Roubini: "It's Pretty Clear The Housing Market Has Already Double Dipped"

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Tue, 12/28/2010 - 17:04 | 834274 unwashedmass
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no one is getting out of here alive....except the folks who own the hard stuff.....gold and silver.

Tue, 12/28/2010 - 17:06 | 834279 wretch
wretch's picture

And a goodly amount of lead, brass and steel in the right configurations.  The hard stuff.

Tue, 12/28/2010 - 18:05 | 834471 Financial_Guard...
Financial_Guardian_Angel's picture

That article you linked to from "Rich Dad, Poor Dad is God aweful and the chart is outdated and misused. 10 minutes of my life I can never get back...

Wed, 12/29/2010 - 10:46 | 835526 Richard Weed
Richard Weed's picture

In my opinion Roubini is a morose clown.

Please STOP giving this talent-less self-promoter the time of day.

Yes, 10 minutes of my life I shall never get back... thanks alot.

Tue, 12/28/2010 - 21:25 | 834844 A Nanny Moose
A Nanny Moose's picture

don't forget the alcohol...the hard stuff.

Wed, 12/29/2010 - 04:31 | 835254 Ragnar D
Ragnar D's picture

You want your lead to be the soft stuff, generally...

Tue, 12/28/2010 - 17:04 | 834276 101 years and c...
101 years and counting's picture

Um, killing the stock market no longer guarantees money flowing into bonds.  Looks like retail is done with both.  Plainly stated, they need the money to pay monthly food and energy bills.

 

Tue, 12/28/2010 - 17:06 | 834277 plocequ1
plocequ1's picture

Housing Market.. Is there a stock symbol for that?

Tue, 12/28/2010 - 17:08 | 834287 Cortez
Cortez's picture

FNM and FRE.........  or maybe it is SOL.

Tue, 12/28/2010 - 17:13 | 834308 Lionhead
Lionhead's picture

Yes, you will find it here:

http://data.imagup.com/5/1108243239.png

 

Tue, 12/28/2010 - 18:28 | 834536 Id fight Gandhi
Id fight Gandhi's picture

Seems to be $

As fed money flows to crooks.

Home builders continue to rise as business keeps tanking.

Tue, 12/28/2010 - 23:33 | 835014 ATTILA THE WIMP
ATTILA THE WIMP's picture

DOA KIA AFU

Tue, 12/28/2010 - 17:08 | 834288 gbresnahan
gbresnahan's picture

double dip?

we haven't even finished dipping once, IMHO

Tue, 12/28/2010 - 17:18 | 834325 akak
akak's picture

Yeah, "Double Dip" presumes a "Recovery" that none of us were able to see whiz by.  Well, none of us except for HarryWanger, who somehow managed to hitch a ride --- so he says.

I think the only real "Double Dip" is those who keep calling for one.  The rest of us can clearly see this ongoing and deepening depression for what it truly is.

Tue, 12/28/2010 - 18:43 | 834563 Seasmoke
Seasmoke's picture

not sure what recovery was harder to see, the RE Recovery or the Summer of Recovery

Tue, 12/28/2010 - 17:07 | 834289 themosmitsos
themosmitsos's picture

"accelerating" being the key word ;)

Tue, 12/28/2010 - 17:09 | 834291 RobotTrader
RobotTrader's picture

What a crock.

Roubini just shelled out $5.5 million for a condo and took out a $3 million mortgage so he has a fancy place to take his hookers over the weekend.

http://www.businessweek.com/news/2010-12-17/nouriel-roubini-buys-5-5-million-manhattan-condo.html

Obviously, he's touting more "doom and gloom" just to rake in more speaking engagement fees.

Tue, 12/28/2010 - 17:10 | 834296 the not so migh...
the not so mighty maximiza's picture

WOW, real women with real fees

 

Tue, 12/28/2010 - 17:19 | 834329 goldmiddelfinger
goldmiddelfinger's picture

I would junk the photo but I like Ruby and his taste in women far more than I dislike robutt's poor tact

Tue, 12/28/2010 - 18:46 | 834569 grunk
grunk's picture

They should only take gold and silver for services.

 

"Hard assets", ya know.

Wed, 12/29/2010 - 00:32 | 835091 merehuman
merehuman's picture

the one on the left has calculator eyes. She can see the size of your wallet from anywhere

Wed, 12/29/2010 - 00:44 | 835109 Client 9
Client 9's picture

Why is that?  Because she is pretty and the only reason she would pay attention to someone like you is if you tried to buy her affection?

Pathetic judgements.  Well done Nouriel. On multiple fronts.

Tue, 12/28/2010 - 17:11 | 834298 wretch
wretch's picture

I see no inconsistency here.  There's no reason why doom and hotties cannot mix.  What the fuck is wrong with you?

Tue, 12/28/2010 - 17:25 | 834343 goldmiddelfinger
goldmiddelfinger's picture

I'm down wit tha sickness. Party like Dr Strangelove!

"Doctor, you mentioned the ration of ten women to each man. Now, wouldn't that necessitate the abandonment of the so called monogamous sexual relationship, I mean, as far as men were concerned?"
"Regrettably, yes. But it is, you know, a sacrifice required for the future of the human race. I hasten to add that since each man will be required to do prodigious... service along these lines, the women will have to be selected for their sexual characteristics which will have to be of a highly stimulating nature"
        - General Buck Turgidson & Dr Strangelove

Tue, 12/28/2010 - 17:49 | 834426 Cdad
Cdad's picture

Wretch,

Robo's problem is that his entire notion of wisdom is a 12 month chart of something that has already happened, or pictures of breats.  Well, that is the short answer, anyway.

 

Wed, 12/29/2010 - 00:32 | 835092 merehuman
merehuman's picture

i'll take a dozen breasts.

Tue, 12/28/2010 - 18:15 | 834498 Captain Courageous
Captain Courageous's picture

+1000

When it all really goes to hell, who doesn't want to wind up in a bunker somewhere with a couple of happy kittens giving you a tongue bath?

Tue, 12/28/2010 - 18:49 | 834577 grunk
grunk's picture

You're only getting a tongue bath as long as they're getting Kitten Chow or Fancy Feast. If not, you're looking at cat scratch fever.

http://www.youtube.com/watch?v=nW8S58CYQqs

 

Tue, 12/28/2010 - 17:13 | 834307 akak
akak's picture

I don't know how far Count Chocula's "gloom and doom" actually extends --- he is still insisting that gold reaching $1500 is "impossible".  Not unlikely, not far-fetched, but actually "impossible".  I have a feeling that the "impossible" is going to overtake Count Chocula's reality before very long.

Wed, 12/29/2010 - 00:45 | 835112 Client 9
Client 9's picture

I agree with his gold prediction and his taste in women.

Wed, 12/29/2010 - 00:45 | 835113 Client 9
Client 9's picture

I agree with his gold prediction and his taste in women.

Wed, 12/29/2010 - 01:08 | 835132 Saxxon
Saxxon's picture

Perhaps he has the $1,500 price correlated somehow with the price of crude around $100; at which point, some might figure, demand would begin to break down.  I find his stance on $1,500 puzzling.

Tue, 12/28/2010 - 17:27 | 834358 NotApplicable
NotApplicable's picture

And he did it with an adjustable rate mortgage with a 5 year reset?!?! So I wonder if he knows that the New & Improved Fanniefreddiestein is going to be setup to hand out sweetheart deals for the politically connected?

Welcome to Bizarro World.

Tue, 12/28/2010 - 18:46 | 834567 UncleFester
UncleFester's picture

No, he's just putting your money where his mouth is.  He spelled it out in plain english. 

1) Buy now, housing rcovers, sell before the reset, make bank.

2) Buy now, prices freefall, turn in the keys and walk away.

Even if #2 occurs, he had a sweet pad to live in for a couple of years.  I Fester.

Tue, 12/28/2010 - 17:51 | 834433 andybev01
andybev01's picture

Oh, that's what he meant be 'double-dip'.

Tue, 12/28/2010 - 19:25 | 834648 Implicit simplicit
Implicit simplicit's picture

That was Great!

Tue, 12/28/2010 - 18:31 | 834538 Id fight Gandhi
Id fight Gandhi's picture

How much were th e hookers?

Tue, 12/28/2010 - 18:34 | 834545 rosiescenario
rosiescenario's picture

...looks like money well spent....

Tue, 12/28/2010 - 19:26 | 834646 eatthebanksters
eatthebanksters's picture

Robo, if you're so bullish on the markets and housing, then buy, baby, buy!  The Fed capitulated on housing last week when the report by their two analysts came out admitting they had made a mistake by supporting the TBTF banks.   $4 trillion in loan mods two years ago would have set a floor on the housing market and things would be so much rosier...unfortunately the banksters couldn't profit from that idea so they figured out how to move $20 trillion or so all over the place so this would be a record year for bonuses.  When the guvmnt starts cutting social welfare  and entitlement programs, don't say I didn't warn you when the people who got fucked start using bankers for target practice, French Revolution style.

Tue, 12/28/2010 - 19:28 | 834653 THE DORK OF CORK
THE DORK OF CORK's picture

Nah , me thinks he is preparing for a currency collapse......

and may I add, he has excellent taste.

Tue, 12/28/2010 - 19:28 | 834654 Salinger
Salinger's picture

right on ROBO -- he is a one trick pony who kept hidden his financial and business relationship with Larry Summers all through the crisis

 

(pdf)

 

http://on.wsj.com/i7StcE

Tue, 12/28/2010 - 20:47 | 834771 SteveNYC
SteveNYC's picture

Howdy, neighbor!!

Tue, 12/28/2010 - 17:09 | 834292 FoieGras
FoieGras's picture

"Mr. Broken Clock" Roubini. When will this guy realize his 5 minutes of fame are up?

Tue, 12/28/2010 - 17:24 | 834351 mberry8870
mberry8870's picture

As soon as you stop talking about him.

Tue, 12/28/2010 - 17:52 | 834437 Cdad
Cdad's picture

FoieGras,

Who cares about Roubini, economists, or the economy?  What do we need that stuff for?  Ben Bernank prints money, criminal syndicate Wall Street bankers sell their STBX notes for Bernanke bananas, they use them to buy the Roach Motel [SPY], and that is that.  This is all we need now.

Get up to speed, man.  The economy does not matter, and neither do economists.  Please, fix your gaze upon fictional forward earnings expectations set by criminal syndicate Wall Street bankers so that you can buy the Roach Motel more quietly.

Thank you.

Tue, 12/28/2010 - 17:09 | 834293 Boilermaker
Boilermaker's picture

...as IYR and it's components finish up another fine day massively outperforming the broader market and continue it's march upward after hours.

TA-DAH!

They'll do the same shit with this as they did with the financials.  They'll shove your shorts and puts right back in-yo-face.  They couldn't give a shit less how blatant it is.  The bazooka will be inserted into your rump and fired.

Tue, 12/28/2010 - 21:12 | 834819 bugfixx
bugfixx's picture

A strange game. The only way to win is not to play.

Tue, 12/28/2010 - 17:11 | 834299 Cortez
Cortez's picture

I have a house I use once a week to go bowling.  Maybe I should join a bowling league near my current place and sell or rent that house.

Tue, 12/28/2010 - 17:14 | 834304 Dr. Doom
Dr. Doom's picture

Economic double-dip not far behind

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