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: Peter V who wrote (161078)	10/29/2008 7:45:19 PM
From: Cape Blanco	Respond to of 306849

The Jubilee Society!!!

To: Peter V who wrote (161078)	10/29/2008 10:29:33 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Hey, they are only trying to hold up your home value for you...g

To: Peter V who wrote (161078)	10/29/2008 10:31:56 PM
From: posthumousone	Respond to of 306849

>>> Nearly all the biggest credit card banks have agreed to a temporary pilot program in which lenders would forgive as much as 40 percent of the amount consumers owe, allowing them to pay back the remainder over time, they said. <<< I am so sick of this f8***ing crap. What can we do!!! I am seriously going to go balistic

To: Peter V who wrote (161078)	10/29/2008 11:27:47 PM
From: Jet.Screamer	Read Replies (2) \| Respond to of 306849

Not that I am endorsing the forgiving of debt but keep in mind that a decent chunk of the debt that will be forgiven has probably resulted from outrageous interest rates that can be 21% or higher.

To: Peter V who wrote (161078)	10/30/2008 12:12:23 AM
From: TheStockFairy	Read Replies (3) \| Respond to of 306849

You know, people that are getting that bailout are really farcked and it really doesn't hurt you that it's happening as long as there isn't inflation involved. i sat through some days of listening to asset where the average net worth of the participants was over $20,000,000. Here's my observations: 1) asset managers have a model. almost all asset managers use the same or similar models 2) when the asset manager's model blows up, everyone's portfolio blows up 3) lots of rich people with average net worths of 20,000,000 use similar asset managers with similar models 4) the top .005% of the country blows up in unison. 5) the top .005% of the country can bitch to their friends, but they are all farked in the end. 6) some rich folks don't like the standard allocations and that has saved their asses this year. 7) we are in uncharted territories currently and you are to "stay the course" because no one has any better ideas 8) wealth managers don't like hedge funds. Also, i Know more about cds' and cdo's than I thought but I know a lot less about tax efficiencies than I thought. This thread really prepared me for the crash but I didn't benefit. Next round, when there is a good idea, I'm going to go to UBS and tell them to get me a fund manager that specializes in that area and (probably) short the shit out of it through a hedge fund, rather than with my own account. it will be for less than 5% of my portfolio but goddamn it, I'm going to directly benefit rather than bitch about it next time. If anyone has some thoughts, I'd love to hear it.