So with all this idiocy flying around, what are your credentials?

[waggy]

Originally posted by: Aharami

Originally posted by: LegendKiller

Originally posted by: OS

heh, i'm not sure credentials even matter, seeing that wall st is full of MBAs and PHDs and they still blew up the world.

Indeed. However, many spoke out against it and were still overruled.

at what point did they speak out? what did they speak out against?

i seem to recall people calling for something to be done to freedi and fanny back in 01 or 02.

many people were concerned of the speculators also back then.

of course nobody listened since so much money was being made.

 

[LegendKiller]

Originally posted by: Aharami

Originally posted by: LegendKiller

Originally posted by: OS

heh, i'm not sure credentials even matter, seeing that wall st is full of MBAs and PHDs and they still blew up the world.

Indeed. However, many spoke out against it and were still overruled.

at what point did they speak out? what did they speak out against?

I've been railing against it since 2003 when I lived in Miami, telling people that they were not thinking logically by buying into the Miami bubble. Posted a lot on the GotApex forums about it.

Funny, if I go back to GA, a lot of the people who denied it then are still denying it.

 

[sandorski]

I got DSL. Ergo, I am an Expert in Everything!!!



I've watched countless hours of Financial News, other News, Documentaries, Reports, and various books/articles over the years. Not an Expert by any means, but have some grasp on the issues.

 

[DisgruntledVirus]

Originally posted by: kranky
I am a dynamic figure, often seen scaling walls and crushing ice. I have been known to remodel train stations on my lunch breaks, making them more efficient in the area of heat retention. I translate ethnic slurs for Cuban refugees, I write award-winning operas, I manage time efficiently. Occasionally, I tread water for three days in a row.

I woo women with my sensuous and godlike trombone playing, I can pilot bicycles up severe inclines with unflagging speed, and I cook Thirty- Minute Brownies in twenty minutes. I am an expert in stucco, a veteran in love, and an outlaw in Peru.

Using only a hoe and a large glass of water, I once single-handedly defended a small village in the Amazon Basin from a horde of ferocious army ants. I play bluegrass cello, I was scouted by the Mets, I am the subject of numerous documentaries. When I'm bored, I build large suspension bridges in my yard. I enjoy urban hang gliding. On Wednesdays, after school, I repair electrical appliances free of charge.

I am an abstract artist, a concrete analyst, and a ruthless bookie. Critics worldwide swoon over my original line of corduroy evening wear. I don't perspire. I am a private citizen, yet I receive fan mail. I have been caller number nine and have won the weekend passes. Last summer I toured New Jersey with a traveling centrifugal-force demonstration. I bat .400. My deft floral arrangements have earned me fame in international botany circles. Children trust me.

I can hurl tennis rackets at small moving objects with deadly accuracy. I once read Paradise Lost, Moby Dick, and David Copperfield in one day and still had time to refurbish an entire dining room that evening. I know the exact location of every food item in the supermarket. I have performed several covert operations for the CIA. I sleep once a week; when I do sleep, I sleep in a chair. While on vacation in Canada, I successfully
negotiated with a group of terrorists who had seized a small bakery. The laws of physics do not apply to me.

I balance, I weave, I dodge, I frolic, and my bills are all paid. On weekends, to let off steam, I participate in full-contact origami. Years ago I discovered the meaning of life but forgot to write it down. I have made extraordinary four course meals using only a mouli and a toaster oven. I breed prize winning clams. I have won bullfights in San Juan,
cliff-diving competitions in Sri Lanka, and spelling bees at the Kremlin. I have played Hamlet, I have performed open-heart surgery, and I have spoken with Elvis.

(I think WombatWoman originally wrote this, although it usually shows up on the net as a "college admissions essay")

Oh so you're Chuck Norris?

OP I slept at a Holiday Inn Express last night.

 

[Turin39789]

I has no debt. smart enough to wait on a house. wish they would let the market reach it's true level so that home prices are reasonable next summer.

 

[Special K]

Originally posted by: halik

Originally posted by: Yoxxy
Economics Major, Finance Minor, Law Degree, 1/2 way through MSF, CFA Candidate, Married to CPA working in Financial Advisory at a Big Four firm.

I figured as much.

BS Economics & Comp Sci, former Global Investment Research analyst at Goldman, currently Finance Master's candidate @ Michigan

Hooray, another dick-measuring thread.

 

[Regs]

Hooked on Phonics.
FU - you know somebody had to say it, and I figured I'd get it over with.

 

[Ns1]

Full time lifer

 

[Gibson486]

I am EE, but I have taken a finance and economics course. That said, I just barely understand what is going on.

 

[Vehemence]

Champion of Pornography - 1986 to present

 

[AccruedExpenditure]

Int'l Trade Focus @ UC Berkeley, Wrote countless papers on Japan's meltdown in the late 80's and the Asian Financial Crisis. Coursework taught by many renown economic and finance professors including George A. Akerlof, 2001 Nobel Prize winner in Economics. Senior thesis on Impact of China rise on development of other third world nations. Currently own a business, six employees and growing despite slowdown.

Frankly no one in the public is privy to enough information to make an expert assessment of situation. From what read and seen Dodd's toxic bond convertible plan seems to balance taxpayer risk/investment with giving the industry an out for toxic bonds. Paulson's plan appears to be too much of a blank check leaving the taxpayers holding a 700 billion dollar bag of shit if/when the toxic bonds don't recover value.
-AE

 

[freegeeks]

LOL, like credentials mean anything
all these smart overqualified wall st people managed to do the biggest financial screwup in history

 

[ShotgunSteven]

Originally posted by: LegendKiller

Originally posted by: Aharami

Originally posted by: LegendKiller

Originally posted by: OS

heh, i'm not sure credentials even matter, seeing that wall st is full of MBAs and PHDs and they still blew up the world.

Indeed. However, many spoke out against it and were still overruled.

at what point did they speak out? what did they speak out against?

I've been railing against it since 2003 when I lived in Miami, telling people that they were not thinking logically by buying into the Miami bubble. Posted a lot on the GotApex forums about it.

Funny, if I go back to GA, a lot of the people who denied it then are still denying it.

I hear that. There is a thread buried in the archives here where a certain Elite Member swears that housing prices never drop unless there is a huge drop in population. I don't think he has been posting much lately.

 

[yllus]

Wholly Internet-educated on economics here, thus if I speak up on these matters it's mostly to point out really obvious stuff or to post interesting news tidbits I've read in my morning paper.

This should be in P&N so we could get some context on what all the "experts" in that forum area base their opinions on.

 

[manowar821]

It doesn't take a stupid economics major to realize when your economy is in the shitter, much in the same way that it doesn't take a scientist to know the world isn't 6000 years old.

 

[Special K]

Originally posted by: ShotgunSteven

Originally posted by: LegendKiller

Originally posted by: Aharami

Originally posted by: LegendKiller

Originally posted by: OS

heh, i'm not sure credentials even matter, seeing that wall st is full of MBAs and PHDs and they still blew up the world.

Indeed. However, many spoke out against it and were still overruled.

at what point did they speak out? what did they speak out against?

I've been railing against it since 2003 when I lived in Miami, telling people that they were not thinking logically by buying into the Miami bubble. Posted a lot on the GotApex forums about it.

Funny, if I go back to GA, a lot of the people who denied it then are still denying it.

I hear that. There is a thread buried in the archives here where a certain Elite Member swears that housing prices never drop unless there is a huge drop in population. I don't think he has been posting much lately.

link?

 

[JTsyo]

I slept at a Holiday Inn.

 

[Ns1]

Originally posted by: freegeeks
LOL, like credentials mean anything
all these smart overqualified wall st people managed to do the biggest financial screwup in history

greed is a bitch

 

[ShotgunSteven]

Originally posted by: Special K

Originally posted by: ShotgunSteven

Originally posted by: LegendKiller

Originally posted by: Aharami

Originally posted by: LegendKiller

Originally posted by: OS

heh, i'm not sure credentials even matter, seeing that wall st is full of MBAs and PHDs and they still blew up the world.

Indeed. However, many spoke out against it and were still overruled.

at what point did they speak out? what did they speak out against?

I've been railing against it since 2003 when I lived in Miami, telling people that they were not thinking logically by buying into the Miami bubble. Posted a lot on the GotApex forums about it.

Funny, if I go back to GA, a lot of the people who denied it then are still denying it.

I hear that. There is a thread buried in the archives here where a certain Elite Member swears that housing prices never drop unless there is a huge drop in population. I don't think he has been posting much lately.

link?

You will need to set your messages per page to greater than twenty. I have mine set to 100, since it will not let you read beyond the first page of an archived thread.

One of the threads in question, there are more along these lines with similar posts by the same person.

It's going to be a severly limited market correction in small regional areas. Even with the feds continuing to raise the prime rate, mortgage rates are staying low. At some point interest rates will increase and those on interest only loans will probably get slapped but to act as if everyone has an interest only loan is stupid. It's a recent invention and even with 60% of the new mortgages (in cali mind you) on them, those new mortgages aren't going to account for more than a couple percentage of the total market. People still have to live somewhere and even in the huge realestate market correction in hawaii in the 90's prices only went down IIRC 20%.

There is no housing bust, there will be a limited regional correction in prices at best and some people who lose their shirts on interest only loans. The only real "bust" that could happen is if an epedemic wiped out a significant portion of the population and there was suddenly more housing than people.

 

[LegendKiller]

Originally posted by: ShotgunSteven

Originally posted by: Special K

Originally posted by: ShotgunSteven

Originally posted by: LegendKiller

Originally posted by: Aharami

Originally posted by: LegendKiller

Originally posted by: OS

heh, i'm not sure credentials even matter, seeing that wall st is full of MBAs and PHDs and they still blew up the world.

Indeed. However, many spoke out against it and were still overruled.

at what point did they speak out? what did they speak out against?

I've been railing against it since 2003 when I lived in Miami, telling people that they were not thinking logically by buying into the Miami bubble. Posted a lot on the GotApex forums about it.

Funny, if I go back to GA, a lot of the people who denied it then are still denying it.

I hear that. There is a thread buried in the archives here where a certain Elite Member swears that housing prices never drop unless there is a huge drop in population. I don't think he has been posting much lately.

link?

You will need to set your messages per page to greater than twenty. I have mine set to 100, since it will not let you read beyond the first page of an archived thread.

One of the threads in question, there are more along these lines with similar posts by the same person.

It's going to be a severly limited market correction in small regional areas. Even with the feds continuing to raise the prime rate, mortgage rates are staying low. At some point interest rates will increase and those on interest only loans will probably get slapped but to act as if everyone has an interest only loan is stupid. It's a recent invention and even with 60% of the new mortgages (in cali mind you) on them, those new mortgages aren't going to account for more than a couple percentage of the total market. People still have to live somewhere and even in the huge realestate market correction in hawaii in the 90's prices only went down IIRC 20%.

There is no housing bust, there will be a limited regional correction in prices at best and some people who lose their shirts on interest only loans. The only real "bust" that could happen is if an epedemic wiped out a significant portion of the population and there was suddenly more housing than people.

What do ya know, our failed trader said the same thing!? Now we should trust him with his impeccable judgement for the fix?

His vision was limited to the near term, charting, and crystal ball tomfoolery, then, and still is now.

But then again, he makes more than me...

Sure.

 

[ShotgunSteven]

Another one from the same person, from further down in that same thread.

I never said the market won't cool, in fact I said just that, it will be a gentle cooling with likely stagnant prices for a decade. What I said it is not going to be is a market collapse where estate prices drop 20-50% in a year as some in here have gotten their wishfull thinking to believe. In localized markets there could be as much as a 20% drop but even that is at the very far end of what's possible and would take some rather extreme financial moves in the market.

See there are some in this forum that are priced out of purchasing realestate in some markets, particularly california, and as a result they have convinced themselves that if they can't afford it, no one else can so the market is oversold and there will be some dot-boom like crash in housing prices. And that will happen when a million people in california drop dead or terrorists detonate a nuclear bomb in LA. Either way I wouldn't be betting on "the crash".

Another archived thread on the same topic.

He also linked to this article and called it "fuel on the fire," or something along those lines. From the context of the thread, as it was in the same one as those other two posts, I am guessing he meant it was supportive of the ideas behind the notion that there was in fact a nation-wide housing bubble that was going to burst.

 

[miketheidiot]

economics major, polysci/math/history minor, no labor market experience since i'm 15 credits in generals short of graduating still

 

[miketheidiot]

i'm also smarter than all of you and have 7024 posts on an internet forum.

 

[miketheidiot]

and i have 3 supermodel girlfriends and make 8 figures a year

 

[sao123]

I stayed at a holiday inn express last night.
BEAT THAT!