Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Miller: Gundlach's Bearish Housing Position Is Wrong
Fact is that Doubleline Total Return made money slow but steady over the past 10 years, while Miller's LM Opportunity managed to loss money over the same 10 years period. Miller is making the same bad bet on real estate while going into the recession. Hope he is correct this time around.
The housing market will never pick up until the Working Stiff starts working for 2014-sized dollars. That poor Working Stiff is working for 1974-sized dollars, still. And from the "Let them eat cake" Dept. .....
Only in the Wall Street Journal? My heart bleeds for him. Let them eat cake...... From the article: "Nick Paron, 57 years old, said he's been paying more for utilities, health insurance and steaks, limiting his discretionary purchases. "Much of our recreational income has been sucked up by these extra costs," said the Saginaw, Mich., physician."
The housing market will never pick up until the Working Stiff starts working for 2014-sized dollars. That poor Working Stiff is working for 1974-sized dollars, still. And from the "Let them eat cake" Dept. .....
Only in the Wall Street Journal? My heart bleeds for him. Let them eat cake...... From the article: "Nick Paron, 57 years old, said he's been paying more for utilities, health insurance and steaks, limiting his discretionary purchases. "Much of our recreational income has been sucked up by these extra costs," said the Saginaw, Mich., physician."
Hi! I'm From The Government and I'm Here to Help U.S. private lenders not ready to replace Fannie, Freddie: regulator Federal Housing Finance Agency Director Mel Watt said the two companies, which own or guarantee about 60 percent of all U.S. home loans, needed to remain in the housing finance market to make sure it was liquid and resilient. Watt said last week, in his first public speech since taking office, that he did not want to shrink Fannie and Freddie's footprint, marking a sharp departure from his predecessor.
"It's not that I'm opposed to it and we will certainly allow it to happen," he told C-SPAN's "Newsmakers" program, when asked about the prospect of shrinking the lenders' activities.
"But if the private sector is not ready to step into the space, and you shrink what Fannie and Freddie are doing, you do damage to housing finance in this country and that does damage to the economy and that does damage to the possibility of affordable housing and home ownership." http://www.reuters.com/article/2014/05/18/us-usa-housing-idUSBREA3N1T820140518
And speaking of inequality and affordability...... The city's Human Services Agency has released a new report filled with startling data about a rapidly changing San Francisco, where the rich are getting richer and more educated, the poor are falling further behind and the middle-class is skipping town altogether. http://www.sfgate.com/bayarea/article/Income-inequality-on-par-with-developing-nations-5486434.php
Comments
Only in the Wall Street Journal? My heart bleeds for him. Let them eat cake...... From the article: "Nick Paron, 57 years old, said he's been paying more for utilities, health insurance and steaks, limiting his discretionary purchases. "Much of our recreational income has been sucked up by these extra costs," said the Saginaw, Mich., physician."
Yes, steaks. Steaks are not discretionary. Everyone got that?
http://online.wsj.com/news/articles/SB10001424052702303908804579563631910438594?mg=reno64-wsj
Miller doesn't get it.
U.S. private lenders not ready to replace Fannie, Freddie: regulator
Federal Housing Finance Agency Director Mel Watt said the two companies, which own or guarantee about 60 percent of all U.S. home loans, needed to remain in the housing finance market to make sure it was liquid and resilient.
Watt said last week, in his first public speech since taking office, that he did not want to shrink Fannie and Freddie's footprint, marking a sharp departure from his predecessor.
"It's not that I'm opposed to it and we will certainly allow it to happen," he told C-SPAN's "Newsmakers" program, when asked about the prospect of shrinking the lenders' activities.
"But if the private sector is not ready to step into the space, and you shrink what Fannie and Freddie are doing, you do damage to housing finance in this country and that does damage to the economy and that does damage to the possibility of affordable housing and home ownership."
http://www.reuters.com/article/2014/05/18/us-usa-housing-idUSBREA3N1T820140518
And speaking of inequality and affordability......
The city's Human Services Agency has released a new report filled with startling data about a rapidly changing San Francisco, where the rich are getting richer and more educated, the poor are falling further behind and the middle-class is skipping town altogether.
http://www.sfgate.com/bayarea/article/Income-inequality-on-par-with-developing-nations-5486434.php