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


To: Mike Johnston who wrote (85983)9/6/2007 6:23:27 PM
From: 10K a day  Respond to of 110194
 
>a realtor from Kentucky bought 25 tool sheds in FL for 500K each on margin ?<<

Link! :)



To: Mike Johnston who wrote (85983)9/6/2007 6:46:31 PM
From: Mike Johnston  Read Replies (1) | Respond to of 110194
 
11 reasons why the Fed should cut rates:

11) Millions of realtors and mortgage brokers are praying for it and millions of "capitalists" are begging for it.

10) The smartest bond trader in history is losing money

9) Inflation expectations are "well anchored"

8) $300K/year realtors are eating meatloaf for dinner

7) Banks granted 400K mortgages to people making 40K/year and are now losing money.

6) New home developments became breeding grounds for crime and mosquitos and need to be filled with end users.

5) Housing industry needs to be stimulated, because we badly need more homes in AZ and more condos in FL.

4) A bunch of 26 year old hedge fund managers need help, because they had no idea that once in a while stocks can have a correction and sometimes loans do not get repaid.

3) Without the cut it would be a sad Christmas this year, as many hardworking financial engineers and paper shufflers would not be able to put down a 200K waiting list deposit on a Ferrari and will not be able to afford a $50,000 Christmas tree.

2) A certain realtor needs help, because he bought 25 tool sheds in Florida for $500,000 each, on credit, and has encountered an unexpected negative cash flow situation.

1) Jim Cramer wants it.

-



To: Mike Johnston who wrote (85983)9/6/2007 7:20:51 PM
From: patron_anejo_por_favor  Respond to of 110194
 
I personally don't think they should cut, but the Fed has a long history of ignoring me.<VBG>

Rates have been too low for the last decade, which is why this wasteland of debt has littered the landscape like the strewn waste on Bourbon Street at midnight on Mardi Gras.....