lannarebirth

I pass out a few envelopes at Songkran but none at Christmas time.

Having worked in China I think you can say the same for any industry they have. Rapacious greed is allowing Chinese industries to poison their own environment.

Yeah, it's the "China Miracle" economy:

http://www.chinahush.com/2009/10/21/amazin...ution-in-china/

So you agree that when a bank sold the loan to a third party (Without mentioning the assignees) the mortgage taker can just walk away, no matter in which country the contract has been made?

Just asking.

Walking away is a separate issue Alex. The ability to do that is conditional on the language of the note. There are loans that are no recourse whereby the securitized collateral is the only damages a lienholder may seek. Recourse loans can allow lienholders to attach other assets or income of the debtor. Inevitably it will end up in court.

The thing is when going to court, one needs "standing". If the new lienholder is not the lienholder of record they have no standing (from my understanding) and I am not aware how they may bring an action. I'm sure there are court cases being prepared now to address this very issue. It will be interesting to see how they turn out.

Now the interesting part is when the bank sold your loan to some investor as an MBS or some other derivative. The above scenario's are decided in court (contract law). So when the original lender of the money sold your loan to some other party it means you have no contract (wet ink signature of both) with the 3rd party and the original issuer of the loan has no right to chase you for the remainder of the balance.

This is an interesting part Alex because I've spent a lot of time dealing in notes, mortgages and Deeds Of Trust. In almost all cases where my name is included in the document I will also have the words "or assignees" included. This would not require "wet ink" signatures of both the leinholder and the debtor to legally convey an interest in the debt to a new leinholder as the debtor has already signed their approval of conveyance. It would only require that the interest is conveyed legally.

It is so difficult to fathom that in the 60 odd pages of documents one has to sign to get a home loan that their wouldn't be some sort of lawyerese to that effect. I do agree that if that language is not present a valid contact does not exist between the homeowner and the current note holder. I guess the original seller of the note could buy it back at a discount and then foreclose. hmmm

Well, that filter does look icky. If I might make a suggestion; maybe you shouldn't hose the dirt/grime/soot/ash of your pool deck and patio into your pool.

You are assuming that-we don't, we hoover it to avoid flushing more dirt and ash in to it..

Ah, I see. I think my assumption came from reading your post #5 in this thread. Chok Dee.

http://www.thaivisa.com/forum/index.php?s=...t&p=3220617

Well, that filter does look icky. If I might make a suggestion; maybe you shouldn't hose the dirt/grime/soot/ash of your pool deck and patio into your pool.

I've posted this chart before. Worth watching IMO.

care to tell us why ?

Call it what you like, a Broadening Top, a Megaphone Pattern, an Expanding Triangle, it is typically a bearish pattern. Negative divergances would seem to confirm and gaps below unfilled need filling (though that doesn't have to happen now).

On the other hand if negatively diverging MACD turns up and breaks its own downtrend line that could be super bullish, but that occurs rarely from my experience. FWIW OCICBW etc.

Never mind.

just curious .whats used to put the water in and take it out of the tyres

One of these gizmos:

http://www.gemplers.com/product/AQF1/Quick...Tire-Attachment

Have to agree with GS on this.

http://www.bloomberg.com/apps/news?pid=206...wbRkE&pos=1

Goldman Sachs Group Inc. said Dec. 17 that the ECB should revise its collateral rules to end what it says is Moody's veto over Greek bond eligibility.

The ECB should remove any reliance on these rating agencies, which have shown themselves to be unreliable and incompetent at pricing risk. By allowing the rating agencies to determine whether debt is ineligible as collateral at the European Central Bank, the risk of creating an instable climate is passed to the rating agencies. We don't need any more of this. Wasn't it Moody and the other lot S&P that gave AAA plus plus ultra ratings to diced up subprime mortgage debts, which was another contributing factor to the crisis?

But I wonder why GS are saying this, maybe because they haven't any control over Moody.

Because, I'm guessing, they wish to play the spread or failure/success of such bonds in the derivatives market.

If it does well the next two years that will be an indication it is in a bubble. What it needs to do is tag its LT uptrend line (green). It can do that by making a sharp correction or trading in a range for the next couple of years. It did not test its last breakout or indeed the one at $450, but all things in due time.

What does the charts of the USD Index tell you?

It tells me that it has traded through 3 out of 4 levels of ST resistance. It has stronger resistance at the 78ish level.

edit: I wouldn't take anything that happens this month and early next month to be strongly trend indicative. Huge moves this year and folks need to lock in some gains or roll out.

Looks as if we are through 78 - http://quotes.ino.com/chart/?s=NYBOT_DX

and If it stays around these levels into New Year we could see some short covering ?

If its still at 78 in 2 weeks time after consolidating/correcting, I would take that to be ST bullish. It really needs to get above its 200dma to be IT bullish IMO.

It is very often the case that public investment in infrastructure drives private investment. We saw some of that in the Thaksin era here in Chiang Mai. Private development seems to have overbuilt for the time being but if public projects catch up again than I see no reason that growth would not continue into the idefinite future. Hard to imagine the rate of growth not slowing soon, but I guess that remains to be seen.

I've posted this chart before. Worth watching IMO.

care to tell us why ?

Call it what you like, a Broadening Top, a Megaphone Pattern, an Expanding Triangle, it is typically a bearish pattern. Negative divergances would seem to confirm and gaps below unfilled need filling (though that doesn't have to happen now).

On the other hand if negatively diverging MACD turns up and breaks its own downtrend line that could be super bullish, but that occurs rarely from my experience. FWIW OCICBW etc.

I think any man, or woman for that matter (albeit to a far lesser extent), who takes care of (financially or otherwise) another man's/woman's child is someone to be respected.

Thai men just wouldn't do it.

Many western men do it because (a) they have a different attitude towards it ( Single Thai women with children are plentiful because Thai men won't touch them (these women are seen as shop soiled, not only by Thai men, but by the Thai community as a whole). The vast majority of Thais see these women only good for alien demand.

Consequently, there is an enormous number of single Thai mothers looking for a westener to provide a good life for her and her child/children. Whereas there are far fewer single Thai childless women available to westeners on the market.

I don't claim to know every type of Thai man, but the ones I do know are very good and supportive of their families. My own personal experience is that I pay to support the children of a deadbeat Australian. Go figure.

Are you talking about their own biological children?????

What I'm talking about, and what the topic IS about is the children of their spouse that are NOT biologically related.

I am talking about a farang previously married to a Thai who does not pay child support of his f/t children. I don't know any Thais like that, though I'm sure they exist.

I think any man, or woman for that matter (albeit to a far lesser extent), who takes care of (financially or otherwise) another man's/woman's child is someone to be respected.

Thai men just wouldn't do it.

Many western men do it because (a) they have a different attitude towards it ( Single Thai women with children are plentiful because Thai men won't touch them (these women are seen as shop soiled, not only by Thai men, but by the Thai community as a whole). The vast majority of Thais see these women only good for alien demand.

Consequently, there is an enormous number of single Thai mothers looking for a westener to provide a good life for her and her child/children. Whereas there are far fewer single Thai childless women available to westeners on the market.

I don't claim to know every type of Thai man, but the ones I do know are very good and supportive of their families. My own personal experience is that I pay to support the children of a deadbeat Australian. Go figure.

What about sme of the food from the hippie era

Sawasdee Khrup, Khun Harry,

Brown-rice, man, the veggies, and the brownies with the special herb. And Bud's ice cream, served up by Al Edlin himself [bud's], at the original shop at the corner of 24th. and Castro : worth waiting in a line for twenty minutes or more to get your two scoops. Chinese take-out with extra msg.

My human mainly was eating his ancestors' karma which was pretty tasteless.

Most of the flower children were fine young cannibals. They used their own bones to make soup. Their tears, which we can still remember the taste of, were salty.

best, ~o:37;

Is everyone responding in this thread from San Francisco?

signed lannarebirth, born at UCSF Medical Center, Parnassus St. Formative years spent in the Excelsior.

Yes, I am fuc_king disgusted and mad over all this bullshit. This is all total crap. The only sustainable increase in wealth is through human endeavours in the production of goods or the extraction of raw materials. All the rest is a parasitic disease on society.

I am too 12 ! Yes going back in front of the computer terminals to resume " _day trading ' straight after

all this was revealed reminded me of how some people react by looting after a natural disaster......

HALLELUJAH... AMEN. PRAISE THE LORD! THE RIGHTEOUS non-PARASITIC ONES WILL GO TO PARADISE... and work in the celestial ricefields.

If you don't mind, I prefer carrion feeder.

No call here, just a picture.

IME, AB-CD moves have a high success rate, however if you are looking for a repeating pattern I think an arithmetic scale chart is more suitable. The log scale in your chart makes the current correction appear smaller than it really is compared to the B-C correction you point out.

If you look at the following chart it is clear that most peaks, similar to the current one, historically have been followed by about a year of sideways action.

JMO.

I do believe in more upside though, but the gold bugs may need some psycho therapy first to get over the trauma of buying at the top, thinking gold is less risky than cash, and then take a 10% loss in a couple of days

I'm not really pointing out any correction target. most of the charts I post are like that directory you see at shopping malls that says "you are here". That doesn't mean I don't have any opinion or that someone a bit more knowledgable than the average punter might not see a point I'm making, but I'm not selling anything here, including my POV.

I agree about the sideways, though it doesn't have to happen. If it does it would be pretty bullish LT. Might not feel like sideways to some late buyers however.

About the log charts, that's all I use. I just get more information from them in a single glance. Whatever shortcomings they have I've learned to correct in my head.

I've posted this chart before. Worth watching IMO.

We seem to be lacking in doom forecasts recently on this thread. How's about this list from the Danes to provide some thought over the holiday period?

"Saxo Bank Releases "Outrageous Predictions" for 2010"

http://finance.yahoo.com/news/Saxo-Bank-Re...ersonal-finance

None of those predictions seems particularly outrageous to me, except for maybe the US Trade Balance turning positive. That too is possible but it would require an energy policy, which doesn't appear to be forthcoming. I think the SS going bust is a given and would likely be bullish for $USD IMO.

If it does well the next two years that will be an indication it is in a bubble. What it needs to do is tag its LT uptrend line (green). It can do that by making a sharp correction or trading in a range for the next couple of years. It did not test its last breakout or indeed the one at $450, but all things in due time.

What does the charts of the USD Index tell you?

It tells me that it has traded through 3 out of 4 levels of ST resistance. It has stronger resistance at the 78ish level.

edit: I wouldn't take anything that happens this month and early next month to be strongly trend indicative. Huge moves this year and folks need to lock in some gains or roll out.

And here we are m/l:

"higher loans-to-value become easier to find"

Presuming responsible lenders won't start up that merry-go-round again, the only other alternative is lower prices. Much lower.

Unless someone wants to suggest higher wages. I need a good laugh.

Regards.

There's no such thing as a responsible lender unless they're carrying the paper themselves.

No call here, just a picture.

Ask your wives if they ever had a girlfriend, You might be surprised.

I think the polluted air this time of year will keep the hordes at bay.

My recollection is that its on the opposite side of the highway from Makro.

Chiang Mai Station

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