Quote of the Day
Each day as I read The What’s explanations and referenced articles I could see the unthinkable WAS occurring. And let’s face it, who else on this blog was predicting the catastrophic collapse of the US banking system and the economy? The optimists were thoroughly delusional, eyes and brains neutralized by their own dreams and desires….
Each day as I read The What’s explanations and referenced articles I could see the unthinkable WAS occurring. And let’s face it, who else on this blog was predicting the catastrophic collapse of the US banking system and the economy? The optimists were thoroughly delusional, eyes and brains neutralized by their own dreams and desires. Here’s a toast to the grand tradition of skepticism…and perhaps a well-informed logical pessimism as well.
— by Oxygen in I Told You So…
dittoburg I have made a killing on shorting this market. And I have been writing exactly what I was doing on this site. The What deserves credit for speaking what he believed to be the truth while others blasted him. But he didn’t make a penny. So while he was willing to talk he wasn’t willing to put money on his beliefs.
One need to be an expert in global finance to know that usury always fails in the end, especially when your nation has limited natural resources necessary to maintain modern industrial civilization.
LOL- if you think I get slaughtered. No one is safe from the market. No one. If you think you are then I finally understand why you think the What is right.
Bitter renter? People with money can’t buy now and you think you guys are going bargain hunting? LOL. You are out of the game before the crash, you will be out during the recession and definitely during the boom.
Like they teach in macro eco 101 – only the rich profits from recessions and depressions.
Please – the What had various rantings on EVERYTHING. If you throw enough shit on the wall something is going to stick. And not like the credit crunch was a surprise. Every one knew the RE was going to retract – the question was how much.
So please I love the bandwagoning here. 3 months ago – you had 1 or 2 guys backing up the What – now you have half the people in Brownstoner as expert in global credit finance.
If a guy starts predicting all sort of boom economy coming are you guys going to get on that bandwagon too years from now?
Like I said, a broken clock.
Whuh we believe everyone knows our opinion on the What. We will say it again: he was abrasive and crazy but we agree wholeheartedly the guy was absolutely right. Infact suspiciously accurate with the specifics…Mea Culpa What but please try to be civil for everyones sake alright??
Crimson that whole nonsense about a broken watch is a ton of baloney. The What was right not just by pure statistical chance as you imply with that reasoning. Go ahead and search his postings…very specific stuff.
Ditto,
Ya mean we can actually have hope of one day buying! Prices have a looong way to go still. But maybe we’re not priced out forever anymore.
The Whuh What, some of us are very happy that house prices will come done so that we can now buy. What are you on?
Again, you fail to see the nose on your own face, fool. Information is various, variegated, and nearly unlimited. You could have read Roubini; or you could have watched Mad Money. The point is, The What was right. Not you; The What. Take your lumps like a grown-up. A real man/real woman would admit, the system was a bubble, inflated by hype. They wouldn’t come on here an snivel one last time, as if they still held the high ground.
PS I’m not The What, fool; and I am flush, so if you have anything you need to sell for pennies on the dollar, let me know. Unless it’s in Bed Stuy, Lefferts Manor, Windsor Terrace, or any other neighborhood given its name by a broker in the last five years. In the meantime, best of luck with that mortgage…wait for it…bitter owner.
cqwatcher, gotta agree, those million plus prices for george-constanza-parents-type-houses in WT never seemed right.