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


To: Tommaso who wrote (98907)1/4/2008 7:47:41 AM
From: Dan3Respond to of 306849
 
Thursday's ADP National Employment Report for December showed only a 40,000 job gain in the private sector in the month, sharply off of the 173,000 gain it calculated for November. The report uses payroll data from hundreds of businesses, both large and small.

The Monster Employment Index, which tracks online job search listings, also fell 14 points in December, with only about half of that decline attributed to seasonal factor, according to the firm.

With economists looking for economic growth to stall in the months ahead, many are forecasting that employers will get very cautious with their hiring plans going forward. While much of the job weakness in 2007 was concentrated in residential construction, manufacturing and finance, many believe that weakness will spread this year.

money.cnn.com



To: Tommaso who wrote (98907)1/4/2008 7:50:35 AM
From: Box-By-The-Riviera™Read Replies (1) | Respond to of 306849
 
when what is purchased is either leveraged yet again ad infinitum or pruduces nothing: on those two counts alone, he is quite right.

secondly when core money is magnified beyond recognition, the long ago and forgotton orginal value becomes nothing, and even less than nothing when it fails to serve its original purpose, the cornerstone of the magnification. on this point, he is also quite right.

when the expansion becomes dependent upon feeding the above, and then suddenly everyone goes on a diet, on this point he is quite right as well.

and when all this occurs and wipes out everything templeton achieved with his original loan, then yet again, he is quite right. unless of course templeton bought gold and grains to hedge his position. (for now).

end of story. why? because you are seeiing the story right now unfold before your very eyes.

leverage, in the end in this case, is a capital killer bar none. the search has already begun for capital. there isn't enough of it to go around. banks are selling themselves at 20% a pop could not be a better example.



To: Tommaso who wrote (98907)1/4/2008 12:48:50 PM
From: lifeisgoodRespond to of 306849
 
There are millions of examples of Americans who have borrowed to start successful businesses. This is what is known as capitalism.

For every American who has "borrowed his way to success" there are 100 who have borrowed their way to ruin. THis is known as the American way.

best...

LIG



To: Tommaso who wrote (98907)1/5/2008 9:30:52 PM
From: neolibRead Replies (3) | Respond to of 306849
 
One extraordinary example of borrowing and creating personal wealth was the way John Templeton made his first big advance in the direction of becoming a billionaire.

Another example would be the dude who owns most of Irving CA. I forget his name. Borrowed a bunch of dough back in the '60s or 70's to buy the Irving Ranch Co, or some such outfit with 10,000's of acres prior to LA merging with San Diego. Smart move.