4.9% GDP.. Recession immanent..

supercrawfish, you done everything but own up.
My point was that the prob is much less since interest rates came crashing down. You diputed that point to no avail.
Now act your age 29 and not 13. Give us the speal that sells from someone calling for a recession.
 
Topspin said:
supercrawfish, you done everything but own up.
My point was that the prob is much less since interest rates came crashing down. You diputed that point to no avail.
Now act your age 29 and not 13. Give us the speal that sells from someone calling for a recession.
Click to expand...

Wow, such a clever response. You ignore what I wrote and immediately jumped to a strawman. I never said that the probability doesn't change with Fed cuts. But two points....

Interest rates have NOT come "crashing down". Even the 30 year has only come down about 50bps. Which is hardly crashing down. The 5 yr ARM has actually gone UP, not down on average.

You are an economic moron. You really should cease with the feeble attempts. You have yet to address anything that I have written and instead continue to spew forth your childish babblings.

Go look on the last thread where we discussed why I believe we are headed for recession. I am not typing that all over again, just so we can have the same conversation all over again..... because we both know the end result will be the same..... you will finally accept that you are wrong and come crawling to the thread with some bullshit about you "razzing" others and that you were going to try to grow up.
 
dude you are out of your mind
30fixed has come down way more than 50
I could give two shit what a new arm is doing
The resets are on the old ones and if the rate is down .8 than the reset is down around .8:clink:
 
Topspin said:
dude you are out of your mind
30fixed has come down way more than 50
I could give two shit what a new arm is doing
The resets are on the old ones and if the rate is down .8 than the reset is down around .8:clink:
Click to expand...

So essentiall what you are saying is that you are going to ignore everything I have written and continue to post the same bullshit that shows your complete lack of understanding of the mortgage market? Understood. Then I shall discontinue wasting my time trying to help you understand how simplistic and moronic you are being on this topic.
 
your being an ass dude
I said the resets would be much less of a problem than had the fed done nothing. That is hardly saying there is no mortgage problem.
There will be and should be alot of pain.
 
Topspin said:
your being an ass dude
I said the resets would be much less of a problem than had the fed done nothing. That is hardly saying there is no mortgage problem.
There will be and should be alot of pain.
Click to expand...

and I am saying you are an idiot for believing that.

1) The 1, 3 and 5 yr ARMs are ALL averaging more than the 15 year fixed.... does that reflect the fed cuts moron?

2) While NEW ARMs do come down for investment grade borrowers as the fed cuts rates.... OLD ARMS (especially sub prime) do not necessarily move with the Fed. Do you understand the difference between the OLD ARMs and the NEW ones or do I need to spell that out for you too?

3) to state this clearly so that even you, oh master MBA guru teacher, can understand..... The fed cutting rates does not do much to solve the credit crunch. If credit is not issued from the lenders to the sub prime borrowers, then it matters not what the Fed does.
 
Tell you what toppy, I'll save us both a lot of time and just go ahead and post this for you....

12-13-2007, 12:52 PM
Topspin
Junior Member Join Date: Jul 2006
Posts: 3,350



--------------------------------------------------------------------------------

I'm calling a truce. I don't give too fucks what greenie said.
I listen to upbeat and negative economist daily on Kudlow that I think are more in tune than the fossil.
I have called you too many immature names and I know you know economics with the degree and all. I enjoy the fact your on the board with your expertise. You, Dano, Chappy are the only heavy investor business type of people chatting. I appologize for being a childish idiot and playing this game to far.
I'll stick to less than 50% chance and hope I'm right and if you are I hope like usual it's a short shallow recession.
My bad freak, I drug you down to a low level your not used too.
 
I'm sticking with your being an ass on this issue
I watch Kudlow nightly and they constantly say the resets are tied to the fed rates and show charts how the arms related to fed changes.
You want to argue those economist are wrong be my guest.
 
Superfreak said:
and I am saying you are an idiot for believing that.

1) The 1, 3 and 5 yr ARMs are ALL averaging more than the 15 year fixed.... does that reflect the fed cuts moron?

2) While NEW ARMs do come down for investment grade borrowers as the fed cuts rates.... OLD ARMS (especially sub prime) do not necessarily move with the Fed. Do you understand the difference between the OLD ARMs and the NEW ones or do I need to spell that out for you too?

3) to state this clearly so that even you, oh master MBA guru teacher, can understand..... The fed cutting rates does not do much to solve the credit crunch. If credit is not issued from the lenders to the sub prime borrowers, then it matters not what the Fed does.
Click to expand...

im really sweetin wat a madhatter like u has to say rofl
if you didt hat men so much you wouldnt be hatin on the economy
you scare moderates with your madhattering and your recession dooming
i'm here to keep you in line
 
Topspin said:
I'm sticking with your being an ass on this issue
I watch Kudlow nightly and they constantly say the resets are tied to the fed rates and show charts how the arms related to fed changes.
You want to argue those economist are wrong be my guest.
Click to expand...

1) Stick with what you wish top, it will only ensure that you remain clueless on this issue... just keep ignoring and refusing to address any of the reasons I posted that you were wrong.

2) You obviously have no understanding what Kudlow is saying

3) AGAIN, there is a DIFFERENCE between what ARMs are set at for NEW home purchases and what ARMs are set at for resets.... but you are too ignorant to understand this or simply to moronic to admit that you are wrong.

So, please, either address the reasons I gave you and let me know where you think I am wrong or shut the hell up so that you avoid looking more foolish than you already have.
 
Darla said:
im really sweetin wat a madhatter like u has to say rofl
if you didt hat men so much you wouldnt be hatin on the economy
you scare moderates with your madhattering and your recession dooming
i'm here to keep you in line
Click to expand...

You forgot to add in the supercoldcaller chant. That has become one of his favorites.
 
As I've previously mentioned. GDP is not a measure of meaningful economic health, considering much of this activity is done on credit cards.
 
AssHatZombie said:
As I've previously mentioned. GDP is not a measure of meaningful economic health, considering much of this activity is done on credit cards.
Click to expand...

lol you pull something up from 2007? reminds me of what the paid bashers on the stock message boards do.
 
Jully 2007 was the peak of the market. then they eliminated the uptick rules essentially opening the floodgates for short sellers to make money and drive the stock market down.
 
You must log in or register to reply here.
Back
Top