| User Info
| PPI - More Deflation? in forum [Market-Ticker]
|
Margincalltime
Posts: 1025
Incept: 2008-04-01
NJ
|
I'd like to know who's lending them the $ to build those condos. Us?
|
Sashae
Posts: 20
Incept: 2008-07-23
nyc
|
It's interesting. The projects I see still being built here in NY are hauling ass to get done. There's a project on 5th avenue I'm familiar with that's going up at the rate of close to a floor a week -- this is a 50+ story condotel + retail -- that they're literally pouring concrete 12-14 hours a day, 7 days a week. It's something to behold.
|
Kuhio
Posts: 208
Incept: 2008-12-31
|
@Sashae - that's odd, many major SoCal hotel/housing projects have come to complete stops. Construction fences are still up, but the graded land & foundations are lying fallow as if in crop rotation.
|
Sashae
Posts: 20
Incept: 2008-07-23
nyc
|
There are some dead projects, to be sure -- there's a lot of resy construction on the West Side in the 10s-30s, based on the hype of the Meatpacking District and West Chelsea, but reality is bad public transportation and a lot of industrial/garage type work still there, not a place for a $1mil 1BR.
There doesn't seem to be much "normal pace" building going on.
|
R2judge
Posts: 574
Incept: 2008-04-13
Burbank CA
|
Here's the ugly folks - this is not being translated into prices on the shelf. That is, manufacturers are maintaining prices into the economic malaise in a desperate attempt to hold profit margins (and squeeze consumers.)
-------------------
A comment i remember from reading about the Great Depression is that Hoover exhorted business to maintain wages in the face of falling prices. Interesting that we are seeing business maintaining prices in the face of falling wages.
|
Icanhasbailout
Posts: 9939
Incept: 2009-03-10
Imaginationland
|
I saw the news about new housing starts this morning and I just couldn't come up with a good answer to the question of who is going to buy all these new houses.
----------
|
Laura
Posts: 3946
Incept: 2008-05-05
Peoples Republic of Florida
Banned
|
Happy St Patty's Day, Gen, the green is funny looking.
----------
www.................
|
Genesis
Posts: 130723
Incept: 2007-06-26
|
Thank you 
----------
I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
|
Curbyourrisk
Posts: 3592
Incept: 2008-08-19
Farmingdale, NY
|
And I thought it was my computer that was screwy (the green). Almost called Systems about it. Good thing I did not, last time I mention issues with a site like this one....THE WEBSENSED IT!!!!!! I hate when they do that. I don;t think I could get throught he day without learning something from this site everyday.
----------
Time is up.
I hate to burst your bubble, but there is no Santa Claus, the tooth fairy does not exist and American justice does not involve the courts.
|
Statusquojoe
Posts: 2784
Incept: 2008-11-20
Land of the fees Home of the slaves.
|
Non sequitur here, but I noticed a change in the literary style of the ticker, perhaps in the spirit of the day to go with the green? Nice touch.
----------
There are so many rules no one knows which rules to follow. The only sure rule is more rules will follow. SQJ.
|
Arkroyal
Posts: 115
Incept: 2009-02-04
St. Augustine, FL
|
|
Alanha
Posts: 2168
Incept: 2008-12-30
Banned
|
----------
I was Bezzle's sock puppet before Tickerguy nailed my ass.
|
Spigot
Posts: 253
Incept: 2009-03-02
North East
|
"Discounting" into falling demand works IF there is reserve buying power that needs a little extra motivation. Inventories can then be cleared, balance sheets rebuilt, etc. Quite unfortunately today we are seeing a whole sale destruction of "buying power" since it is all on borrowed money and people do not feel like or are not qualified to borrow more. CNN poll, 45% believe another Great Depression is LIKELY starting 2009. Its fugly out there on Main St. And its Main St that is the basis for financial activities, hence now Main St is the driver. And the Financials are the driven. Expect worse to come.
----------
Drip, drip, drip...
|
Psquared
Posts: 1876
Incept: 2008-10-11
SE USA
|
In a word, we are seeing rampant USURY. It is not just that consumer prices are not coming down, but I keep getting notices that my interest rate is going up on any unpaid balances. I have BP gas card on which I have never been late nor never had to carry a balance -- in over 35 years back when it was Amoco. The card is handled by Chase. The new rate is 29.9%.
Are they trying force consumers into bankruptcy or keep them from buying? I'm all for reducing debt but if this results in fewer dollars spent won't it hurt them in the end. (I'd like to hurt them in the end after the explanation in the letter stated they were raising the rate because THEY were having a hard time.)
----------
"Our Constitution is designed only for a moral and religious people. It is wholly inadequate for any other." ~ John Adams
|
Genesis
Posts: 130723
Incept: 2007-06-26
|
They're getting RAMMED with charge-offs.
----------
I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
|
Mtgspy
Posts: 6202
Incept: 2007-10-27
Banned
|
Not necessarily.
Charge off is ramping up. But the main reason is to book 300M quick if you increase the interest rate on the "asset" side. Mark-to-model. And this is before Obama enact the limit on cards legislation. I am telling you right now, nobody with cashflowing asset will take advantage of the m2model nearly as the guys with things to hide. Direct order straight from the fuhrer, and they don't even mask the wordings in the memo.
----------
I'll stay away from this one, I'll instead grab my  and watch the pretty fireworks. - Karl Safety is the greatest risk of all, because safety leaves no room for miracles and miracles are the only sure thing in life. - A random black supporting actor. We iz all gonna diiiiiieeeeeeee. - Raingod |
Genesis
Posts: 130723
Incept: 2007-06-26
|
Yep - you increase the rate, you increase the cashflow.
----------
I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
|
Phirang
Posts: 10157
Incept: 2008-10-25
Flogging a "little person"
|
mtgspy, would this explain the 18% sen debt my friend's friend is issuing on behalf of chase bank to random insurance companies in new orleans?
----------
I'm not special, and I am not likely to accomplish anything extraordinary in my life. If you are reading this comment, the case is most likely that neither will you. http://www.cracked.com/article_18544_how-the-karate-kid-ruined-modern-world.html
|
Mtgspy
Posts: 6202
Incept: 2007-10-27
Banned
|
Hahahaha. No.
Either it curtails positive or curtails in a negative way.
Prepay or default.
The important part is here: the guys writing the memo specifically ask for that PART of the model to stay the way it is. What does that tell you?
----------
I'll stay away from this one, I'll instead grab my and watch the pretty fireworks. - Karl Safety is the greatest risk of all, because safety leaves no room for miracles and miracles are the only sure thing in life. - A random black supporting actor. We iz all gonna diiiiiieeeeeeee. - Raingod |
Genesis
Posts: 130723
Incept: 2007-06-26
|
Hehehehe... no, really? 
----------
I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
|
Mtgspy
Posts: 6202
Incept: 2007-10-27
Banned
|
Absolutely. JPM and BAC is doing this as we speak. Unfortunately, being a "good" guy doesn't pay here, so I don't offer much in the way of suggestions.
----------
I'll stay away from this one, I'll instead grab my and watch the pretty fireworks. - Karl Safety is the greatest risk of all, because safety leaves no room for miracles and miracles are the only sure thing in life. - A random black supporting actor. We iz all gonna diiiiiieeeeeeee. - Raingod |
Mtgspy
Posts: 6202
Incept: 2007-10-27
Banned
|
Also if u think a $60k/year govt auditor is gonna catch this before it's too late and blows up i have a bridge for sale.
----------
I'll stay away from this one, I'll instead grab my and watch the pretty fireworks. - Karl Safety is the greatest risk of all, because safety leaves no room for miracles and miracles are the only sure thing in life. - A random black supporting actor. We iz all gonna diiiiiieeeeeeee. - Raingod |
Phirang
Posts: 10157
Incept: 2008-10-25
Flogging a "little person"
|
I'll try to get some more anecdotes about sen debt issues, but so far, I've been hearing crap like 18% coupons on these things. Pricing THAT into the market makes me want to shop for 200 puts...
----------
I'm not special, and I am not likely to accomplish anything extraordinary in my life. If you are reading this comment, the case is most likely that neither will you. http://www.cracked.com/article_18544_how-the-karate-kid-ruined-modern-world.html
|
Genesis
Posts: 130723
Incept: 2007-06-26
|
 Now add foreign capital flows into this, along with the general "Bezzle", and things could get rather, uh.... interesting in a couple of months. Maybe we get into or even through summer, maybe not. Probably not.
----------
I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
|
