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Arrived: Recession (pg. 4)
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| |Thrax| |
Its only a recession for the poor saps in the real estate biz..
i'm sorry it's not my ing fault you bought a ty house with ty credit and an interest only ARM you can't afford.
thanks, maybe I can afford to buy a house in 10 years.
*you* is not directed to anyone personally. just a general consensus. |
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| ninetyninej |
| quote: | Originally posted by |Thrax|
Its only a recession for the poor saps in the real estate biz..
i'm sorry it's not my ing fault you bought a ty house with ty credit and an interest only ARM you can't afford.
thanks, maybe I can afford to buy a house in 10 years.
*you* is not directed to anyone personally. just a general consensus. |
laff.
you contradicted yourself. a recession means the entire economy, which includes even you!
but you are right in that the 'saps' in the real estate not only played one of the biggest roles in causing it but will also be hurt the most by it. as well as those who bought homes who they couldn't afford will have to deal with the consequences of their choices.
but make no mistake a recession affects just about everyone
on a lighter note, housing will actually be affordable for us Californians once this is done! :p |
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| MikeLord |
| quote: | Originally posted by ninetyninej
on a lighter note, housing will actually be affordable for us Californians once this is done! :p |
affordable = having 5 roommates or making at least $150k/year |
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| ninetyninej |
| quote: | Originally posted by MikeLord
did everyone forget that a key requirement for a recession is several consecutive months of job loss???
Q4 2007++ payroll growth
let me keep posting a bunch of articles that a bunch of ******s are writing to try and scare people to make stupid financial moves to cause the dumb recession |
lol
either i'm misinterpreting your post or you are the dip that didn't get informed that unemployment jumped up to 5.0% recently
as far as articles, i'm sure everyone at bloomberg would love your financial and economic insight.
get informed there guy...and btw its already been said a couple times in this thread that a recession, although anyone smart enough can see we've entered in one, can't be 'officially declared' until 2 quarters into it.
http://www.wealth.bloomberg.com/markets/index.html
U.S. Unemployment 01/04 5.0%
http://www.bloomberg.com/apps/news?...id=a7jgWmHo3ol8
Unemployment May Rise, Factories Slow: U.S. Economy Preview
By Bob Willis
Dec. 30 (Bloomberg) -- Employers in the U.S. hired fewer workers in December and the unemployment rate rose, signaling one of the few remaining bright spots in the economy dimmed heading into 2008, economists said before reports this week. |
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| toolman667 |
| quote: | Originally posted by ninetyninej
on a lighter note, housing will actually be affordable for us Californians once this is done! :p |
This fact, and Ron Paul are the only things keeping me going right now. |
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| 72hrpartyanimal |
out of curiosity, is anyone getting ass raped w/ taxes this year?
This question could be irrelevant to the topic but I would like to see if there is some type of connection. |
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| MikeLord |
| quote: | Originally posted by ninetyninej
lol
either i'm misinterpreting your post or you are the dip that didn't get informed that unemployment jumped up to 5.0% recently
as far as articles, i'm sure everyone at bloomberg would love your financial and economic insight.
get informed there guy...and btw its already been said a couple times in this thread that a recession, although anyone smart enough can see we've entered in one, can't be 'officially declared' until 2 quarters into it.
http://www.wealth.bloomberg.com/markets/index.html
U.S. Unemployment 01/04 5.0%
http://www.bloomberg.com/apps/news?...id=a7jgWmHo3ol8
Unemployment May Rise, Factories Slow: U.S. Economy Preview
By Bob Willis
Dec. 30 (Bloomberg) -- Employers in the U.S. hired fewer workers in December and the unemployment rate rose, signaling one of the few remaining bright spots in the economy dimmed heading into 2008, economists said before reports this week. |
woah.. damn i got stumped. PAYROLL GROWTH INCREASED LAST QUARTER. the unemployment rate is not part of the recession formula. overall payroll growth is what it is factored into a recession. even if unemployment is increases, payroll growth would have to go with that as well for consecutive quarters.
slower growth <> recession
i'll be sure to read in depth next time. let me find a bunch of articles to show how smart i am... |
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| LionsLair |
i knew it was coming :D
november december was the time to sell sell sell stocks and go short.
Id wait till later this year or early next year before taking any big positions on the long side. Buy the beat up companies that have future proof business models in the markets that will grow outside of America. India,China,Middle East and some European markets (If the Euro stays strong) will be hot as will the companies that do business there.
I called GOOG short at $725 :D |
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| 72hrpartyanimal |
Out of curiosity, what do you guys do for a living???
I'm a janitor ;) |
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| diskodave |
One of the best things you can do in this market is to buy stocks that have been beat down to shreds, but also have a good balance sheet and/or a good amount of cash on hand.... small caps are ace for this market.
Avoid bloated stocks with high PEG ratios... |
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| gehzumteufel |
| quote: | Originally posted by |Thrax|
Its only a recession for the poor saps in the real estate biz..
i'm sorry it's not my ing fault you bought a ty house with ty credit and an interest only ARM you can't afford.
thanks, maybe I can afford to buy a house in 10 years.
*you* is not directed to anyone personally. just a general consensus. |
its not the people who got an interest only arm. its the people who got an OPTION ARM. why? cause you have 4 ways to pay, one being the negative amortization payment. this payment is LOWER than the interest only. at the end of the fixed period the difference between the negam payment and the interest payment is put on the end of the loan. this creates a larger loan than originally secured and moves the mortgage payment up in the end by a large amount. there are also caps on the max the interest rate can adjust from year to year. normally its about 1/2 a point but can be as mucha as 1. i may be mistaken though as i havent been in the mortgage business for over a year. |
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| djGT |
A recession is when your neighbor loses his job. A depression is when you lose your job. I read that somewhere but it seems to make sense. :p According to the Economic Cycle Research Institute:
| quote: | | A recession is a period of falling economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. |
| quote: | Originally posted by 72hrpartyanimal
out of curiosity, is anyone getting ass raped w/ taxes this year?
This question could be irrelevant to the topic but I would like to see if there is some type of connection. |
Bush and House reach deal on stimulus package
| quote: | | The deal will provide cheques of between $300 and $1,200 to some 117m Americans, with payments phasing out for individuals earning more than $75,000 a year and couples earning more than $150,000 a year. |
Looks like I might be getting some new gear! Of course, this money is probably coming from you people making more than $75K so thanks in advance. :toothless |
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