I got a bone to pick with you Eric!

[metalman]

Re: I got a bone to pick with you Eric!

.............and EJ doesn't grace me with an answer to what is an honest question.............. Peter Schiff would!

I mean we agree that the "Process" has begun, now assuming that "They" (the people in charge) see what's coming they be trying to beat this. Notice the lack of a race to "Mark to market".

Nope, just like a guy in a car crash who is in a comma, they will keep him in a comma to ease the pain and help the guy (themselves as well).

I expect this to drag on for years.
Mega

really? peter's answered you? show me! maybe if you stop trolling and ask a serious question ej will answer you. you told us you got thrown off the bmw forum. how come? trolling there too, were ya?

[Spartacus]

Re: I got a bone to pick with you Eric!

On the issue of speed, we've seen a combination of slow and fast.

What we've seen to date is that individual emergencies have happened quickly.

Or they happened slowly (we knew the Markit charts months before Northern Rock and the German bank trouble) but the individual newsworthy events came to the public's attention quickly.

Eric's taken 2 positions on the issue - I believe Eric's position is that he doesn't know the speed

"myth of the slow crash" http://www.itulip.com/forums/showthread.php?p=15103

and I'm looking for the other, I've forgotten specifics, where he makes the case it could be a long, slow process.

I suspect the dual-speed thing will continue. Those of us following closely see the buildup and we think it's slow, and the general public sees the events and thinks it's fast. The events are happening far enough apart that the public (those who pay at least a little attention) thinks they're separate, unrelated events.

.............and EJ doesn't grace me with an answer to what is an honest question.............. Peter Schiff would!

I mean we agree that the "Process" has begun, now assuming that "They" (the people in charge) see what's coming they be trying to beat this. Notice the lack of a race to "Mark to market".

Nope, just like a guy in a car crash who is in a comma, they will keep him in a comma to ease the pain and help the guy (themselves as well).

I expect this to drag on for years.
Mega

Name for a new rock group: Northern Rock and the German Bankers

[Guest]

Re: I got a bone to pick with you Eric!

I like the idea of being stuck in a comma,

Maybe that has something to do with that obscure "string theory" that JK mutters about (but he's just wierd).

For the rest of it Mega, I wouldn't be too concerned about not getting a reply from EJ. Just post something cheeky that tweaks iTulip for it's many shortcomings and shrug it off.

There's lot's more good stuff to read around here (that's the paradox!), and BTW, Armageddon doesn't happen overnight you know.

Now when are you going to climb out of your armchair and actually ship me that good-will case of Newcastle Brown English Ale I've been nagging you about for the past six months? I mean, how stingy are you, really? Talk is cheap, it's what you do that counts.

[Guest]

Re: I got a bone to pick with you Eric!

JK -

You are being really arcane here.

[touchring]

Re: I got a bone to pick with you Eric!

China and india's driving a lot of the demand, high oil prices (ever increasing), and high commodities prices are also driving Russia, Brazil, Australia and Canada, increasing the demand for capital goods, services, and London properties all over the world.

Unless both of them blows, the UK property crash will be slow motion.

As of today, short of a new war that chokes off oil routes, bird flu pandemic, sun blocking Mount krakatow like eruption, or dinosaur extinction like asteriod hit, there's no reason why China and India's growth will slow significantly, anytime soon. You need to dig harder or maybe seek the soothsayer.

[Guest]

Re: I got a bone to pick with you Eric!

Touchring -

I agree with you on this 100% - and that's the big problem. It is the 1,200 Pound GORILLA in the living room, while the family is gathered, complacently watching a soap opera on the telly on a quiet Sunday evening.

This is a freight train barreling down at humanity, coming down the tracks at 200 MPH. C1ue has posted some hints as to what the problem is, others have too, and the hints are all around us today. Right now, is the quiet spell before it hits.

there's no reason why China and India's growth will slow significantly, anytime soon. You need to dig harder.

[touchring]

Re: I got a bone to pick with you Eric!

This is a freight train barreling down at humanity, coming down the tracks at 200 MPH. C1ue has posted some hints as to what the problem is, others have too, and the hints are all around us today. Right now, is the quiet spell before it hits.

Also, i like to point out while i think there is no decoupling, but it will take a moderate to serious US recession to slow down the train considerably, which from the look of it, is not going to happen anytime soon, not especially when the central banks are printing so much money.

[metalman]

Re: I got a bone to pick with you Eric!

I like the idea of being stuck in a comma,

Maybe that has something to do with that obscure "string theory" that JK mutters about (but he's just wierd).

For the rest of it Mega, I wouldn't be too concerned about not getting a reply from EJ. Just post something cheeky that tweaks iTulip for it's many painfully obvious shortcomings and shrug it off.

There's lot's more good stuff to read around here (that's the paradox!), and BTW, Armageddon doesn't happen overnight you know.

Now when are you going to climb out of your armchair and actually ship me that good-will case of Newcastle Brown English Ale I've been nagging you about for the past six months? I mean, how stingy are you, really? Talk is cheap, it's what you do that counts.

what are you whining about? ask a serious question, get a serious answer. answer to jk's question a good sample. myth of the slow crash (economy) says the economy can crash fast. crash (financial market) is a process not an event says market crashes take time to set up and happen. recession without romance says the recession is off and on and on like japan's debt deflation. i've seen that here since 2001 when i showed up here. maybe if you guys learned how to read you'd be at 21.80% too. bwaha ha ha! (damn i'm extra obnoxious tonight)

[GRG55]

Re: I got a bone to pick with you Eric!

.............and EJ doesn't grace me with an answer to what is an honest question.............. Peter Schiff would!

Peter Schiff would tell you how he was right all along, and nobody is giving him any recognition.

Then he'd go on to tell you how he forecast everything that's happening, and nobody really appreciates him for that.

After which he would remind you how right he was with his predictions, and how its all CNBC's fault nobody remembers that because they've black-listed him for appearing on Fox.

Finally, Schiff would point out how accurate he has been, but nobody ever gives him any credit./.

...I expect this to drag on for years.

Like Peter Schiff?



To be fair he did recogiize early on the insanity around him, understood what the outcome would be, and presumably his clients have done well by that. I give him full credit for that, but I just can't stand his whinging [whining for you Americans]

[Mega]

Re: I got a bone to pick with you Eric!

really? peter's answered you? show me! maybe if you stop trolling and ask a serious question ej will answer you. you told us you got thrown off the bmw forum. how come? trolling there too, were ya?

It was a Porsche BB and i got thrown off after pointing out that £55 K worth of Cayman s wasn't THAT much quicker 30-70 than a good Hot Hatchback!

If i spent £55 K i expect to leave £15K worth of shopping car for dead, like a full blown 911 does or 335i or Audi RS4.....You get the picture.
Mega

[renewable]

Re: I got a bone to pick with you Eric!

China and india's driving a lot of the demand, high oil prices (ever increasing), and high commodities prices are also driving Russia, Brazil, Australia and Canada, increasing the demand for capital goods, services, and London properties all over the world.

Unless both of them blows, the UK property crash will be slow motion.

I don't think the international megarich are much of a factor in the UK property market, unless you're buying a townhouse in Chelsea. Oligarchs aren't in the market for a grotty flat in Hackney or a semi in Scunthorpe. Once prices really start falling, nobody will want to catch a falling knife, be they British, Indian or Chinese.

The UK property bubble is founded on lots of debt hanging around the necks of UK subjects. The credit crunch is taking away the punchbowl, with marginal lenders (NR, Paragon, Kensington, etc.) dropping like files.

In 1983, in his book The Power in the Land, Fred Harrison predicted the 1992 recession in the UK.

Fred Harrison's 18 year cycle has long predicted a 2008 crash in UK property [2005 article]. His book 'Boom Bust: House Prices, Banking and the Depression of 2010' seems remarkably prescient so far; the commercial market in the UK has already turned and the residential market is looking extremely shakey.

My money is on Fred Harrison being right and a UK house price crash starting in 2008 - Mega doesn't have long to wait for this part of his doomsday scenario.

edit: Fred Harrison has recently written an update at the start of November 07: House prices: expect the worst

[Guest]

Re: I got a bone to pick with you Eric!

Lamborghini builds them better Miker. Porsche 911 is 'old hat' compared to the "Murcielago". German sports cars got nothing on Italian sports cars. Nyah Nyah Nyah.

It was a Porsche BB and i got thrown off after pointing out that £55 K worth of Cayman s wasn't THAT much quicker 30-70 than a good Hot Hatchback! If i spent £55 K i expect to leave £15K worth of shopping car for dead, like a full blown 911 does or 335i or Audi RS4.....You get the picture.
Mega

2005_Lamborghini_Murcielago.jpg

[itpfan]

Re: I got a bone to pick with you Eric!

Mega - You've really gone and done it now!

I had you nominated for "BIGGEST DOOMER OF ALL", but looks like they are going to spring a jack-in-the-box on you and name you TROLL! ARRGHH!

What's a doomer to do!!??

Truth hurts and lessons unlearned. Forgive the Biggest Doomer Lukester..;)

Major financial institutions in the US have been lining up to announce write-downs on their sub-prime mortgage exposures. Merrill Lynch wrote down more than $14 billion; Citigroup $11 billion; Goldman Sachs $1.7 billion, Lehman Brothers $1 billion, Morgan Stanley $0.9 billion and Bear Sterns $0.7 billion. And many expect further write downs in coming quarters.

A series of emergency actions by the European Central Bank has injected a further $85bn in liquidity through various mechanisms in the third week of August that highlighted the seriousness of the crisis.

Worse is yet to come! But a Doomer is handicapped to view the market clearly. Sigh.:rolleyes:

[Guest]

Re: I got a bone to pick with you Eric!

You hear that Miker?

OnPoint hints you are not only going to 'get what you wished for' over in the UK, but that when the "flying dung" finally reaches the financial whirring propeller, after much anticipation, it will be flying so thick and fast you'll wish you hadn't hoped for it in the first place!

There's nothing quite like a good old-fashioned economic implosion (complete with pinstriped wanker-bankers throwing themselves despairingly out of office windows in the City presumably) to fill one with renewed zest for life, eh?

Seems Mega-Caligula will have his field day after all. Rejoice!

A series of emergency actions by the European Central Bank has injected a further $85bn in liquidity through various mechanisms in the third week of August that highlighted the seriousness of the crisis. :rolleyes:

[BDAdmin]

Re: I got a bone to pick with you Eric!

You hear that Miker?

OnPoint hints you are not only going to 'get what you wished for' over in the UK, but that when the "flying dung" finally reaches the financial whirring propeller, after much anticipation, it will be flying so thick and fast you'll wish you hadn't hoped for it in the first place!

Non-US banks were hit by the collapse of US sub-prime market, especially British HSBC, the third-largest bank in the world, saw its bad-debt provisions soar to $10.8 billion in 2006 as defaults in its subprime portfolio prompted the first profit warning in the bank’s recent history.