tag:blogger.com,1999:blog-4921988708619968880.post6193254241556498248..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: June 6 2009: All my tomorrows were yesterdayIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger71125tag:blogger.com,1999:blog-4921988708619968880.post-73940672012522096382009-06-08T02:39:01.279-04:002009-06-08T02:39:01.279-04:00To 'Anon' (aka ?) 9.21pm,
Life is short ...To 'Anon' (aka ?) 9.21pm,<br /><br />Life is short and precious - preoccupy yourself with more important things not with the trivial.<br /><br />;) Anon and Amen and.........Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-21725520127808401402009-06-07T23:54:48.785-04:002009-06-07T23:54:48.785-04:00"In many ways, the Ministry of Propaganda, ru..."In many ways, the Ministry of Propaganda, run by the Kriminalklass, is flogging the notion of Inflation because it drives people/sheeple to prepare in exactly the wrong way for a deflation."<br /><br />Inflation is coming for sure, although at a much longer period than the majority of investors think it will happen.<br /><br />The US is broke and either has to Monertize the debt or Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-1855897188689942602009-06-07T21:54:29.059-04:002009-06-07T21:54:29.059-04:00New post up.
Please excuse the delay.New post up.<br /><br />Please excuse the delay.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-15513570193689931702009-06-07T21:53:46.417-04:002009-06-07T21:53:46.417-04:00"you mentioned a "repo call" for a ...<i>"you mentioned a "repo call" for a mortgage that is underwater."</i><br /><br />No I didn't. The term is margin call.Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-64600685461582101822009-06-07T21:21:57.434-04:002009-06-07T21:21:57.434-04:00Fanfare of trumpets, roll of drums, now presenting...Fanfare of trumpets, roll of drums, now presenting, The <a href="http://www.bloomberg.com/avp/avp.htm?N=av&T=Roubini%20Dismisses%20%60Green%20Shoots%2C%27%20Sees%20%60Complacency%27&clipSRC=mms://media2.bloomberg.com/cache/vAkt_1Obh0IE.asf" rel="nofollow"> complacent</a> Roubini<br><br>Thanks to another anon: ANON June 7, 2009 6:48 PM (AKA No really?)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-89405174355727945602009-06-07T20:24:00.141-04:002009-06-07T20:24:00.141-04:00Ilargi,
you mentioned a "repo call" for...Ilargi,<br /><br />you mentioned a "repo call" for a mortgage that is underwater. This does not exist for most residential mortgages in the US. This may be a danger in some countries in Europe, though.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-38303710851970991362009-06-07T20:19:27.018-04:002009-06-07T20:19:27.018-04:00@Anon 7:37
I am saying when a house sells, the ban...@Anon 7:37<br />I am saying when a house sells, the bank and realtors know the general assessment value of all the homes in a certain area - yes.<br /><br />Does the bank recalculate their assets? yes<br />They have to provide asset amounts on their balance sheets.Persephonehttps://www.blogger.com/profile/16990525279110502147noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-30389485577906144952009-06-07T19:41:10.309-04:002009-06-07T19:41:10.309-04:00bellissimo the last article...a must read for ever...bellissimo the last article...a must read for everyone!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-22619992098034351432009-06-07T19:37:56.541-04:002009-06-07T19:37:56.541-04:00SO you are telling me that every time a house sell...SO you are telling me that every time a house sells nearby a general appraisal takes place?<br /><br />This seems impossible to me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-39098729678699742652009-06-07T19:31:43.673-04:002009-06-07T19:31:43.673-04:00@ Anon 7:01
Are we simply basing this off of the v...@ Anon 7:01<br /><i>Are we simply basing this off of the values of homes around you? That does not seem correct to me.</i><br /><br><br /><br />This is one I definitely know - and the answer is yes. Surrounding homes are evaluated on $/sq ft. regardless of cosmetics.<br /><br><br />If you have a bank that is issuing a mortgage to another home in your area (or selling one through REPO), then that Persephonehttps://www.blogger.com/profile/16990525279110502147noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-65356232246626758052009-06-07T19:25:29.420-04:002009-06-07T19:25:29.420-04:00Have You Ever Seen The Rain?<a href="http://www.youtube.com/watch?v=uHZ0l_NzOWs&feature=related" rel="nofollow">Have You Ever Seen The Rain?</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-40065879933787101482009-06-07T19:01:46.796-04:002009-06-07T19:01:46.796-04:00Illargi said: "Homes are appraised for variou...Illargi said: "Homes are appraised for various reasons. Property taxes is a big one. Want to pay double what the home next door sold for, just to keep the illusion alive?"<br /><br />Right. I know that homes are appraised for various reasons. Refi, purchase etc. <br /><br />Property tax assessment and a property appraisal are two different things. <br /><br />A tax assessor is not aAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-7974765954395127572009-06-07T18:48:31.791-04:002009-06-07T18:48:31.791-04:00I suppose a possibly interesting video (which I co...I suppose a possibly interesting video (which I couldn't watch - I don't have wndows) on the bloomberg websight.<br /><br />Roubini dismisses green shoots, sees complacency.<br /><br />No really?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-39260615407860141912009-06-07T18:47:16.936-04:002009-06-07T18:47:16.936-04:00Homes are appraised for various reasons. Property ...Homes are appraised for various reasons. Property taxes is a big one. Want to pay double what the home next door sold for, just to keep the illusion alive?Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-5867442344173116022009-06-07T18:04:54.072-04:002009-06-07T18:04:54.072-04:00How is a home determined to be underwater? Aren&#...How is a home determined to be underwater? Aren't appraisals taken at the time of purchases and refi's? If you do nothing to trigger a re-appraisal what determines your home as losing its value? The homes around you? But legally speaking, how can the bank come in and re-appraise at their will? It would be in their interest to play the role of Schultzy from Hogans Heroes- "I see Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-21550032188000335472009-06-07T17:43:55.895-04:002009-06-07T17:43:55.895-04:00The only thing that both keeps home prices artific...The only thing that both keeps home prices artificially high at the moment and at the same time keeps banks from being far more aggressive in making margin calls, is the government's dual plan of A) multi-trillion dollar bank-bail-outs and B) multi-trillion dollar subsidization of home purchases through FHA, FHLB and most of all Fannie and Freddie.<br /><br />That approach has one huge caveatIlargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-52847912632168802782009-06-07T17:30:41.874-04:002009-06-07T17:30:41.874-04:00If U6 unemployment is 20%, we must have a long way...If U6 unemployment is 20%, we must have a long way to fall considering that I just drove by the local Costco and it was completely packed. Went by the movie theatre and there were no parking spots. Anywhere I go I see people buying shit. If large portions of the country go underwater on mortgages, maybe it will spur a natural readjustment to the way banks expect to be paid back. What is more Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-33666802142711918392009-06-07T17:21:08.762-04:002009-06-07T17:21:08.762-04:00Anon 4:26,
The problem with being underwater (or ...Anon 4:26,<br /><br />The problem with being underwater (or one of them, at least), is that the home serves as collateral for the loan. A $500.000 mortgage on home that drops in value to $250.000 or lower can cause the lender to do a margin call, i.e. demand the borrower put up additional collateral. This is true for a car as well, but since the absolute amounts are not nearly as high, they can Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-11342048046668448382009-06-07T17:05:50.228-04:002009-06-07T17:05:50.228-04:00Like a massive boulder tossed into water, each une...Like a massive boulder tossed into water, each unemployment percentage point becomes part of the undulating tidal wave which threatens to capsize the remainder of the ships. The unlucky two out of eight( to cite your numbers) are still part of the whole, just as the ship still needs the water it sails on.<br /><br />The "us' and " them" mentality likes to crawl into a safe andAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-26502941173874774152009-06-07T16:49:39.589-04:002009-06-07T16:49:39.589-04:00Carpe Diem (I think there was another carpe diem o...Carpe Diem (I think there was another carpe diem once?)... I'm the other one.<br />I always thought European, New Zealand, Australian bonds had no relationship to the US bond market (just shows how little I know of these things).<br /><br />Anyway thank you FB for your further elaboration.<br /><br />And thanks to all of the other contributors.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-48231631106636479032009-06-07T16:27:58.135-04:002009-06-07T16:27:58.135-04:00re: el gallinazo's TAE Registry
I have recent...re: el gallinazo's TAE Registry<br /><br />I have recently been toying about with a way to allow people from different cultures to exchange short messages and to "chat" online in a fairly anonymous way. For the sake of demonstration, I shall call myself Nassim123 and anyone who wishes to may write to me in any language he cares to (it can get translated to English). I will happily Nassimhttp://illicitchat.comnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-89608617966845238332009-06-07T16:26:33.718-04:002009-06-07T16:26:33.718-04:00I am perplexed by the concern about being underwat...I am perplexed by the concern about being underwater in a mortgage. I guess I am from the school of thought that my home is where I live and not a vessel to make money. What if Stoneleigh still owed money on her farm and went underwater. Would she just walk away? Or try to sell it? I doubt it.<br /><br />If you do not plan to leave your home, I dont see what it matters if the value of it Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-9282645448841928542009-06-07T16:21:30.236-04:002009-06-07T16:21:30.236-04:00Well, Latvia had it's Parade of Blondes to che...Well, Latvia had it's <i>Parade of Blondes</i> to cheer up the nation, I suppose Manhattan could have a parade of Trophy Wives.<br /><br />What a spectacle it would be. <br /><br />You'd have to pass out sunglasses or the bystanders would be blinded by the Bling.<br /><br /><br />A new interpretation of Dylan's Blonde on Blonde<br /><br /><a rel="nofollow">http://www.youtube.com/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-53761205748417055262009-06-07T16:16:10.900-04:002009-06-07T16:16:10.900-04:00TAE Registry (as of now)
Bluebird
Brian M
Brimsto...TAE Registry (as of now)<br /><br />Bluebird<br />Brian M<br />Brimstone<br />Chaos<br />Dagobaz/cebele<br />DIYer<br />El Gallinazo<br />FAB<br />FB (Francois)<br />JP<br />Nightly Summary<br />Pdh1953<br />Persephone<br />Rachel<br />RC<br />Reluctant Poseidon Hamster<br />Rototillerman / WV Farmer<br />Snuffy<br />Wyote<br />YD<br /><br />My email is hpaulfuchs which can be found at gmail, a el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-64681781920459245492009-06-07T14:59:57.146-04:002009-06-07T14:59:57.146-04:00Hello again,
Just catching up on the discussion o...Hello again,<br /><br />Just catching up on the discussion on European bonds.<br /><br />Personally, I would do as El Galli suggests.<br /><br />For a long time, I thought that German bonds would hold up against sinking Treasuries (remember Hugh Hendry with the wild accent last winter?), but I have come to the conclusion that even the best European markets largely mirror the U.S. market and, moreAnonymousnoreply@blogger.com