrote (86568)	8/23/2007 1:38:37 AM
From: silenceddissenter	Respond to of 306849

Dissenting voices expand horizons Lizzie - I support your crusade. However I have some points: Chambers is hiring like a bat out of hell and that is why housing is not, repeat NOT, having the effect on the overall economy that this thread has been prognositicating for years. Is he hiring overseas or what? Every piece of non apocalypic news on this thread gets a whole rash of hysteria. Unless the high end goes down- no recession or a very mild one. And right now the high end is not going down. Lizzie I watched live free or die hard with the mac guy and the computer geek kevin and Bruno Willis - and I think of the evil dude in that movie is like General Chen - or MR. T to those that know him better - he is certain the whole world is going BOOM and all he can think is how to save the nickles and dimes he has worked for buy hoarding shiny metal, how silly. (remember he shorted GOOG and I think he was expecting his YEN long to hold out longer - hehe) Ilaine on the financial collapse thread posted a good article why the dear general may feel that way - in his part of the world crashes and collapses and chaos are normal so he is fearful - but where you are at is heaven and peace on earth so you are not afraid and we all view the big picture through or local experiences for the most part. As to chambers though - Philster says that guy is one of the biggest pimps on wall street - and phils says that A LOT about chambers. I have friends that are still buying BMW's - buying yachts called "positive carry" buying expensive martini's with bartiromo at the expensive NY bar - but these people tell me they are living paycheck to paycheck and thank god for all the credit card offers they still keep getting - and even though it may be a very big weekly paycheck - maybe 4000 a week - they still have no "reserves" if that paycheck lightens up. I saw this happen to many of my friends at IBM - one day one of my direct superiors was driving a jaguar, flying from RTP, NC where we worked - up to NY to attend the opera and was sending both daughters to expensive college - yale I believe. After the layoffs in 95 he was driving chevette - lost his big house to wife who divorced him - daughters quit talking to him after he couldn't afford their college anymore - sad. Others shared his fate - but with time they got on at merck and siemens and motorola and other companies in the area. - the young bright ones that is - the old fogeys (35+) lost something that was never coming back I fear. Palmisano of IBM and others are sending the future of their companies OVERSEAS - the megacorp businesses just USE america like they use every other country. El mat posted america consumes the equivalent GDP of a brazil or a mexico every year - this is going to stop - there is no way to sustain that in a world of limited natural resources and technological innovation doesn't seem to be progressing fast enough to take up the slack. I am sick and tired of seeing useless spoiled princesses all over USA who have done nothing but pass through the penal canal of their rich (possibly in huge debt) daddy and thus are entitled to the paris hilton lifestyle for no reason - america is squandering her future - those princesses should be learning biotech and engineering to fix broken bridges - etc etc - but lets live la vida loca - it will take another good generation or 2 before this titanic runs into the ground - I am gonna party the rest of my life away too - let some other dumb suckers work 100 hour weeks trying to get ahead - now where is my expensive martini. Rutledge was on CNBC today saying congress is going to kill global trade if they keep trying to start trade wars and that the congressman needs to fly to china and see how GOOD global growth is - the congressman countered that in the 30's the USA sent their scrap metal and steel to japan - much of which was used to make the ships and planes they used to bomb us later - and he was for killing GLOBAL TRADE if it protected our national interests this time. So there you have it - let the trade wars begin. I do dress up as Darth Vader and go to the dragoncon scifi convention every year and buy a lot of tech stocks and if they get cheaper I will buy more - those tech stocks bringing me and you the star trek future - putting shiny metal dust collectors down in a can in my backyard doesn't bring the life extension drugs or flying cars. Some econ professor on bloomberg said the gini coefficient has got to get smaller and I agree - bernanke should punish the guys with boats called positive carry but not sink the guys bringing us star trek.