Posted on 08/09/2007 6:33:05 AM PDT by Hydroshock
“I think it’s like some Christians who get off by condemning others to hell.”
How many time have you heard a Christian condemn a person to hell? Of course it’s an impossibility for a person to do so but I am curious to know where you heard such a condemnation take place.
Maybe slightly higher than normal, but it’s nothing like a “meltdown”.
Well said.
No, I am in favor of raising rates to stop inflation. But be that as it may the liquidity is gone adn will nto be coming back in the near future.
This isn’t political. This is dangerous, dangerous economic stuff.
Do you think the markets are immune to emotion ? Shoot, the markets ping around on rumor and speculation, as much as fact.
There’s a bridge in Brooklyn that hasn’t collapsed yet that’s for sale ...
The stock market opened lower this morning on something that happened in France earlier today...
Hey why all this focus on bad loans for mortgages. Everyone ignores the atrocious student loan situation. Colleges in bed with the banks and the Gov’t dupe kids and parents into floating monstrous loans (while tuitions continue to rise). When students get out of school owing 20, 30, 40 thousand dollars many of these loans can’t be repaid and are defaulted on as well. And the Democrats want to increase money to the program? Does anyone dare to say enough? Because education is good. Repeat the words, education is good, good, good...
I guess older brother Neil Bush is not involved this time. The American taxpayer bailed out Neil Bush and Silverado to the tune of about $150 billion. The little guy got burned big time by Neil.
Re: Do you think the markets are immune to emotion ?
I am wholly cognizant of that, thank you.
Re: There’s a bridge in Brooklyn that hasn’t collapsed yet that’s for sale
So all of the suprime worries are just that, worries?
They have absolutely nothing to do with the recent collpase of at least 2 Goldman Sachs hedge funds[roll eyes]
Agreed, My wife and I have paid over $20k already on her loans, adn still have more ot go.
By the time an economic crisis becomes “real” for many people, it’s already too late. It’s one of those deals where “economics” is far, far away and doesn’t have anything to do with them until they’ll paying $4.00 for a can of soup.
Why ? Less than 4% of mortgages are delinquent or in default - meaning 96% of Americans are (so far) secure in their mortgages.
Who will get hurt ? The intemperate fools who bought and lent to those buyers houses they could not afford. Hedge fund investors and their managers who invested in subprime debt. Corporate buyouts based on unrealistic multiples of earnings.
Need I go on ? The stock market will not tank beyond a basic correction, because so far, corporate earnings are decent.
I don’t see another major recession coming long in the wake of this.
I still think ongoing excess money supply is our bigger long range problem, and the slowing of the debt creation process thru fewer loans will be a help.
Shaking stupidity out of the markets is a good thing.
BNP Paribas Freezes Funds as Loan Losses Roil Markets (Update3)
Record M&A activity was happening before all of this hit the fan. Now it looks like we will see decreased M&A, along with tougher loans for those who truly are growing their businesses.
There is more here than just a headline.
The constant gloating over people losing their homes—whether or not they should have been more wise about personal finance—is a bit difficult to stomach.
Three guesses why the hue and cry for a bailout....
Exactly.
Economics is NOT brain surgery, but there is more there than meets the eye.
“You’re right, but apparently some people feel morally superior by declaring they have no sympathy for others.”
What are we supposed to do? Say how much we care? We really, really care about these stupid people that are unable to read teh contract and take care of themselves. You sound like a “compassionate conservative”. We care more than the liberals.
That 4% doesn’t exist in a vacuum. Those hedge funds don’t exist in a vacuum. Plus, we’re only seeing the first wave of this thing now.
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