This one’s a keeper

Doom hopes never again to see the Bank of Canada’s 3 month US Dollar vs Canadian Loonie chart heading straight down over nearly its entire three month window. 12 cents in 13 weeks — Wowsers!
Let’s all hope that flat bit at the end is a sign of stability. If you’re the first to see signs of anything stabilizing, please consider popping your comment or link into the Reply box. Once you’ve fed Igor his spam-word, we’ll all see what’s in store for the coming week. There’s still a couple of weeks of excitement in store ahead of the summer doldrums!
© Copyright 2012 Housing Doom | Copyright© 2011, AuthentiCraft, Inc.
wow! what a chart!
Public pension funds take a risky gamble / Fleck
http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/PublicPensionFundsTakeARiskyGamble.aspx
Private Equity and Market Valuation / Hester-Hussman
http://www.hussmanfunds.com/rsi/privequityval.htm
S&P warns of ratings pressure on U.K. buy-to-let lenders
http://www.marketwatch.com/news/story/sp-warns-ratings-pressure-uk/story.aspx?guid=%7BCEDEFBE2%2D27EF%2D41D3%2D9A4C%2D5F75F100D2D4%7D
Jan-Martin (comment #1) -
Absolute, I’m-not-kidding *** MUST READ *** post for anyone who’s the least bit interested in that Fleck piece. This is the real deal …
” ‘Uneconomic Transactions,’ Or Why I Hate Wall Street”, by Tanta, CalculatedRisk blog, June 10, 2007.
Further comment #4, Aaron recommends the following …
“Who’s Holding the Bag? (PPT slide deck)”, Pershing Square Capital Management, L.P., May 2007.
John:
RE: Harvard Study
You have to wonder how Retsinas can reconcile saying:
and then say:
In my mind prolonged is a longer term than 6-12 months, but maybe this way Retsinas covers his bases no matter what happens.
john & twist
thanks very much!
Effort to Advise on Risky Loans Runs Into Snag
http://www.nytimes.com/2007/06/12/business/12counsel.html?_r=1&ref=business&oref=slogin
Bust From The Past: June 2007
http://paper-money.blogspot.com/2007/06/bust-from-past-june-2007.html
Archstone-Smith buyout a gigantic gamble: Barron’s
http://forum.themarkettraders.com/read-m/8/9160/9160#msg-9160
Economists See Housing Slump Enduring Longer Than Expected / free wsj link
http://www.realestatejournal.com/buysell/markettrends/20070612-hagerty.html
Bear Stearns’ Subprime Bath / BW
http://www.businessweek.com/bwdaily/dnflash/content/jun2007/db20070612_748264.htm
Regulators Kept Quiet as Subprime Lenders `Targeted’ Minorities
http://www.bloomberg.com/apps/news?pid=20601087&sid=a6F6StSPKNig&refer=home
Auction Outrage in Fort Myers / Video
http://tinyurl.com/37f8xh
Jan-Martin (comment #11) -
A quarter of a billion dollars, like, wow!
This made me wince:
Subprime Crash Squeezes Out First-Time Home Buyers (Bloomberg)
The article explains:
But what does that mean, exactly? How tight are the credit guidelines now?
So, old, loose rules: no money down, no money in the bank; new, tight rules: no money down, 2 mortgage payments in the bank – and you qualify for $500K on $70K income, that’s more than 7x income!
Oh yeah, this change should help end the flood of foreclosures …
This is pretty funny.
http://www.winknews.com/news/local/7896352.html?video=YHI&t=a
$300,000 homebuyers pissed off that the builder is dumping excess inventory at auction for $180,000.
cramer on why there is no reason to own homebuilders / flip flopping on a monthly basis…..
http://videoplayer.thestreet.com/?clipId=1373_10362333&channel=Cramer+On+Demand&cm_ven=&cm_cat=&cm_ite=&puc=dm&ts=1181798534250
Is Bear Stearns Cutting Its Losses?
http://www.businessweek.com/bwdaily/dnflash/content/jun2007/db20070613_321601.htm?chan=top+news_top+news+index_businessweek+exclusives
Jan-Martin (comment #17) -
Jim Cramer quote so out of context:
“… no rigor, that has been my whole career …”
Jan-Martin -
Here’s an interesting piece. This very mainstream source is starting to sound a bit like Mike Whitney
“Are global market bubbles set to blow?”, by Ben Richardson, BBC News, June 14, 2007.
Now where have I heard that one before?
RE: Retsinas, Harvard JCHS Study
NVmike -
Best of luck with your communication.
hi john,
art is definitely a bit frothy…..
Barry has had a piece on the declining ratings from Cramer´s Mad Money….
maybe the audience has discovered that there is little value ……
but when you don´t take him seriously he has some entertainer/clown qualities