Thread: Porsche bubble?
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Vintage Racer Vintage Racer is offline
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Join Date: Aug 2007
Location: Sandy Springs, GA
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Originally Posted by si Banker View Post
You can not cut taxes.....
I need to move to Texas. The last tax cut that I received was seven years ago (the Jobs and Growth Tax Relief Reconciliation Act of 2003), and that tax cut will expire at the end of the year.

MBS, mortgage backed securities, are bundles of home mortgages which are put into pools and sold on wall street to pension plans and investors. What will happen when interest rates are 9% to 12% and the MBS only has a yield of 5%.
All bonds will fall in value when interest rates increase (interest rate risk). Personally, I don't think rates will go to 9%-12%, but there is a risk that they could. MBS issues have interest rate risk and credit risk. I think a properly researched and purchased trench of a MBS can be profitable. You just must do your homework.

There is a financial tidal wave coming...
I assume that you are short in a big way?

A Carrera RS sold on the bay for 215K! How many 911T's have you seen sell for more than 20K?
That RS was a great buy at $215K. The early 911T's (for a 2+ car) are holding their own.

I know a few guys that make money on Porsche cars, but the rest of us lose money (but have a great time doing so).
Old 07-13-2010, 12:49 PM
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