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#1
08-07-2007, 12:52 PM
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The Stock and Bond Market: Kramer
For those of you who invest, ya gotta listen to this U-tube by Kramer if you have not already. This guy is an entertainer but he is extremely passionate about what he does and he has lived out of his car (ie he has hit the lowest of lows and is now very rich). This is worth listening to, if just for its entertainment. Be patient he about blows a gasket.
http://www.youtube.com/watch?v=wtjkWJzxdQU 
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#3
08-07-2007, 02:26 PM
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I heard about this, but never saw it. My guess is Kramer lost his A** lately and is just upset. Unfortunately, I agree with Bernancke decisions to hold the fed rate and keep things were they are. There is a lot of inflationary pressures in the market and lowering fed rate will not help this. It would hurt more in the long run. It is easy to say just lower the interest rates and everything will be better. This will just cause more problems in the future. Since I am in the mortgage industry and have followed things like this, I just think some people had it coming to them. Financing 100% on people that never paid a bill in their life. Interest only and Neg Amortization loans were just asking for trouble in many cases. There needs to be more legislation on mortgage brokers and with special types of financing offered. The customers need to be educated and informed and in many cases they were not. This problem is only just begining and will continue for the next 1-2 years most likely, but lowering prime is not going to help
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#5
08-07-2007, 11:39 PM
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summary:
all my friends who made money when credit was easy are losing their asses now. why doesn't the fed screw the economy and rescue my friends? too bad for this guy we don't still have paul vollker as fed chairman. you bought bad loans. the economy will get along quite fine during your soaking. inflating the economy to save your friends just delays and spreads the pain. idiots that made bad financial decisons will lose their homes. bigger idiots that bought those bad loans won't be able to purchase a yacht for a few more years. who should i feel worse about? Last edited by hi_im_god : 08-08-2007 at 12:27 AM.
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#6
08-08-2007, 05:52 AM
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Quote:
As for stocks, I say buy Apple & hold onto it.
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#7
08-09-2007, 07:22 PM
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And the market responds....
I hope all of you that have invested properly dont need money right now. Your wealth just to a big shot to the stomach. I feel the pain. Now I ask myself... buy?
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#8
08-10-2007, 01:40 PM
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And here we go again. Down 1% today...
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#9
08-10-2007, 03:13 PM
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hold on to your shorts, we're in for a bumpy ride.
I saw the kramer stuff on tv a few days ago. it came across to me like a guy who was getting hammered on something and losing big time. more than his usual passion... When he started talking about how much he knows and who he talks to, it was a bit hard to stomach. like he is at the top of the information pyramid on this or that maybe the fed chairman needed to call him to get the inside story. the guy is passionate but a bit of a whack job if you ask me.
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#10
08-10-2007, 04:06 PM
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Quote:
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#11
08-10-2007, 05:53 PM
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Quote:
The guy is rich. He will never go back to where he started... poor. But my take is he was where a lot of people may be in a few months... living out of their car. I think he understands what it is to be poor. I personally feel that he is for the little guy. But a whole heck of a lot of people listen to him. I cant quite remember a TV personality who talks stocks that has had such an impact on the public. So I think he does get calls, but he does take himself a bit to seriously. I just think he does not like seeing people lose their homes. And he wanted the feds to lower rates so that people might make it through the bad mortages they got into. The fed has responded differently. By dumping money back to banks, etc.. that are going to be hit, not lower rates. So the feds do know things are serious. For now. One can never tell if this is a blip, or it starts the ball rolling the wrong way. That what is crazy about the world of money. Economics is a social science. Its not like predicting sunrise. More like predicting Earthquakes.
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#12
08-16-2007, 10:42 AM
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And freefall continues...
When money cant move, things get tough. I hope this does not to start to affect loans for other large projects other than homes.
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