Comments on: Where does Kohn really see the most downside risk? http://housingdoom.com/2008/04/17/where-does-kohn-see-downside/ Fri, 18 May 2012 02:39:21 +0000 hourly 1 http://wordpress.org/?v= By: metroplexual http://housingdoom.com/2008/04/17/where-does-kohn-see-downside/#comment-11594 metroplexual Thu, 17 Apr 2008 21:59:27 +0000 http://housingdoom.com/2008/04/17/where-does-kohn-see-downside/#comment-11594 Good use of grok (did Warren Buffet use the word?). Are you ever right, I was at a party last week and for the first 1/2 hour it was all about the housing crash, Bear Sterns and the Fed. All of the sudden regular folks are starting to get it. For years I sounded like I was crazy to those same people and now I am the quiet one in the room. I have only been blogging about it since 2003. Under the name metroplexual since 2005. Good use of grok (did Warren Buffet use the word?).

Are you ever right, I was at a party last week and for the first 1/2 hour it was all about the housing crash, Bear Sterns and the Fed. All of the sudden regular folks are starting to get it.

For years I sounded like I was crazy to those same people and now I am the quiet one in the room. I have only been blogging about it since 2003. Under the name metroplexual since 2005.

]]> By: twist http://housingdoom.com/2008/04/17/where-does-kohn-see-downside/#comment-11593 twist Thu, 17 Apr 2008 20:46:31 +0000 http://housingdoom.com/2008/04/17/where-does-kohn-see-downside/#comment-11593 Metro- John started telling me about the dangers of "alphabet soup" back in the summer of 2006, and it took me awhile to figure out what he was talking about. When I did, [No, I don't think I really "grok" it all, but that's OK, Warren Buffet says he doesn't either.] I thought he was right- all of these products could really play havoc with the economy years from now. The problems have played out faster than I ever thought they could, and now instead of chatting with friends and saying "How about them Suns!" it seems like we're saying "So how about Lehman and Merrill, will they hold up better than Bear?" Of course, that might now be indicative of the economy- maybe it says something about my friends! Metro-

John started telling me about the dangers of “alphabet soup” back in the summer of 2006, and it took me awhile to figure out what he was talking about. When I did, [No, I don't think I really "grok" it all, but that's OK, Warren Buffet says he doesn't either.] I thought he was right- all of these products could really play havoc with the economy years from now.

The problems have played out faster than I ever thought they could, and now instead of chatting with friends and saying “How about them Suns!” it seems like we’re saying “So how about Lehman and Merrill, will they hold up better than Bear?”

Of course, that might now be indicative of the economy- maybe it says something about my friends!

]]> By: metroplexual http://housingdoom.com/2008/04/17/where-does-kohn-see-downside/#comment-11592 metroplexual Thu, 17 Apr 2008 20:25:19 +0000 http://housingdoom.com/2008/04/17/where-does-kohn-see-downside/#comment-11592 Twist do you find as fascinating as I do, that we have been getting a lesson on finance and banking that would never have been possible but for the "Men Behaving Badly (and Women)". They have so messed things up that even the more obscure lending and finance practices have been exposed, like Auction Rate loans, derivatives, SIVs etc. It boggles my mind how deep this thing is boring through the finance sector. This is why the press has no clue how to report on things related to and I believe why Wall Street views bad news as good (as long as it is in small doses). Twist do you find as fascinating as I do, that we have been getting a lesson on finance and banking that would never have been possible but for the “Men Behaving Badly (and Women)”. They have so messed things up that even the more obscure lending and finance practices have been exposed, like Auction Rate loans, derivatives, SIVs etc.

It boggles my mind how deep this thing is boring through the finance sector. This is why the press has no clue how to report on things related to and I believe why Wall Street views bad news as good (as long as it is in small doses).

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