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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (11932)12/19/2023 9:40:04 PM
From: Broken_Clock1 Recommendation

Recommended By
E_K_S

  Respond to of 13784
 
Just look at MERS and see what digital fraud it can become.
en.wikipedia.org

Rise and Fall of Subprime Lenders Began on Wall St. : NPR

Mar 30, 2007"These loans get sliced and diced, securitized and spread to the wind," former Federal Reserve Governor Edward Gramlich says, "and nobody has a clue who the ultimate — they know who the...

JPM in on the slice n' dice scam quietly exits
JP Morgan Dumped MERS Two Years Ago - CNBC
Oct 13, 2010Amid all the headlines about JP Morgan's earnings this morning, we haven't seen much about the fact that chief executive Jamie Dimon just dropped a mortgage bomb shell.

The Coverup aka OBanker throws the TARP over it.

britannica.com

The 2008 Meltdown And Where The Blame Falls - Forbes

Jun 2, 2012This required an immediate injection of $85 billion in bail-out funds. ... bailing out Wall Street, which totaled over $7 trillion-- when you added guarantees to loans, investments and outright .

Believe it or not, I STILL see homes that went under in '07 just now exiting foreclosure....(saw two come on the market this past month)

Final tallly

newyorker.com
I read 7m homes lost
Starting Over: Michael Ohlrogge tracks post-foreclosure outcomes during ...

The Great Recession that started in 2008 brought a housing crisis in which over six million American households lost their homes to foreclosure. Where did these people go next, and how did their economic circumstances change?



To: robert b furman who wrote (11932)12/23/2023 2:44:01 AM
From: elmatador  Read Replies (3) | Respond to of 13784
 
Hi Bob! This is the canary on the coal mine. Nike says it will cut $2 billion in costs in the next 3 years, which includes laying off employees, in a major warning for consumers. Shares tumbled as much as 14% Friday.
Expect footwear, athletics goods and apparel to suffer in 2024.
Customers are switching their behavior, passing up discretionary purchases — like expensive sneakers and athletic wear (it surely are the GenZs!) — for basics and experiences like concerts and travel.
Here is what Nike can do: Income comes down, GenZs cut the superfluous and prioritize backpacking.

Nike move focus on fitness and on the outdoors and backpacking travel
Let's look as some numbers:
- The outdoor economy is strong, with $862 billion in gross economic output
- Compare with the global fitness industry which was worth $96.7 billion in 2022.
- The global Backpack market size was valued at USD 1.58 billion in 2021 and is expected to expand at a CAGR of 7.17% during the forecast period, reaching USD 2397.99 million by 2027.