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Da Bear Report
July Edition
The Financial Newsletter "They" Don't Want You To Know About!
Good morning America! This is July! Pronounced Ju-lie, and spelled July, and not Julie. The month of Julie as everyone knows is September as in Rudie Julie Annie is Mr(s.) September. But America made Mayor Julie Annie Mr. 9/11, Wolf Blitzer told us so. But Wolf Blitzer HATES America! Evil or Very Mad
And so, for that matter, does Ciaduh News Network HATES America! Twisted Evil (The modern America does not need good grammar, can you guess why? Laughing ).
Rudie Julie Annie, the Groundzero Gentleman, the Dynamite Kid, Captain HATE America (! Evil or Very Mad ), the heir to the throne to sit at the 33rd degree of Satan, is now running for President! He now wants to be Senator Seven Seven Seven! Qiadah is scaring the shit out of everyone, and if they don't the American and British governments are. The only thing we have is fear, so fear it is!--the new American Policy. Dubya is still our President, but Cheney is still running the country. but somehow everyone forgot to tell Bush. Like NORAD on September 11, Cheney has ordered the "selected" president to stand down.
Happy In Dependence Day Everybody!
Tomorrow is July 4th. The day after that is July 5th. big friggin deal. Celebrate Freedom in America tomorrow or else! the Patriot Act demands it! Saturday will be the one year anniversary of the terror attacks in India. It will also be 7-7-7. Potential false flag attack day... The Mainscum Media reports small-scale terror in Britian and in Europe. are they setting us up for another fall? too bad no one warned the MainStream Media. maybe they shoulda read the Da Bear Report and the Da Bear Rants in June. too bad the newspaper people and the nightly news readers are illiterate...
Financial system again on brink of disaster. trillions in toxic garbage and derivatives everywhere. CIA reveals some past dirty laundry. hey America use Google. Look up Operation Northwoods and JP Morgan reveals trillions in derivatives on its books in 2001. Before 9-11.
History doesn't repeat, it screams! July is also number one in the greatest hits section of greatest hits. JFK, Jr. in 1999. Gore attempt in July 1999. So watch out ron paul and koo koo kucinich because they sure are.
In 2001 stocks peaked in 2000. In fall of 2001 they peaked in the summer of 2001. The Y2k bug which occured in September 2001 which wasn't a bug but a toxic cancerous super-virus reaked havoc. so their were warning signs. plus, airlines stocks crashed. this time before a 7-7-7 nuclear hyper-reichstagflation scenario look at defense stocks and precious metals. Buy when there is blood on the floor goes the old adage. The new adage (can you have a new adage? aren't they always old???) should be that before there is blood on the floor buy defense stocks.
and maybe Krispy Kreme Doughnuts. Because in a Police State donuts are legal tender...
What melts in your mouth and not in your hands (besides Dick Cheney between Dubya's lips)? Krispy Kreme Doughnuts. KKD continues to stay above its lows, continuing to rise as the Dow sluggishly fails to make a new high. KKD is the only stock i saw to act opposite stocks in the bull and bear markets from 2000. So it is still my contrarian stock to watch. And as long as the US economy remains a genetically modified- high fructose saccharine filled piece of fatty dough covered in glaze with a friggin' hole in the middle Krispy Kreme Donuts is still my play.
Here is a link to the KKD chart: http://bigcharts.marketwatch.com/adv...time=20&freq=2
Now on to metals: Gold is hovering around $650 but it broke below that the other day and hence triggered my Da Bear Sell Signal. Another report put a sell at $650 but i have said mine for awhile. I also said earlier, and in my preview that gold will become a buy again if it rises above $666 an ounce. I saw another article with words to that effect. So if gold doesn't reach the $666 level it should drop at least to $550 and probably as low as $450. I have yet to mention silver, but silver goes where gold boldly goes. Silver follows the yellow metal up the wall of worry, down the slope of hope, and off the edge of sanity. Silver is the Good German in Gold's Nazi Regime.
Chart of GLD compared with SLV (the silver ETF):
http://bigcharts.marketwatch.com/adv...ld&time=&freq=
Prechter still has gold having completed five waves up. But in my opinion gold is in the fourth wave and could go to a fifth wave spike if gold breaks above $666. otherwise it is a B wave off last year's highs and a signal of huge deflationary pressures. But if you look at the chart and like what you see call your broker at JP Orwell and buy paper gold today!
As strange as it may seem gold is very close to the $666 mark days away from a potential 7-7-7 Illuminati Blow-Out Special. or as one terror analyst put it "a spectacular." yeah, that would be ******* awesome! Rolling Eyes
So if gold reaches $666 by the end of the week it is a buy and also could be a Satanic Omen of the Century for a 7-7-7 "false flag event." Someone tell CFR the true definition of false flag; they are really getting it wrong. It would also probably mark the stock top as being in and result in a huge crash, which technically could happen soon anyway. Such are the actions and message of the Invisible Hidden Hand.
It goes without saying that Satanic Seven Seven Seven Saturday terror would be bearish and result in a stock plunge and be evidence that a stock top was in. However, as Peter Eliades pointed out, and as i touched on in earlier Reports, a potential 75 year bottom-to-top formation could occur. since the low occured the first week of July 1932, the top portion could occur right now. 1932 represented the most bearish American investors and consumers have been; right now arguably marks the most bullish they have ever been. Such would be the psychological indicators of the long-wave of economics. If Kondratieff were alive today he would probably be selling.
Perhaps the Poster Child for the Great Sucker's Rally in American Stocks is Google. everyone thinks its cute and incredibly dynamic and anti-establishment but it allows gubment to spy on everybody, read what the type, and makes all its money selling ads and overvalued stocks! BOOM! Only in America! However, looking at a chart its already had a great run and is going for $540 bucks a share. its fifth wave could be ending, and with it the fifth wave of the American Stock-buying, home-buying Sucker Public.
Investor optimism for Google is huge, and no one on CNBC talks bad about it. A far cry when it first IPO'd and those in the know saying it was overpriced, and it had to lower its opening price to 80-something.
here is a chart of Google: http://bigcharts.marketwatch.com/adv...time=20&freq=2
Breaking News!!! Da Bear Report is the number one technical analysis report without charts!
coming soon... Da Bear EmotoReport: The number one financial newsletter written entirely in emoticons! Very Happy
Next topic is Asia. fxi is my three letters of the day which also happen to be a stock ticker symbol. It measures something in asia. All Asia is going wild. Especially China. And especially Shanghai. Chinese so horny for Shanghai stocks!
The Shanghai stock market: The Nasdaq for the next one hundred years.
link to chart of FXI: http://bigcharts.marketwatch.com/adv...time=20&freq=2
China stocks seem to have recovered from its Feb. nose dive. Its the next great power and everyone knows it, so everyone is buying the stocks. but their stocks are in a blowoff mania and won't end well. in the short run its signaling a crash, but in the long run it is signaling a huge secular bull market. This is 1929 deja vu all over again. But we are the British dandies sipping tea and sucking wind and they are the upstarts who will kick our ass. The new American Century is indeed Made in China. But first there will be as stock crash. However, it doesn't have to happen when our markets crash. Indeed the 1929-1932 parallel could have us topping before China just as English stocks peaked before American ones did in 1929-29. Also, our stocks roared into a hyperbolic mania blowoff top into fall 1929 but the British stocks kinda peaked out less maniacally. so a crash here in the USA could take place here in '07 just as the Dow crashed in 1987 and in 1907. In 1907 JP Morgan bailed out the whole damned stock market and the whole damned economy. Now, JP Morgan, along with Bear Stearns, are leveraged to Mars and could crash back to earth and beyond. the olympics are in China next year so their stocks and economy could soar right past summer 2008, then setting up for a crash. America is sucking wind, the People's Empire of China is soaring and the Beast of the Far East won't stand down.
Prechter and Martin Armstrong both have stocks approaching temporary lows around march 2008. this could be a good time for China to recover and go into higher highs next year after the 2008 Olympics.
Also next year, Dubya will approach his fifth of a fifth wave down in popularity with a bottom at zero. but congress isn't liked any better, and Dick Cheney is approaching Dr. Evil status. The fact that he ordered a 9-11 stand-down doesn't help matters much.
link:http://www.jonesreport.com/articles/260607_mineta.html
And in more news from the bizzarro world where conspiracy and fact awkwardly cavort like two drunken kissing incestuous cousins in Alabama, comes word that China is looking to thwart the Illuminati!
link: http://www.rense.com/general77/chinsec.htm
So we can all look forward to a East-West Super Double Secret Society Throwdown! How do you say "BOOM!" in secret society chinese speak?
... BE MULTILINGUAL! LEARN TO READ CHARTS OF CHINESE STOCKS...
Da Bear On Politics:
Obama is raising more money than Hillary. Wow, he can not only speak well and energize a crowd, he can also make a lot of money! Move over Tony Robbins! Very Happy
But Obama is no great statesman, nor a learned leader. So you don't have to move over George Washington (or Dr. Ron Paul for that matter).
Speaking of Ron Paul... Hell, I might as well do it, the mainstream media sure ain't talking about him! Laughing
He talks about the issues that matter, the war in Iraq and the Obama-nations we call the Fed, the IRS and the North American Union.
He is pro-liberty and pro-gold.
Here is an excerpt from an article written by Ron Paul:
"I believe there is no way to square our nation’s traditions and reverence for independence with the globalist policies these elites are currently pursuing. The American concept of independent nationhood inscribed in our Declaration cannot be maintained if we are going to pursue a policy that undermines the independence of other nations. National independence is an idea, and the erosion of the independence of other nations only serves to erode that idea."
link to the entire article: http://www.house.gov/paul/tst/tst2007/tst070207.htm
Rudie Julie Annie, Mister 9-11, Senator Seven Seven Seven, the Dynamite Kid, Gentleman Groundzero, Adolf Guliani himself is running for President on the Fear Ticket. The only thing we have to Fuhrer is the Fiery Fearful Fuhrer himself!
Now about Al Gore: He may run, he may not. He may win, he may not.
Who is a bigger badder dude, bin Laden or bin Bernanke? bin Laden was only guilty of being blamed for being framed for September 11th, bin Bernanke is determined to bring down the entire global economy. Sit back and watch the controlled demolition of the global financial system on bin Bernanke's watch!
Why does bin Bernanke HATE America? Twisted Evil
Da Bear on Housing: Some are worried about housing. I say why be worried? It's not like it's going anywhere... Laughing
FYI: Growing grass watches vacant McMansions for sale if it wants to be bored to tears.
Da Bear Real Estate Quote of the Month: " "So after investing another $75,000 in the house it is worth $100,000 less than it did six months ago."."
- NY bubble buyers. posted on realestatedecline.com
Da Bear comment: It takes money to lose money!
From Mike Whitney on housing:
"The Housing Slump
Yesterday's housing data, shows that sales are still weak while inventory continues to grow. Existing home sales dropped 3% while prices dropped another 2.1%. Falling prices mean that cash-strapped home owners will not be able to tap into their home's equity for other expenses. Last year, mortgage equity withdrawals (MEWs) accounted for $600 billion of consumer spending. This year, the amount will be negligible at best.
The media and the Fed continue to mislead the public about the magnitude of the housing bubble. Fed chief Bernanke assures us that the sub prime calamity hasn't “spread to other parts of the economy” (tell that to Bear Stearns) and the media keeps cheerily reiterating that a “turnaround” or “soft landing” is just ahead.
These claims are ridiculous. Apart from the 80 or more sub-prime lenders that have gone “belly-up” in the last few months, the rickety collateralized debt obligations (CDOs) and mortgage backed securities (MBSs) are steamrolling their way through the stock market bowling down everything their path. Bear Stearns is just the first on the casualties list. There'll be many more before the storm is over.
Fed-chairman Bernanke knows what's going on. He was given a full rundown by “ John Burns Real Estate Consulting that the national sales information for both new and existing homes, is “misleading and covering up a deep plunge of the housing sector.” The housing market is freefalling. Existing-home sales are down 22% in May and mortgage applications have fallen a whopping 18%....In Florida home sales are down 34%, not 28% as NAR reported; Arizona sales are down 38%, not 28%; and California's down 37%, not 24% as NAR reports.”
Down 37% in California!?!
Gadzooks! It's a landslide. "
Real estate crash material is soaring!!! Stay tuned for the worsening of the Unreal real estate disaster, and the potential for burning down even more homes, like what is happening now to people who are at the same time underwater on their mortgages and setting fire to their homes. One internet poster sarcastically put it, I am waiting for people to burn down the competitor's homes...
Here is more that i found on the internet:
__________________________________________________ _______
"It’s really starting to get interesting! Foreclosure-related businesses (rehabbers, lawyers, property managers) are booming. How soon will the supply of foreclosed properties exceed the bottom feeders’ ability to buy them? When that happens, look out below!
The Orange County Register. “Tough times in the real estate industry mean booming business for Michael S. Buescher, a Trabuco construction contractor who specializes in cleaning and fixing up repossessed homes.”
“In Orange County, the number of foreclosures through May hit 1,031, seven-fold the number a year ago. Default notices soared 121 percent, to 4,520 homes, during the first five months of the year.”
“‘We get more every day,’ Buescher said. ‘We’ve been waiting eight years for this to start happening again.’”
“As more rehab offers trickled in, Buescher felt almost like he was back in the good old days of the ’90s, the last time Southern California’s real estate market tanked. During that era, he employed five crews to spiff up an average 30 repossessed homes a month.”
“So far this year, business has taken Buescher to dozens of trash-outs and fix-ups in Orange, Riverside and San Bernardino counties, to gated communities and rat-infested crack dens, all united under the title ‘real estate owned’ or ‘bank repo.’”
“Real estate agent Mike Roberts…has revived his Laguna Niguel company Trust Solutions Inc., which offers homeowners who are upside-down on their loans a legal method for selling their property without having to go through lender approval. So far this year, Roberts said Trust Solutions has negotiated one or two deals a month. But he expects business to pick up as more homeowners find themselves underwater.”
“‘I suspect by late summer we’ll be doing one a day,’ he said. ‘That’s what we were doing the last time the market was in trouble in ‘94, ‘95, ‘96 and early ‘97.’”
“Patti Donovan, president of a Santa Ana firm that manages and markets real-estate owned properties, said she got back in the business last year after a four-year hiatus when the market was hot and she ‘pretty much played a lot of golf.’ Donovan, who started in the foreclosure business in 1984, said she expects the down market to last three to five years.”
__________________________________________________ ___
... so there is the word on the street. also a potential job in the Housing fall-out.
Finally, psychology seems to be changing as more people look to get out of debt and view homes more by how much it costs more than how much can it appreciate. The Donald (trump) isn't doing too well financially, his show was canceled as were many of his condo developments. Plus, there is this new thing known as Stealth Wealth. (link to article: http://www.luxist.com/2007/06/26/wha...tealth-wealth/)
I am guessing it means that nonconspicous nonconsumption is the new conspicuous consumption. (Those aren't real worlds, I made them up. That's not right, it's not even wrong. No you're right, it's wrong.)
The next mania according to the new investor psychology [or socionomics in prechter's book(s)]if there is one will be something that has the unlimited upside of dot com stocks plus the tangible aspect of housing, the ability for it to weigh something, to show off if wanted, and the ability to hide if that is what one so chooses. Plus you can't make any more of it (unlike tech stocks) or build anymore of it in the sky (unlike high rise condos). So i give you gold and silver coins. they have all the aspects of those things i mentioned. plus they are money. and they were great investments in the past.
David Morgan contrasts paper millionaires with those he calls "silver millionaires," i.e. those who have a million dollars in silver. hint: its a lot less than paper millionaires.
link: http://www.financialsense.com/editor...2007/0702.html
But i have something else to add. Mr. Morgan even confuses credit with paper. there are billions out there for every dollar in actual paper Funny Reserve Notes. so we aren't even all paper millionaires! We couldn't even return to a paper standard!
da bear
Money isn't everything. It's not even money.
July Edition
The Financial Newsletter "They" Don't Want You To Know About!
Good morning America! This is July! Pronounced Ju-lie, and spelled July, and not Julie. The month of Julie as everyone knows is September as in Rudie Julie Annie is Mr(s.) September. But America made Mayor Julie Annie Mr. 9/11, Wolf Blitzer told us so. But Wolf Blitzer HATES America! Evil or Very Mad
And so, for that matter, does Ciaduh News Network HATES America! Twisted Evil (The modern America does not need good grammar, can you guess why? Laughing ).
Rudie Julie Annie, the Groundzero Gentleman, the Dynamite Kid, Captain HATE America (! Evil or Very Mad ), the heir to the throne to sit at the 33rd degree of Satan, is now running for President! He now wants to be Senator Seven Seven Seven! Qiadah is scaring the shit out of everyone, and if they don't the American and British governments are. The only thing we have is fear, so fear it is!--the new American Policy. Dubya is still our President, but Cheney is still running the country. but somehow everyone forgot to tell Bush. Like NORAD on September 11, Cheney has ordered the "selected" president to stand down.
Happy In Dependence Day Everybody!
Tomorrow is July 4th. The day after that is July 5th. big friggin deal. Celebrate Freedom in America tomorrow or else! the Patriot Act demands it! Saturday will be the one year anniversary of the terror attacks in India. It will also be 7-7-7. Potential false flag attack day... The Mainscum Media reports small-scale terror in Britian and in Europe. are they setting us up for another fall? too bad no one warned the MainStream Media. maybe they shoulda read the Da Bear Report and the Da Bear Rants in June. too bad the newspaper people and the nightly news readers are illiterate...
Financial system again on brink of disaster. trillions in toxic garbage and derivatives everywhere. CIA reveals some past dirty laundry. hey America use Google. Look up Operation Northwoods and JP Morgan reveals trillions in derivatives on its books in 2001. Before 9-11.
History doesn't repeat, it screams! July is also number one in the greatest hits section of greatest hits. JFK, Jr. in 1999. Gore attempt in July 1999. So watch out ron paul and koo koo kucinich because they sure are.
In 2001 stocks peaked in 2000. In fall of 2001 they peaked in the summer of 2001. The Y2k bug which occured in September 2001 which wasn't a bug but a toxic cancerous super-virus reaked havoc. so their were warning signs. plus, airlines stocks crashed. this time before a 7-7-7 nuclear hyper-reichstagflation scenario look at defense stocks and precious metals. Buy when there is blood on the floor goes the old adage. The new adage (can you have a new adage? aren't they always old???) should be that before there is blood on the floor buy defense stocks.
and maybe Krispy Kreme Doughnuts. Because in a Police State donuts are legal tender...
What melts in your mouth and not in your hands (besides Dick Cheney between Dubya's lips)? Krispy Kreme Doughnuts. KKD continues to stay above its lows, continuing to rise as the Dow sluggishly fails to make a new high. KKD is the only stock i saw to act opposite stocks in the bull and bear markets from 2000. So it is still my contrarian stock to watch. And as long as the US economy remains a genetically modified- high fructose saccharine filled piece of fatty dough covered in glaze with a friggin' hole in the middle Krispy Kreme Donuts is still my play.
Here is a link to the KKD chart: http://bigcharts.marketwatch.com/adv...time=20&freq=2
Now on to metals: Gold is hovering around $650 but it broke below that the other day and hence triggered my Da Bear Sell Signal. Another report put a sell at $650 but i have said mine for awhile. I also said earlier, and in my preview that gold will become a buy again if it rises above $666 an ounce. I saw another article with words to that effect. So if gold doesn't reach the $666 level it should drop at least to $550 and probably as low as $450. I have yet to mention silver, but silver goes where gold boldly goes. Silver follows the yellow metal up the wall of worry, down the slope of hope, and off the edge of sanity. Silver is the Good German in Gold's Nazi Regime.
Chart of GLD compared with SLV (the silver ETF):
http://bigcharts.marketwatch.com/adv...ld&time=&freq=
Prechter still has gold having completed five waves up. But in my opinion gold is in the fourth wave and could go to a fifth wave spike if gold breaks above $666. otherwise it is a B wave off last year's highs and a signal of huge deflationary pressures. But if you look at the chart and like what you see call your broker at JP Orwell and buy paper gold today!
As strange as it may seem gold is very close to the $666 mark days away from a potential 7-7-7 Illuminati Blow-Out Special. or as one terror analyst put it "a spectacular." yeah, that would be ******* awesome! Rolling Eyes
So if gold reaches $666 by the end of the week it is a buy and also could be a Satanic Omen of the Century for a 7-7-7 "false flag event." Someone tell CFR the true definition of false flag; they are really getting it wrong. It would also probably mark the stock top as being in and result in a huge crash, which technically could happen soon anyway. Such are the actions and message of the Invisible Hidden Hand.
It goes without saying that Satanic Seven Seven Seven Saturday terror would be bearish and result in a stock plunge and be evidence that a stock top was in. However, as Peter Eliades pointed out, and as i touched on in earlier Reports, a potential 75 year bottom-to-top formation could occur. since the low occured the first week of July 1932, the top portion could occur right now. 1932 represented the most bearish American investors and consumers have been; right now arguably marks the most bullish they have ever been. Such would be the psychological indicators of the long-wave of economics. If Kondratieff were alive today he would probably be selling.
Perhaps the Poster Child for the Great Sucker's Rally in American Stocks is Google. everyone thinks its cute and incredibly dynamic and anti-establishment but it allows gubment to spy on everybody, read what the type, and makes all its money selling ads and overvalued stocks! BOOM! Only in America! However, looking at a chart its already had a great run and is going for $540 bucks a share. its fifth wave could be ending, and with it the fifth wave of the American Stock-buying, home-buying Sucker Public.
Investor optimism for Google is huge, and no one on CNBC talks bad about it. A far cry when it first IPO'd and those in the know saying it was overpriced, and it had to lower its opening price to 80-something.
here is a chart of Google: http://bigcharts.marketwatch.com/adv...time=20&freq=2
Breaking News!!! Da Bear Report is the number one technical analysis report without charts!
coming soon... Da Bear EmotoReport: The number one financial newsletter written entirely in emoticons! Very Happy
Next topic is Asia. fxi is my three letters of the day which also happen to be a stock ticker symbol. It measures something in asia. All Asia is going wild. Especially China. And especially Shanghai. Chinese so horny for Shanghai stocks!
The Shanghai stock market: The Nasdaq for the next one hundred years.
link to chart of FXI: http://bigcharts.marketwatch.com/adv...time=20&freq=2
China stocks seem to have recovered from its Feb. nose dive. Its the next great power and everyone knows it, so everyone is buying the stocks. but their stocks are in a blowoff mania and won't end well. in the short run its signaling a crash, but in the long run it is signaling a huge secular bull market. This is 1929 deja vu all over again. But we are the British dandies sipping tea and sucking wind and they are the upstarts who will kick our ass. The new American Century is indeed Made in China. But first there will be as stock crash. However, it doesn't have to happen when our markets crash. Indeed the 1929-1932 parallel could have us topping before China just as English stocks peaked before American ones did in 1929-29. Also, our stocks roared into a hyperbolic mania blowoff top into fall 1929 but the British stocks kinda peaked out less maniacally. so a crash here in the USA could take place here in '07 just as the Dow crashed in 1987 and in 1907. In 1907 JP Morgan bailed out the whole damned stock market and the whole damned economy. Now, JP Morgan, along with Bear Stearns, are leveraged to Mars and could crash back to earth and beyond. the olympics are in China next year so their stocks and economy could soar right past summer 2008, then setting up for a crash. America is sucking wind, the People's Empire of China is soaring and the Beast of the Far East won't stand down.
Prechter and Martin Armstrong both have stocks approaching temporary lows around march 2008. this could be a good time for China to recover and go into higher highs next year after the 2008 Olympics.
Also next year, Dubya will approach his fifth of a fifth wave down in popularity with a bottom at zero. but congress isn't liked any better, and Dick Cheney is approaching Dr. Evil status. The fact that he ordered a 9-11 stand-down doesn't help matters much.
link:http://www.jonesreport.com/articles/260607_mineta.html
And in more news from the bizzarro world where conspiracy and fact awkwardly cavort like two drunken kissing incestuous cousins in Alabama, comes word that China is looking to thwart the Illuminati!
link: http://www.rense.com/general77/chinsec.htm
So we can all look forward to a East-West Super Double Secret Society Throwdown! How do you say "BOOM!" in secret society chinese speak?
... BE MULTILINGUAL! LEARN TO READ CHARTS OF CHINESE STOCKS...
Da Bear On Politics:
Obama is raising more money than Hillary. Wow, he can not only speak well and energize a crowd, he can also make a lot of money! Move over Tony Robbins! Very Happy
But Obama is no great statesman, nor a learned leader. So you don't have to move over George Washington (or Dr. Ron Paul for that matter).
Speaking of Ron Paul... Hell, I might as well do it, the mainstream media sure ain't talking about him! Laughing
He talks about the issues that matter, the war in Iraq and the Obama-nations we call the Fed, the IRS and the North American Union.
He is pro-liberty and pro-gold.
Here is an excerpt from an article written by Ron Paul:
"I believe there is no way to square our nation’s traditions and reverence for independence with the globalist policies these elites are currently pursuing. The American concept of independent nationhood inscribed in our Declaration cannot be maintained if we are going to pursue a policy that undermines the independence of other nations. National independence is an idea, and the erosion of the independence of other nations only serves to erode that idea."
link to the entire article: http://www.house.gov/paul/tst/tst2007/tst070207.htm
Rudie Julie Annie, Mister 9-11, Senator Seven Seven Seven, the Dynamite Kid, Gentleman Groundzero, Adolf Guliani himself is running for President on the Fear Ticket. The only thing we have to Fuhrer is the Fiery Fearful Fuhrer himself!
Now about Al Gore: He may run, he may not. He may win, he may not.
Who is a bigger badder dude, bin Laden or bin Bernanke? bin Laden was only guilty of being blamed for being framed for September 11th, bin Bernanke is determined to bring down the entire global economy. Sit back and watch the controlled demolition of the global financial system on bin Bernanke's watch!
Why does bin Bernanke HATE America? Twisted Evil
Da Bear on Housing: Some are worried about housing. I say why be worried? It's not like it's going anywhere... Laughing
FYI: Growing grass watches vacant McMansions for sale if it wants to be bored to tears.
Da Bear Real Estate Quote of the Month: " "So after investing another $75,000 in the house it is worth $100,000 less than it did six months ago."."
- NY bubble buyers. posted on realestatedecline.com
Da Bear comment: It takes money to lose money!
From Mike Whitney on housing:
"The Housing Slump
Yesterday's housing data, shows that sales are still weak while inventory continues to grow. Existing home sales dropped 3% while prices dropped another 2.1%. Falling prices mean that cash-strapped home owners will not be able to tap into their home's equity for other expenses. Last year, mortgage equity withdrawals (MEWs) accounted for $600 billion of consumer spending. This year, the amount will be negligible at best.
The media and the Fed continue to mislead the public about the magnitude of the housing bubble. Fed chief Bernanke assures us that the sub prime calamity hasn't “spread to other parts of the economy” (tell that to Bear Stearns) and the media keeps cheerily reiterating that a “turnaround” or “soft landing” is just ahead.
These claims are ridiculous. Apart from the 80 or more sub-prime lenders that have gone “belly-up” in the last few months, the rickety collateralized debt obligations (CDOs) and mortgage backed securities (MBSs) are steamrolling their way through the stock market bowling down everything their path. Bear Stearns is just the first on the casualties list. There'll be many more before the storm is over.
Fed-chairman Bernanke knows what's going on. He was given a full rundown by “ John Burns Real Estate Consulting that the national sales information for both new and existing homes, is “misleading and covering up a deep plunge of the housing sector.” The housing market is freefalling. Existing-home sales are down 22% in May and mortgage applications have fallen a whopping 18%....In Florida home sales are down 34%, not 28% as NAR reported; Arizona sales are down 38%, not 28%; and California's down 37%, not 24% as NAR reports.”
Down 37% in California!?!
Gadzooks! It's a landslide. "
Real estate crash material is soaring!!! Stay tuned for the worsening of the Unreal real estate disaster, and the potential for burning down even more homes, like what is happening now to people who are at the same time underwater on their mortgages and setting fire to their homes. One internet poster sarcastically put it, I am waiting for people to burn down the competitor's homes...
Here is more that i found on the internet:
__________________________________________________ _______
"It’s really starting to get interesting! Foreclosure-related businesses (rehabbers, lawyers, property managers) are booming. How soon will the supply of foreclosed properties exceed the bottom feeders’ ability to buy them? When that happens, look out below!
The Orange County Register. “Tough times in the real estate industry mean booming business for Michael S. Buescher, a Trabuco construction contractor who specializes in cleaning and fixing up repossessed homes.”
“In Orange County, the number of foreclosures through May hit 1,031, seven-fold the number a year ago. Default notices soared 121 percent, to 4,520 homes, during the first five months of the year.”
“‘We get more every day,’ Buescher said. ‘We’ve been waiting eight years for this to start happening again.’”
“As more rehab offers trickled in, Buescher felt almost like he was back in the good old days of the ’90s, the last time Southern California’s real estate market tanked. During that era, he employed five crews to spiff up an average 30 repossessed homes a month.”
“So far this year, business has taken Buescher to dozens of trash-outs and fix-ups in Orange, Riverside and San Bernardino counties, to gated communities and rat-infested crack dens, all united under the title ‘real estate owned’ or ‘bank repo.’”
“Real estate agent Mike Roberts…has revived his Laguna Niguel company Trust Solutions Inc., which offers homeowners who are upside-down on their loans a legal method for selling their property without having to go through lender approval. So far this year, Roberts said Trust Solutions has negotiated one or two deals a month. But he expects business to pick up as more homeowners find themselves underwater.”
“‘I suspect by late summer we’ll be doing one a day,’ he said. ‘That’s what we were doing the last time the market was in trouble in ‘94, ‘95, ‘96 and early ‘97.’”
“Patti Donovan, president of a Santa Ana firm that manages and markets real-estate owned properties, said she got back in the business last year after a four-year hiatus when the market was hot and she ‘pretty much played a lot of golf.’ Donovan, who started in the foreclosure business in 1984, said she expects the down market to last three to five years.”
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... so there is the word on the street. also a potential job in the Housing fall-out.
Finally, psychology seems to be changing as more people look to get out of debt and view homes more by how much it costs more than how much can it appreciate. The Donald (trump) isn't doing too well financially, his show was canceled as were many of his condo developments. Plus, there is this new thing known as Stealth Wealth. (link to article: http://www.luxist.com/2007/06/26/wha...tealth-wealth/)
I am guessing it means that nonconspicous nonconsumption is the new conspicuous consumption. (Those aren't real worlds, I made them up. That's not right, it's not even wrong. No you're right, it's wrong.)
The next mania according to the new investor psychology [or socionomics in prechter's book(s)]if there is one will be something that has the unlimited upside of dot com stocks plus the tangible aspect of housing, the ability for it to weigh something, to show off if wanted, and the ability to hide if that is what one so chooses. Plus you can't make any more of it (unlike tech stocks) or build anymore of it in the sky (unlike high rise condos). So i give you gold and silver coins. they have all the aspects of those things i mentioned. plus they are money. and they were great investments in the past.
David Morgan contrasts paper millionaires with those he calls "silver millionaires," i.e. those who have a million dollars in silver. hint: its a lot less than paper millionaires.
link: http://www.financialsense.com/editor...2007/0702.html
But i have something else to add. Mr. Morgan even confuses credit with paper. there are billions out there for every dollar in actual paper Funny Reserve Notes. so we aren't even all paper millionaires! We couldn't even return to a paper standard!
da bear
Money isn't everything. It's not even money.
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