Friday Afternoon Humor From JP Morgan

Tyler Durden's picture

Because one is born every minute (even if one is ineligible for a mortgage with JPM).


h/t nolsgrad

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
PicassoInActions's picture

Great, i am going to foreclose one and get one from JPM

Are they giving free lonas with negative interes?


flacon's picture

Is it a good time to buy a hobby farm, out in the sticks (Canada)? My elderly parents were wondering.

SGS's picture

David Lebovitz.

Nuff said.

hedgeless_horseman's picture



Allow me to save you some time with this condensed version.


dwdollar's picture

"Many observers at the time realized that too many houses were being built, homeprices were rising too quickly and lending standards were being dangerously compromised in fueling the bubble."

LMAO... that's not how I remembered it. All I heard was buy, buy, and buy another one. Rewrite history much?

MrBoompi's picture

"Many" as in the Fabulous Fab and John Paulson....

Fukushima Sam's picture

Housing: Now is the Time to Buy MBS

A Presentation to the Federal Reserve

Henry Chinaski's picture

Yow!  Just blew vodka out my nose.  Would appreciate a more specific warning.

AldousHuxley's picture

vodka and zerohedge Friday night is not the ideal way to prep for the weekend...unless you were about to buy a house. Because Fed is so confident in the economy that they said they will have ZIRP for next 2 years.





J 457's picture

Strange, I heard the same buy, buy, buy story for stocks this last week as well.

spiral_eyes's picture

the time to buy will be at 10oz/ AU: 1 Median house.

nope-1004's picture

I love the disclosure right next to the logo at the end:


Unprepared's picture

Is it normal all I can see is a two-wheeler desperately spinning out of a recurring dream instead of what is supposed to be pdf file ?

I am missing the humour.

Jena's picture

and in the really tiny print:  BITCHEZ!

Western's picture

The only bubbles appear to be Vancouver and the tar sands cities like Calgary/Edmonton.

flacon's picture

Looking at S.W Ontario. Land prices are pretty steep: $700,000 for 10 acre crop farm. I don't know if that is a "bubble" or not...

Arkadaba's picture

SW Ontario land is pretty rich (in a farmland type of way). 

Stevious's picture

The problem with "out in the sticks" is what happens when gasoline goes to $15/gallon?

kaiserhoff's picture

No one sends food to New Yawk or DC.

dwdollar's picture

And small towns regain their significance.

NotApplicable's picture

Richard Cantillon's Essay on the Nature of Trade in General laid it all out nearly 300 years ago.

Old Poor Richard's picture

Good luck with that.

Read The Hunger Games, a book for teenagers about what totalitarian government does when insurrectionist/secessionist regions stop sending Caesar's share back to Rome.

LawsofPhysics's picture

Guess that depends if you have to drive to work and/or how far away your food actually has to travel.  Might want to avoid population centers for a while.

Village Idiot's picture

"Horses increase in value"

Spoken like a true horse

chet's picture

Amazingly, the bubble hasn't popped yet in Canada.  Buyer beware.

Google what you can buy in Vancouver BC for $1 million.  It's funny.

Paul Bogdanich's picture

"Thank the Chinese."

Germans actually.  Which you might know had you ever been there.

Catch-22's picture

Actually it's popping as we speak... Some areas have gone cold and inventories are mushrooming. The prices really have not gone dawn yet cause sellers are waiting for the soft spot to pass (transitory) and are holding their price. Unless your a momo, know is the time to short that bitch.


NotApplicable's picture

Just wait until Fukushima finishes enriching the place. Then the fun really starts.

doomz78's picture
  • The canadian government is ignoring high inflation so their precious real estate market doesn't explode.  The more I look at it the more I see that we are also screwed in Canada.  Keep those interest rates low dummies.  The bubble is now ginormous.  Vancouver, Then Calgary, Then Toronto.   The biggest bubbles will pop first. 

Ben Bernanke also has a part in this...  Canadian central bank had to keep interest rates low to "compete" with the global market.  lol  In this competition you want your currency at zero.  F-cken meatheads.  Ben Bernanke is like a retard hopping along in a potato sack, so what does Mark Carney do? (Canadian central banker)  He grabs a potato sack, has a 26'er or rye and decides to race the other retard Bernanke.  Don't they look smart.  Two retards hopping side by side in an open field with genuine dumb ass grins on their faces.  It's a thing of beauty.  The race to create the next bubble.  ahhhhhhhhhhhhhh 

Arkadaba's picture

I kind of agree that there is a real estate bubble in Canada. But...I'm so happy to be back home. Canada is a large country with a small population with incredible resources. We will do well. Unless the US invades us because of all the arctic oil. Or Jamie Dimon wants to take his smackdown of Carney to the next level. Canadian investors aren't that smart and they are conservative. They didn't take risks via CDS so little exposure.

Hicham's picture

That's an excellent site! Pretty funny haha

Desert Irish's picture

nah...wait until we have our housing crisis.....people running aroung my neighborhood with $500K / $600K mortgages because the banks let them. Because we're Canadian nothing's going to happen here like the US housing market.  Yep.....stay tuned  

prains's picture

Is it a good time to buy a hobby farm, out in the sticks (Canada)? My elderly parents were wondering.


if you have to refer to canada as the sticks, chances are your attitude as well as your parents won't be welcome there for too long, you might want to try hobby farming in east LA instead

you'll go over great there.

nope-1004's picture

Just makin' Jamie proud so when they all meet at Roosters later today the idiot author can say he recommended something.


maxw3st's picture

How could anyone trust a bank for investment advice at this point? Rule of thumb, if a bank is selling, so should you-first if at all possible.

azusgm's picture

Remember that you are their counterparty, not their client.

Run Little Rabbit, run, run away.

Careless Whisper's picture

the only thing it may be a good time to buy is some JPM put options

DavidC's picture

Forgive my language but what fucking planet are these morons on?


Unprepared's picture

On planet earth. Just on a different dimension. Hence the talk about "Surreal" by some ABBA fun chairman turned philosopher, proving they are all deep inside Plato's cave.

mayhem_korner's picture



You may have coined a new phrase..."surreal estate."

duo's picture

Yup.  10,000 baby boomers retiring every week (and probably wanting to sell their house to some schmuck), 85% of last year's college grads living with their parents, less people making $50K or more per year than there was in 1997!  Where is the greater fool going to come from to buy your house?  No household formation equals no demand.