THE DOT - if this turns orange or red be alert

Thursday, April 15, 2010

Thursday Brainstorming - part 1

1. Perversion of a sharpening housing situation is that the steeply rising forclosures set free spending money on the retail side. around 6 mio not paying mortgages add up to 8 bil of money per month which can be spend otherwise with 25% of all mortgages under water it gets an option with more followers as time passes.
The real perversion is my opinion the negligence DC has shown with banksters paying insane undeserved bonus to themselves after wrecking the world economy. Obama,Bernanke are throwing free profits at them on account of mainstreet as zero interest rates are destroying mainstreets wealth while the very few are getting again richer.
Such circumstances do not help the moral of mainstreet to hold up their end of the deals at all hence a new record in foreclosures is no surprise since the employment situation has not improved at all since those phony numbers are even blown up by temp government hiring.

excerpt

March Foreclosures Surge To Absolute Record, At 369,491, 19% Jump from February

RealtyTrac reports the next catalyst that will surely take the Dow to 12,000 by 9:31 am tomorrow. "Foreclosure filings were reported on 367,056 properties in March, an increase of nearly 19 percent from the previous month, an increase of nearly 8 percent from March 2009 and the highest monthly total since RealtyTrac began issuing its report in January 2005." And people were wondering where consumers get all their money from. Of course, those foreclosed upon have likely figured out ways to continue squatting in their house so they dont have to pay mortgage and rent. Nothing beats living for free in America, especially in a 2,000 sq. foot average home. We can't wait to hear Jamie Dimon's rebuttal on how this data massively misrepresents the optimism that JP Morgan is seeing everywhere, and how the JP Morgan unicorn ranch is about to issue a royal smackdown on those speculative traitors over at RealtyTrac who, unlike JPM, dare to speak the truth.

“Foreclosure activity in the first quarter of 2010 followed a very similar pattern to what we saw in the first quarter of 2009: a shallow trough in January and February followed by a substantial spike in March,” said James J. Saccacio, chief executive officer of RealtyTrac. “One difference, however, is that the increases were more tilted toward the final stage of foreclosure, with REOs increasing 9 percent on a quarterly basis in the first quarter of 2010 compared to a 13 percent quarterly decrease in REOs in the first quarter of 2009.


2. The Israelis called an emergency withdrawal alert from Sinai yesterday - something is going on which is very unusual and one daybefore someone buys tons of SPY puts for April and May which puts me on high alert.
It may sound weird but the eathquake in Tibet with a 7.1 magnitude and the outbreak of the Island volcano at the same day is too much coincidence - something very unusual is going on and the stars carry the potential of quite some trouble later in April.

Perspectives From The West Bank: "Israel Is Definitely Planning A Strike On Iran, Which I'm Told May Happen This Summer"


I can assure you of two things. Israel is definitely planning a strike on Iran, which I’m told may happen this Summer. The country has been having large simulated chemical attack drills, and even my small town has had its own drills (which I’m sure were ordered from above). Number 2 is that I am also hearing that Israel will not attack w/o the OK of the US. Israel needs to fly over Iraq to reach Iran, and it can’t do this w/o US attack codes. I’m not sure what the solution is, but, as someone once said – “a Jew who does not believe in miracles is not a realist.”

Regards,

BJG
Chashmonaim, Israel (West Bank)

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