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Started By
Message
re: MileHigh Financial Armageddon - back to level 2
Posted on 10/13/08 at 5:16 pm to LSUtoOmaha
Posted on 10/13/08 at 5:16 pm to LSUtoOmaha
quote:
Are we back to 3?
Not yet, but getting close.
2
Posted on 10/15/08 at 3:42 pm to MileHigh
where is your prediction thread? Im still down for Oct 21-22 2008
Posted on 10/23/08 at 8:38 am to poboydressedplease
2
Posted on 10/23/08 at 9:49 am to MileHigh
We're in transition mode, going from the BOOM to the slow burn. It's not over by a long shot for the banks (not even including the consumer recession). An awesome chart I found last night: LINK
Especially scary considering that most sub-prime/alt-a losses have been estimated at over a trillion, so its really even more dire than Kedrosky claims. We'll be "recapitalizing" (I prefer zombifying) for awhile.
Especially scary considering that most sub-prime/alt-a losses have been estimated at over a trillion, so its really even more dire than Kedrosky claims. We'll be "recapitalizing" (I prefer zombifying) for awhile.
Posted on 10/23/08 at 9:53 am to kfizzle85
We still have to see the full drip into prime mortgages, then the other consumer lending aspects get blown up.
It amazes me, virtually everyone agrees that at the core we had too much lending to people that couldnt pay (for whatever reason)... why too much debt flying around. Solution, why freaking mandate banks return to that level of borrowing... nothing like mandating a return to a credit bubble:
LINK
Like it or not, we need to see significant deleveraging.. I know no politician can say that, but it is the whole truth and nothing but the truth.
It amazes me, virtually everyone agrees that at the core we had too much lending to people that couldnt pay (for whatever reason)... why too much debt flying around. Solution, why freaking mandate banks return to that level of borrowing... nothing like mandating a return to a credit bubble:
LINK
Like it or not, we need to see significant deleveraging.. I know no politician can say that, but it is the whole truth and nothing but the truth.
Posted on 10/23/08 at 9:58 am to igoringa
Totally with you, we're setting up for Japan-2.0, minus the massive savings rate. Could get ugly. Its especially unfathomable to some people that the DOW could never see 14,000 again. Ask Japan how they feel about the Nikkei...yeah. We do have two positives though: 1) ridiculously diverse economy, 2) big arse military.
Posted on 10/23/08 at 10:15 am to kfizzle85
kfizzle and ig, you are both correct.
But the issue is do we risk immenient financial collapse? Do we need to have dry goods, cash, etc? I think we are out of the woods for now.
But the issue is do we risk immenient financial collapse? Do we need to have dry goods, cash, etc? I think we are out of the woods for now.
Posted on 10/23/08 at 11:03 am to MileHigh
Yeah definitely MH, that's why you should add a "Transition Mode" lvl
Posted on 10/23/08 at 11:26 am to kfizzle85
quote:
Yeah definitely MH, that's why you should add a "Transition Mode" lvl
I think level 2 represents this. just MHO....wait its my ratings!!!!!!!
Posted on 10/23/08 at 11:30 am to MileHigh
Do you work for Moody's? If so, then we know you'd
"rate something put together by cows."
"rate something put together by cows."
Posted on 10/23/08 at 11:32 am to kfizzle85
quote:
"rate something put together by cows."
cows would be a good thing to stock up on. especially milk cows.
Posted on 10/23/08 at 12:37 pm to MileHigh
MH, should i sell my sds right now at 10% gains ?
Posted on 10/23/08 at 2:01 pm to Zilla
quote:
MH, should i sell my sds right now at 10% gains ?
I don't know.
I liquidated my inverse ETFs as I am worried about them not tracking well and potential problems if we see a large market movement.
Posted on 10/23/08 at 3:25 pm to MileHigh
To be actually on topic: Although we've seen improvements in spreads recently (this week), they're still waaaaaay above normal levels and way stressed. More importantly though, they've started retracing their steps (good daily roundup here).
Posted on 10/23/08 at 3:58 pm to kfizzle85
I saw that this afternoon. Not a good situation if you ask me. But its still much better than it was last week.
Trust me I will keep an eye on this.
Trust me I will keep an eye on this.
Posted on 10/23/08 at 4:04 pm to MileHigh
I know we read the same shite. Posted on 10/23/08 at 9:20 pm to kfizzle85
so, this market shutdown, if it happened, would that be , basically , starting a "great depression" or straigthening things out to avoid one?
Posted on 10/24/08 at 9:09 am to Plucked
FWIW, Milehigh some folks might not take you serious but you do seem to know a little bit about whats going on.
Posted on 10/24/08 at 9:12 am to Plucked
quote:
so, this market shutdown, if it happened, would that be , basically , starting a "great depression" or straigthening things out to avoid one?
if a circuit breaker is triggered no.
If it gets shut down for a week for people to calm down. You can pretty much count on chaos, food hoarding, limited access to cash, massive crime and martial law.
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