Fed cuts .5% yet again…

[SD Realtor]

DW – Once again I think I need to clarify my stance. Personally I agree that recessions and possibly even depressions are good for an economy. Again my point is not to debate what is or is not good for the economy.

The thing that always seems peculiar to me is the dichotomy of points brought out here. On the one hand the prevailing opinions of this site are that this housing runup has been unprecented with any in our history. Point two, that at no other time in history have we had so much leverage, so much debt, so much corruption, and never ever have we had such a vast secondary market created by the runup in housing. Furthermore it is generally agreed that the these two factors have created a stunning amount of wealth and debt at the same time. So with all that said, shouldn’t we have the MOTHER of all recessions? Those who consistently post facts (and these are facts that I ASOLUTELY AGREE WITH and do not dispute), who do insist on, advocate, and even welcome a recession; shouldn’t that recession in which they are welcoming be a freeking tsunami?

Do you see my point now? I don’t fear a 2001 recession, I don’t fear an early 90’s recession (which by the way many on this site were probably in high school or less at that time) and I recalled the high interest rates of the 80’s all to well. Even the gas lines of the 70’s… Anyways what I fear is, what if all these bears are right on? What if it does come to roost? Would it be good in the long run? Yeah I guess… Would it be like comparing a tornado to a minor squall when comparing it to those other recessions? Absolutely.

So this is what I fear. This is what concerns me much more then anything else. That is why when someone posts be careful what you wish for, I think some of us understand the gravity of that statement much more then others.

Does that make sense?

[GunDoctor]

Nice comments all,

I think that you will find that those who cheerlead and wish for a recession have never really been well…

POOR.

Most people in the country do not even know the real meaning of the word. Those who want it bad most likely have never had to deal extremely bad financial situations. If they had to live (really) poor for even a few weeks they would never cheer or wish that on others. People who have been poor have empathy for those who are now poor. It is a hopeless feeling that I wish no one had to experience. that is why I don’t cheer for a downturn, even while realizing that one is coming.

Don’t belive me. You think that you know what poor is. Well take some of your well off money and take a trip abroad to some 3rd world nations.
For those of you who think poor is eating top ramon and cold cuts, I would tell you that they are plenty that would gladly beat you black and blue for the chance to eat it. Most of us wearing cloths right now more expensive than the monthly food bill of entire families. We talk about million dollar homes here….

I think thats the deal. Be carefull what you wish for, because most of us don’t really know what poor means. Those who do are scared and we should all take note of that.

Anyway, have a great day.
Gun

[GunDoctor]

Nice comments all,

I think that you will find that those who cheerlead and wish for a recession have never really been well…

POOR.

Most people in the country do not even know the real meaning of the word. Those who want it bad most likely have never had to deal extremely bad financial situations. If they had to live (really) poor for even a few weeks they would never cheer or wish that on others. People who have been poor have empathy for those who are now poor. It is a hopeless feeling that I wish no one had to experience. that is why I don’t cheer for a downturn, even while realizing that one is coming.

Don’t belive me. You think that you know what poor is. Well take some of your well off money and take a trip abroad to some 3rd world nations.
For those of you who think poor is eating top ramon and cold cuts, I would tell you that they are plenty that would gladly beat you black and blue for the chance to eat it. Most of us wearing cloths right now more expensive than the monthly food bill of entire families. We talk about million dollar homes here….

I think thats the deal. Be carefull what you wish for, because most of us don’t really know what poor means. Those who do are scared and we should all take note of that.

Anyway, have a great day.
Gun

[GunDoctor]

Nice comments all,

I think that you will find that those who cheerlead and wish for a recession have never really been well…

POOR.

Most people in the country do not even know the real meaning of the word. Those who want it bad most likely have never had to deal extremely bad financial situations. If they had to live (really) poor for even a few weeks they would never cheer or wish that on others. People who have been poor have empathy for those who are now poor. It is a hopeless feeling that I wish no one had to experience. that is why I don’t cheer for a downturn, even while realizing that one is coming.

Don’t belive me. You think that you know what poor is. Well take some of your well off money and take a trip abroad to some 3rd world nations.
For those of you who think poor is eating top ramon and cold cuts, I would tell you that they are plenty that would gladly beat you black and blue for the chance to eat it. Most of us wearing cloths right now more expensive than the monthly food bill of entire families. We talk about million dollar homes here….

I think thats the deal. Be carefull what you wish for, because most of us don’t really know what poor means. Those who do are scared and we should all take note of that.

Anyway, have a great day.
Gun

[GunDoctor]

Nice comments all,

I think that you will find that those who cheerlead and wish for a recession have never really been well…

POOR.

Most people in the country do not even know the real meaning of the word. Those who want it bad most likely have never had to deal extremely bad financial situations. If they had to live (really) poor for even a few weeks they would never cheer or wish that on others. People who have been poor have empathy for those who are now poor. It is a hopeless feeling that I wish no one had to experience. that is why I don’t cheer for a downturn, even while realizing that one is coming.

Don’t belive me. You think that you know what poor is. Well take some of your well off money and take a trip abroad to some 3rd world nations.
For those of you who think poor is eating top ramon and cold cuts, I would tell you that they are plenty that would gladly beat you black and blue for the chance to eat it. Most of us wearing cloths right now more expensive than the monthly food bill of entire families. We talk about million dollar homes here….

I think thats the deal. Be carefull what you wish for, because most of us don’t really know what poor means. Those who do are scared and we should all take note of that.

Anyway, have a great day.
Gun

[GunDoctor]

Nice comments all,

I think that you will find that those who cheerlead and wish for a recession have never really been well…

POOR.

Most people in the country do not even know the real meaning of the word. Those who want it bad most likely have never had to deal extremely bad financial situations. If they had to live (really) poor for even a few weeks they would never cheer or wish that on others. People who have been poor have empathy for those who are now poor. It is a hopeless feeling that I wish no one had to experience. that is why I don’t cheer for a downturn, even while realizing that one is coming.

Don’t belive me. You think that you know what poor is. Well take some of your well off money and take a trip abroad to some 3rd world nations.
For those of you who think poor is eating top ramon and cold cuts, I would tell you that they are plenty that would gladly beat you black and blue for the chance to eat it. Most of us wearing cloths right now more expensive than the monthly food bill of entire families. We talk about million dollar homes here….

I think thats the deal. Be carefull what you wish for, because most of us don’t really know what poor means. Those who do are scared and we should all take note of that.

Anyway, have a great day.
Gun

[Coronita]

FLU, no apology needed, just that it wasn't directed at me is enough. Like the other fiscal conservatives have expressed, I hate bubbles, they are counterproductive to good planning. In a perfect world housing would have gone up 5% a year, stocks and commodities too. It's the drastic swings up and down that screw things up, because despite what anyone says, equilibrium cannot be denied. Speaking of history, no matter how many books we read, everyone has to experience a bubble in order to spot one. I also experienced a meticulous clock cleansing in the dot com bubble and it was that lesson that served me well in the R/E bubble, hopefully today's bubble victim will see the next one coming and act accordingly.

Temeculaguy,

I whole hearted agree with you. I hate bubbles myself. And frankly I really hate all the fast money schemes that have prevailed in the past. And as I stated numerously, I think the governments stand on bailing out irresponsible people is going to cost a lot of us that were responsible, that does make me mad.

BUT, something that really set off my alarm bells recently (and call me a cynical bastard), governments don't tend to bailout individuals…they bailout institutions to avert crisis. And the way the government is reacting (perhaps maybe, and slight maybe an overreaction) to me is telling me that they are anticipating a tsunami. The people that got/getting wiped out on the RE imho are beyond saving at this point. What the Fed is doing now is starting the jeopardize those that are responsible (inclusive). Add inflation and a a recession in the mix, and those responsible folks sitting on cash who simultaneously loose a job, it isn't going to be pretty. The "payback" that some here have expressed (at least the way the current Fed is handling it) isn't going to be just a burden on those that were irresponsible. We're all going to get eaten in various shapes and form.

Personally, I'm increasing my cash reserves (started yesterday), and more assets have gone overseas on my wifes part (China, etc), and I have already started to hunker down in our household's own spending (even though arguably we don't need to yet).

 

SDR, I'm sorry to hear that you got rifted. That sucks. But I'm glad you found things, and hopefully things work out at your new gig. I myself have seen a dramatic turn this beginning of the year. End of last year, I had 8 opennings available in SD. All positions have recently been closed. That's right. tech workers here in SD take note. That's 8 less positions you will be able to move into this year. And I assure you, those were no "vaporware" positions.

 

Anyway, this somewhat humorous cartoon from the past pretty much sums up why I think some folks are in for a rude awakening.[img_assist|nid=6369|title=you_fired_he_fired_we_all_are_fired|desc=|link=node|align=left|width=466|height=177]

http://www.bigtimeconsulting.com/?toon_id=98

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

FLU, no apology needed, just that it wasn't directed at me is enough. Like the other fiscal conservatives have expressed, I hate bubbles, they are counterproductive to good planning. In a perfect world housing would have gone up 5% a year, stocks and commodities too. It's the drastic swings up and down that screw things up, because despite what anyone says, equilibrium cannot be denied. Speaking of history, no matter how many books we read, everyone has to experience a bubble in order to spot one. I also experienced a meticulous clock cleansing in the dot com bubble and it was that lesson that served me well in the R/E bubble, hopefully today's bubble victim will see the next one coming and act accordingly.

Temeculaguy,

I whole hearted agree with you. I hate bubbles myself. And frankly I really hate all the fast money schemes that have prevailed in the past. And as I stated numerously, I think the governments stand on bailing out irresponsible people is going to cost a lot of us that were responsible, that does make me mad.

BUT, something that really set off my alarm bells recently (and call me a cynical bastard), governments don't tend to bailout individuals…they bailout institutions to avert crisis. And the way the government is reacting (perhaps maybe, and slight maybe an overreaction) to me is telling me that they are anticipating a tsunami. The people that got/getting wiped out on the RE imho are beyond saving at this point. What the Fed is doing now is starting the jeopardize those that are responsible (inclusive). Add inflation and a a recession in the mix, and those responsible folks sitting on cash who simultaneously loose a job, it isn't going to be pretty. The "payback" that some here have expressed (at least the way the current Fed is handling it) isn't going to be just a burden on those that were irresponsible. We're all going to get eaten in various shapes and form.

Personally, I'm increasing my cash reserves (started yesterday), and more assets have gone overseas on my wifes part (China, etc), and I have already started to hunker down in our household's own spending (even though arguably we don't need to yet).

 

SDR, I'm sorry to hear that you got rifted. That sucks. But I'm glad you found things, and hopefully things work out at your new gig. I myself have seen a dramatic turn this beginning of the year. End of last year, I had 8 opennings available in SD. All positions have recently been closed. That's right. tech workers here in SD take note. That's 8 less positions you will be able to move into this year. And I assure you, those were no "vaporware" positions.

 

Anyway, this somewhat humorous cartoon from the past pretty much sums up why I think some folks are in for a rude awakening.[img_assist|nid=6369|title=you_fired_he_fired_we_all_are_fired|desc=|link=node|align=left|width=466|height=177]

http://www.bigtimeconsulting.com/?toon_id=98

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

FLU, no apology needed, just that it wasn't directed at me is enough. Like the other fiscal conservatives have expressed, I hate bubbles, they are counterproductive to good planning. In a perfect world housing would have gone up 5% a year, stocks and commodities too. It's the drastic swings up and down that screw things up, because despite what anyone says, equilibrium cannot be denied. Speaking of history, no matter how many books we read, everyone has to experience a bubble in order to spot one. I also experienced a meticulous clock cleansing in the dot com bubble and it was that lesson that served me well in the R/E bubble, hopefully today's bubble victim will see the next one coming and act accordingly.

Temeculaguy,

I whole hearted agree with you. I hate bubbles myself. And frankly I really hate all the fast money schemes that have prevailed in the past. And as I stated numerously, I think the governments stand on bailing out irresponsible people is going to cost a lot of us that were responsible, that does make me mad.

BUT, something that really set off my alarm bells recently (and call me a cynical bastard), governments don't tend to bailout individuals…they bailout institutions to avert crisis. And the way the government is reacting (perhaps maybe, and slight maybe an overreaction) to me is telling me that they are anticipating a tsunami. The people that got/getting wiped out on the RE imho are beyond saving at this point. What the Fed is doing now is starting the jeopardize those that are responsible (inclusive). Add inflation and a a recession in the mix, and those responsible folks sitting on cash who simultaneously loose a job, it isn't going to be pretty. The "payback" that some here have expressed (at least the way the current Fed is handling it) isn't going to be just a burden on those that were irresponsible. We're all going to get eaten in various shapes and form.

Personally, I'm increasing my cash reserves (started yesterday), and more assets have gone overseas on my wifes part (China, etc), and I have already started to hunker down in our household's own spending (even though arguably we don't need to yet).

 

SDR, I'm sorry to hear that you got rifted. That sucks. But I'm glad you found things, and hopefully things work out at your new gig. I myself have seen a dramatic turn this beginning of the year. End of last year, I had 8 opennings available in SD. All positions have recently been closed. That's right. tech workers here in SD take note. That's 8 less positions you will be able to move into this year. And I assure you, those were no "vaporware" positions.

 

Anyway, this somewhat humorous cartoon from the past pretty much sums up why I think some folks are in for a rude awakening.[img_assist|nid=6369|title=you_fired_he_fired_we_all_are_fired|desc=|link=node|align=left|width=466|height=177]

http://www.bigtimeconsulting.com/?toon_id=98

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

FLU, no apology needed, just that it wasn't directed at me is enough. Like the other fiscal conservatives have expressed, I hate bubbles, they are counterproductive to good planning. In a perfect world housing would have gone up 5% a year, stocks and commodities too. It's the drastic swings up and down that screw things up, because despite what anyone says, equilibrium cannot be denied. Speaking of history, no matter how many books we read, everyone has to experience a bubble in order to spot one. I also experienced a meticulous clock cleansing in the dot com bubble and it was that lesson that served me well in the R/E bubble, hopefully today's bubble victim will see the next one coming and act accordingly.

Temeculaguy,

I whole hearted agree with you. I hate bubbles myself. And frankly I really hate all the fast money schemes that have prevailed in the past. And as I stated numerously, I think the governments stand on bailing out irresponsible people is going to cost a lot of us that were responsible, that does make me mad.

BUT, something that really set off my alarm bells recently (and call me a cynical bastard), governments don't tend to bailout individuals…they bailout institutions to avert crisis. And the way the government is reacting (perhaps maybe, and slight maybe an overreaction) to me is telling me that they are anticipating a tsunami. The people that got/getting wiped out on the RE imho are beyond saving at this point. What the Fed is doing now is starting the jeopardize those that are responsible (inclusive). Add inflation and a a recession in the mix, and those responsible folks sitting on cash who simultaneously loose a job, it isn't going to be pretty. The "payback" that some here have expressed (at least the way the current Fed is handling it) isn't going to be just a burden on those that were irresponsible. We're all going to get eaten in various shapes and form.

Personally, I'm increasing my cash reserves (started yesterday), and more assets have gone overseas on my wifes part (China, etc), and I have already started to hunker down in our household's own spending (even though arguably we don't need to yet).

 

SDR, I'm sorry to hear that you got rifted. That sucks. But I'm glad you found things, and hopefully things work out at your new gig. I myself have seen a dramatic turn this beginning of the year. End of last year, I had 8 opennings available in SD. All positions have recently been closed. That's right. tech workers here in SD take note. That's 8 less positions you will be able to move into this year. And I assure you, those were no "vaporware" positions.

 

Anyway, this somewhat humorous cartoon from the past pretty much sums up why I think some folks are in for a rude awakening.[img_assist|nid=6369|title=you_fired_he_fired_we_all_are_fired|desc=|link=node|align=left|width=466|height=177]

http://www.bigtimeconsulting.com/?toon_id=98

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

FLU, no apology needed, just that it wasn't directed at me is enough. Like the other fiscal conservatives have expressed, I hate bubbles, they are counterproductive to good planning. In a perfect world housing would have gone up 5% a year, stocks and commodities too. It's the drastic swings up and down that screw things up, because despite what anyone says, equilibrium cannot be denied. Speaking of history, no matter how many books we read, everyone has to experience a bubble in order to spot one. I also experienced a meticulous clock cleansing in the dot com bubble and it was that lesson that served me well in the R/E bubble, hopefully today's bubble victim will see the next one coming and act accordingly.

Temeculaguy,

I whole hearted agree with you. I hate bubbles myself. And frankly I really hate all the fast money schemes that have prevailed in the past. And as I stated numerously, I think the governments stand on bailing out irresponsible people is going to cost a lot of us that were responsible, that does make me mad.

BUT, something that really set off my alarm bells recently (and call me a cynical bastard), governments don't tend to bailout individuals…they bailout institutions to avert crisis. And the way the government is reacting (perhaps maybe, and slight maybe an overreaction) to me is telling me that they are anticipating a tsunami. The people that got/getting wiped out on the RE imho are beyond saving at this point. What the Fed is doing now is starting the jeopardize those that are responsible (inclusive). Add inflation and a a recession in the mix, and those responsible folks sitting on cash who simultaneously loose a job, it isn't going to be pretty. The "payback" that some here have expressed (at least the way the current Fed is handling it) isn't going to be just a burden on those that were irresponsible. We're all going to get eaten in various shapes and form.

Personally, I'm increasing my cash reserves (started yesterday), and more assets have gone overseas on my wifes part (China, etc), and I have already started to hunker down in our household's own spending (even though arguably we don't need to yet).

 

SDR, I'm sorry to hear that you got rifted. That sucks. But I'm glad you found things, and hopefully things work out at your new gig. I myself have seen a dramatic turn this beginning of the year. End of last year, I had 8 opennings available in SD. All positions have recently been closed. That's right. tech workers here in SD take note. That's 8 less positions you will be able to move into this year. And I assure you, those were no "vaporware" positions.

 

Anyway, this somewhat humorous cartoon from the past pretty much sums up why I think some folks are in for a rude awakening.[img_assist|nid=6369|title=you_fired_he_fired_we_all_are_fired|desc=|link=node|align=left|width=466|height=177]

http://www.bigtimeconsulting.com/?toon_id=98

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[lendingbubblecontinues]

SD R-

I’m sorry to hear about your predicament.

“just keep that mindset in your memory when a good friend or family member loses a job or suffers a hardship in the next few years.”

You do realize that job losses and hardships occur in good times as well as bad, don’t you? This country actually needs to go through a shedding of this excess and bloat, else it won’t even exist in two generations.

So my “cavalier” attitude and “shortsightedness” are actually not poor character traits, rather they are reality-driven and exist to protect the ability of my children to have a good life.

Look around you…do you see people of substance doing good things on a regular basis? Or has this become a me-me-me society with nearly everyone trying to get “theirs” at the expense of everyone else (character be damned)? I see a country filled with selfish, greedy, over-entitled losers who need a check-up from the neck-up. Anyone who takes exception to this probably fits the description.

[lendingbubblecontinues]

SD R-

I’m sorry to hear about your predicament.

“just keep that mindset in your memory when a good friend or family member loses a job or suffers a hardship in the next few years.”

You do realize that job losses and hardships occur in good times as well as bad, don’t you? This country actually needs to go through a shedding of this excess and bloat, else it won’t even exist in two generations.

So my “cavalier” attitude and “shortsightedness” are actually not poor character traits, rather they are reality-driven and exist to protect the ability of my children to have a good life.

Look around you…do you see people of substance doing good things on a regular basis? Or has this become a me-me-me society with nearly everyone trying to get “theirs” at the expense of everyone else (character be damned)? I see a country filled with selfish, greedy, over-entitled losers who need a check-up from the neck-up. Anyone who takes exception to this probably fits the description.

[lendingbubblecontinues]

SD R-

I’m sorry to hear about your predicament.

“just keep that mindset in your memory when a good friend or family member loses a job or suffers a hardship in the next few years.”

You do realize that job losses and hardships occur in good times as well as bad, don’t you? This country actually needs to go through a shedding of this excess and bloat, else it won’t even exist in two generations.

So my “cavalier” attitude and “shortsightedness” are actually not poor character traits, rather they are reality-driven and exist to protect the ability of my children to have a good life.

Look around you…do you see people of substance doing good things on a regular basis? Or has this become a me-me-me society with nearly everyone trying to get “theirs” at the expense of everyone else (character be damned)? I see a country filled with selfish, greedy, over-entitled losers who need a check-up from the neck-up. Anyone who takes exception to this probably fits the description.

[lendingbubblecontinues]

SD R-

I’m sorry to hear about your predicament.

“just keep that mindset in your memory when a good friend or family member loses a job or suffers a hardship in the next few years.”

You do realize that job losses and hardships occur in good times as well as bad, don’t you? This country actually needs to go through a shedding of this excess and bloat, else it won’t even exist in two generations.

So my “cavalier” attitude and “shortsightedness” are actually not poor character traits, rather they are reality-driven and exist to protect the ability of my children to have a good life.

Look around you…do you see people of substance doing good things on a regular basis? Or has this become a me-me-me society with nearly everyone trying to get “theirs” at the expense of everyone else (character be damned)? I see a country filled with selfish, greedy, over-entitled losers who need a check-up from the neck-up. Anyone who takes exception to this probably fits the description.

[Author]

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