Left Coast Rick

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    • Tue Dec 2nd 11:19 AM
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      Rating: +1 0
      Commented on:
      A Little Known Fact, And Good News, About This Crisis
      This was hysterical. The real interest comment was the goofiest. Your paying 6%, but 4% of your expense is actually income???--because the real interest rate is 2% therefore the inflation rate must be 4%--- maybe he's never heard of Case-Schiller--we're in the deflationary real estate part of the cycle.
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    • Mon Dec 1st 12:26 PM
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      Rating: +1 0
      Commented on:
      Ben Stein Watch: November 30, 2008
      Mr. Volcker a fine economist??? Sure, if you really want to kill the housing industry, which is almost what he accomplished in the early '80's. Volcker knows about stimulus, like W knows opera.
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    • Thu Nov 20th 11:38 AM
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      Rating: 0 0
      Commented on:
      An Optimum Government Policy to Aid the Financial Crisis
      Might help in, what, two years? Too little, too late.
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    • Thu Sep 25th 13:40 PM
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      Curing the Credit Crisis: A Better Alternative Plan
      Your righteous indignation is appropriate, but ill timed, be patient. We need to restore the liquidity in the system........then we go and get the creeps. Once the new RTC, for lack of a current name, owns the bad assets, the Feds will have a bigger hammer to go after the bad people involved in this. Trust me, it will not go lightly. The FBI investigations of Freddie, Fannie, Lehman and AIG are just the start.
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    • Thu Sep 25th 11:45 AM
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      Curing the Credit Crisis: A Better Alternative Plan
      ABG wants to fix the blame and not the problem--- but he starts with a fundamental assumption that is incorrect-- which is that there are enough healthy banks to survive his prescription for wide-spread "runs" on banks. Virtually all banks are in a liquidity crunch right now-- what used to be liquid assets are not easy to sell today, as virtually every instituition is a seller. Publishing "the list" will only siphon more liquidity out of the system. And then the FDIC must step in. So, if we go w/ ABG's plan, we will still have a bailout, but only after we've created more panic and finally sent the economy into depression.

      There is very little liquidity in today's banking system to handle those kinds of runs. Banks are being required, in the immediate term, to de-leverage, which means they need to reduce lending. The only way to prudently de-leverage is to raise capital through earnings, offerings and as the loans payoff. The Paulson plan, while not perfect, would give banks the time for that to work. By all means, let's not overpay for the assets or allow the greedy executives windfall gains. But restoring liquidity is paramount.
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    • Tue Aug 26th 12:06 PM
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      The Home Sales Blip
      How is the number of six million housing units sitting vacant generated?
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    • Wed Jul 9th 11:38 AM
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      Commented on:
      What If What Economists Taught Us Is Wrong?
      What Flav said, but I'd spell disease correctly...
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    • Thu Jul 3rd 11:10 AM
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      FAS 157: Blackstone and Its Banker Buddies Have It Wrong
      You conclude nothing...it's about management and saavy...wow, big insight...how about analyzing the assertion that FAS 157 is dangerous and defeat it...trouble is the way the regulators and CPA's are interpreting FAS 157 today is over-reactive...btw and it is causing, to a great extent, the absence of liquidity.
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    • Thu Jun 19th 10:40 AM
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      Rating: 0 0
      Commented on:
      10 Notes on Residential Housing
      johndough110 -- so you're telling the truth - ha!
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    • Fri May 30th 11:23 AM
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      Rating: 0 0
      Commented on:
      Different Views on Housing Supply
      Prices need to get back to 2003 levels before we see this thing level out. There is still no significant job creation in California -- the largest demand component for housing. Unless that happens, prices have to fall. Construction costs remain high, interest rates aren't getting lower, it's harder to qualify and it costs more for every day items, like fuel. What's hard to figure here...
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    • Wed Mar 19th 11:17 AM
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      Rating: 0 0
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      Housing: US vs. Japan
      It would be nice if someone would do some real analysis of fundamentals -- perhaps compare US job creation, population and household formation against those same stats of Japan for the same period. This would give great insight into the support or lack therof for US RE prices.

      One might come to a different conclusion and a differnt french word.
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    • Fri Feb 29th 12:14 PM
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      Rating: 0 0
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      Jumbo Mortgage Risk Will Topple the Teetering GSEs
      This article had zero analysis of the risk profile of jumbo loans. The statistics I see show that jumbo loans carry a lower rate of default and lower rate of foreclosure than conventional loans -- resulting largely, it is thought, because these borrowers typically have higher incomes and career stability. Without an analysis like this, conjecture as to the risk to GSE's is just fear-mongering.
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