Did anyone find it interesting that Jamie Dimon ripped into Ben, albeit offhanded? This kinda breaks the premise that Ben and Jamie are in some scheme to prop up the dollar through the silver market together no...? Just a thought...
Anybody interested in a silver or S&P pool ? Sort of like football pool. Say everyone put in 5 bucks or so and guess the S&P and silver price at the end of the month. The closest one win the pool.
I am already in a damn silver pool, trying to guess charts, guess US$, guess what JPM will do, guess what Obama will fuck up today and tomorrow, and wonder why I am getting twitted naked pictures of a US Congressman Weiner -
The bit that pisses me off, is that tjhese people should not have been allowed to get into this home. Toxic loans should not exist. Seems like the people who are really getting screwed are the people who waited 5 years to get a home, because they knew what was happening and rented small apartments, and now cannot buy these homes as they are still being occupied for free!
@Garry Lindsay, at the same time, we have hundreds of thousands of new and abandoned homes that are empty, and we have hundreds of thousands of families that cannot afford a home, plus thousands of families that have recently lost their homes due to natural disasters.
@gary exactly my wife still cant understand why I can cash for a house in west LA and I wont buy her a house....this has got to the point of stupid. The only thing that I can hope for is that its a house in the hiils
My brother just got an awesome foreclosed house in the Houston area for a song. Newer suburbs around my city have houses for sale (not foreclosures) that are discounted 30% from pre-2008 price, although they will go even lower by the end of the year. Deals are out there in some places. If you got a reliable job, I think a mortgage is a better deal then renting right now. But ya, don't expect to walk into a foreclosure on anything decent for $50k or some other ridiculous price. We aren't there yet.
You're right Spyder, it's a clusterfuck. And the main ones to benefit are the assholes running the banks that took on all this toxic shit in the first place. Travesty.
The housing market still has about 20%-30% more down to go, and then will bounce along the bottom for years. Taxes will go up in the next few years, your stuck in your home, what if you lose your job and have to move, or what about at disaster.
There is no way that I would by a home right now, my uncle lives in Dallas, I could pay cash for a house in his neighborhood, but I wouldn't because I know where all this is headed.
I mean a home should not be an investment it's a place to live just like renting but with renting I can say fuck off at anytime :) and I'm only out of a grand!
Just my opinion, as I am waiting to cash in some of PMs for a house :).
algorithmic gold trading or hf trading machines working together..
also its like every time gold ALMOST HIT THE 0 MCAD it got HAMMERED so hard back down i thought gold was too big of a market to manipulate so .. efficiently
Malcolm: I see where you're coming from but this is my situation owning - check it: -mortgage, taxes, etc = monthly rent payment -I was able to put in things like gardens, chickens, solar, etc. These things save a lot of money and can't be done in an aptmt. In this area I disagree with a home not being an investment. It's shouldn't be an investment for an ATM, it's an investment for life. -got a reliable job even in a down economy. If things get so bad that I lose my job or have to move, well then I'll have a lot bigger fish to fry in that scenario so I default if I cant sell. I dont feel bad either, fucking banks can eat my ass if they dont work with me. And a disaster can happen in any economy. I could die in a car accident today but that doesn't keep my from driving.
I see your point but I think there are scenarios where owning is so much better.
Did anyone find it interesting that Jamie Dimon ripped into Ben, albeit offhanded? This kinda breaks the premise that Ben and Jamie are in some scheme to prop up the dollar through the silver market together no...? Just a thought...
ReplyDeleteI MUST BE DREAMING: did silver actually have a good day?
ReplyDeletemeet me at the trap its goin down
ReplyDelete@Crusso33: all a show. They kiss each other goodnight. These M.F.'ers are so in bed together, it would make a gay man puke.
ReplyDelete@nig4life: huh?
ReplyDeletenig4life - Comin round the corna right now homie.
ReplyDeleteAnybody interested in a silver or S&P pool ? Sort of like football pool. Say everyone put in 5 bucks or so and guess the S&P and silver price at the end of the month. The closest one win the pool.
ReplyDelete@coconut, should work, isn't football rigged too?
ReplyDeleteI am already in a damn silver pool, trying to guess charts, guess US$, guess what JPM will do, guess what Obama will fuck up today and tomorrow, and wonder why I am getting twitted naked pictures of a US Congressman Weiner -
ReplyDeleteThe bit that pisses me off, is that tjhese people should not have been allowed to get into this home. Toxic loans should not exist. Seems like the people who are really getting screwed are the people who waited 5 years to get a home, because they knew what was happening and rented small apartments, and now cannot buy these homes as they are still being occupied for free!
ReplyDeletehttp://finance.yahoo.com/news/Foreclosure-limbo-Staying-cnnm-989137852.html?x=0
Garry - im with you. my wife and i waited cause of what we saw in the market. yet everyone is getting bailed out and we are getting screwed.
ReplyDelete@Garry Lindsay, at the same time, we have hundreds of thousands of new and abandoned homes that are empty, and we have hundreds of thousands of families that cannot afford a home, plus thousands of families that have recently lost their homes due to natural disasters.
ReplyDeleteGod bless America!
@gary exactly my wife still cant understand why I can cash for a house in west LA and I wont buy her a house....this has got to the point of stupid. The only thing that I can hope for is that its a house in the hiils
ReplyDeleteMy brother just got an awesome foreclosed house in the Houston area for a song. Newer suburbs around my city have houses for sale (not foreclosures) that are discounted 30% from pre-2008 price, although they will go even lower by the end of the year. Deals are out there in some places. If you got a reliable job, I think a mortgage is a better deal then renting right now. But ya, don't expect to walk into a foreclosure on anything decent for $50k or some other ridiculous price. We aren't there yet.
ReplyDeleteYou're right Spyder, it's a clusterfuck. And the main ones to benefit are the assholes running the banks that took on all this toxic shit in the first place. Travesty.
JFrancis,
ReplyDeleteThe housing market still has about 20%-30% more down to go, and then will bounce along the bottom for years. Taxes will go up in the next few years, your stuck in your home, what if you lose your job and have to move, or what about at disaster.
There is no way that I would by a home right now, my uncle lives in Dallas, I could pay cash for a house in his neighborhood, but I wouldn't because I know where all this is headed.
I mean a home should not be an investment it's a place to live just like renting but with renting I can say fuck off at anytime :) and I'm only out of a grand!
Just my opinion, as I am waiting to cash in some of PMs for a house :).
dude what do you make of this.. i found a symetrical rsi as gold got raped.. a few other patterns but this one baffles me..
ReplyDeletehttp://phoenixlonewolf.blogspot.com/2011/06/wow-look-at-that-symetrical-rsi-as-gold.html#links
algorithmic gold trading or hf trading machines working together..
also its like every time gold ALMOST HIT THE 0 MCAD it got HAMMERED so hard back down i thought gold was too big of a market to manipulate so .. efficiently
Jim Willie's latest:
ReplyDeletehttp://news.goldseek.com/GoldenJackass/1307649600.php
IAmPhoenix, did you see this?
ReplyDeletehttp://tfmetalsreport.blogspot.com/2011/06/cartel-cap-at-1550-still-in-place.html
@malcolm
ReplyDeleteYeah...I saw that on Turd's blog. Pretty disturbing if you ask me. Yet, nobody does shit about it...they just look the other way. Nothing to see here.
Malcolm: I see where you're coming from but this is my situation owning - check it:
ReplyDelete-mortgage, taxes, etc = monthly rent payment
-I was able to put in things like gardens, chickens, solar, etc. These things save a lot of money and can't be done in an aptmt. In this area I disagree with a home not being an investment. It's shouldn't be an investment for an ATM, it's an investment for life.
-got a reliable job even in a down economy. If things get so bad that I lose my job or have to move, well then I'll have a lot bigger fish to fry in that scenario so I default if I cant sell. I dont feel bad either, fucking banks can eat my ass if they dont work with me. And a disaster can happen in any economy. I could die in a car accident today but that doesn't keep my from driving.
I see your point but I think there are scenarios where owning is so much better.