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October 18, 2009 at 10:00 AM #471353October 18, 2009 at 10:03 AM #470526
partypup
Participant[quote=SD Realtor]
However I can say, as I have said, if things are going to get as fcked as you are saying, then those who think, “I will get my home and everything will be okay” are sadly mistaken.I think even you may agree with that.[/quote]
SD: I have been thinking this for the past 18 months as I have been reading the posts on this forum. People are so preoccupied with getting a house on the cheap that they haven’t stopped to wonder what will happen when they get that house and cant possibly sell it in the next 20 years because our currency and economy will be so f****d up.
I just don’t get it, either. You and I may disagree about what the U.S. brings to the table these days, but it does appear that we can agree on one thing: the future most certainly is not a rosy one for the people of this once great nation.
October 18, 2009 at 10:03 AM #470709Participant[quote=SD Realtor]
However I can say, as I have said, if things are going to get as fcked as you are saying, then those who think, “I will get my home and everything will be okay” are sadly mistaken.I think even you may agree with that.[/quote]
SD: I have been thinking this for the past 18 months as I have been reading the posts on this forum. People are so preoccupied with getting a house on the cheap that they haven’t stopped to wonder what will happen when they get that house and cant possibly sell it in the next 20 years because our currency and economy will be so f****d up.
I just don’t get it, either. You and I may disagree about what the U.S. brings to the table these days, but it does appear that we can agree on one thing: the future most certainly is not a rosy one for the people of this once great nation.
October 18, 2009 at 10:03 AM #471064Participant[quote=SD Realtor]
However I can say, as I have said, if things are going to get as fcked as you are saying, then those who think, “I will get my home and everything will be okay” are sadly mistaken.I think even you may agree with that.[/quote]
SD: I have been thinking this for the past 18 months as I have been reading the posts on this forum. People are so preoccupied with getting a house on the cheap that they haven’t stopped to wonder what will happen when they get that house and cant possibly sell it in the next 20 years because our currency and economy will be so f****d up.
I just don’t get it, either. You and I may disagree about what the U.S. brings to the table these days, but it does appear that we can agree on one thing: the future most certainly is not a rosy one for the people of this once great nation.
October 18, 2009 at 10:03 AM #471138Participant[quote=SD Realtor]
However I can say, as I have said, if things are going to get as fcked as you are saying, then those who think, “I will get my home and everything will be okay” are sadly mistaken.I think even you may agree with that.[/quote]
SD: I have been thinking this for the past 18 months as I have been reading the posts on this forum. People are so preoccupied with getting a house on the cheap that they haven’t stopped to wonder what will happen when they get that house and cant possibly sell it in the next 20 years because our currency and economy will be so f****d up.
I just don’t get it, either. You and I may disagree about what the U.S. brings to the table these days, but it does appear that we can agree on one thing: the future most certainly is not a rosy one for the people of this once great nation.
October 18, 2009 at 10:03 AM #471358Participant[quote=SD Realtor]
However I can say, as I have said, if things are going to get as fcked as you are saying, then those who think, “I will get my home and everything will be okay” are sadly mistaken.I think even you may agree with that.[/quote]
SD: I have been thinking this for the past 18 months as I have been reading the posts on this forum. People are so preoccupied with getting a house on the cheap that they haven’t stopped to wonder what will happen when they get that house and cant possibly sell it in the next 20 years because our currency and economy will be so f****d up.
I just don’t get it, either. You and I may disagree about what the U.S. brings to the table these days, but it does appear that we can agree on one thing: the future most certainly is not a rosy one for the people of this once great nation.
October 18, 2009 at 10:17 AM #470531Participant[quote=KSMountain]I’ll bet people thought we were down for good during the depression, and the dust bowl, and during the early 80’s what with the Japanese were going to kick our ass, etc, etc, etc.
It was never permanent.
Think I’ll pour a glass of Cab and sleep soundly tonight.[/quote]
You need to start sleeping with one eye open, KS. It appears that a growing number of people are beginning to do just that, as they are now realizing that the unthinkable CAN happen. I am starting to see more and more articles like the one linked below in mainstream news media. This would have been anathema a year ago. After all, we are talking about the world’s reserve currency!
I would like to reacquaint you with black swan theory: The Black Swan Theory (in Nassim Nicholas Taleb’s version) concerns HIGH-IMPACT, hard-to-predict, and rare events beyond the realm of normal expectations.
Prepare for the mother of all black swans.
“What Happens If the Dollar Crashes”
“This state of calm would vanish overnight, though, if the financial markets got a sense that the dollar’s decline was starting to snowball out of control. At that point, the invisible “force field” protecting the dollar would fade away, says Martin D. Weiss, chairman of Weiss Group, a financial data and analysis firm in Jupiter, Fla. Says Weiss: “We would become more like ordinary mortals and more vulnerable to attacks on our currency.”
The bearish case for the dollar is that the decline takes on a life of its own. Selling begets more selling. The world’s central bankers and finance ministers intervene to prop up the currency, but speculators, having tasted victory, aren’t scared off. Princeton University economist Paul R. Krugman once called this the Wile E. Coyote scenario, after the character in the Road Runner cartoons who runs off a cliff but doesn’t start to fall until he looks down and sees there’s nothing beneath his feet.
Speculation that the dollar is headed for a tumble can become self-fulfilling if traders rush for the exit. Ashraf Laidi, chief foreign exchange strategist at CMC Markets, a London currency and commodity brokerage, says “right now there is around a 30% to 40% chance we are going to see the dollar falling toward a crisis point.”
Do you like those numbers? Feeling confident that we won’t get our ass kicked? Because once we cross 50% all bets are off.
http://www.businessweek.com/magazine/content/09_43/b4152000801269.htm
October 18, 2009 at 10:17 AM #470714Participant[quote=KSMountain]I’ll bet people thought we were down for good during the depression, and the dust bowl, and during the early 80’s what with the Japanese were going to kick our ass, etc, etc, etc.
It was never permanent.
Think I’ll pour a glass of Cab and sleep soundly tonight.[/quote]
You need to start sleeping with one eye open, KS. It appears that a growing number of people are beginning to do just that, as they are now realizing that the unthinkable CAN happen. I am starting to see more and more articles like the one linked below in mainstream news media. This would have been anathema a year ago. After all, we are talking about the world’s reserve currency!
I would like to reacquaint you with black swan theory: The Black Swan Theory (in Nassim Nicholas Taleb’s version) concerns HIGH-IMPACT, hard-to-predict, and rare events beyond the realm of normal expectations.
Prepare for the mother of all black swans.
“What Happens If the Dollar Crashes”
“This state of calm would vanish overnight, though, if the financial markets got a sense that the dollar’s decline was starting to snowball out of control. At that point, the invisible “force field” protecting the dollar would fade away, says Martin D. Weiss, chairman of Weiss Group, a financial data and analysis firm in Jupiter, Fla. Says Weiss: “We would become more like ordinary mortals and more vulnerable to attacks on our currency.”
The bearish case for the dollar is that the decline takes on a life of its own. Selling begets more selling. The world’s central bankers and finance ministers intervene to prop up the currency, but speculators, having tasted victory, aren’t scared off. Princeton University economist Paul R. Krugman once called this the Wile E. Coyote scenario, after the character in the Road Runner cartoons who runs off a cliff but doesn’t start to fall until he looks down and sees there’s nothing beneath his feet.
Speculation that the dollar is headed for a tumble can become self-fulfilling if traders rush for the exit. Ashraf Laidi, chief foreign exchange strategist at CMC Markets, a London currency and commodity brokerage, says “right now there is around a 30% to 40% chance we are going to see the dollar falling toward a crisis point.”
Do you like those numbers? Feeling confident that we won’t get our ass kicked? Because once we cross 50% all bets are off.
http://www.businessweek.com/magazine/content/09_43/b4152000801269.htm
October 18, 2009 at 10:17 AM #471069Participant[quote=KSMountain]I’ll bet people thought we were down for good during the depression, and the dust bowl, and during the early 80’s what with the Japanese were going to kick our ass, etc, etc, etc.
It was never permanent.
Think I’ll pour a glass of Cab and sleep soundly tonight.[/quote]
You need to start sleeping with one eye open, KS. It appears that a growing number of people are beginning to do just that, as they are now realizing that the unthinkable CAN happen. I am starting to see more and more articles like the one linked below in mainstream news media. This would have been anathema a year ago. After all, we are talking about the world’s reserve currency!
I would like to reacquaint you with black swan theory: The Black Swan Theory (in Nassim Nicholas Taleb’s version) concerns HIGH-IMPACT, hard-to-predict, and rare events beyond the realm of normal expectations.
Prepare for the mother of all black swans.
“What Happens If the Dollar Crashes”
“This state of calm would vanish overnight, though, if the financial markets got a sense that the dollar’s decline was starting to snowball out of control. At that point, the invisible “force field” protecting the dollar would fade away, says Martin D. Weiss, chairman of Weiss Group, a financial data and analysis firm in Jupiter, Fla. Says Weiss: “We would become more like ordinary mortals and more vulnerable to attacks on our currency.”
The bearish case for the dollar is that the decline takes on a life of its own. Selling begets more selling. The world’s central bankers and finance ministers intervene to prop up the currency, but speculators, having tasted victory, aren’t scared off. Princeton University economist Paul R. Krugman once called this the Wile E. Coyote scenario, after the character in the Road Runner cartoons who runs off a cliff but doesn’t start to fall until he looks down and sees there’s nothing beneath his feet.
Speculation that the dollar is headed for a tumble can become self-fulfilling if traders rush for the exit. Ashraf Laidi, chief foreign exchange strategist at CMC Markets, a London currency and commodity brokerage, says “right now there is around a 30% to 40% chance we are going to see the dollar falling toward a crisis point.”
Do you like those numbers? Feeling confident that we won’t get our ass kicked? Because once we cross 50% all bets are off.
http://www.businessweek.com/magazine/content/09_43/b4152000801269.htm
October 18, 2009 at 10:17 AM #471143Participant[quote=KSMountain]I’ll bet people thought we were down for good during the depression, and the dust bowl, and during the early 80’s what with the Japanese were going to kick our ass, etc, etc, etc.
It was never permanent.
Think I’ll pour a glass of Cab and sleep soundly tonight.[/quote]
You need to start sleeping with one eye open, KS. It appears that a growing number of people are beginning to do just that, as they are now realizing that the unthinkable CAN happen. I am starting to see more and more articles like the one linked below in mainstream news media. This would have been anathema a year ago. After all, we are talking about the world’s reserve currency!
I would like to reacquaint you with black swan theory: The Black Swan Theory (in Nassim Nicholas Taleb’s version) concerns HIGH-IMPACT, hard-to-predict, and rare events beyond the realm of normal expectations.
Prepare for the mother of all black swans.
“What Happens If the Dollar Crashes”
“This state of calm would vanish overnight, though, if the financial markets got a sense that the dollar’s decline was starting to snowball out of control. At that point, the invisible “force field” protecting the dollar would fade away, says Martin D. Weiss, chairman of Weiss Group, a financial data and analysis firm in Jupiter, Fla. Says Weiss: “We would become more like ordinary mortals and more vulnerable to attacks on our currency.”
The bearish case for the dollar is that the decline takes on a life of its own. Selling begets more selling. The world’s central bankers and finance ministers intervene to prop up the currency, but speculators, having tasted victory, aren’t scared off. Princeton University economist Paul R. Krugman once called this the Wile E. Coyote scenario, after the character in the Road Runner cartoons who runs off a cliff but doesn’t start to fall until he looks down and sees there’s nothing beneath his feet.
Speculation that the dollar is headed for a tumble can become self-fulfilling if traders rush for the exit. Ashraf Laidi, chief foreign exchange strategist at CMC Markets, a London currency and commodity brokerage, says “right now there is around a 30% to 40% chance we are going to see the dollar falling toward a crisis point.”
Do you like those numbers? Feeling confident that we won’t get our ass kicked? Because once we cross 50% all bets are off.
http://www.businessweek.com/magazine/content/09_43/b4152000801269.htm
October 18, 2009 at 10:17 AM #471363Participant[quote=KSMountain]I’ll bet people thought we were down for good during the depression, and the dust bowl, and during the early 80’s what with the Japanese were going to kick our ass, etc, etc, etc.
It was never permanent.
Think I’ll pour a glass of Cab and sleep soundly tonight.[/quote]
You need to start sleeping with one eye open, KS. It appears that a growing number of people are beginning to do just that, as they are now realizing that the unthinkable CAN happen. I am starting to see more and more articles like the one linked below in mainstream news media. This would have been anathema a year ago. After all, we are talking about the world’s reserve currency!
I would like to reacquaint you with black swan theory: The Black Swan Theory (in Nassim Nicholas Taleb’s version) concerns HIGH-IMPACT, hard-to-predict, and rare events beyond the realm of normal expectations.
Prepare for the mother of all black swans.
“What Happens If the Dollar Crashes”
“This state of calm would vanish overnight, though, if the financial markets got a sense that the dollar’s decline was starting to snowball out of control. At that point, the invisible “force field” protecting the dollar would fade away, says Martin D. Weiss, chairman of Weiss Group, a financial data and analysis firm in Jupiter, Fla. Says Weiss: “We would become more like ordinary mortals and more vulnerable to attacks on our currency.”
The bearish case for the dollar is that the decline takes on a life of its own. Selling begets more selling. The world’s central bankers and finance ministers intervene to prop up the currency, but speculators, having tasted victory, aren’t scared off. Princeton University economist Paul R. Krugman once called this the Wile E. Coyote scenario, after the character in the Road Runner cartoons who runs off a cliff but doesn’t start to fall until he looks down and sees there’s nothing beneath his feet.
Speculation that the dollar is headed for a tumble can become self-fulfilling if traders rush for the exit. Ashraf Laidi, chief foreign exchange strategist at CMC Markets, a London currency and commodity brokerage, says “right now there is around a 30% to 40% chance we are going to see the dollar falling toward a crisis point.”
Do you like those numbers? Feeling confident that we won’t get our ass kicked? Because once we cross 50% all bets are off.
http://www.businessweek.com/magazine/content/09_43/b4152000801269.htm
October 18, 2009 at 10:31 AM #470536scaredyclassic
Participantwishing for badness and wanting to do the right thing to protect yourself are different things. “getting a house on the cheap” sounds like profiteering from someone else’s misery. what about just avoiding one’s own damned misery? getting a good deal means being somewhat more financially stable. the economy after all is made up of an innumerable number of little tiny decisions. you don’t make your money when you sell, as they say, you make it (if you do) when you buy. so i would say it’s less about ‘wishing” for bad things to happen, or “wishful thinking”, but more about enhanced prudence and awareness in very financially risky times. in other words, i’d rather make a smart decision than a so-so decision, or a really bad decision.
October 18, 2009 at 10:31 AM #470719Participantwishing for badness and wanting to do the right thing to protect yourself are different things. “getting a house on the cheap” sounds like profiteering from someone else’s misery. what about just avoiding one’s own damned misery? getting a good deal means being somewhat more financially stable. the economy after all is made up of an innumerable number of little tiny decisions. you don’t make your money when you sell, as they say, you make it (if you do) when you buy. so i would say it’s less about ‘wishing” for bad things to happen, or “wishful thinking”, but more about enhanced prudence and awareness in very financially risky times. in other words, i’d rather make a smart decision than a so-so decision, or a really bad decision.
October 18, 2009 at 10:31 AM #471074Participantwishing for badness and wanting to do the right thing to protect yourself are different things. “getting a house on the cheap” sounds like profiteering from someone else’s misery. what about just avoiding one’s own damned misery? getting a good deal means being somewhat more financially stable. the economy after all is made up of an innumerable number of little tiny decisions. you don’t make your money when you sell, as they say, you make it (if you do) when you buy. so i would say it’s less about ‘wishing” for bad things to happen, or “wishful thinking”, but more about enhanced prudence and awareness in very financially risky times. in other words, i’d rather make a smart decision than a so-so decision, or a really bad decision.
October 18, 2009 at 10:31 AM #471148Participantwishing for badness and wanting to do the right thing to protect yourself are different things. “getting a house on the cheap” sounds like profiteering from someone else’s misery. what about just avoiding one’s own damned misery? getting a good deal means being somewhat more financially stable. the economy after all is made up of an innumerable number of little tiny decisions. you don’t make your money when you sell, as they say, you make it (if you do) when you buy. so i would say it’s less about ‘wishing” for bad things to happen, or “wishful thinking”, but more about enhanced prudence and awareness in very financially risky times. in other words, i’d rather make a smart decision than a so-so decision, or a really bad decision.
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