Comments on: The End Of The Housing Crisis? Huh?

By: Marc Authier

Marc Authier — Mon, 19 May 2008 23:23:00 +0000

“Humpty Dumpty UBS” Union des Banques Suisses has done it again! They have another 45 billion of risky investments on their books. Love their financial leverage too. 53!

Herr direktor Ospel (the swiss Ben Laden of banking) has done a great job at destroying the reputation of Switzerland. Funny farm UBS.

It’s really frustrating for a short or a put buyer, to see the prices these pieces of junk are still fetching.
When will they really crash ? I don’t get it.

By: Marc Authier

Marc Authier — Thu, 15 May 2008 18:41:51 +0000

Best time to buy ? After the presidential election when the shit will be really hitting the fan. The bottom is here because the banks want you to believe that the bottom is here.”Pump and dump”. They are trying to fix “Humpty Dumpty”. Save Lehman Brothers Movement in operation. It’s like the phony baloney CPI numbers yesterday. It allows them to have free money to pump the stuff.

By: K

Thu, 15 May 2008 10:21:51 +0000

Best estimate for bottom will be, when Case-Shiller futures contract will be equal or higher than spot Case-Schiller index.

If one beleives that bottom is right now, and future contract is bellow spot price, he can simply lock in additional discount.

You may disagree that normal consumer is not capable of futures trade.

If market would beleive that bottom is here, proffesional trades would immediatly spot arbitrage opportunity.

By: theunknownsource

theunknownsource — Wed, 14 May 2008 06:05:07 +0000

dont believe the hype. the time to buy is now!!!

By: evil-A

evil-A — Tue, 13 May 2008 18:09:41 +0000

Yes sir, that is what I am being told ;oD

By: Mr. Mortgage’s Guide to the TRUTH!

Mr. Mortgage’s Guide to the TRUTH! — Tue, 13 May 2008 16:50:28 +0000

[...] The End Of The Housing Crisis? Huh? [...]

By: believerJeff

believerJeff — Tue, 13 May 2008 14:14:58 +0000

Hank Jestor

Interesting graph. What does it mean to the layman? Does it show that they are getting more and more leveraged?

By: LumberGuru

LumberGuru — Tue, 13 May 2008 00:10:17 +0000

Not even close…people all talk their position.

No one wants to believe that things are that bad (like the lady I saw on TV spraying all the weeds in the abandoned houses due to Underwater escapitis

By: evil-A

evil-A — Mon, 12 May 2008 18:25:43 +0000

omg, a realtor I know, just sent me the wall st. journal article declaring the houseing slump is over ?!?!

Mr. M – more thoughts on that? I almost fell off my chair, but then again what is she going to say?

By: Hank Jestor

Hank Jestor — Mon, 12 May 2008 08:47:01 +0000

Here we go. I have been waiting to see if any of the FEDs actions would have an impact on Non-Borrowed Reserves of Depository Institutions. Guess what. it hasn’t slowed the drop.
This is the scariest chart. I think it shows the cliff we have fallen off.

http://research.stlouisfed.org/fred2/data/BOGNONBR_Max_630_378.png