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NotCranky
ParticipantIsn’t part of the problem with IT that people without degrees can perform many high level positions? I have a friend who works right below the V.P. of that dept. for a fairly large company. He does not have a degree and has said that half of the people below him also do not, but that most of them could do his job. I am not nay saying anything anyone has posted, just reflecting some observations. There have always been dead end jobs and “glass ceilings”. He said consultants can make way more but they have to travel extensively. That was a few years back.
ParticipantIsn’t part of the problem with IT that people without degrees can perform many high level positions? I have a friend who works right below the V.P. of that dept. for a fairly large company. He does not have a degree and has said that half of the people below him also do not, but that most of them could do his job. I am not nay saying anything anyone has posted, just reflecting some observations. There have always been dead end jobs and “glass ceilings”. He said consultants can make way more but they have to travel extensively. That was a few years back.
Participant“Inflation makes debt less expensive.”
and less profitable to creditors, especially those that lent at historically low rates for long terms and are seeing some of that risk blow up,in part because of an ovedue credit crunch… sounds like a story about being stuck between a rock and a hard place. If you inflate to rescue your debt instruments you kill the value of them if you don’t inflate or lower rates it blows up.
No wonder they set up bag holders and are looking for bailouts.Participant“Inflation makes debt less expensive.”
and less profitable to creditors, especially those that lent at historically low rates for long terms and are seeing some of that risk blow up,in part because of an ovedue credit crunch… sounds like a story about being stuck between a rock and a hard place. If you inflate to rescue your debt instruments you kill the value of them if you don’t inflate or lower rates it blows up.
No wonder they set up bag holders and are looking for bailouts.Participant“Inflation makes debt less expensive.”
and less profitable to creditors, especially those that lent at historically low rates for long terms and are seeing some of that risk blow up,in part because of an ovedue credit crunch… sounds like a story about being stuck between a rock and a hard place. If you inflate to rescue your debt instruments you kill the value of them if you don’t inflate or lower rates it blows up.
No wonder they set up bag holders and are looking for bailouts.Participant“Inflation makes debt less expensive.”
and less profitable to creditors, especially those that lent at historically low rates for long terms and are seeing some of that risk blow up,in part because of an ovedue credit crunch… sounds like a story about being stuck between a rock and a hard place. If you inflate to rescue your debt instruments you kill the value of them if you don’t inflate or lower rates it blows up.
No wonder they set up bag holders and are looking for bailouts.Participant“Inflation makes debt less expensive.”
and less profitable to creditors, especially those that lent at historically low rates for long terms and are seeing some of that risk blow up,in part because of an ovedue credit crunch… sounds like a story about being stuck between a rock and a hard place. If you inflate to rescue your debt instruments you kill the value of them if you don’t inflate or lower rates it blows up.
No wonder they set up bag holders and are looking for bailouts.ParticipantJeeman,
I am not taking a partisan view on this just yet, despite the fact that one could say “look who’s watch it happened on”. Even then, I don’t think, is very circumspect. My gut feeling is that the bean counters behind the big institutions were allowed to orchestrate this and both parties the Fed and multiple gov. agencies cooperated.National builders obviously caught on fast to the boom or were “in the know”. Maybe it went places they didn’t intend?They probably knew at least some of the fallout would come.I don’t doubt tax payers will be hurt by all of this.Maybe we will have a depression style spiral to our economy.After so many decades and calamities w/o a remake of the 30’s and discussions here on the board and with friends and family, I will have to see it to believe it. You can bet my eyes are open. My comments were just about how the price tag on houses MIGHT be eventually be affected by the bailouts, worth 2 cents adjusted for inflation since that phrase was coined.
ParticipantJeeman,
I am not taking a partisan view on this just yet, despite the fact that one could say “look who’s watch it happened on”. Even then, I don’t think, is very circumspect. My gut feeling is that the bean counters behind the big institutions were allowed to orchestrate this and both parties the Fed and multiple gov. agencies cooperated.National builders obviously caught on fast to the boom or were “in the know”. Maybe it went places they didn’t intend?They probably knew at least some of the fallout would come.I don’t doubt tax payers will be hurt by all of this.Maybe we will have a depression style spiral to our economy.After so many decades and calamities w/o a remake of the 30’s and discussions here on the board and with friends and family, I will have to see it to believe it. You can bet my eyes are open. My comments were just about how the price tag on houses MIGHT be eventually be affected by the bailouts, worth 2 cents adjusted for inflation since that phrase was coined.
ParticipantJeeman,
I am not taking a partisan view on this just yet, despite the fact that one could say “look who’s watch it happened on”. Even then, I don’t think, is very circumspect. My gut feeling is that the bean counters behind the big institutions were allowed to orchestrate this and both parties the Fed and multiple gov. agencies cooperated.National builders obviously caught on fast to the boom or were “in the know”. Maybe it went places they didn’t intend?They probably knew at least some of the fallout would come.I don’t doubt tax payers will be hurt by all of this.Maybe we will have a depression style spiral to our economy.After so many decades and calamities w/o a remake of the 30’s and discussions here on the board and with friends and family, I will have to see it to believe it. You can bet my eyes are open. My comments were just about how the price tag on houses MIGHT be eventually be affected by the bailouts, worth 2 cents adjusted for inflation since that phrase was coined.
ParticipantJeeman,
I am not taking a partisan view on this just yet, despite the fact that one could say “look who’s watch it happened on”. Even then, I don’t think, is very circumspect. My gut feeling is that the bean counters behind the big institutions were allowed to orchestrate this and both parties the Fed and multiple gov. agencies cooperated.National builders obviously caught on fast to the boom or were “in the know”. Maybe it went places they didn’t intend?They probably knew at least some of the fallout would come.I don’t doubt tax payers will be hurt by all of this.Maybe we will have a depression style spiral to our economy.After so many decades and calamities w/o a remake of the 30’s and discussions here on the board and with friends and family, I will have to see it to believe it. You can bet my eyes are open. My comments were just about how the price tag on houses MIGHT be eventually be affected by the bailouts, worth 2 cents adjusted for inflation since that phrase was coined.
ParticipantJeeman,
I am not taking a partisan view on this just yet, despite the fact that one could say “look who’s watch it happened on”. Even then, I don’t think, is very circumspect. My gut feeling is that the bean counters behind the big institutions were allowed to orchestrate this and both parties the Fed and multiple gov. agencies cooperated.National builders obviously caught on fast to the boom or were “in the know”. Maybe it went places they didn’t intend?They probably knew at least some of the fallout would come.I don’t doubt tax payers will be hurt by all of this.Maybe we will have a depression style spiral to our economy.After so many decades and calamities w/o a remake of the 30’s and discussions here on the board and with friends and family, I will have to see it to believe it. You can bet my eyes are open. My comments were just about how the price tag on houses MIGHT be eventually be affected by the bailouts, worth 2 cents adjusted for inflation since that phrase was coined.
ParticipantI still don’t see how any of this will stop the depreciation of homes. The fundamental fact is that wages aren’t rising and the average person can’t afford the average house and there won’t be a return to easy lending and interest only loans.
Radelow, posts in the last couple of days, on various threads seemed to bring the consensus to the point where it is agreed house hold incomes have risen? Of course there are exceptions for RE related and will be for not so recession proof positions.
I look at loan modification, moratoriums, credit infusions and rate manipulation to the downside as potential delay tactics and damage control. I would think they should have some effect. There are so many unsalvagable properties out there that the correction will be fast despite any efforts to the contrary but the floor will be brought up to the extent any salvage can be successful. Just food for thought.
ParticipantI still don’t see how any of this will stop the depreciation of homes. The fundamental fact is that wages aren’t rising and the average person can’t afford the average house and there won’t be a return to easy lending and interest only loans.
Radelow, posts in the last couple of days, on various threads seemed to bring the consensus to the point where it is agreed house hold incomes have risen? Of course there are exceptions for RE related and will be for not so recession proof positions.
I look at loan modification, moratoriums, credit infusions and rate manipulation to the downside as potential delay tactics and damage control. I would think they should have some effect. There are so many unsalvagable properties out there that the correction will be fast despite any efforts to the contrary but the floor will be brought up to the extent any salvage can be successful. Just food for thought.
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