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Meredith Whitney says residential RE will continue to go down.

Started by apt23
about 16 years ago
Posts: 2041
Member since: Jul 2009
Discussion about
The Fannie/Freddie argument seems sound. However, can anyone tell me whether the pundits who talk about the coming commercial RE crisis, include the large developers of residential real estate in their generalizations? If so, it seems to me you can't talk about the commercial crisis w/o mentioning the effect on residential RE in cities if developers can't service the debt.
Response by apt23
about 16 years ago
Posts: 2041
Member since: Jul 2009

sorry the web site: http://www.cnbc.com/id/33972133

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Response by w67thstreet
about 16 years ago
Posts: 9003
Member since: Dec 2008

Meredith!, what a funny name.. almost as funny as w67th.... therez a kid named Aslan in my son's class... for the first 3 month, i thought it was spelled Asslan, an "ass land" I kept saying to my wife....

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Response by Riversider
about 16 years ago
Posts: 13572
Member since: Apr 2009

we're a year from the market bottoming(regardless of the level)

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Response by evnyc
about 16 years ago
Posts: 1844
Member since: Aug 2008

""I don't know what's going on in the market right now because it makes no sense to me," she said."

Well, that makes two of us.

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Response by falcogold1
about 16 years ago
Posts: 4159
Member since: Sep 2008

Aslan!
If that kid showed up in my elementary school I'd be black and blue just from pinching myself. Do you think for one moment that this kid's name is not going to end up 'ass land' or 'ass man' or King of Ass Land. Where do I get my visa to ASSLAND?

Where did you go on vacation?
ASSLAND!, want to see my vacation photos?
You bet your assland I do!

Hear the got a crack problem in assland but, their trying to get the paper work out of the way so they can flush that problem goodbye. Seems to be quit2e a traffic jam heading for assland, we recommend a alternate route....just go straight!

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Response by falcogold1
about 16 years ago
Posts: 4159
Member since: Sep 2008

Meredith, fannie, freddi, Assland....what's in a name.
It's the names that end in th the screw up foreigners.
ask someone from the middle east to say the name Seth...your lucky if you get Seff or, Meridiiff.

That's all for me. I've got to do my Maff homework and study for my Bar Mitzffa

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Response by evnyc
about 16 years ago
Posts: 1844
Member since: Aug 2008

Poor kid's parents must have had a serious Narnia fetish. Poor child. He's going to be Assland for the rest of his existence.

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Response by Riversider
about 16 years ago
Posts: 13572
Member since: Apr 2009

Can't see the stock market recovering in advance of the Housing Market. Wait another year. RADAR LOGIC has house prices declining another 4% YOY ending in December 2010.

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Response by aboutready
about 16 years ago
Posts: 16354
Member since: Oct 2007

Rs, you must be one hell of an addition to a party. How bout those very thinly traded futures.

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Response by w67thstreet
about 16 years ago
Posts: 9003
Member since: Dec 2008

goddamit! Riversider.. stay on TOPIC.. itz assland!

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Response by Riversider
about 16 years ago
Posts: 13572
Member since: Apr 2009

Forwards, not futures.
and volume is not really there. Price story fairly constant though... we'll see.

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Response by Riversider
about 16 years ago
Posts: 13572
Member since: Apr 2009

oh that's easy. Meredith's the babe!

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Response by aboutready
about 16 years ago
Posts: 16354
Member since: Oct 2007

You tried. A good sweaty WWF reference could have been redeeming. I'd bet assland will outpace you by second grade, at the latest.

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Response by dwell
about 16 years ago
Posts: 2341
Member since: Jul 2008

assland drinks lemming juice

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Response by aboutready
about 16 years ago
Posts: 16354
Member since: Oct 2007

With a name like that assland will adapt and survive (likely selling lemming juice) or suffer a psychological outcome too frightful to contemplate. Talk about sins of the parent.

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Response by w67thstreet
about 16 years ago
Posts: 9003
Member since: Dec 2008

Yo guys! When the mkt bottoms. It'll be azzland.

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Response by w67thstreet
about 16 years ago
Posts: 9003
Member since: Dec 2008

Narnia, really.

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Response by dwell
about 16 years ago
Posts: 2341
Member since: Jul 2008

with a name like azzland, it's gotta be good

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Response by dwell
about 16 years ago
Posts: 2341
Member since: Jul 2008

so, when will market bottom? 2011? 2012? 90210? 10024?

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Response by aboutready
about 16 years ago
Posts: 16354
Member since: Oct 2007

Quit looking at the bottom, you cheeky monkey.

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Response by dwell
about 16 years ago
Posts: 2341
Member since: Jul 2008

Hey AR,

sorry I didn't get to see ya last wk, but my knee was kaput. Know I know why the Lord gave us 2 legs, hippity hoppity.

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Response by aboutready
about 16 years ago
Posts: 16354
Member since: Oct 2007

Next time. Hope the knee obeys your every wish. Those joints just don't pay attention like they f'ng ought to. I'll shoot you mail soon.

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Response by nopigsorshrimp
about 16 years ago
Posts: 398
Member since: Jan 2009

Look at doggie today. Normally he's telling you how righteous he is, measured by his Porsche or yacht or Rolex, or his Horatio Algier story from Goodwill clothing to having a trust fund for his two children.

Sometime though, ... sometimes, he slips and shows his true doggie bite. He might tell you about how he's naked just a bit too much at home, or how he cheated one of his landlords out of the last month's rent, or how he likes to dance on graves of the less fortunate, or how he groped a broker during an open house.

Or, today, he might make fun of a 6 year old boy's name, like poor Aslan.

You are a big doggie w67th. Good job making fun of a 6 year old child.

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Response by aboutready
about 16 years ago
Posts: 16354
Member since: Oct 2007

who's making fun of poor assland? the parents should be boiled in oil. assland is, as we have concurred, the victim of some mighty poor circumstances. unless you think assland is actually reading this? please.

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Response by nopigsorshrimp
about 16 years ago
Posts: 398
Member since: Jan 2009

I'm off ignore? Since when?

You aboutready are a princess among women. Aslan thanks you.

When will you admit that doggie is really the husband you wanted (smell that musk) rather than that prissy man who cheated on his taxes until you paid them off and he married you in exchange?

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Response by w67thstreet
about 16 years ago
Posts: 9003
Member since: Dec 2008

The 'only' parents who are allows to name their girl 'iswallow' and their boy 'shrinkage' is celebrity or billionaires. But it still gives me the right to make fun of their parents and the kids behind their backs. Thatz the American way, a way shrimpie has no concept. Your parents taught you great coping skillz of intolerance, self righteousness and long grudges. Oh happy anniversary lobster, you've carried this hate for one year. What should it be anal sex tonite?

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Response by aboutready
about 16 years ago
Posts: 16354
Member since: Oct 2007

oh piggy, just was interested in the comment about assland. i'm a whimsical creature.

hope you're having a fantabuloso evening, but with your negativity, doubt it. maybe knitting?

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Response by aboutready
about 16 years ago
Posts: 16354
Member since: Oct 2007

wow, you're so responsive. it's like you've been just craving attention. good to know.

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Response by nopigsorshrimp
about 16 years ago
Posts: 398
Member since: Jan 2009

doggie, are your kids named chihuahuaz and rottweilerz? Or something more tame like poodlez and mutz?

Remember, keep your clothes on, or try the new snuggie for dogz.

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Response by w67thstreet
about 16 years ago
Posts: 9003
Member since: Dec 2008

You know me ar, always a ready smile and a laugh. Knitting does not suit the w67ther, more I to baking choco chip cookies at this time of year. Happy holidays, the Xmas tree went up with much protest as it was no pink this year. I've scarred my daughter for life; )

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Response by nopigsorshrimp
about 16 years ago
Posts: 398
Member since: Jan 2009

aboutready
5 minutes ago
ignore this person
report abuse oh piggy, just was interested in the comment about assland. i'm a whimsical creature.

hope you're having a fantabuloso evening, but with your negativity, doubt it. maybe knitting?

aboutready
1 minute ago
ignore this person
report abuse wow, you're so responsive. it's like you've been just craving attention. good to know.

Help me out aboutready, you used to ignore me, now you can't go 4 minutes without seeking my attention. Are you sure w67th can't help you out tonight while you "wait" for your husband to come home?

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Response by aboutready
about 16 years ago
Posts: 16354
Member since: Oct 2007

w67th, glad to hear you don't knit (i guess i could under extreme duress but i wouldn't be happy). would still adore you if you did, but would be hard given who you are.
is your tree already up? wow. we're too correct and go cut one down. but my family and friends all hate me because i make them string popcorn and cranberries at a party. i provide good food and drink, and my tree is amazing.

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Response by nyc10023
about 16 years ago
Posts: 7614
Member since: Nov 2008

That's one of the env. unfriendly things I do - nothing beats a real tree. Ph41: if you're reading this, I'm having mucho fireplace problems.

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Response by aboutready
about 16 years ago
Posts: 16354
Member since: Oct 2007

well, we actually go to a place and cut down our own tree. not a perfect solution, but a pretty damn good one. they only grow them as a side business. so they're just extra trees being grown. the field would be bare but for the business.

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Response by nopigsorshrimp
about 16 years ago
Posts: 398
Member since: Jan 2009

Do you giggle like a little schoolgirl when you hijack a thread? Does doggie find it "sexy" when he sees you being "naughty"?

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Response by marco_m
about 16 years ago
Posts: 2481
Member since: Dec 2008

bulls ?

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Response by evnyc
about 16 years ago
Posts: 1844
Member since: Aug 2008

"That's one of the env. unfriendly things I do - nothing beats a real tree."

Nyc10023, I firmly believe that I am incentivizing the planting of new trees. That's my story and I'm sticking to it, anyway. Nothing beats a real tree and this year I can get a REALLY TALL one because I have super-high ceilings. I'm sure the cats will have it on the ground in ten minutes, so I plan to stock up on plastic ornaments. I figure they'll be extra handy if we ever wind up having children.

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Response by uwsmom
about 16 years ago
Posts: 1945
Member since: Dec 2008

wow, do people really believe having a christmas tree is an environmental hazard?

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Response by apt23
about 16 years ago
Posts: 2041
Member since: Jul 2009

my husband, when playing a highly competitive game of charades, got the title "Beauty for the Asking" Needless to say, he won by a very demonstrative display of "Ass" and "KIng". Forevermore, in that very accomplished group, he was known as Ass King. I would like to recommend him as ruler of Assland.

btw, Meredith has a pretty incredible record of prognostication in this particular recession. Cassandra had a funny name too.

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Response by alanhart
about 16 years ago
Posts: 12397
Member since: Feb 2007

I recently got back from a coupla week's vacation in AZ-land. Including the Great Canyon or whatever it's called ... I don't know my AZ from a hole in the ground.

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Response by w67thstreet
about 16 years ago
Posts: 9003
Member since: Dec 2008

Nothing sexier than a learned lady. Apt23.

I declare it so! Your husband is the king of azzland!

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Response by nopigsorshrimp
about 16 years ago
Posts: 398
Member since: Jan 2009

How cute. Try to include a new supporter once in a while. Not the same old kennel club show audience.

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Response by apt23
about 16 years ago
Posts: 2041
Member since: Jul 2009

Woof

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Response by somewhereelse
about 16 years ago
Posts: 7435
Member since: Oct 2009

> so, when will market bottom? 2011? 2012? 90210? 10024?

Took 4 years after '87, and this one is WAAAY worse...

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Response by SkinnyNsweet
about 16 years ago
Posts: 408
Member since: Jun 2006

Scale!

And balance sheet!

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Response by 67nudeagain
about 15 years ago
Posts: 13
Member since: Nov 2010

w67thstreet
about 12 months ago
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Meredith!, what a funny name.. almost as funny as w67th.... therez a kid named Aslan in my son's class... for the first 3 month, i thought it was spelled Asslan, an "ass land" I kept saying to my wife....

You have an interesting relationship with 5 year olds.

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Response by Riversider
about 15 years ago
Posts: 13572
Member since: Apr 2009

Meredith Whitneys business looks like its failing. She just announced that she's seeking to become a nationally recognized rating agency. When asked how many analysts she has. She responded , "a lot", and then back tracks saying when they get clients they can hire what's needed. On more and more of her interviews she's not composed and appears flustered. Something that back in the day never seemed to happen. Now she has good days and bad days. She's no longer the rock star babe that she was.

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Response by jason10006
about 15 years ago
Posts: 5257
Member since: Jan 2009

She has job openings on Bloomberg, so BUSINESS does not seem to be failing.

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Response by notadmin
about 15 years ago
Posts: 3835
Member since: Jul 2008

> Meredith Whitneys business looks like its failing. She just announced that she's seeking to become a nationally recognized rating agency. When asked how many analysts she has. She responded , "a lot", and then back tracks saying when they get clients they can hire what's needed. On more and more of her interviews she's not composed and appears flustered. Something that back in the day never seemed to happen. Now she has good days and bad days. She's no longer the rock star babe that she was.

imho she's a one trick pony. she got it right with Citibank but was hardly alone in her call, tons of people in finance were saying the same thing. i interpret her last calls as attempts to get attention, her take on the Muni mkt for example, hardly a surprise call but totally out of proportion. exactly same thing calling for 80k layoffs in wall street... where are those layoffs???

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Response by Riversider
about 15 years ago
Posts: 13572
Member since: Apr 2009

The ratings business is very tough. Fitch is still number 3 after putting in a great deal of effort. Egan Jones tried to enter this space only to pull back. I don't see what strategic advantage Meredith Whitney's firm brings to the table(better analysts, better access to data?). And worse yet, large banks are incredibly opaque busineses spread across multiple business lines and countries.

I rate this one a sell.

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Response by notadmin
about 15 years ago
Posts: 3835
Member since: Jul 2008

> Egan Jones tried to enter this space only to pull back.

what? i thought they had a shot, they were the best by far imho

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