tag:blogger.com,1999:blog-30643134.post8135531263829203891..comments2023-12-26T01:10:26.319-05:00Comments on Accrued Interest: Following the bouncing risk sentiment...Accrued Interesthttp://www.blogger.com/profile/05096191765979971184noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-30643134.post-66838131819177095362007-03-08T18:59:00.000-05:002007-03-08T18:59:00.000-05:00this is just a blip in the economythis is just a blip in the economyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-30643134.post-62390945134155749562007-03-06T20:22:00.000-05:002007-03-06T20:22:00.000-05:00We'll see gents... we'll see.We'll see gents... we'll see.Accrued Interesthttps://www.blogger.com/profile/05096191765979971184noreply@blogger.comtag:blogger.com,1999:blog-30643134.post-84504808160733372702007-03-06T19:57:00.000-05:002007-03-06T19:57:00.000-05:00Have to agree with Anon 5:20 here, history may rhy...Have to agree with Anon 5:20 here, history may rhyme but IMHO the shear scale and multi-sector reach of RE in the US economy makes the analogy to a 21st century GM implausible.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30643134.post-59319214006802977912007-03-06T17:20:00.000-05:002007-03-06T17:20:00.000-05:00Tom, don't forget that on May 6, 2005, Kirk Kerkor...Tom, don't forget that on May 6, 2005, Kirk Kerkorian announced a 9.5% stake in GM, sending the stock price up. Hedge funds who were short the stock and long the bonds were terribly whipsawed.<BR/><BR/>The difference is that "what's good for GM is..." no longer... "good for America." In 2005, it was two companies in a highly consolidated industry (autos) that had been sick for a while. And the non-US auto firms like Toyota are doing great.<BR/><BR/>In 2007, it's a major industry (housing, construction, building materials, mortgage finance, banking, home improvement stores, home decorating stores) that provided a great deal of the jobs created since the 2001 recession.Anonymousnoreply@blogger.com