Wednesday, December 31, 2008
Saturday, August 30, 2008
Thursday, August 28, 2008
Full Details of the Search Result
Full Details of the Search Result
house prices are likely to drop by 50%. And even that will only bring them back to fair value
http://www.gusmorino.com/pag3/greatdepression/index.html
house prices are likely to drop by 50%. And even that will only bring them back to fair value
http://www.gusmorino.com/pag3/greatdepression/index.html
Wednesday, August 27, 2008
Google Maps
Google Maps
82 Morse Ave
Dedham, MA 02026
The seller shouldn't pass on the cost of the remolding to the buyer in the shortterm!
82 Morse Ave
Dedham, MA 02026
The seller shouldn't pass on the cost of the remolding to the buyer in the shortterm!
"All the gold that lies beneath the moon,
Or ever did, could never give a moment's rest
To any of these worried souls."
— The Inferno; Canto VII
three "markers" to occur before he turns more bullish on the US economy:
1) The personal savings rate needs to return to the 8% level of the late 1980s and the early 1990s. Last year the savings rate even turned negative for the first time since the 1920s, as people started believing they could retire on the back of soaring asset prices. Now the reverse is happening: saving must rise again from the present 2.5%, so as to store up demand for the next bull market and period of economic expansion, reckons Rosenberg.
2) House prices have to hit bottom. For Rosenberg, this means the inventory-to-sales ratio, which "including total vacant units for sale, plus foreclosed properties", is around 17-months' supply, and should be sliced in half. All that housing stock could still take several quarters to work through.
3) The household balance sheet needs to improve sharply. The ratio of total debt to income, now at record levels, must be reduced. But specifically, the interest coverage ratio , the proportion of household income absorbed by principal and interest payments is currently at a near-record high of 14.1%. It needs to drop to 10.5%. That's the level it fell to in 1992, and 1982, in both cases providing a launch pad for multi-year bull markets and economic expansion. But remember that there's never been a recession with household debts as high as they are right now. So maybe this ratio needs to fall even further.
Perhaps that sums it all up. As Rosenberg puts it, economists base their forecasts on the past, yet we're in uncharted economic territory. New York University professor Nouriel Roubini has said that total credit write-downs in the financial system could reach $2 trillion – we've never seen anything like that before. We certainly don't know how bad the fallout might be on the US economy. That all makes end-recession estimates very open-ended.
Saturday, June 7, 2008
Friday, January 4, 2008
Chatham lookout
The nature of Life and its processes lies for ever outside the ken of the physicist and his instruments.
first light
Is reincarnation a fact?Do we live again?
Is there a grand cycle of Life which knows of no mortality?
Thursday, January 3, 2008
Wednesday, January 2, 2008
Xmas
New beginnings, renewed hope, innocence, renewal awakening,enlightenment,and illumination are gifts and powers of the Spirits of the East.Tuesday, January 1, 2008
day at the beach
You must try to understand the relation of the world to its Creator, and to understand that all that is real is of God.The master of Destiny
In the depths of quiet forest,where the place and beauty of the worldwas an ever-present witness to the majesty of Godhaving fun at the beach
To fight against these evil forces, one must control the individual vibrations just as is done during hynosis.Sunday meeting place in Chatham
Let us, then, no longer be fools, but let us learn to understand the art of living.walking to the boat
The Clairovant can see a radiance surrounding the human head, not to mention that given off by the other mind cenres of the body
Subscribe to:
Posts (Atom)