tag:blogger.com,1999:blog-27697009.post116676741536286126..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : Banker's NightmareJim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-27697009.post-27470892567129452802007-02-03T22:39:00.000-08:002007-02-03T22:39:00.000-08:00not old enough to have a recollection of 1990 effe...not old enough to have a recollection of 1990 effect you mentioned, what was that all about?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-1168927080939484542007-01-15T21:58:00.000-08:002007-01-15T21:58:00.000-08:00Hi Asuwest,I thought that they would start over wi...Hi Asuwest,<BR/><BR/>I thought that they would start over with the new year, but that didn't happen. I am guessing that these numbers are "real time" numbers, the old drops off and the new is added. I could be wrong on this.<BR/><BR/>Just noticed another site <A HREF="http://www.realtytrac.com" REL="nofollow">Realtytrec.com</A> that lists REO's. Its showing 3,431 REO's for San Diego. I guess this isn't something you want to get on a soap box and start yelling about, people would probably think you had lost it, in Never Never Land!Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-1168751532988908452007-01-13T21:12:00.000-08:002007-01-13T21:12:00.000-08:00Jim--awesome! I had the same thought about tracki...Jim--awesome! I had the same thought about tracking their numbers, since they nicely total it out. Any idea at what point they drop a property out of their count? Just for this week, the national #'s increased about 1 1/2% for both preforeclosure and foreclosure. Kinda gives you that sick feeling in the pit of your stomach, eh?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-1168055516959205902007-01-05T19:51:00.000-08:002007-01-05T19:51:00.000-08:00Dear Anon,Maybe we are just splitting hairs here.W...Dear Anon,<BR/><BR/>Maybe we are just splitting hairs here.<BR/><BR/>What I was trying to illustrated using semi logarithmic paper, was the fact that the number of NODs is increasing geometrically. If you plot the function y=(x)squared, you get a straight line.<BR/><BR/>The geometric implication is that we have lost control. You more or less have a giant snowball rolling down hill. <BR/><BR/>An arithmetic progression would suggest that the situation could be controlled, this one looks as if it is self feeding.<BR/><BR/>Plot the 7,914 foreclosures total posted for today (Jan 5) and it falls almost on the middle line.<BR/><BR/>This is not a good thing, I classify it as eerie and unsettling.<BR/><BR/>I hope this clarifies what I was trying to illustrateJim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-1168025778621530172007-01-05T11:36:00.000-08:002007-01-05T11:36:00.000-08:00I agree with you in principle that foreclosures ar...I agree with you in principle that foreclosures are going on increase but I don't agree with your graph.<BR/><BR/>A linear line on a logarithmic scale would translate into exponential (base e or 10 depending on what you used in the log scale) curve on a regular graph.<BR/><BR/>No science does extrapolation on a log scale.<BR/><BR/>But no denying the fact that foreclosures are going to increase. Even if you take in to consideration a linear increase that's going to bring down the economy big time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-1167084766006010532006-12-25T14:12:00.000-08:002006-12-25T14:12:00.000-08:00The graph would have a definite curve in it if plo...The graph would have a definite curve in it if plotted on regular graph paper. The projection for June on semi logarithmic paper suggest that its going ballistic.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-1166811825326604412006-12-22T10:23:00.000-08:002006-12-22T10:23:00.000-08:00I agree about your point about NODs, but I am just...I agree about your point about NODs, but I am just not sure that the graph should be logarithmic. It isn't growth of a value that we are looking at, but just a total number of foreclosures. <BR/><BR/>It's like looking at the stock market and graphing the total number of shares transacted. It doesn't need to be logarithmic, but the value of the stocks can be graphed logarithmically as it will grow exponentially.<BR/><BR/>Your graph looks to be actually rather linear so far. Older data points would help establish this better.<BR/><BR/>I am dying to know if anyone has any concept of the number of NODs.Anonymousnoreply@blogger.com