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| Greenspan rolls out the CYA strategy |
| Published: September 7, 2007, 3:51 am |
| Tags: Bush Economy, Real Estate Bubble, Alan Greenspan |
| you scoffed at talk about a bubble and economic woes, thought slashing taxes during a war made great sense and had nothing to saw about the now tanking GOP economy? Yes, it could have happened to anyone as you point to other historical crashes in the market. Too bad there's actually a record of your muddled words as well as your actions and |
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| US subprime problems spill into UK banking sector |
| Published: September 14, 2007, 2:49 am |
| Tags: Real Estate Bubble, Economy |
| (in London) British real estate market. The international banking credit crunch is amazing in that bankers are supposed to be so conservative yet it is their own industry that has triggered this growing financial crisis.Northern Rock faces the same problems as many other banks, all of which routinely borrow large amounts from each other |
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| Mr Bubble kicking off his "rescue my legacy" tour |
| Published: September 15, 2007, 2:25 am |
| Tags: Real Estate Bubble, Alan Greenspan, Economy |
| book title changed to "Mr Bubble" since he helped create so many of them. Better still, Greenspan can team up with Bush and they can both explain how great they really are despite what everyone can see with their own eyes. Excerpts from his 60 Minutes interview here."With hindsight, it is possible to see that his modus operandi was to blow |
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| $2 billion withdrawn, 30% stock crash by British mortgage lender |
| Published: September 15, 2007, 11:00 am |
| Tags: Bush Economy, Real Estate Bubble |
| real estate bubble is bursting and it's not pretty. Just as the GOP has some explaining to do concerning their blatant disregard for basic economic fundamentals, the British Labour government and Gordon Brown ought to explain why they thought "easy money" was such a good idea now that everything is falling apart so quickly and violently. |
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| Greenspan comes out in favor and against just about everything |
| Published: September 17, 2007, 5:20 am |
| Tags: Real Estate Bubble, Alan Greenspan, Economy |
| support of tax cuts. Mr Bubble looks more desperate every day and while he may think he's rescuing his legacy, he's only helping to show everyone just why he was a terrible Fed chief and the owner of some of the most turbulent economies in recent history. He is as clueless today as he was when he somehow missed the previous bubbles, thought |
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| August foreclosures up 115% from 2006 |
| Published: September 19, 2007, 4:10 am |
| Tags: Bush Economy, Gop Congress, Real Estate Bubble |
| reset now," James Saccacio, RealtyTrac's chief executive, said in statement.The number of bank repossession filings rose dramatically, pumping up the month's foreclosure numbers, Saccacio said. |
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| This Real Estate Market’s Silver Lining Right Around the Corner |
| Published: October 14, 2007, 10:50 pm |
| Tags: Real Estate Bubble, Real Estate Market, Real Estate Recovery |
| Fred Nothaft told a crowd of Realtors in Anaheim that the end of the real estate… Original post by Click here and PropertyMagnate.com Tags Real Estate Bubble, Real Estate Market, real estate recovery |
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| US Housing's "Mission Accomplished" moments |
| Published: October 21, 2007, 10:36 am |
| Tags: Bush Economy, Real Estate Bubble |
| What a list of quotes. I still remember hearing the GOP brag about how home ownership under their watch was one of their great accomplishments but much like flying the "Mission Accomplished" banner, those claims were just a bit premature.2004"American consumers might benefit if lenders provided greater mortgage product alternatives to the |
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| Mr. Bubble: Wall Street meltdown inevitable, deficit no problem |
| Published: October 22, 2007, 9:56 am |
| Tags: Real Estate Bubble, Alan Greenspan |
| the warning signs. How many bubbles does one get a pass on in his mind?"The financial crisis that erupted on August 9 was an accident waiting to happen," Greenspan said in a speech on the sidelines of the International Monetary Fund and World Bank meetings. "Credit spreads across all global asset classes had become suppressed to clearly |
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| Worst still to come on economy |
| Published: October 22, 2007, 9:13 pm |
| Tags: Bush Economy, Real Estate Bubble |
| the fundamentals of the real economy. Instead, he believes, excessive monetary growth has merely driven excessive consumption in the U.S., with consumers living beyond their means and speculators "piling one bubble, housing, on top of the Nasdaq [tech] bubble" that popped in 2001-2001."The easy money, the easy credit -- you can't solve your |
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| Countrywide to Refinance Mortgages |
| Published: October 23, 2007, 7:58 pm |
| Tags: Real Estate Bubble |
| Countrywide to Refinance Up to $16 Billion of Loans The so called bubble is wrought with blame. From Greenspan to Realtors, certainly everyone can pick up a piece of the blame. Original post by Click here and PropertyMagnate.com Tags Real Estate Bubble |
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| Real estate bubble burst cost - up to $400 billion |
| Published: October 25, 2007, 4:52 am |
| Tags: Wall Street, Bush Economy, Real Estate Bubble |
| losses from the meltdown in real estate mortgages, more bad news turns up.Merrill Lynch said yesterday that it would take a charge for mortgage-related securities on its books that is $3 billion more than the $5 billion it expected just two weeks ago. And a report from the National Association of Realtors showed that sales of existing homes in |
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| What is Behind Door Number Two? |
| Published: November 2, 2007, 1:27 pm |
| Tags: Real Estate Bubble, Bubble, Fed, Interest Rates, Real Estate Economy, Real Estate Recession |
| is where another truer reality may be found. The general media loves bad news because it sell papers and TV time. There is nothing at all that get the juices flowing over sunshine. But we will go out of our way to hear about that horrible rain storm that is coming. While the profits of doom hyperventilate about a world crashing, let me |
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| Oil passes $98, dollar hits new low around the world |
| Published: November 7, 2007, 3:23 am |
| Tags: Wall Street, Sub Prime Lending, Bush Economy, Real Estate Bubble, Alan Greenspan |
| pressure on the dollar. Realistically the US can't have it both ways but this won't stop Bernanke from trying to please everyone. The lower the rates, the lower the return from investors who will also view cuts as a lack of faith in the economy. Lower faith in the economy leads to investors searching for better markets which leads to a |
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| Positivity On Real Estate |
| Published: November 8, 2007, 8:17 pm |
| Tags: Real Estate Bubble, Positivity On Real Estate |
| My last post mentioned the collected voice that we can all create. I have been secretly recruiting leaders in the Real Estate industry recently and someone linked one of my letters out on the net. I have to track that… Original post by Click here and PropertyMagnate.com Tags Real Estate Bubble, positivity on real estate |
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