TCW Group, $120B, U.S. recession this year

Bump

silence from the perma-bulls on SE ?

have you not noticed yet that no one wants to play with you?

have you not noticed yet that no one wants to play with you?

highlarious.

and right on time.

bump, yet again

Komal Sri-Kumar = Debbie Downer.

Don't worry, be happy! :-)

We live in the best of all possible worlds.

"In Latest Data on Economy, Experts See Signs of Pickup"

http://www.nytimes.com/2012/07/13/business/economy/in-latest-data-economists-see-signs-of-pickup.html?_r=2&hp

hahaha,

[This week, Macroeconomic Advisers, an economic consultancy often cited by policy makers, estimated the annual rate of growth in the second quarter at just 1.2 percent — well below the pace needed to reduce the unemployment rate. But the firm also projected growth to accelerate to around 2.4 percent in the third quarter.

“The pace of economic growth is picking up, but not to a rate that is very robust,” said Joel Prakken, the chairman of Macroeconomic Advisers. “It certainly is no great shakes.” ]

from jason's article .. "It certainly is no greak shakes." ... these are backward looking data to boot.

Mmm-hmmm.

> Mmm-hmmm.

Huh ?

look at his name and you know this is bullshit without reading

Stock Market up over 200 points yesterday, doesn't seem like a recession to me.

>Stock Market up over 200 points yesterday

And today?

Today it's holding it's gains and I predict it will hold them tomorrow also.

The US and world economies are Ponzi schemes which seem to be nearing
collapse. The system is simply unsustainable, and as the recent Cali-
fornia city bankruptcies demonstrates, entering a new more serious cycle.

DJIA peaked in 2000'
What happened in 2001'?

DJIA reached another high late 2007'
What happened in 2009'!?

So I will add to the list of stupid things RE brokers say,

"Stock Market up over 200 points yesterday, dosent seem like a recession to me"

Lol

> "Stock Market up over 200 points yesterday, dosent seem like a recession to me"

Hahahaha .. while never mentioning that the Dow was down the previous SIX sessions from 7/5 to 7/12 ..

agree 1000% brooks2 .. So I will add to the list of stupid things RE brokers say,

> Today it's holding it's gains and I predict it will hold them tomorrow also.

tomorrow is SUNDAY you idiot! :)

"tomorrow is SUNDAY"

You state the obvious, I guess you've never heard of "tongue-in-cheek". Go look it up fool! LOL!

Brooksie, did you happen to notice the stock market doubled since 2009, guess you missed another opportunity! Ha Ha Ha.....

The 2 fools have spoken, LOL!

The world is coming to an end! LOL...LOL!

Keep waiting for armageddon, while other people live their lives. You thought you would scoop up the RE bargains in 2010, didn't happen.... 2011, didn't happen......, 2012 hasn't happened, 2013 won't happen.

Keep waiting suckers! Ha, Ha, Ha, !!

see thats the thing..you always have to ask, what if Im wrong ? if the bears are wrong and things turn out ok a major buying opportunity is gone..If Im wrong, then I have a place to live with market rate carry and i dont have to worry about a lease. I may have an unrealized loss for a while but who knows.

RENY you are the only one that appears to be a disingenuous fool. RE in your hood, ME, continues to go down.

> see thats the thing..you always have to ask, what if Im wrong ?

Good point, i always ask what if i'm wrong. However, i've been asking that same question since 04 and the answer has been "you haven't been wrong so far"

> You thought you would scoop up the RE bargains in 2010, didn't happen.... 2011, didn't happen......, 2012 hasn't happened, 2013 won't happen.

Hey FOOL, look at page 6, this is a Mill Samuel 10year study

http://www.millersamuel.com/files/2012/02/Manhattan_10YR_2011.pdf

Average sales price for 1B

2008 814K .. bubble top, rounding to nearest 10K
2009 711K .. oh oh .. bargain already ...
2010 661K .. an even BIGGER bargain
2011 686K .. dead cat bounce

Average sales price for 2BR

2008 1.934M .. bubble top
2009 1.535M .. ouch, on average, 08 buyers lost 400K ... ouch ouch ... bargain
2010 1.401M .. ouch ouch .. an even BIGGER bargain
2011 1.508M .. dead cat bounce

So whatever jibberish you said above is COMPLETELY FALSE ... folks who didn't buy during the bubble is laughing to the bank ...

People like you and Brooksie were waiting for armageddon, it didn't and won't happen. Your price list above proves that, prices up in 2011. Never bet against the U.S. or Manhattan, you're sure to be a loser. But than again you 2 are losers.

Brookie: Did you notice that the tallest residential in NYC is being planned for 56th and Park, I think that's in Midtown East, and a 60 story condo on 56th and 2nd, that's in Midtown East, with Whole Food in between.

Guys like you who live in the Bronx shouldn't be commenting on Manhattan real estate, you're out of your league. LOL!!!!!!!!

"Guys like you who live in the Bronx shouldn't be commenting on Manhattan real estate, you're out of your league. LOL!!!!!!!!"

Yes, leave the commenting to the Midtown East bigshots.

wow, i live in the bronx now, that is funny.. again.. a disingenuous fool.. may more stuff up..

ot oh,,,.. "whole foods in between" how dumb to you sound.. as the px of your apartment drops you still claim "whole foods" will be the savior of your shoddy co-op..
good luck you fool.. lmfao.. hah

make more stuff up.. you bring a great name to real estate brokers-- RealEstateNY.. what a joke lol

> Your price list above proves that, prices up in 2011.

Hahahaha .. how convenient that you don't mentioned 09 and 2010 .. right .. DOWN YEARS!!!! Right, Manhattan real estate NEVER, NEVER, EVER, not in a trillion years GO DOWN IN PRICE ... what bullish*t .. ;) What other bullish*t do you want to spout ? In other words, what other COMPLETE NONSENSE you want to spill ?

> People like you and Brooksie were waiting for armageddon, it didn't and won't happen.

Did I say armageddon ? And you have a crystal ball that it won't happen ? That statement alone makes you sound like the fool. Going by nothing more than hyperbole. Did anyone think the EU might break up as recently as 07 ? Hahahahaha ... "it didn't and won't happen."

> But than again you 2 are losers.

Real intelligent. Go back to your mom's basement!

>But than again you 2 are losers.

2?

"tallest residential in NYC is being planned for 56th and Park, I think that's in Midtown East"

... it's not like it's on Fifth in the 60s. It's very similar to the site that was chosen to build the twin towers of the World Trade Center in the 1970s -- a forlorn mess where virtually nobody would object to a hideous outsized monstrosity being thrown up. {projectile vomiting sound effects}