Zuma Dogg "Economic Update" For Serious Investors Since ZD Is Better Than Greenspan At Predicting Economic Trends
If you are a serious investor in the stock market, or your future is tied to local or global economic factors...you should be paying much, much more attention to Big ZD, these days:
On May 05, 2007, Zuma Dogg predicted the sub-prime lending crisis would burst the housing bubble (three months before it happened); adding that it would trigger a recession within a year -- with the effects starting as soon as six months. Well if this week (November 5, 2007) signals the start of a recession to you...then ZD predicition of "starting in six months" was quite accurate. (To the day/week!)
AND NOW...FOR THE FIRST TIME SINCE THIS HISTORIC PREDICTIVE ARTICLE SIX MONTHS AGO...CHAIRMAN ZUMA DOGG COMMENTS ON THE ECONOMIC FUTURE FOR THE NEXT 18 MONTHS.
INVESTORS: CLICK READ MORE FOR THE INSIGHTFUL ANALYSIS.
Does Anyone Dispute A Recession, Followed By Inflation, Followed by A Depression Is On The Way?
Did you see that new Fed Chairman? What a bad PR turkey. He's worse than Wendy Greuel and Janice Hahn when it comes to putting a foot in the mouth during a speech.
When you say things like, "Not Alarming" and "Decline to comment as to whether a recession is on the way", that means it's time to be alarmed because a recession is on the way!!!
(You gotta admit...Zuma Dogg predicted that the sub-prime bubble burst would triggering the start of a recession, basically, to the day!)
EXCERPT:
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 jump-start their American dream of home ownership.
They only pay 1% or 2% the first three years, or so. Then, the rate jumps to the higher Federal rate.
When these people, coming off 3 year low interst 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.
Posted by Zuma Dogg @ 5/05/2007 10:32:00 AM
HERE'S WHAT MY BATCOMPUTER SAYS IS COMING NEXT:
First of all, keep in mind the U.S. is no longer the number one importer of goods from Japan. China is now the number one importer of Japanese goods.
ZD's Batcomputer says the weak dollar is the real reason gas prices are rising. The oil sheiks in the middle east don't like the fact they are stuck with a weak U.S. dollar, so they are raising prices to help make up the difference.
So it's no secret to predict low consumer confidence will trigger a recession based on sinking property values (owners feeling they are now worth much less); rising gas prices at the pump (with no end to the rise in sight); higher oil prices meaning it will cost more to heat your home (right as winter is hitting); and retailers are already hinting to an extremely "down" holiday spending season. (And it's probably gonna be worse than they realize/can actually admit.)
Personally, I feel the Fed would like to RAISE interest rates, to help make the rest of the world feel better about all those dollars they are holding and being paid with. (Like the oil producers in the middle east.) However, with the stock market concerns and low consumer confidence/financial problems with the U.S. economy...the Fed would not be able to be that much of a Grinch in the December holiday month.
Tuesday, November 6, 2007
Is U.S. About To Lose It's Foothold As #1 World Economic Power Over Sub-Prime Lending Crisis? (Will US Banks Be Forced To Merge With "World Bank"?)
To those of you checking in for the first time...my name is Zuma Dogg. And if you wonder why you should care about my opinion on the following story -- I posted a warning that the sub-prime lending bubble was about to burst, triggering a recession -- THREE MONTHS BEFORE IT HIT THE NEWS HEADLINES. Original Story (see date)
HERE'S AN UPDATE TO THE STORY POSTED SIX MONTHS AGO (FURTHER PREDICTION)
The US banks are going to have to surrender/merge to the International Monetary Fund (World Bank) next year, right after the elections.
Next year, one by one, the US banks are going to start to fall like dominoes. First Citibank, then Bank of America, and so on -- because of the sub-prime lending crisis.
Why? These banks' liabilities will have to be written-off and absorbed by a bigger bank. The World Bank is the only one big enough that I can think of.
First, there will he a big stock sell-off; then a merger as stockholders are forced to "give it up" to the I.M.F. (International Monetary Fund).
SUB PRIME DEFAULTS ARE NOT OVER, YET!
When property values "devaluate", more and more people will default (simply walk away) from their sub-prime loans. If you are paying back a loan for what was originally a $400,000 piece of property -- now only worth $200,000 -- some people will simply walk away from the loan and default.
THEN, the banks are stick with the properties people walk away from. And the bank's equity (property value) doesn't cover the liability of defaulted loan (See "negative amortization".)
In February/March of 2008, the Federal Bank will have to RAISE interest rates -- to help raise the value of the US dollar -- but it will be too late. (And if they CUT rates, it will only make it worse/devalue US dollar even further).
And here's why the Fed will have to RAISE rates, when consumer confindence and spending will be so low: THE OVERSEA BILLIONAIRES, LIKE THE OIL MOGULS IN THE MIDEAST DON'T LIKE SITTING ON THE US DOLLAR AS IT BECOMES LESS AND LESS VALUABLE. That will cause them to switch to Euros and other currencies.
So with low consumer confidence (due to subprime concerns); a terrible holiday retail season on the way, then raising the interest rate to help bring up the value of the dollar -- will cause consumers to cut-back even more (out of fear), causing a recession...followed by hyper-inflation, that will cause further consumer spending cut-backs, which will trigger a depression.
Then Greenspan will have to step in as Chairman of the I.M.F. (Oh, didn't you hear?)
If you project it all out...it appears as though for the first time ever, the US may lose it's number one ranking as the number one economic force in the world and may become beholden to the new global economic leaders.
Might not be very comfortable, economically, the next sixty to a hundred years on this side of the pond.
TIME FRAME: 18 months
BOTTOM LINE: The global marketplace is strong and there will continue to be big money to be made in the markets. You just have to make sure you accurately access the U.S. economy and it's position in the global marketplace. And make sure you are investing in things they need in China, India and Vietnam.
TO READ MORE ABOUT THE CURRENT STATE OF THE GLOBAL ECONOMY AND THE U.S. POSITION, GO TO WWW.ZUMATIMES.COM AND READ SOME OF THE RELATED ARTICLES POSTED ON THE SIDE COLUMNS.
zumadogg@gmail.com
45 Comments:
Anonymous said:
Can't...breathe....can't...stop... laughing...
Zuma Dogg said:
9:15am,
(ZD takes bow): Thank you...thank you!
(Andy Kaufman's, "I'm From Hollywood!" is another funny, similar bit you may enjoy...it's on youtube.)
Anonymous said:
Um, zuma, everyone saw this coming for a while. This is a real estate cycle. It was inevitable.
Zuma Dogg said:
11:38am,
I am saying this is NOW more than just a real estate cycle. bro, i'm takin' my props for predicting the sun-prime crisis three months before it happened...where i said it would trigger a recession (when combined with higher gas prices) starting in sixth months. I was correct to the day...(that's just a slight coincidence)...
and those high prices are going to seep into other sectors (like air travel, for starters)...
and oil prices haven't stopped rising...and more and more sub-prime loans are going to be defaulting. (It ain't over, yet.)
The bottom is always much lower than people want to believe initially.
I'm afraid this is more than a mere cycle...but more of a fundamental global shift in the economy.
Now that manufacturing is done overseas...
The U.S. needs to focus it's industrial efforts in the global marketplace. And that is not through manufacturing of goods. And we aren't going to regain out foothold in the global economy by getting all excited about paying people $10 an hour to work at Staples, Wal Mart or Home Depot selling the stuff we are importing.
ZD would focus on creating electronic financial services for China, India, Vietnam -- for starters.
Since we were first in creating all this e-commerce stuff and financial institutions and economic infrastructure...we should be a step ahead when it comes to providing those services.
I heard something good on the radio regarding the writer's strike...
If Hollywood studios could have scripts written in India, they would be doing it!
Ideas and Innovations are all we have.
Anonymous said:
Zuma, you silly boy.
America's greatest export is its culture.
As for recessions, you can always count on those to happen at least once a decade.
Inflation? Not the kind you're thinking of. Greenspan created the model to keep it in check.
Depression? Only if you're talking about your mental state.
Thanks for the good laugh, tho!
Anonymous said:
"Look over there, the man in the dirty, ragged pants and no shoes is nailing up 'Ask me about my foolproof plan that can make you a millionaire' posters by the Freeway onramps."
SHeeee-It!
Anonymous said:
^^^^^^^^^^^^^^^^
That is just a low blow, but the Blogging Burros deserve every bit of it. When you spread rumor and innuendo like Mayor Sam's Stooges, then a kick in the nuts is warranted, (or as Red Burro would say warrenteded)
Anonymous said:
Really, the only thing the Burros stand for is anarchy. There is no central philosophy to their posts and they never offer any answers, only complaints.
Anonymous said:
3:19pm,
Open your eyes when you read my posts. And this isn't a complaint. But some people have learned, over the years, the value of zd's predictions. the curse of zd is that it doesn't really matter to me, either way...but sometimes people listen to me and make a million or two.
Anonymous said:
great, the US dollah is worthless right now. just my luck.
Anonymous said:
That was well taking in
I feel that the US dollar will be replaced by the Mexican Peso as our economy and our
Lifestyles are based on the labor of our Latin brothers and sisters.
Anonymous said:
Zuma, I am a serious investor. Where should I put my money right now? Please help me make a million or two because right now I only have $70.
Anonymous said:
Zuma ... you loser ... the GDP for the last quarter was 3.9%. The last jobs report was +166,000 for October. Just cuz the stock market went down doesn't mean we are in a recession. The GDP has to go negative for the US to be in a recession. Dumbass ....
Anonymous said:
Zuma, you make some excellent points. I am also a serius investamagator. I dont have a lot of muney because I blog fro Mayor Sam and I'd rather not revele my name but I a republican in CD 14. I kno times are getting tite because the price of a 40 ouncer just went over three bucks. Where shuld I invest to protect my assettes?
Anonymous said:
anon 9:25, I observe you haven't paid much attention to financial news. Tech stocks went down today. Financial stocks (Wachovia, for one) also fell.
Never mind the last fiscal quarter, what occurred in Wall Street today is more important than yesterday's news.
Anonymous said:
Confidential to anon 9:10 & anon 9:39...
Invest in precious metals.
Anonymous said:
9:25pm,
job report...yeah, right. the people who used to be managers and are now sales clerks -- but the job numbers went up!!!
Quote whatever numbers you want, smart guy...i didn't say we were IN a recession...i said it's the start of one...you low reading comprehension loser.
Do you take the opposing view to ZD , automatically...or do you think the economy is in good shape and it isn't about to tank?
Anonymous said:
Interesting approach by high rolling investor James Davenport who would rather not look at a previous fiscal quarter, preferring instead to deal in 24-hour periods on Wall Street.
Probably a day trader...
Anonymous said:
Did Davenport just say "invest in precious metals"?!
OMG! If that is your strategy, then gold should be at the $2,300/oz. level TODAY. Ain't gonna happen Jimmy baby.
Anonymous said:
Guess again 9:45. I find your comment amusing.
I find 9:49's comment equally laughable.
Anonymous said:
Oh James, you're right.
The Hunt brothers made billions cornering the market in silver back in the 70's, didn't they?
Anonymous said:
Please, James, don't tell us your portfolio mix after today will be 90% metals and 10% junk bonds.
Anonymous said:
Gold was down today, but gained over $26 on the week.
Anonymous said:
Silver gained 0.33% - a 27 year high.
Anonymous said:
9:45pm,
Keep defending a losing position.
You're gonna base what happens tomorrow on yesterday's numbers?
You probably wouldn't have invested in Compact Disc technology, because vinyl record sales were strong.
Then you probably wouldn't have invested in apple ipod because CD sales for the previous quarter were strong.
If you are looking at the rear view mirror as you are driving ahead, you will crash.
Any idiot can tell you what happened yesterday...only zuma dogg can tell you what will happen in the future. Keep doubting it!
Anonymous said:
10:02, that would be a novice's move. One should diversify.
Anonymous said:
zuma dogg, I agree with your last posting. I imagine 9:45 would probably have invested heavily in the '70s and '80s in betamax and eight-track tape player manufacturers because they did so well the previous fiscal quarter.
Anonymous said:
Zuma, for the record, the Hunt brothers devastated the entire Hunt family fortune trying to corner the market in silver...there's a reason why we pay attention to the past.
Both you guys are dead wrong on gold.
Anonymous said:
11:32, you're being ridiculous. I'm not advocating cornering the market on gold; I'm merely stating the obvious. Take a look at the spot prices for gold, silver, and platinum. You should also read the news for the previous day.
When I saw the warning signs this past spring, I dumped my tech stock holdings, and bought on both the precious metals market and oil futures. As soon as the prices hit a certain level, I'll sell some of my metals holdings, which I anticipate will be somewhere in the second or third quarter of 2008.
I'm also investing in certain other futures not related to precious metals. As I stated in rebuttal to 10:02, one should diversify.
Zuma Dogg said:
11:32pm said..."BOTH you guys are wrong on GOLD?"
Where did I state an opinion on gold?
Where did anyone talk about cornering markets on precious metals like the Hunt brothers?
James...ignore this fool who has just revealed himself...he is only here to distort things. It's called propaganda spin.
You could say you just donated a million dollars to feed the homeless fresh fruits and vegtables...and he would say you support killing people with pesticides.
Bottom line...he knows we are right...but the person is a paid merchanary...He lives a sad, conflicted life...because he agrees with me most of the time...but is paid to spin against me, since his boss lives in fear of me.
Anonymous said:
Dear Zuma Dogg,
Please help me. I am sad and conflicted.
And vegetables do kill people.
James, please buy as many precious metals as you possibly can. You deserve the loss. Of course, you should factor into your loss the "Buy Silver Now!" newsletter which is probably running you a bit of cash.
Zuma, go may now go back into hiding. I hear Alatorre is still pissed at you.
Zuma Dogg said:
9:53am,
Go throw your blackberry in a swimming pool when you are drunk.
Glad to know one or two zd posts on mayor sam can rock someone's world to the point where you are still crying about it.
Maybe I should post another thread...as long as he is pissed and I am in hiding...I may as well get my money's worth.
Anonymous said:
9:53, you did NOT pay attention to the last paragraph in my previous post. It is obvious to me that you don't put your money where your mouth is, since you are too afraid to invest successfully.
It is quite apparent to me that you are afraid of succeeding as an independently wealthy person, as that would place you in a higher income-tax bracket, and have to pay income taxes instead of receiving "refunds" from the State and Federal tax authorities.
Please go back to your dumpster diving; you might find a few bottles and cans for you to cash in.
I'll make a prediction here: Within the next ten years, mister Dogg will see quite a financial opportunity requiring little capital, and will make a "mint" of money.
As for you, 9:53, you'll still be in the same sad situation you are presently occupying, except that you'll be about ten years older.
Anonymous said:
Great James, so Zuma will be selling blood to the blood bank for the next ten years and what will you be doing?
Counting your million$ with your $upermodel wife at your side?
Anonymous said:
12:47, actually, you're the one who will be visiting the plasma donation centers weekly.
Your comment concerning my wife was insulting and quite uncalled for. You obviously are a bitter, lonely young punk kid who has very little respect for yourself or others, has no social life, and prefer instead to make love with your mouse.
Time will prove my previous comment. Time is on my side, but not on yours... oops, gotta go, just received an alert!
Anonymous said:
What happened?!
Did someone fall and they can't get up?!
btw...sorry your wife's not a supermodel...
Anonymous said:
10:31 - does your computer mouse keep you warm at night?
MetroHopper said:
Ever the consummate magician, you allow the bright lights of others' work be that which blinds the eyes of a few that waste their time looking at your late "news."
In the meantime, lemme state two things nearly as one: The Financial Times and The Economist have for a couplea years been on about that which you seem to think you predicted. (I suppose that you prey on the ignorance of americans, which makes the whole show easy to stage.) And FT very recently mentioned TheBusBench for what too few american blogs have figured out.
Speaking of too few american blogs, let us just get down to brass tacks: the Loonie has overcome the Eagle, the military has been stretched too thin and the market has long had more pockmarks than what you will admit.
Word.
BusTard
(presently in Los Angeles (but missing Brooklyn))
Anonymous said:
Zuma, you retard. Anyone who predicts a downturn will ultimately be right.
Even a broken clock is right twice a day.
And, even a blind squirrel finds an acorn now and then.
But, any loser that begs for coffee and food money, let alone gas money, and lives in his van is not credible as financial guru.
Besides, you don't have a license to give investment advice. Look for the SEC to find and sue you before Alatorre nails your stupid ass.
Zuma Dogg said:
8:08pm,
You are a weak ass pussy. start you own life. stop living for others. you are powerless. i am stronger than you and your whole crew and you admit it every time you cry how Alatorre is after me. What...did little ZD wreck his whole world? WOW! Didn't know I was such a powerful juggernaut. YOU'RE NOT, WEAK LOSER...and now...you know what comes next, pussy-boy!
Anonymous said:
Anonymous loser who thinks he is so smart cause he believes 166,000 jobs were created. The rise was largely in the parasitic, wealth-consuming public sector, up by 65,000 jobs.
Temporary jobs were up by 20,000.
So are companies so nervous about the future that they are replacing full-time with temporary jobs?
Meanwhile, in the wealth-creating private sector, and in the construction sector, jobs were understandably down by 5,000.
In the manufacturing sector, jobs were down by 25,000. In the crucial pre-holiday period, retail jobs were down by 22,000. Did you know that bright boy? And the rest, at what wage and how many are second jobs because the first one does not cut it anymore?
GDP at 3.9 the boy reads the LA Times and thinks he's a brain.
Anyone living in reality knows the truth. Inflation is much higher than the lies of 2.3% --- oh that's right we don't count food or energy or housing in our inflation index. Join the real world or does mommy still buy your food?
Most people with brains know inflation is at least 6-8%. Subtract that from our GDP and you call that growth?
The only thing falling faster than the value of the dollar is your IQ bubba.
We know that, in 2008, over $500 billion of adjustable-rate mortgages (ARMS) are due to reset. In 2009, a further $300 billion are due for reset. In advance of this, mortgage default and non-performance figures are already rising fast.
In the meantime, the amount of “toxic waste” mortgage-related derivatives is already estimated to reach $250 billion.
You call that a strong economy, we have not even begun to see the downturn.
No one predicted a recession when zuma dogg did, so go bark up some other tree fool.
Get a clue, zuma was right on and it just eats away at guts to know his is right while you remain forever the fool!
Anonymous said:
10:31pm,
Hooooooooody hoooooooooooo! (Hellz to the yeah!)
Zuma Dogg said:
10:30pm,
Not to brag...but although ZD doesn't have twenty-five cents to invest in the stock market...
I was able to persuade a family member to follow ZD's advice regarding stock investment...
I LITERALLY HAD TO STAND ON THE TABLE -- AND BANG MY HEAD AGAINST THE WALL IN ORDER TO CONVINCE THEM TO FOLLOW MY ORDER/ADVICE BECAUSE IT SEEMED EXTREMELY SPECULATIVE AT THE TIME.
I just went back and checked...
as of today, every $1 invested, yielded $140 -- as of today.
(since 0ct 27, 2005)
Anonymous said:
ZD, can you do us all a favor and KEEP banging your head on the hardest surfaces possible?
Anonymous said:
James Davenport, you suck!
On your good advice, I just invested more than $1M into gold bullion -- AND WHAT HAPPENS??!
Now it's CLOSING under $800?!
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