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December 31, 2007 at 6:24 PM in reply to: Shiller: US could likely to fall into deflationary spiral ala Japan #127053December 31, 2007 at 6:24 PM in reply to: Shiller: US could likely to fall into deflationary spiral ala Japan #127213
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ParticipantAt that point though, won’t Ben be forced to raise rates?
He’s going to have to sometime. And infation in reality, i.e. not “core inflation” is WAY up. Anyone recall what milk was a year ago?
December 31, 2007 at 6:24 PM in reply to: Shiller: US could likely to fall into deflationary spiral ala Japan #127222ParticipantAt that point though, won’t Ben be forced to raise rates?
He’s going to have to sometime. And infation in reality, i.e. not “core inflation” is WAY up. Anyone recall what milk was a year ago?
December 31, 2007 at 6:24 PM in reply to: Shiller: US could likely to fall into deflationary spiral ala Japan #127290ParticipantAt that point though, won’t Ben be forced to raise rates?
He’s going to have to sometime. And infation in reality, i.e. not “core inflation” is WAY up. Anyone recall what milk was a year ago?
December 31, 2007 at 6:24 PM in reply to: Shiller: US could likely to fall into deflationary spiral ala Japan #127314ParticipantAt that point though, won’t Ben be forced to raise rates?
He’s going to have to sometime. And infation in reality, i.e. not “core inflation” is WAY up. Anyone recall what milk was a year ago?
December 27, 2007 at 10:29 AM in reply to: Washington Times Article…..”Blame Abounds For Housing Bust” #124853ParticipantAllan-
That makes sense. The lure of money leads even corporations to make financial decisions illogically, not just Dick and Jane when buying a house.In a way I understand why they did it, and in another way I still can’t grasp what they were thinking.
As far as the bailout, it cracks me up how the media is already starting to criticize Bush for not doing anything soon enough. Correct me if I am wrong, but doesn’t Congress make the laws, and the FED and GSE’s handle finance?
Yeah, but let’s blame Bush anyway.
December 27, 2007 at 10:29 AM in reply to: Washington Times Article…..”Blame Abounds For Housing Bust” #125003ParticipantAllan-
That makes sense. The lure of money leads even corporations to make financial decisions illogically, not just Dick and Jane when buying a house.In a way I understand why they did it, and in another way I still can’t grasp what they were thinking.
As far as the bailout, it cracks me up how the media is already starting to criticize Bush for not doing anything soon enough. Correct me if I am wrong, but doesn’t Congress make the laws, and the FED and GSE’s handle finance?
Yeah, but let’s blame Bush anyway.
December 27, 2007 at 10:29 AM in reply to: Washington Times Article…..”Blame Abounds For Housing Bust” #125022ParticipantAllan-
That makes sense. The lure of money leads even corporations to make financial decisions illogically, not just Dick and Jane when buying a house.In a way I understand why they did it, and in another way I still can’t grasp what they were thinking.
As far as the bailout, it cracks me up how the media is already starting to criticize Bush for not doing anything soon enough. Correct me if I am wrong, but doesn’t Congress make the laws, and the FED and GSE’s handle finance?
Yeah, but let’s blame Bush anyway.
December 27, 2007 at 10:29 AM in reply to: Washington Times Article…..”Blame Abounds For Housing Bust” #125082ParticipantAllan-
That makes sense. The lure of money leads even corporations to make financial decisions illogically, not just Dick and Jane when buying a house.In a way I understand why they did it, and in another way I still can’t grasp what they were thinking.
As far as the bailout, it cracks me up how the media is already starting to criticize Bush for not doing anything soon enough. Correct me if I am wrong, but doesn’t Congress make the laws, and the FED and GSE’s handle finance?
Yeah, but let’s blame Bush anyway.
December 27, 2007 at 10:29 AM in reply to: Washington Times Article…..”Blame Abounds For Housing Bust” #125105ParticipantAllan-
That makes sense. The lure of money leads even corporations to make financial decisions illogically, not just Dick and Jane when buying a house.In a way I understand why they did it, and in another way I still can’t grasp what they were thinking.
As far as the bailout, it cracks me up how the media is already starting to criticize Bush for not doing anything soon enough. Correct me if I am wrong, but doesn’t Congress make the laws, and the FED and GSE’s handle finance?
Yeah, but let’s blame Bush anyway.
December 26, 2007 at 12:46 PM in reply to: Washington Times Article…..”Blame Abounds For Housing Bust” #124414ParticipantI’m glad to see people finally starting to realize how screwed up the housing/lending and related industries were over the past several years, but it leads me to 2 questions:
What are they going to do the people who allowed and encouraged this crap? Are they supposed to get off because they now admit they made a mistake?
Where were all these insights in the middle of lending $500,000 to a $12/hr part time parking lot attendant?
December 26, 2007 at 12:46 PM in reply to: Washington Times Article…..”Blame Abounds For Housing Bust” #124562ParticipantI’m glad to see people finally starting to realize how screwed up the housing/lending and related industries were over the past several years, but it leads me to 2 questions:
What are they going to do the people who allowed and encouraged this crap? Are they supposed to get off because they now admit they made a mistake?
Where were all these insights in the middle of lending $500,000 to a $12/hr part time parking lot attendant?
December 26, 2007 at 12:46 PM in reply to: Washington Times Article…..”Blame Abounds For Housing Bust” #124584ParticipantI’m glad to see people finally starting to realize how screwed up the housing/lending and related industries were over the past several years, but it leads me to 2 questions:
What are they going to do the people who allowed and encouraged this crap? Are they supposed to get off because they now admit they made a mistake?
Where were all these insights in the middle of lending $500,000 to a $12/hr part time parking lot attendant?
December 26, 2007 at 12:46 PM in reply to: Washington Times Article…..”Blame Abounds For Housing Bust” #124641ParticipantI’m glad to see people finally starting to realize how screwed up the housing/lending and related industries were over the past several years, but it leads me to 2 questions:
What are they going to do the people who allowed and encouraged this crap? Are they supposed to get off because they now admit they made a mistake?
Where were all these insights in the middle of lending $500,000 to a $12/hr part time parking lot attendant?
December 26, 2007 at 12:46 PM in reply to: Washington Times Article…..”Blame Abounds For Housing Bust” #124663ParticipantI’m glad to see people finally starting to realize how screwed up the housing/lending and related industries were over the past several years, but it leads me to 2 questions:
What are they going to do the people who allowed and encouraged this crap? Are they supposed to get off because they now admit they made a mistake?
Where were all these insights in the middle of lending $500,000 to a $12/hr part time parking lot attendant?
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