patrick.net
An Antidote to Corporate Media
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EBGuy :
You are lying. There are no investor owned homes in BA. Everyone wants to live here. Flipping is not what Bay Aryans do. They don't need to. They get all the money they want from AAPL and GOOG. And what is this foreclosure ? There are hardly any. Don't read the news. Ask the experts.
Here is a sample.
http://tinyurl.com/2or5c7
Scroll down to 10/1/07 update. He quotes Garry Watts (!) to support his views. Just above it this shill presents (in a typical shameless manner)
As a person who really loves to watch economic events, the stock market and real estate cycles I'll never understand why or how the major networks and cable channels focus on negative real estate news. As a real estate broker I find myself spending more and more time correcting the misinformation quoted on the news for my clients and would-be clients. I'll give you an example; who hasn't heard of the recent double digit decline in home sales from the same time last year. This should be of great concern to any home owner of buyer. However, when the pundit or newscaster fails to disclose that the drop was from an all time record high in sales, they are talking out of context and misinforming the public. The media's snapshots of market activity may grab the consumer's attention but they also distort the big picture.
Peter P
@
2007 Dec 18, 6:45am
Don’t read the news. Ask the experts.
Excellent! We should censor news and ban all books! This is Utopia after all.
I happened to check in today and DinOR challenged me to a role reversal.
I try, I try. But still, I thought the sexiest man is #16.
9 -- possibly a college athelete, energetic, confident
6 -- country girl, should be quite energetic,
2 -- not bad
3 -- possibly a good dancer, artsy, easy to connect to if you know her type
8 -- sex predator
20 -- DinOR likes her. She'd be quite cute if she didn't have that try-hard look on her face. This one likes to win. Possibly a ho. Not worth the effort unless if you want her to make money for you.
wife material: 18, 11, 7, and perhaps 17.
#10, too, although she has sexless appeal. make her pull in the money for you.
Amongst the males: #22 ain't bad. Perhaps because of his hair style. The rest of them suck.
New thread
Credit Crunch might by yummy, but I haven’t tasted it yet :-(
#15 looks like a throwback to a bad 80's movie. I should know, I've had that jacket, but not the haircut.
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It was always known that Mr Bernanke will have one tough job as the Fed Chairman. The bubble was already at the bursting stage when he took over, and there wasn't any way he (or anyone else) could have kept it going. His real task and challenge was to limit the fallout.
How has he done ? I would say very poorly.
I have no misconceptions about the difficulty of his job. The balance between slowing the damage from the credit crunch, falling USD, rising commodity prices and most difficult - the different expectations of groups with vested political and financial interests. With politicians breathing down his neck, he is in a situation where it is impossible to not antagonize someone.
But the Fed under his watch is turning out to be a PR disaster. The slashing of discount rate on an option expiry day in August was ridiculous and was criticized very strongly. Just last week, the market dropped after the small rate cut, and next day there was an announcement of the TAF (Temporary Auction Facility). The move was in plan for some time, but the timing of announcement creates a perception that Fed is scared of market drops.
Here is one quote from MSN Investor's daily dispatches.
Newsletter writer Tom McClellan of McClellan's Market Report said the Fed's clumsy moves "introduces a new type of risk, which is that we have a central bank in the U.S. which cannot walk and chew gum at the same time."
And another
Dennis Gartman of the Gartman Letter said he'd lost confidence in Fed Chairman Ben Bernanke.
Quite simply, the Fed is losing respect. My bet is after one year, and in less than 2 years, the new Government will appoint a new Fed Chairman. Unless Ben get's his PR act together, which is not very likely if past is any indicator.
StuckInBA