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DWCAP
ParticipantIt was originally under contract in early 2009 for 270k if I rememeber right, then they were asking 355 when it fell outa escrow. Still a good deal and that is a good area in MM.
DWCAP
ParticipantI have to agree with rich, in that keynesian economics success or failure depends upon your timeline. In the short run it works wonders, raising GPD and lowering unemployment and increaseing spending etc etc etc.
But Eugene, you never addressed my question in the greeenspan vs Krugman thread. How can the stimulus be pulled back without putting us into another recession? If it was a simple recession, I can understand it, but this isnt a standard recession, this is a debt crisis. How do you get out of a debt crisis by creating more debt?
Perhaps Greece isnt the right model for us, but Japan seems not too far off. They have never recovered from their massive bubbles, and they have followed stimulus measures to 200% of GPD, and have the advantage of being a export nation.I really would like to hear the long term argument of how you get out of keynesian stimulus without going back into recessions.
DWCAP
ParticipantI have to agree with rich, in that keynesian economics success or failure depends upon your timeline. In the short run it works wonders, raising GPD and lowering unemployment and increaseing spending etc etc etc.
But Eugene, you never addressed my question in the greeenspan vs Krugman thread. How can the stimulus be pulled back without putting us into another recession? If it was a simple recession, I can understand it, but this isnt a standard recession, this is a debt crisis. How do you get out of a debt crisis by creating more debt?
Perhaps Greece isnt the right model for us, but Japan seems not too far off. They have never recovered from their massive bubbles, and they have followed stimulus measures to 200% of GPD, and have the advantage of being a export nation.I really would like to hear the long term argument of how you get out of keynesian stimulus without going back into recessions.
DWCAP
ParticipantI have to agree with rich, in that keynesian economics success or failure depends upon your timeline. In the short run it works wonders, raising GPD and lowering unemployment and increaseing spending etc etc etc.
But Eugene, you never addressed my question in the greeenspan vs Krugman thread. How can the stimulus be pulled back without putting us into another recession? If it was a simple recession, I can understand it, but this isnt a standard recession, this is a debt crisis. How do you get out of a debt crisis by creating more debt?
Perhaps Greece isnt the right model for us, but Japan seems not too far off. They have never recovered from their massive bubbles, and they have followed stimulus measures to 200% of GPD, and have the advantage of being a export nation.I really would like to hear the long term argument of how you get out of keynesian stimulus without going back into recessions.
DWCAP
ParticipantI have to agree with rich, in that keynesian economics success or failure depends upon your timeline. In the short run it works wonders, raising GPD and lowering unemployment and increaseing spending etc etc etc.
But Eugene, you never addressed my question in the greeenspan vs Krugman thread. How can the stimulus be pulled back without putting us into another recession? If it was a simple recession, I can understand it, but this isnt a standard recession, this is a debt crisis. How do you get out of a debt crisis by creating more debt?
Perhaps Greece isnt the right model for us, but Japan seems not too far off. They have never recovered from their massive bubbles, and they have followed stimulus measures to 200% of GPD, and have the advantage of being a export nation.I really would like to hear the long term argument of how you get out of keynesian stimulus without going back into recessions.
DWCAP
ParticipantI have to agree with rich, in that keynesian economics success or failure depends upon your timeline. In the short run it works wonders, raising GPD and lowering unemployment and increaseing spending etc etc etc.
But Eugene, you never addressed my question in the greeenspan vs Krugman thread. How can the stimulus be pulled back without putting us into another recession? If it was a simple recession, I can understand it, but this isnt a standard recession, this is a debt crisis. How do you get out of a debt crisis by creating more debt?
Perhaps Greece isnt the right model for us, but Japan seems not too far off. They have never recovered from their massive bubbles, and they have followed stimulus measures to 200% of GPD, and have the advantage of being a export nation.I really would like to hear the long term argument of how you get out of keynesian stimulus without going back into recessions.
DWCAP
ParticipantI think the real problem is the lack of the sellers ability to negotiate. People see $35 in the store and it is $35 to leave with it. So they think the same way. But the thing is, I can always go to a differnet store and see if it isnt $30 there, and often it is.
As said earlier, value is only what someone else will pay for it, and not what you want it to be.
DWCAP
ParticipantI think the real problem is the lack of the sellers ability to negotiate. People see $35 in the store and it is $35 to leave with it. So they think the same way. But the thing is, I can always go to a differnet store and see if it isnt $30 there, and often it is.
As said earlier, value is only what someone else will pay for it, and not what you want it to be.
DWCAP
ParticipantI think the real problem is the lack of the sellers ability to negotiate. People see $35 in the store and it is $35 to leave with it. So they think the same way. But the thing is, I can always go to a differnet store and see if it isnt $30 there, and often it is.
As said earlier, value is only what someone else will pay for it, and not what you want it to be.
DWCAP
ParticipantI think the real problem is the lack of the sellers ability to negotiate. People see $35 in the store and it is $35 to leave with it. So they think the same way. But the thing is, I can always go to a differnet store and see if it isnt $30 there, and often it is.
As said earlier, value is only what someone else will pay for it, and not what you want it to be.
DWCAP
ParticipantI think the real problem is the lack of the sellers ability to negotiate. People see $35 in the store and it is $35 to leave with it. So they think the same way. But the thing is, I can always go to a differnet store and see if it isnt $30 there, and often it is.
As said earlier, value is only what someone else will pay for it, and not what you want it to be.
DWCAP
ParticipantThat one had fallen out of escrow earlier if I remember right, and they were pretty desperate to just get it outa here. 291k is cheaper than I expected. I kinda wonder if it wont be on the rental block in a week or two.
DWCAP
ParticipantThat one had fallen out of escrow earlier if I remember right, and they were pretty desperate to just get it outa here. 291k is cheaper than I expected. I kinda wonder if it wont be on the rental block in a week or two.
DWCAP
ParticipantThat one had fallen out of escrow earlier if I remember right, and they were pretty desperate to just get it outa here. 291k is cheaper than I expected. I kinda wonder if it wont be on the rental block in a week or two.
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