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Saturday, July 10, 2010
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17 comments:
This is an interesting strategy... just cut the price every few days until someone buys it.
It is almost like an auction in reverse.
http://www.franklymls.com/FX7285585
Professor piggington recommends
a 10% cut every 30 days
Well they have cut the price basically 10% every 30 days, they are just doing it by cutting the price 1% every 3 days :)
Tough sell, right on Little River Turnpike.
Does anyone know what it means if a house drops the price and then goes under contract at the same time? Why would that happen?
http://franklymls.com/FX7244066
remember the "Brothel", its UC.
80K per bedroom means the girls only have to pay $200/night to
pay it off.
http://franklymls.com/DC7079490
look at the DOM, look t the UC date.
who says the DC market is clearing.
Pat,
I would appreciate you would keep your chauvinistic comments to yourself. I find them quite offensive. How about the "boys" would only have to pay $200 per room. Your comments permeate the evils of society: women as sexual objects. Give me a break. How old are you?
Contrarian-
The recent deflation is from energy prices falling which is very volatile. Core has still been up every month although it is up very little. I agree that deflation is more likely than high inflation, but I think you need to see deflation hit the the core for a while before declaring victory.
Contrarian -- you really dont get it do you? That quote from CRT should be an embarassment to you, yet you bring it up again and again.
Look again at what he said:
"Contrarian disagrees and refuses to accept any answer other than deflation, no matter how much time goes by or how many signs we see to the contrary."
"Time" is the operative word here. Youve been calling for "imminent" and "severe" deflation for what, at least 6 years now? 6 years ago, CPI was at 189. Today its over 218 and still climbing. Thats 6 years of being wrong and counting, and you still are just as committed to deflation as you were then.
Each and every month in this disinflationary invironment, CPI crawls forward, month by month, slowly moving you even farther and farther away from the 189 starting point of when you said deflation was "just around the corner".
Moreover, even if deflation were to start today, it would take years to get back down to that 189 starting point. At this point you are what, a decade older? Thats one decade of sitting there, doing nothing, paralyzed by fear, and no further along than you were 10 years prior.
Thats the enemy for you -- time. Each day as you wake up, you are one day closer to your eventual demise. The rest of us are out there, reading the signs of deflation OR inflation, and acting accordingly. You just sit there, day in and day out, glug glug glugging from the robert prechter fountain of doom while time relentlessly marches on, tic, tic, tic.
After you have thrown away one decade of your life waiting for deflation, how much longer will you wait? We all get about 40 useful investing years in our life. 40 spins of this planet, and then its time to hang it up. How long are you going to continue to say "it just hasnt happened...yet" before you conclude, maybe, just maybe, you were wrong?
dc2
find me a 10 room mansion in Depont and i'll make gay jokes about t.
"contrarian said...
Anon,
Here is your BFF, a week ago in the NYT:
The Dow, which now stands at 9,686.48, is likely to fall well below 1,000 over perhaps five or six years as a grand market cycle comes to an end, he said."
Sounds familiar. Kind of like when he made the same call 21 YEARS AGO!!!
http://www.nytimes.com/1989/02/06/business/market-place-2-theorists-split-on-elliott-wave.html
At the time Prechter was telling people to sell everything and head for the hills, the dow was at 2300. Today, even with the historic crashes we had in 2002 & 2009, its over 10,000.
All the sheeple who listened to him are now 21 years older and the dow is 7,700 points higher than the day he told them the depression was "right around the corner".
What an epic failure of a forecaster. One can only hope that Prechter gives his newsletter subscribers a cyanide capsule so they can end it all rather than suffer through a retirement of abject poverty.
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