shorty Posted May 21, 2007 Report Share Posted May 21, 2007 Housing slump hammers Lowe's In a statement, Lowe's said a difficult U.S. housing market, tough comparisons to hurricane rebuilding efforts and falling lumber prices pressured results. It also said cold and wet weather in April contributed to lower-than-planned sales. Last week, industry leader Home Depot Inc. posted a 30 percent decline in first-quarter profit as its retail store sales fell 4.3 percent. "Honey, when are we going to renovate our kitchen again to increase our property value some more?" "Hah! Forget it!! And you're goin' back to work!!!" Link to comment Share on other sites More sharing options...
shorty Posted May 21, 2007 Report Share Posted May 21, 2007 Mrotgouge borkery pole-axings spread across industry GreenPoint Mrotgouge, a unit of Richmond, Va.-based Capital One, chopped 70 employees. Lending Tree, which funnels loan applications to lenders across the nation, gutted 440 more. And San Rafael mrotgouge borkery Paul Financial hacked 36. Link to comment Share on other sites More sharing options...
LeeWhee Posted May 21, 2007 Report Share Posted May 21, 2007 We've been renting a house for 5+ years, although we just moved again last week. The guy we've been renting from has a very curious history of poor timing when it comes to selling homes. He's a former options trader on the Pacific Coast Stock Exchange. He put his first home up for sale in Sept 1987. The crash was about four weeks later. He put his last home up for sale on Sept 9, 2001. :ph34r: He just told me he's putting his current home up for sale on June 1. :ph34r: Got putz? Link to comment Share on other sites More sharing options...
Bungster Posted May 21, 2007 Report Share Posted May 21, 2007 We've been renting a house for 5+ years, although we just moved again last week. The guy we've been renting from has a very curious history of poor timing when it comes to selling homes. He's a former options trader on the Pacific Coast Stock Exchange. He put his first home up for sale in Sept 1987. The crash was about four weeks later. He put his last home up for sale on Sept 9, 2001. :ph34r: He just told me he's putting his current home up for sale on June 1. :ph34r: Got putz? 582912[/snapback] Sounds like if it wasn't for bad luck he wouldn't have any luck at all... Link to comment Share on other sites More sharing options...
try2win Posted May 21, 2007 Report Share Posted May 21, 2007 Housing slump hammers Lowe'sIn a statement, Lowe's said a difficult U.S. housing market, tough comparisons to hurricane rebuilding efforts and falling lumber prices pressured results. It also said cold and wet weather in April contributed to lower-than-planned sales. Last week, industry leader Home Depot Inc. posted a 30 percent decline in first-quarter profit as its retail store sales fell 4.3 percent. "Honey, when are we going to renovate our kitchen again to increase our property value some more?" "Hah! Forget it!! And you're goin' back to work!!!" 582910[/snapback] i go into lowes and home depot on the weekend and they always seem busy .... lots of people in the garden dept buying up plants and other various lawn gear. its not that bad Link to comment Share on other sites More sharing options...
cwd Posted May 21, 2007 Report Share Posted May 21, 2007 Those Chinese may be a pretty smart bunch..... Step 1: Sell the US a bunch a crap on the cheap creating a buying binge and start stock piling USD receipts Step 2: Use USD received from cheap crap to invest in US Treasuries thus forcing down interest rates and creating a bubble in real estate Step 3: US idiots use "new found wealth" in real estate to buy more Chinese crap thus increasing USD reserves held by Chinese Step 4: After amassing substaintial USD position start purchasing US companies (opps, Conoco deal fails, what to do, what to do???)...Ah, buy US companies indirectly by taking them private via investments through PE company (Blackstone should do)..... Step 5: US Empire declines into oblivion while China assumes the mantle of most powerful nation....probably by, say, 2015 or maybe 2020 NICE...... 582899[/snapback] I don't ever remember hearing that the Chinese were not very cleaver, industrious, and smart people. I just think we did not realize how true it was, especially our leaders, both political and financial. Link to comment Share on other sites More sharing options...
try2win Posted May 21, 2007 Report Share Posted May 21, 2007 Those Chinese may be a pretty smart bunch..... Step 1: Sell the US a bunch a crap on the cheap creating a buying binge and start stock piling USD receipts Step 2: Use USD received from cheap crap to invest in US Treasuries thus forcing down interest rates and creating a bubble in real estate Step 3: US idiots use "new found wealth" in real estate to buy more Chinese crap thus increasing USD reserves held by Chinese Step 4: After amassing substaintial USD position start purchasing US companies (opps, Conoco deal fails, what to do, what to do???)...Ah, buy US companies indirectly by taking them private via investments through PE company (Blackstone should do)..... Step 5: US Empire declines into oblivion while China assumes the mantle of most powerful nation....probably by, say, 2015 or maybe 2020 NICE...... 582899[/snapback] where is the trade ?! Link to comment Share on other sites More sharing options...
try2win Posted May 21, 2007 Report Share Posted May 21, 2007 been a nice ride in this ... so far .... Link to comment Share on other sites More sharing options...
cwd Posted May 21, 2007 Report Share Posted May 21, 2007 Those Chinese may be a pretty smart bunch..... Step 1:? Sell the US a bunch a crap on the cheap creating a buying binge and start stock piling USD receipts Step 2:? Use USD received from cheap crap to invest in US Treasuries thus forcing down interest rates and creating a bubble in real estate Step 3:? US idiots use "new found wealth" in real estate to buy more Chinese crap thus increasing USD reserves held by Chinese Step 4:? After amassing substaintial USD position start purchasing US companies (opps, Conoco deal fails, what to do, what to do???)...Ah, buy US companies indirectly by taking them private via investments through PE company (Blackstone should do)..... Step 5:? US Empire declines into oblivion while China assumes the mantle of most powerful nation....probably by, say, 2015 or maybe 2020 NICE...... 582899[/snapback] Step 4 is apparently starting now, lets see how long it takes for the US to raise protectionist barriers and for Heli Ben to go airborne reducing the chinese to mere bagholders of worthless Ameripeso doolahs. 582902[/snapback] That is the price they were willing to pay to get our manufacturing base , jobs and technology transfered to their country, ot least under their control. Link to comment Share on other sites More sharing options...
cwd Posted May 22, 2007 Report Share Posted May 22, 2007 I bought AAV back around march 21 for the dividend. Since then it has launched. Wish all my trades were like this! 582900[/snapback] Nice trade MD... let me show one of my trades... It seemed like a great trade at the time... Bought and sold and made good coin... Stopped following the stock and... this happened! Ooofaa 582907[/snapback] That is the way I usually do it. Link to comment Share on other sites More sharing options...
shorty Posted May 22, 2007 Report Share Posted May 22, 2007 Housing slump hammers Lowe'sIn a statement, Lowe's said a difficult U.S. housing market, tough comparisons to hurricane rebuilding efforts and falling lumber prices pressured results. It also said cold and wet weather in April contributed to lower-than-planned sales. Last week, industry leader Home Depot Inc. posted a 30 percent decline in first-quarter profit as its retail store sales fell 4.3 percent. "Honey, when are we going to renovate our kitchen again to increase our property value some more?" "Hah! Forget it!!? And you're goin' back to work!!!" 582910[/snapback] i go into lowes and home depot on the weekend and they always seem busy .... lots of people in the garden dept buying up plants and other various lawn gear. its not that bad 582914[/snapback] yeah, they're buyin' pots of flowers and crap to set out front while they bake some fresh cookies in the oven and hire a SWAT team of emergency "stagers" to try an' sucker some first-time lookee-loo-loser on the bottom of the pyramid scheme / food chain into aSSuming their tax and maintenance nightmare negative caSShflow moneypit lie-ability before the Sheriff comes a-knockin' on their front door and sends 'em to aSS-poundin' prison where Bubba'll be knockin' on their back door, because them Ditech caSShout refi's ain't non-reamcourse! Link to comment Share on other sites More sharing options...
shorty Posted May 22, 2007 Report Share Posted May 22, 2007 Nine more termite-infested stucco shanty's to be piled on the Inventory heap! Greedy Foolish Foreclosed SoCal RE Losers March Around With Signs Blaming Others and Making JackaSSes out of Themselves Steve Lanuzo, a 40-year-old medical technician and his wife, a nurse, wiped out their savings in a vain effort to keep up $40,000-a-month payments on their mrotgouges. He said the eight houses they bought as investments and their family home in Temecula are in foreclosure and they and their four children are waiting to be evicted. Hamma time! Link to comment Share on other sites More sharing options...
rdkyote Posted May 22, 2007 Report Share Posted May 22, 2007 Sadek's Ferrari Enzo's up for sale. Some minor fender damage. http://www.ocregister.com/ocregister/money...cle_1701128.php Link to comment Share on other sites More sharing options...
LeeWhee Posted May 22, 2007 Report Share Posted May 22, 2007 Nine more termite-infested stucco shanty's to be piled on the Inventory heap! Greedy Foolish Foreclosed SoCal RE Losers March Around With Signs Blaming Others and Making JackaSSes out of Themselves Steve Lanuzo, a 40-year-old medical technician and his wife, a nurse, wiped out their savings in a vain effort to keep up $40,000-a-month payments on their mrotgouges. He said the eight houses they bought as investments and their family home in Temecula are in foreclosure and they and their four children are waiting to be evicted. Hamma time! 582921[/snapback] Well, at least the job markit's holding up. Link to comment Share on other sites More sharing options...
mmoy Posted May 22, 2007 Report Share Posted May 22, 2007 I just received my Form 5498 for 2006 from my credit union for my IRA. 0 income. Time to move it. Interest rates at zero percent. I think that I opened this in the 1980s with just a little bit of money. Link to comment Share on other sites More sharing options...
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