Monday Links

damn straight housing is a human right.
particularly the manhattan waterfront kind of housing. its a right

Posted by: guest at November 26, 2007 8:54 AM

Re: Economy May Defy Past and Disregard Housing [NY Times]

Uh, how 'bout the actual headline:

"Housing History Sends Recession Warning"

Recessions are retroactively called due to revisions. We're probably already in one.

Posted by: guest at November 26, 2007 10:34 AM

"Recessions are retroactively called due to revisions. We're probably already in one."

Nope, this shit is much worse. Right now there is a credit crunch going on. Banks cannot get their hands on money. I know Wall Street is up right BULLSHIT. What you are seeing is inflation at work. Read this, it's long but dead on. 2008 is going to be a fun year.

Liquidity and Credit Crunch in Financial Markets is Back to Summer Peaks, Only Much Worse and More Dangerous

http://www.rgemonitor.com/blog/roubini/228668

The What

Someday this war is gonna end....

Posted by: guest at November 26, 2007 11:06 AM

"Nope, this shit is much worse."

I'm not ruling out a greater depression but we're not there yet. It'll take a few more years of lies, denial, mass layoffs (can you say Citigroup?), an uptick in crime, indisputable price drops in even Brooklyn Heights/Park Slope, etc., before we can say we're already in a depression. We won't experience it until at least Ben Bernanke declares a recession. But we're well on our way.

Posted by: guest at November 26, 2007 11:57 AM

The U.S. Economy: Trying to Guess What Happens Next (RECE$$ION)

http://www.nytimes.com/2007/11/25/weekinreview/25goodman.html?_r=2&ref=todayspaper&oref=slogin&oref=slogin

Posted by: guest at November 26, 2007 12:35 PM

"Read this...

...Liquidity and Credit Crunch in Financial Markets is Back to Summer Peaks, Only Much Worse and More Dangerous"

This Roubini guy seems way over the top. Unfortunately, he's usually spot on and thus has a lot of credibility.

Posted by: guest at November 26, 2007 12:38 PM

Oh. We are just fine NOT! Read this story, this chucklehead smoked his equity. Now he wants a bailout. Multiply this story by a million and you will see we are in fucking trouble! Plus read the comments section. People don't want to bail out assholes like this.

Retiree could lose home of 30 years

http://abcnews.go.com/Nightline/story?id=3892797&page=1

The What

Someday this war is gonna end....

Posted by: guest at November 26, 2007 12:50 PM

hey, come to think about it,
looking at the low unemployment numbers,
the continued GDP growth, good earnings reports from US companies and
the increase in consumer spending this past weekend as compared to last year...
I don't know what the freak I'm talking about, predicting a massive recession.
the What?
whatever,,
someday I'll find a better ending line and stop ripping off this line from Apocalypse Now.
...ummmm, I love the smell of economic expansion in the morning..

Posted by: guest at November 26, 2007 1:29 PM

"hey, come to think about it,
looking at the low unemployment numbers,
the continued GDP growth, good earnings reports from US companies and
the increase in consumer spending this past weekend as compared to last year...
I don't know what the freak I'm talking about, predicting a massive recession.
the What?
whatever,,
someday I'll find a better ending line and stop ripping off this line from Apocalypse Now.
...ummmm, I love the smell of economic expansion in the morning.."

You phail. Now go back to your cave.

The What

Someday this war is gonna end....

Posted by: guest at November 26, 2007 1:41 PM

Oh the economy is indeed expanding. In Dubai.

Posted by: guest at November 26, 2007 2:09 PM

actually there is a severe glut of condos on the market in dubai. do a little research before you spout nonsense.

dubai will never be a place to live. it is a place for speculators only, thus not a stable market.

comparing it to that of the u.s. economy is ignorant, at best.

Posted by: guest at November 26, 2007 2:57 PM

"Baaaggghhh...baaaggghhh...!!!" - sheep @ 1:29

You actually believe those bogus, to-be-revised government numbers? Wow!

Posted by: guest at November 26, 2007 3:51 PM

2:57 - Perhaps YOU should do a little research before spouting your ignorance:

- http://archive.gulfnews.com/articles/07/11/21/10169138.html

Citi official sees Dubai as global hub in 10 years

Dubai has a good chance of being one of the four financial capitals of the world in 10 years, according to the chairman and CEO of Citi Global Wealth Management, Sallie Krawcheck.

She named New York, London, possibly Dubai and a split race in the Far East between Singapore and Hong Kong, when asked at the Leaders in Dubai Business Forum 2007 to name what she thought would be the financial capital of the world in 2017.

Factors

Krawcheck told the audience that a number of factors meant the United States' previous dominant role as the world's leading economy was coming to an end due to changes in population demographics, free trade arrangements and the entrance of new players in the financial markets.

Posted by: guest at November 26, 2007 8:54 PM

Allow me to repeat the most important phrase:

"the United States' previous dominant role as the world's leading economy was coming to an end"

Follow the money. Halliburton already has.

Posted by: guest at November 26, 2007 8:55 PM