Jackson Jambalaya

See the JFP twitter teaser? "Wondering who would win the mayoral primary if Jacksonians went to the polls today??"

Ware certainly was enlightening. Wonder if the former Mrs. Ware got a discount at Maison Weiss?

I liked the part where the wife claimed she should get the prenup thrown out because she didn't read it.

Yeah, that was funny too. The whole thing was funny. Especially the appeal because she said he couldn't divorce her because he 'condoned' her behavior. 'Dangit, you can't divorce me, you *knew* I was cheatin' on you! and you didn't say nuthin' or something. LOL.

But what I don't understand is why they married to begin with. He cheated, she cheated, everybody cheated. Maybe they didn't recite that 'forsaking all others' part. Then again, since they'd both cheated on one another for years, why get divorced?

I guess I'm just not hip enough to understand them. My life is fairly boring. Thank goodness.

On another topic. Read Karl Denninger lately? What do you think of this rally, bear market suckers rally?

And on one more topic. What's up with the Krystal drive through incident with that chick lawyer? I'd just had a baby when all that happened so I missed out on all the details.

The markets will retest the bottoms before the bull returns. It will take a while.

We haven't hit bottom yet. read my post from a couple of weeks ago about bear market rallies. The table I posted will be quite interesting to you. What you are seeing are dead cat bounces and a market so hungry for any good information it will shoot up then come back down a week or two later.

If you can trade quickly, you can make money off of these bounces.

Also pay attention to the volume. Last week or it was the week before there was a big rally but when you took out the bank stocks, the volume was very low.

and the more I read that case, the more I think page 4 was a set-up. Had to be. And she was stupid enough from what I read to fall for it.

Was pg 4 the sleepover? I thought the SAME thing.

Yup. It was enough times to fit the pattern needed for adultery and gee, he had no problems fessing up to it when asked by the injured party.

Yeah, but nobody held a gun to her head & made her visit the irresistible Mr. Irby. (C'mon, from that pic the CL ran of the 'wonderful family' he looks 70. Seriously, it looks like dad, daughter and grandkids)

Hubby and I have had plenty of male guests stay over during hunting season and I seem to have restrained myself from visiting the guest bedroom. Every single time. Then again, if drunk grandpa Irby visited, who knows...LOL. Although, Ew, old man sex. pretty sure no amount of money could persuade me to do that.

I still ask, "why'd they get married?". Clearly neither one could handle the 'forsaking all others' part. It's good they were too old to have kids together. Can you imagine being one of their kids? (the ones they had before they married each other). Poor things. "my parents, the swingers..."

How embarassing.

I think its a bear market suckers rally myself. I'm short the market. Very short the market. I think the bottom is somewhere around 2000. Maybe a year from now. Maybe two. Check out the historical precedent between 1929 and 1933. There was a 60+% bear market rally in 1930 after the 'crash' of '29. Ultimately though, the market ended up at nearly 90% off the 1929 pre-crash high though.

We will have fun with inflation though between now and 2012. Anybody remember the 70's when you went grocery shopping? My grandmother told me that milk went up like 0.15c every time she bought it. Scary.

Too many thoughs in the last sentence of next to last paragraph. I plead lack of sleep with teething toddler.

yeah but it was great reading. I love that comment.


Yup, you are right about the bear market rally. I post this stuff for a reason.

Actually, I started posting all of this economic stuff over the last 8 months for a reason. Denninger's predictions a year ago wound up being very accurate. Then as the economy become more of an issue, I started noticing how for the average guy here in jackson, there is very little adequate business coverage unless someone is already in the appropriate industries and then he is not going to need this info anyway. the CL is pitiful on this subject and the MBJ does not do a good job in my opinion. The blogs cover politics more than they do anything else. So what I've done is add about 5 websites to my feeds: Zero Hedge, Market Ticker, Mish, Marketwatch, and Commercial Real Estate. I added BR Business report because I'm from BR and its a great publication and MBJ doesn't even offer a feed. I'm knowledgeable about the housing industry so I'll comment on that stuff but I've been learning some about the markets so I post things that other laymen such as myself might find useful. The goal is if you come to my site and check the feeds and what I post from time to time, you'll have a better idea about the economy and business world than you will from reading the local media. You might not find the latest stat or plant opening here but hopefully you'll find more actually useful info.

as for the Ware case, too bad the trial court sealed the record. I bet the depos were very interesting.

Do you think the Jackson area is just behind the curve with respect to the housing bubble and we'll see a lot more foreclosures this summer? Or, do you think we never really did bubble and will sort of just stagnate now.

?

Never really did the bubble. Housing went up but not that much. didn't go up as much so don't have as far to fall.

Had to ask that. Hubby and I looked at houses in Madison about 2 years ago. Priced in the $500K+ range. Looked at MLSOJ several months ago or so and a couple of the houses were still for sale (or for sale again already) with $395K being the top end for them now. All but one stated a 'buy for' and a 'rent for' price.

What will the Madison mayor do when they all turn into crack houses? LOL.

Have you seen the graph on zillow for the housing prices in modesto over the past 10 years? Go look. Absolutely amazing. And I'm not sure they're at the bottom yet there either.

Warning about Zillow. I've looked at them in the past and too often their information is very inaccurate. Old and too often they are using tax assessor information, which ALWAYS undervalues the house.

The houses over $200,000 in this area always fluctuate. I remember when Fox Bay was built up, near the end they were asking nearly $300,000 for some of the houses 9 months later those prices came down to $225,000 or so. There was alot of overbuilding in Madison and Brandon and its coming down because frankly, there are only so many people in this area that can afford house notes over $1200 a month.

I always wondered about that. When I saw all those houses in the $500K+ range. I mean, doctors surely can afford those. Some lawyers. There are a few successful businessmen that can afford that. But whole neighborhood after neighborhood of them? I just couldn't imagine where the money was coming from. I never geussed it was created 'whole cloth' from lies. I'm kinda slow that way I guess. Too trusting.

Makes me wonder how many of my neighbors are living on a shoestring with the boats and new cars and granite countertops. Some of them surely can actually afford that stuff. The rest? Hmmm.

Point taken about Zillow. Even so, the local tax 'revenuers' will have fun this year vs. 3 years ago cuz things have gone from an average of $300k+/house in '06 to last I looked less than $100k/house. BIG drop. Glad I don't actually own a house there now. Because the locals will be looking to make up the difference between the taxes that were EXPECTED vs. taxes they actually got from the unfortunates who still own there.

Dumb question. Do the banks that now 'own' the foreclosed properties have to pay the property taxes on those? Is that maybe one reason the banks are supposedly not 'accepting' foreclosures anymore out there?

You own it, you pay the taxes or else the county county goes the tax sale route.

OH yeah. Things'll get interesting in Madison 'toot sweet'.

Just wait till the wrong sort of people buy foreclosures.

Just wait.

Maybe the Madison'll buy them and bulldoze them? They could hire Melton.