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March 9, 2009 at 4:35 PM #363530March 9, 2009 at 4:41 PM #362941DWCAPParticipant
I dont think everything they are going is attempting to slow the reversion to the mean. I think half of what they are doing is that. I think the other half is just nonsense to attempt to be seen as if they are doing something. If nobody saw it coming, and no one could stop it, no one is to blaim. If they had seen it coming, and knew how to stop it, then they would be held responsible and tossed from office.
March 9, 2009 at 4:41 PM #363234DWCAPParticipantI dont think everything they are going is attempting to slow the reversion to the mean. I think half of what they are doing is that. I think the other half is just nonsense to attempt to be seen as if they are doing something. If nobody saw it coming, and no one could stop it, no one is to blaim. If they had seen it coming, and knew how to stop it, then they would be held responsible and tossed from office.
March 9, 2009 at 4:41 PM #363387DWCAPParticipantI dont think everything they are going is attempting to slow the reversion to the mean. I think half of what they are doing is that. I think the other half is just nonsense to attempt to be seen as if they are doing something. If nobody saw it coming, and no one could stop it, no one is to blaim. If they had seen it coming, and knew how to stop it, then they would be held responsible and tossed from office.
March 9, 2009 at 4:41 PM #363426DWCAPParticipantI dont think everything they are going is attempting to slow the reversion to the mean. I think half of what they are doing is that. I think the other half is just nonsense to attempt to be seen as if they are doing something. If nobody saw it coming, and no one could stop it, no one is to blaim. If they had seen it coming, and knew how to stop it, then they would be held responsible and tossed from office.
March 9, 2009 at 4:41 PM #363535DWCAPParticipantI dont think everything they are going is attempting to slow the reversion to the mean. I think half of what they are doing is that. I think the other half is just nonsense to attempt to be seen as if they are doing something. If nobody saw it coming, and no one could stop it, no one is to blaim. If they had seen it coming, and knew how to stop it, then they would be held responsible and tossed from office.
March 9, 2009 at 5:00 PM #362961MadeInTaiwanParticipant[quote=DWCAP]
I dont think everything they are going is attempting to slow the reversion to the mean. I think half of what they are doing is that. I think the other half is just nonsense to attempt to be seen as if they are doing something. If nobody saw it coming, and no one could stop it, no one is to blaim. If they had seen it coming, and knew how to stop it, then they would be held responsible and tossed from office.
[/quote]I forgot to add this as also being part of Obama’s economic/political calculus in my original reply, though my reply was already too wordy. I am OK with some mainly symbolic measures that will waste money. After all public confidence also affect the downside velocity and how soon we come out of it. Your tolerances may vary.
MadeInTaiwan
March 9, 2009 at 5:00 PM #363254MadeInTaiwanParticipant[quote=DWCAP]
I dont think everything they are going is attempting to slow the reversion to the mean. I think half of what they are doing is that. I think the other half is just nonsense to attempt to be seen as if they are doing something. If nobody saw it coming, and no one could stop it, no one is to blaim. If they had seen it coming, and knew how to stop it, then they would be held responsible and tossed from office.
[/quote]I forgot to add this as also being part of Obama’s economic/political calculus in my original reply, though my reply was already too wordy. I am OK with some mainly symbolic measures that will waste money. After all public confidence also affect the downside velocity and how soon we come out of it. Your tolerances may vary.
MadeInTaiwan
March 9, 2009 at 5:00 PM #363407MadeInTaiwanParticipant[quote=DWCAP]
I dont think everything they are going is attempting to slow the reversion to the mean. I think half of what they are doing is that. I think the other half is just nonsense to attempt to be seen as if they are doing something. If nobody saw it coming, and no one could stop it, no one is to blaim. If they had seen it coming, and knew how to stop it, then they would be held responsible and tossed from office.
[/quote]I forgot to add this as also being part of Obama’s economic/political calculus in my original reply, though my reply was already too wordy. I am OK with some mainly symbolic measures that will waste money. After all public confidence also affect the downside velocity and how soon we come out of it. Your tolerances may vary.
MadeInTaiwan
March 9, 2009 at 5:00 PM #363446MadeInTaiwanParticipant[quote=DWCAP]
I dont think everything they are going is attempting to slow the reversion to the mean. I think half of what they are doing is that. I think the other half is just nonsense to attempt to be seen as if they are doing something. If nobody saw it coming, and no one could stop it, no one is to blaim. If they had seen it coming, and knew how to stop it, then they would be held responsible and tossed from office.
[/quote]I forgot to add this as also being part of Obama’s economic/political calculus in my original reply, though my reply was already too wordy. I am OK with some mainly symbolic measures that will waste money. After all public confidence also affect the downside velocity and how soon we come out of it. Your tolerances may vary.
MadeInTaiwan
March 9, 2009 at 5:00 PM #363555MadeInTaiwanParticipant[quote=DWCAP]
I dont think everything they are going is attempting to slow the reversion to the mean. I think half of what they are doing is that. I think the other half is just nonsense to attempt to be seen as if they are doing something. If nobody saw it coming, and no one could stop it, no one is to blaim. If they had seen it coming, and knew how to stop it, then they would be held responsible and tossed from office.
[/quote]I forgot to add this as also being part of Obama’s economic/political calculus in my original reply, though my reply was already too wordy. I am OK with some mainly symbolic measures that will waste money. After all public confidence also affect the downside velocity and how soon we come out of it. Your tolerances may vary.
MadeInTaiwan
March 9, 2009 at 5:33 PM #362976patientrenterParticipant[quote=execute]This is my first post, but i’ve been lurking here along time.
The thing many people seem to forget is that the market is much much larger then the government. The government will fail in propping up home prices. Consider all the things the government has done up to this point: bailouts, stimulus checks, nationalization, and look at the situation the economy is in: market down 55%, unemployment surging, housing values continuing to plummet.I guess my point is that the government is ineffective. They cannot stop this, no matter what they do. Yes, they can make the situation worse and prolong things, but I have zero faith in their ability to “fix” anything.[/quote]
It is easy to forget that government action can be very effective in distorting prices. For example, if the government were to decide tomorrow to give buyers with no downpayment enough money to buy any home at 120% of its appraised value, then I guarantee you that home prices would move up quickly. Yes, inflation would eventually shoot up, but that just transfers wealth from net savers to net borrowers. That makes it a form of confiscation, but it’s a form very much in favor in the US.
March 9, 2009 at 5:33 PM #363269patientrenterParticipant[quote=execute]This is my first post, but i’ve been lurking here along time.
The thing many people seem to forget is that the market is much much larger then the government. The government will fail in propping up home prices. Consider all the things the government has done up to this point: bailouts, stimulus checks, nationalization, and look at the situation the economy is in: market down 55%, unemployment surging, housing values continuing to plummet.I guess my point is that the government is ineffective. They cannot stop this, no matter what they do. Yes, they can make the situation worse and prolong things, but I have zero faith in their ability to “fix” anything.[/quote]
It is easy to forget that government action can be very effective in distorting prices. For example, if the government were to decide tomorrow to give buyers with no downpayment enough money to buy any home at 120% of its appraised value, then I guarantee you that home prices would move up quickly. Yes, inflation would eventually shoot up, but that just transfers wealth from net savers to net borrowers. That makes it a form of confiscation, but it’s a form very much in favor in the US.
March 9, 2009 at 5:33 PM #363422patientrenterParticipant[quote=execute]This is my first post, but i’ve been lurking here along time.
The thing many people seem to forget is that the market is much much larger then the government. The government will fail in propping up home prices. Consider all the things the government has done up to this point: bailouts, stimulus checks, nationalization, and look at the situation the economy is in: market down 55%, unemployment surging, housing values continuing to plummet.I guess my point is that the government is ineffective. They cannot stop this, no matter what they do. Yes, they can make the situation worse and prolong things, but I have zero faith in their ability to “fix” anything.[/quote]
It is easy to forget that government action can be very effective in distorting prices. For example, if the government were to decide tomorrow to give buyers with no downpayment enough money to buy any home at 120% of its appraised value, then I guarantee you that home prices would move up quickly. Yes, inflation would eventually shoot up, but that just transfers wealth from net savers to net borrowers. That makes it a form of confiscation, but it’s a form very much in favor in the US.
March 9, 2009 at 5:33 PM #363461patientrenterParticipant[quote=execute]This is my first post, but i’ve been lurking here along time.
The thing many people seem to forget is that the market is much much larger then the government. The government will fail in propping up home prices. Consider all the things the government has done up to this point: bailouts, stimulus checks, nationalization, and look at the situation the economy is in: market down 55%, unemployment surging, housing values continuing to plummet.I guess my point is that the government is ineffective. They cannot stop this, no matter what they do. Yes, they can make the situation worse and prolong things, but I have zero faith in their ability to “fix” anything.[/quote]
It is easy to forget that government action can be very effective in distorting prices. For example, if the government were to decide tomorrow to give buyers with no downpayment enough money to buy any home at 120% of its appraised value, then I guarantee you that home prices would move up quickly. Yes, inflation would eventually shoot up, but that just transfers wealth from net savers to net borrowers. That makes it a form of confiscation, but it’s a form very much in favor in the US.
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