Yup........according to CNBC we are 8 months into the recovery.
Silly turdballs.
Some are predicting a housing turn around.......(although those folks are getting harder and harder to find) they still insist RE is a good investment.
If you are in that crowd then do not read what Karl has to say over at The Market Ticker.
The ponzi scheme is bust. Debt, piled on top of debt, piled on top of debt, and our gov is the lender of last resort.
I recall 2 or 3 years back when the media was blaming the housing crisis on the "Subprime Bums" (they would always show a black couple....go figure) and those that had RE and wanted to sell said they were gonna wait till the housing market picked up again, all I could think of is the various RMBS (Residential Mortgage Backed Securities) that showed the default rates in the different tranches.......Prime....Alt-A and Subprime.....and how those default rates were higher in the Prime and Alt-A loans, than the Subprime loans. Scratching my bald head I could not figure out how housing values could possibly reverse course.
Well they didn't and they won't........certainly not in my lifetime anyway. So plan accordingly.
Purchasing a house will eventually be like purchasing a vehicle.
When you buy a car, do you plan on using it for a while and then selling it for more than you paid for it?
No.
Do you refi your car to buy shoes or go on vacation?
No.
You use it for the purpose you bought it for, transportation.
Homes will be bought to serve a purpose.....shelter.... and not as a so called investment or a means of leverage.
Tuesday, March 9, 2010
Friday, March 5, 2010
Moutaineers Excited
Climbers around the world are very excited after the discovery of what will turn out to be their hardest climb in history. "Dee face of de Federal Reserve baluunce sheeet will prove to be a challuunge, it goes straight up", said Pierre Peteau an expert climber from France who will lead a 60 man team in his attempt to be the first man to reach the top. "De problum iz dat dee mountain,...... it keeps growing".
The Polish team is still digging at the base of the cliff at their attempt to be the first to reach the summit.
The Polish team is still digging at the base of the cliff at their attempt to be the first to reach the summit.
Thursday, March 4, 2010
A Dangerous Predator
This article was in the UL the other day.
I did get a good laugh from it.
First of all it appears Dick doesn't like Canadians.
Second, what do you think drove the wolf to extinction around here? Ahhhhh da ya think it may have something ta do with hunters wanting to shoot them? Look........there's a predator.....it's killing deer. We killed all the wolves.....let's kill the coyote's.
"They're predators. The question I have is how would they interact with the deer herd, which is already under stress here?" said Stan Holz, a hunter and owner of the Village Gun Store in Whitefield.
Invasive?........WTF? Wow Dick should put on a deer costume during deer hunting season.
This fuckface really pisses me off.
Yes......coyote's hunt for food.....they are predators......they hunt to survive. They eat what they kill, to feed their young......unlike dumbass hunters that kill for the thrill to kill.
Yes Dick that was a sad story about that dog, It's also sad when they die from getting run over by a car. Is the life of a retired hunting dog more precious than a wild dog? How so? Is a house cat different from an alley cat? If a Bald Eagle got to your aquarium would you want to drive them to extinction too? Shoot those fuckin invasive birds!!!!
I can't watch, and always flick when NatGeo or similar programs show lions, crocks or other predators do what they have to do to survive. They kill to survive. Should we go and kill all predators?
If so then I better keep Gabby, Dupree and Pete inside cuz those three alone have killed more birds, chipmunks, mice and anything else around here that has a pulse and like a hunter, they kill for the thrill.......not because they have no food.
Oh and those killing machines got a deer on the ice. Oh my fuckin lord what a horrible sight it must have been for Nate to see the remains of a deer. I wonder if Dick takes Nate huntin and shows Nate how to shoot a deer, gut it, hack off what ever you can't carry.........unless you are one of those fortunate hunters that can kill one within 20 feet of ya pickmeuptruck........and then stick the head on the wall of your den for all the boys to see how big that deer was.
Give me a break.
A hunter can go out and shoot what he thought was a deer, could be a cow......dog....other hunter....and a hunter can also shoot at something and say how he knew he got him cuz there was blood on the ground.......and that's OK.
But a coyote kills a deer for food.......for survival......and that's just not right.
Shoot the fuckin thing.
The coyote's that visit my backyard during daylight hours are so skidish that I can't even walk by a window or get in position for a decent pic without them running off, but yet many try to paint an image that they are ready to pounce on us as soon as we venture from the comfort of our couch.
Now this wasn't meant for all hunters....there are OK hunters out there....... it's just I could never, and never will, be able to understand why they shoot with a gun, rather than shooting with a camera.........if it really is about the thrill of the hunt.
I do exactly what hunters do......I stalk.....wait behind cover......and shoot.
The difference is I can shoot the same subject over.....and over.....and over....year after year......err so long as those pesky coyote's don't eat them. Doh!
I did get a good laugh from it.
First of all it appears Dick doesn't like Canadians.
Second, what do you think drove the wolf to extinction around here? Ahhhhh da ya think it may have something ta do with hunters wanting to shoot them? Look........there's a predator.....it's killing deer. We killed all the wolves.....let's kill the coyote's.
"They're predators. The question I have is how would they interact with the deer herd, which is already under stress here?" said Stan Holz, a hunter and owner of the Village Gun Store in Whitefield.
Invasive?........WTF? Wow Dick should put on a deer costume during deer hunting season.
This fuckface really pisses me off.
Yes......coyote's hunt for food.....they are predators......they hunt to survive. They eat what they kill, to feed their young......unlike dumbass hunters that kill for the thrill to kill.
Yes Dick that was a sad story about that dog, It's also sad when they die from getting run over by a car. Is the life of a retired hunting dog more precious than a wild dog? How so? Is a house cat different from an alley cat? If a Bald Eagle got to your aquarium would you want to drive them to extinction too? Shoot those fuckin invasive birds!!!!
I can't watch, and always flick when NatGeo or similar programs show lions, crocks or other predators do what they have to do to survive. They kill to survive. Should we go and kill all predators?
If so then I better keep Gabby, Dupree and Pete inside cuz those three alone have killed more birds, chipmunks, mice and anything else around here that has a pulse and like a hunter, they kill for the thrill.......not because they have no food.
Oh and those killing machines got a deer on the ice. Oh my fuckin lord what a horrible sight it must have been for Nate to see the remains of a deer. I wonder if Dick takes Nate huntin and shows Nate how to shoot a deer, gut it, hack off what ever you can't carry.........unless you are one of those fortunate hunters that can kill one within 20 feet of ya pickmeuptruck........and then stick the head on the wall of your den for all the boys to see how big that deer was.
Give me a break.
A hunter can go out and shoot what he thought was a deer, could be a cow......dog....other hunter....and a hunter can also shoot at something and say how he knew he got him cuz there was blood on the ground.......and that's OK.
But a coyote kills a deer for food.......for survival......and that's just not right.
Shoot the fuckin thing.
The coyote's that visit my backyard during daylight hours are so skidish that I can't even walk by a window or get in position for a decent pic without them running off, but yet many try to paint an image that they are ready to pounce on us as soon as we venture from the comfort of our couch.
Now this wasn't meant for all hunters....there are OK hunters out there....... it's just I could never, and never will, be able to understand why they shoot with a gun, rather than shooting with a camera.........if it really is about the thrill of the hunt.
I do exactly what hunters do......I stalk.....wait behind cover......and shoot.
The difference is I can shoot the same subject over.....and over.....and over....year after year......err so long as those pesky coyote's don't eat them. Doh!
Wednesday, March 3, 2010
Holy Shit
Drano Bomb Goes Off In Detroit School
DETROIT -- Students at Phoenix Multicultural School on Detroit's southwest side were evacuated Wednesday morning after a "Drano bomb" detonated inside the building, said authorities.The explosive device, made of household cleaning chemicals, went off in the hallway of the building at about 8:30 a.m., sending fumes into the air, said a school official.
Full Story
DETROIT -- Students at Phoenix Multicultural School on Detroit's southwest side were evacuated Wednesday morning after a "Drano bomb" detonated inside the building, said authorities.The explosive device, made of household cleaning chemicals, went off in the hallway of the building at about 8:30 a.m., sending fumes into the air, said a school official.
Full Story
Tuesday, March 2, 2010
Monday, March 1, 2010
Bizarre Spending Habits
From Congressman Ron Paul
I asked Chairman Bernanke about Federal Reserve agreements with foreign central banks and if he had had any conversations about bailing out Greece, which he flatly denied. However, he recently announced that the Federal Reserve will be looking into Goldman Sachs’ derivative agreements with Greece. Goldman Sachs, as we know, has “too big to fail” status with the Fed, so it is conceivable that any Greece-related catastrophic losses at Goldman Sachs will once again be passed on to taxpayers.
Read more.....
I asked Chairman Bernanke about Federal Reserve agreements with foreign central banks and if he had had any conversations about bailing out Greece, which he flatly denied. However, he recently announced that the Federal Reserve will be looking into Goldman Sachs’ derivative agreements with Greece. Goldman Sachs, as we know, has “too big to fail” status with the Fed, so it is conceivable that any Greece-related catastrophic losses at Goldman Sachs will once again be passed on to taxpayers.
Read more.....
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