Berkeley CSUA MOTD:Entry 11453
Berkeley CSUA MOTD
 
WIKI | FAQ | Tech FAQ
http://csua.com/feed/
2025/04/03 [General] UID:1000 Activity:popular
4/3     

2003/12/14-15 [Finance/Banking, Finance/Investment] UID:11453 Activity:low
12/14   What's the general uptake on the economy in California right now?
        Central/Western Europe was complete shit (nothing at all going on),
        and increasingly so until about this summer, then sometime in
        September/October things just started picking up (projects, jobs,
        etc.)  It was far more so than the usual fall/spring budgeting cycle,
        but rather, as if people just sort of collectively decided to be
        sick and tired of doom and gloom--how about the US?  -John
        \_ Nothing like it here.  I still have a number of friends either
           out of work or temp'ing it.  There's a few more job notices, but
           employers seem to be enjoying their scarcity.
           \_ seconded.
           \_ I know people hiring. Give me their names. -ausman
        \_ How bout other areas in the US?  It still seems that MS is hiring
           quite a bit.
        \_ Things are much better than 18 months ago. It will never be like
           1999 again.
           \_ never? that's bullshit.  the boomtime mentality is hardcoded
              into the human brain.  once people decide it's boomtime, all
              history is forgotten and everyone thinks they're going to get
              rich.  you think the late '90s were the first boom or the
              first bubble economy?  do you really think it'll be the last?
              \_ So my pedantic friend: when do you think the tech economy
                 is going to "recover" to its 1999 state? That is what the
                 original question was about.
              \_ Fine. I am sure there will be another Tulip Mania or
                 Internet Bubble again in human history. We will not
                 be around though.
                 \_ You're an idiot.
                    \_ Nice comeback. Did you take rhetoric?
                 \_ We'll be around, except the next boom will be something
                    else, either quantum, biotech, nanotech, or something
                    totally different. don't forget all the nontech booms that
                    we'll also see.
                    \_ biotech has already gone through several boom-bust
                       cycles.  regions that depend on natural resources
                       like mining go thruogh  boom bust cycles all the time.
                       I think my "you're an idiot" comment pretty much
                       sums up the above post.  it's just another one of those
                       fucking idiots who thinks the entire world starts
                       and stops with the software industry in the Bay area.
                       a bumper sticker from my home state (alaska) states
                       "please god, give us another boom, and this time we
                       promise not to piss it away."
                       \_ Sure there are little boomlets all over the world
                          all the time, but they are not the same as an
                          economic wide bubble, the way the US stock market
                          in 1929 or 1999 was. If you think the Dot Com boom
                          was something that was confined to the Bay Area,
                          then you are the provinicial fool, my friend.
                          \_ Japan in the late 80s is at least as big as
                             the recent US bubble.
                    \_ i have a quantum pc i can sell you.  it's in this
                       little box, but if you open the box, it breaks.
                \_ I recommend John K. Galbraith's A Short History of
                   Financial Euphoria. Though not his best book, it's a
                   short, thoroughly entertaining read.
                   \_ Galbraith is the best author I've never read.
        \_ Yea, some would argue there is a big housing bubble right now,
           so I guess there is a big boom in housing related jobs.  Lots
           of people I know recently went into real estate, housing
           appraisal, mortgage, etc.  There is also a big boom in China,
           and some say a big gold and commodity boom coming up soon.
           \_ Some would argue therefore it is true?  Nonsense.
              \_ You are right, a bubble is never a bubble until it bursts.
              \_ You revealed the code!  Howard Dean is posting on the motd!
           \_ http://realtytimes.com/rtcpages/20031208_homevalues.htm
              The housing market is doing what it should be doing. It is
              cool in the recently hot areas, including SF Bay Area.
2025/04/03 [General] UID:1000 Activity:popular
4/3     

You may also be interested in these entries...
2013/8/29-11/7 [Finance/Banking] UID:54734 Activity:nil
8/29    Applying for a home loan now. The loan officer keeps asking why
        I wrote large amounts of check, and what they're for, and fax
        her proof to support what I said. She said loan regulations have
        tightened a lot to prevent money laundry. What is the max amount
        of money I can transfer these days without triggering annoying
        audits? I am not a terrorist.
	...
2013/5/13-7/3 [Finance/Banking] UID:54676 Activity:nil
5/13    Does FDIC ever matter? How likely is it that your deposit of
        over $250k going to be screwed over in a major US bank?
        \_ Was Washington Mutual a major bank?
        \_ Was Washington Mutual a major US bank?
        \_ Hahahahahahahahahahaha. Good one.
        \- As with nuclear weapons, this insurance produces much of its value
	...
2013/3/9-4/16 [Finance/Banking] UID:54621 Activity:nil
3/9     In a 15/30 year loan, the amount of payment stays the same but
        the payment on interest decreases while the principal increases.
        Suppose I decide to pay off a huge chunk of principal, will
        the amount of interest I need to pay decrease drastically, or
        do banks still want to take out a huge chunk of interest rate?
        \_ You don't actually have separate "interest" and "principal"; you
	...
2009/11/21-30 [Finance/Banking] UID:53538 Activity:moderate
11/21   I'm trying to figure out how much I save. Does money I contribute
        to debt (student loans and car loan) considered money I "save"?
        \_ "I'm trying to figure out how healthy I am. I normally
           smoke 2 packs a day but now I've cut it down to just
           1 pack a day. Does the reduction count towards health
           that I hope to 'gain'?"
	...
2013/7/31-9/16 [Reference/RealEstate, Finance/Investment] UID:54720 Activity:nil
7[31    Suppose you have a few hundred thousand dollars in the bank earning
        minimum interest rate and you're not sure whether you're going to
        buy a house in 1-5 years. Should one put that money in a more
        risky place like Vanguard ETFs and index funds, given that the
        horizon is only 1-5 years?
        \_ I have a very similar problem, in that I have a bunch of cash
	...
2013/5/9-7/3 [Finance/Investment] UID:54675 Activity:nil
5/9     I'm stock newbie. Let's say  I made $1000 in Jan 2012 and then
        lost  $1000 in Feb 2012, does that mean I'm not liable to pay
        any tax given that I made $0?
        \_ Yes.
        \_ Are both long term gains/both short term gains? And I assume you
           mean realized gains, i.e. you actually sold the stock in an
	...
2013/1/25-2/19 [Finance/Investment] UID:54588 Activity:nil
1/25    Is there a site that tells you the % of people shorting
        on a particular stock? I'm trying to see if I can gauge
        "confidence level", that sort of thing.
        \_ http://www.nasdaq.com/symbol/intc/short-interest
           I'm not sure how to read this, I'm guessing the higher
           "days to cover" the more short activities there are?
	...
2013/1/16-2/17 [Industry/Startup, Finance/Investment] UID:54582 Activity:nil
1/16    Fred Wilson says you should focus on the cash value of your
        options, not the percentages:
        http://www.avc.com/a_vc/2010/11/employee-equity-how-much.html
        \_ Or at least, so says a VC trying increase his profit margin...
        \_ A VC wants to keep as much of the stock for themselves (and give
           as little to employees as possible).  That maximizes their return.
	...
2012/12/21-2013/1/24 [Industry/Startup, Finance/Investment] UID:54568 Activity:nil
12/21   http://techcompanypay.com
        Yahooers in Sunnyvale don't seem to average 170K/year.
        \_ Googlers average $104k/yr? Uh huh.
           \_ what is it suppose to be?
              \_ link:preview.tinyurl.com/a36ejr4
                 Google Sr. Software Engineer in Sunnyvale averages $193k in total pay,
	...
Cache (2065 bytes)
realtytimes.com/rtcpages/20031208_homevalues.htm
Support 10 Login 11 Real Estate Tools 12 Your Real Estate Guide 13 Local Market Conditions 14 News & Advice > 15 Columnist Kenneth Harney Home Value Gains Still Strong In Most Markets, Though The Rate Of Appreciation Is Moderating by Kenneth R. But the rate of appreciation continues to moderate in some major markets that were among the hottest performers barely 18 to 24 months ago. Though still well above the national average, Boston's rate of appreciation is down from the 12-13 percent annualized rates registered in 2000-2002. Real estate economists say slowdowns like Boston's are the beginning of a normal, cyclical pricing correction that should prove healthy for home buyers and home sellers. Shelly Dreiman, chief economist for the Office of Federal Housing Enterprise Oversight, said local factory layoffs, out-migration and other local economic factors have been the key contributors to the relatively low appreciation rates in states like the six above. Utah experienced net out-migration of residents this past year, according to Dreiman, thereby diminishing demand for new and resale housing. North Carolina continues to experience serious losses of manufacturing jobs, especially in textiles. Overall, according to Dreiman, housing's appreciation performance versus other segments of the economy is nothing short of impressive. The hottest individual metropolitan markets -- the overachievers of residential real estate this year -- include Fresno, Calif. He is also managing director of the National Real Estate Development Center, a professional education company. He is a past member of the Federal Reserve Board's Consumer Advisory Council, a committee that by federal statute reviews all Fed actions on home mortgage, consmer credit and banking industry regulation. Department of Housing and Urban Development's Working Group on Computerized Loan Origination (CLO) systems, and is a member of the Editorial Board of the Fannie Mae Foundation's journal, Housing Policy Debate. He is the author of two books on mortgage finance and real estate.