tag:blogger.com,1999:blog-1110014885778996459.post6168054381458695557..comments2024-03-28T04:16:11.729-07:00Comments on Idiosyncratic Whisk: IW in 2015Kevin Erdmannhttp://www.blogger.com/profile/07431566729667544886noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1110014885778996459.post-53071632642274663872024-01-19T21:16:18.653-07:002024-01-19T21:16:18.653-07:00Infinity Ward (IW) solidified its position as a le...Infinity Ward (IW) solidified its position as a leading gaming studio with the release of "Call of Duty: Black Ops III," showcasing its expertise in creating engaging first-person shooters with innovative gameplay mechanics and compelling narratives. <a href="https://srislaw.com/types-of-divorce-in-new-york-state/" rel="nofollow">Types of Divorce in New York State</a>abigailunahttps://www.blogger.com/profile/13188813775613589374noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-89905946823057072832016-01-02T21:11:38.808-07:002016-01-02T21:11:38.808-07:00Kevin, Sumner is dangerous. If you think like he d...Kevin, Sumner is dangerous. If you think like he does... Sumner said that he was all for 120 dollar oil. I think it had dropped to 90 at the time. I think he is dangerous. What do you think? I will tell you what I told him, I don't care if you agree with me, I just want to understand your dark thinking that is masked behind equations. If you think assets should be inflated, and BAC says the inflation is helped by the mispricing of risk, then this seems like a really evil thing to wish for. Certainly, I agree that no one wants 10 dollar oil, but isn't there a reasonable middle? Gary Andersonhttp://www.talkmarkets.com/contributor/Gary-Anderson/noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-84982042155463468732016-01-02T19:46:55.294-07:002016-01-02T19:46:55.294-07:00Thanks Benjamin. It's been a pleasure having ...Thanks Benjamin. It's been a pleasure having you along for the ride.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-71345250111075213272016-01-02T17:57:25.514-07:002016-01-02T17:57:25.514-07:00A terrific body of work.
Your blog converted me t...A terrific body of work.<br /><br />Your blog converted me to the "highest and best use" school of property development, aka free markets. <br /><br />But for everybody....<br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-58134910913107561662016-01-02T16:11:43.796-07:002016-01-02T16:11:43.796-07:00I'm working on some homeownership data now, wh...I'm working on some homeownership data now, which I should be able to post about next week. From what I have seen, I don't think there is much relationship between the "bubble" and homeownership rates, between cities. It might even go the other direction.<br /><br />With regard to the other stuff, I know it's not really fair to say you have to read all 97 posts to comment, but I have addressed those issues, and I'm not going to take the time to dig through all the posts to find the responses to the other things. If you are interested, you can work your way backwards through them. My argument is what it is. Just reasserting the things that this whole project has been a response to doesn't really do much. It's ok if we don't agree. I'm just putting a story out there.<br /><br />I don't need to be reminded that there were a lot of private mortgage pools. If you don't find my counter-narrative convincing, we will both live to see another day. We don't need to compare notes until someone says uncle.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-65010067849571130572016-01-02T09:58:01.960-07:002016-01-02T09:58:01.960-07:00Sorry, I posted it on article 8 not article 77. An...Sorry, I posted it on article 8 not article 77. And I posted this: 64 percent to 69 percent was not a marginal change because it was centered in a few bubble states where it actually drove prices up. And securitization allowed the easy money. And securitization was permitted because the risk of MBSs was mispriced. BAC said the Fed does mispricing and I believe you have to include the housing bubble. And no, the CRA was not the main culprit. The private mortgage pools were the main culprit, and bogus AAA rated mortgages. That bubble was real, Kevin. Sorry, that history won't be rewritten. This most important chart proves the private sector goosed the real bubble until late 2007, when LIBOR went wild. Gary Andersonhttp://www.talkmarkets.com/contributor/Gary-Anderson/noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-81326710166436290242016-01-02T09:52:01.146-07:002016-01-02T09:52:01.146-07:00Kevin, I agree with you that the CRA was not the c...Kevin, I agree with you that the CRA was not the cause of the housing bubble. But there was a housing bubble. I know, I watched inventory during that time in bubble areas. I wrote on your number 77 article: <br /><br /> http://www.examplesofglobalization.com/p/housing-bubbles-most-important-chart.html So, Kevin, look at the chart. It doesn't lie. Private pools were responsible for the housing bubble and easy money originations. If economists teach that is not the case, then they are serving the purposes of the elite, not of the truth. Gary Andersonhttp://www.examplesofglobalization.com/p/housing-bubbles-most-important-chart.htmlnoreply@blogger.com