VIDEO: Comite De La Esperanza el Pueblo de Wyvernwood organiza protesta de inquilinos por la demolacion de 1187 apartamentos en Boyle Heights, California:
This post has moved to a better location, unlike the tenants at Wyvernwood. Click here.
FOR THE RECORD: Here is my response to a comment from another blog who thinks it is funny that "a homeless guy is writing about the stock market." (The homeless guy being ZD.)
ZD said...YES, ZUMA DOGG JUST DOES HAPPEN TO BE A SHOCKINGLY ACCURATE PREDICTOR OF GLOBAL ECONOMIC TRENDS AND HAVE AN UNCANNY KNACK AT APPLYING IT TO THE STOCK MARKET.
As a matter of fact, as I was listening to the radio today, hearing about more foreclosure problems (GETTING BIGGER)...
I said to myself, "Daaaaaaaaamn, at this point, the blog post I was most criticized for turns out to be the biggest shiznit I ever prognostacated:
Saturday, May 05, 2007
ZUMA DOGG PUBLIC HEARING: IS THE WRITING IS ON THE WALL FOR A RECESSION STARTING IN SIX MONTHS TO A YEAR?
Oh no...Sen. Chuck Shumer/NY just told Zuma Dogg (indirectly) that we are gonna have a housing bubble-burst and recession starting in about a year. (With the effects starting as soon as six months.) SELL NOW!
They got these things called “sub-prime lending” (high risk, low interest loans). When you have a good economy, you can give some “riskier investments/clients” these low interest loans to jumpstart their American dream of home ownership.
They only pay 1% or 2% the first three years, or so. Then, the rate jumps to the Federal rate (what is it, 5.5%, or something.) Well ZD feels it might go to of 6%, 7% -- is 8% out of the question?)
When the Federal Reserve raises interest rates, more people with subprime loans default. Why? Because these people, coming off 3 year low interest loans, have to jump into a 6% or 7% or even 8 % rate all of the sudden, and they can’t keep up with the new, higher payments each month and then they default.
Well these days, with higher paying jobs being replaced with lower paying jobs; while housing costs, property taxes, and everything else -- people are gonna be defaulting on the loans, more and more. And the banks know that this is going to to become more of a problem, so they are going to stop approving these “low prime lending” rates.
Sen. Chuck Shumer/NY has a bill in congress in about six months to a year they are going to put the clamp down on “sub-prime loans”. This is a major sign that the housing bubble is gonna pop. Then, all these condos will be staying on the market, vacant -- getting cheaper and cheaper by the quarter.
L.A. is leading the nation in this housing bubble burst, as vacany rates in Los Angeles continue to increase, due to people moving out of the City for all the reasons stated daily by the pueblos.
Come summmetime fuel prices will go higher.
Posted by Zuma Dogg @ 5/05/2007 10:32:00 AM
AND HERE THE COMMENTS FROM JEALOUS CRYBABY-LOSERS LIKE YOURSELF:
* Another post on a subject you know nothing about.
* ZD: Stick to the local politics scene and stay away from economics. And dont believe anything the vapid Chuckie Schumer says. Unemployment, inflation are still at historical low levels. Stock market continues to set all time records. Corporate balance sheets are flush with cash and looking to spend. There will be some adjustment to the real estate market but most economists don't think the sky will fall.
THEN I PREDICTED GOLD WOULD HIT $1000 when it was $850 (everyone said NO WAY).
You see i predicted high oil prices in the summer -- when everyone said oil would be at $85-$90 a barrel.
(ZD said, brazil, dubail, india, china would keep demand and prices high.)
ZD warned the stock market would have the worst opening of historic proportions in Jan 08. IT DID!
When everyone said thing had bottomed out and said the DOW was ready to rally back to 13,500-14,000...
ZD SAID, "Not so fast optimists...it's going to 10,500, before 13,500. IT DID!
AND I CONTINUE TO LEAD THE CURVE BY ABOUT THREE TO SIX MONTHS WITH SHOCKING ACCURACY.
I told investors Starbucks stock was never going back to $30...it's going to $18-$19. I WAS TOLD I WAS FULL OF "S". It went to $18/$19 within two weeks of my warning.
I told investors to sell Apple at $200. It dropped within a week and hasn't seen $200 since.
Go back to my public comments from around three months ago when I first returned to LA.
Go back and read my posts from StrategyUpdate.com
I predicted the Fed would be cutting rates, devaluing the dollar which would cause the oil sheiks to jack up the price of oil which would drive up food costs and inflation at the same time the smoke and mirrors of the subprime and credit derivatives markets would cause communities to start caving in like a house of cards as local business are not able to survive and everyone gets bumped down a class.
AND NOW IT IS ALL HAPPENING, RIGHT ON TIME AS PREDICTED:
I'm only posting some of this so that the non-jealous crybaby-losers can read ZD's economic and stock predictions with more comfort and credibility.
And oh yeah,
HA, HA, HA, HA, HA...
HA, HA, HA, HA, HA!
THE WHOLE CITY TUNES IN TO SEE WHAT ZUMA DOGG HAS TO SAY ABOUT THE ISSUES ON TV 35, I'VE BEEN RIGHT ABOUT EVERYTHING, EVERY STEP OF THE WAY...
I WILL CONTINUE TO WARN AND ALERT READERS SO THEY CAN ACT/PLAN APPROPRIATELY BASED ON THEIR CURRENT SITUATION:
AND THE #1, #1, #1 THING THE COUNTY MUST REALIZE, IS THAT THERE IS NOT ENOUGH WATER FOR ALL THE HIGH DENSITY PROJECTS THEY CONTINUE TO CRAM DOWN THE DELTA RIVER'S ASS.
SORRY KIDDIES!
It would be nice to be able to build and build and build and build and accommodate the entire world inside City and County limits.
BUT YOU AIN'T GOT ENOUGH WATER...
YOU NEVER WILL HAVE ENOUGH WATER...
AND ZUMA DOGG WILL BE STARRING IN THE REMAKE OF "ESCAPE FROM L.A."
AND -- YOU DO NOT HAVE THE ENFORCEMENT YOU WILL NEED WHEN ALL HELL IS BREAKING LOSE ON THE STREETS.
I say we are about one year away from the Federal government having to simply step in and declare the region a public safety hazard.
The public safety hazard being the elected officials who continue to approve more high density housing when the whole world knows you don't have the water and people will be dying in their homes at record levels.
JOB OPPORTUNITY: Become a "mobile coroner". BIG FUTURE LIES AHEAD FOR YOU ON THE STREETS OF L.A.
FOR MORE INFO ON "SMART" GROWTH: Call 3-1-1 and ask to be connected to Council President Eric Garcetti.
NEW: Zuma City Hall Photo Gallery
Found 100's of photos from City Hall and around the city. some new ones posted.
StrategyUpdate.com
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