Paying Attention?

[briansd1]

[quote=Nor-LA-SD-GUY2]
No I think they really want to stall growth, otherwise they would have forced the banks to write down principles or some other drastic action like inflation (you cannot replace 20% of the economy with solar energy job’s) that’s so funny it’s not even trying.
(Like I said, that’s just my speculation)[/quote]

I’m with Arraya. It’s always been growth at all cost.

Forcing principal reductions would hit the banks’ balance sheets and we would need to bail them out again.

I’m curious why you think that it’s necessary to get homeowners above water for an employment recovery to happen.

Theoretically, homeowners bought houses they could afford to make monthly payments on. Underwater or not, they could just carry on. Theoretically, the banks did their job with underwriting.

But we now all know the problem is that the banking system broke-down and allowed massive numbers of homeowners to buy houses they could not afford. The whole system was predicated on refinancing and forever increasing prices.

If we were to force the banks to reduce principal, who should bear the cost of such a massive program to benefit underwater homeowners?

[The-Shoveler]

That’s the problem they are just carrying on,
Typically home owners sell and move-up/relocate/move down or just move every 5 years.
The underwaters are STUCK!! (and yes most will ride it out)
These are also typically the ones who carry little equity compared to long term home holders.
These transfers generated approximately 20% of the economic activity of our economy,
IT’s BROKEN, RE is BROKEN, the cycle is broken.
There is no easy way to replace it.

In this case you have few choices
1) Find a magical economy Job creator (not easy)
2) Inflate (this is what we typically do but it seems that it is something we have politically made impossible).
3) wait maybe another 5 to 15 years for home owners to pay down the debt or die.
Well enjoy !!

[The-Shoveler]

That’s the problem they are just carrying on,
Typically home owners sell and move-up/relocate/move down or just move every 5 years.
The underwaters are STUCK!! (and yes most will ride it out)
These are also typically the ones who carry little equity compared to long term home holders.
These transfers generated approximately 20% of the economic activity of our economy,
IT’s BROKEN, RE is BROKEN, the cycle is broken.
There is no easy way to replace it.

In this case you have few choices
1) Find a magical economy Job creator (not easy)
2) Inflate (this is what we typically do but it seems that it is something we have politically made impossible).
3) wait maybe another 5 to 15 years for home owners to pay down the debt or die.
Well enjoy !!

[The-Shoveler]

That’s the problem they are just carrying on,
Typically home owners sell and move-up/relocate/move down or just move every 5 years.
The underwaters are STUCK!! (and yes most will ride it out)
These are also typically the ones who carry little equity compared to long term home holders.
These transfers generated approximately 20% of the economic activity of our economy,
IT’s BROKEN, RE is BROKEN, the cycle is broken.
There is no easy way to replace it.

In this case you have few choices
1) Find a magical economy Job creator (not easy)
2) Inflate (this is what we typically do but it seems that it is something we have politically made impossible).
3) wait maybe another 5 to 15 years for home owners to pay down the debt or die.
Well enjoy !!

[The-Shoveler]

That’s the problem they are just carrying on,
Typically home owners sell and move-up/relocate/move down or just move every 5 years.
The underwaters are STUCK!! (and yes most will ride it out)
These are also typically the ones who carry little equity compared to long term home holders.
These transfers generated approximately 20% of the economic activity of our economy,
IT’s BROKEN, RE is BROKEN, the cycle is broken.
There is no easy way to replace it.

In this case you have few choices
1) Find a magical economy Job creator (not easy)
2) Inflate (this is what we typically do but it seems that it is something we have politically made impossible).
3) wait maybe another 5 to 15 years for home owners to pay down the debt or die.
Well enjoy !!

[The-Shoveler]

That’s the problem they are just carrying on,
Typically home owners sell and move-up/relocate/move down or just move every 5 years.
The underwaters are STUCK!! (and yes most will ride it out)
These are also typically the ones who carry little equity compared to long term home holders.
These transfers generated approximately 20% of the economic activity of our economy,
IT’s BROKEN, RE is BROKEN, the cycle is broken.
There is no easy way to replace it.

In this case you have few choices
1) Find a magical economy Job creator (not easy)
2) Inflate (this is what we typically do but it seems that it is something we have politically made impossible).
3) wait maybe another 5 to 15 years for home owners to pay down the debt or die.
Well enjoy !!

[Vod-Vil]

The economy is waiting for the next technological revolution which will be in the bio-tech sector.Gene splicing,human skin factories,cyborgs,organ farms,longevity drugs,etc.,etc.

Get ready for it.

[Vod-Vil]

The economy is waiting for the next technological revolution which will be in the bio-tech sector.Gene splicing,human skin factories,cyborgs,organ farms,longevity drugs,etc.,etc.

Get ready for it.

[Vod-Vil]

The economy is waiting for the next technological revolution which will be in the bio-tech sector.Gene splicing,human skin factories,cyborgs,organ farms,longevity drugs,etc.,etc.

Get ready for it.

[Vod-Vil]

The economy is waiting for the next technological revolution which will be in the bio-tech sector.Gene splicing,human skin factories,cyborgs,organ farms,longevity drugs,etc.,etc.

Get ready for it.

[Vod-Vil]

The economy is waiting for the next technological revolution which will be in the bio-tech sector.Gene splicing,human skin factories,cyborgs,organ farms,longevity drugs,etc.,etc.

Get ready for it.

[danielwis]

[quote=walterwhite]Shorting gold is scary. People thought it looked tippy at 1,000. It is a bad idea to basically call a top on a 10 y bull market ESP where there’s been no explosive blowoff. I’m not giving investment advice just be cautious about getting in the way of any longterm bull market…[/quote]
I agree, and I wouldn’t advise anyone to do the same. I have time and am actually dollar cost averaging into the short position on gold. I’ll buy more at 1700 and 1800, etc. The payoff is likely well down the road.

[danielwis]

[quote=walterwhite]Shorting gold is scary. People thought it looked tippy at 1,000. It is a bad idea to basically call a top on a 10 y bull market ESP where there’s been no explosive blowoff. I’m not giving investment advice just be cautious about getting in the way of any longterm bull market…[/quote]
I agree, and I wouldn’t advise anyone to do the same. I have time and am actually dollar cost averaging into the short position on gold. I’ll buy more at 1700 and 1800, etc. The payoff is likely well down the road.

[danielwis]

[quote=walterwhite]Shorting gold is scary. People thought it looked tippy at 1,000. It is a bad idea to basically call a top on a 10 y bull market ESP where there’s been no explosive blowoff. I’m not giving investment advice just be cautious about getting in the way of any longterm bull market…[/quote]
I agree, and I wouldn’t advise anyone to do the same. I have time and am actually dollar cost averaging into the short position on gold. I’ll buy more at 1700 and 1800, etc. The payoff is likely well down the road.

[danielwis]

[quote=walterwhite]Shorting gold is scary. People thought it looked tippy at 1,000. It is a bad idea to basically call a top on a 10 y bull market ESP where there’s been no explosive blowoff. I’m not giving investment advice just be cautious about getting in the way of any longterm bull market…[/quote]
I agree, and I wouldn’t advise anyone to do the same. I have time and am actually dollar cost averaging into the short position on gold. I’ll buy more at 1700 and 1800, etc. The payoff is likely well down the road.

[Author]

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