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bsrsharma
ParticipantOut of the box thinking:
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Comment by AKron
2007-09-30 12:48:57Homes that sold for $350k in 2001 are still $700k+ today.
Stop quoting these in dollars. Homes that sold for 350/30 = 11.7K barrels of petroleum in 2001 are now 700/80 = 8.75K barrels of petroleum.
September 30, 2007 at 8:41 PM in reply to: My mom rented a house and is now about to move out because… #86502bsrsharma
ParticipantIs it Section 8?
bsrsharma
ParticipantCredit Unions are insured by NCUA. See http://www.ncua.gov/ShareInsurance/Index.htm
bsrsharma
ParticipantCorrect me if I am wrong – the termite business seems like a gravy train (looking at their prices). Hard to shed more than a few tears.
bsrsharma
Participantopenly talk about staying with their husband only for financial reasons.
Hmm, doesn't that "profession" have a name? I thought so.
bsrsharma
ParticipantIf you have reasonable confidence in getting jobs, Huntsville seems a better bet.
bsrsharma
Participantgreensd – since the perspectives are sometimes asymmetrical, are you the husband or wife in the divorce?
bsrsharma
Participanteat too much
That is inconsequential. Our major deficits are;
1. Public debt (federal government)
2. High private debt for housing
3. Oil & Gas imports
4. Auto imports
5. Large corporate debts. Hidden corporate debts due to rising health care costs and commercial real estate costs.
6. Consumer Electronics etc.,
Food & clothing are relatively minor.
bsrsharma
ParticipantTG: That is an interesting theory! How big is your straw poll?
After 9/11, I heard this phrase “… she decided against pressing for divorce after these events …” many times. See http://www.nocourtdivorce.com/news_text.phtml?pressID=27
bsrsharma
Participantanother war
I think you can sleep well on that issue. If there is as much as a rumbling of another war, my guess is, you will see treasuries drop like a rock and the term "Full faith & credit" severely challenged. It may seem weird – but the threat of Bankruptcy is a powerful antiwar protest!
September 29, 2007 at 9:35 AM in reply to: VOTE: state of the bubble collapse, Worse, OR Better than your expectation? #86338bsrsharma
Participantyear 2011
Actually, that is a bad year! That is when baby boomers start suckling into Social Security & Medicare. By then, they will also be liquidating 401(k)s for living expenses, there will be strain on the few surviving pension funds, the indigent baby boomers will be taxing SSI/Medicaid/Medical. Many will be downsizing by selling their larger family homes for smaller retirement homes. In other words, that is when all hell breaks loose!
Compared to that, subprime seems to me like horse de vours before a banquet
bsrsharma
ParticipantWe are overtaxed and Overmaxed.
Actually, if we were overtaxed (for what we are spending), we would have realized the costs for our actions and things wouldn't be this bad. It is the over borrowing that gave us a false sense of affluence – causing all misdeeds. Now that the rest of the world has found out we are junkies, we have to suffer the cold turkey syndrome.
bsrsharma
ParticipantOOps..The above from OC
No need for oops; this will be the National pattern for at least two more quarters.
bsrsharma
ParticipantAnother list of cities with a positive outlook:
http://money.cnn.com/galleries/2007/biz2/0709/gallery.boom_towns.biz2/index.html
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