Ron Stenger: Home Builder, Real Estate Sales, Class Act

Every now and then, I get a surprising email from a reader.

Here’s today’s special insight, from Ron Stenger, a Missouri Big Picture reader in the home building and realty sales field, written in response to our prior post on prime foreclosures.

Take it away, Ron:

From:     ronstenger@att.blackberry.net
Subject:  Re: The Big Picture
Date:     June 1, 2008 7:54:00 AM EDT
To:        The big picture
Reply-To:   ronstenger@att.blackberry.net

Fuck u

Sent via BlackBerry by AT&T

—–Original Message—–
From: The Big Picture
Date: Sat, 31 May 2008 18:08:59
To:  ron@stengerhomes.com
Subject: RSS The Big Picture

The Big Picture <http://bigpicture.typepad.com/comments/>

<http://bigpicture.typepad.com/comments/>

Mortgage Delinquencies Accelerating <http://feeds.feedburner.com/~r/TheBigPicture/~3/301925490/mortgage-delinq.html>
Posted: 31 May 2008 11:30 AM CDT

The mortgage crisis is bad and getting worse. The latest evidence suggests that any bottom in real estate is some ways off in the future: "Newly delinquent mortgage borrowers outnumbered people who caught up on their overdue payments by two to one last month, a sign that nationwide efforts to help homeowners avoid default may be failing. 

SNIP

Thanks for the feedback, Ron. I’ve seen pictures of the homes you build/sell, and I would have expected  nothing less from you.

Given your  class, leadership and professionalism, one is left to wonder how the home building and real estate industries ever ran into problems in the first place . . .

For more information, contact:

Ron Stenger Companies
5051 S. National Ave.
Springfield, MO 65810
(417) 889-4300
Fax (417) 889-0889
email@ronstenger.com

Category: Real Estate

Spike in Foreclosures Goes Beyond Subprime

Category: Credit, Real Estate

Dow Chemical CEO: US Underestimating Inflation

On Wednesday, Dow Chemical Chief Executive Andrew Liveris made a high-profile announcement that Dow would
increase its prices by as much as 20%, starting June 1. Dow, the top
U.S. chemical company, said the plan was necessary to offset the impact
of rising costs for energy and related raw materials. Over the past
year, Dow has already increased its price by about 12%, but
those price changes have been phased in gradually rather than
implemented all at once.

In the interview, Liveris said he thinks the U.S. is underestimating
the level of inflation in the economy and he expects the rise in energy
costs is beginning to destroy demand. Liveris expects the price increases his company made will eventually be passed on to the consumer:

>

Click for video
Liveris

Andrew Liveris on CNBC

>

Excerpt:

"I do think we’ve hit a raw nerve," Liveris said in an interview on
CNBC’s "Squawk Box." "I do think, out there in the world that we all
are living in, I think the consumer is screaming, and I think it’s the
topic du jour, and every company is in a different part of the value
chain."

"We’re in a part of the economy that is very elastic," he said. "So unlike electricity, or unlike transportation, which up until now has been relatively inelastic, we’re getting demand-destroyed."

Liveris estimates Dow uses about one percent of the U.S.’s electricity to make its products, which become components of other consumers goods, and the equivalent of about one million barrels of oil a day.

"We’ve done everything at Dow to be cost-efficient, energy-efficient," he continued. "We’ve diversified our mix. We’ve gone overseas for low-cost joint ventures. I think everyone has to bear some of this out-of-control energy policy."

>>

Source:
Dow Chemical CEO Says US Underestimating Inflation
CNBC.com | 30 May 2008 | 08:14 AM ET
http://www.cnbc.com/id/24888493

Category: Economy, Inflation, Video

Weezer’s Ode to You Tube

The official video for "Pork and Beans" from Weezer stars quite a few familiar YouTube faces.

New Weezer disc Red Album" out Monday, June 3rd, 2008

Category: Digital Media, Music, Video, Web/Tech

Mortgage Delinquencies Accelerating

Category: Credit, Data Analysis, Real Estate

Understanding Contrary Indicators

Category: Contrary Indicators, Economy, Markets, Psychology

Feldstein Says U.S. Economic Indicators ‘Pointing Down’

Martin Feldstein, an economics professor at Harvard University and president of the National Bureau of Economic Research, talks with about U.S. first-quarter gross domestic product, the outlook for Federal Reserve monetary policy and potential legislation to help homeowners avoid foreclosures.

click for video

Feldstein

>


Source:

Feldstein Says U.S. Economic Indicators `Pointing Down’
Bloomberg, May 29 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2M56v3ltLgE

Category: Economy, Video

Friday Night Jazz: Chet Baker II

I was searching out some of my favorite Jazz artists on YouTube, when I randomly stumbled across this video of Chet Baker. For those of you unfamiliar with Baker, he was a terrific Trumpet player who was later "discovered" as a wistful blues singer, specializing in ballads and love songs.

Chet Baker’s vocal style is unmistakably unique — my favorite
description of his his voice is "at times, it seems like he’s
hanging onto the melody by his fingernails."
He seems at times half a tone off where you might expect him to be.

There is a lovely
melancholy, a gentle beauty, to the way he wraps his voice around a
song. The soft, simple sentiment embodied in his lyrical approach to ballads
can turn any song into a brooding lament.

There’s quite a few other videos at  ChetBaker.net . . .

~~~

Either of these two CDs are good places to start exploring Baker’s works:

My Funny Valentine
Funny_valentine_

"His vocals were absolutely distinctive, sung in a high-pitched, even
fragile voice seemingly drained of emotion and yet possessing an
inherent charm, a detachment that might be both the antithesis of style
and its definition, whether it’s heard as sensitivity or indifference.
The singing is a double of his trumpet playing here, spare and barely
present but achieving much through nuance and suggestion. Pianist Russ
Freeman is an almost constant partner, supplying deft chords and
harmonic daring, amplifying Baker’s ideas. Their empathy is especially
evident in the beautiful instrumental "Moon Love," but it’s just as
significant on signature Baker songs such as "My Funny Valentine,"
"Let’s Get Lost," and "Like Someone in Love." 
–Stuart Broomer

 

The Best of Chet Baker Sings
Best_of_chet_baker_sings

New videos after the jump

Read More

Category: Friday Night Jazz, Music

Technically, Not a Recession

Category: Economy

Bear vs Bull (1962)

Category: Contrary Indicators, Psychology