Oct 24th-28th Window for Doom Thread (Updated by the Minute), page 36


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reply posted on 31-10-2009 @ 12:39 PM by OBE1
Bix Weir is no Time Monk...just a freelance economic pundit. Some of you might be familiar with his entertaining/informative Road to Roota series.

Le Metropole Cafe is a subscription site owned by GATA's Bill Murphy , aka: Midas.

Posted on Le Met yesterday (Snip)....


MIDAS

Appendix

Hi Bill -

I understand that some of my Road to Roota followers were disappointed in my call that you deamed as "Way Out There" last week.

I admit that I have missed on timing (repeatedly) before but I don't think I did this time.

Last week this was my call:

"I continue to believe that next week will be the week that shakes the financial world at its foundation."

I believed it happened on Sunday evening.

Although it may not seem like it on the surface.. yet... I believe that the "temporary structural I-beam" that has supported our financial system for the past 8 months CRACKED on Sunday night with the bankruptcy of Capmark Financial. Capmark was THE ring leader in the Commercial Real Estate derivatives markets. Two days later GMAC declared they needed many more billions from the government. CIT will likely go down this weekend.

But the key to all this is that the Commercial Real Estate Derivative market is now IMPLODING. Everyone talks about the imploding Credit Default Swaps at AIG...which were bad but they are dwarfed by the derivatives related to Commercial Real Estate.....


....My call that this week will mark the END of the cabal will be proved out over the next few weeks/months.

The world changed this week…and most people have no idea.

Bix

Later


Full Text is available in the public domain
here.


If I had to cite one fundamental reason for the return of fear to the markets this past week...the Capmark bankruptcy announced on Sunday Oct 25 has the potential to set-off an implosion in commercial real estate derivatives , similar to the chain-reaction in credit default swaps that rippled through the financial sector following the government take-over of GSE's , Fannie Mae and Freddie Mac on Sept 7, 2008.

Chalk one-up for the Web Bot ?


reply posted on 2-11-2009 @ 04:05 AM by ElectricUniverse
reply to post by tsloan




First of all, I didn't vote for Obama. I have seen his kind make the same empty promises only to consolidate power to the state, which is exactly what Obama is doing...

Second of all, the prediction in specific stated the ill wind would START around the 25th, and one of the two possibilities was that H1N1 would mutate... Those predictions did not state "the world is going to end that day"... Those were the claims of some charlatans like the Russian man.

Then there is the prediction by Ed Dames which he made BEFORE H1N1 was a problem...but hey guess that was "coincidence"...just like many other predictions which were right....

Yes, there are charlatans unfortunately, but there are also people who can see future events. Of course some people will not believe this even when the proof is in front of them, and will claim "anyone can do it" but of course they never did, or make any other excuse..

Do everyone a favor and if you don't think predictions can occur stay out of the forum.



[edit on 2-11-2009 by ElectricUniverse]



reply posted on 2-11-2009 @ 01:10 PM by Privacy-Please
reply to post by MissysWorld



They have been losing money for years. They are finally making profit.
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