QE2 right after Elections?

[socrattt]

Interesting article!

http://www.berninger.de/crisis-analysis-opinion/datum/2010/11/05/the-usa-is-collapsing.html

[briansd1]

[quote=SD Realtor]Lastly, guys like Roubini and Bill Gross say QE2 is doomed to fail and a bad idea. Brian from San Diego is okay with it though… I will go with guys like Roubini.[/quote]

Roubini is a respected academic and I trust his research and opinions. I’ve read him for a long time. He was right about the bubble.

Quantitative easing simply dumps money into the banks. The bankers get the money for nothing and that leads to more speculation rather than investments in future productive capacity.

QE’s benefits mostly go to the banks. That’s why I support more fiscal stimulus such as infrastructure build up and assistance to those who need it most.

[quote=SD Realtor]Others think we could be in for a Japan style lost decade of severe low rates and no growth. [/quote]

I said that we could be facing a Japan style situation.
http://piggington.com/already_5_years_into_a_lost_decade

But still, by all accounts Japan is still prosperous country. The situation that Japan is now facing not did not happen overnight. It’s been building for the last two decades, and the bubble decade before that.

[quote=SD Realtor]
I have done alot of travelling the past 6 months and one thing I can say is that the sweeps that we saw on election night in the middle of the country are 100% driven by employment. People are in a world of hurt there. [/quote]

How would austerity immediately give jobs and paychecks to the unemployed who need them right now?

How would deep cuts in the social safety net help the unemployed you are seeing in your travels?

[quote=SD Realtor]
Brian things are nice and easy for you in California but for most everywhere else in the country where I have been it is pretty crappy.
[/quote]

I remember your posting that that are plenty of deep pockets buying real estate in San Diego.

I said that financial wherewithal will get thinner as the economic malaise continues. As long as prices move sideways, lower or even slightly up, the people holding non-cash flowing peak real estate will continue to lose wherewithal causing ripples that affect housing and the economy.

Think of the Japanese who bought real estate at the peak in Japan, back in 1989. Considering 2 decades of carrying costs, they will likely never be made whole in their lifetimes.

[quote=SD Realtor]
Severe change has already taken place, and it did not happen over decades.
[/quote]

If you say so…. Then we would agree that the adverse severe changes happened most recently from 2000 to 2008 culminating with the housing bubble bust and the financial crisis of 2008.

The bailouts followed.

[briansd1]

[quote=SD Realtor]Lastly, guys like Roubini and Bill Gross say QE2 is doomed to fail and a bad idea. Brian from San Diego is okay with it though… I will go with guys like Roubini.[/quote]

Roubini is a respected academic and I trust his research and opinions. I’ve read him for a long time. He was right about the bubble.

Quantitative easing simply dumps money into the banks. The bankers get the money for nothing and that leads to more speculation rather than investments in future productive capacity.

QE’s benefits mostly go to the banks. That’s why I support more fiscal stimulus such as infrastructure build up and assistance to those who need it most.

[quote=SD Realtor]Others think we could be in for a Japan style lost decade of severe low rates and no growth. [/quote]

I said that we could be facing a Japan style situation.
http://piggington.com/already_5_years_into_a_lost_decade

But still, by all accounts Japan is still prosperous country. The situation that Japan is now facing not did not happen overnight. It’s been building for the last two decades, and the bubble decade before that.

[quote=SD Realtor]
I have done alot of travelling the past 6 months and one thing I can say is that the sweeps that we saw on election night in the middle of the country are 100% driven by employment. People are in a world of hurt there. [/quote]

How would austerity immediately give jobs and paychecks to the unemployed who need them right now?

How would deep cuts in the social safety net help the unemployed you are seeing in your travels?

[quote=SD Realtor]
Brian things are nice and easy for you in California but for most everywhere else in the country where I have been it is pretty crappy.
[/quote]

I remember your posting that that are plenty of deep pockets buying real estate in San Diego.

I said that financial wherewithal will get thinner as the economic malaise continues. As long as prices move sideways, lower or even slightly up, the people holding non-cash flowing peak real estate will continue to lose wherewithal causing ripples that affect housing and the economy.

Think of the Japanese who bought real estate at the peak in Japan, back in 1989. Considering 2 decades of carrying costs, they will likely never be made whole in their lifetimes.

[quote=SD Realtor]
Severe change has already taken place, and it did not happen over decades.
[/quote]

If you say so…. Then we would agree that the adverse severe changes happened most recently from 2000 to 2008 culminating with the housing bubble bust and the financial crisis of 2008.

The bailouts followed.

[briansd1]

[quote=SD Realtor]Lastly, guys like Roubini and Bill Gross say QE2 is doomed to fail and a bad idea. Brian from San Diego is okay with it though… I will go with guys like Roubini.[/quote]

Roubini is a respected academic and I trust his research and opinions. I’ve read him for a long time. He was right about the bubble.

Quantitative easing simply dumps money into the banks. The bankers get the money for nothing and that leads to more speculation rather than investments in future productive capacity.

QE’s benefits mostly go to the banks. That’s why I support more fiscal stimulus such as infrastructure build up and assistance to those who need it most.

[quote=SD Realtor]Others think we could be in for a Japan style lost decade of severe low rates and no growth. [/quote]

I said that we could be facing a Japan style situation.
http://piggington.com/already_5_years_into_a_lost_decade

But still, by all accounts Japan is still prosperous country. The situation that Japan is now facing not did not happen overnight. It’s been building for the last two decades, and the bubble decade before that.

[quote=SD Realtor]
I have done alot of travelling the past 6 months and one thing I can say is that the sweeps that we saw on election night in the middle of the country are 100% driven by employment. People are in a world of hurt there. [/quote]

How would austerity immediately give jobs and paychecks to the unemployed who need them right now?

How would deep cuts in the social safety net help the unemployed you are seeing in your travels?

[quote=SD Realtor]
Brian things are nice and easy for you in California but for most everywhere else in the country where I have been it is pretty crappy.
[/quote]

I remember your posting that that are plenty of deep pockets buying real estate in San Diego.

I said that financial wherewithal will get thinner as the economic malaise continues. As long as prices move sideways, lower or even slightly up, the people holding non-cash flowing peak real estate will continue to lose wherewithal causing ripples that affect housing and the economy.

Think of the Japanese who bought real estate at the peak in Japan, back in 1989. Considering 2 decades of carrying costs, they will likely never be made whole in their lifetimes.

[quote=SD Realtor]
Severe change has already taken place, and it did not happen over decades.
[/quote]

If you say so…. Then we would agree that the adverse severe changes happened most recently from 2000 to 2008 culminating with the housing bubble bust and the financial crisis of 2008.

The bailouts followed.

[briansd1]

[quote=SD Realtor]Lastly, guys like Roubini and Bill Gross say QE2 is doomed to fail and a bad idea. Brian from San Diego is okay with it though… I will go with guys like Roubini.[/quote]

Roubini is a respected academic and I trust his research and opinions. I’ve read him for a long time. He was right about the bubble.

Quantitative easing simply dumps money into the banks. The bankers get the money for nothing and that leads to more speculation rather than investments in future productive capacity.

QE’s benefits mostly go to the banks. That’s why I support more fiscal stimulus such as infrastructure build up and assistance to those who need it most.

[quote=SD Realtor]Others think we could be in for a Japan style lost decade of severe low rates and no growth. [/quote]

I said that we could be facing a Japan style situation.
http://piggington.com/already_5_years_into_a_lost_decade

But still, by all accounts Japan is still prosperous country. The situation that Japan is now facing not did not happen overnight. It’s been building for the last two decades, and the bubble decade before that.

[quote=SD Realtor]
I have done alot of travelling the past 6 months and one thing I can say is that the sweeps that we saw on election night in the middle of the country are 100% driven by employment. People are in a world of hurt there. [/quote]

How would austerity immediately give jobs and paychecks to the unemployed who need them right now?

How would deep cuts in the social safety net help the unemployed you are seeing in your travels?

[quote=SD Realtor]
Brian things are nice and easy for you in California but for most everywhere else in the country where I have been it is pretty crappy.
[/quote]

I remember your posting that that are plenty of deep pockets buying real estate in San Diego.

I said that financial wherewithal will get thinner as the economic malaise continues. As long as prices move sideways, lower or even slightly up, the people holding non-cash flowing peak real estate will continue to lose wherewithal causing ripples that affect housing and the economy.

Think of the Japanese who bought real estate at the peak in Japan, back in 1989. Considering 2 decades of carrying costs, they will likely never be made whole in their lifetimes.

[quote=SD Realtor]
Severe change has already taken place, and it did not happen over decades.
[/quote]

If you say so…. Then we would agree that the adverse severe changes happened most recently from 2000 to 2008 culminating with the housing bubble bust and the financial crisis of 2008.

The bailouts followed.

[briansd1]

[quote=SD Realtor]Lastly, guys like Roubini and Bill Gross say QE2 is doomed to fail and a bad idea. Brian from San Diego is okay with it though… I will go with guys like Roubini.[/quote]

Roubini is a respected academic and I trust his research and opinions. I’ve read him for a long time. He was right about the bubble.

Quantitative easing simply dumps money into the banks. The bankers get the money for nothing and that leads to more speculation rather than investments in future productive capacity.

QE’s benefits mostly go to the banks. That’s why I support more fiscal stimulus such as infrastructure build up and assistance to those who need it most.

[quote=SD Realtor]Others think we could be in for a Japan style lost decade of severe low rates and no growth. [/quote]

I said that we could be facing a Japan style situation.
http://piggington.com/already_5_years_into_a_lost_decade

But still, by all accounts Japan is still prosperous country. The situation that Japan is now facing not did not happen overnight. It’s been building for the last two decades, and the bubble decade before that.

[quote=SD Realtor]
I have done alot of travelling the past 6 months and one thing I can say is that the sweeps that we saw on election night in the middle of the country are 100% driven by employment. People are in a world of hurt there. [/quote]

How would austerity immediately give jobs and paychecks to the unemployed who need them right now?

How would deep cuts in the social safety net help the unemployed you are seeing in your travels?

[quote=SD Realtor]
Brian things are nice and easy for you in California but for most everywhere else in the country where I have been it is pretty crappy.
[/quote]

I remember your posting that that are plenty of deep pockets buying real estate in San Diego.

I said that financial wherewithal will get thinner as the economic malaise continues. As long as prices move sideways, lower or even slightly up, the people holding non-cash flowing peak real estate will continue to lose wherewithal causing ripples that affect housing and the economy.

Think of the Japanese who bought real estate at the peak in Japan, back in 1989. Considering 2 decades of carrying costs, they will likely never be made whole in their lifetimes.

[quote=SD Realtor]
Severe change has already taken place, and it did not happen over decades.
[/quote]

If you say so…. Then we would agree that the adverse severe changes happened most recently from 2000 to 2008 culminating with the housing bubble bust and the financial crisis of 2008.

The bailouts followed.

[blahblahblah]

The problem is so big now that I doubt any austerity program would work. None of the politicians would vote for it anyway.

The lobbying will continue, the pressure on politicians to play along will increase, the bailouts will get bigger and the crashes more spectacular. They are coming for your money and they’re going to get it. All of the people who engineered the MBS/CDO/CDS scam are sitting on their government-bailout zillions and laughing at you. They sleep well at night in their Long Island mansions or on their megayachts in the Mediterranean, they know they will never go to jail, and the next crowd of goons is going to be even more bold. They know nothing will happen to them.

[blahblahblah]

The problem is so big now that I doubt any austerity program would work. None of the politicians would vote for it anyway.

The lobbying will continue, the pressure on politicians to play along will increase, the bailouts will get bigger and the crashes more spectacular. They are coming for your money and they’re going to get it. All of the people who engineered the MBS/CDO/CDS scam are sitting on their government-bailout zillions and laughing at you. They sleep well at night in their Long Island mansions or on their megayachts in the Mediterranean, they know they will never go to jail, and the next crowd of goons is going to be even more bold. They know nothing will happen to them.

[blahblahblah]

The problem is so big now that I doubt any austerity program would work. None of the politicians would vote for it anyway.

The lobbying will continue, the pressure on politicians to play along will increase, the bailouts will get bigger and the crashes more spectacular. They are coming for your money and they’re going to get it. All of the people who engineered the MBS/CDO/CDS scam are sitting on their government-bailout zillions and laughing at you. They sleep well at night in their Long Island mansions or on their megayachts in the Mediterranean, they know they will never go to jail, and the next crowd of goons is going to be even more bold. They know nothing will happen to them.

[blahblahblah]

The problem is so big now that I doubt any austerity program would work. None of the politicians would vote for it anyway.

The lobbying will continue, the pressure on politicians to play along will increase, the bailouts will get bigger and the crashes more spectacular. They are coming for your money and they’re going to get it. All of the people who engineered the MBS/CDO/CDS scam are sitting on their government-bailout zillions and laughing at you. They sleep well at night in their Long Island mansions or on their megayachts in the Mediterranean, they know they will never go to jail, and the next crowd of goons is going to be even more bold. They know nothing will happen to them.

[blahblahblah]

The problem is so big now that I doubt any austerity program would work. None of the politicians would vote for it anyway.

The lobbying will continue, the pressure on politicians to play along will increase, the bailouts will get bigger and the crashes more spectacular. They are coming for your money and they’re going to get it. All of the people who engineered the MBS/CDO/CDS scam are sitting on their government-bailout zillions and laughing at you. They sleep well at night in their Long Island mansions or on their megayachts in the Mediterranean, they know they will never go to jail, and the next crowd of goons is going to be even more bold. They know nothing will happen to them.

[blahblahblah]

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[blahblahblah]

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