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(former)FormerSanDiegan
ParticipantWhat was Fannie Mae saying in 2005 ?
What was being published in Money Magazine in 2005 ?
Here’s my favorite:
http://money.cnn.com/2005/05/19/real_estate/re2005_boomtown_0506/index.htmParticipant[quote=CA renter]
This is my understanding of how the credit bubble grew:
1. The passage of the Taxpayer Relief Act of 1997 …
2. The passage of the Gramm–Leach–Bliley Act in 1999 …
3. Greenspan’s lowering of interest rates to historically low levels, then keeping them there for an extended period of time (we’re still there!!!). …
[/quote]
It is interesting to note that ALL of these factors are still in play today, nearly 5 years into the burst of the bubble.
Participant[quote=CA renter]
This is my understanding of how the credit bubble grew:
1. The passage of the Taxpayer Relief Act of 1997 …
2. The passage of the Gramm–Leach–Bliley Act in 1999 …
3. Greenspan’s lowering of interest rates to historically low levels, then keeping them there for an extended period of time (we’re still there!!!). …
[/quote]
It is interesting to note that ALL of these factors are still in play today, nearly 5 years into the burst of the bubble.
Participant[quote=CA renter]
This is my understanding of how the credit bubble grew:
1. The passage of the Taxpayer Relief Act of 1997 …
2. The passage of the Gramm–Leach–Bliley Act in 1999 …
3. Greenspan’s lowering of interest rates to historically low levels, then keeping them there for an extended period of time (we’re still there!!!). …
[/quote]
It is interesting to note that ALL of these factors are still in play today, nearly 5 years into the burst of the bubble.
Participant[quote=CA renter]
This is my understanding of how the credit bubble grew:
1. The passage of the Taxpayer Relief Act of 1997 …
2. The passage of the Gramm–Leach–Bliley Act in 1999 …
3. Greenspan’s lowering of interest rates to historically low levels, then keeping them there for an extended period of time (we’re still there!!!). …
[/quote]
It is interesting to note that ALL of these factors are still in play today, nearly 5 years into the burst of the bubble.
Participant[quote=CA renter]
This is my understanding of how the credit bubble grew:
1. The passage of the Taxpayer Relief Act of 1997 …
2. The passage of the Gramm–Leach–Bliley Act in 1999 …
3. Greenspan’s lowering of interest rates to historically low levels, then keeping them there for an extended period of time (we’re still there!!!). …
[/quote]
It is interesting to note that ALL of these factors are still in play today, nearly 5 years into the burst of the bubble.
ParticipantHuckleberry – The notices cited in the article are for potential future layoffs.
The first paragraph cites a person who has received such a notice 5 of the past 6 years (without being laid off). So, until these people are actually laid off this summer they will not show up as job losses.But, yes it does seem strange that there were local gov’t educaiotn jobs created in the current environment.
ParticipantHuckleberry – The notices cited in the article are for potential future layoffs.
The first paragraph cites a person who has received such a notice 5 of the past 6 years (without being laid off). So, until these people are actually laid off this summer they will not show up as job losses.But, yes it does seem strange that there were local gov’t educaiotn jobs created in the current environment.
ParticipantHuckleberry – The notices cited in the article are for potential future layoffs.
The first paragraph cites a person who has received such a notice 5 of the past 6 years (without being laid off). So, until these people are actually laid off this summer they will not show up as job losses.But, yes it does seem strange that there were local gov’t educaiotn jobs created in the current environment.
ParticipantHuckleberry – The notices cited in the article are for potential future layoffs.
The first paragraph cites a person who has received such a notice 5 of the past 6 years (without being laid off). So, until these people are actually laid off this summer they will not show up as job losses.But, yes it does seem strange that there were local gov’t educaiotn jobs created in the current environment.
ParticipantHuckleberry – The notices cited in the article are for potential future layoffs.
The first paragraph cites a person who has received such a notice 5 of the past 6 years (without being laid off). So, until these people are actually laid off this summer they will not show up as job losses.But, yes it does seem strange that there were local gov’t educaiotn jobs created in the current environment.
ParticipantThe most interesting part of this report to me is that the unemployment rate went up in a period where there were a positive number of net jobs created.
This implies that the number of people in the workforce is increasing. I believe that in ealry stages of recoveries the unemployment RATE actually increases, while new jobs are being created because of people (optimistically ?) returning to the workforce.
Seems like the internals to the unemployment numbers are consistent with economic recovery thus far.
ParticipantThe most interesting part of this report to me is that the unemployment rate went up in a period where there were a positive number of net jobs created.
This implies that the number of people in the workforce is increasing. I believe that in ealry stages of recoveries the unemployment RATE actually increases, while new jobs are being created because of people (optimistically ?) returning to the workforce.
Seems like the internals to the unemployment numbers are consistent with economic recovery thus far.
ParticipantThe most interesting part of this report to me is that the unemployment rate went up in a period where there were a positive number of net jobs created.
This implies that the number of people in the workforce is increasing. I believe that in ealry stages of recoveries the unemployment RATE actually increases, while new jobs are being created because of people (optimistically ?) returning to the workforce.
Seems like the internals to the unemployment numbers are consistent with economic recovery thus far.
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