tag:blogger.com,1999:blog-6492542366661862113.post2998906417660129900..comments2023-10-31T01:32:09.169-07:00Comments on The Housing Time Bomb: Housing Continues to DeteriorateJeffhttp://www.blogger.com/profile/04450070920047311928noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6492542366661862113.post-75268598312787893012009-01-07T12:30:00.000-08:002009-01-07T12:30:00.000-08:00Don't you love this toilet bowl we call a market?F...Don't you love this toilet bowl we call a market?<BR/><BR/>Fraud everywhere. Confidence is getting crushed. Retail should be awful tomorrow. <BR/><BR/>A good day to be short!Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-55120062938265281122009-01-07T12:11:00.000-08:002009-01-07T12:11:00.000-08:00Obama did use the word "Dire" when speaking about ...Obama did use the word "Dire" when speaking about the economy. I was watching the SPYs when he said it. I could swear the SPYs did a double take.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-28360625059638597682009-01-06T22:43:00.000-08:002009-01-06T22:43:00.000-08:00And: Struggling Retailers Press Struggling Landlor...And:<BR/><A HREF="http://online.wsj.com/article/SB123129342324759689.html" REL="nofollow"> Struggling Retailers Press Struggling Landlords on Rent </A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-78169326035813307492009-01-06T22:35:00.000-08:002009-01-06T22:35:00.000-08:00FYI.Businesses Seek Tax Break on Canceled Debt Lik...FYI.<BR/><A HREF="http://bloomberg.com/apps/news?pid=20601087&sid=aMjCHzL0Bun4&refer=home" REL="nofollow">Businesses Seek Tax Break on Canceled Debt Like Homeowners Got</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-14290464726197296942009-01-06T19:24:00.000-08:002009-01-06T19:24:00.000-08:00JDIts coming. They aren't desperate enough...YetT...JD<BR/><BR/>Its coming. They aren't desperate enough...Yet<BR/><BR/>The problem is they both own so many treasuries that they blow up themselves if they stop buying them.<BR/><BR/>I think as this recession deepens, they will be forced to take the money out of the US and spend it at home so they can stay in power.<BR/><BR/>This whole thing will blow up eventually. Its gonna take some time. I am starting to wonder if the bond market might get tired of Obama's massive spending packages.<BR/><BR/>If the vigilantes say "no mas" to Obama, things could get ugly in the bond market.<BR/><BR/>Keep an eye on yields. Some big money has been forced to rotate into stocks because of this rally so the rising yields this week should be expected.<BR/><BR/>I think the big money thats been forced out of treasuries and buy pieces of garbage in the stock market are not happy with the government spending celebration in equities.<BR/><BR/>Many investors are going to tire of the Fed's antics.<BR/><BR/>You have 2 choices now: Make 0% in treasuries or buy equities with zero earnings.<BR/><BR/>It won't stay like this forever. There will be some trigger that blows this whole thing up.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-63538478840308349042009-01-06T19:15:00.000-08:002009-01-06T19:15:00.000-08:00MintonI totally agree with you. Check this out fr...Minton<BR/><BR/>I totally agree with you. Check this out from the NY Post.<BR/><BR/>Lets see if the rally can continue when we post a big fat nasty jobs print.<BR/><BR/>I have so many friends that are losing jobs! Its really frightening.<BR/><BR/>Obama sounded scared to me today. They know its going to be bad, and they don't know what in the hell to do about it except throw more money at it which does nothing but throw is deeper in debt.<BR/><BR/>HEre is the Post article:<BR/><BR/>ALBANY, N.Y. - New York's unemployment claims systems have crashed, overwhelmed by tens of thousands of jobless New Yorkers trying to call or log in at once ahead of this week's filing deadline. <BR/><BR/>State labor department officials say the problem started Monday and caused the phone banks at the state's toll-free claims center to shut down, followed by the online filing system. Leo Rosales, an agency spokesman, says as many as 10,000 people per hour were trying to log into the system. <BR/><BR/>Technicians are trying to bring the systems back online Tuesday afternoon but officials couldn't say when they'll be back up and available. <BR/><BR/>Rosales says the system failure shouldn't delay newly unemployed workers from getting benefits because they have until the weekend to file claims.<BR/><BR/>http://www.nypost.com/seven/01062009/news/regionalnews/ny_unemployment_claim_systems_overwhelme_147768.htmJeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-78145374250837418672009-01-06T18:48:00.000-08:002009-01-06T18:48:00.000-08:00the market is being propped by government decree.....the market is being propped by government decree.. i.e. 'fiat equity'..not the true market. but how much longer can the international community allow the US to benefit from creating money without consequence to fund our military and CIA covert operations? what we need is some sabre rattling from russia and china.johndanielshttps://www.blogger.com/profile/12826656236555940567noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-5433747627596455042009-01-06T17:42:00.000-08:002009-01-06T17:42:00.000-08:00Yeah, there's a ridiculous level of nonsense in th...Yeah, there's a ridiculous level of nonsense in the markets right now with the buying response to bad news. But I can't help feeling much of this is New Year money pouring into a thinly-traded market. <BR/><BR/>Whichever way you spin it, the news everywhere is nothing short of completely disastrous. The car sales numbers were just catastrophic for everyone, and I still keep hearing commentators who are actually surprised the consumer is so timid. What?! Are they kidding? Who in this market is thinking of anything other than keeping their job?<BR/><BR/>Talking of jobs, I think this Friday's job number is going to be much MUCH worse than expected. There was some seasonal tweaking last time that took the pressure off, but this one's going to be big, hard number. Everyone's slashing at the workforce numbers and people are not going to be slow to file unemployment now the holidays are over and government offices are actually open!<BR/><BR/>And I think the endless noise from the Obama camp about creating jobs could be bad news next month, when someone asks the question about how we pay for all this.... *sigh*, it's enough to drive me to drink.James Bhttps://www.blogger.com/profile/13052914767131527583noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-26465851371649512992009-01-06T15:56:00.000-08:002009-01-06T15:56:00.000-08:00no problem :)no problem :)Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-87436857875231867192009-01-06T15:01:00.000-08:002009-01-06T15:01:00.000-08:00Thanks for the posting, Jeff.Thanks for the posting, Jeff.Anonymousnoreply@blogger.com