Comments on: 5% Level For Toxic Loans Doom Banks http://www.ritholtz.com/blog/2009/08/5-level-for-toxic-loans-doom-banks/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 21:38:31 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: aupanner http://www.ritholtz.com/blog/2009/08/5-level-for-toxic-loans-doom-banks/comment-page-3/#comment-204637 aupanner Sat, 15 Aug 2009 02:33:25 +0000 http://www.ritholtz.com/blog/?p=35442#comment-204637 LB and others - I'm new to this BP blog, but was thinking the same thing - how funny it is that so many people here are posting about buying land. Maybe I'm slower than y'all, but I was just thinking the same thing this week as I was reading through "The Right Game" by Andrew Lees. It's got me thinking. I'm only on chapter 3, but it is fascinating so far. Forget about free markets and politics and all that "b.s." He says global demographics and expensive energy has us doomed. With that as a backdrop, what do you invest in today for the long term? I don't think it's gold, or other "currency". To me, it seems you secure the absolute necessities - lot's of land that has water and you can farm. If you have money after that, buy cash flow - go with energy sources. Now, before you guys impale me bare with me - I'm thinking renewable energies are the way to go. I'm not saying they solve the world's energy problems - and i'm not an earth worshiper in any remote sense. But I'm saying that you can cherry pick a few good ones that offer good steady cash flow. But, IMO, you need to invest in the projects themselves. How can anyone consciously play the market today? May as well go to the real casino where the rules / odds are at least static. LB and others – I’m new to this BP blog, but was thinking the same thing – how funny it is that so many people here are posting about buying land. Maybe I’m slower than y’all, but I was just thinking the same thing this week as I was reading through “The Right Game” by Andrew Lees. It’s got me thinking. I’m only on chapter 3, but it is fascinating so far. Forget about free markets and politics and all that “b.s.” He says global demographics and expensive energy has us doomed.

With that as a backdrop, what do you invest in today for the long term? I don’t think it’s gold, or other “currency”. To me, it seems you secure the absolute necessities – lot’s of land that has water and you can farm. If you have money after that, buy cash flow – go with energy sources. Now, before you guys impale me bare with me – I’m thinking renewable energies are the way to go. I’m not saying they solve the world’s energy problems – and i’m not an earth worshiper in any remote sense. But I’m saying that you can cherry pick a few good ones that offer good steady cash flow. But, IMO, you need to invest in the projects themselves.

How can anyone consciously play the market today? May as well go to the real casino where the rules / odds are at least static.

]]> By: aupanner http://www.ritholtz.com/blog/2009/08/5-level-for-toxic-loans-doom-banks/comment-page-3/#comment-204534 aupanner Fri, 14 Aug 2009 21:22:59 +0000 http://www.ritholtz.com/blog/?p=35442#comment-204534 LB and others - I'm new to this BP blog, but was thinking the same thing - how funny it is that so many people here are posting about buying farmland. Maybe I'm slower than y'all, but I was just thinking the same thing this week as I was reading through "The Right Game" by Andrew Lees. You can get it somewhere on the BP - in the book club section, I think. I'm only on chapter 3, but the picture he paints is fascinating. If he's right, massive economic shrinkage seems inevitable regardless of the immediate market b.s. He talks about how a declining world population will impact the global economy and it seems inevitable that major contraction will occur in the next 50 years. Combine more and more expensive energy, and it is pretty scary. Forget about free markets and politics and all that b.s. With fewer people in the workforce, the economy shrinks, and it can spiral downward quickly. Almost like a continuous deleveraging cycle for a long long time. With that as a backdrop, how do you set up your family for the best chance of a quality life? What do you invest in today for security? I don't think it's gold, or other "currency". To me, it seems you secure the absolute necessities - lot's of land that has water and you can farm. If you have money after that, buy cash flow - go with energy sources. Now, before you guys impale me bare with me - I'm thinking renewable energies are the way to go. I'm not saying they solve the world's energy problems - and i'm not an earth worshiper in any remote sense. But I'm saying that you can cherry pick a few good ones that offer good steady cash flow. But, IMO, you need to invest in the projects, not the companies doing the projects, so there's limited to access to those. I am fortunate to have access to those deals (wind). But I have no land. Gotta work on that. How can anyone consciously buy a stock today as an investment? It's a freaking crap shoot where the rules are rigged. Actually, no. You don't even know all the rules because they haven't been made up yet! May as well go to the real casino where the rules / odds are at least static. LB and others – I’m new to this BP blog, but was thinking the same thing – how funny it is that so many people here are posting about buying farmland. Maybe I’m slower than y’all, but I was just thinking the same thing this week as I was reading through “The Right Game” by Andrew Lees. You can get it somewhere on the BP – in the book club section, I think. I’m only on chapter 3, but the picture he paints is fascinating. If he’s right, massive economic shrinkage seems inevitable regardless of the immediate market b.s. He talks about how a declining world population will impact the global economy and it seems inevitable that major contraction will occur in the next 50 years. Combine more and more expensive energy, and it is pretty scary. Forget about free markets and politics and all that b.s. With fewer people in the workforce, the economy shrinks, and it can spiral downward quickly. Almost like a continuous deleveraging cycle for a long long time.

With that as a backdrop, how do you set up your family for the best chance of a quality life? What do you invest in today for security? I don’t think it’s gold, or other “currency”. To me, it seems you secure the absolute necessities – lot’s of land that has water and you can farm. If you have money after that, buy cash flow – go with energy sources. Now, before you guys impale me bare with me – I’m thinking renewable energies are the way to go. I’m not saying they solve the world’s energy problems – and i’m not an earth worshiper in any remote sense. But I’m saying that you can cherry pick a few good ones that offer good steady cash flow. But, IMO, you need to invest in the projects, not the companies doing the projects, so there’s limited to access to those. I am fortunate to have access to those deals (wind). But I have no land. Gotta work on that.

How can anyone consciously buy a stock today as an investment? It’s a freaking crap shoot where the rules are rigged. Actually, no. You don’t even know all the rules because they haven’t been made up yet! May as well go to the real casino where the rules / odds are at least static.

]]> By: cvienne http://www.ritholtz.com/blog/2009/08/5-level-for-toxic-loans-doom-banks/comment-page-3/#comment-204523 cvienne Fri, 14 Aug 2009 21:06:16 +0000 http://www.ritholtz.com/blog/?p=35442#comment-204523 Way late to this thread...but CV...the farm owner could not help offering this piece of advice... vis-a-vis GATED COMMUNITIES “Fixed fortifications are a monument to the stupidity of man.” General George S. Patton Way late to this thread…but CV…the farm owner could not help offering this piece of advice…

vis-a-vis GATED COMMUNITIES

“Fixed fortifications are a monument to the stupidity of man.”
General George S. Patton

]]> By: leftback http://www.ritholtz.com/blog/2009/08/5-level-for-toxic-loans-doom-banks/comment-page-3/#comment-204400 leftback Fri, 14 Aug 2009 19:13:25 +0000 http://www.ritholtz.com/blog/?p=35442#comment-204400 Q: What's the difference between an Arab banker and an American banker? A: The Arab banker can't wait to get out of work to find a hookah. Q: What’s the difference between an Arab banker and an American banker?
A: The Arab banker can’t wait to get out of work to find a hookah.

]]> By: ben22 http://www.ritholtz.com/blog/2009/08/5-level-for-toxic-loans-doom-banks/comment-page-3/#comment-204344 ben22 Fri, 14 Aug 2009 18:05:55 +0000 http://www.ritholtz.com/blog/?p=35442#comment-204344 mcHappy, actually, I laughed about it again this morning, but that was after I heard Joe Kernan say to El Erian, but Birinyi says if you focus on today blah blah blah.... then El Erian gave that puzzled look and said: I am looking forward. Kernan of course responded with, isn't PIMCO a bond house? That made me think of last night again and crack up. mcHappy,

actually, I laughed about it again this morning, but that was after I heard Joe Kernan say to El Erian, but Birinyi says if you focus on today blah blah blah…. then El Erian gave that puzzled look and said: I am looking forward. Kernan of course responded with, isn’t PIMCO a bond house?

That made me think of last night again and crack up.

]]> By: call me ahab http://www.ritholtz.com/blog/2009/08/5-level-for-toxic-loans-doom-banks/comment-page-3/#comment-204335 call me ahab Fri, 14 Aug 2009 17:56:04 +0000 http://www.ritholtz.com/blog/?p=35442#comment-204335 "in a properly built and supplied gated community" Armageddon? “in a properly built and supplied gated community”

Armageddon?

]]> By: mcHAPPY http://www.ritholtz.com/blog/2009/08/5-level-for-toxic-loans-doom-banks/comment-page-3/#comment-204333 mcHAPPY Fri, 14 Aug 2009 17:52:08 +0000 http://www.ritholtz.com/blog/?p=35442#comment-204333 @benn22... was it one of those little laughs that out of nowhere made you crack up on the drive home? The sheeple and numb-nuts on CNBC talk about the market being forwarding looking "6 months down the road" and all that. However the markets are looking at a few minutes down the road down the road with the algorithm trading at big institutions, a few hours down the road for MarketWatch and CNBC "journalism", and a day or two down the road for the sheeple. Not to bring up the blog vs. MSM debate again but it seems the only people looking 6 months down the road are "the crazies" on blogs. @benn22… was it one of those little laughs that out of nowhere made you crack up on the drive home?

The sheeple and numb-nuts on CNBC talk about the market being forwarding looking “6 months down the road” and all that. However the markets are looking at a few minutes down the road down the road with the algorithm trading at big institutions, a few hours down the road for MarketWatch and CNBC “journalism”, and a day or two down the road for the sheeple. Not to bring up the blog vs. MSM debate again but it seems the only people looking 6 months down the road are “the crazies” on blogs.

]]> By: ben22 http://www.ritholtz.com/blog/2009/08/5-level-for-toxic-loans-doom-banks/comment-page-3/#comment-204324 ben22 Fri, 14 Aug 2009 17:33:27 +0000 http://www.ritholtz.com/blog/?p=35442#comment-204324 lb, no kidding. fractals aren't really a part of meeting discussion, way too much for the peeps I work with. I did a presentation last night at a healthcare businesswoman's association event. About 35 attendees. They didn't like much what I had to say about the near term threats to the market. One person asked me how come so many economists seemed positive if there were still so many risks, I had a little laugh before I answered that question. lb,

no kidding. fractals aren’t really a part of meeting discussion, way too much for the peeps I work with. I did a presentation last night at a healthcare businesswoman’s association event. About 35 attendees. They didn’t like much what I had to say about the near term threats to the market. One person asked me how come so many economists seemed positive if there were still so many risks, I had a little laugh before I answered that question.

]]> By: Greg0658 http://www.ritholtz.com/blog/2009/08/5-level-for-toxic-loans-doom-banks/comment-page-3/#comment-204322 Greg0658 Fri, 14 Aug 2009 17:28:36 +0000 http://www.ritholtz.com/blog/?p=35442#comment-204322 Thor says "I’d like to know how anyone here thinks they could survive that?" heres a tip for u'all .. bet on Disaster Capitalism ... (in a properly built and supplied gated community) Thor says “I’d like to know how anyone here thinks they could survive that?”

heres a tip for u’all .. bet on Disaster Capitalism … (in a properly built and supplied gated community)

]]> By: leftback http://www.ritholtz.com/blog/2009/08/5-level-for-toxic-loans-doom-banks/comment-page-3/#comment-204320 leftback Fri, 14 Aug 2009 17:25:06 +0000 http://www.ritholtz.com/blog/?p=35442#comment-204320 ben, you are in serious Prechter/Mandelbrot territory.... probably best not to bring that up with retail clients, bud. OK chaps, let's watch the pump. I've already got mine today. I-Man, I and I is doing much the same. ben, you are in serious Prechter/Mandelbrot territory…. probably best not to bring that up with retail clients, bud.
OK chaps, let’s watch the pump. I’ve already got mine today. I-Man, I and I is doing much the same.

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