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

To: MulhollandDrive who wrote (103509)	2/5/2008 6:02:56 PM
From: Think4Yourself	Respond to of 306849

Sheesh! That guy just took the hundreds of pages I have read in the past week and summarized them into a brief typed page or two. IMHO He is right on the money. A person can root around the internet for a week, spending a hundred hours finding and reading articles, or they can spend an hour reading that until they understand it. The end result will be the same.

To: MulhollandDrive who wrote (103509)	2/5/2008 6:47:47 PM
From: saveslivesbyday	Read Replies (1) \| Respond to of 306849

Now that's seriously bearish.

To: MulhollandDrive who wrote (103509)	2/5/2008 9:09:59 PM
From: SouthFloridaGuy	Read Replies (4) \| Respond to of 306849

Anybody care to guess the losses? Home Equity + Stock wealth loss alone have got to equal at least $10 trillion when all is said and done. Given the way various forms of corporate debt are trading, I'd say Roubini is being conservative on CDS losses...pencil in $1 trillion there...Lev Loans, CRE, and all that good stuff will probably mean somewhere on the order of $1 trillion in writedowns on BANK balance sheets. Take the multiplier affect and all of a sudden we see a gapping whole in the economy in the multi-trillions of dollars over the next few years. ...Will give financial advice for food.

To: MulhollandDrive who wrote (103509)	2/5/2008 9:56:33 PM
From: Elroy Jetson	Read Replies (3) \| Respond to of 306849

A free link to the full Roubini text __ rgemonitor.com __ is also found here: __ financialarmageddon.com Still at the Forefront The bad news is that Nouriel Roubini is an economist and an academic. The good news is that this background has not prevented him from being one of the leading authorities on the economic and financial disaster that has been unfolding for many months now. While other "experts" claim to have seen things coming, he has been out there, at the forefront, sharing his thoughts for all to see (and, earlier on, getting ridiculed for daring to espouse such controversial views.) In his latest blog post, "The Rising Risk of a Systemic Financial Meltdown: The Twelve Steps to Financial Disaster," Professor Roubini addresses the question that TV pundits, stock traders, and most of the mainstream press should have asked, but didn't. Why did the Fed ease the Fed Funds rate by a whopping 125bps in eight days this past January? It is true that most macro indicators are heading south and suggesting a deep and severe recession that has already started. But the flow of bad macro news in mid-January did not justify, by itself, such a radical inter-meeting emergency Fed action followed by another cut at the formal FOMC meeting. To understand the Fed actions . . .