The Economy is a Lie, too

[blahblahblah]

18 years of declines ouch!

Japan unemployment 5.7%
US unemployment 20%

Comparisons with Japan may not work out with the US. Japan has basically zero immigration, negative population growth, and a strong production-based economy. We have very liberal immigration, positive population growth, and a primarily service and government-based economy. I think the USSR of the 70s/80s and possibly the UK at the end of the 19th century might be better examples but even those don’t match up very well. We are in uncharted territory.

[werewolf34]

We are largely a service-based economy with poor education infrastructure and low trade barriers and restrictions. (Halliburton based in Dubai?)

Doesn’t bode well

[werewolf34]

We are largely a service-based economy with poor education infrastructure and low trade barriers and restrictions. (Halliburton based in Dubai?)

Doesn’t bode well

[werewolf34]

We are largely a service-based economy with poor education infrastructure and low trade barriers and restrictions. (Halliburton based in Dubai?)

Doesn’t bode well

[werewolf34]

We are largely a service-based economy with poor education infrastructure and low trade barriers and restrictions. (Halliburton based in Dubai?)

Doesn’t bode well

[werewolf34]

We are largely a service-based economy with poor education infrastructure and low trade barriers and restrictions. (Halliburton based in Dubai?)

Doesn’t bode well

[Arraya]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOUFvgV93LaI

Credit card default rates hit all time high

http://www.dsnews.com/articles/us-mortgage-delinquencies-already-at-an-all-time-high-keep-rising-2009-09-23

Mortgage delinquencies hit all time high

http://www.bloomberg.com/apps/news?pid=20601103&sid=agaAXUiwUBT8

State foreclosure mediation measures ineffective

http://online.wsj.com/article/SB125366552480532521.html

Shadow inventory grows

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSOl7yapYs8Q

CRE in “steep decline”

Recovery is right around the corner….

[Arraya]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOUFvgV93LaI

Credit card default rates hit all time high

http://www.dsnews.com/articles/us-mortgage-delinquencies-already-at-an-all-time-high-keep-rising-2009-09-23

Mortgage delinquencies hit all time high

http://www.bloomberg.com/apps/news?pid=20601103&sid=agaAXUiwUBT8

State foreclosure mediation measures ineffective

http://online.wsj.com/article/SB125366552480532521.html

Shadow inventory grows

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSOl7yapYs8Q

CRE in “steep decline”

Recovery is right around the corner….

[Arraya]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOUFvgV93LaI

Credit card default rates hit all time high

http://www.dsnews.com/articles/us-mortgage-delinquencies-already-at-an-all-time-high-keep-rising-2009-09-23

Mortgage delinquencies hit all time high

http://www.bloomberg.com/apps/news?pid=20601103&sid=agaAXUiwUBT8

State foreclosure mediation measures ineffective

http://online.wsj.com/article/SB125366552480532521.html

Shadow inventory grows

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSOl7yapYs8Q

CRE in “steep decline”

Recovery is right around the corner….

[Arraya]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOUFvgV93LaI

Credit card default rates hit all time high

http://www.dsnews.com/articles/us-mortgage-delinquencies-already-at-an-all-time-high-keep-rising-2009-09-23

Mortgage delinquencies hit all time high

http://www.bloomberg.com/apps/news?pid=20601103&sid=agaAXUiwUBT8

State foreclosure mediation measures ineffective

http://online.wsj.com/article/SB125366552480532521.html

Shadow inventory grows

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSOl7yapYs8Q

CRE in “steep decline”

Recovery is right around the corner….

[Arraya]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOUFvgV93LaI

Credit card default rates hit all time high

http://www.dsnews.com/articles/us-mortgage-delinquencies-already-at-an-all-time-high-keep-rising-2009-09-23

Mortgage delinquencies hit all time high

http://www.bloomberg.com/apps/news?pid=20601103&sid=agaAXUiwUBT8

State foreclosure mediation measures ineffective

http://online.wsj.com/article/SB125366552480532521.html

Shadow inventory grows

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSOl7yapYs8Q

CRE in “steep decline”

Recovery is right around the corner….

[Rt.66]

Timely article on Mish’s site today:

Following the Footsteps of Japan
http://globaleconomicanalysis.blogspot.com/2009/09/following-footsteps-of-japan.html

I wonder how many on this forum believe forms of deflation will be with us for a long time. How many believe that housing will still be in the toilet in ten years?

Bankers have done such a wonderful job convincing people to voluntarily tie a 30 year debt stone around their neck. The bidding wars are fascinating; right when we have an upper hand on the banker debt machine people start giving them power again in hopes they will “win the bidding war” and somehow be able to sell that REO for a profit to someone else in the foreseeable future.
They are in for a BIG surprise.

[Rt.66]

Timely article on Mish’s site today:

Following the Footsteps of Japan
http://globaleconomicanalysis.blogspot.com/2009/09/following-footsteps-of-japan.html

I wonder how many on this forum believe forms of deflation will be with us for a long time. How many believe that housing will still be in the toilet in ten years?

Bankers have done such a wonderful job convincing people to voluntarily tie a 30 year debt stone around their neck. The bidding wars are fascinating; right when we have an upper hand on the banker debt machine people start giving them power again in hopes they will “win the bidding war” and somehow be able to sell that REO for a profit to someone else in the foreseeable future.
They are in for a BIG surprise.

[Rt.66]

Timely article on Mish’s site today:

Following the Footsteps of Japan
http://globaleconomicanalysis.blogspot.com/2009/09/following-footsteps-of-japan.html

I wonder how many on this forum believe forms of deflation will be with us for a long time. How many believe that housing will still be in the toilet in ten years?

Bankers have done such a wonderful job convincing people to voluntarily tie a 30 year debt stone around their neck. The bidding wars are fascinating; right when we have an upper hand on the banker debt machine people start giving them power again in hopes they will “win the bidding war” and somehow be able to sell that REO for a profit to someone else in the foreseeable future.
They are in for a BIG surprise.

[Rt.66]

Timely article on Mish’s site today:

Following the Footsteps of Japan
http://globaleconomicanalysis.blogspot.com/2009/09/following-footsteps-of-japan.html

I wonder how many on this forum believe forms of deflation will be with us for a long time. How many believe that housing will still be in the toilet in ten years?

Bankers have done such a wonderful job convincing people to voluntarily tie a 30 year debt stone around their neck. The bidding wars are fascinating; right when we have an upper hand on the banker debt machine people start giving them power again in hopes they will “win the bidding war” and somehow be able to sell that REO for a profit to someone else in the foreseeable future.
They are in for a BIG surprise.

[Author]

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