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The Russian Revolution


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Tzu:

 

Looks like Ducati is going to have a big season......

 

Troy Bayliss blows away the WSB lab time record........

 

"Ducati's Troy Bayliss loves Phillip Island. There is nothing surprising about the fact that he holds the WSB lap record (an all-time best of 1:31.9 seconds prior to today). Testing at Phillip Island this weekend with several other WSB teams, Ducati and Bayliss made quite a statement.

 

Throwing down a lap at 1:31.0 seconds -- nearly a second quicker than the fastest ever -- Bayliss not only destroyed the existing lap record, he demoralized his competition, all of which resided more than one second behind him. A fluke? After all, how can the "tapped out" 999cc Ducati v-twin superbike be that much quicker than the still developing four cylinder machines? Unfortunately for the fluke theorists, it was Bayliss' Ducati teammate with the second quickest time -- a 1:32.1."

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Wonder how far they will push this ETF craze.

 

Now they are coming up with mutual funds that invest in ETF's only to mimic "Fund of Funds"

 

"However, XTF is readying its first mutual funds comprised of ETFs, known as "funds of funds," designed for the retirement market."

 

Link

 

What's next???

 

ETF's that track the favorite HedgeFund Indexes?

 

Or will the HedgeFunds go public first?

 

 

The Fraudster's imagination is limitless and as PT Barnum stated a sucker is born every minute or is it every second.? :lol:

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16 Million plus vacant homes....Is that a lot? :o

 

 

That's not right. The scale is wrong. It's 1.6 million, not 16 million. Where's the chart from?

 

Oops forgot source

 

From Housing Bubble Bust

 

With Data from Census.gov scroll to bottom of page..

 

From my high school math, 16,595 thousands is 16 Million+

 

 

Now, of those, only 2 Mil are for sale.....today.. :ph34r:

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16 Million plus vacant homes....Is that a lot? :o

 

 

That's not right. The scale is wrong. It's 1.6 million, not 16 million. Where's the chart from?

 

Oops forgot source

 

From Housing Bubble Bust

 

With Data from Census.gov scroll to bottom of page..

 

From my high school math, 16,595 thousands is 16 Million+

 

 

The Ministry of Truth wouldn't make a mistake would they? :lol: It could be rounded up to 17 mil. That is a lot of vacant something. <_<

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OK, that's total vacant housing units, which includes rentals. I was confused because I knew that could not be the number of owner occ type vacancy.

 

The key number in this data is the 1.935 million vacant for sale units as of Q3 2006, and the trend.

 

Q3 2004 1.321M

Q3 2005 1.481M

Q3 2006 1.935M

 

46% increase in two years. In sports parlance--Wait till this year!

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16 Million plus vacant homes....Is that a lot? :o

 

 

That's not right. The scale is wrong. It's 1.6 million, not 16 million. Where's the chart from?

 

Oops forgot source

 

From Housing Bubble Bust

 

With Data from Census.gov scroll to bottom of page..

 

From my high school math, 16,595 thousands is 16 Million+

 

 

Now, of those, only 2 Mil are for sale.....today.. :ph34r:

 

 

From another MOT study as in Ministry of Truth

 

Table 4. Estimates of the Total Housing Inventory for the

United States: Third Quarter 2005 and 2006

 

(Estimates are in thousands and may not add to total, due to rounding)

 

 

Third Third 90-Percent

quarter quarter Confidence Interval(+) 2006

Type 2005 2006 of 2006 of Percent

estimate estimate estimate difference of total

 

All housing units................. 124,119 126,225 (X) (X) 100

 

Occupied........................ 108,431 109,629 317 288 87

Owner occupied................ 74,588 75,646 628 430 60

Renter occupied............... 33,843 33,984 537 415 27

 

Vacant.......................... 15,688 16,595 359 316 13

 

http://www.census.gov/hhes/www/housing/hvs...6/q306tab4.html

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Another Bubblescammer Bites the Dust

 

Tempe-based Clear Choice Financial Inc. announced Friday that it is insolvent, in default on several obligations and has pole-axed 120 of its 150 workers nationwide.

 

The conpany also announced that it shut down its mrotgouge-shystering subsidiary, Bay Capital.

 

Yup, 10 and counting....

 

Mortgage Lender Implode-O-Meter

 

Edit: Link fixed

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New commodity ETF's launched on Friday:

 

 

PowerShares DB Agriculture Fund (DBA)

PowerShares DB Base Metals Fund (DBB)

PowerShares DB Energy Fund (DBE)

PowerShares DB Precious Metals Fund (DBP)

PowerShares DB Oil Fund (DBO)

PowerShares DB Silver Fund (DBS)

PowerShares DB Gold Fund (DGL)

 

 

 

Other "inverse" commodity ETF's are coming next month from DB, so you can short commodities in your IRA account.

 

DBA is 25% corn, soybeans, wheat and sugar. The etf bonered 8% on Friday and corn was limit up.

 

FWIW, Jimbo Rogers sez that "soft commodes" are the next bubble.

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Wonder how far they will push this ETF craze.

 

Now they are coming up with mutual funds that invest in ETF's only to mimic "Fund of Funds"

 

"However, XTF is readying its first mutual funds comprised of ETFs, known as "funds of funds," designed for the retirement market."

 

Link

 

What's next???

 

ETF's that track the favorite HedgeFund Indexes?

 

Or will the HedgeFunds go public first?

 

One thing no one talks about is how "safe" are all these ETFs?

 

Not every ETF is managed by a big finagler. Some are pretty small-time.

 

Buying an ETF is supposedly the same as buying a basket of stocks or a mutual fraud. But who really knows what the folks running these ETFs are actually doing with the inflows? They might be spending the dough on hookers and Vegas penthouses.

 

Imagine most of them are on the up and up. But I think there is a nearly 100% likelihood that some ETF or other is going to be exposed as a fraud sometime down the road. That could put a chilling effect on the madcap growth of the ETFs for a while, at least.

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