Comments on: Weekend Open Discussion

By: grim

grim — Fri, 20 Jun 2008 21:05:00 +0000

New thread, hold off.

By: Nom Deplume

Nom Deplume — Fri, 20 Jun 2008 21:02:51 +0000

[345] Patient,

Let’s not forget South Philthy, particularly Gray’s Ferry and that garden spot, Point Breeze.

By: Nom Deplume

Nom Deplume — Fri, 20 Jun 2008 21:00:48 +0000

[353] John,

Thanks for pointing that out. Going to buy more of the closed end NJ bond funds I had been buying although they are not off much more today (selling at serious discount to NAV). Right now tax-equiv yield is around 7.5; that might go north of 8.0 if Obama gets his way.

BTW, did you see that Obama’s largest investment is in muni funds, and he passed up a deferral opportunity available to him (don’t recall exactly what) to recognize income in this year? Think he knows where taxes are going???

By: bairen

bairen — Fri, 20 Jun 2008 20:57:51 +0000

#206 WTF are those realtors talking about?

Maybe by stable and orderly they mean a 1% drop in asking every month since 4/07 instead of a 30% plunge?

I don’t follow “The Hills” in Basking Ridge and Bedminster, but I would say every month the prices in Somerset Hills drop at least 1% from the previous month.

I guess the thousands of people being transferred by Verizon didn’t create the right kind of bubble.

By: John

John — Fri, 20 Jun 2008 20:54:56 +0000

Well I bought some 5% NY Go bonds today and 9.3% two year Soveign bank bonds today. So if the world does not end in 24 months I should do ok.

By: BC Bob

BC Bob — Fri, 20 Jun 2008 20:36:27 +0000

patient [347],

The Bronx Zoo has been replaced by the Queen’s Zoo.

By: BC Bob

BC Bob — Fri, 20 Jun 2008 20:34:17 +0000

“15% GM Bonds – What is this the Great Depression?”

John,

You’re on the right track. Welcome to the next bubble; the crack up bubble.

By: bi

bi — Fri, 20 Jun 2008 20:32:53 +0000

there is no surprise that a lot of middle east money flows to obama campaign……

“But Obama appears to have collected the most funds from overseas, at least $1.6 million, according to Federal Election Commission records. (McCain raised $196,000 from donors living abroad, the records show.) While McCain’s contributions are centered largely in London, with a handful from Bermuda, the Obama funds have come from addresses as eclectic as Kabul, Dubai, Palermo, and Sydney.”

http://blog.washingtonpost.com/the-trail/2008/06/10/obama_campaign_plans_fundraise.html

By: 3b

3b — Fri, 20 Jun 2008 20:30:06 +0000

#346 rent:on more traditional mortgage products.

Everything old is new again.

By: njpatient

njpatient — Fri, 20 Jun 2008 20:28:47 +0000

“it is the home of Yankee Stadium, the Bronx Zoo,”

You repeat yourself.

By: RentinginNJ

RentinginNJ — Fri, 20 Jun 2008 20:28:32 +0000

WaMu said it would discontinue all negative amortizing loan product options, in an effort to refocus its lending operations on more traditional mortgage products.

Talk about closing the barn door after all the horses are gone.

By: John

John — Fri, 20 Jun 2008 20:27:35 +0000

Bronx, NY has many distinctions: it is the only borough of New York City on the mainland; 24% of its landmass of 42 square miles is parkland; it has more institutions of higher education than many foreign countries, making it the Borough of Universities; it is the home of Yankee Stadium, the Bronx Zoo, the New York Botanical Garden and the Hall of Fame for Great Americans, among many other cultural institutions and tourist attractions.

By: njpatient

njpatient — Fri, 20 Jun 2008 20:26:06 +0000

332 chi

“North Philly”
….and West Philly

By: njpatient

njpatient — Fri, 20 Jun 2008 20:24:19 +0000

321 chi
I wasn’t, but I like it!

By: spazz

spazz — Fri, 20 Jun 2008 20:23:23 +0000

I thought it was Echelon, not Carnivore that is/was supposed to be the real gov’t nasty surveillance tool?