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One trip to Colombia or Venezuela would completely change your mind. Our hot is their average. In Colombia, one of the biggest industries is cosmetic surgery - almost ALL of the women do it. Why? Because the competition for men is just too great.
Not sure where else to post this, but here it is.....
Most of the people here who know me know I work on the Street, and with that I am one greedy bastard. That said, I have really thought about the situation these guys are in, and how would I deal with it. The older I get (im 38 now), the...
SO on point Jag. Only a matter of time for that to happen. Make take - yes - misrepresentation is one thing - ignorance and laziness taking care of your own finances is another. Me thinks that 90%+ of the cases were ppl just wanting money to spend now. As they say - a fool and their money.....
I was just cleaning out my ez inbox and I found this exchange from over a year ago. It was so good that I think Ill keep it. The guy from over there "Brian Fellows" PMed me with the title "congratulations shithead... " This was in response to a post I made after reading post after post in some...
Cleve - Im not in the business of predicting interest rates short term, but long term my gut is up because we are going to have to keep raising rates to sell our debt offshore. However, much much more important is the direction of the housing market, which I believe is markedly down over the...
Mili - of all of the overinflated areas of the country - Hawaii may indeed be the worst. I believe the price to income ratio there reached 13 at one point (where the historical national average has been 2.1!). The only good thing about that is when it deflates, Hawaii is not a big enough...
Jag - financial bubbles have existed throughout history soley because of the human condition - people just cant help getting caught up in the frenzy of "easy money." Most recently - how many people were saying the same things at the end of the internet boom? No more overnight 23 yr old...
Thx Thump, I was just thinking of reviving this thread myself, given how right my predictions are becoming.... :tongue2:
Right now, the ARMs adjusting are the least of it. The bigger problem right now is the subprime market is imploding and taking down at least part of the economy with it...