We are in limbo for a lot of reasons. World markets are always uncertain in election years. - Political uncertainties regarding a change in a country's leadership usually do a little nonsense to the markets for everything, real estate included. The current media circus, and candidates in the tent
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02/12/2008
The news is getting stranger and more comical and just plain wieird these days. *** WARNING *** THE STUFF YOU ARE ABOUT TO READ IS NOT NECESSARILY IN ANY WAY TO BE TAKEN SERIOUSLY! BECAUSE EVERYONE CAN NO LONGER LAUGH AT THEMSELVES IN SUCCESSES OR MISTAKES, AND HAS SKIN SO THIN, YOU CAN MAKE GIF
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02/12/2008
The movement of money in increasingly global markets continues to become more complex when prognostication is directed toward real estate.Why? Because the Fed deals with short term interest rates, with these cuts. Short term rates do not have anything at all to do with mortgage rates.When the Fed
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02/03/2008
In my never scientific Super Bowl Poll, I am interested to know what commerciala you through were the best. Was it content, ContwxtHumorRelevance that guided our decision?Tell me what you thught was the very best commercial this year.
02/03/2008
Here is a list of things than popped on my news ticker. Maybe I shouldn't be reading the news at 4AM, but I went to sleep too early last night, and now I'll have to pay for it all day.Fed Investigates 14 Lenders, but they went unnamed. What's the point of reporting this? Hillary wins FL. Voter ha
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01/29/2008
I have taught some undergrad classes, and must say that part of this is that students run to the regents for failing to do the required work in about 20% of the cases, and perform at barely adequate levels about 40-50% of the time. They whine about haveing to do work, and then complain when they
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01/25/2008
The Fed and the President did something, and the market surged 600 points today. YEAH!!! So how come nobody's jumping up and down?Come on, where is everybody, now that it is time to celebrate? The market stopped sliding. We can all heave a sigh of relief, right?At least all of you folks in Dubai
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01/23/2008
Elderly people are being targeted by a wily bunch of scammers. They are called on the phone by someone who says something like, "Bet you can't guess who this is?". The respondent asnwers back with the name of the relative, and the caller then picks up from there.The tone of the call goes somethin
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01/23/2008
New legislation is currently in Congress that would raise the ceiling again on government-sponsored enterprise (GSE) lending. Since everyone seems to be hooked on acronyms these days, and some of my readers don't deal with the terms we all use routinely, I thought I would follow the style guide a
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12/06/2007
This bill is sponsored by Barney Frank. For once there is some sense to something in Congress.the nuts and bolts of it are that the deficiencies in foreclosures that are typically passed to a foreclosed homeowner in a short sale disappear.Why does this make sense? For one thing, when someone lose
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11/20/2007