hanson001
Loading...
Symbols:
Loading...
Symbols:
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
Trading Center
- Free E-Newsletters
- About Seeking Alpha
- About Us
- Contact Us
- What's New
- Readers Feedback
- Advertise With Us
- Contributors
- Contribute an Article
- Feature Your Book
- Our Contributors
- Anonymous Contributions
- Dispute an Article?
- Legal
- Terms of Use
- Privacy
- Copyright
Latest Comments22 Comments
Wall Street Breakfast: Must-Know News
Wall Street Breakfast: Must-Know News
Do agree with your Greenspan argument.
Wall Street Breakfast: Must-Know News
I Corinthians 1:19-20
Yes sir, over and over again.
Wall Street Breakfast: Must-Know News
The government will not allow a run on the banks? Yeah, like the Great Depression, when we had bank holidays, after the damage was done. And the French government couldn't stop the bastille coming down, eventhough they said don't do that. One could argue the run has already begun with Bearns Stearns and Lehman. The government always acts after the infection has taken hold.
Wall Street Breakfast: Must-Know News
The tax payers, like always, are the creditors. The proceeds, depending on how the reverse auction turns out, could be a good investment. Don't get me wrong. I am for the free-hand no matter what. My belief is that great stress is the only way to change behavior.
axelrod608: "It would be a piece of cake to add a dozen or more judges to the bankruptcy system to handle the additional demand. The cost would be recaptured in the asset auctions. More responsible companies with stronger balance sheets and more conservative executives would buy up the assets of the insolvent companies and put them back to work. And they wouldn't play Lotto with their shareholders' funds."
This problem is global and I believe we are close to a run on the banks. The behavior in the money market accounts and the t-bill yields should give you a clue. People, smartly, have no confidence in the system. Too many lies, too much greed, too many people with great dept levels crying about the government having the same problem. Wow! We have a very sick culture.
Our sin nature makes me collect ammo.
Wall Street Breakfast: Must-Know News
Can the US Government Afford Future Bailouts?
Well, I think the consumer's printing press came in the form of home equity loans. Wonder how many of these are upside down?
The Complete Failure of Owners' Equivalent Rent
This has proven not to be true. If it were true, I wouldn't be feeding homeless people in the soup kitchen today. The home price increase wiped out any savings from lower interest rates on average.
It would be better if the CPI measured rents and home prices.
The Complete Failure of Owners' Equivalent Rent
The CPI was never meant to be a personal inflation Index. The items make their way into the Index from Census Bureau surveys. These items are then placed in categories and weighted based on proportion of income spent on each category.
So, I think the author and everyone else knows that the CPI is not our personal inflation indicator. I read this author a great deal and he on the government numbers like a blue tick hound. He is only showing how the published numbers are not reflecting the general inflation level that we experience. He does a wonderful, comprehensive job if you ask me.
While Natural Gas Production Increases, Company Stock Prices May Not
Why the 2008 Housing Relief Bill is No Relief
Americans Changing The Way They Live [Housing Tracker]
I worked in Atlanta, GA from 2002 - 2007. This was the housing bubble years. I noticed many people I worked with, in order to pay the mortgage, take in boarders. Bubbles always gives one clues before they bust.
Is Natural Gas Down for the Count?
Petrohawk has a horizontal well producing 16.8 million cubic feet per day. From Chesapeake's recent conference call on July 2nd, their 8 horizontal wells in the Haynesville are producing 5 - 15 mmcfe per day. Louisiana pipeline infrastructure is better than the other shale plays and our NG gets to market fast. It will be interesting to see what production in the Haynesville does to inventory levels.
Homebuilders Woo Back First-Time Homebuyers [Housing Tracker]
"In 2006, KB’s basic model in Victorville, Cal. [was] 3,800-sf and sold for $328,000. Today, its stripped down offering goes for $220,000, at less than half the size."
The size of the home is less than half the 2006 model but the price didn't come down by half. The price came down about 33%.
Guess the housing market will keep going down until value shows up. I mean the person buying the home mentioned above is not getting a good deal. They are paying too much. And isn't this what got us into the housing market slump. The home cost too much so we come up with creative ways to finance something that cost too much.
We will keep repeating the same mistakes until we learn the lesson.
Housing: Barron's Calls a Bottom
Happy birthday! Add to this inflation (headline inflation doesn't begin to caputure it), sinking dollar, and interest rates that have no where to go but up, and the only remedy I see to the problem is decreasing the price, greatly reducing inventory, or building much smaller homes that people can afford.
I read some time ago (maybe two years) that people were buying homes two times the size they grew up in. I thought this strange, but knowing human behavior, "look at me I am successful", knew we would dig our own grave. I mean are we not producing less children now? Why such a big house. Back in the day, one could not purchase a home if the payments were more than 30% of his/her income. Looks like we are going back to the day.
Dang! We didn't raise our kids to watch what they spend.