Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Blogs               
Boat Search (new)






Go Back   SailNet Community > General Interest Forums > Off Topic
User Name
Password
 Not a Member? 


Reply
 
LinkBack Thread Tools Search this Thread
 Like this article?  Digg It!  or   Bookmark it!
  #2521 (permalink)  
Old 10-28-2008
Chadfunk48 Chadfunk48 is offline
leave my member alone
 
Join Date: Jun 2006
Location: Toms River, NJ
Posts: 32
Rep Power: 0
Chadfunk48 is on a distinguished road
Send a message via AIM to Chadfunk48
I've only got one billion left and I am hurting.
Reply With Quote
  #2522 (permalink)  
Old 10-28-2008
chucklesR's Avatar
chucklesR chucklesR is offline
Gemini 105Mc Hull 987
 
Join Date: Sep 2007
Location: Annapolis - Cape St Claire
Posts: 4,164
Rep Power: 5
chucklesR is a jewel in the roughchucklesR is a jewel in the roughchucklesR is a jewel in the rough
Dow's up 889 points( 10.%) 7 days after a much hyped "crash this week" prediction and silence resounds throughout the thread...
Reply With Quote
  #2523 (permalink)  
Old 10-28-2008
sailaway21 sailaway21 is offline
Owner, Green Bay Packers
 
Join Date: Sep 2006
Location: SW Michigan
Posts: 10,320
Rep Power: 7
sailaway21 is just really nicesailaway21 is just really nicesailaway21 is just really nicesailaway21 is just really nice
A very interesting article on how, yes, things can get worse. A bit of history that may well be a distant memory to some as well.
The Age of Prosperity Is Over - WSJ.com
__________________
“Scientists are people who build the Brooklyn Bridge and then buy it.”
Wm. F. Buckley, Jr.
Reply With Quote
Sponsored Ad
  #2524 (permalink)  
Old 10-29-2008
sailaway21 sailaway21 is offline
Owner, Green Bay Packers
 
Join Date: Sep 2006
Location: SW Michigan
Posts: 10,320
Rep Power: 7
sailaway21 is just really nicesailaway21 is just really nicesailaway21 is just really nicesailaway21 is just really nice
Mr. Geo Will's latest:
George F. Will: The Good Bad News | Newsweek Voices - George F. Will | Newsweek.com
__________________
“Scientists are people who build the Brooklyn Bridge and then buy it.”
Wm. F. Buckley, Jr.
Reply With Quote
  #2525 (permalink)  
Old 10-29-2008
sck5 sck5 is offline
Senior Member
 
Join Date: Aug 2007
Posts: 1,706
Rep Power: 3
sck5 is on a distinguished road
One thing seems clear - When the market goes up 800 points one day and down the next and then again and then again - It means the people in the market dont really know where the hell it ought to be at all. They are just guessing, which makes me nervous.
Reply With Quote
  #2526 (permalink)  
Old 10-29-2008
sailaway21 sailaway21 is offline
Owner, Green Bay Packers
 
Join Date: Sep 2006
Location: SW Michigan
Posts: 10,320
Rep Power: 7
sailaway21 is just really nicesailaway21 is just really nicesailaway21 is just really nicesailaway21 is just really nice
Foreclosure myths

Some numbers of no small interest to us. Numbers that are not going to make the bailout look any better to us either. The pigs do not want to be eaten.

A very good article:
RealClearMarkets - Articles - Foreclosure Myths: Can the Media Handle the Truth?
__________________
“Scientists are people who build the Brooklyn Bridge and then buy it.”
Wm. F. Buckley, Jr.
Reply With Quote
  #2527 (permalink)  
Old 10-29-2008
TropicCat's Avatar
TropicCat TropicCat is offline
Senior Member
 
Join Date: Oct 2008
Posts: 646
Rep Power: 2
TropicCat is on a distinguished road
Quote:
Originally Posted by sailaway21 View Post
Well, finally. We have an article which was actually researched before the guy wrote it.

As to his conclusions? He actually has it partially right.

"As Liebowitz observes, what we are currently seeing is often characterized as a subprime crisis, but in fact, it is an adjustable-rate mortgage problem. "

I agree with this, and is why I called for government help on the other end of the spectrum instead of the bailout they passed.

However, he over stated the 'flipper' syndrome significantly. Did they walk away from homes? Certainly. But not enough to impact the numbers the way the author has slanted his story.

Each of these was a key component in the mortgage mess in the following order:

1.) adjustable rate mortgages (#1 problem)
2.) underemployment
3.) loss of job
4.) Flippers (as much as 25% of the Florida, Ca, Az market which drove prices up before 2006)


The media covered all of these. Check back issues of Time magazine, Newsweek, the New York Times, etc..
__________________
Tropic Cat
Sailing 12 months a year in Sunny Florida
Catalac Catamaran info site
Reply With Quote
  #2528 (permalink)  
Old 10-29-2008
SailorMitch's Avatar
SailorMitch SailorMitch is offline
Senior Moment
 
Join Date: Nov 2005
Location: MD
Posts: 1,929
Rep Power: 5
SailorMitch will become famous soon enough
Quote:
Originally Posted by sailaway21 View Post
A very interesting article on how, yes, things can get worse. A bit of history that may well be a distant memory to some as well.
The Age of Prosperity Is Over - WSJ.com
And so much for the efforts of conservatives on here to lay the current debacle on Bill Clinton. And words to remember in the last paragraph quoted below.

"Bill Clinton and Alan Greenspan added their efforts to strengthen what had begun under President Reagan. President Clinton signed into law welfare reform, so people actually have to look for a job before being eligible for welfare. He ended the "retirement test" for Social Security benefits (a huge tax cut for elderly workers), pushed the North American Free Trade Agreement through Congress against his union supporters and many of his own party members, signed the largest capital gains tax cut ever (which exempted owner-occupied homes from capital gains taxes), and finally reduced government spending as a share of GDP by an amazing three percentage points (more than the next four best presidents combined). The stock market loved Mr. Clinton as it had loved Reagan, and for good reasons.
The stock market is obviously no fan of second-term George W. Bush, Nancy Pelosi, Harry Reid, Ben Bernanke, Barack Obama or John McCain, and again for good reasons.
These issues aren't Republican or Democrat, left or right, liberal or conservative. They are simply economics, and wish as you might, bad economics will sink any economy no matter how much they believe this time things are different. They aren't."
__________________
SailorMitch
Sailing winged keels since 1989.
1.20.09 Bush's last day the end of an error !! Hopefully we still have a constitution and economy left by then.


"Compassion and tolerance are not a sign of weakness, but a sign of strength." The Dalai Lama


good planets are hard to find-- a song by steve forbert


I have but one lamp by which my feet are guided, and that is the lamp of experience. I know no way of judging the future but by the past.-- Patrick Henry.
Reply With Quote
  #2529 (permalink)  
Old 10-30-2008
PBzeer's Avatar
PBzeer PBzeer is offline
Wandering Aimlessly
 
Join Date: Nov 2002
Location: Cruising
Posts: 9,433
Rep Power: 10
PBzeer has a spectacular aura aboutPBzeer has a spectacular aura aboutPBzeer has a spectacular aura about
Is he correct? When I'm out about town, my eyes say he is .... or there's a heck of a lot of people window shopping.

RealClearPolitics - Articles - Obama's Economic Mythology
__________________
John
Ontario 32 - Aria

Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love.
JCP

Music on the Wind -
www.sailaria.net
Reply With Quote
  #2530 (permalink)  
Old 10-30-2008
PBzeer's Avatar
PBzeer PBzeer is offline
Wandering Aimlessly
 
Join Date: Nov 2002
Location: Cruising
Posts: 9,433
Rep Power: 10
PBzeer has a spectacular aura aboutPBzeer has a spectacular aura aboutPBzeer has a spectacular aura about
Well, Rick should be a happy camper today, we finally had a quarter of negative growth. Now he's halfway to an official recession.
__________________
John
Ontario 32 - Aria

Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love.
JCP

Music on the Wind -
www.sailaria.net
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
DEP Identifies Boat Crash Victims - WFSB NewsReader News Feeds 0 07-10-2007 02:15 PM
Hurricane Boat Market in S. Florida? Gramp34 Boat Review and Purchase Forum 8 12-28-2006 10:54 PM
Market value vs replacment cost kmclarke General Discussion (sailing related) 10 12-04-2006 11:53 PM
boat market rskaug Boat Review and Purchase Forum 3 11-15-2003 07:49 AM
Crash Test Dummies Wins Rolex Cup Regatta SailNet Racing Articles 0 04-23-2000 09:00 PM

Page generated in 2.7916 seconds (80.52% PHP - 19.48% MySQL) with 16 queries
Add to My Yahoo!         
Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.0.0 RC8
(c) Sailnet 2000-2006