O the joke man

[Watchtower76]

Sad part about the walkaway or "strategic defaults!!" is whatever happened to the notion of a contract/mortgage? Just b/c you are underwater, you get to f#$% everyone over? Most people are underwater b/c t hey either yanked cash out of their overinflated house value or they bought at the top of the market. So what happenes to the money those people stole and not paying back? And if you bought high, oh well. No one had a gun to your head to buy. If you buy a gallon of milk today for $3 and it goes on sale next month for $2.50, oh well. Are their people hurting b/c of higher unemployment; of course. But being late on payments and being underwater are 2 different things. After the sugar high of 8k and 6500 wears off, watch housing numbers.

i will laugh and listen to people not understand why people aren't buying.....

[husker]

then there is all the houses that have been foreclosed on but are being held off the market. wait until they hit the market.

[vitterd]

typical vitturd.

Have u shared your" obama is unelectable" post over here... u get exposed as a fraud everywhere but you continually show up... please tell u have finally stopped sponging off your wife and got a job... please.... the vitturd comment most have come from your 5 yr old... real 1st grade stuff... very weak

[vitterd]

You believe everything you see on TV???

ok.. so every camera shows a middle aged white guy changing shirts and hanging around the vehicle... he is named a person of interest by authorities and every network shows the guy in question... yeah why would anyone take that seriously.... moron

[vitterd]

then there is all the houses that have been foreclosed on but are being held off the market. wait until they hit the market.

all your previous post for the last 2 years have been dead wrong... you have said.. wait for this... and wait for that... and none of it ever happens.... dont u remember the list of wrong predictions at the other site u are banned from? ... remember how everything u said the complete opposite happened? remember how u would never answer a question anybody would ask u? you would just throw out your glenn beck statements and moronic talking points

dont let this be another site where u never answer for your lies and completely wrong statements... try to turn the corner and tell the truth

[husker]

i thought the name calling wasn't going to be tolerated any more?

[vitterd]

i thought the name calling wasn't going to be tolerated any more?

lmao... u are the kind of guy that told in school werent u? i guess turd isnt name calling... nice try though

[KazDog]

still haven't answered Kaz....this strategic defaults have nothing to do with bush, this is all on obama's admin here....the funny part is that the avg. joe is smarter then obama thinks and here is proof, but remember things are good....BS if they are, open your eyes, and lets see how the housing market is after another waste of $8k free housing start up program that they FAILED to prop up the market on.....open your eyes...

Fund My Mutual Fund: Strategic Defaults in Q1 2010 Rise to One Third of All Foreclosures vs One Fifth a Year Ago

You post a link from some guy named TraderMark who makes a post on that site and links to his own stories about how accurate he is? Haha! Like he's even remotely fucking reputable? Who the hell is he? Reading advice from a trader who may or may not have any money at stake? LMAO. Try posting a link from a reputable source. Not a douchebag named TraderMark.

And I'm still waiting for you to compare percent increases. This admin against the last admin. Avoiding that I guess.

Funny you were never around when your boy got us into all this fucking mess. How did we get here? And slowly but surely we are getting out of the fucking abortion Bush left this country in. No word from you about the wars, tax cuts, oil prices, all bankrupting this country?

Oh, but according to you and TraderMark, we're headed for catastrophe. Guess we'll just keep waiting for that to happen. Just like all of you trolls said it would when this administration announced the stimulus package. Remember how it was going to drive the economy into the ground? Remember?

Funny how personal spending has climbed for 6 straight months. How is that? Explain that wont you? The economy is terrible. The most important economy indicator, the GDP, has risen for 3 straight quarters now. How is that? Explain that as well. Oh, but according to Watchtower, those numbers are skewed. Yeah, quarter after quarter they are skewed. Keep worshiping TraderMark, that seems to be working for you. Thankfully he's just one little blogger in a sewer of useless information.

GDP Rose At 3.2% Rate In First Quarter; Third Straight Increase - The Two-Way - Breaking News, Analysis Blog : NPR

Spending climbs 0.6% in April - May. 3, 2010

[KazDog]

i thought the name calling wasn't going to be tolerated any more?

typical vitturd.

Yeah it's not. Didn't learn anything from the last time I see....

[PhilJr]

Personal spending rose for the sixth month in a row during March, while income also increased, according to government data released Monday.

The Commerce Department said individual spending rose 0.6%, or $36 billion, last month after an upwardly revised 0.5% increase in February.

Personal income climbed 0.3%, or $32.3 billion, in April following a 0.1% rise the month before.

I got to believe the people spending the money are the ones that are working and making the money...

[vitterd]

Personal spending rose for the sixth month in a row during March, while income also increased, according to government data released Monday.

The Commerce Department said individual spending rose 0.6%, or $36 billion, last month after an upwardly revised 0.5% increase in February.

Personal income climbed 0.3%, or $32.3 billion, in April following a 0.1% rise the month before.

I got to believe the people spending the money are the ones that are working and making the money...

shhhhh.. that doesnt fit the right wings daily claims that the world is ending

[PhilJr]

shhhhh.. that doesnt fit the right wings daily claims that the world is ending

So is it those damn rich people spending all the money that caused the personal spending to go up??? Personal income went up too. Bastards probably gave themselves raises and bonuses...

[Watchtower76]

shhhhh.. that doesnt fit the right wings daily claims that the world is ending

really dig more into it, please....oh here you go...think about how spending is up, no one IS PAYING THERE BILLS

Even with consumers defaulting "strategically" on their mortgages left and right (with planned defaults accounting for 31% of foreclosures in Q1), and thus not having to incur almost any housing-related expenses (courtesy of the Treserve for making it all too obvious that nobody is expected to pay anything they owe ever again), the savings rate still declined by 10% in March, from over 3% to 2.7% of Disposable Income, as Personal Spending (+0.6%) outstripped Personal Incomes (+0.3%), and of this 0.3% increase, 70% was made up of a pick up in transfer payments! At this point we are fairly certain that US consumers are finally mimicking the administration and the financial sector in not caring if they ever get to pay another bill. That, and the government is directly funding the broader population's latest Apple product fix. It sure isn't due to increasing wages, for the simple reason that wages have not increased in years. And whereas in other nations the savings rate is materially higher due to the lack of such "we'll save it for you" entities as Social Security and Medicare, we now know that SSN is virtually bankrupt as we speak, with "cash out" now greater than "cash in." Yet instead of saving for their retirement, Americans are buying, buying, buying. One would think that based on this data real unemployment was lower than 16.9%. It isn't. The government's and the financial sector's methadone clinic has now moved to the suburbs. That this is yet another stimulus high that will ultimately fizzle, because that's what all one-time stimulus programs do by definition: they end, is clear. It is also now clear that the government has no idea what to do when the trickle down benefits from the drunken spending orgy do in fact end.

Some observations from Goldman on PE and PI:

1. Consumer spending posted a large increase in March - 0.6% in nominal terms, 0.5% in real terms - as the return of more normal weather patterns and the early timing of Easter both helped. As a result, the level of spending in March was almost ½% above its first-quarter average. However, we expect to see some payback for the weather and Easter effects in the data for April; today's vehicle sales and Thursday's chain store reports will help determine whether that occurred.

2. Income was better than we expected, as setbacks in dividends were smaller and interest income edged up. Compensation figures were also slightly better, and transfer payments remained quite strong, accounting for almost 70% of the net increase in personal income. Despite the gain, the personal saving rate continued to move down in March, to 2.7% of disposable income.

3. The core index of prices for personal consumption expenditure (core PCE index) rose a bit less than we anticipated, confirming the disinflationary trend in these data. Over the past year, this index has risen only 1.3%.

[Watchtower76]

You post a link from some guy named TraderMark who makes a post on that site and links to his own stories about how accurate he is? Haha! Like he's even remotely fucking reputable? Who the hell is he? Reading advice from a trader who may or may not have any money at stake? LMAO. Try posting a link from a reputable source. Not a douchebag named TraderMark.

And I'm still waiting for you to compare percent increases. This admin against the last admin. Avoiding that I guess.

Funny you were never around when your boy got us into all this fucking mess. How did we get here? And slowly but surely we are getting out of the fucking abortion Bush left this country in. No word from you about the wars, tax cuts, oil prices, all bankrupting this country?

Oh, but according to you and TraderMark, we're headed for catastrophe. Guess we'll just keep waiting for that to happen. Just like all of you trolls said it would when this administration announced the stimulus package. Remember how it was going to drive the economy into the ground? Remember?

Funny how personal spending has climbed for 6 straight months. How is that? Explain that wont you? The economy is terrible. The most important economy indicator, the GDP, has risen for 3 straight quarters now. How is that? Explain that as well. Oh, but according to Watchtower, those numbers are skewed. Yeah, quarter after quarter they are skewed. Keep worshiping TraderMark, that seems to be working for you. Thankfully he's just one little blogger in a sewer of useless information.

GDP Rose At 3.2% Rate In First Quarter; Third Straight Increase - The Two-Way - Breaking News, Analysis Blog : NPR

Spending climbs 0.6% in April - May. 3, 2010

don't pay your morgage and it will be amazing how much money you have in the bank....

name what part Mark was skewed?

[Watchtower76]

You post a link from some guy named TraderMark who makes a post on that site and links to his own stories about how accurate he is? Haha! Like he's even remotely fucking reputable? Who the hell is he? Reading advice from a trader who may or may not have any money at stake? LMAO. Try posting a link from a reputable source. Not a douchebag named TraderMark.

And I'm still waiting for you to compare percent increases. This admin against the last admin. Avoiding that I guess.

Funny you were never around when your boy got us into all this fucking mess. How did we get here? And slowly but surely we are getting out of the fucking abortion Bush left this country in. No word from you about the wars, tax cuts, oil prices, all bankrupting this country?

Oh, but according to you and TraderMark, we're headed for catastrophe. Guess we'll just keep waiting for that to happen. Just like all of you trolls said it would when this administration announced the stimulus package. Remember how it was going to drive the economy into the ground? Remember?

Funny how personal spending has climbed for 6 straight months. How is that? Explain that wont you? The economy is terrible. The most important economy indicator, the GDP, has risen for 3 straight quarters now. How is that? Explain that as well. Oh, but according to Watchtower, those numbers are skewed. Yeah, quarter after quarter they are skewed. Keep worshiping TraderMark, that seems to be working for you. Thankfully he's just one little blogger in a sewer of useless information.

GDP Rose At 3.2% Rate In First Quarter; Third Straight Increase - The Two-Way - Breaking News, Analysis Blog : NPR

Spending climbs 0.6% in April - May. 3, 2010

OH KAZ....tradermark is the idiot, humm....maybe u should tell 60Minutes they are idiots as well, since they are doing a part tonight about what we said 1 week ago...Open your eyes...and spending climbs, no shit, maybe if i didn't pay for my morgage and car payments my spending habits would increase as well. keep drinking your kool aid and watch CNBC cuz they are always right, just like the fat finger that brought the stock market down 1000 pnts, yep fat finger i almost 1% believe in that...