I went on a search for your definition of Freedom…this is what I found: Here is a transcript of the video, if you are interested: I just want to say that you’re all going to die. Every last one of you is going to die. What concerns me is that probably 75% of you who … Read more Doing Sh!t with Doug: Freedom
Our government wastes a lot of time on the soap box about issues that really have nothing to do with solving the problem. They spend very little time solving the real problem. Housing prices are a symptom, not the problem. Executive pay was a symptom, not the problem. Madoff was a symptom, not the problem. … Read more Ditech is Wrong…People are Stupid
Exactly what potential home buyers do they think are still out there. Most of those who would have been buyers at this period of time (in a normal market) were enticed to buy 2 years ago. A large portion of those buyers were pulled from future buying demand at that time, so we are currently … Read more Home Buyers?
The FOMC should have left interest rates alone as the housing bubble started to burst, and let home prices fall back to historic trend-lines. Granted there may have been defaults, but they were necessary. These people didn’t deserve to be in these homes in the first place, they bought overpriced assets with no equity up … Read more FED: Finance & Economics Disability or FOMC: First to Originate Make-believe Crisis
What Mrs. Kelly doesn’t see, is that the traditional 20% down payment to secure a loan for an underlying asset that is still likely to drop 10-20% going forward, is not the same security as 20% down in a normal market. Banks would need 30-40% down to not be insane to lend money in this … Read more Response to Mrs. Kelly’s housing analysis on CNBC
As long as everybody continues to think this problem started with housing bubble, when it started with the stock bubble…they are just going to make the wrong decisions and make things worse. Investors are looking for the “boogeyman” in the markets now…when investors were the boogeyman in the markets to begin with.
If Einstein were asked to solve the wrong problem, even he would come to the wrong conclusion. It is my opinion that this is what is happening to the powers that be in the U.S. Federal Reserve and Treasury. Yes, there was a housing bubble, which preceded the current economic problems, but it is NOT … Read more The problem with the current economic solutions