tag:blogger.com,1999:blog-7982981413278241287.post7758249284891086111..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Pending Home Sales DissectedDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7982981413278241287.post-28378342061054367012009-11-03T02:23:57.324-07:002009-11-03T02:23:57.324-07:00thanks for sharing with us..very informative and i...thanks for sharing with us..very informative and interestinggoldcoinsgainhttp://www.goldcoinsgain.comnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-5671599267184588882009-11-02T11:53:44.776-07:002009-11-02T11:53:44.776-07:00LOL. Especially since the chick are usually prett...LOL. Especially since the chick are usually pretty ugly.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-87773771118798501602009-11-02T11:48:06.935-07:002009-11-02T11:48:06.935-07:00Thanks for the explanation Dave... yeah I've l...Thanks for the explanation Dave... yeah I've lost respect for Roubini, once those pics of him posing with scantly clad girls started popping up on the itnernet!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-26511340733778735472009-11-02T11:39:37.343-07:002009-11-02T11:39:37.343-07:00Good question. The dollar carry-trade is a relati...Good question. The dollar carry-trade is a relatively new development fueled by zero percent Fed Funds and a rapidly expanding supply of dollars. <br /><br />Before we speculate on the effects of the dollar carry trade unwinding, let's figure out what events would precipitate the unwinding of the dollar carry trade. The yen carry trade lasted for several years. In fact, to a degree, its still going on relative to other currencies, just not dollars, since both the U.S. and Japan have zero interest policies implemented by their respective central banks. <br /><br />When do you think the Fed will raise rates to a level which exceeds the rates in other countries? My bet is that it will be a lot longer than anyone realizes. Based on this, I think the more interesting question is "how insane will the dollar carry-trade get?" The yen carry trade financed a multi-trillion dollar hedge fund, real estat/mortgage market, and Treasury bond market explosion. Using that as your measuring tape, the starting pitchers for the dollar carry trade have yet to finish warming up and take the mound.<br /><br />When do you think the Fed will stop expanding the money supply (the real money supply, not MZM or M2)? I would suggest that if the Fed starts to withdraw liquidity and raise rates, the U.S. financial system will fold up faster than a circus tent in a hurricane.<br /><br />I think Roubini says a lot of outrageous things either to grab attention or because he doesn't fully understand finance. Probably a bit of both.<br /><br />I don't really pay attention to his commentary because I believe it's nothing more than superficial analysis cloaked in headline-grabbing hype and an accent that makes him sound well-educated.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-37605664335291959442009-11-02T11:21:29.485-07:002009-11-02T11:21:29.485-07:00Hi Dave, what's your take on Roubini's ass...Hi Dave, what's your take on Roubini's assertion that the unwinding of the dollar/carry trade will cause the dollar to spike higher?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-83109323381961054002009-11-02T10:26:21.958-07:002009-11-02T10:26:21.958-07:00I am trying to rent a townhome in Garland. We pro...I am trying to rent a townhome in Garland. We probably should have sold the damn thing when the bubble was large. There are 4 homes including mine for rent there and another that was for rent that they put up for sale. I have had a sign in the yard for 2 months now and turned down 1 application and had another back out. I believe there are about 4 other homes for sale on the street. This is a 30 to 35 year old neighborhood.Anonymousnoreply@blogger.com