tag:blogger.com,1999:blog-7982981413278241287.post1375954164210835164..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Taper Or No Taper - Either Decision Is Bullish For GoldDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-7982981413278241287.post-21628968814718201942013-08-29T23:09:06.079-06:002013-08-29T23:09:06.079-06:00PricelessPricelessDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-71914233719638879712013-08-29T18:38:48.852-06:002013-08-29T18:38:48.852-06:00Yea....looks like there's a new acronym for th...Yea....looks like there's a new acronym for the fed to use as well. <br />We will have the LFS Deposit Overbearance Usury Currency Hypothecated Exchange or....<br /><br />LFSDOUCHE<br /><br />try the veal.....Im out! ;-)<br />michael schumachernoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-20012583663757244542013-08-29T18:27:04.421-06:002013-08-29T18:27:04.421-06:00Larry Fucking Summers = LFS. I like it!!!Larry Fucking Summers = LFS. I like it!!!Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-74184486039398522832013-08-29T13:14:11.834-06:002013-08-29T13:14:11.834-06:00BTW turbo-printing mode is absolutely a sure bet. ...BTW turbo-printing mode is absolutely a sure bet. The information that we are allowed to see represents the tip of iceberg IMO. The games played with metals, stocks etc. the amounts involved can only come from a few places due to sheer size. Look at oil's close today for example...only a few places could even try to do that sort of volume flow<br /><br />Larry Fucking Summers.........100% guaranteed game over if he gets in...don't get me wrong I think its over already but that would remove any doubt as to outcome. Also tells me desperation is stage they (system) are operating at.<br /><br />michael schumachernoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-39002266885120628252013-08-29T13:06:03.429-06:002013-08-29T13:06:03.429-06:00As a long time bay area resident I can tell you th...As a long time bay area resident I can tell you that it's always been an inflated market.....think stock options....and as long as the system remains intact it will always be that way.<br />michael schumachernoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-27355055643905918022013-08-29T12:05:44.986-06:002013-08-29T12:05:44.986-06:00When you say the house is "about 1.5mm,"...When you say the house is "about 1.5mm," has he been offered that amount or is that where he's being told by a broker that he can sell it.<br /><br />To be sure, California has developed a "mini-bubble" that is more extreme than any other market - just like Cali got the most extreme during the primary bubble. Ironically, all of the bubble markets in the West have experienced the biggest mini-reflation.<br /><br />Rest assured, once the Facebook fortunes are done flowing through NoCal's housing economy, it will crash again. That's why Ziff-Ochs is unloading around 80,000 properties in NoCal it had bought to rent out. They were pretty much the first to do the buy to rent trade.<br /><br />This next leg down is going to get very ugly unless the Fed goes into turbo-printing mode. But then, the hyperinflation from that will get ugly. Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-62169148069072977922013-08-29T11:40:08.148-06:002013-08-29T11:40:08.148-06:00Limits on Broker Use of Client Assets Sought by Gl...Limits on Broker Use of Client Assets Sought by Global Regulator<br /><br />Brokers face restrictions on using clients’ assets as collateral for other trades, as part of a push by global regulators to prevent the securities lending market from sparking chain reactions that could cause a crisis.<br /><br />Under recommendations published today by the Financial Stability Board, brokers wouldn’t be allowed to tap client assets for their own trading, and they would have to provide “sufficient disclosure” of plans to use the securities as collateral in other transactions. They would also have to meet minimum standards in managing liquidity risks.<br /><br />Regulators are seeking to rein in how traders use collateral in a bid to prevent any repeat of the turmoil that followed the 2008 collapse of Lehman Brothers Holdings Inc., which was driven in part by confusion over who was owed what on outstanding trades. The European Union may seek to curb the number of times a single asset can be passed on as collateral in trades, a person familiar with the plans said last week.<br /><br />“More safeguards” are needed for client assets, the FSB, which brings together regulators and central bankers from the Group of 20 nations, said in today’s proposals. Recycling the securities as collateral, a process known as re-hypothecation, “can create financial stability risks especially if clients are uncertain about the extent to which their assets have been re-hypothecated, or about the treatment in case of bankruptcy.” <br /><br />http://www.bloomberg.com/news/2013-08-29/limits-on-broker-use-of-client-assets-sought-by-global-regulator.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-36030993634535703452013-08-29T07:03:52.193-06:002013-08-29T07:03:52.193-06:00Hi Dave,
I really enjoy reading your blog and wan...Hi Dave,<br /><br />I really enjoy reading your blog and want to thank you for your analysis. So I wanted to relay what I've been noticing in several markets. In my neck of the woods in Bellevue (Seattle), that houses generally stay on the market for a very short period of time, and then are snapped up with a cash offer. <br /><br />Also, I'm in the Bay Area for vacation and have talked to my friends and family about the real estate here. I have one family member who bought a house in Silicon Valley in 2000 for $1 million and now the house is about $1.5. Another friend who bought a short sale house for $350k saw its value drop to $270k then shoot back up to $450k. As an aside, rents here are astronomical. My cousins place which probably could have rented for $2k a couple of years back now can rent for $3k.<br /><br />Finally, I have family in Dallas as well, and from what I understand homes can be sold within a day.<br /><br />Now, what I'm wondering is if these markets are the anomaly and the function of a decent tech/job market, or are people rushing to buy before interest rates go up. Anyway, thanks for all of your insight.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-1006201607706031782013-08-29T06:53:16.734-06:002013-08-29T06:53:16.734-06:00Putin is really pissed off at the Saudis right now...Putin is really pissed off at the Saudis right now. They issued a vailed threat at a meeting between Saudi prince Bandar Bin Sultan and Putin. At this point Putin would like to turn Saudi Arabia into a grease spot. Full article link attached.<br /><br />http://www.thedailysheeple.com/escalation-vladimir-putin-reportedly-threatens-saudi-arabia-with-massive-counter-strike_082013Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-8433110090308793052013-08-28T20:25:23.519-06:002013-08-28T20:25:23.519-06:00ZeroHedge seems to think that the Fed MUST taper f...ZeroHedge seems to think that the Fed MUST taper for various reasons???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-38071900591563870832013-08-28T13:24:00.865-06:002013-08-28T13:24:00.865-06:00Not trying to incite alarm bells out there but
HOL...Not trying to incite alarm bells out there but<br />HOLY SHIT...has anyone ever seen so many things going wrong at same time and our market goes up almost a hundy???<br /><br />BTW this all gets solved by the Saudis........they have a choice in front of them and its going to be dollars or rubles. In past I would say no way house of saud abandons Bushco but at this point the system has alot less to lose and they are sitting right in the middle of it... Petro dollar or petro ruble? <br /><br />something to think about in any case.<br /><br />michael schumachernoreply@blogger.com