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DWCAP.
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January 25, 2009 at 9:13 PM #14916January 25, 2009 at 9:23 PM #336016
TheBreeze
ParticipantBy the way, I think these higher rates show that there is no way government can stop a deflationary spiral. The more they muck with the market, the higher rates are going to go and the less credit that will ultimately be available. Less credit=deflation.
Rich would argue that the government can just cut everyone a check for $10 million, but there would be a massive taxpayer revolt if that happened. Household wealth has decreased $20 trillion in two years ( http://www.atimes.com/atimes/Global_Economy/KA23Dj07.html ) and there is starting to be some serious resistance to the paltry-in-comparison $800 billion stimulus that would be spent over the next two years.
There will also probably be some additional TARPs and other things that may amount to two or three trillion overall, but there is no way that the government is going to be able to keep up with the $10 trillion/year decline in household wealth.
Deflation here we come. I for one look forward to more reasonably priced goods and services.
January 25, 2009 at 9:23 PM #336344ParticipantBy the way, I think these higher rates show that there is no way government can stop a deflationary spiral. The more they muck with the market, the higher rates are going to go and the less credit that will ultimately be available. Less credit=deflation.
Rich would argue that the government can just cut everyone a check for $10 million, but there would be a massive taxpayer revolt if that happened. Household wealth has decreased $20 trillion in two years ( http://www.atimes.com/atimes/Global_Economy/KA23Dj07.html ) and there is starting to be some serious resistance to the paltry-in-comparison $800 billion stimulus that would be spent over the next two years.
There will also probably be some additional TARPs and other things that may amount to two or three trillion overall, but there is no way that the government is going to be able to keep up with the $10 trillion/year decline in household wealth.
Deflation here we come. I for one look forward to more reasonably priced goods and services.
January 25, 2009 at 9:23 PM #336432ParticipantBy the way, I think these higher rates show that there is no way government can stop a deflationary spiral. The more they muck with the market, the higher rates are going to go and the less credit that will ultimately be available. Less credit=deflation.
Rich would argue that the government can just cut everyone a check for $10 million, but there would be a massive taxpayer revolt if that happened. Household wealth has decreased $20 trillion in two years ( http://www.atimes.com/atimes/Global_Economy/KA23Dj07.html ) and there is starting to be some serious resistance to the paltry-in-comparison $800 billion stimulus that would be spent over the next two years.
There will also probably be some additional TARPs and other things that may amount to two or three trillion overall, but there is no way that the government is going to be able to keep up with the $10 trillion/year decline in household wealth.
Deflation here we come. I for one look forward to more reasonably priced goods and services.
January 25, 2009 at 9:23 PM #336461ParticipantBy the way, I think these higher rates show that there is no way government can stop a deflationary spiral. The more they muck with the market, the higher rates are going to go and the less credit that will ultimately be available. Less credit=deflation.
Rich would argue that the government can just cut everyone a check for $10 million, but there would be a massive taxpayer revolt if that happened. Household wealth has decreased $20 trillion in two years ( http://www.atimes.com/atimes/Global_Economy/KA23Dj07.html ) and there is starting to be some serious resistance to the paltry-in-comparison $800 billion stimulus that would be spent over the next two years.
There will also probably be some additional TARPs and other things that may amount to two or three trillion overall, but there is no way that the government is going to be able to keep up with the $10 trillion/year decline in household wealth.
Deflation here we come. I for one look forward to more reasonably priced goods and services.
January 25, 2009 at 9:23 PM #336548ParticipantBy the way, I think these higher rates show that there is no way government can stop a deflationary spiral. The more they muck with the market, the higher rates are going to go and the less credit that will ultimately be available. Less credit=deflation.
Rich would argue that the government can just cut everyone a check for $10 million, but there would be a massive taxpayer revolt if that happened. Household wealth has decreased $20 trillion in two years ( http://www.atimes.com/atimes/Global_Economy/KA23Dj07.html ) and there is starting to be some serious resistance to the paltry-in-comparison $800 billion stimulus that would be spent over the next two years.
There will also probably be some additional TARPs and other things that may amount to two or three trillion overall, but there is no way that the government is going to be able to keep up with the $10 trillion/year decline in household wealth.
Deflation here we come. I for one look forward to more reasonably priced goods and services.
January 25, 2009 at 10:28 PM #336054LuckyInOC
ParticipantBreeze,
Please define ‘Household Wealth’…
Is it defined as:
1. Equity in Homes that were fraudulently inflated by Subprime and Alt-A loans.
2. Stock Market and 401K increases due to Reloc’s used purchase consumer good that have no lasting value (HDTV’s, Electronics, Cars, Clothes, Restaurants, Plasic Surgery, etc.)
I bet ‘Household Wealth’ increased at least that much in the last 2 to 7 years due to the above two items.
This is not wealth, it is only bytes on a balance sheet. It only becomes wealth when it becomes a currency that retains its value over time. Until then, it is only speculative value.
This is one big governmental ‘Mulligan’ back to 2001/2002. Except now they cannot use housing to stimulate the economy. They are using your future taxes and your kids taxes and their kids taxes to pay for this mess.
Take notice, the only thing that will not deflate in the coming years will be the State and Federal Government’s budgets or taxes…
They will give you a $1000 check today and tax you $3000 tomorrow… you watch…
California is a prime example…
Any check I get from the Fed will go straight to Sacramento in higher taxes… what kind of stimulus is this…
Lucky In OC
January 25, 2009 at 10:28 PM #336384ParticipantBreeze,
Please define ‘Household Wealth’…
Is it defined as:
1. Equity in Homes that were fraudulently inflated by Subprime and Alt-A loans.
2. Stock Market and 401K increases due to Reloc’s used purchase consumer good that have no lasting value (HDTV’s, Electronics, Cars, Clothes, Restaurants, Plasic Surgery, etc.)
I bet ‘Household Wealth’ increased at least that much in the last 2 to 7 years due to the above two items.
This is not wealth, it is only bytes on a balance sheet. It only becomes wealth when it becomes a currency that retains its value over time. Until then, it is only speculative value.
This is one big governmental ‘Mulligan’ back to 2001/2002. Except now they cannot use housing to stimulate the economy. They are using your future taxes and your kids taxes and their kids taxes to pay for this mess.
Take notice, the only thing that will not deflate in the coming years will be the State and Federal Government’s budgets or taxes…
They will give you a $1000 check today and tax you $3000 tomorrow… you watch…
California is a prime example…
Any check I get from the Fed will go straight to Sacramento in higher taxes… what kind of stimulus is this…
Lucky In OC
January 25, 2009 at 10:28 PM #336472ParticipantBreeze,
Please define ‘Household Wealth’…
Is it defined as:
1. Equity in Homes that were fraudulently inflated by Subprime and Alt-A loans.
2. Stock Market and 401K increases due to Reloc’s used purchase consumer good that have no lasting value (HDTV’s, Electronics, Cars, Clothes, Restaurants, Plasic Surgery, etc.)
I bet ‘Household Wealth’ increased at least that much in the last 2 to 7 years due to the above two items.
This is not wealth, it is only bytes on a balance sheet. It only becomes wealth when it becomes a currency that retains its value over time. Until then, it is only speculative value.
This is one big governmental ‘Mulligan’ back to 2001/2002. Except now they cannot use housing to stimulate the economy. They are using your future taxes and your kids taxes and their kids taxes to pay for this mess.
Take notice, the only thing that will not deflate in the coming years will be the State and Federal Government’s budgets or taxes…
They will give you a $1000 check today and tax you $3000 tomorrow… you watch…
California is a prime example…
Any check I get from the Fed will go straight to Sacramento in higher taxes… what kind of stimulus is this…
Lucky In OC
January 25, 2009 at 10:28 PM #336501ParticipantBreeze,
Please define ‘Household Wealth’…
Is it defined as:
1. Equity in Homes that were fraudulently inflated by Subprime and Alt-A loans.
2. Stock Market and 401K increases due to Reloc’s used purchase consumer good that have no lasting value (HDTV’s, Electronics, Cars, Clothes, Restaurants, Plasic Surgery, etc.)
I bet ‘Household Wealth’ increased at least that much in the last 2 to 7 years due to the above two items.
This is not wealth, it is only bytes on a balance sheet. It only becomes wealth when it becomes a currency that retains its value over time. Until then, it is only speculative value.
This is one big governmental ‘Mulligan’ back to 2001/2002. Except now they cannot use housing to stimulate the economy. They are using your future taxes and your kids taxes and their kids taxes to pay for this mess.
Take notice, the only thing that will not deflate in the coming years will be the State and Federal Government’s budgets or taxes…
They will give you a $1000 check today and tax you $3000 tomorrow… you watch…
California is a prime example…
Any check I get from the Fed will go straight to Sacramento in higher taxes… what kind of stimulus is this…
Lucky In OC
January 25, 2009 at 10:28 PM #336588ParticipantBreeze,
Please define ‘Household Wealth’…
Is it defined as:
1. Equity in Homes that were fraudulently inflated by Subprime and Alt-A loans.
2. Stock Market and 401K increases due to Reloc’s used purchase consumer good that have no lasting value (HDTV’s, Electronics, Cars, Clothes, Restaurants, Plasic Surgery, etc.)
I bet ‘Household Wealth’ increased at least that much in the last 2 to 7 years due to the above two items.
This is not wealth, it is only bytes on a balance sheet. It only becomes wealth when it becomes a currency that retains its value over time. Until then, it is only speculative value.
This is one big governmental ‘Mulligan’ back to 2001/2002. Except now they cannot use housing to stimulate the economy. They are using your future taxes and your kids taxes and their kids taxes to pay for this mess.
Take notice, the only thing that will not deflate in the coming years will be the State and Federal Government’s budgets or taxes…
They will give you a $1000 check today and tax you $3000 tomorrow… you watch…
California is a prime example…
Any check I get from the Fed will go straight to Sacramento in higher taxes… what kind of stimulus is this…
Lucky In OC
January 25, 2009 at 11:39 PM #336074jpinpb
ParticipantCouple of things. First, there are only a few states out of the 50 that are experiencing a housing crisis and eventually all the other states will be protesting to all these taxpayer bailouts.
Second, every time I go through the long list of NODs throughout San Diego County, there are some people that extracted an incredible amount of equity from their property.
Now, what they did w/the cash is another story. Did it get all spent back in the economy? Did they put it in an offshore account, under a mattress?
Whatever was done, regardless of the fraudulent factor, there was “wealth.” Some of it was pumped back into the economy. Some of it may be stashed by the smart ones. (I would not be in that category, since I didn’t participate in the scam)
January 25, 2009 at 11:39 PM #336404ParticipantCouple of things. First, there are only a few states out of the 50 that are experiencing a housing crisis and eventually all the other states will be protesting to all these taxpayer bailouts.
Second, every time I go through the long list of NODs throughout San Diego County, there are some people that extracted an incredible amount of equity from their property.
Now, what they did w/the cash is another story. Did it get all spent back in the economy? Did they put it in an offshore account, under a mattress?
Whatever was done, regardless of the fraudulent factor, there was “wealth.” Some of it was pumped back into the economy. Some of it may be stashed by the smart ones. (I would not be in that category, since I didn’t participate in the scam)
January 25, 2009 at 11:39 PM #336492ParticipantCouple of things. First, there are only a few states out of the 50 that are experiencing a housing crisis and eventually all the other states will be protesting to all these taxpayer bailouts.
Second, every time I go through the long list of NODs throughout San Diego County, there are some people that extracted an incredible amount of equity from their property.
Now, what they did w/the cash is another story. Did it get all spent back in the economy? Did they put it in an offshore account, under a mattress?
Whatever was done, regardless of the fraudulent factor, there was “wealth.” Some of it was pumped back into the economy. Some of it may be stashed by the smart ones. (I would not be in that category, since I didn’t participate in the scam)
January 25, 2009 at 11:39 PM #336521ParticipantCouple of things. First, there are only a few states out of the 50 that are experiencing a housing crisis and eventually all the other states will be protesting to all these taxpayer bailouts.
Second, every time I go through the long list of NODs throughout San Diego County, there are some people that extracted an incredible amount of equity from their property.
Now, what they did w/the cash is another story. Did it get all spent back in the economy? Did they put it in an offshore account, under a mattress?
Whatever was done, regardless of the fraudulent factor, there was “wealth.” Some of it was pumped back into the economy. Some of it may be stashed by the smart ones. (I would not be in that category, since I didn’t participate in the scam)
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