[carlsbadworker]

[quote=denverite]Carlsbadworker, you may feel secure in your job, but that doesn’t make markets and economies. I don’t know if this thought is commonplace in economic theory, but the cornerstone of my economic principles is “Markets (and economies) are made at the margin”. In other words, unemployment rates, gross revenue-to-expenditure ratios, etc. have a leveraged impact on economies, both in up and down markets. [/quote]

It is not about job safety. In the end of day, the financial crisis is about wealth re-distribution. Every person has an equal chance of losing his job in this economy. But the one stands to benefit are those who have cash (savers) and who do not have a huge amount of debt (renters). Therefore, piggs as a group are going to benefit from this economy meltdown, whether a specific individual can do that is hard to say.

[carlsbadworker]

[quote=denverite]Carlsbadworker, you may feel secure in your job, but that doesn’t make markets and economies. I don’t know if this thought is commonplace in economic theory, but the cornerstone of my economic principles is “Markets (and economies) are made at the margin”. In other words, unemployment rates, gross revenue-to-expenditure ratios, etc. have a leveraged impact on economies, both in up and down markets. [/quote]

It is not about job safety. In the end of day, the financial crisis is about wealth re-distribution. Every person has an equal chance of losing his job in this economy. But the one stands to benefit are those who have cash (savers) and who do not have a huge amount of debt (renters). Therefore, piggs as a group are going to benefit from this economy meltdown, whether a specific individual can do that is hard to say.

[carlsbadworker]

[quote=denverite]Carlsbadworker, you may feel secure in your job, but that doesn’t make markets and economies. I don’t know if this thought is commonplace in economic theory, but the cornerstone of my economic principles is “Markets (and economies) are made at the margin”. In other words, unemployment rates, gross revenue-to-expenditure ratios, etc. have a leveraged impact on economies, both in up and down markets. [/quote]

It is not about job safety. In the end of day, the financial crisis is about wealth re-distribution. Every person has an equal chance of losing his job in this economy. But the one stands to benefit are those who have cash (savers) and who do not have a huge amount of debt (renters). Therefore, piggs as a group are going to benefit from this economy meltdown, whether a specific individual can do that is hard to say.

[carlsbadworker]

[quote=denverite]Carlsbadworker, you may feel secure in your job, but that doesn’t make markets and economies. I don’t know if this thought is commonplace in economic theory, but the cornerstone of my economic principles is “Markets (and economies) are made at the margin”. In other words, unemployment rates, gross revenue-to-expenditure ratios, etc. have a leveraged impact on economies, both in up and down markets. [/quote]

It is not about job safety. In the end of day, the financial crisis is about wealth re-distribution. Every person has an equal chance of losing his job in this economy. But the one stands to benefit are those who have cash (savers) and who do not have a huge amount of debt (renters). Therefore, piggs as a group are going to benefit from this economy meltdown, whether a specific individual can do that is hard to say.

[carlsbadworker]

[quote=denverite]Carlsbadworker, you may feel secure in your job, but that doesn’t make markets and economies. I don’t know if this thought is commonplace in economic theory, but the cornerstone of my economic principles is “Markets (and economies) are made at the margin”. In other words, unemployment rates, gross revenue-to-expenditure ratios, etc. have a leveraged impact on economies, both in up and down markets. [/quote]

It is not about job safety. In the end of day, the financial crisis is about wealth re-distribution. Every person has an equal chance of losing his job in this economy. But the one stands to benefit are those who have cash (savers) and who do not have a huge amount of debt (renters). Therefore, piggs as a group are going to benefit from this economy meltdown, whether a specific individual can do that is hard to say.

[carlsbadworker]

[quote=SD Realtor]
So in the end I simply was trying to put forth:
a – a hell of alot more collateral damage then anyone will care to acknowledge.
b – a very very real possibility that our government will not handle this well and that we will be in for a much longer down time then anybody anticipates.
c – that no matter how safe anyone thinks they are, ultimately you just never know.
[/quote]

SDR, I think you are missing the point. Life isn’t real if it does not have ANY pain. But the pain following the bubble burst is smaller to piggs, the minority saving/renting group in the nation, comparing to what we stand to gain.
I wish I could have more compassion to the fellow average American, but they have spent tens of thousands equity in the bubble years and laughed at us who are fiscally responsible. It is payback time now. Plus a reasonably priced asset class is good for the country in the long term. So bring it on!

[carlsbadworker]

[quote=SD Realtor]
So in the end I simply was trying to put forth:
a – a hell of alot more collateral damage then anyone will care to acknowledge.
b – a very very real possibility that our government will not handle this well and that we will be in for a much longer down time then anybody anticipates.
c – that no matter how safe anyone thinks they are, ultimately you just never know.
[/quote]

SDR, I think you are missing the point. Life isn’t real if it does not have ANY pain. But the pain following the bubble burst is smaller to piggs, the minority saving/renting group in the nation, comparing to what we stand to gain.
I wish I could have more compassion to the fellow average American, but they have spent tens of thousands equity in the bubble years and laughed at us who are fiscally responsible. It is payback time now. Plus a reasonably priced asset class is good for the country in the long term. So bring it on!

[carlsbadworker]

[quote=SD Realtor]
So in the end I simply was trying to put forth:
a – a hell of alot more collateral damage then anyone will care to acknowledge.
b – a very very real possibility that our government will not handle this well and that we will be in for a much longer down time then anybody anticipates.
c – that no matter how safe anyone thinks they are, ultimately you just never know.
[/quote]

SDR, I think you are missing the point. Life isn’t real if it does not have ANY pain. But the pain following the bubble burst is smaller to piggs, the minority saving/renting group in the nation, comparing to what we stand to gain.
I wish I could have more compassion to the fellow average American, but they have spent tens of thousands equity in the bubble years and laughed at us who are fiscally responsible. It is payback time now. Plus a reasonably priced asset class is good for the country in the long term. So bring it on!

[carlsbadworker]

[quote=SD Realtor]
So in the end I simply was trying to put forth:
a – a hell of alot more collateral damage then anyone will care to acknowledge.
b – a very very real possibility that our government will not handle this well and that we will be in for a much longer down time then anybody anticipates.
c – that no matter how safe anyone thinks they are, ultimately you just never know.
[/quote]

SDR, I think you are missing the point. Life isn’t real if it does not have ANY pain. But the pain following the bubble burst is smaller to piggs, the minority saving/renting group in the nation, comparing to what we stand to gain.
I wish I could have more compassion to the fellow average American, but they have spent tens of thousands equity in the bubble years and laughed at us who are fiscally responsible. It is payback time now. Plus a reasonably priced asset class is good for the country in the long term. So bring it on!

[carlsbadworker]

[quote=SD Realtor]
So in the end I simply was trying to put forth:
a – a hell of alot more collateral damage then anyone will care to acknowledge.
b – a very very real possibility that our government will not handle this well and that we will be in for a much longer down time then anybody anticipates.
c – that no matter how safe anyone thinks they are, ultimately you just never know.
[/quote]

SDR, I think you are missing the point. Life isn’t real if it does not have ANY pain. But the pain following the bubble burst is smaller to piggs, the minority saving/renting group in the nation, comparing to what we stand to gain.
I wish I could have more compassion to the fellow average American, but they have spent tens of thousands equity in the bubble years and laughed at us who are fiscally responsible. It is payback time now. Plus a reasonably priced asset class is good for the country in the long term. So bring it on!

[carlsbadworker]

Bring it on! Fact is: job security is still more about psychological fear than about the real job safety. Even in depression, the number of people who have a job still outnumbers the number of people who don’t by a wide margin. Also, even if I got laid off tomorrow, with all the severance package and unemployment benefits, I still feel richer than any time I was in the bubble years. I was “priced out forever” in those years, but now even with layoff, I still have a chance to buy a small condo to live in with all cash.

[carlsbadworker]

Bring it on! Fact is: job security is still more about psychological fear than about the real job safety. Even in depression, the number of people who have a job still outnumbers the number of people who don’t by a wide margin. Also, even if I got laid off tomorrow, with all the severance package and unemployment benefits, I still feel richer than any time I was in the bubble years. I was “priced out forever” in those years, but now even with layoff, I still have a chance to buy a small condo to live in with all cash.

[carlsbadworker]

Bring it on! Fact is: job security is still more about psychological fear than about the real job safety. Even in depression, the number of people who have a job still outnumbers the number of people who don’t by a wide margin. Also, even if I got laid off tomorrow, with all the severance package and unemployment benefits, I still feel richer than any time I was in the bubble years. I was “priced out forever” in those years, but now even with layoff, I still have a chance to buy a small condo to live in with all cash.

[carlsbadworker]

Bring it on! Fact is: job security is still more about psychological fear than about the real job safety. Even in depression, the number of people who have a job still outnumbers the number of people who don’t by a wide margin. Also, even if I got laid off tomorrow, with all the severance package and unemployment benefits, I still feel richer than any time I was in the bubble years. I was “priced out forever” in those years, but now even with layoff, I still have a chance to buy a small condo to live in with all cash.

[carlsbadworker]

Bring it on! Fact is: job security is still more about psychological fear than about the real job safety. Even in depression, the number of people who have a job still outnumbers the number of people who don’t by a wide margin. Also, even if I got laid off tomorrow, with all the severance package and unemployment benefits, I still feel richer than any time I was in the bubble years. I was “priced out forever” in those years, but now even with layoff, I still have a chance to buy a small condo to live in with all cash.

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