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2012 - Page 3

post #31 of 158
My prediction for 2012 is it isn't the end of the world but we will get some bad weather. Global warming, 2012, pandemics, food shortages it's all a fallacy for whats going to happen.
post #32 of 158
Quote:
Originally Posted by Uncle Erik View Post
That's around when the Alt-A and Option-ARM mortgages are going to reset and drag down real estate further. So far, we've only gone through subprime. Subprime was only about a quarter of the market. Commercial is starting to reset right now. Losses from these will take down prime, as well.

It ain't going to be pretty.
The rate resets aren't going to be that big of a deal since current rates are very low. Unless the Administration reverses course on interest rates (rather unlikely), additional defaults from rate resets are going to be manageable. Plus the subprime experience showed that while most defaults were on adjustable rate loans, most of those defaults were before rates had even reset.

The ongoing loss of jobs and inventory excess will likely be bigger issues moving forward.
post #33 of 158
The rate resets are going to continue to be a Huge deal with each seceeding quarters forclosures driving down actual sale prices; "Underwater" mortages cannot be reset or remortgaged without 50-70k out of pocket at closing!

-First time buyers $8,000 tax credit may be renewed, but how many times? This is artificially buoying home sales and easing the free fall in pricing, which is inevitable...

- "since current rates are very low. Unless the Administration reverses course on interest rates (rather unlikely)"

There will be an increase in interest rates(which always drives down home prices) at some point, and sooner than you seem to believe.

- additional defaults from rate resets are going to be manageable. Plus the subprime experience showed that while most defaults were on adjustable rate loans, most of those defaults were before rates had even reset.

Again you are not taking into account the apraised value at the time of the original loan v. now and in '10, 11 & 12 of which there are hundreds of thousands still yet to reset each qarter, which most all will go into forclosure continuing the downward spiral of saleable pricing! Causing more Big bank losses and needing bailouts and smaller bank failures !

The ongoing loss of jobs and inventory excess will likely be bigger issues moving forward.

Indeed!
Until the median income home cost ratio is restored to traditional ratios of the '90 for loans will the bottom be seen. This may even depress home prices to 1980 pricing or worse, being very local and specific in terms of value !
post #34 of 158
I know of one Head-Fi'er with Mayan ancestry. Her name is NiceCans, and maybe she'll stop by to school us on the wondrous way of Maya?
post #35 of 158
Quote:
Originally Posted by virometal View Post
I know of one Head-Fi'er with Mayan ancestry. Her name is NiceCans, and maybe she'll stop by to school us on the wondrous way of Maya?
that would be nice.

I'm not into doomsday theories etc, but the Mayan Calendar has me intrigued.

How did people 3-4,000 years ago devise such a calendar?
post #36 of 158
Quote:
Originally Posted by kool bubba ice View Post
Yes, the end of the cycle.
The end of the cycle is death, is it not? Life may come after, but how can we start over without a fresh start to the gene pool (which would require death)?
post #37 of 158
Did anyone watch the Pen & Teller episode on this. They went down to chintzunitza (? speling) a Myan city, and asked a real Myan princess and she said "No" nothing is going to happen on 2012.

Nothing will happen. I could see us having bad weather in the future, but thats always happening anyways do we really need a scapgoat.
post #38 of 158
I've read some interviews with mayan descents. All them deny this apocalyptic prophecy, and some of them even seem offended by the way the west makes financial profit by spreading lies about their cultural heritage, and I can't help but agree in this. Cultural imperialism if you will.

This whole 2012 seems to have been started by some amateurish archeologists 1960's, and been kept alive by the new age community since.
It is based on a simple misinterpretation, analogous to claiming that the world will end in the year of 9999, because there are no more decimal spaces left. Any sensible person immediately notice the possibility to expand the number to 5 decimal spaces, making the following year 10 000.
The mayans organized time in a way similar to our, but instead of using 12 months a year, ten years a decade, hundred years a century and thousand years a millennium, they had 360 days a tun, 20 tuns a katun and 20 katuns a baktun, making a baktun 144 000 days. Many inscriptions indicate the maximum amount of baktuns to be 13, equivalent of ~5125,36332 years. Using some calculations I don't care to elaborate on it has been found that what the mayans considered to be the beginning of time is equivalent to our 11th or 13th of August 3114 BCE. Adding things up you will end up with the dates 21st and 23rd of December 2012. One little problem with this is that time wasn't measured in this way across the mayan empire, different areas had different ways to divide and organize tuns, katuns and baktuns. Additionally, as I mentioned before, there is no reason to believe that when 13 baktuns were reached they wouldn't simply just begin on a new one. In fact inscriptions found at Coba indicate that in fact 20 successive baktuns were possible, making the end of the calendar not to appear before year 4e28 or so.
Another thing worth noting is that the word apocalypse, and what we associate with it is completely a western invention, and has nothing to do with the Maya.
post #39 of 158
post #40 of 158
Quote:
Originally Posted by SemiAudiophile View Post
i'm surprised no one mentioned the Bible...
I wonder why not...

I know you are not trying to break the rules, but this cracked me up.
post #41 of 158
I bought some music today and the total came out to $20.12!!! OMG!!!!!
post #42 of 158
Quote:
Originally Posted by LFF View Post
I bought some music today and the total came out to $20.12!!! OMG!!!!!
Wowww!

I'm SO going to do something completely crazy at twelve past eight today, like eating a cracker or somethin'!
post #43 of 158
Quote:
Originally Posted by limpidglitch View Post
Wowww!

I'm SO going to do something completely crazy at twelve past eight today, like eating a cracker or somethin'!
ill probably just set my driveway on fire and then try and pee on it to put it out like i did for Y2K.
post #44 of 158
The world as we know it will end when we least expect it. It will come as a thief comes in the night.
post #45 of 158
Our regular calendar ends every year on 12/31 and we celebrate and start it over again. I think the end of the Myan calendar should also bring about a worldwide celebration. Sounds like a good excuse for another party. We could even sacrifice a few hundred ignoble politicians and lawyers for the cause; cutting out their hearts as they watch, then beheading them and tossing the bloody head down the temple steps.

Who's with me?
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