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

To: Giordano Bruno who wrote (123463)	5/16/2008 9:21:44 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Credit Suisse's Dougan Says Markets Are `Overly Optimistic' bloomberg.com May 16 (Bloomberg) -- Credit Suisse Group Chief Executive Officer Brady Dougan said markets are too optimistic that the credit crisis is nearing an end. ``I think that the markets are overly optimistic right now,'' Dougan said in a speech in Geneva today. ``There continue to be challenges and that's going to play out over the next six to eight weeks. There continue to be issues on the liquidity side.'' Banks worldwide have announced more than $342 billion of writedowns and loans losses since market disruption started last year. As a result of the crisis, companies will probably narrow their scope of businesses and have to deal with lower profits in some areas, Dougan said.

To: Giordano Bruno who wrote (123463)	5/16/2008 9:22:41 AM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

Oh....whether they deserve it or not....right? ;-)

To: Giordano Bruno who wrote (123463)	5/16/2008 9:29:56 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Housing Market Crash Predicted By Ron Paul And Alan Greenspan prwallstreet.com The inflation and subsequent collapse of the residential real estate market was facilitated by the Federal Reserve over nearly a decade. From the late 1990's when the technology bubble burst until early 2007 when investors began to realize how much bad debt had actually been created in the housing market, interest rates were kept artificially low, while capital poured into suburban sprawl and subprime mortgages. The leader of the Fed and manipulator-in-chief of the economy during the primary boom years was Alan Greenspan, who once believed in things such as the gold standard, the impossibility of sustaining a housing bubble, and speaking to Congress in riddles and financial jargon. His main adversary in the Congress was Ron Paul, who still believes in things such as the gold standard, the impossibility of sustaining any manufactured market bubble, and is a master riddle-solver himself with a strong Austrian economics background. One of the great mysteries of the Greenspan legacy has been his rumored doctoral thesis for New York University, compiled and written in 1977. Certain revealing parts of the 180-page thesis have been reported on by Barron's news organization. The parts reviewed by Jim McTague at Barron's show that Greenspan most likely understood and could have predicted all of the events he was putting into motion by inflating a massive housing bubble. A most intriguing quote from the article shows how the master manipulator knew what would happen when the dotcom bubble burst and all that capital needed a new home in residential housing. "Greenspan also broke new ground in the introduction to his thesis, where he noted that homeowners were refinancing for larger amounts than their original mortgage, in essence monetizing increases in their home's market value and spending the excess cash on goods and services or putting it into savings." This was long before double-digit rises is home values, subprime mortgages, no-doc loans, Home Equity Lines of Credit (HELOCs), and inflatable-value McMansion-burbs, but is a perfect representation of what happened during the real estate boom of the late 1990's and early 2000's.