tag:blogger.com,1999:blog-6492542366661862113.post1797827712635572861..comments2023-10-31T01:32:09.169-07:00Comments on The Housing Time Bomb: Mortgage Rates Soar as the Bond Market AwakensJeffhttp://www.blogger.com/profile/04450070920047311928noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6492542366661862113.post-6634831323271900592008-10-15T11:07:00.000-07:002008-10-15T11:07:00.000-07:00BTW, CalculatedRisk blogged that JPMChase's Ja...BTW, CalculatedRisk blogged that JPMChase's Jamie Dimon is rumored to be Obama's choice for Treasury Secretary.<BR/>Oh brother.<BR/>Jamie was CEO in Chicago at BankOne (b4 departing & B4 Chase acquired it); his first job after being booted out of Citi by Sandy. I guess while in ChiTown, he hooked up with Obama or his political strategist, David Axelrod.<BR/><BR/>Hope this is just BS, we dont need more pig men in Treasury .Avl Guyhttps://www.blogger.com/profile/12298355297869341807noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-66856474317335572872008-10-15T10:58:00.000-07:002008-10-15T10:58:00.000-07:00It's 1:53 pm and the Dow is down 481.If we once ag...It's 1:53 pm and the Dow is down 481.<BR/>If we once again get another turnaround around 2:45-3:15 pm, we need to call an SEC investigation, cuz it smells of market manipulation.<BR/>Is there a single 'rule' left that's sacrosanct, or is everything expendable in the name of 'saving the financial system'?Avl Guyhttps://www.blogger.com/profile/12298355297869341807noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-55959832660063500612008-10-15T06:52:00.000-07:002008-10-15T06:52:00.000-07:00AnonRight on!Paulson is a pig. It looks like the ...Anon<BR/><BR/>Right on!<BR/><BR/>Paulson is a pig. It looks like the market is rejecting his last wave of "criminal" bailouts.<BR/><BR/>I think the country has little to no faith in this guy based on the market reaction to the bailout this week. <BR/><BR/>The sheeple are starting to wake up and realize this guy is nothing but a crook.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-25700067586571766422008-10-15T06:48:00.000-07:002008-10-15T06:48:00.000-07:00Having Paulson in there making all these decision ...Having Paulson in there making all these decision is like asking the mafia to help you fight crime. Yes the mafia knows a lot about crime - but they are going to pretend to help you while they game the system so they can get away with even more crime.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-17077748052169856202008-10-15T06:42:00.000-07:002008-10-15T06:42:00.000-07:00Treasury yields up when the market is down.Retail ...Treasury yields up when the market is down.<BR/><BR/>Retail sales were terrible thiis morning<BR/><BR/>Not a good combo folks. Trend is lower, keep an eye on the 10-year.<BR/><BR/>Down 200 at the start. I will be on early this afternoon with an update.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-58231524980787675062008-10-14T17:38:00.000-07:002008-10-14T17:38:00.000-07:00ZmonI agree. Something happened tonight. I don...Zmon<BR/><BR/>I agree. <BR/><BR/>Something happened tonight. I don't know what it was, but the futures tanked all at once about 19handles. It was a knee jerk reaction to some type of news. I am sure we will find out tomorrow.<BR/><BR/><BR/>Futures have the S&P down 15 and the DOW down around 122.<BR/><BR/>Expect a lower opening. I wouldn't be surprised to see another leg down tomorrow. <BR/><BR/>It seems like the bailout news has already lost its luster, and the earnings news has been bad. Intel missed tonight although the market didn't react negatively after the news.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-68505878260484662342008-10-14T17:29:00.000-07:002008-10-14T17:29:00.000-07:00Looking at the chart, it looks like majority of th...Looking at the chart, it looks like majority of the ARM resets have already occurred and we are actually at the middle low part in the progression. The issue will become whether rates like LIBOR, which many of the ARM loan resets are based off of, can be brought down prior to the next large uptick.<BR/><BR/>I think tomorrow will be an interesting day in the market. If we don't go up tomorrow, I don't know what will move this market up in the short term. Certainly there isn't going to be earnings news that is especially good and it looks like the credit market has some time before any thaw begins. If we were somehow to break through 8000 again on the way down, I think all consumer confidence would be blown out again...and this time how much more can the government do. The entire thing is sad and scary.ZMonethttps://www.blogger.com/profile/07670008443747072461noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-46828999413767433762008-10-14T17:24:00.000-07:002008-10-14T17:24:00.000-07:00TeddyI love that arm reset chart. More pain to co...Teddy<BR/><BR/>I love that arm reset chart. More pain to come.<BR/><BR/>Check this out. Now we have states going bankrupt. Can Rhode Island get a bailout?<BR/><BR/><BR/>"NEW YORK, Oct 14, 2008 (BUSINESS WIRE) -- Fitch Ratings downgrades the rating of about $1 billion Rhode Island and Providence Plantations (the state) general obligation (GO) bonds to 'AA-' from 'AA' and removes the rating from Rating Watch Negative. Fitch also downgrades to 'A+' from 'AA-' and removes from Rating Watch Negative the ratings on the state appropriation-backed bonds listed at the end of this release. The downgrade reflects continued economic and revenue weakness that has further strained state finances. The Rating Outlook is Stable. <BR/>Rhode Island's recent economic performance has been amongst the weakest of the states. The state has one of the most stressed real estate markets in the country, fueled by subprime delinquencies, and has lost jobs every month since August 2007. August 2008 employment was 2.6% below August 2007, compared to the nation's loss of 0.2%, with declines in almost every sector. Unemployment in August 2008 stood at 8.5%, 139% of the U.S. rate. The pace of personal income growth also has been below that of the nation; 2007 personal income per capita equals 103% of the U.S."<BR/><BR/>http://www.marketwatch.com/news/story/fitch-downgrades-rhode-islands-gos/story.aspx?guid=%7BBA604BDB-20AC-403D-9249-091FFA9A051D%7D&dist=hpprJeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-69491387776855649332008-10-14T15:42:00.000-07:002008-10-14T15:42:00.000-07:00one more equation seems to be ...ARM reset=US Econ...one more equation seems to be ...<BR/><BR/>ARM reset=US Economy reset<BR/><BR/>http://tinyurl.com/yul6cm<BR/><BR/>;)Anonymousnoreply@blogger.com