[GH]

This sounds like a great deal for the (renter / owner) who will get affordable payments for 5 years at the end of which they will either be back or give up and be back in the same position again.

The big question – will they even be able to afford this once the current administration is done finishing up the work of the last?

[GH]

The “You Lie” interruption is technically false, and certainly did not serve any positive purpose. That said, will the 12??? million illegals still be “illegal” in the future when the plan comes to fruition? That is part of the sister plan – “immigration reform”. So from that perspective, while he was not lying he was using carefully chosen words and in effect lying by omission.

As for the bailouts, our banking friends are already setting up the next big crash and I am not sure we so much as opposed the bailouts, but the fact that those individuals responsible for the crash were not removed first. Instead they are all up to their old games and in a year or two we will be back in the same quandry – too big to fail!

[GH]

The “You Lie” interruption is technically false, and certainly did not serve any positive purpose. That said, will the 12??? million illegals still be “illegal” in the future when the plan comes to fruition? That is part of the sister plan – “immigration reform”. So from that perspective, while he was not lying he was using carefully chosen words and in effect lying by omission.

As for the bailouts, our banking friends are already setting up the next big crash and I am not sure we so much as opposed the bailouts, but the fact that those individuals responsible for the crash were not removed first. Instead they are all up to their old games and in a year or two we will be back in the same quandry – too big to fail!

[GH]

The “You Lie” interruption is technically false, and certainly did not serve any positive purpose. That said, will the 12??? million illegals still be “illegal” in the future when the plan comes to fruition? That is part of the sister plan – “immigration reform”. So from that perspective, while he was not lying he was using carefully chosen words and in effect lying by omission.

As for the bailouts, our banking friends are already setting up the next big crash and I am not sure we so much as opposed the bailouts, but the fact that those individuals responsible for the crash were not removed first. Instead they are all up to their old games and in a year or two we will be back in the same quandry – too big to fail!

[GH]

The “You Lie” interruption is technically false, and certainly did not serve any positive purpose. That said, will the 12??? million illegals still be “illegal” in the future when the plan comes to fruition? That is part of the sister plan – “immigration reform”. So from that perspective, while he was not lying he was using carefully chosen words and in effect lying by omission.

As for the bailouts, our banking friends are already setting up the next big crash and I am not sure we so much as opposed the bailouts, but the fact that those individuals responsible for the crash were not removed first. Instead they are all up to their old games and in a year or two we will be back in the same quandry – too big to fail!

[GH]

The “You Lie” interruption is technically false, and certainly did not serve any positive purpose. That said, will the 12??? million illegals still be “illegal” in the future when the plan comes to fruition? That is part of the sister plan – “immigration reform”. So from that perspective, while he was not lying he was using carefully chosen words and in effect lying by omission.

As for the bailouts, our banking friends are already setting up the next big crash and I am not sure we so much as opposed the bailouts, but the fact that those individuals responsible for the crash were not removed first. Instead they are all up to their old games and in a year or two we will be back in the same quandry – too big to fail!

[GH]

I am tempted to follow the logic of others who think 2015 or so for the bottom of the market, but we still have a few large (bigger than previous) shocks to hit the financial system. These include massive commercial losses, massive consumer debt defaults and massive municipal defaults. This is the power of deflation, and certainly the current policy is to allow the loans to fail and then mop up the mess.

By the time we get to 2015 (if) we still have a viable economy, prices should be very low indeed. However, the big wild card, is how far down the financial collapse our government is willing or able to allow us to fall.

It is possible that “cash for X” and other programs will become much larger and we may even see works programs, in which case, perhaps we do not see massive defaults in the credit markets, but rather very high inflation and in inflated dollars asset inflation.

So while I am inclined to sit on the fence and wait for financial Armageddon, it is just possible intervention will work and house prices really have seen their lowest point?

[GH]

I am tempted to follow the logic of others who think 2015 or so for the bottom of the market, but we still have a few large (bigger than previous) shocks to hit the financial system. These include massive commercial losses, massive consumer debt defaults and massive municipal defaults. This is the power of deflation, and certainly the current policy is to allow the loans to fail and then mop up the mess.

By the time we get to 2015 (if) we still have a viable economy, prices should be very low indeed. However, the big wild card, is how far down the financial collapse our government is willing or able to allow us to fall.

It is possible that “cash for X” and other programs will become much larger and we may even see works programs, in which case, perhaps we do not see massive defaults in the credit markets, but rather very high inflation and in inflated dollars asset inflation.

So while I am inclined to sit on the fence and wait for financial Armageddon, it is just possible intervention will work and house prices really have seen their lowest point?

[GH]

I am tempted to follow the logic of others who think 2015 or so for the bottom of the market, but we still have a few large (bigger than previous) shocks to hit the financial system. These include massive commercial losses, massive consumer debt defaults and massive municipal defaults. This is the power of deflation, and certainly the current policy is to allow the loans to fail and then mop up the mess.

By the time we get to 2015 (if) we still have a viable economy, prices should be very low indeed. However, the big wild card, is how far down the financial collapse our government is willing or able to allow us to fall.

It is possible that “cash for X” and other programs will become much larger and we may even see works programs, in which case, perhaps we do not see massive defaults in the credit markets, but rather very high inflation and in inflated dollars asset inflation.

So while I am inclined to sit on the fence and wait for financial Armageddon, it is just possible intervention will work and house prices really have seen their lowest point?

[GH]

I am tempted to follow the logic of others who think 2015 or so for the bottom of the market, but we still have a few large (bigger than previous) shocks to hit the financial system. These include massive commercial losses, massive consumer debt defaults and massive municipal defaults. This is the power of deflation, and certainly the current policy is to allow the loans to fail and then mop up the mess.

By the time we get to 2015 (if) we still have a viable economy, prices should be very low indeed. However, the big wild card, is how far down the financial collapse our government is willing or able to allow us to fall.

It is possible that “cash for X” and other programs will become much larger and we may even see works programs, in which case, perhaps we do not see massive defaults in the credit markets, but rather very high inflation and in inflated dollars asset inflation.

So while I am inclined to sit on the fence and wait for financial Armageddon, it is just possible intervention will work and house prices really have seen their lowest point?

[GH]

I am tempted to follow the logic of others who think 2015 or so for the bottom of the market, but we still have a few large (bigger than previous) shocks to hit the financial system. These include massive commercial losses, massive consumer debt defaults and massive municipal defaults. This is the power of deflation, and certainly the current policy is to allow the loans to fail and then mop up the mess.

By the time we get to 2015 (if) we still have a viable economy, prices should be very low indeed. However, the big wild card, is how far down the financial collapse our government is willing or able to allow us to fall.

It is possible that “cash for X” and other programs will become much larger and we may even see works programs, in which case, perhaps we do not see massive defaults in the credit markets, but rather very high inflation and in inflated dollars asset inflation.

So while I am inclined to sit on the fence and wait for financial Armageddon, it is just possible intervention will work and house prices really have seen their lowest point?

[GH]

One thing is for sure – warranted or not, old style pensions are not sustainable in todays economy. ALL retirement accounts should be safe, FUNDED and most importantly carry an actual “account balance”.

As tax payers we are on the hook for promises made in good times by individuals with little or no accountability. Now our municipalities and states all face bankruptcy.

The fact regardless of how one views the matter, is that unless things turn around in a huge way economically for ALL of us, there is not currently enough money in the universe to make these obligations in the long term, leaving our infrastructure in ruins and our government unable to govern.

[GH]

One thing is for sure – warranted or not, old style pensions are not sustainable in todays economy. ALL retirement accounts should be safe, FUNDED and most importantly carry an actual “account balance”.

As tax payers we are on the hook for promises made in good times by individuals with little or no accountability. Now our municipalities and states all face bankruptcy.

The fact regardless of how one views the matter, is that unless things turn around in a huge way economically for ALL of us, there is not currently enough money in the universe to make these obligations in the long term, leaving our infrastructure in ruins and our government unable to govern.

[GH]

One thing is for sure – warranted or not, old style pensions are not sustainable in todays economy. ALL retirement accounts should be safe, FUNDED and most importantly carry an actual “account balance”.

As tax payers we are on the hook for promises made in good times by individuals with little or no accountability. Now our municipalities and states all face bankruptcy.

The fact regardless of how one views the matter, is that unless things turn around in a huge way economically for ALL of us, there is not currently enough money in the universe to make these obligations in the long term, leaving our infrastructure in ruins and our government unable to govern.

[GH]

One thing is for sure – warranted or not, old style pensions are not sustainable in todays economy. ALL retirement accounts should be safe, FUNDED and most importantly carry an actual “account balance”.

As tax payers we are on the hook for promises made in good times by individuals with little or no accountability. Now our municipalities and states all face bankruptcy.

The fact regardless of how one views the matter, is that unless things turn around in a huge way economically for ALL of us, there is not currently enough money in the universe to make these obligations in the long term, leaving our infrastructure in ruins and our government unable to govern.

[Author]

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