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bsrsharma
ParticipantHe He, Stop beating him up. With our current balance of trade and public/private debt to overseas lenders, $ devaluation is the best hope to keep the economy on rails. Who among you would prefer to go back to a 1929 like crash and ’30s like depression rather than having devalued $?
ParticipantHe He, Stop beating him up. With our current balance of trade and public/private debt to overseas lenders, $ devaluation is the best hope to keep the economy on rails. Who among you would prefer to go back to a 1929 like crash and ’30s like depression rather than having devalued $?
ParticipantHe He, Stop beating him up. With our current balance of trade and public/private debt to overseas lenders, $ devaluation is the best hope to keep the economy on rails. Who among you would prefer to go back to a 1929 like crash and ’30s like depression rather than having devalued $?
ParticipantHe He, Stop beating him up. With our current balance of trade and public/private debt to overseas lenders, $ devaluation is the best hope to keep the economy on rails. Who among you would prefer to go back to a 1929 like crash and ’30s like depression rather than having devalued $?
ParticipantHe He, Stop beating him up. With our current balance of trade and public/private debt to overseas lenders, $ devaluation is the best hope to keep the economy on rails. Who among you would prefer to go back to a 1929 like crash and ’30s like depression rather than having devalued $?
ParticipantI don’t know about the “everybody can refinance” part but surely “the banks are going to make all this money off this” is valid. If you have deposits that were earning $2000 interest 4 months back and are earning $1000 interest now, who do you think gets to keep the other $1000? They are still going to collect 19% or 22% from credit slaves but give depositors 3%. That surely helps the bottom line of depository institutions and soothes the MBS ravaged balance sheets a little.
ParticipantI don’t know about the “everybody can refinance” part but surely “the banks are going to make all this money off this” is valid. If you have deposits that were earning $2000 interest 4 months back and are earning $1000 interest now, who do you think gets to keep the other $1000? They are still going to collect 19% or 22% from credit slaves but give depositors 3%. That surely helps the bottom line of depository institutions and soothes the MBS ravaged balance sheets a little.
ParticipantI don’t know about the “everybody can refinance” part but surely “the banks are going to make all this money off this” is valid. If you have deposits that were earning $2000 interest 4 months back and are earning $1000 interest now, who do you think gets to keep the other $1000? They are still going to collect 19% or 22% from credit slaves but give depositors 3%. That surely helps the bottom line of depository institutions and soothes the MBS ravaged balance sheets a little.
ParticipantI don’t know about the “everybody can refinance” part but surely “the banks are going to make all this money off this” is valid. If you have deposits that were earning $2000 interest 4 months back and are earning $1000 interest now, who do you think gets to keep the other $1000? They are still going to collect 19% or 22% from credit slaves but give depositors 3%. That surely helps the bottom line of depository institutions and soothes the MBS ravaged balance sheets a little.
ParticipantI don’t know about the “everybody can refinance” part but surely “the banks are going to make all this money off this” is valid. If you have deposits that were earning $2000 interest 4 months back and are earning $1000 interest now, who do you think gets to keep the other $1000? They are still going to collect 19% or 22% from credit slaves but give depositors 3%. That surely helps the bottom line of depository institutions and soothes the MBS ravaged balance sheets a little.
ParticipantHow we cashed in before the housing crash
Friends thought he was nuts when a Times reporter sold his home and started to rent in 2005. But for him, the warning signs were just too hard to miss.
By Peter Y. Hong, Los Angeles Times Staff Writer
January 20, 2008Our friends said we were crazy. Relatives asked whether we were in financial trouble. But in April 2005, my wife and I bailed out of the American dream. We sold our two-bedroom Pasadena condominium and became renters again. ¶ We got nearly three times what we had paid for the place nine years earlier. It seemed to us like a staggering profit — and a sign that the market had been pumped up beyond reason. ¶ That’s why we decided to rent instead of buying another house right away. We wanted a place with a yard and a third bedroom, but we weren’t willing to pay the sky-high price or take out an exotic mortgage to buy something our income did not justify. ¶ So our plan was to take our profit and wait for prices to return to Earth. The madness had to end, we thought. ¶ For a while, we wondered whether we would prove to be the crazy ones as home values in Southern California overall continued rising through last spring. But a closer inspection of real estate sales data shows that signs of trouble were already appearing when we sold……
ParticipantHow we cashed in before the housing crash
Friends thought he was nuts when a Times reporter sold his home and started to rent in 2005. But for him, the warning signs were just too hard to miss.
By Peter Y. Hong, Los Angeles Times Staff Writer
January 20, 2008Our friends said we were crazy. Relatives asked whether we were in financial trouble. But in April 2005, my wife and I bailed out of the American dream. We sold our two-bedroom Pasadena condominium and became renters again. ¶ We got nearly three times what we had paid for the place nine years earlier. It seemed to us like a staggering profit — and a sign that the market had been pumped up beyond reason. ¶ That’s why we decided to rent instead of buying another house right away. We wanted a place with a yard and a third bedroom, but we weren’t willing to pay the sky-high price or take out an exotic mortgage to buy something our income did not justify. ¶ So our plan was to take our profit and wait for prices to return to Earth. The madness had to end, we thought. ¶ For a while, we wondered whether we would prove to be the crazy ones as home values in Southern California overall continued rising through last spring. But a closer inspection of real estate sales data shows that signs of trouble were already appearing when we sold……
ParticipantHow we cashed in before the housing crash
Friends thought he was nuts when a Times reporter sold his home and started to rent in 2005. But for him, the warning signs were just too hard to miss.
By Peter Y. Hong, Los Angeles Times Staff Writer
January 20, 2008Our friends said we were crazy. Relatives asked whether we were in financial trouble. But in April 2005, my wife and I bailed out of the American dream. We sold our two-bedroom Pasadena condominium and became renters again. ¶ We got nearly three times what we had paid for the place nine years earlier. It seemed to us like a staggering profit — and a sign that the market had been pumped up beyond reason. ¶ That’s why we decided to rent instead of buying another house right away. We wanted a place with a yard and a third bedroom, but we weren’t willing to pay the sky-high price or take out an exotic mortgage to buy something our income did not justify. ¶ So our plan was to take our profit and wait for prices to return to Earth. The madness had to end, we thought. ¶ For a while, we wondered whether we would prove to be the crazy ones as home values in Southern California overall continued rising through last spring. But a closer inspection of real estate sales data shows that signs of trouble were already appearing when we sold……
ParticipantHow we cashed in before the housing crash
Friends thought he was nuts when a Times reporter sold his home and started to rent in 2005. But for him, the warning signs were just too hard to miss.
By Peter Y. Hong, Los Angeles Times Staff Writer
January 20, 2008Our friends said we were crazy. Relatives asked whether we were in financial trouble. But in April 2005, my wife and I bailed out of the American dream. We sold our two-bedroom Pasadena condominium and became renters again. ¶ We got nearly three times what we had paid for the place nine years earlier. It seemed to us like a staggering profit — and a sign that the market had been pumped up beyond reason. ¶ That’s why we decided to rent instead of buying another house right away. We wanted a place with a yard and a third bedroom, but we weren’t willing to pay the sky-high price or take out an exotic mortgage to buy something our income did not justify. ¶ So our plan was to take our profit and wait for prices to return to Earth. The madness had to end, we thought. ¶ For a while, we wondered whether we would prove to be the crazy ones as home values in Southern California overall continued rising through last spring. But a closer inspection of real estate sales data shows that signs of trouble were already appearing when we sold……
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