Pigeon Drop Posted February 5, 2005 Report Share Posted February 5, 2005 NY Times Article About 50 other buyers were already in line. Two hours later, a sales agent summoned her and said she had four minutes to decide which unit to buy. She acted fast, offering $350,000 for a two-bedroom, two-bathroom unit. Ms. Umansky thinks she got a bargain; when she called on behalf of a friend less than eight hours later, she was told the asking price on a unit like hers had climbed to $380,000, a nearly 9 percent price increase. average condo prices were up 11.1 percent to $1.29 million, according to Miller Samuel, a New York real estate appraiser. Buyers review floor plans and maps first at a Web site or in a brochure. When they arrive at the sales "event," typically at a hotel or a convention center, they spend five minutes looking at a map and choosing a home before the next buyer moves to the front of the line. Price increases - up to 16 a day- are announced over loudspeakers. None of the naysaying bothers Kathleen Gillman, an interior designer, and her son Patrick, a real estate agent, who bought a $200,000 town house in Orlando at a Transeastern sales event last Saturday. Four months ago Mr. Gillman bought another house nearby, his mother said, adding that it is now worth $50,000 more. Link to comment Share on other sites More sharing options...
Charmin Posted February 5, 2005 Report Share Posted February 5, 2005 so this is the list we have to concentrate on huh http://www.prudenttrader.com/mg630.htm materials and construction Link to comment Share on other sites More sharing options...
Charmin Posted February 5, 2005 Report Share Posted February 5, 2005 Pigeon, isn't that so unreal..... like Bush is worried about keeping Social Security solvent... the upward pressures of speculative inflation will overcome any existing downward pressure on price.... and there are a lot of commodities that need to rally... Link to comment Share on other sites More sharing options...
tradertex Posted February 5, 2005 Report Share Posted February 5, 2005 Can someone let me know where I could buy Iraq Dinars without worrying about authenticity issues ? I know eBay has a lot of people selling Dinars, but I wonder how safe that route would be. Seems reasonable to throw a few bucks in this direction. TIA Link to comment Share on other sites More sharing options...
Charmin Posted February 5, 2005 Report Share Posted February 5, 2005 Can you feel the volume.... of the builders and contractors.. http://www.prudenttrader.com/mg630.htm Yahoo list Link to comment Share on other sites More sharing options...
Brisbane Bear Posted February 5, 2005 Report Share Posted February 5, 2005 the other side of the real estate boom....or when the bubble bursts...or when the music stops... family friends still haven't been able to sell the 6 bedroom house they bought back in late 2003 for $580k....they have dropped the price to $420k and still can't sell it. I saw the house for the first time recently,wasn't sure which one was theirs as there were 5 other houses for sale in the same small cul de sac. The family had shut down their woodworking business and were now selling fruit and veges door to door.They were making $300 a week.The father has now taken on the job of driving a Bob Cat working 12 hour days.He is 63 yrs old and in poor health.These people can't even take a haircut on their property because no-one will buy it. Retail spending has fallen over in OZ,the dominos should start falling in quick succession,the party is well and truly over,the next month or 2 should be more than interesting. Lease signs everywhere,cars for sale everywhere,many well known businesses going broke and retail dead in the water.Oct retail was revised down ,as was Nov and now Dec was way down surprising everyone except me.Jan will be disasterous,then we hit the deathly quiet months of Feb,March and April,before we move into the really quite months of May and June,then we hit the absurdly quiet months of July and August....its going to be quite the spectacle. Link to comment Share on other sites More sharing options...
Guest Posted February 5, 2005 Report Share Posted February 5, 2005 the other side of the real estate boom....or when the bubble bursts...or when the music stops... family friends still haven't been able to sell the 6 bedroom house they bought back in late 2003 for $580k....they have dropped the price to $420k and still can't sell it. I saw the house for the first time recently,wasn't sure which one was theirs as there were 5 other houses for sale in the same small cul de sac. The family had shut down their woodworking business and were now selling fruit and veges door to door.They were making $300 a week.The father has now taken on the job of driving a Bob Cat working 12 hour days.He is 63 yrs old and in poor health.These people can't even take a haircut on their property because no-one will buy it. Retail spending has fallen over in OZ,the dominos should start falling in quick succession,the party is well and truly over,the next month or 2 should be more than interesting. Lease signs everywhere,cars for sale everywhere,many well known businesses going broke and retail dead in the water.Oct retail was revised down ,as was Nov and now Dec was way down surprising everyone except me.Jan will be disasterous,then we hit the deathly quiet months of Feb,March and April,before we move into the really quite months of May and June,then we hit the absurdly quiet months of July and August....its going to be quite the spectacle. <{POST_SNAPBACK}> seems like the stock market there is lagging the economy instead of leading it that's how it was in 1929, right? stock speculation continued after the economy had already broken down but eventually the stock market caught up (or down, actually) Link to comment Share on other sites More sharing options...
FeedFool Posted February 5, 2005 Report Share Posted February 5, 2005 Economy may have nothing to do speculation because after the 1987 stock market and property crash stock continue to go up. Liquidity is the only thing that?s drives the price higher or lower. World liquidity has gone wild, after affects are felt in bond and stock market. Long bond yield has been dropping since 1982 unless that trend is reversed market won?t see new low but may keep heading higher. Link to comment Share on other sites More sharing options...
FeedFool Posted February 5, 2005 Report Share Posted February 5, 2005 One can see how cycles work; Next one is due in April-May. If Bears don?t work hard enough and get the prices down then bear case will be lost just like 1987. It has to be hard down, not with few hundreds points and indicators in over sold Position. Link to comment Share on other sites More sharing options...
FeedFool Posted February 5, 2005 Report Share Posted February 5, 2005 Chart of OZ. the other side of the real estate boom....or when the bubble bursts...or when the music stops... family friends still haven't been able to sell the 6 bedroom house they bought back in late 2003 for $580k....they have dropped the price to $420k and still can't sell it. I saw the house for the first time recently,wasn't sure which one was theirs as there were 5 other houses for sale in the same small cul de sac. The family had shut down their woodworking business and were now selling fruit and veges door to door.They were making $300 a week.The father has now taken on the job of driving a Bob Cat working 12 hour days.He is 63 yrs old and in poor health.These people can't even take a haircut on their property because no-one will buy it. Retail spending has fallen over in OZ,the dominos should start falling in quick succession,the party is well and truly over,the next month or 2 should be more than interesting. Lease signs everywhere,cars for sale everywhere,many well known businesses going broke and retail dead in the water.Oct retail was revised down ,as was Nov and now Dec was way down surprising everyone except me.Jan will be disasterous,then we hit the deathly quiet months of Feb,March and April,before we move into the really quite months of May and June,then we hit the absurdly quiet months of July and August....its going to be quite the spectacle. <{POST_SNAPBACK}> Link to comment Share on other sites More sharing options...
The brown one Posted February 5, 2005 Report Share Posted February 5, 2005 Great charts and comments Feed.Thanks. Link to comment Share on other sites More sharing options...
wndysrf Posted February 5, 2005 Author Report Share Posted February 5, 2005 9:52 U.K. Treasury sees 'breakthrough' at G-7 in debt talks 9:46 U.K. says 'breakthrough' on G-7 debt talks: Sky 9:31 U.S. committed to improving public finances: AFX 9:26 France, Germany, at G-7, back 2-track development plan 9:22 U.S. at G-7 committed to improving public finances: AFX "Major breakthrough" to be announced later today at the G-7 regarding the U.S. Trade and Budget Deficits, and managing currency volatility according to news wires........... Latest G-String Update Link to comment Share on other sites More sharing options...
Drano Posted February 5, 2005 Report Share Posted February 5, 2005 Those were the days..... Christmas 2002Enron Christmas Party Link to comment Share on other sites More sharing options...
Black Prince Posted February 5, 2005 Report Share Posted February 5, 2005 February 1 ? Bloomberg (Le-Min Lim): ?Guangdong, China?s biggest exporting province, faces a shortfall this year of 1 million low-level laborers, who make up three-quarters of the workforce at Hong Kong, Macau and Taiwan-run companies? The shortage will be acute in the Pearl River Delta, a cluster of cities in Guangdong that supplies the world?s toys, shoes and clothes, China?s statistics bureau said?Factories will find it tougher to fill repetitive jobs that pay poorly and offer few benefits? ?Some companies realize that China?s era of endless cheap labor is over,? the statistics bureau said.? Excerpt taken from Mark's Prubear link. If the Chinese workers start getting pay raises kiss the bear case goodby. Link to comment Share on other sites More sharing options...
Black Prince Posted February 5, 2005 Report Share Posted February 5, 2005 I have been looking at monthly charts and the only true bear market is the Nasty. Which as Mark pointed out so wisely was hyperinflated in the run up to Y2K at the expense of the rest of the market. I am beginning to think that the Chinese driving force in th global economy is grossly under estimated. Link to comment Share on other sites More sharing options...
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