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 : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (71319)	8/23/2009 5:12:36 PM
From: Snowshoe	Read Replies (1) \| Respond to of 74559

Some big names caught in the undertow ... Annie Leibovitz, photographer of stars, faces ruin Message 25885818 Anti-virus guy John McAfee, once worth $100 million. Now down to his last $4 million Message 25883512

To: Ilaine who wrote (71319)	8/23/2009 11:53:50 PM
From: Maurice Winn	1 Recommendation Respond to of 74559

That's interesting CB. And that's without interest rates zooming, or even going up somewhat. Given the scale of the financial carnage, it seems unlikely that after two years things are fixed up enough to get back to "normal". Mortgages are normally a 20 year project and when people have gone way in over their heads, with the presumption that employment and economic activity would continue apace while 6 billion other people on lower pay undercut the overpaid, and outbid for resources and goods produced, they are probably looking at a permanent loss of financial standing. Because of the phenomenal technological revolution, in absolute terms they should still be much better off than people were 100 years ago, but it won't feel that good to them. Mostly they won't starve to death. People used to do that. But they might have to get jobs which earn them a loaf of bread and a bag of beans a day. Mqurice

To: Ilaine who wrote (71319)	8/24/2009 6:23:41 AM
From: Lee Lichterman III	Respond to of 74559

I tend to agree with you but the thing that puzzles me is why is LIBOR so low? Apparently there isn't much risk being priced in unless the fed has their hands in that pie too and is manipulating things like treasury rates. Good Luck, Lee

To: Ilaine who wrote (71319)	8/25/2009 10:43:44 AM
From: Maurice Winn	1 Recommendation Read Replies (2) \| Respond to of 74559

CB, Perhaps your clients are a lagging indicator - house prices are supposedly rising: <http://finance.yahoo.com/news/Index-shows-home-prices-apf-1645217199.html?x=0&sec=topStories&pos=2&asset=417a8b1c4743e0b46d970da314569cd9&ccode=rd Also, housing prices in the outer counties continue to drop like rocks. I have learned not to say "holy shit!" when I see how the prices have dropped, as it tends to cause my clients to burst into tears. Closer in housing prices may be stabilizing. Or at least not dropping like rocks./i>> Mqurice

To: Ilaine who wrote (71319)	8/25/2009 11:56:53 AM
From: Nancy	Read Replies (1) \| Respond to of 74559

Aren't credit card debts are not forgiven in bankruptcy filings? Wasn't the change of the bankruptcy laws in either late 2006 or early 2007 that had caused a wave of bankruptcy filings, and the CC issuers went all-out to offer sign up bonuses for opening new cards because they then felt they did not have to fear a complete wipe-out of debt should the cardholder filed bankruptcy?

To: Ilaine who wrote (71319)	8/27/2009 6:40:58 PM
From: TobagoJack	1 Recommendation Respond to of 74559

<< Not exactly TEOTWAWKI>> the operative concept must be "not yet teotwawki that must still be" there is no panic there is much hope calm and hopeful believe slime to be shoot the sorrow is not yet genuine the regret certainly not sincere <<housing prices in the outer counties continue to drop like rocks. I have learned not to say "holy shit!" when I see how the prices have dropped, as it tends to cause my clients to burst into tears>> ... so far, all about as i had figured and so no surprises at all, and so no need to learn not to say "holy" anything you may be helping people now to help yourself, but could have, should have helped them earlier, say 2001 - 2007, when you were exposed to a lot of sound reasoning and well learned figuring on these threads, had you been able to learn, absorp, and put to good use. you were not, due either to capability and/or capacity constraints. the script must play out to the bitter end, time line to 2027 on the outside, 10-15 years the sliding starts what has gone on in 2008-2009 is no more than a practice run, not even the warm-up show it is not too late for you to help, for the worst is still ahead of us, when the savers get cleaned out, and zero-state reset.