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patientrenter
Participant[quote=jpinpb]PR – stop talking nonsense ;)[/quote]
Sigh, you are so right. I feel that I’ve woken up in a world that looks and feels very familiar, but is the negative or mirror image of the world I came from. If you have kids, don’t let grow up too naive!
Participant[quote=jpinpb]PR – stop talking nonsense ;)[/quote]
Sigh, you are so right. I feel that I’ve woken up in a world that looks and feels very familiar, but is the negative or mirror image of the world I came from. If you have kids, don’t let grow up too naive!
Participant[quote=jpinpb]PR – stop talking nonsense ;)[/quote]
Sigh, you are so right. I feel that I’ve woken up in a world that looks and feels very familiar, but is the negative or mirror image of the world I came from. If you have kids, don’t let grow up too naive!
ParticipantHmmm… I don’t think our leaders want inflation forces and deflation forces to cancel out over the next 5-10 years. They are looking for inflation. Inflation and its results form the package that most voters prefer, along with a lot of very powerful groups. [country as a whole is a net borrower… more people owe than are owed… most personal debt is visible, most personal ownership of debt is indirect, through pension funds etc…]
But people complain about everything, even their first choice, so pols will take great care to avoid taking blame for what they are doing – engineering higher inflation. It will be an “unforeseen, unplanned, unwanted” outcome, which will be overcome in slow ineffective steps until one leader takes responsibility for killing it, a la Volcker, because the public is finally really sick of it.
ParticipantHmmm… I don’t think our leaders want inflation forces and deflation forces to cancel out over the next 5-10 years. They are looking for inflation. Inflation and its results form the package that most voters prefer, along with a lot of very powerful groups. [country as a whole is a net borrower… more people owe than are owed… most personal debt is visible, most personal ownership of debt is indirect, through pension funds etc…]
But people complain about everything, even their first choice, so pols will take great care to avoid taking blame for what they are doing – engineering higher inflation. It will be an “unforeseen, unplanned, unwanted” outcome, which will be overcome in slow ineffective steps until one leader takes responsibility for killing it, a la Volcker, because the public is finally really sick of it.
ParticipantHmmm… I don’t think our leaders want inflation forces and deflation forces to cancel out over the next 5-10 years. They are looking for inflation. Inflation and its results form the package that most voters prefer, along with a lot of very powerful groups. [country as a whole is a net borrower… more people owe than are owed… most personal debt is visible, most personal ownership of debt is indirect, through pension funds etc…]
But people complain about everything, even their first choice, so pols will take great care to avoid taking blame for what they are doing – engineering higher inflation. It will be an “unforeseen, unplanned, unwanted” outcome, which will be overcome in slow ineffective steps until one leader takes responsibility for killing it, a la Volcker, because the public is finally really sick of it.
ParticipantHmmm… I don’t think our leaders want inflation forces and deflation forces to cancel out over the next 5-10 years. They are looking for inflation. Inflation and its results form the package that most voters prefer, along with a lot of very powerful groups. [country as a whole is a net borrower… more people owe than are owed… most personal debt is visible, most personal ownership of debt is indirect, through pension funds etc…]
But people complain about everything, even their first choice, so pols will take great care to avoid taking blame for what they are doing – engineering higher inflation. It will be an “unforeseen, unplanned, unwanted” outcome, which will be overcome in slow ineffective steps until one leader takes responsibility for killing it, a la Volcker, because the public is finally really sick of it.
ParticipantHmmm… I don’t think our leaders want inflation forces and deflation forces to cancel out over the next 5-10 years. They are looking for inflation. Inflation and its results form the package that most voters prefer, along with a lot of very powerful groups. [country as a whole is a net borrower… more people owe than are owed… most personal debt is visible, most personal ownership of debt is indirect, through pension funds etc…]
But people complain about everything, even their first choice, so pols will take great care to avoid taking blame for what they are doing – engineering higher inflation. It will be an “unforeseen, unplanned, unwanted” outcome, which will be overcome in slow ineffective steps until one leader takes responsibility for killing it, a la Volcker, because the public is finally really sick of it.
ParticipantThis is the kind of thing that would make me apoplectic, if it were not for the fact that I am jaded by the constant and shameless govt raiding of my pocket to pay for other people’s subsidies.
If you had to pick out one single factor in mortgage lending that makes the difference between loans that are repaid and loans that are not, it would be the amount of real money of their own the buyer uses to pay for the house. Yet, in the middle of the biggest meltdown in the mortgage market, after the biggest housing bubble in recorded history, our govt – Congress, Administration, and Fed – is still encouraging, even arranging, loans with hardly any money down, and sometimes none.
If we passed a law requiring that all home purchases must be made with at least 20% provided by the buyer, from their own funds, no games, then our housing market would be 90% cured.
ParticipantThis is the kind of thing that would make me apoplectic, if it were not for the fact that I am jaded by the constant and shameless govt raiding of my pocket to pay for other people’s subsidies.
If you had to pick out one single factor in mortgage lending that makes the difference between loans that are repaid and loans that are not, it would be the amount of real money of their own the buyer uses to pay for the house. Yet, in the middle of the biggest meltdown in the mortgage market, after the biggest housing bubble in recorded history, our govt – Congress, Administration, and Fed – is still encouraging, even arranging, loans with hardly any money down, and sometimes none.
If we passed a law requiring that all home purchases must be made with at least 20% provided by the buyer, from their own funds, no games, then our housing market would be 90% cured.
ParticipantThis is the kind of thing that would make me apoplectic, if it were not for the fact that I am jaded by the constant and shameless govt raiding of my pocket to pay for other people’s subsidies.
If you had to pick out one single factor in mortgage lending that makes the difference between loans that are repaid and loans that are not, it would be the amount of real money of their own the buyer uses to pay for the house. Yet, in the middle of the biggest meltdown in the mortgage market, after the biggest housing bubble in recorded history, our govt – Congress, Administration, and Fed – is still encouraging, even arranging, loans with hardly any money down, and sometimes none.
If we passed a law requiring that all home purchases must be made with at least 20% provided by the buyer, from their own funds, no games, then our housing market would be 90% cured.
ParticipantThis is the kind of thing that would make me apoplectic, if it were not for the fact that I am jaded by the constant and shameless govt raiding of my pocket to pay for other people’s subsidies.
If you had to pick out one single factor in mortgage lending that makes the difference between loans that are repaid and loans that are not, it would be the amount of real money of their own the buyer uses to pay for the house. Yet, in the middle of the biggest meltdown in the mortgage market, after the biggest housing bubble in recorded history, our govt – Congress, Administration, and Fed – is still encouraging, even arranging, loans with hardly any money down, and sometimes none.
If we passed a law requiring that all home purchases must be made with at least 20% provided by the buyer, from their own funds, no games, then our housing market would be 90% cured.
ParticipantThis is the kind of thing that would make me apoplectic, if it were not for the fact that I am jaded by the constant and shameless govt raiding of my pocket to pay for other people’s subsidies.
If you had to pick out one single factor in mortgage lending that makes the difference between loans that are repaid and loans that are not, it would be the amount of real money of their own the buyer uses to pay for the house. Yet, in the middle of the biggest meltdown in the mortgage market, after the biggest housing bubble in recorded history, our govt – Congress, Administration, and Fed – is still encouraging, even arranging, loans with hardly any money down, and sometimes none.
If we passed a law requiring that all home purchases must be made with at least 20% provided by the buyer, from their own funds, no games, then our housing market would be 90% cured.
Participantscaredycat, I think you show evidence of having been abused at an impressionable age – by the financial markets.
Certainly hard assets can play a useful role in an investment strategy. But it is also true that assets used to provide goods and services for others usually produce income, whereas commodities can only hope to preserve their value.
Would you rather own an apartment building worth $1 mill, or gold bars worth $1 mill? Obviously, if you buy either at peaks, you could get your clock cleaned. But if you buy in a disciplined way, not chasing returns, and spreading your purchases over a variety of assets, then it’s reasonable to expect that investing in some income-producing businesses would help out a portfolio.
If you are rich enough, or frugal enough, then you can just stuff everything in gold and hope for the best. Most of us are not that rich, or abstemious.
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