tag:blogger.com,1999:blog-1207581886255094115.post8249936642453279074..comments2024-02-26T05:51:17.859-05:00Comments on Economic Disconnect: Housing, Jobs, and the Stock Market Agree to DisagreeEconomicDisconnecthttp://www.blogger.com/profile/02802078645713106743noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-1207581886255094115.post-37351188949568503682010-02-04T23:09:03.582-05:002010-02-04T23:09:03.582-05:00Hey, looking forward to your take on gold. : DHey, looking forward to your take on gold. : DDave Narbyhttps://www.blogger.com/profile/10773693145577366704noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-43346208507267057232010-02-04T14:28:08.716-05:002010-02-04T14:28:08.716-05:00>At some point, something is going to matter!
...>At some point, something is going to matter!<br /><br />We haven't lived in that world for some time. Imagine such a crazy concept. Things mattering.sedentary statenoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-17156031267215134012010-02-04T12:11:59.692-05:002010-02-04T12:11:59.692-05:00It's none of my business GYSC, but about the W...It's none of my business GYSC, but about the Whirlpool info you were wanting, is it to follow the housing boom to bust for the last ten years?<br /><br /><br />It's 11:04 AM CST as I write this and I noticed the market has dropped about 200 pts and once again PM's have nose dived.<br /><br />Ag at $15.47<br /><br />I wasn't for sure if you were going to ask for the reader's prognostications on the big game this weekend or not but here is mine:<br /><br />Saints 27 Colts 24watchtowernoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-21618022287269987292010-02-04T09:13:21.884-05:002010-02-04T09:13:21.884-05:00By the way, GYC, here is an article for SI.com by ...By the way, GYC, here is an article for SI.com by Don Banks, one of my favorite NFL analysts. It's about the Saints defense.<br /><br />http://sportsillustrated.cnn.com/2010/writers/don_banks/02/03/saints/index.html<br /><br />Defense wins championships. Offense wins games. While it is true that the championship is a game, not every game is the championship. Ultimately, it comes down to this. The better prepared, more focussed team will win.<br /><br />The closer we get to the Super Bowl, the more I like the Saints' chances. They've got attitude. They've got an offense that can score points, and a defense that can take the ball away.<br /><br />But Manning really is very good. And the Colts are there for a reason. So it's going to be a game.<br /><br />The obvious way to beat Indianapolis is to take the receivers out. Then New Orleans has more than a fighting chance.<br /><br />This could be the most watched Super Bowl in history.GawainsGhosthttps://www.blogger.com/profile/16719480047404817864noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-29370465093344269682010-02-03T23:07:28.682-05:002010-02-03T23:07:28.682-05:00All I wanted to do was to get the revenue numbers ...<i>All I wanted to do was to get the revenue numbers for Whirlpool Corporation (WHR) and check them over time. This proved to be nearly impossible in a reasonable time frame! I do not want earnings per share (useless indicator to me) or anything else, just revenues for the time frame of 2000-2009.</i><br /><br />For what it is worth, that's sort of the mindset I had when picking individual stocks in the past. It worked well. I love looking at 10 year revenue numbers.<br /><br />I'd get the Standard & Poors 500 Guide each year and plow through all 500 companies in it looking for revenue and income growth over the previous 10 years.<br /><br />I'd then pare down the list using a kindergarten mindset filter to the companies to find something of value (i.e., cheap). In other words, I had to both know the company and not cringe. Seriously. (I'd heard that kindergartners actually outperformed the professionals much like a dart board, so heck, why not!)<br /><br />You could start there perhaps. Any large bookstore probably has them. Just a thought. The books are fairly cheap and provide a wealth of information. If nothing else, going through a page at a time should give you at least one "Aha" moment.<br /><br />http://www.amazon.com/Standard-Poors-500-Guide-2010/dp/0071703365/ref=sr_1_1?ie=UTF8&s=books&qid=1265256354&sr=8-1Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-75738953917347174472010-02-03T21:10:04.397-05:002010-02-03T21:10:04.397-05:00Gawains,
I think the built in lower price after ai...Gawains,<br />I think the built in lower price after aid ends is being ignored; not a huge deal if you have capital and buy a cash flow positive property, but not good for owners looking to "move up" fast.<br /><br />Sonic,<br />Nice to see you. There is always something going on someplace!EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-2859584450078671362010-02-03T20:34:18.997-05:002010-02-03T20:34:18.997-05:00Wow--and here I was thinking nothin' happened ...Wow--and here I was thinking nothin' happened today. Thanks for the rundown!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-66913075234869899702010-02-03T20:27:57.889-05:002010-02-03T20:27:57.889-05:00Well, as far as the housing market goes, yeah, I t...Well, as far as the housing market goes, yeah, I think it's going to get ugly. It's not just shadow inventory--which is REOs (bank lingo for Real Estate Owned or repos) that are not yet listed for sale--or increasing foreclosures, or people walking away (which in a recourse state could be disastrous), it's also overbuilding. There's simply too much inventory on the market for prices not to decline.<br /><br />As I mentioned a couple of days ago, FHA is changing its lending standards to require 5% down and limit seller's contribution to buyer's closing to 3%. Fannie offers special financing (3% down) on some of its homes. Freddie offered a 2-year warranty, but that expired at the end of last month. However, the tax deduction for first-time homebuyers is set to expire in April, right before the seasonal peak in sales (most people like to move in the summer), so I have no doubt that will be extended.<br /><br />Regardless, lending is tightening at the same time inventory is expanding. For traditional homeowners, this is not the time to try to sell a house.<br /><br />But for investors and/or speculators, it's a good time to buy a house. If you have the capital, that is. It will be an even better time a few months from now.<br /><br />The problem is employment. People who do not have jobs cannot make payments, much less buy a house. This is a mess of cataclysmic proportions.<br /><br />As prices fall, tax revenues fall with them. And with overly generous and underfunded public pensions, numerous cities, counties and states are on the verge of bankruptcy. Hell, the entire federal government is on the verge of bankruptcy. None of this is going to end well.<br /><br />But it was fun while it lasted, right?GawainsGhosthttps://www.blogger.com/profile/16719480047404817864noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-77190225616247898322010-02-03T20:12:33.688-05:002010-02-03T20:12:33.688-05:00Anon,
If you can I would be eternally grateful and...Anon,<br />If you can I would be eternally grateful and would give a shout out!EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-33921077156888924282010-02-03T20:04:08.300-05:002010-02-03T20:04:08.300-05:00I can probably get those revenue numbers on WHR to...I can probably get those revenue numbers on WHR tomorrow at work...Anonymousnoreply@blogger.com