Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Les H who wrote (108577)	3/8/2008 10:07:55 PM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

>>>the crisis had spread from mortgages to car loans, community credit and to the commercial credit market in general.<<< No, no, no. "Its contained." Who said that?? Bernanke - a year ago. Maybe Thain's predecessor at Merrill - when they had only announced a $6 billion loss. Maybe Paulson. >>>the credit crunch was a "liquidity bubble" caused by excessive credit awards during a long period of low interest rates. "Everyone bears some responsibility:<<< Hmmm. In grade school my instructors always taught to use the active (vice passive) voice. "was a liquidity bubble." Well gee whiz John. Did it inflate itself??? Or did Merrill blow it up - just the way they blew up Enron stock by swapping Nigerian power barges with Fastow's off balance sheet companies - while selling little old ladies Enron stock on the retail side. I sure don't bear any responsibility. I have been doing everything possible to take the car keys (my investment dollars) away from the drunken teenagers (that would be Merrill et al) and give them to the diligent (that would be oil companies). Memo to self: Buy some Merrill poots on Monday. When the CEO is passing the buck, you know things are rotten to the core. Hey!!!! Its someone else's fault. The American way. 'Eve gave me the apple.' 'The snake told me to do it.'

To: Les H who wrote (108577)	3/9/2008 1:36:34 PM
From: Tommaso	Read Replies (3) \| Respond to of 306849

OT: All it takes to get $200 ($USD) oil is $6.00 ($USD) gasoline. As I and numerous ohters have often pointed out, gasoline at that price provides little deterrent to driving in the UK and in Europe, although it does encourage more economical cars. The United States residential patterns demand the use of the automobile and the transition from DUVs to plug-in electrics will not be quick. This may mean, however, that nice central-city condos and apartments gain a lot relatively in value over the suburbs. There are big bets already being made on that where I live.