April 20, 2007 — I don’t see (subprime mortgage market troubles) imposing a serious problem. I think its going to be largely contained.
July 26, 2007 — I don’t think it [the subprime mess] poses any threat to the overall economy.
November 29, 2007 — While the difficulties in housing and credit markets and the effects of [...]
- Crashing prices will help the vast majority of people double, triple, quadruple their standard of living.
- Those who lived above their means by borrowing against assets in the form of mortgages, HELOCs, car loans, leased cars, credit cards, etc, will be knocked down to a much lower standard of living than those who saved [...]
To those people that think a strong rally will follow. Let’s say that we have a 30% rally (10%, 20%, is not a rally since in 1-2 days with this volatility any movement up will be averaged down etc). Say we go up 40%. Then the DOW will be back to 11000-12000(impossible).
The all time high [...]
Merrill Lynch agrees to $50 billion bid from B of A
Wary of the global financial storm, firm accepts $29-share all-stock proposal
By MarketWatch
Last Update: 9/15/2008 9:49:00 AM
NEW YORK (MarketWatch) — Merrill Lynch & Co., navigating in a global financial
storm, agreed to be bought by Bank of America Corp. in an all-stock deal the
companies valued at $50 [...]
Please, let’s go back to some basics. Consumer spending is nearly 70% of the US economy. Spending on housing is a huge chunk of that. Virtually all of the spending since 9/11 has been debt driven. The average consumer is hunkering down right now, barely able to pay the bills they have and fill the [...]
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