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ParticipantShe’s got a better head than most.
Any bank that thinks they can hold on to their REOs for even a few years and resell at 2006 levels has their head somewhere else.
ParticipantShe’s got a better head than most.
Any bank that thinks they can hold on to their REOs for even a few years and resell at 2006 levels has their head somewhere else.
ParticipantShe’s got a better head than most.
Any bank that thinks they can hold on to their REOs for even a few years and resell at 2006 levels has their head somewhere else.
September 17, 2008 at 10:17 AM in reply to: So How Would You Define Our Economic Ideology Now? #271425ParticipantI think we’re back in the USSR
United States Socialist Republic
Not even as noble as communism because we rob from the smart and give to the stupid.
Cuba and China and calling us corrupt.
September 17, 2008 at 10:17 AM in reply to: So How Would You Define Our Economic Ideology Now? #271662ParticipantI think we’re back in the USSR
United States Socialist Republic
Not even as noble as communism because we rob from the smart and give to the stupid.
Cuba and China and calling us corrupt.
September 17, 2008 at 10:17 AM in reply to: So How Would You Define Our Economic Ideology Now? #271672ParticipantI think we’re back in the USSR
United States Socialist Republic
Not even as noble as communism because we rob from the smart and give to the stupid.
Cuba and China and calling us corrupt.
September 17, 2008 at 10:17 AM in reply to: So How Would You Define Our Economic Ideology Now? #271713ParticipantI think we’re back in the USSR
United States Socialist Republic
Not even as noble as communism because we rob from the smart and give to the stupid.
Cuba and China and calling us corrupt.
September 17, 2008 at 10:17 AM in reply to: So How Would You Define Our Economic Ideology Now? #271739ParticipantI think we’re back in the USSR
United States Socialist Republic
Not even as noble as communism because we rob from the smart and give to the stupid.
Cuba and China and calling us corrupt.
ParticipantThe stock and real estate market of the past 5 years were thought to be unsinkable. Reminds me of the Titanic, only this the time the ship was made of MBS paper.
This stuff needed to happen.
You simply can’t have an economy built on more debt than it can pay and expect things to continue to rise.
I think internationally it’s a bit of an over correction and will probably rebound faster, but the US is heading for a depression-like era of living under our means, getting rid of debt, and hopefully getting people in positions who know what they are doing.
ParticipantThe stock and real estate market of the past 5 years were thought to be unsinkable. Reminds me of the Titanic, only this the time the ship was made of MBS paper.
This stuff needed to happen.
You simply can’t have an economy built on more debt than it can pay and expect things to continue to rise.
I think internationally it’s a bit of an over correction and will probably rebound faster, but the US is heading for a depression-like era of living under our means, getting rid of debt, and hopefully getting people in positions who know what they are doing.
ParticipantThe stock and real estate market of the past 5 years were thought to be unsinkable. Reminds me of the Titanic, only this the time the ship was made of MBS paper.
This stuff needed to happen.
You simply can’t have an economy built on more debt than it can pay and expect things to continue to rise.
I think internationally it’s a bit of an over correction and will probably rebound faster, but the US is heading for a depression-like era of living under our means, getting rid of debt, and hopefully getting people in positions who know what they are doing.
ParticipantThe stock and real estate market of the past 5 years were thought to be unsinkable. Reminds me of the Titanic, only this the time the ship was made of MBS paper.
This stuff needed to happen.
You simply can’t have an economy built on more debt than it can pay and expect things to continue to rise.
I think internationally it’s a bit of an over correction and will probably rebound faster, but the US is heading for a depression-like era of living under our means, getting rid of debt, and hopefully getting people in positions who know what they are doing.
ParticipantThe stock and real estate market of the past 5 years were thought to be unsinkable. Reminds me of the Titanic, only this the time the ship was made of MBS paper.
This stuff needed to happen.
You simply can’t have an economy built on more debt than it can pay and expect things to continue to rise.
I think internationally it’s a bit of an over correction and will probably rebound faster, but the US is heading for a depression-like era of living under our means, getting rid of debt, and hopefully getting people in positions who know what they are doing.
Participant[quote=Mark Holmes]I think that within 2 or 3 weeks everyone and his brother will realize how messed up the economy is.[/quote]
Exactly, and as it pertains to housing this may be the start of people viewing housing as an equally poor investment and draw out the downturn there.
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