tag:blogger.com,1999:blog-27697009.post1391221773007243845..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : Liquidity, "A Well Run Dry"Jim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-27697009.post-22735610253854025962007-08-30T09:23:00.000-07:002007-08-30T09:23:00.000-07:00Jim, I went back and read your "The Pop and Drop M...Jim, I went back and read your "The Pop and Drop Monetary Implosion" post, it was great. I also read the comment to it, and I have to say that I don`t care if you`re not a perfect speller, just keep bringing on these uncommonly good post. We have TONS of people who can spell perfectly with the advent of spellchecker, but few with common sense.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-65085007013345193932007-08-30T06:38:00.000-07:002007-08-30T06:38:00.000-07:00Thanks for the link Jim, VERY much appreciated! My...Thanks for the link Jim, VERY much appreciated! My gut was telling me to sit tight, but it is good to hear it from someone with more experience than I have.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-72181256800300003412007-08-29T18:52:00.000-07:002007-08-29T18:52:00.000-07:00Hi Anon 6:59I think that sitting tight would be th...Hi Anon 6:59<BR/><BR/>I think that sitting tight would be the best thing to do. There will be opportunity coming up, but you have to wait. I see rental real estate (not condos, but detached houses) as a good investment if the market goes to hell. It might take a couple of years to get there, but everyone that is fully invested today, probably won't have the funds in the future to take advantage of the real estate collapse.<BR/><BR/>Here is a <A HREF="http://greatdepression2006.blogspot.com/2006/05/good-assets-to-hold.html" REL="nofollow">Link</A> to a post of mine from May 29th last year that goes into more detail.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-5525783825229184322007-08-29T06:59:00.000-07:002007-08-29T06:59:00.000-07:00Hello Jim, If you were an average American with a ...Hello Jim, If you were an average American with a blue collar job and had all your debts paid off except the house, plus you had about $100,000 in T-bills, What would you invest in, after looking at what is happening right now? Would you pay the house off? (which would be possible, plus a little left over) Invest in gold? Foreign currencies? Buy some blue chip stocks? Or maybe just sit tight for a little bit and see what unfolds? I won`t hold you to anything, I`m just looking for some ideas. ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-73826370216090125532007-08-28T20:08:00.000-07:002007-08-28T20:08:00.000-07:00Anon 4:36They could print more money, but the prob...Anon 4:36<BR/><BR/>They could print more money, but the problem the Fed is running into is that no one wants to borrow money.<BR/><BR/>When the Fed prints money, they have to buy something, like a new road, a military tank, or even pay social security payments. <BR/><BR/>This stuff that they have been pulling at the discount window so far, is a loan item, technically they are not printing money but that could be argued.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-20434821570154507022007-08-28T19:52:00.000-07:002007-08-28T19:52:00.000-07:00Annon 5:54The thing that is being missed here, is ...Annon 5:54<BR/><BR/>The thing that is being missed here, is that the lender, the entity who holds the note, in 99% of the cases, is no where near the property. Deutche Bank in Germany, Chase in New York, and other centrally located offices manage these foreclosures.<BR/><BR/>So the bank in your town managing each foreclosure, could care less what happens, they get a management fee for keeping an eye on the property. They have absolutely no interest in selling it. You tell them what you want them to do for $200 a month and they send you the bills due on the property.<BR/><BR/>Another point of issue, when does the loan holder have actual title to the property? In some states that can be over a year. So things are not going to move very smoothlyJim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-18826183519916600412007-08-28T16:36:00.000-07:002007-08-28T16:36:00.000-07:00THERE IS NO NEED TO BE CONCERN, ALL WE HAVE TO DO ...THERE IS NO NEED TO BE CONCERN, ALL WE HAVE TO DO IS BUILT MORE PRINTING PRESSES TO PRINT MORE MONEY, AND THIS WAY WE CAN PAY FOR EVERYTHING.<BR/>STEPHEN A KAPOGIANNISAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-15397292196433005842007-08-28T08:54:00.000-07:002007-08-28T08:54:00.000-07:00As a broker in Phoenix, I have noticed that the le...As a broker in Phoenix, I have noticed that the lenders are keeping the foreclosure properties on the market at high prices. It makes me believe no one really wants to know how much is going to be lost.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-83018385039821164902007-08-27T19:13:00.000-07:002007-08-27T19:13:00.000-07:00Hi AnonI checked todays volume and it was around 2...Hi Anon<BR/><BR/>I checked todays volume and it was around 2.5 billion shares. No big move for the exits yet.<BR/><BR/>I don't really follow the volume much and I suppose I should, but if things start to happen volume would definitely jump up as would the size of the blocks of stocks tradedJim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-6108655070005669242007-08-27T09:11:00.000-07:002007-08-27T09:11:00.000-07:00enstulohHello Jim, this is Anon 5:08. I have anoth...enstulohHello Jim, this is Anon 5:08. I have another novice question today. I noticed that the NYSE volume is 80000000 at 11:04 AM CST this morning, I`ve never seen it above 40000000 in the very short time that I`ve been following this. Is there anything to read of how high the volume is in a particular trading session? Why would they be trading close to twice as much volume as I have ever seen it today?Anonymousnoreply@blogger.com