Fed cuts .5% yet again…

[patientlywaiting]

With all due respect, mind if I ask what you or your business does that would allow you to do well in slow economies but not "even better" in good economy?

It's all relative.  It's not how well I do total, but how well I do relative to the people around me.  Think on it on a curve.

"Personally, I've got nothing to worry about." Is the same true for all of your relatives and friends?

Well, my friends and relatives who were profligate need a good dose of reality just like everyone else.  Some tough love is needed.  $600 checks a la Bush don't do any good. 

SD Realtor, we're not going back to the Grapes of Wrath.  But 12% unemployment is possible.  I would not feel sorry for the people who borrowed to the hilt to live in McMansions and drive SUVs.  What's wrong with living in an apartment and borrowing a book from the library for week-end entertainment? 

[DWCAP]

SD R,

Of course it makes sense. I tend to agree with you. I am one of those who you refer to as were in High school in the early 90’s recession, cept it was more like grade school for me. I can barley remember the Bush#1/Clinton#1 debates, never mind the gas lines of the 70’s, I wasn’t born then. The only experience I have with true economic pain is from talking to my grandparents. They were farmers in the Depression, barley holding onto the farm. My grandma tells stories about how all the women traded grain sacks after the planting to get the same paterns so they could make clothes for the kids. Do you really think anyone wants to clothes their kids in grain sacks? But people make do.
I understand your point. I am worried about a small recession like the 1990’s today. I dont know how well we will stand it. I can see us so over leveraged and unable to cope that your worst fears start showing up. However I am young and an optimist and I feel we will avoid that, but I cant be certain. I wasnt trying to disavow any worry or fear. That is healthy, and needed.
My point was only that too many people, especially in our government or the special interest groups that think for it, use the worst case questions you listed to prod people into doing some quick fix that will just make it worse in the future. Look at this stimulus they are passing. 150-200Billion in wasted debt. My generation is gonna have to pay that back, plus interest. That is $$ that could do alot of good, but instead it is being wasted for a feel good election year giveaway to keep the same useless politicians in office. Why do we have a FED, FDIC, FBI, Fanny/Freddie and the myrid of other regulatory agencies if they wont protect us from the worst asset bubble in modern history? Not lame prosicution’s 3-5 years afterwards, but real regulation, where you look the corrupt _______ (insert job title) in the face and say “NO” before the fact. That is what I was trying to point out. Fear, especially mass fear, can make people do stupid things. Questions like “do you want….(bad thing)…or….(very bad thing) well then do as I say” have been used too many times in the worst of ways.
So we spin the merry-go-round on more time and delay the day the bill collector shows up. This is a much more likely way to get the date you fear so much. I dont want pain, I dont want suffering. I know damn well that everyone’s job can be lost. I dont want people on the streets or kids who can only afford to eat at school and go to bed hungry. All that can and does happen. I am not kidding myself. But I also want to settle the tab now, instead of later, because what I really dont want to do is clothe my kid in grain sacks.

[DWCAP]

SD R,

Of course it makes sense. I tend to agree with you. I am one of those who you refer to as were in High school in the early 90’s recession, cept it was more like grade school for me. I can barley remember the Bush#1/Clinton#1 debates, never mind the gas lines of the 70’s, I wasn’t born then. The only experience I have with true economic pain is from talking to my grandparents. They were farmers in the Depression, barley holding onto the farm. My grandma tells stories about how all the women traded grain sacks after the planting to get the same paterns so they could make clothes for the kids. Do you really think anyone wants to clothes their kids in grain sacks? But people make do.
I understand your point. I am worried about a small recession like the 1990’s today. I dont know how well we will stand it. I can see us so over leveraged and unable to cope that your worst fears start showing up. However I am young and an optimist and I feel we will avoid that, but I cant be certain. I wasnt trying to disavow any worry or fear. That is healthy, and needed.
My point was only that too many people, especially in our government or the special interest groups that think for it, use the worst case questions you listed to prod people into doing some quick fix that will just make it worse in the future. Look at this stimulus they are passing. 150-200Billion in wasted debt. My generation is gonna have to pay that back, plus interest. That is $$ that could do alot of good, but instead it is being wasted for a feel good election year giveaway to keep the same useless politicians in office. Why do we have a FED, FDIC, FBI, Fanny/Freddie and the myrid of other regulatory agencies if they wont protect us from the worst asset bubble in modern history? Not lame prosicution’s 3-5 years afterwards, but real regulation, where you look the corrupt _______ (insert job title) in the face and say “NO” before the fact. That is what I was trying to point out. Fear, especially mass fear, can make people do stupid things. Questions like “do you want….(bad thing)…or….(very bad thing) well then do as I say” have been used too many times in the worst of ways.
So we spin the merry-go-round on more time and delay the day the bill collector shows up. This is a much more likely way to get the date you fear so much. I dont want pain, I dont want suffering. I know damn well that everyone’s job can be lost. I dont want people on the streets or kids who can only afford to eat at school and go to bed hungry. All that can and does happen. I am not kidding myself. But I also want to settle the tab now, instead of later, because what I really dont want to do is clothe my kid in grain sacks.

[DWCAP]

SD R,

Of course it makes sense. I tend to agree with you. I am one of those who you refer to as were in High school in the early 90’s recession, cept it was more like grade school for me. I can barley remember the Bush#1/Clinton#1 debates, never mind the gas lines of the 70’s, I wasn’t born then. The only experience I have with true economic pain is from talking to my grandparents. They were farmers in the Depression, barley holding onto the farm. My grandma tells stories about how all the women traded grain sacks after the planting to get the same paterns so they could make clothes for the kids. Do you really think anyone wants to clothes their kids in grain sacks? But people make do.
I understand your point. I am worried about a small recession like the 1990’s today. I dont know how well we will stand it. I can see us so over leveraged and unable to cope that your worst fears start showing up. However I am young and an optimist and I feel we will avoid that, but I cant be certain. I wasnt trying to disavow any worry or fear. That is healthy, and needed.
My point was only that too many people, especially in our government or the special interest groups that think for it, use the worst case questions you listed to prod people into doing some quick fix that will just make it worse in the future. Look at this stimulus they are passing. 150-200Billion in wasted debt. My generation is gonna have to pay that back, plus interest. That is $$ that could do alot of good, but instead it is being wasted for a feel good election year giveaway to keep the same useless politicians in office. Why do we have a FED, FDIC, FBI, Fanny/Freddie and the myrid of other regulatory agencies if they wont protect us from the worst asset bubble in modern history? Not lame prosicution’s 3-5 years afterwards, but real regulation, where you look the corrupt _______ (insert job title) in the face and say “NO” before the fact. That is what I was trying to point out. Fear, especially mass fear, can make people do stupid things. Questions like “do you want….(bad thing)…or….(very bad thing) well then do as I say” have been used too many times in the worst of ways.
So we spin the merry-go-round on more time and delay the day the bill collector shows up. This is a much more likely way to get the date you fear so much. I dont want pain, I dont want suffering. I know damn well that everyone’s job can be lost. I dont want people on the streets or kids who can only afford to eat at school and go to bed hungry. All that can and does happen. I am not kidding myself. But I also want to settle the tab now, instead of later, because what I really dont want to do is clothe my kid in grain sacks.

[DWCAP]

SD R,

Of course it makes sense. I tend to agree with you. I am one of those who you refer to as were in High school in the early 90’s recession, cept it was more like grade school for me. I can barley remember the Bush#1/Clinton#1 debates, never mind the gas lines of the 70’s, I wasn’t born then. The only experience I have with true economic pain is from talking to my grandparents. They were farmers in the Depression, barley holding onto the farm. My grandma tells stories about how all the women traded grain sacks after the planting to get the same paterns so they could make clothes for the kids. Do you really think anyone wants to clothes their kids in grain sacks? But people make do.
I understand your point. I am worried about a small recession like the 1990’s today. I dont know how well we will stand it. I can see us so over leveraged and unable to cope that your worst fears start showing up. However I am young and an optimist and I feel we will avoid that, but I cant be certain. I wasnt trying to disavow any worry or fear. That is healthy, and needed.
My point was only that too many people, especially in our government or the special interest groups that think for it, use the worst case questions you listed to prod people into doing some quick fix that will just make it worse in the future. Look at this stimulus they are passing. 150-200Billion in wasted debt. My generation is gonna have to pay that back, plus interest. That is $$ that could do alot of good, but instead it is being wasted for a feel good election year giveaway to keep the same useless politicians in office. Why do we have a FED, FDIC, FBI, Fanny/Freddie and the myrid of other regulatory agencies if they wont protect us from the worst asset bubble in modern history? Not lame prosicution’s 3-5 years afterwards, but real regulation, where you look the corrupt _______ (insert job title) in the face and say “NO” before the fact. That is what I was trying to point out. Fear, especially mass fear, can make people do stupid things. Questions like “do you want….(bad thing)…or….(very bad thing) well then do as I say” have been used too many times in the worst of ways.
So we spin the merry-go-round on more time and delay the day the bill collector shows up. This is a much more likely way to get the date you fear so much. I dont want pain, I dont want suffering. I know damn well that everyone’s job can be lost. I dont want people on the streets or kids who can only afford to eat at school and go to bed hungry. All that can and does happen. I am not kidding myself. But I also want to settle the tab now, instead of later, because what I really dont want to do is clothe my kid in grain sacks.

[DWCAP]

SD R,

Of course it makes sense. I tend to agree with you. I am one of those who you refer to as were in High school in the early 90’s recession, cept it was more like grade school for me. I can barley remember the Bush#1/Clinton#1 debates, never mind the gas lines of the 70’s, I wasn’t born then. The only experience I have with true economic pain is from talking to my grandparents. They were farmers in the Depression, barley holding onto the farm. My grandma tells stories about how all the women traded grain sacks after the planting to get the same paterns so they could make clothes for the kids. Do you really think anyone wants to clothes their kids in grain sacks? But people make do.
I understand your point. I am worried about a small recession like the 1990’s today. I dont know how well we will stand it. I can see us so over leveraged and unable to cope that your worst fears start showing up. However I am young and an optimist and I feel we will avoid that, but I cant be certain. I wasnt trying to disavow any worry or fear. That is healthy, and needed.
My point was only that too many people, especially in our government or the special interest groups that think for it, use the worst case questions you listed to prod people into doing some quick fix that will just make it worse in the future. Look at this stimulus they are passing. 150-200Billion in wasted debt. My generation is gonna have to pay that back, plus interest. That is $$ that could do alot of good, but instead it is being wasted for a feel good election year giveaway to keep the same useless politicians in office. Why do we have a FED, FDIC, FBI, Fanny/Freddie and the myrid of other regulatory agencies if they wont protect us from the worst asset bubble in modern history? Not lame prosicution’s 3-5 years afterwards, but real regulation, where you look the corrupt _______ (insert job title) in the face and say “NO” before the fact. That is what I was trying to point out. Fear, especially mass fear, can make people do stupid things. Questions like “do you want….(bad thing)…or….(very bad thing) well then do as I say” have been used too many times in the worst of ways.
So we spin the merry-go-round on more time and delay the day the bill collector shows up. This is a much more likely way to get the date you fear so much. I dont want pain, I dont want suffering. I know damn well that everyone’s job can be lost. I dont want people on the streets or kids who can only afford to eat at school and go to bed hungry. All that can and does happen. I am not kidding myself. But I also want to settle the tab now, instead of later, because what I really dont want to do is clothe my kid in grain sacks.

[SD Realtor]

Patientlywaiting, JWM and lendingbubble first off I don’t think any of you guys are pricks. I think that your opinions are perfectly valid and I do not disagree at all. I absolutely 100% believe and really want the following… no bailout, no intervention, no changing of any limits, no stimulus garbage, no SPENDING of my tax money to subsidze this mess… I 100% want the market to operate in a free and unfettered way because that is how it will return to a healthy state with the least amount of cost to me.

I do realize that this will require pain. It could be alot of pain… the likes with which we have never ever seen. I could not agree more about wanting a much healthier and stronger country for my kids. I look at the now as they toddle around and sometimes cannot help but think how much worse off the world is that they are growing up in then when I was in diapers.

Settling the tab now is the best thing for them. I just have a fearful stance of that bad medicine. I don’t have the hooray bring it on mentality. I have prepped myself for it as much as I can and as well prepared as I think I am, the REALITY of the situation is that nobody here knows how bad it could be. I am never fearful of the known. I am always fearful of the unknown. So my whole point in this post is that there is this supreme confidence by people saying bring it on when they don’t, and cannot, even define what it is they are asking to bring on.

Seems kind of Bush like to me. (and I voted for him!)

Again, try to understand. I want the nation to be better, I want the fix, I want the bad medicine. Just because I fear it doesn’t mean I don’t want it to happen. Don’t mistake that cautious approach for endorsing the way things have been.

I will try once more, does that make sense?

SD Realtor

[SD Realtor]

Patientlywaiting, JWM and lendingbubble first off I don’t think any of you guys are pricks. I think that your opinions are perfectly valid and I do not disagree at all. I absolutely 100% believe and really want the following… no bailout, no intervention, no changing of any limits, no stimulus garbage, no SPENDING of my tax money to subsidze this mess… I 100% want the market to operate in a free and unfettered way because that is how it will return to a healthy state with the least amount of cost to me.

I do realize that this will require pain. It could be alot of pain… the likes with which we have never ever seen. I could not agree more about wanting a much healthier and stronger country for my kids. I look at the now as they toddle around and sometimes cannot help but think how much worse off the world is that they are growing up in then when I was in diapers.

Settling the tab now is the best thing for them. I just have a fearful stance of that bad medicine. I don’t have the hooray bring it on mentality. I have prepped myself for it as much as I can and as well prepared as I think I am, the REALITY of the situation is that nobody here knows how bad it could be. I am never fearful of the known. I am always fearful of the unknown. So my whole point in this post is that there is this supreme confidence by people saying bring it on when they don’t, and cannot, even define what it is they are asking to bring on.

Seems kind of Bush like to me. (and I voted for him!)

Again, try to understand. I want the nation to be better, I want the fix, I want the bad medicine. Just because I fear it doesn’t mean I don’t want it to happen. Don’t mistake that cautious approach for endorsing the way things have been.

I will try once more, does that make sense?

SD Realtor

[SD Realtor]

Patientlywaiting, JWM and lendingbubble first off I don’t think any of you guys are pricks. I think that your opinions are perfectly valid and I do not disagree at all. I absolutely 100% believe and really want the following… no bailout, no intervention, no changing of any limits, no stimulus garbage, no SPENDING of my tax money to subsidze this mess… I 100% want the market to operate in a free and unfettered way because that is how it will return to a healthy state with the least amount of cost to me.

I do realize that this will require pain. It could be alot of pain… the likes with which we have never ever seen. I could not agree more about wanting a much healthier and stronger country for my kids. I look at the now as they toddle around and sometimes cannot help but think how much worse off the world is that they are growing up in then when I was in diapers.

Settling the tab now is the best thing for them. I just have a fearful stance of that bad medicine. I don’t have the hooray bring it on mentality. I have prepped myself for it as much as I can and as well prepared as I think I am, the REALITY of the situation is that nobody here knows how bad it could be. I am never fearful of the known. I am always fearful of the unknown. So my whole point in this post is that there is this supreme confidence by people saying bring it on when they don’t, and cannot, even define what it is they are asking to bring on.

Seems kind of Bush like to me. (and I voted for him!)

Again, try to understand. I want the nation to be better, I want the fix, I want the bad medicine. Just because I fear it doesn’t mean I don’t want it to happen. Don’t mistake that cautious approach for endorsing the way things have been.

I will try once more, does that make sense?

SD Realtor

[SD Realtor]

Patientlywaiting, JWM and lendingbubble first off I don’t think any of you guys are pricks. I think that your opinions are perfectly valid and I do not disagree at all. I absolutely 100% believe and really want the following… no bailout, no intervention, no changing of any limits, no stimulus garbage, no SPENDING of my tax money to subsidze this mess… I 100% want the market to operate in a free and unfettered way because that is how it will return to a healthy state with the least amount of cost to me.

I do realize that this will require pain. It could be alot of pain… the likes with which we have never ever seen. I could not agree more about wanting a much healthier and stronger country for my kids. I look at the now as they toddle around and sometimes cannot help but think how much worse off the world is that they are growing up in then when I was in diapers.

Settling the tab now is the best thing for them. I just have a fearful stance of that bad medicine. I don’t have the hooray bring it on mentality. I have prepped myself for it as much as I can and as well prepared as I think I am, the REALITY of the situation is that nobody here knows how bad it could be. I am never fearful of the known. I am always fearful of the unknown. So my whole point in this post is that there is this supreme confidence by people saying bring it on when they don’t, and cannot, even define what it is they are asking to bring on.

Seems kind of Bush like to me. (and I voted for him!)

Again, try to understand. I want the nation to be better, I want the fix, I want the bad medicine. Just because I fear it doesn’t mean I don’t want it to happen. Don’t mistake that cautious approach for endorsing the way things have been.

I will try once more, does that make sense?

SD Realtor

[SD Realtor]

Patientlywaiting, JWM and lendingbubble first off I don’t think any of you guys are pricks. I think that your opinions are perfectly valid and I do not disagree at all. I absolutely 100% believe and really want the following… no bailout, no intervention, no changing of any limits, no stimulus garbage, no SPENDING of my tax money to subsidze this mess… I 100% want the market to operate in a free and unfettered way because that is how it will return to a healthy state with the least amount of cost to me.

I do realize that this will require pain. It could be alot of pain… the likes with which we have never ever seen. I could not agree more about wanting a much healthier and stronger country for my kids. I look at the now as they toddle around and sometimes cannot help but think how much worse off the world is that they are growing up in then when I was in diapers.

Settling the tab now is the best thing for them. I just have a fearful stance of that bad medicine. I don’t have the hooray bring it on mentality. I have prepped myself for it as much as I can and as well prepared as I think I am, the REALITY of the situation is that nobody here knows how bad it could be. I am never fearful of the known. I am always fearful of the unknown. So my whole point in this post is that there is this supreme confidence by people saying bring it on when they don’t, and cannot, even define what it is they are asking to bring on.

Seems kind of Bush like to me. (and I voted for him!)

Again, try to understand. I want the nation to be better, I want the fix, I want the bad medicine. Just because I fear it doesn’t mean I don’t want it to happen. Don’t mistake that cautious approach for endorsing the way things have been.

I will try once more, does that make sense?

SD Realtor

[lendingbubblecontinues]

Makes sense to me SD R.

I think a lot of us are a bit better prepared than JoeSixPack, don’t you think? I mean, I think many of us here have kept our powder dry these last several years and at least expect some pain to be coming…the average Joe (especially native San Diegans—that’s for you NSD) have NO idea of what is headed our way.

P.S. I am kind of a prick so no worries there…

[lendingbubblecontinues]

Makes sense to me SD R.

I think a lot of us are a bit better prepared than JoeSixPack, don’t you think? I mean, I think many of us here have kept our powder dry these last several years and at least expect some pain to be coming…the average Joe (especially native San Diegans—that’s for you NSD) have NO idea of what is headed our way.

P.S. I am kind of a prick so no worries there…

[lendingbubblecontinues]

Makes sense to me SD R.

I think a lot of us are a bit better prepared than JoeSixPack, don’t you think? I mean, I think many of us here have kept our powder dry these last several years and at least expect some pain to be coming…the average Joe (especially native San Diegans—that’s for you NSD) have NO idea of what is headed our way.

P.S. I am kind of a prick so no worries there…

[lendingbubblecontinues]

Makes sense to me SD R.

I think a lot of us are a bit better prepared than JoeSixPack, don’t you think? I mean, I think many of us here have kept our powder dry these last several years and at least expect some pain to be coming…the average Joe (especially native San Diegans—that’s for you NSD) have NO idea of what is headed our way.

P.S. I am kind of a prick so no worries there…

[Author]

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