Financial times article noted on the video
http://www.ft.com/cms/s/0/232eb4de-9e20-11dd-bdde-000077b07658.html?nclick_check=1
big rally, but no one really believes it, got volume?
http://www.marketwatch.com/news/story/Sustained-rally-needs-higher-trading/story.aspx?guid=%7B8650CDE9%2D00A6%2D4858%2D95A2%2D7D538DF3C979%7D
Markets will close down
http://business.timesonline.co.uk/tol/business/economics/article5014463.ece
the new deal 2
http://www.bostonherald.com/business/general/view/2008_10_25_John_Kerry_wants_New_Deal_II:_Backs_big_fed_stimulus/
mass layoffs high
http://money.cnn.com/2008/10/22/news/economy/mass_layoffs/index.htm?postversion=2008102213
Avoid the zombies, Jim Rogers
http://money.cnn.com/2008/10/22/news/economy/mass_layoffs/index.htm?postversion=2008102213
The joke of the day, Treasury says U.S. recover in summer of 2009 LOL same exact thing they said this time last year.
http://www.cnbc.com/id/27316652
vote out the bail out guys
http://whovotedyes.com/
Housing bottom? Think again, foreclosures up 71%
http://www.msnbc.msn.com/id/27329406
Peter Schiff on inflation/deflation
watch?v=R8STuvRHPfI&feature=related
Shadowstats.com 13% inflation, 15% unemployment, GDP 3..75%
Duration : 0:17:12
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What I learned today will have devastating ramification for the real estate marketing and in turn the entire financial and stock market and the broader economy as a whole.
If true…our real estate fate is seal. There will be more housing and real estate foreclosure carnage ahead. The road is long.
Prepare yourself and protect your family from this coming economic catastrophe.
PLEASE RATE, LINK, SHARE and SPREAD the word so others can learn about the real nature of our real estate and economic crisis. Don’t be a sponge to the talking heads that spew only that which benefits them and their bosses. Wake up!
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From L.A Times:
Bulk of bank-owned homes aren’t even on the market yet
“Banks to unleash flood of REOs” at Inman News looks at the effect of foreclosures on the housing market this year:
Inventories of unsold homes are likely to swell in coming months as lenders begin to push a growing backlog of repossessed homes up for sale — often in communities already awash in distressed properties….
Because it can take weeks or months for lenders to put repossessed homes on the market, the impact of real estate-owned (REO) properties on inventories lags behind foreclosures. Government efforts to recapitalize banks through the Troubled Asset Relief Program (TARP) and other bailout measures may also have taken some of the heat off of lenders to unload REO properties at fire-sale prices.
But with the emphasis of TARP and other government relief efforts now expected to shift to creating jobs, helping troubled borrowers avoid foreclosure and providing incentives for home buyers, lenders could soon unleash a torrent of real-estate owned, or “REO” properties — even in markets already flooded with an oversupply of homes for sale.
“It’s almost like a tsunami — you can see it coming and you know it’s going to hit but you can’t get out of the way,” said Ann Stickel, vice president of affiliated services with Sarasota, Fla.-based brokerage Michael Saunders & Co.
So how many bank-owned properties aren’t even on the Multiple Listing Service yet? RealtyTrac senior vice president Rick Sharga puts the number at 75%. That’s a lot of houses.
http://freemanuniversity.com/
http://www.Xirculate.com
http://www.youtube.com/user/FreemanUniversity
Tags: “The dollar collapse” “housing crisis” “financial crisis” subprime hyperinflation inflation economy “economic collapse” “stock market” “stock market collapse” “real estate” fed “federal reserve” money “fiat money” gold silver commodities housing bubble 2009 2008 downfall investing for sale training agent agency selling subprime Peter Schiff Jim Rogers Gerald Celente Alex Jones Ben Bernanke
Duration : 0:7:54
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Aug. 10 (Bloomberg) — The collapse in commercial real estate is preventing Federal Reserve Chairman Ben S. Bernanke from declaring the economy and financial markets are healed.
Property values have fallen 35 percent since October 2007, according to Moodys Investors Service. Thats making it tough for owners to refinance almost $165 billion of mortgages for skyscrapers, shopping malls and hotels this year, pressuring companies such as Maguire Properties Inc., the largest office landlord in downtown Los Angeles, to put buildings up for sale.
Negative Fundamental
Demand for commercial space comes from employment and the income generated by that employment, said University of Pennsylvania Professor Joseph Gyourko, director of the Wharton Schools Samuel Zell and Robert Lurie Real Estate Center in Philadelphia. Mounting job losses are a really significant negative fundamental, signaling that conditions are going to be tough for the industry for a while, he said.
That may spill over into mounting losses at some banks. Forty-seven percent of loans at the 7,000-plus smaller U.S. lenders are in commercial real estate, compared with 17 percent for the biggest banks, according to New York-based Goldman Sachs Group Inc.
Duration : 0:5:57
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Peter Schiff video blog Oct 27th 2009 Also check me out on
http://www.facebook.com/PeterSchiff and http://twitter.com/PeterSchiff
Duration : 0:9:47
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PLEASE Share this video and Subscribe. The Big Bank CEO’s are ripping you off and the Federal Government is letting them get away with it, but you don’t have to! Send a clear message to Washington. No more bailout money for the big banks.
Boycott:
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JPMorgan Chase & Co
Wells Fargo & Co
and don’t forget American International Group (AIG)
Too big to fail is too big and powerful to exist!!!
http://www.StopFascism.com
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Video Clip From: “Fast Money” on CNBC
Music Clip: Revolution by Authority Zero
Duration : 0:1:36
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Watch aljazeera live click here
http://dubaiinvestments.tk
http://dubaiinvestments.tk
http://arablivetv.blogspot.com
Duration : 0:5:28
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Paul Krugman from Princeton University predicts the biggest housing bust in history.
Duration : 0:5:56
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Inflationary Holocaust. ‘Legendary investor Jim Rogers warned during a CNBC interview this morning that global central banks are creating the environment for an inflationary holocaust by their ceaseless overprinting of currency, a measure that isn’t even successful in stabilizing the stock market.
Rogers said that the only solution to the market crisis was to let failing banks and speculators go bankrupt and stop pumping endless amounts of liquidity into the system, labeling it outrageous that responsible investors and taxpayers are being made to bail out crooks on Wall Street.
“The way to solve this problem is to let people go bankrupt,” Rogers stressed, “All of this pumping money into the system is not going to save it – see what the market is saying, it’s saying we don’t buy that, let people go bankrupt,” he added.
“Then you will hit bottom and then you start over. The people who are sound will take over the assets from the people who aren’t sound and we will start over. This is the way the world has worked for a few thousand years,” said Rogers.
Rogers warned that the reliance on governments printing money would not aid a recovery and would only lead to the problem becoming worse in the future.
“We’re setting the stage for when we come out of this of a massive inflation holocaust,” he said.
Rogers said that excesses of credit and people becoming over-leveraged meant that they would now have to take some pain.
“Never before in world history were people able to buy houses with no money down, many people bought four or five houses with no money down and no job and then they did it with cars and student loans and credit card loans, you just think we say well that’s too bad we’re gonna start over nobody loses his job, be realistic,” said Rogers.
Rogers said that the G7 leaders, who are meeting this weekend, should “go down to the bar, have a beer and leave the rest of us alone, let the people who are sound succeed and let the other people fail.”
“What I’m afraid of is they’re gonna keep doing what they’ve been doing – which the market hates, you can see the market hates it – because this is going to unleash rampant inflation around the world, rampant confusion in the currency markets and you’re gonna have currencies gyrating all over the world,” said Rogers, repeating that the central bankers were unleashing an “inflationary holocaust”.
A CNBC expert then expressed his confusion at Rogers’ argument that overprinting of currency caused hyper inflation, seemingly displaying less grasp of basic economic cause and effect principles than a 5-year-old would.
Rogers again made the point, “When you print gigantic amounts of money and you flood the world with money, throughout history that has led to inflation.
Duration : 0:6:50
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obaid karki an outcast underdog libertarian diogenesist kabbalist spinoziste qutbist pantheon hexalingual automath former uae under secretary independent street-knowledge urban talking-head. unaffiliated to a state, an organized religion group, a sect or a kin and an anti tribal gentile.
administration plans to revamp rescue plan american arrested near pakistani border
americans face wide spectrum of money problems apparently drown in hawaii’s 3 tourists high surf apple aims to defy gravity asia markets: tokyo stocks surge over 12%; financials on fire asia markets: tokyo takes off as trading resumes, nikkei up 13% asian stocks soar after u.s. rally asia-pacific extends world market rebound assailants attack u.s. consulate in mexico at indian call centers, another view of u.s. australia plans $7.4 billion to boost economy australia plans us$7.4 billion to boost economy australia unveils $7.4 billion fiscal stimulus plan austria: ‘horror dad’ trial likely delayed until 2009 bailout sit-down: treasury, fed and major wall street players meet bailout, part two ballmer’s luck in yahoo failure gives microsoft nice miss’ as stock slips banco santander to take over sovereign bancorp in $1.9-billion deal boeing talks with striking machinists break down boeing, machinists halt talks on ending 5-week strike boeing: contract talks with machinists off again budget cuts force rhode island to scrimp on services bush to announce $250b bank share buy-up bush to announce expanded bank bailout details bush, berlusconi discuss response to crisis bush, u.s. money chiefs to announce bigger, broader rescue plan
californians for obama are out to boost his odds in Nevada cambodia says that thai troops have retreated from disputed border cambodia sets deadline for thailand to withdraw
can math cure cancer? cardiac science fixes errors in defibrillator software casual dining chains hunger for change central bankers man the battle stations central banks alter currency swaps chess championship: just a friendly game, for the world title china jails tibetan monks convicted in bomb blast coca-cola: building a better design machine?
companies urged to avoid using bisphenol a in baby bottles congresswoman hit by car, breaks ribs, vertebrae cops: teacher offered better grade for sex crisis stumps even friedman’s chicago as professors admit we’re confused’ david weidner’s writing on the wall: prediction: obama will pick dimon to be treasury secretary deadly l.a. blaze is on the move deadly wildfires force frantic evacuations diddy’s vodka ad sees good times at home do ex-wall streeters make good entrepreneurs? dow ends up 936 points dow leaps 936 on promises to back banks dow posts biggest one-day point gain in history dow roars back from worst week ever eu divided over resuming russia talks europe to u.s.: you messed up the rescue, too europe unified on proposal to protect banks ex-khmer rouge rebels jailed for brit murder fannie, freddie ordered to buy $40 billion of troubled mortgages a month fearing a holiday letdown, retailers shifting strategies fed oks wells fargo, wachovia deal financial crisis stalls nascent denver housing recovery florida college student arrested in Pakistan ford may cut mazda ties: report ford still shopping mazda stake; tata uninterested fortune 500: who’s up, down and gone game designer blasts into space, following in father’s steps global leaders in iran to support ahmadinejad rival global stocks fly, bonds sink as crisis eases gm closing factories in wisconsin, Michigan gm to close mich. stamping plant, cut 1,340 jobs gm to close stamping plant near grand rapids gm, chrysler talk but no deals imminent gmac auto-loan restrictions curb credit, may add to gm’s u.s. sales woes gmac tightens the auto-finance screws
goldman sachs applies for n.y. bank charter hawaii’s high surf in 3 drown hedge funds concede errors, profess optimism after worst month in 10 years house to investigate lawmaker for alleged affair hundreds flee wildfires near l.a. iaea: n. korea disabling set for Tuesday iceland sends no ministers to russia for loan talks india bus crash 23 killed in
india call centers get another view of u.s. indonesia council presses for anti-pornography bill indonesian jobseekers duped into getting face tattoos intel, microsoft squeezed by $170 billion budget cuts iraq opens bidding on oil field contracts irwin kellner: don’t break out the bubbly just yet ithaca, ny, wants to be america’s 1st podcar city japan eases regulations on share buybacks joost relaunching tv site as online shows abound krugman wins economics nobel krugman’s award helps burnish princeton, surpass harvard’s conomic nobels lacking accord, u.s., iraq seek plan b lacking an accord on troops, u.s. and iraq seek a plan b lawyers criticize quality of guantanamo interpreters major airlines slashing fuel surcharges mccain, obama push populist approaches to solve
Duration : 0:10:44
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