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slighty OT: while we joke about the demographics, the idea of <a href="http://en.wikipedia.org/wiki/White_flight">White Flight</a> is not that old. Some of the CC&Rs in the Inland Empire and Western San Fernando Valley to Ventura areas had explicit clauses saying that the homes will not be sold...

... Is 50bp in a day a big jump for the LIBOR?

I don't watch the LIBOR enough to know the answer, so I'm going to ask the question here. Is 50bp in a night a medium, big, huge, enormous, etc. ? Seems to me that a 5.3 to 5.8 jump would be enough to put a big hiccup in a health market, let alone this one. My 2 cents, soon to be...

Kramer on Colbert, Bernanke on a helicopter, what's next?! IR outting himself, dogs and cats sleeping together, and don't forget, a "new era" of economics

Doh! The cookie-post monster got me... Oh well, here goes again. awgee says, "When they pay the JCB back, they have to pay in yen. And they are hoping yen do not cost more at that time." This is subtle, yet very important. In a typical market, as things go south, the rates goes...

More stats! More stats! Feed me Seymour.... I need just a little more blooood, I mean stats, I mean schadenfreude. Seriously, strong work.

Nice find IR. I thought this was my favorite part <em> Market corrections follow three basic recovery patterns: a V-shaped recovery where a market experiences a sharp, fast decline but comes out strong once it hits bottom; a U-shaped recovery, where prices decline gradually and...

NSR, You ask why alt-A are dead. Lemme see if I can take a stab at this. Lemme back up a sec. Alt-A is less than prime and greater than sub. That seems like no-duh,.. but it means that it is not prime. If it is not prime, then the borrower is missing something e.g. income docs...

Aw shit man, I'm offline for 3 days and it's the most newsworthy since I started haunting all the bear stuff a year ago. I tried to explain the meaning of this to my wife. She gave me a "that's nice" in the 'glad you're excited about something even though I have no idea what you're...

You are fundamentally living in an attic. I don't know if you've ever crawled into a house attic, but they are usually 10-25+ hotter than the house. The roof is insulated to keep weather primarily water out. No heat can escape up. What to do... It's the ultimate so cal summer...

Kudos for making the upgrades. I don't think people are often willing to pay out for things (as opposed to experiences) they enjoy unless they will get a real item in return. Sometimes, the return is personal and that's enough.

I immediately short-circuit to the conclusion that the speaker has "wealth appreciation fantasy" everytime I hear "jealous".

<a href="http://www.amazon.com/Annotated-Flatland-Romance-Many-Dimensions/dp/0738205419/ref=pd_bbs_sr_4/104-7585425-6657561?ie=UTF8&s=books&qid=1185225077&sr=8-4">The Annotated Flatland by Edwin Abbot and Ian Stewart</a> Just finished <a...

I'd say you did a fine job answering my question. Thanks. You say that "The other choice for NC would have is to sell the loan to a scratch and dent lender for pennies on the dollar." Are these bundled loans or individual? Could I potentially buy my own loan from NC (if I did have a...

For those that want more detail, wet = sweaty horse with rapid heartrate. The horse should be walked until it has cooled down. Typically the sweaty hair dries. Hence, the horse would not be "wet" when put away. Think of going to the gym and exercising for an hour then going to sit in a...

I know that a mortgage is purchased and sold around. I know they can be packaged. My question is what happens when the company that holds/owns your lien goes bankrupt. How does the lien get repurchased? What about the monthly payment? How does this all work?

For every poster like that, there's a <a href="http://bubbletracking.blogspot.com/2007/07/mr-and-mrs-ds-wild-ride.html">Mr. and Mrs. D</a>

That's fun reading. Two things I noticed were "The real estate market, once a “blossoming bride” of the 80’s, was now a <strong>“bloated hag”</strong> of the 90’s." - Love that line, reminds me of the Bill Gross comment about sub-prime tramps dressed in high heels The other one I...

For anyone watching the dollar index, I'm just curious what your take will be on whether we break 80 or not. My 2 interests are the Chinese buying gold, precious metals, or more Blackstones (or not), and second, whether institutional investors and their computers will be triggered to do...

First time I had Boddington's I was sauced. I spent 5 minutes shaking the empty can, peering in it, sticking my finger in there. I'm sure I looked like a dumb monkey trying to figure it out.