what's Profile
- Space
- The final frontier
- ????????
- Brooklyn
- Bedford Stuyvesant
- Parser
- ?????????
Author's Posts
October 13, 2008
The last hurrah..
Fed Releases Flood of Dollars, Market Rates Fall
http://www.bloomberg.com/apps/news?pid=20601087&sid=a4gDtT5Ja69A&refer=home
Oct. 13 (Bloomberg) -- The Federal Reserve led an unprecedented push by central banks to flood the financial system with dollars, backing up government efforts to restore confidence and helping to drive down money-market rates.
and..
Brown Uses Control of British Banks to Boost Lending (Update2)
http://www.bloomberg.com/apps/news?pid=20601102&sid=a1s9Eh7IXstI&refer=uk
Oct. 13 (Bloomberg) -- Prime Minister Gordon Brown will use his government's control over two of the U.K.'s largest banks to cut the price of loans to small businesses and homeowners and curb the pay of directors.
One big mash up! Save the Mutant Asset Bubble..
Picture from Mish..
October 10, 2008
I told you so...
Boy don't you hate when someone says "I told you so". The same person you thought was dumber than you. You was so smart and just dismiss the warring and now you are getting murdered!
The our financial system is broken...
October 9, 2008
Don't worry be happy...
U.S. May Take Ownership Stake in Banks
http://tinyurl.com/4uzkl8
SAN FRANCISCO (MarketWatch) -- In another attempt to loosen credit markets and restore confidence in the financial system, the Treasury Department is considering a plan to take ownership stakes in many U.S. banks, both healthy and troubled, according to a media report Wednesday night.
Nice! Free housing for all
October 8, 2008
Game Over..
Fed, ECB, Central Banks Cut Rates in Coordinated
http://www.bloomberg.com/apps/news?pid=20601087&sid=azOWH.Rai3iY&refer=home
Oct. 8 (Bloomberg) -- The Federal Reserve, European Central Bank and four other central banks lowered interest rates in an unprecedented coordinated effort to ease the economic effects of the worst financial crisis since the Great Depression.
Ever notice that the statement "since the Great Depression." is in vogue now?
We are in code red!
October 7, 2008
The destruction of wealth...
Fed to Purchase U.S. Commercial Paper to Ease Crunch
http://www.bloomberg.com/apps/news?pid=20601087&sid=aAyx4qPsKSZk&refer=home
The Federal Reserve will create a special fund to purchase U.S. commercial paper after the credit crunch threatened to cut off a key source of funding for corporations.
What does this mean? The Banks can unload crap on to the Treasury balance sheet.
October 6, 2008
Stocks decline worldwide!!! Global crash alert!!!
Stocks tumbled around the world, the euro fell the most against the yen since its debut and oil dropped below $90 a barrel as the yearlong credit market seizure caused bank bailouts to spread through Europe.
I smell Napalm! Smells like...
October 3, 2008
Thanks Asshats!
The market sold off right after they passed the "Taxslave Rip-Off Act of 2008"!
And you think Real Estate is a great investment? Whatever!
RIP Mutant Asset Bubble.....
No Bailout!
As usual, they never tell you why the US$700 billion bailout stinks. And why millions of American citizens are against it. The simple truth is that cash has already been pumped into the system and it hasn’t worked. There is no reason to imagine that this would work.
From: http://bigozine2.com/feature/
They are going to cram this one down your throats!
October 2, 2008
The heist of America
The biggest Rip-off in American history. The bail out will do nothing to save America's Banking System.
Picture from MISH'S
Global Economic
Trend Analysis
September 29, 2008
A real victory..
We will get our city back from the Developers, Asshats and Hipsters!
New York City the greatest place on earth! Long live New York!
Author's Comments
Ok Dave and Biff, when I use The What log-in I get this error message: Can't call method "id" on an undefined value at /home/sites/www.brownstoner.com/web/mte/plugins/Profile/profile.pl line 1231.
The only way I can log-in as The What Brownstoner has to take the block off. For now I will use what and guest, I think people know me by now. And stop hating!
The What
Someday this war is gonna end...
Posted by: what at May 28, 2008 1:16 PM in response to REBNY Condo Market Report: No Need to Panic (Yet)
Oh BTW! If you think the Real Estate market in NY is so strong then please buy something! The What wants you to prop up the American economy by overpaying! Please there are lot of Condo's to chose from. Buy Buy Buy!!!
The What
Someday this war is gonna end....
Posted by: what at May 28, 2008 1:20 PM in response to REBNY Condo Market Report: No Need to Panic (Yet)
"bears eat bullshit. bulls eat bears. time to test the waters again what."
Well BrooklynLove look at the Ten Year Treasury note! It's at 4.01% and the yield is up!
http://www.bloomberg.com/markets/rates/index.html
Guess what BrooklynLove? Most Mortgages are tied to the 10 yr index. I bet by the end of the week we can see 30 year rates at 6.20%.
The high price of energy has spoked the Bond investors and they smell INFLATION in the air. There are auctions this week on some Bond products and I want to see the demand!
No BrooklynLove, I think the Bears are putting on their handkerchiefs because Bull is on the menu, I think it's fried Bull.
The What
Someday this war is going to end....
BTW BrooklynLove don't curse.Thank you.
Posted by: what at May 28, 2008 1:34 PM in response to REBNY Condo Market Report: No Need to Panic (Yet)
"and you sound like a dork compared to The What
zzzzzzzzzzzz"
I know, I think I'm getting soft but, don't worry! I'm having the .50 cleaned! It should be back soon.
The What
Someday this war is gonna end...
Posted by: what at May 28, 2008 1:57 PM in response to REBNY Condo Market Report: No Need to Panic (Yet)
If can please fix my log-in for The What. When I try to log-in I get the error message
Can't call method "id" on an undefined value at /home/sites/www.brownstoner.com/web/mte/plugins/Profile/profile.pl line 1231.
If you can fix this I will have no problems logging in
The What
Someday this war is gonna end..
Posted by: what at May 30, 2008 10:41 AM in response to Taking the Pulse on Anonymous Commenting
Eh Sarah, how are you doing? Fine I hope (Must... not... curse...)! Why are you profiling house in my neighborhood? Lodi NJ is still cheap and we don't want a run-on by Asshats. We like our piece of the world...
The What
Someday this war is gonna end...
Posted by: what at May 30, 2008 10:48 AM in response to You Have $140K Down, Where Do You Buy?
"I would prefer to have everyone logged in. In general, it leads to a more civilized debate, when comments can be attached to a name."
I have buy a new computer monitor! I spayed coffee over this one!
LMMFAO!
Yeah Riight!
The What
Someday this war is gonna end...
Posted by: what at May 30, 2008 10:55 AM in response to Taking the Pulse on Anonymous Commenting
"This is the first in an irregular series of columns by an anonymous member of the commercial real estate world. Enjoy."
Why are you anonymous?!
"Dumbo continues to lead the Brooklyn market in leasing activity by providing space in the $18-$33 per rentable square foot range, with most around $24 to $28, the Brooklyn office market’s sweet spot. Downtown Brooklyn space at that price is now rare. When you can get a renovated 3,500 square foot corner on a high floor at 20 Jay Street (above) for $25 per with a sunny west view of the Manhattan Bridge two blocks away, with the Brooklyn Bridge visible behind it, why go anywhere else? No wonder Two Trees leased the two money-view corners of the 8th floor first."
Yep, Manhattan is a dump. Who wants to be in the City?
"Meanwhile, Downtown retail rents continue to break records. The first two blocks of Court have the highest foot traffic in the borough, so Chase paid $260 per foot to renew its ATM box at 16 Court Street. Jamba Juice was about to pay $240 for much the same size at 32 Court until bailing at the last minute (lease out, electric work done by landlord). Word is that Jamba's still in the market for Downtown space—hopefully the next deal will be smooth like their tasty products. With the new bank branch around corner at 188 Montague is paying $130, it's no surprise that landlords want these kinds of reliable, deep-pocket credit tenants."
I like to see Jamba Juice lease a space for that much money. Inflation is going to kill their margins! It's no surprise that landlords want these kinds of reliable, deep-pocket credit Suckers to overpay.
"While not everyone's happy about Brooklyn’s corporate real estate direction, there is a real business-supportive value to new tenants such as Morton’s 14,500-square-foot steakhouse installation on Adams Street in the Marriott Hotel extension property. Aside from the dozens of jobs they bring to our locale, Downtown needs corporate dining to support existing professional jobs and business here, as well as help bring more. The lack of a serious steak house has been a Brooklyn dining gap, now being filled on Adams Street."
Go to Peter Lugers! If any genius tries to open a high end Steak House downtown, will be out of business within a year. High food cost and slowing consumer spending is not good now.
"Finally, the Downtown landlord that has done the least to maintain its prewar office buildings is finally waking up. After selling 16 Court Street (36 stories, 317,000 rentable square feet) to SLGreen - the largest prewar office renovator on the planet - JP Day Realty is gut-rehabbing its own 186 Joralemon Street property (12 stories, 80,000 rentable square feet) and selectively leasing space well below their official $40 asking rents I hear."
I wonder about the bottom line. Take a good look people the CONsumer is tapped out and cannot support any new business at this time. I think the business environment is very shaky now and until we can get inflation under control it will get worse.
The What
Someday this war is gonna end...
Posted by: what at May 30, 2008 11:22 AM in response to Commercial Klutch: Downtown & Dumbo Edition
"I miss the REAL The What. This poser What is lame."
Nope nope! Brownstoner has lifted the block on my IP address and for that I will keep the profanity down. Now some times I may go off my meds but, if you keep cursing people WILL tune you out! Even for me it's a bit too much. So people I'm not shiczoid or nothing, just chilling.
The What
Someday this war is gonna end....
Posted by: what at May 30, 2008 11:26 AM in response to Taking the Pulse on Anonymous Commenting
Responses to Author's Forum Comments
Oxygen...the elderly should not have their money in the stock market to begin with. They should be practically 100% in relatively safe fixed income Treasuries (which have gone up in price) if they are living off the interest of their investments. That said, many of the elderly actually have pensions which will continue to pay the defined benefits. Whether or not the pension is underfunded or not is a completely different story.
So there are a lot of other factors in play with regard to people already retired and those considered "elderly" which I would put at 70+
Posted by: daveinbedstuy at October 10, 2008 3:38 PM in response to I told you so...
DOWN DOWN DOWN AND OH THIS BABY IS GOING DOWN NOW, I LOVE IT.
Posted by: HOBOKENROCKS at October 10, 2008 3:40 PM in response to I told you so...
You need a lithium pill today Hoboken!!!! BAC +7% Boooyah
Posted by: daveinbedstuy at October 10, 2008 3:45 PM in response to I told you so...
dude I won't let go of my straddles. Whatever happens next week, I will be protected on the upside and downside. Which way it will go nobody knows. Dave your right when this market goes up you won't be able to catch it
Posted by: HOBOKENROCKS at October 10, 2008 3:50 PM in response to I told you so...
everyone needs a laugh today, check this out
Posted by: HOBOKENROCKS at October 10, 2008 3:53 PM in response to I told you so...
"Even a broken clock is right twice a day"
Posted by: crimson at October 10, 2008 4:44 PM in response to I told you so...
who was buying GE??? benson?? wasder???? Congratulations. Nice move on the close!!!
Posted by: daveinbedstuy at October 10, 2008 5:20 PM in response to I told you so...
DIBS;
It was me. I'm happy with my GE move!
I joined this dialogue late, but you are right on regarding the definition of a depression. I work in the industrial sector, and we have yet to see a slowdown. Matter of fact, our sales are above budget, at least, so far. One of our biggest customers is IBM, who reported nice profits yesterday, and was able to float a $4B bond.
My broker advised me today to take a look at muni bonds. The spread over treasuries is really nice.
Posted by: benson at October 10, 2008 7:23 PM in response to I told you so...
I was talking about it and I missed the trade because I'm a pussy. I was ready to pull the trigger at 18 today and got caught up in my real job slinging mortgages LOL. That would have been a good trade, I plan on going long on it so maybe I'll have another opportunity this next week. Still relatively cheap considering.
Posted by: Adam Dahill at October 10, 2008 8:34 PM in response to I told you so...
wasder has never bought any sort of stock in his life.
Posted by: wasder at October 10, 2008 8:40 PM in response to I told you so...
Ok folks, This is The What, no BS. I see the the new versions of my self LMMFAO! I see the psycho's posting at full steam! The internet is a funny place and I hope I can hold on to this log-in. So people wont have any problems.
The What
Someday this war is gonna end...
Posted by: what at May 28, 2008 12:24 PM in response to REBNY Condo Market Report: No Need to Panic (Yet)