World Turned upside down

[Aecetia]

You can also brew your own beer if you do not want to drink water: http://www.wikihow.com/Brew-Your-Own-Beer

[Anonymous]

I’m neither a fan of the fed or of the tactics the gov’t employs in order to juice the economy. However, I do think that they will do all in their power to keep our financial system going. So no, I do not believe a depression is around the corner. Yes, one day we will have to face this as this will be unsustainable. I just don’t think it will be now. I think that central banks around the world have too many dollars, too much at stake, to let this crumble without a fight.

I think that if they believe they need to blow another asset bubble to keep our economic way of life alive for another round, they will try it. And they will try it with tools that we haven’t even considered yet.

[Anonymous]

I’m neither a fan of the fed or of the tactics the gov’t employs in order to juice the economy. However, I do think that they will do all in their power to keep our financial system going. So no, I do not believe a depression is around the corner. Yes, one day we will have to face this as this will be unsustainable. I just don’t think it will be now. I think that central banks around the world have too many dollars, too much at stake, to let this crumble without a fight.

I think that if they believe they need to blow another asset bubble to keep our economic way of life alive for another round, they will try it. And they will try it with tools that we haven’t even considered yet.

[Anonymous]

I’m neither a fan of the fed or of the tactics the gov’t employs in order to juice the economy. However, I do think that they will do all in their power to keep our financial system going. So no, I do not believe a depression is around the corner. Yes, one day we will have to face this as this will be unsustainable. I just don’t think it will be now. I think that central banks around the world have too many dollars, too much at stake, to let this crumble without a fight.

I think that if they believe they need to blow another asset bubble to keep our economic way of life alive for another round, they will try it. And they will try it with tools that we haven’t even considered yet.

[Anonymous]

I’m neither a fan of the fed or of the tactics the gov’t employs in order to juice the economy. However, I do think that they will do all in their power to keep our financial system going. So no, I do not believe a depression is around the corner. Yes, one day we will have to face this as this will be unsustainable. I just don’t think it will be now. I think that central banks around the world have too many dollars, too much at stake, to let this crumble without a fight.

I think that if they believe they need to blow another asset bubble to keep our economic way of life alive for another round, they will try it. And they will try it with tools that we haven’t even considered yet.

[Anonymous]

I’m neither a fan of the fed or of the tactics the gov’t employs in order to juice the economy. However, I do think that they will do all in their power to keep our financial system going. So no, I do not believe a depression is around the corner. Yes, one day we will have to face this as this will be unsustainable. I just don’t think it will be now. I think that central banks around the world have too many dollars, too much at stake, to let this crumble without a fight.

I think that if they believe they need to blow another asset bubble to keep our economic way of life alive for another round, they will try it. And they will try it with tools that we haven’t even considered yet.

[Running Bear]

Kewp,

I like your strategy of keeping your costs down and the term I use is “living beneath my means”.

The reason why I am replying to you however is I wouldn’t assume higher education is recession proof. As we can see from California, states are beginning to feel the impact of the housing downturn and this will begin to effect more and more states. Colleges and Universities that receive Federal and state money are going to see a reduction. They will either have to reduce staff, reduce programs, or both.

Sallie is in serious trouble right now with her loan portfolio and this is only going to get worse. Loans for college students will get harder and harder to get and rates will go up. I don’t have the time to go too deep into this but I think you get the point.

Obviously this will be determined by the length and depth of this downturn. The longer and deeper it is the more impact something like higher education will feel the hit. Remember that most people have to borrow large amounts of money to pay for school. The ability to borrow money and take on debt is getting harder and harder and at this point, difficult to determine where it will ease.

My2Cents

[Running Bear]

Kewp,

I like your strategy of keeping your costs down and the term I use is “living beneath my means”.

The reason why I am replying to you however is I wouldn’t assume higher education is recession proof. As we can see from California, states are beginning to feel the impact of the housing downturn and this will begin to effect more and more states. Colleges and Universities that receive Federal and state money are going to see a reduction. They will either have to reduce staff, reduce programs, or both.

Sallie is in serious trouble right now with her loan portfolio and this is only going to get worse. Loans for college students will get harder and harder to get and rates will go up. I don’t have the time to go too deep into this but I think you get the point.

Obviously this will be determined by the length and depth of this downturn. The longer and deeper it is the more impact something like higher education will feel the hit. Remember that most people have to borrow large amounts of money to pay for school. The ability to borrow money and take on debt is getting harder and harder and at this point, difficult to determine where it will ease.

My2Cents

[Running Bear]

Kewp,

I like your strategy of keeping your costs down and the term I use is “living beneath my means”.

The reason why I am replying to you however is I wouldn’t assume higher education is recession proof. As we can see from California, states are beginning to feel the impact of the housing downturn and this will begin to effect more and more states. Colleges and Universities that receive Federal and state money are going to see a reduction. They will either have to reduce staff, reduce programs, or both.

Sallie is in serious trouble right now with her loan portfolio and this is only going to get worse. Loans for college students will get harder and harder to get and rates will go up. I don’t have the time to go too deep into this but I think you get the point.

Obviously this will be determined by the length and depth of this downturn. The longer and deeper it is the more impact something like higher education will feel the hit. Remember that most people have to borrow large amounts of money to pay for school. The ability to borrow money and take on debt is getting harder and harder and at this point, difficult to determine where it will ease.

My2Cents

[Running Bear]

Kewp,

I like your strategy of keeping your costs down and the term I use is “living beneath my means”.

The reason why I am replying to you however is I wouldn’t assume higher education is recession proof. As we can see from California, states are beginning to feel the impact of the housing downturn and this will begin to effect more and more states. Colleges and Universities that receive Federal and state money are going to see a reduction. They will either have to reduce staff, reduce programs, or both.

Sallie is in serious trouble right now with her loan portfolio and this is only going to get worse. Loans for college students will get harder and harder to get and rates will go up. I don’t have the time to go too deep into this but I think you get the point.

Obviously this will be determined by the length and depth of this downturn. The longer and deeper it is the more impact something like higher education will feel the hit. Remember that most people have to borrow large amounts of money to pay for school. The ability to borrow money and take on debt is getting harder and harder and at this point, difficult to determine where it will ease.

My2Cents

[Running Bear]

Kewp,

I like your strategy of keeping your costs down and the term I use is “living beneath my means”.

The reason why I am replying to you however is I wouldn’t assume higher education is recession proof. As we can see from California, states are beginning to feel the impact of the housing downturn and this will begin to effect more and more states. Colleges and Universities that receive Federal and state money are going to see a reduction. They will either have to reduce staff, reduce programs, or both.

Sallie is in serious trouble right now with her loan portfolio and this is only going to get worse. Loans for college students will get harder and harder to get and rates will go up. I don’t have the time to go too deep into this but I think you get the point.

Obviously this will be determined by the length and depth of this downturn. The longer and deeper it is the more impact something like higher education will feel the hit. Remember that most people have to borrow large amounts of money to pay for school. The ability to borrow money and take on debt is getting harder and harder and at this point, difficult to determine where it will ease.

My2Cents

[Bubblesitter]

Going back to the original post…..

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco.

Without intervention, the collapse would have perhaps triggered a “world turned upside down” scenario. It seems that everyone is now talking about systemic financial collapse.

Here’s a quote from recent Congressional testimony….

A failure to save Bear Stearns, said Timothy F. Geithner, the president of the Federal Reserve Bank of New York, would have led to “a greater probability of widespread insolvencies, severe and protracted damage to the financial system and, ultimately, to the economy as a whole.”

Bubblesitter

[Bubblesitter]

Going back to the original post…..

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco.

Without intervention, the collapse would have perhaps triggered a “world turned upside down” scenario. It seems that everyone is now talking about systemic financial collapse.

Here’s a quote from recent Congressional testimony….

A failure to save Bear Stearns, said Timothy F. Geithner, the president of the Federal Reserve Bank of New York, would have led to “a greater probability of widespread insolvencies, severe and protracted damage to the financial system and, ultimately, to the economy as a whole.”

Bubblesitter

[Bubblesitter]

Going back to the original post…..

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco.

Without intervention, the collapse would have perhaps triggered a “world turned upside down” scenario. It seems that everyone is now talking about systemic financial collapse.

Here’s a quote from recent Congressional testimony….

A failure to save Bear Stearns, said Timothy F. Geithner, the president of the Federal Reserve Bank of New York, would have led to “a greater probability of widespread insolvencies, severe and protracted damage to the financial system and, ultimately, to the economy as a whole.”

Bubblesitter

[Bubblesitter]

Going back to the original post…..

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco.

Without intervention, the collapse would have perhaps triggered a “world turned upside down” scenario. It seems that everyone is now talking about systemic financial collapse.

Here’s a quote from recent Congressional testimony….

A failure to save Bear Stearns, said Timothy F. Geithner, the president of the Federal Reserve Bank of New York, would have led to “a greater probability of widespread insolvencies, severe and protracted damage to the financial system and, ultimately, to the economy as a whole.”

Bubblesitter

[Author]

Posts