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Old 02-04-2018, 12:03 PM
 
Location: Between the Bays
10,780 posts, read 9,930,651 times
Reputation: 5240

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Quote:
Originally Posted by wawaweewa View Post
He mentioned NYC specifically. How would you know what proportion of loans a particular lender has in NYC? Some lenders are known for being concentrated in particular regions but you'd never know the quality of a region specific loan book until it's too late.

As for building materials and the Mexican peso. For an NYC specific downturn?
The rest of the region and country would not be immune from a significant pullback in NYC real estate. For example, Florida will feel our rumble more than we felt theirs. Actually theirs ended up putting some money back to work here.
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Old 02-11-2018, 06:47 AM
 
Location: Manhattan
23,709 posts, read 32,599,431 times
Reputation: 11396
Janet Yellin, instead of facing a pleasant retirement, should face a firing squad. She took her goal as Fed chairman to be to inflate stock prices. PERIOD.
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Old 02-11-2018, 06:54 AM
 
91,581 posts, read 88,853,840 times
Reputation: 66151
Works for me ....... after all if i don't do what was best for me who will. I never complain about tthe dealers , i just learn to play my cards. No action results in no results
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Old 02-11-2018, 06:54 AM
 
Location: Between the Bays
10,780 posts, read 9,930,651 times
Reputation: 5240
Quote:
Originally Posted by Kefir King View Post
Janet Yellin, instead of facing a pleasant retirement, should face a firing squad. She took her goal as Fed chairman to be to inflate stock prices. PERIOD.
She didn't seem very independent, and failed to switch course after the presidential election.
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Old 02-11-2018, 08:03 AM
 
1,721 posts, read 987,817 times
Reputation: 1035
Quote:
Originally Posted by Kefir King View Post
Janet Yellin, instead of facing a pleasant retirement, should face a firing squad. She took her goal as Fed chairman to be to inflate stock prices. PERIOD.
Firing squad?

She did nothing that hasn’t been done for decades in this country.
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Old 02-11-2018, 10:08 AM
 
Location: Confines of the 101 Precinct
28,295 posts, read 40,861,586 times
Reputation: 12097
Quote:
Originally Posted by Aquarius37 View Post
I wasn't talking to you. I was talking to everyone. but that's nice you got to travel. *shrug* google maps works for me to explore the world. You're not better because you brag about travelling, you just come across more deadbeat doing so.
I'm not bragging, I'm telling the truth. So it's not a brag.

Traveling is mad fun! I haven't traveled out of the country in years but my plan is to start doing that more in my 40s. We can't go rat-watching all day long haha.
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Old 02-11-2018, 12:50 PM
 
Location: Manhattan
23,709 posts, read 32,599,431 times
Reputation: 11396
Quote:
Originally Posted by cheyenne2134 View Post
Firing squad?

She did nothing that hasn’t been done for decades in this country.

No, I think she took wrong-headedness to a new and unique level. Greenspan was incompetent but this dame was a real balls-up doofus.
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Old 02-11-2018, 01:05 PM
 
108 posts, read 66,882 times
Reputation: 115
Quote:
Originally Posted by Kefir King View Post
Janet pulled another Yellin. Before the meeting, the market dropped a couple percent to scare her and she reacted predictably...to make believe we are still in a deep recession. The scare technique has worked every 3 months on this dimwitted t**t.
The economic PH.D recipient who has spent most of her life on the subject and has applied what she learned has already been replaced by a lawyer with less than 20 years of expertise in the field. I'd start dumping my stocks too if I knew a yes man with not as much expertise in the field as Yellen was going to be in charge of controlling the interest rates.

Yellen kept the interest rate close to 0 and every investor loved it, Trump comes in and causes the market to become overvalued now everyone are dumping their stocks.
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Old 02-11-2018, 02:57 PM
 
Location: Between the Bays
10,780 posts, read 9,930,651 times
Reputation: 5240
Quote:
Originally Posted by SaltyPenguin View Post
The economic PH.D recipient who has spent most of her life on the subject and has applied what she learned has already been replaced by a lawyer with less than 20 years of expertise in the field. I'd start dumping my stocks too if I knew a yes man with not as much expertise in the field as Yellen was going to be in charge of controlling the interest rates.

Yellen kept the interest rate close to 0 and every investor loved it, Trump comes in and causes the market to become overvalued now everyone are dumping their stocks.
I'd say that a lawyer with real-world investment banking experience is better suited for the job than an economist that couldn't find their way out of academia. Although Bernanke didn't have any either, yet he picked up the slack for two clueless presidents.
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Old 02-12-2018, 08:17 AM
 
1,721 posts, read 987,817 times
Reputation: 1035
Quote:
Originally Posted by G-Dale View Post
I'd say that a lawyer with real-world investment banking experience is better suited for the job than an economist that couldn't find their way out of academia. Although Bernanke didn't have any either, yet he picked up the slack for two clueless presidents.
At the end of the day she helped get us through a recession. Y’all can complain all y’all want about nonsense but someone this current president like to brag about the stock market and economy, she was apart of for almost a decade

Jerome Powell is a former investment banker, who the hell trust an investment banker and a lawyer

Y’all fall for the okie doke everyday along with the rest of trump unqualified picks. I’ll be back in 6-8 years to see how it all planned out. I say we will be in another recession by then
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