Weekend Show – Sat 11 Aug, 2012

Politics, Potential Investments and Economic Issues

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In this show Al discusses:

  • Segment 1 – Al discusses silver with Brien Lundin of the New Orleans Investment Conference.
  • Segment 2 – Al and Trader Rog discuss Timmins Gold.
  • Segment 3 – Silver Investor David Morgan discusses silver manipulation.
  • Segment 4 – Trader Rog of Trader Tracks discusses his forecasts for gold and silver.
  • Segment 5 – Dinah Abrahamson says, “Let’s leave race out of politics.”
  • Segment 6 – Dennis O’Neil, an attorney who specializes in working with estates, opines on the upcoming presidential election.
  • Segment 7 – Shaun Pollard and Gareth Thomas discuss Westhaven Ventures.
  • Segment 8 – Author, Robert Knight, discusses the role of political correctness in politics.

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Click download link to listen on this device: Download Show

Al KorelinBrien LundinRoger WiegandDavid Morgan
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  1. On August 11, 2012 at 1:07 am,
    cfs200 says:

    I’m in England right now for the Olympics, so I’m a bit out of touch.
    However Romney’s choice of Paul Ryan for V. P. seems excellent; a man who really understands the numbers and our economic situation.

    • On August 11, 2012 at 6:44 am,
      Donald says:

      It certainly puts the spotlight on the deficit and budget. It will test Americans ability to deal with the elephant in the room. We are so used to watching Bernanke dance and Congress kicking cans down the road that we think it is sound economic policy. Hopefully we will listen to the message and not go after the messenger. Enough cliches to last the weekend….

    • On August 11, 2012 at 6:05 pm,
      irishtony says:

      HELLO cfs….Had i have known you were coming to the UK we could have met up. I would have treated you to some Irish hospitality, by taking you out for a pint of Guinness, & a good Irish whisky chaser……Hope you enjoyed the games, take care.

  2. On August 11, 2012 at 3:09 am,
    Dan says:

    Hi Al, you were going to have a segment an update on PEM this weekend. Are you still planning on having it? Thanks, Dan

    • On August 11, 2012 at 9:56 am,
      Big Al says:


      Big Al

      • On August 13, 2012 at 7:07 am,
        Max says:

        I cant seem to find it Al?

        • On August 13, 2012 at 11:16 am,
          Big Al says:

          Little confused (me) Max. Can’t seem to find what?

          Big Al

          • On August 13, 2012 at 11:40 am,
            Max says:

            Hi Al, sorry for confusing you – I can’t find the update on PEM that you said you did on the weekend. Cheers, Max

          • On August 13, 2012 at 12:03 pm,
            Big Al says:

            Hi Max,

            I just put it up two minutes ago. Sorry for the slight delay.

            Big Al

          • On August 13, 2012 at 12:16 pm,
            Max says:

            No need to be sorry Al.. you’re doing this for us. I Appreciate the update! 🙂

  3. On August 11, 2012 at 5:52 am,
    Jerry O^OTB says:

    Points of Junk silver….bag silver….to have or not to have….that is the question.
    As it’s name infers…is junk…it is called junk, because there is a reason….
    The following is a view point from a coin collector, and investor…
    For those which need quanity. There is a problem with stacking and storeage.
    If one is required to move quickly, the problem will be with weight, and physical
    handling of any significant quanity…
    Counting and inventoring will be a consideration…and caluculating what the actual value you have will be a difficulty , since, you will be dealing with 40% or 90% values, and you will need to know the dates of the material for accurate figures..
    Although, silver in any denomination, size and shape are a great investment,
    the small spot price is appealing, it is also, a considertion in the selling of such
    investment…because of the junk status, this is the least desireable at the very end of the cycle….and will remain the least desireable…
    .For small investors, bag silver is a great start, and certainly
    a consideration in barting, when and if the system for fiat collapes…
    For storeage , bulk, and selling in the future, will remain a negative….

    • On August 11, 2012 at 5:57 am,
      Jerry O^OTB says:

      as marc and dennis would say, I am sorry for the typos. and misspelling, but, you all will get the point,

      • On August 11, 2012 at 7:51 am,
        Dennis M. O'Neil says:

        Speaking of “two cents”…that made me think of junk pennies.
        A 3.1 gram 95% copper penny has over 2 cents of copper with copper at $3.40 a pound.
        Ben Franklin would say “a penny saved is a penny earned.
        I do not care about the nominal nature of the retained value…I cannot bring myself to take on an immediate 100% plus loss by spending a copper penny as a penny.
        This is an example of Gresham’s law in practice at the nominal level.
        Just my two copper cents worth.

        • On August 11, 2012 at 10:08 am,
          Jerry O^OTB says:

          I said last week, you could double your money in copper….just save wheat pennies…

          • On August 11, 2012 at 10:27 am,
            Dennis M. O'Neil says:

            Not just “wheat” pennies through 1982.

          • On August 11, 2012 at 11:19 am,
            Bobby says:

            so true, even the nickel had a melt premium and you dont have to sort out the slugs, just buy rolls at the bank and stock away. BTW I used to do this with pre 65 dimes, quarters and halfs back in the day, yes they have kept up with inflation.

        • On August 11, 2012 at 5:38 pm,
          Proud Canuck says:

          im not sure about US pennies…any Canadian pennies of ’96 and prior are also copper, following that it’s base metals…I understand US nickels are worth up to 7 cents in nickel….depending on the market price that is.

    • On August 11, 2012 at 8:00 am,
      Mark Alan says:

      Good Morning Jerry O^OTB!

      You are ABSOLUTELY CORRECT! I visited one of my more popular coin shops on Thursday and was stunned to see the “greysheet” prices on some of these “junk’ coins! Morgan had better resale than Peace dollars but what stunned me was the price of AU and even BU 1921 morgans! They were actually below spot prices! Yet, if you were to buy them via a bullion dealer on line, you would be paying quite a hefty premium over spot price. I’m glad you posted this info! I feel the same regarding “junk silver” and think that a small bag for bartering purposes should be had, but one’s main investment should be 99.99% bars and rounds, or those that have a true 1oz of silver metal in them.

      • On August 11, 2012 at 10:33 am,
        Jerry O^OTB says:

        Hello Mark…..
        the problem with 1921 Morgans is the quanity minted….plain, d,s, vol.is over 80million
        with that quanity the Morgans tend to reflect bullion price….but, do not forget that
        Morgans and Peace dollars are not a true oz. of silver…..but. 90%silver, .10 % copper..etc..
        but, for a collector,,which uses grey sheet, their mind is considering the amount of morgans available….or the rarity, which 80million units available, does not make it rare…..and then consider the Au, Bu, status, well than just means they are shinny,
        and a collector, would like to have a matte pf 65…which is valued at $65,000,
        SO a collector does not get to excited a
        bout the Au or Bu..1921 MORGAN….
        But, IF you can sneak in an grab some morgans under spot, I say that is money in the
        bank….because, morgans, have proven to increase in value over time….
        Just my extra two cents, copper or silver worth…..always glad to converse with another collector….and investor….and alway glad to hear from you….OOTB….

        • On August 11, 2012 at 11:27 am,
          Bobby says:

          What a great suprise it is to find a CC morgan or 2 in that under spot bag!

        • On August 11, 2012 at 12:03 pm,
          Mark Alan says:

          Afternoon Jerry!

          Yes, the number of availability really causes a problem for Morgans that are BU, AU, or XF, VG, etc. But what I was surprised at was that AMPEX, and a few other “on-line” bullion dealers are willing to buy back your Morgans at spot or slightly under (like 50 cents).
          And “YES”, most people do not realize that Morgans and Peace dollars do not contain a full ounce of silver, yet I am always amazed at how bullion dealers advertise Morgans and Peace as being “equal” in someway or another to an ounce of silver. Usually they like to advertise the “nostalgia’ and “old history” aspect of the coins, thus giving them a “premium” to unwary customers.

          I love collecting coins though! I love the toned Morgans the best! I have quite a few MS65 Morgans and a few MS66 (common dates). I just think they are some of the most beautiful coins ever made.
          stay frosty my friend!

          • On August 11, 2012 at 12:16 pm,
            Jerry O^OTB says:

            ditto….on the toned rainbows…..

          • On August 11, 2012 at 12:22 pm,
            Jerry O^OTB says:

            I think AMPEX, is betting that the price goes higher, and the market is a little soft on the morgans….plus, they need to create some activity, they have rent to pay….

          • On August 11, 2012 at 4:42 pm,
            Greg says:

            jerry, mark a. Any idea what the dealers are paying for bu.64 kennedy halves and bu. 64 Roosevelt dimes. Tia

          • On August 11, 2012 at 4:51 pm,
            Jerry O^OTB says:

            Greg….sorry, I do not , I am not a seller and what ever the price, you will get more at the end of this year if you are patient…..I do know, you need to know the dates, of both kennedy and roosevelt….and not all kennedy’s are the same….some of the hairlines are different, and the silver content is different….

          • On August 11, 2012 at 5:00 pm,
            Jerry O^OTB says:

            Greg…..when I first read your note….I thought you ment ms64..but,
            with that said, my comment on the Kennedy hairline stands….
            the date obviously you mean 64….disregard the date statement…sorry OOTB

          • On August 13, 2012 at 8:48 am,
            Big Al says:

            Morning Mark A,

            Note my comment to Bobby that we are going to start doing some segments on coins.

            Big Al

        • On August 11, 2012 at 12:41 pm,
          Dennis M. O'Neil says:

          My favorite US junk silver coin is the mercury dime.
          Paraphrasing James Turk …..there will come a time when silver is not sold it will be spent. In this environment a coin in small denomination may have multiple practical advantages. The Mercury unlike the Roosevelt dime is readily identified without examining the ridges or date. In the environment where we are spending junk silver I personally would rather have a ton of beans and rice situated above an aquifer. In such a dystopia the deer will no longer pilfer my garden without finder my freezer.

          • On August 11, 2012 at 1:49 pm,
            Jerry O^OTB says:

            Dennis…..Mercury dimes….are really going up in value….especially full strike…and full band….

          • On August 11, 2012 at 3:32 pm,
            Mark Alan says:

            Yes, they are! And I am EVER SO HAPPY that I was introduced to them by a now deceased friend who ran a coin shop. He told me that if I was to ever buy “junk silver” go for the mercy dimes with full strike and band. That was back in 2009 so, I bought a small face amount from him – $75 to be exact. To me, coins are works of art that show a past culture, it’s values, it’s meaning, and its country’s patriotism.
            Nice to know there are fellow coin collectors in this chat room.

            stay frosty

          • On August 13, 2012 at 8:59 am,
            Big Al says:

            Morning Mark A,

            When I was a kid, I collected coins (mercuries, buffaloes, pennies, etc.) then I stopped.

            I think that you folks have gotten me started again!

            Big Al

          • On August 11, 2012 at 4:43 pm,
            Jerry O^OTB says:

            Marc…you will love this story….about 10 yrs ago…I was shopping on ebay, when
            a grandson, of somebody, gran dad died, he was liquidating his granddad’s coin collection, he was liquidating his mercury dimes,,,ms 66++ , full strike, full bands,
            for three dollars apiece…., needless to say , I was a buyer…., I was not into mercury
            dimes at the time…..but, glad I own them today……

          • On August 13, 2012 at 9:32 am,
            Big Al says:

            Morning In the Box,

            When you have some time, please comment on why Mercury dimes and what you have to pay for them.


            Big Al

          • On August 11, 2012 at 4:46 pm,
            Jerry O^OTB says:

            Sorry Mark,,,I didnt mean Marc…..you two guys are like frost and tea, dont know which one of you guys I like best…..

          • On August 11, 2012 at 7:47 pm,
            Mark Alan says:

            Jerry O^OTB THAT is amazing! See what you can find when you just happen along at the right time!

        • On August 27, 2012 at 1:48 am,
          Helen says:

          RE: I have a heartbreaking story. I have been ulanbe to find reasonably priced housing for five years. I’m crammed into a tiny house as my kids grow up. I saved up a down payment, only to watch my government use my own tax dollars against me to keep housing out of reach. The government cut my interest rate to zero, attacked my dollars with it’s printing press, and created taxpayer funded programs to keep home prices inflated. Then I got laid off. Now I spend my down payment on bills and have no chance of moving. Ta-da! (takes bow). I want to thank everyone who helped in the process. Without the housing bubble, I never would have had the opportunity to share this experience with my family.

          • On August 27, 2012 at 2:06 pm,
            Big Al says:

            That, Helen, is a sad story.

            My heart bleeds for you and your family. And, I am not joking.

            Big Al

    • On August 11, 2012 at 9:57 am,
      Big Al says:

      Two cents of junk silver, In the Box?

      Big Al

      • On August 11, 2012 at 12:19 pm,
        Jerry O^OTB says:

        Al, there is always junk” in the box.”….

    • On August 11, 2012 at 11:16 am,
      Bobby says:

      Great points Jerry,, I have encountered storage and moving difficulties myself. However, never a problem with sorting or selling. Easy to sell on ebay in $10.00 or $5.00 rolls and certain times the buyer pays a GOOD premium. The ‘walkers” have some great design value, the Morgans and Peace dollars are so much nicer and almost any round I have seen and too hold design values.

      • On August 11, 2012 at 12:15 pm,
        Jerry O^OTB says:

        Hello Bobby,,, thanks for the comments……you do not have problems, because you are a pro….I was thinking that anyone not familuar with the date, type, etc…would not know the difference, and therefore “leave money on the table” or would be confused,as to the value….And if you do not know the value, the person you sell it to will, and I bet they come out ahead….
        I love the walkers,,,but, not convinced on some of the values…..
        I like the morgans but, the peace I do not collect, unless , they are a bargain…I think all the morgans are a no brainer….and as you said the cc are a great find , if found in a bag of junk…..

        • On August 11, 2012 at 1:02 pm,
          Bobby says:

          Jerry, something about just looking thru a bag of junk….hands dirty…. Mercs are fun to look thru but tend to thin out too much. Nice shinny rounds, just dont have the same effect on me, however my fav the buffalo (nickle copy) is nice.
          Thanks for the reply.

          • On August 11, 2012 at 1:47 pm,
            Jerry O^OTB says:

            Bobby,,,the three legged buffalo, is a favorite…..with a great amount of fur….on the back….they are a beautiful coin….

      • On August 13, 2012 at 8:46 am,
        Big Al says:

        Morning Bobby,

        Because of everyone’s interest in coins, I am going to start doing some segments on this topic.


        Big Al

    • On August 11, 2012 at 5:52 pm,
      irishtony says:


      • On August 11, 2012 at 6:33 pm,
        Jerry O^OTB says:

        I respectfully submit, for your approval , the surname of your beloved of Mature silver THE…..doubloom…..or as AL would say ” DAH “BLOOM

        • On August 12, 2012 at 1:21 am,
          irishtony says:

          SQUAK….Pieces of eight—-Pieces of eight BTW An American version of the doubloom was first minted in 1787 by Ephraim Brasher. The so called Brasher doubloom, is now one of the most valuable & coveted rare gold coins in the world. So sorry JERRY, but i am going to have to RED CARD you for suggesting the name of a gold coin, as an alternative to junk…….So go to the back of the class you naughty boy , until you come up with a more suitable name……….haha.

          • On August 12, 2012 at 3:22 am,
            Jerry O^OTB says:

            Irish…….how about ……BLOOMING JUNK….,

      • On August 12, 2012 at 6:36 am,
        Keep Stacking says:

        How about Constitutional silver or money?

        • On August 12, 2012 at 7:28 am,
          irishtony says:

          JERRY……how about…….SILVER BLOOMS……….KS….. Constitutional Silver !…..me likes.

        • On August 12, 2012 at 5:12 pm,
          Jody D says:

          Keep Stacking,
          I have used the name “constitutional silver” when inquiring about “junk silver” coins in the past, and the coin dealers give me the deer in the headlights look! HAHAHA!
          I still like that name instead of “junk”. They are far from junk! 🙂
          Jody D

          • On August 12, 2012 at 5:36 pm,
            Jerry O^OTB says:

            Jody…..that is a great way to end ……

  4. On August 11, 2012 at 7:02 am,
    cfs2000 says:

    With regard to segment 8:
    I WILL state Obama is EVIL.
    He is an assassin (by drone without trial) in violation of the Geneva Convention.
    He legislates by Esecutive order (ignoring Congress or the wishes of the people) in violation of the Constitution.

    • On August 11, 2012 at 5:42 pm,
      Proud Canuck says:

      also by navy seals without trial …as per Osama…I didn’t like Bush, but he gave a trial to S.H. prior to execution as far as I understand.

  5. On August 11, 2012 at 7:03 am,
    cfs2000 says:

    I can spell executive, but am a poor typist!

    • On August 11, 2012 at 9:59 am,
      Big Al says:

      You might be a poor typist CFS, but you put out great comments!

      Big Al

      • On August 11, 2012 at 2:07 pm,
        Jerry O^OTB says:

        NO COMPLAINtS ON THE TYPING HERE…., sometimes the greatest minds, can only do one thing at a time……,

        • On August 13, 2012 at 8:53 am,
          Big Al says:

          Heck, In the Box, I can’t even walk and chew gum at the same time. But then again, nobody ever said I had a great mind!

          Big Al

  6. On August 11, 2012 at 8:10 am,
    Richard says:

    Al, I listened to 2 of your weekend guests today; David Morgan and Trader Rog. Based on my technicals, charts, history, and intuition, I believe Dave is right on. As we move into the 4th quarter we should see a move higher in the precious metals but they shouldn’t come close to breaking their previous highs. That should happen in the year 2013. Whether it’s early in the year or spring, I won’t be able to make that prediction until the rest of this year unfolds. I don’t believe we’ll get that sharp pullback in PMs that so many are predicting now—I say this based on some technicals I watch. It’s always interesting to listen to Trader Rog. He often can predict short-term price points but his record on major moves aren’t very sublime. We’ve seen that recently again. Current momentum indicators for the PMs point to an increase/sideways movement for the PMs in the 4th quarter. The good news is that in all probabiltiy it’ll put a stake in the lows we’ve seen. I’m not an investment adviser but I’ve been purchasing PMs, their stock and related ETFs along with certain resource stocks over the last 3 weeks. Some of the stocks have further to fall and I’m salivating—past history and technicals will let me know when to purchase. After that it becomes a waiting game. Based on multiple charts, it appears as Dave Morgan mentioned that it’s a good time to become active in the purchasing of many undervalued and underowned stocks. It’s starting to look like a candy store out there. If we don’t see some movement up in the strong seasonal influence to PMs, it’ll tell us we have a longer wait. However, I love what I’m seeing on multiple charts along with momentum and strength indicators.

    • On August 11, 2012 at 10:01 am,
      Big Al says:

      Again Doc, I can’t say much about the short term because I guess I am not that smart. Mid to long term sure does look good to me though!

      Big Al

      • On August 11, 2012 at 10:59 am,
        Marc says:

        Big Al and Doc
        Thanks as always! To answer your inquiry to me regarding David Morgan’s segment. I certainly agree with most of his commentary. He says it is part of his job to project future prices. Ok, but that is tough to do! His multi-media presentations to support underlying fundamental analysis is where he REALLY shines. Like Dr. Jeff Lewis. Other than that, I take future prognostications with a sort of “shrug’. Kinda like what I “spit’ out yesterday! But, the ONLY thing I can say with CERTAINTY is IF you have an established position in silver right now…you WILL do VERY WELL. Now, what time increment that pertains to is basically for us to eventually find out. And we will.

        • On August 11, 2012 at 1:48 pm,
          Richard says:

          Very true. I can give you some pretty good idea on the general direction of an asset in the short term based on a number of technicals but no one with certainty can tell how much of a price move you’ll see. Also, no one with certainty can give you an idea in the mid term to long term where a market will move.. I can take a position based on historical data, charts, and other technical data but I can’t make a categorical statement like some. When the odds are with me I can give a pretty good opinion—but those odds aren’t developed with simplistic data from Elliot waves, fibonacci data or other singular data. It takes data from multiple technicals, charts, momentum indicators, volume, strength indicators, etc.

        • On August 13, 2012 at 8:45 am,
          Big Al says:

          My thoughts exactly, Marc!

          Big Al

  7. On August 11, 2012 at 10:32 am,
    Trevor says:

    Hi Al. Realizing this is off topic from todays segments, I would like to hear your thoughts on the following regarding American Manganese Inc. You would know like the rest of us that the company is currently in talks with potential strategic partners and on that note, I would like your thoughts on an answer I received from Mike Macleod the other week regarding the status of work programs based on the TetraTech recommendations in the PFS recently released. I asked Mike if indeed these studies had commenced and his answer came back stating that the studies had been designed but not yet put into action as the company was currently in talks with potential strategic partners and that depending on the successful conclusion to those talks, the priorities of those parties would in essence dictate the order of work to be carried out going forward. I’m paraphrasing but that was the gist of his response.
    What do you think Mike could have meant by ‘those parties priorities’?
    One would think that moving forward on the PFS reco’s (studies) would be the main priority moving forward with a partner, however, based on his comment, one might conclude that the priority could be fast tracking the battery powder program so to be included in the feasibility study. If this was the case, it would make sense that getting the flow sheet for that side of the operation designed first and then move to optimization of the mine plan, improving on the TetraTech conclusions in one all encompassing effort.
    Do you think this is a fair conclusion?
    What are your thoughts on this ‘priorities’ comment by Mike Macleod?
    Thanks for entertaining the question (if you do), and hopefully you can give more than an ‘I don’t know what he might have meant’ answer, lol.

    • On August 11, 2012 at 1:38 pm,
      Big Al says:

      Afternoon Trevor,

      The best answer I can give is to interview Larry.

      I will do that on Monday.


      Big Al

      • On August 11, 2012 at 2:03 pm,
        Trevor says:

        Thanks Al, I look forward to that interview. Hopefully, you can get Larry to flesh this ‘priority’ statement out a bit with regards to any potential strategic partner’s development ‘strategy’. Mike couldn’t provide any more detail at this time due to the discussions with the parties being on-going at present, however, it might be possible for Larry to provide more general examples of scenarios that could come to be according to the direction a partner might want to take, be it a partner from the battery industry or steel industry.
        Thanks again.

        • On August 12, 2012 at 8:13 am,
          Big Al says:

          Here is a further update Trevor,

          Morning Larry,

          As we discussed last night, here is Trevor’s question.

          I will call you Monday morning at 9 a.m.

          Have a great Sunday,


        • On August 13, 2012 at 8:53 am,
          Big Al says:

          Coming up in about 1/2 hour.

          Big Al

  8. On August 11, 2012 at 1:04 pm,
    scott says:

    Wow : Mitt -Ryan , dull and duller. Ryans book about extreme cutting of budgets, will be a killer in any debate. Both of these men are very boring, and budget cuts are not fun for anyone . Thats just about all Ryan offers. No one can offer any stimulus program because gov. is broke. No fun ahead no matter who is elected to Pres. : black swan events will make overseas policy important in the debates. I think oil , gold, and food will be strong money makers in the next 6 months. congress will determine what happens , so you better think hard about who you vote for . love to all S

    • On August 11, 2012 at 1:53 pm,
      Jerry O^OTB says:

      Scott….the only thing worse than Mitt -Ryan….is BARRY AND MICHELLE….

    • On August 11, 2012 at 2:19 pm,
      Bobby says:

      almost as exciting as mccain zzzzzzzzzzzz and palin (duh)

      • On August 12, 2012 at 7:33 am,
        irishtony says:

        BOBBY………….What America really needs is………..JERRY & IRISH………….Spread the word.

        • On August 12, 2012 at 3:21 pm,
          Jerry O^OTB says:

          Irish ,,,you would make a great TREA. SECT…., don’t sect. wear dresses,,,oh, you could wear your kilt….

  9. On August 11, 2012 at 2:37 pm,
    Jerry O^OTB says:


    • On August 13, 2012 at 8:55 am,
      Big Al says:

      Always a lot of fun to put shows together, In the Box.


      Big Al

  10. On August 11, 2012 at 5:46 pm,
    Proud Canuck says:

    AL, I too look forward to hearing about PEM particularly their cash position and how to raise funds, and if/or when they intend to ever put in a mine, or whether they just want to be bought out.

  11. On August 12, 2012 at 5:48 am,
    Keep Stacking says:

    Hi Big Al,
    Coinflation.com is a fun site to value one’s junk silver and has some interesting articles. Thanks for your week end show. I always look forward to it.

    • On August 12, 2012 at 7:36 am,
      Greg says:

      keep Stacking…Awesome site.Thank you very much

      • On August 13, 2012 at 11:09 am,
        Big Al says:

        Thanks for the kind words, Greg!

        Big Al

        • On August 25, 2012 at 10:59 am,
          James says:

          By :What’s the Worst Home Price Haircut You’ve Found?“Here’s a fun property: 42905 SE 177th St in North BendSold in August 2003 for $570,000, then sold for the isnane price of $725,000 in April 2007, only to get taken back by the bank in July 2010. Now listed for $410,000.”1. What’s up with the sudden popularity of phrases regarding debt and suffering that include the word “haircut.” 2. A “FUN”property? What exactly is “fun” about this situation. How is an inflated “boom-era” price anything other than merely predictable why is it “insane?” Please explain. Surely this kind of price history won’t surprise anyone who reads this blog.Did you contact the owner(s) of this property to get their story /stories? If you did, I missed it. Here’s my experience with this kind of “fun.” During the process to sell our home for $95,000 less than we had paid for it about a year previously, no one in my family ever thought they were having “fun.”No one in my family was snickering or wanting to start a contest to see who could come up with the most misery and sadness and grief. There was only a quiet sense of purpose, to pay down the mortgage before the home was sold, and a sense of sadness and loss, then a sense of moving on. No one thought it was “fun” to have their home advertised on the internet and their privacy compromised.OK, go for it fellas. Talk about how stupid you just know people like myself are. Throw in a few statistics and charts and hyperlinks. Talk all about how people like my family have caused all kinds of problems in the housing market even if it isn’t really true.C’mon, give it your best shot. I want to hear some really mean stuff, some wonderful, snarky, repeatable witticisms. Maybe put me in an indefensible position, then laugh at me for exposing my soft stupid underbelly. Bonus points for finding spelling/grammatical posting errors you can pick on.Ho-ho-ho you are so darn erudite and cool!You’re not going to hear anything mean or snarky from me. At least this time. There were a lot of perfectly reasonable, intelligent people who bought at or near the peak of the market.Including my sister and my son. For those people who have lost their homes or had to sell at a significant loss, there’s real pain involved and lots of stress. It’s not a matter of get over it and learn something , it’s real people we’re talking about. The media was blaring about how the market was different and this rally in home prices was going to go on for a very long time, and a lot of perfectly reasonable intelligent people believed it.

  12. On August 12, 2012 at 9:43 am,
    Tex says:

    Excellent show.

    As a follow-up to David Morgan’s comments, CAPITAL ACCOUNT had an interesting show on the topic of PM manipulation last week. (Who would have thought that Americans would end up listening to news programs supported by the former USSR?…..welcome to the brave new world of the post-1984 era!)


    • On August 13, 2012 at 11:10 am,
      Big Al says:

      Thanks for the link, Tex!

      Big Al

  13. On April 9, 2013 at 8:59 pm,
    kocaeli says:

    Sorry for the huge review, but I’m really loving the new Zune, and hope this, as well as the excellent reviews some other people have written, will help you decide if it’s the right choice for you.