Comments on: Subprime Crisis is Not an Isolated Event says Bill Gross http://tradermike.net/2007/06/subprime_crisis_is_not_an_isolated_event_says_bill_gross/ Trading, Stocks, Stock Market, Money Mangement & Risk Management Fri, 21 Nov 2008 12:20:27 +0000 http://wordpress.org/?v=2.6.3 By: Capitalgain http://tradermike.net/2007/06/subprime_crisis_is_not_an_isolated_event_says_bill_gross/#comment-7996 Capitalgain Wed, 27 Jun 2007 05:13:37 +0000 http://tradermike.net/2007/06/subprime_crisis_is_not_an_isolated_event_says_bill_gross/#comment-7996 C'mon O'Connor, Bondo Billy is simply executing a time tested and tired old tactic of being snide, glib - and wrong. When thet're getting the snot beat out of them, certain character-types always take the low road and show their true colors. Being right is far less important than simply sounding convincing to those guys - that's where the money is. C’mon O’Connor, Bondo Billy is simply executing a time tested and tired old tactic of being snide, glib - and wrong. When thet’re getting the snot beat out of them, certain character-types always take the low road and show their true colors.

Being right is far less important than simply sounding convincing to those guys - that’s where the money is.

]]> By: Mike O'Connor http://tradermike.net/2007/06/subprime_crisis_is_not_an_isolated_event_says_bill_gross/#comment-7995 Mike O'Connor Wed, 27 Jun 2007 03:49:39 +0000 http://tradermike.net/2007/06/subprime_crisis_is_not_an_isolated_event_says_bill_gross/#comment-7995 Call me old fashioned--- call me old, for short--- but I find it highly inappropriate for the Managing Director of trillions of dollars of other peoples' money to refer to the Chairman of the US Federal Reserve System as "Ben", rather than as "Mr. Bernanke".:-? And I would not place a dime of my own moola with any clown in such a position who thought it appropriate to so much as mention Paris Hilton in a sentence.:-w Call me old fashioned— call me old, for short— but I find it highly inappropriate for the Managing Director of trillions of dollars of other peoples’ money to refer to the Chairman of the US Federal Reserve System as “Ben”, rather than as “Mr. Bernanke”.:-?

And I would not place a dime of my own moola with any clown in such a position who thought it appropriate to so much as mention Paris Hilton in a sentence.:-w

]]> By: Capitalgain http://tradermike.net/2007/06/subprime_crisis_is_not_an_isolated_event_says_bill_gross/#comment-7992 Capitalgain Tue, 26 Jun 2007 23:51:41 +0000 http://tradermike.net/2007/06/subprime_crisis_is_not_an_isolated_event_says_bill_gross/#comment-7992 Bondo Billy does have a flair for hyperbole, doesn't he? Too bad the actual numbers are not working in his favor. If you look over the last two years—2005, 2006—over that two year period there were 16 million mortgages issued for both new and existing homes. Of that amount, only 20 percent of those were subprime, which means 3.2 million subprime mortgages in its peak. There's 114 million mortgages outstanding. Even if every single one went into default, which we know that isn't going to happen, that's 2 percent of the overall outstanding mortgages. Contagion or scared permabear hype? Bondo Billy does have a flair for hyperbole, doesn’t he? Too bad the actual numbers are not working in his favor.

If you look over the last two years—2005, 2006—over that two year period there were 16 million mortgages issued for both new and existing homes. Of that amount, only 20 percent of those were subprime, which means 3.2 million subprime mortgages in its peak. There’s 114 million mortgages outstanding. Even if every single one went into default, which we know that isn’t going to happen, that’s 2 percent of the overall outstanding mortgages.

Contagion or scared permabear hype?

]]> By: Capitalgain http://tradermike.net/2007/06/subprime_crisis_is_not_an_isolated_event_says_bill_gross/#comment-7990 Capitalgain Tue, 26 Jun 2007 23:36:07 +0000 http://tradermike.net/2007/06/subprime_crisis_is_not_an_isolated_event_says_bill_gross/#comment-7990 Bondo Gross? The Bondo Gross who's been talking about Grapes of Wrath, soup kitchens, tobacco road, brother can you spare a dime, zimbabwe style inflation, 1929, and dot bomb...all while eating the market's dust the past 3 years? That's the Gross you're talking about? Bondo Gross?

The Bondo Gross who’s been talking about Grapes of Wrath, soup kitchens, tobacco road, brother can you spare a dime, zimbabwe style inflation, 1929, and dot bomb…all while eating the market’s dust the past 3 years?

That’s the Gross you’re talking about?

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