I'm Dreading This Week
It's only Sunday morning and already I have some serious butterflies in my stomach of what is going to happen this week in the markets. I'll probably be up all night watching Bloomberg & CNBC Asia to see what happens when the markets open over there in a few hours. I truly believe we are going to have a complete meltdown in the markets. I wish I weren't so frickin pessimistic, but I'm looking at the reality of the real estate market in a complete freefall and a derivitives bomb going off led by panicked hedge funds sinking every type of paper investment. A couple of predictions this week: the biggest mortgage lender in the country, Countrywide(CFC) will go BK, the Fed will step in and add hundreds of billions of dollars more out of thin air trying to stop the bubble from bursting(it won't work), an interest rate cut of a full 1% by the Fed to try and save their banker friends(it won't work), stocks will be down over 10%, and the dollar continuing its journey downward and the best imitation monopoply money the world has ever seen.
If anyone would like a good book to read about what has happened in the past with a huge hedge fund that went belly up, I would recommend "When Genius Failed" by Roger Lowenstein. He chronicles the demise of Long Term Capital Management(LTCM), the largest "quant" or quantitative hedge fund ever to collapse. The guys that ran the fund were all MIT, Yale, & Harvard type guys. I think Mr. Lowenstein is going to have a lot more material to write about when these next few months are over.
If anyone would like a good book to read about what has happened in the past with a huge hedge fund that went belly up, I would recommend "When Genius Failed" by Roger Lowenstein. He chronicles the demise of Long Term Capital Management(LTCM), the largest "quant" or quantitative hedge fund ever to collapse. The guys that ran the fund were all MIT, Yale, & Harvard type guys. I think Mr. Lowenstein is going to have a lot more material to write about when these next few months are over.
posted by Unknown @ 10:47 AM
Click here to subscribe to my blog feed
9 Comments:
At 4:30 PM,
Agent Orange said…
The problem is Allan that people like you do fail to scratch global economical surface beyond the Wall Street Journal. For example, same as Bush, your coblogger Lee did not intellectually evolve beyond the intellect of the Texas Cowboy.
In addition, you are allegedly Rep., but adopting socialists' mantra of racism and name calling which is design by Bolsheviks to destroy spirit of the first amendment -- simply put -- you do not understand the meaning of "Congress" in the first amendment.
Citation [Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.]
FYI, the word "Congress" as used above does not mean Senate, Judiciary nor Executive branch of the government. In the representative Republic as is USA the Congers means all people by way of representation -- that means you!!
So remember that Congress is you and you should run this blog accordingly.[emphases added]
Obviously as graduate from Santa Ana Education System (even if private MD), same as OJ Manchurian Candidates -- Pedroza, Mill, Galegos and Gordon -- you have limited knowledge about a spirit of the constitution thus you are an easy prey for Socialists and you think that because you are a blog owner you can do anything you pleas with it.
Perhaps you can, but if you do you are no more a part of the Congress nor are you upholding the spirit of the constitution.
Pick your own name for doing that.
Based on the above you are obviously economically clueless too.
Nothing will happen tomorrow. You are witnessing leveling of the global economy field which is necessary preparation for global government run by Illuminati, Bilderbergers and other secret societies like Skull & Bones.
By the way your Ron or any presidential candidate is a meaningless puppet in the whole scheme.
However, you will not understand the foregoing because they programed you in SAMD to think about people like me -- as loons.
It is well taken but if you will not educate yourself you will for ever go to work with the fear as you described in your post.
The fear like 911, terrorism is only controlling force for low IQ public.
-Stan
At 4:45 PM,
Unknown said…
Whatever you say Stan.
At 4:51 PM,
Unknown said…
By calling me racist socialist Stan(BTW I'm laughing at that), can I call you a whack job? Really Stan I've tried to accomodate you here and you're welcome to stay, but but ah nevermind. I thought you were done posting here anyways.
At 5:43 PM,
Agent Orange said…
"By calling me racist socialist Stan... blah... blah... blah".. said Allan.
I did not call you that, Allan!!!
If you read my bad English closely you would read "adopting socialists' mantra of racism and name calling" meaning that I am accusing you of exact opposite. I am saying that YOU are calling others to be "racists and name callers."
In your prior posting you have clearly stated that I cannot name call in your blog, and that is what Socialists do to stigmatize there opposition.
So based on your adopted socialistic mantra -- you are a socialist!
That is what I am accusing you of!!!
"can I call you a whack job?".. stated Allan.
Absolutely!
Again If you read my post I have clearly shown that you are programed by SAMD educational system to do just that.
Citation [All truth passes through three stages. First, it is ridiculed; second, it is violently opposed; and third, it is accepted as self-evident.] -- Arthur Schopenhauer
However, by calling me a whack job you are placing your self in the first stage of my truth recognition.
-Stan
At 8:06 PM,
Anonymous said…
Stan
Sure Allan is a wack job, but he is my wack job. I consider Allan a friend and a value his investment advice. I don't think things are a gloomy as Allan predicts, but there is a mess on the horizon with lots of folks working at Del Taco fry station #2 who were given a $300K loan with a 1% teaser rate. When your house payment goes from $700 to $2500 a month you have a problem. If I had a tom=n of cash, I would be buying homes for the next 2 years.
At 8:27 PM,
Agent Orange said…
Phil,
I did not even said that Allan is a whack job nor I am complaining about his analysis which I have hailed in my prior post.
I am saying that all that is a distraction to much bigger picture which no one is recognizing until will be too late.
It is all intentionally done!
911 to get virtual marshal law in place. 20M of illegals to destroy economy, Homeowner Associations to grab property rights all that to bring USA on the level of Mexico and China on level of USA so there can be Global merger.
That was my point.
Allan believes that some pipsqueak like Ron Paul will change that.
That is laughable!
-Stan
At 11:19 PM,
Lynn Bartlett said…
Ok Stan, so let me get this straight... you believe that George W. Bush, the illegal aliens, and the Homeowners Associations are all in a giant conspiracy to bring about a one world government. And your calling Allan a whack job??
Just clarify one point for me please Stan: What will be the role of the HOA's under this New World Order? To make sure no citizen of earth paints their front door the wrong shade of beige?
At 12:21 AM,
Agent Orange said…
Lynn,
Please show me where am I calling Allan "a whack job??" the exact opposite is true! It is he who asking me a permission to call me a whack job and I said OK!... you can call me banana!
Is your English as bad as is mine?
If you believe that it is better than use it and read!!
Same as Kerry, Bush is to stupid to do anything. They are both good Yale graduated Skull & Bone soldiers for new world order. It was Bush father who claimed it.
The only purpose behind the HOA is to sell you a right to occupy certain space and property are owned by the HOA.
Lynn, you are repeating community Association Institute ("CAI") mantra about door. The fact is that HUD established CAI to take real property out of the individual's hands via non-judicial foreclosures and trial lawyer lobby.
Please educate yourself, see: http://www.ahrc.com/new/
They took you guns didn't they... so did Hitler and Stalin.
Please connect the dots before you start repeating socialists' talking points.
-Stan
At 1:31 PM,
Agent Orange said…
RE: CAI's painted door mantra -- Lynn,
The LA columnist and author Donnie Vanitzian is my friend
The premise behind the concept of homeowner associations is discussed at length in the book "Villa Appalling! Destroying the Myth of Affordable Community Living" by Vanitzian & Glassman. The premise is really very simple; the homeowner association's success depends on the constant replacement of those who can no longer afford to stay and pay. Any owner depending on their "homeowner association" for "anything" will soon learn that the results inevitably lead to a loss of personal freedom and a diminished quality of life.
Under California's Davis-Stirling Act it is not hard to "Spend Other People's Money" without risk. The name of that no-risk institution is "homeowner association." The aiders and abettors that are free to implement and then perpetrate the legalized fraud are called a "board of directors." The catalyst and major aider and abettor to the board of directors is in the form of a "no risk" insurance policy called "indemnification."
-Stan
Post a Comment
<< Home