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March 30, 2010 at 6:09 PM #534396March 30, 2010 at 6:53 PM #533463briansd1Guest
[quote=SD Realtor] To me the bailouts are a waste of money[/quote]
But you notice that the government bailouts work in holding up real estate values, and driving sales activity.
To me, the bailouts are a waste of money only if they don’t work for the intended purposes.
I believe that, in the long term, after inflation, house prices will be at a trough that would have been reached had there been no bailouts. In that respect, the bailouts will fail (That’s why I advocate patience if one wants to buy that dream house).
But right now, the bailouts are working in providing stability to the markets. That’s the intended purpose of the bailouts.
The Federal Reserve bailout money will be paid back over time, less some write offs.
The TARP money will be paid back with some write offs.
I think of this whole bailout thing as giving us some breathing room to preserve our standard of living and not cause wrenching social change. We are trading security now for future growth later.
March 30, 2010 at 6:53 PM #533591briansd1Guest[quote=SD Realtor] To me the bailouts are a waste of money[/quote]
But you notice that the government bailouts work in holding up real estate values, and driving sales activity.
To me, the bailouts are a waste of money only if they don’t work for the intended purposes.
I believe that, in the long term, after inflation, house prices will be at a trough that would have been reached had there been no bailouts. In that respect, the bailouts will fail (That’s why I advocate patience if one wants to buy that dream house).
But right now, the bailouts are working in providing stability to the markets. That’s the intended purpose of the bailouts.
The Federal Reserve bailout money will be paid back over time, less some write offs.
The TARP money will be paid back with some write offs.
I think of this whole bailout thing as giving us some breathing room to preserve our standard of living and not cause wrenching social change. We are trading security now for future growth later.
March 30, 2010 at 6:53 PM #534041briansd1Guest[quote=SD Realtor] To me the bailouts are a waste of money[/quote]
But you notice that the government bailouts work in holding up real estate values, and driving sales activity.
To me, the bailouts are a waste of money only if they don’t work for the intended purposes.
I believe that, in the long term, after inflation, house prices will be at a trough that would have been reached had there been no bailouts. In that respect, the bailouts will fail (That’s why I advocate patience if one wants to buy that dream house).
But right now, the bailouts are working in providing stability to the markets. That’s the intended purpose of the bailouts.
The Federal Reserve bailout money will be paid back over time, less some write offs.
The TARP money will be paid back with some write offs.
I think of this whole bailout thing as giving us some breathing room to preserve our standard of living and not cause wrenching social change. We are trading security now for future growth later.
March 30, 2010 at 6:53 PM #534136briansd1Guest[quote=SD Realtor] To me the bailouts are a waste of money[/quote]
But you notice that the government bailouts work in holding up real estate values, and driving sales activity.
To me, the bailouts are a waste of money only if they don’t work for the intended purposes.
I believe that, in the long term, after inflation, house prices will be at a trough that would have been reached had there been no bailouts. In that respect, the bailouts will fail (That’s why I advocate patience if one wants to buy that dream house).
But right now, the bailouts are working in providing stability to the markets. That’s the intended purpose of the bailouts.
The Federal Reserve bailout money will be paid back over time, less some write offs.
The TARP money will be paid back with some write offs.
I think of this whole bailout thing as giving us some breathing room to preserve our standard of living and not cause wrenching social change. We are trading security now for future growth later.
March 30, 2010 at 6:53 PM #534401briansd1Guest[quote=SD Realtor] To me the bailouts are a waste of money[/quote]
But you notice that the government bailouts work in holding up real estate values, and driving sales activity.
To me, the bailouts are a waste of money only if they don’t work for the intended purposes.
I believe that, in the long term, after inflation, house prices will be at a trough that would have been reached had there been no bailouts. In that respect, the bailouts will fail (That’s why I advocate patience if one wants to buy that dream house).
But right now, the bailouts are working in providing stability to the markets. That’s the intended purpose of the bailouts.
The Federal Reserve bailout money will be paid back over time, less some write offs.
The TARP money will be paid back with some write offs.
I think of this whole bailout thing as giving us some breathing room to preserve our standard of living and not cause wrenching social change. We are trading security now for future growth later.
March 30, 2010 at 7:06 PM #533479briansd1Guest[quote=Arraya]Actually, you could blow up every bank in the world along with wall street put the dow at zero and the world would be fine. It does not change the natural order of things one bit.[/quote]
How you see the cataclysm you warned against come about, considering that the natural order of things doesn’t depend on the financial system?
March 30, 2010 at 7:06 PM #533606briansd1Guest[quote=Arraya]Actually, you could blow up every bank in the world along with wall street put the dow at zero and the world would be fine. It does not change the natural order of things one bit.[/quote]
How you see the cataclysm you warned against come about, considering that the natural order of things doesn’t depend on the financial system?
March 30, 2010 at 7:06 PM #534056briansd1Guest[quote=Arraya]Actually, you could blow up every bank in the world along with wall street put the dow at zero and the world would be fine. It does not change the natural order of things one bit.[/quote]
How you see the cataclysm you warned against come about, considering that the natural order of things doesn’t depend on the financial system?
March 30, 2010 at 7:06 PM #534151briansd1Guest[quote=Arraya]Actually, you could blow up every bank in the world along with wall street put the dow at zero and the world would be fine. It does not change the natural order of things one bit.[/quote]
How you see the cataclysm you warned against come about, considering that the natural order of things doesn’t depend on the financial system?
March 30, 2010 at 7:06 PM #534416briansd1Guest[quote=Arraya]Actually, you could blow up every bank in the world along with wall street put the dow at zero and the world would be fine. It does not change the natural order of things one bit.[/quote]
How you see the cataclysm you warned against come about, considering that the natural order of things doesn’t depend on the financial system?
March 30, 2010 at 7:07 PM #533468briansd1Guest[quote=FormerSanDiegan]
This is not necessarily true. Consider the flip side. [/quote]Very true.
But a big portion of the money is owed to foreigners and pension funds that won’t need to pay out the funds ’til later.
The money that deadbeats spend, right now, gets recycled into the economy faster. That’s assuming they spend the money they don’t pay the banks; but that would be a pretty safe bet.
March 30, 2010 at 7:07 PM #533596briansd1Guest[quote=FormerSanDiegan]
This is not necessarily true. Consider the flip side. [/quote]Very true.
But a big portion of the money is owed to foreigners and pension funds that won’t need to pay out the funds ’til later.
The money that deadbeats spend, right now, gets recycled into the economy faster. That’s assuming they spend the money they don’t pay the banks; but that would be a pretty safe bet.
March 30, 2010 at 7:07 PM #534046briansd1Guest[quote=FormerSanDiegan]
This is not necessarily true. Consider the flip side. [/quote]Very true.
But a big portion of the money is owed to foreigners and pension funds that won’t need to pay out the funds ’til later.
The money that deadbeats spend, right now, gets recycled into the economy faster. That’s assuming they spend the money they don’t pay the banks; but that would be a pretty safe bet.
March 30, 2010 at 7:07 PM #534141briansd1Guest[quote=FormerSanDiegan]
This is not necessarily true. Consider the flip side. [/quote]Very true.
But a big portion of the money is owed to foreigners and pension funds that won’t need to pay out the funds ’til later.
The money that deadbeats spend, right now, gets recycled into the economy faster. That’s assuming they spend the money they don’t pay the banks; but that would be a pretty safe bet.
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