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patientrenter
ParticipantFor all the commenters who think a real recession leads to a complete breakdown in society, I have a suggestion: Become better acquainted with history. This country has lived through many recessions much worse than this one is shaping up to be. And there were complaints, elections lost, new laws, lost and new careers and fortunes….. Life went on. Life will go on.
If you love living in California, then stay there. Take advantage of the opportunity to move to a nicer area. Coins, and events, always have two sides.
ParticipantFor all the commenters who think a real recession leads to a complete breakdown in society, I have a suggestion: Become better acquainted with history. This country has lived through many recessions much worse than this one is shaping up to be. And there were complaints, elections lost, new laws, lost and new careers and fortunes….. Life went on. Life will go on.
If you love living in California, then stay there. Take advantage of the opportunity to move to a nicer area. Coins, and events, always have two sides.
ParticipantFor all the commenters who think a real recession leads to a complete breakdown in society, I have a suggestion: Become better acquainted with history. This country has lived through many recessions much worse than this one is shaping up to be. And there were complaints, elections lost, new laws, lost and new careers and fortunes….. Life went on. Life will go on.
If you love living in California, then stay there. Take advantage of the opportunity to move to a nicer area. Coins, and events, always have two sides.
Participantgdub,
You can throw money into well-known diversified investments. If you want to be more adventurous, and feel like you know what you’re doing, then try to understand the real underlying economics behind what you hear every day on the TV. Buy a book or two on basic economics (Econ for Dummies….), and try to decipher how various things you hear about get factored into the GDP number.
My favorite is how making it very difficult for people to do worthwhile things can actually make the GDP measure of economic welfare bigger. Imagine someone making good soup every day, selling it for $2 a bowl. Then imagine paying an attorney to entice customers to sue the chef. The chef charges more for the soup, and the wages of the attorney are also counted in GDP. We have the same soup as before, but the GDP is a lot higher. A lot of our economics is like that, but most people don’t realize it, and most economists lose sight of it.
Anyway, after 5-10 years of learning, you should begin to be able to make your own investment choices.
Participantgdub,
You can throw money into well-known diversified investments. If you want to be more adventurous, and feel like you know what you’re doing, then try to understand the real underlying economics behind what you hear every day on the TV. Buy a book or two on basic economics (Econ for Dummies….), and try to decipher how various things you hear about get factored into the GDP number.
My favorite is how making it very difficult for people to do worthwhile things can actually make the GDP measure of economic welfare bigger. Imagine someone making good soup every day, selling it for $2 a bowl. Then imagine paying an attorney to entice customers to sue the chef. The chef charges more for the soup, and the wages of the attorney are also counted in GDP. We have the same soup as before, but the GDP is a lot higher. A lot of our economics is like that, but most people don’t realize it, and most economists lose sight of it.
Anyway, after 5-10 years of learning, you should begin to be able to make your own investment choices.
Participantgdub,
You can throw money into well-known diversified investments. If you want to be more adventurous, and feel like you know what you’re doing, then try to understand the real underlying economics behind what you hear every day on the TV. Buy a book or two on basic economics (Econ for Dummies….), and try to decipher how various things you hear about get factored into the GDP number.
My favorite is how making it very difficult for people to do worthwhile things can actually make the GDP measure of economic welfare bigger. Imagine someone making good soup every day, selling it for $2 a bowl. Then imagine paying an attorney to entice customers to sue the chef. The chef charges more for the soup, and the wages of the attorney are also counted in GDP. We have the same soup as before, but the GDP is a lot higher. A lot of our economics is like that, but most people don’t realize it, and most economists lose sight of it.
Anyway, after 5-10 years of learning, you should begin to be able to make your own investment choices.
Participantgdub,
You can throw money into well-known diversified investments. If you want to be more adventurous, and feel like you know what you’re doing, then try to understand the real underlying economics behind what you hear every day on the TV. Buy a book or two on basic economics (Econ for Dummies….), and try to decipher how various things you hear about get factored into the GDP number.
My favorite is how making it very difficult for people to do worthwhile things can actually make the GDP measure of economic welfare bigger. Imagine someone making good soup every day, selling it for $2 a bowl. Then imagine paying an attorney to entice customers to sue the chef. The chef charges more for the soup, and the wages of the attorney are also counted in GDP. We have the same soup as before, but the GDP is a lot higher. A lot of our economics is like that, but most people don’t realize it, and most economists lose sight of it.
Anyway, after 5-10 years of learning, you should begin to be able to make your own investment choices.
Participantgdub,
You can throw money into well-known diversified investments. If you want to be more adventurous, and feel like you know what you’re doing, then try to understand the real underlying economics behind what you hear every day on the TV. Buy a book or two on basic economics (Econ for Dummies….), and try to decipher how various things you hear about get factored into the GDP number.
My favorite is how making it very difficult for people to do worthwhile things can actually make the GDP measure of economic welfare bigger. Imagine someone making good soup every day, selling it for $2 a bowl. Then imagine paying an attorney to entice customers to sue the chef. The chef charges more for the soup, and the wages of the attorney are also counted in GDP. We have the same soup as before, but the GDP is a lot higher. A lot of our economics is like that, but most people don’t realize it, and most economists lose sight of it.
Anyway, after 5-10 years of learning, you should begin to be able to make your own investment choices.
Participant[quote=peterb]The only guy at this level of govt with enough balls to say what they all know. I guess that’s one of the good things about getting elderly.[/quote]
Sometimes I think he’s the only guy even close to power who actually knows what’s really happening, and what needs doing. Maybe a few others know too, but they are too selfish or too cowardly to say it.
Participant[quote=peterb]The only guy at this level of govt with enough balls to say what they all know. I guess that’s one of the good things about getting elderly.[/quote]
Sometimes I think he’s the only guy even close to power who actually knows what’s really happening, and what needs doing. Maybe a few others know too, but they are too selfish or too cowardly to say it.
Participant[quote=peterb]The only guy at this level of govt with enough balls to say what they all know. I guess that’s one of the good things about getting elderly.[/quote]
Sometimes I think he’s the only guy even close to power who actually knows what’s really happening, and what needs doing. Maybe a few others know too, but they are too selfish or too cowardly to say it.
Participant[quote=peterb]The only guy at this level of govt with enough balls to say what they all know. I guess that’s one of the good things about getting elderly.[/quote]
Sometimes I think he’s the only guy even close to power who actually knows what’s really happening, and what needs doing. Maybe a few others know too, but they are too selfish or too cowardly to say it.
Participant[quote=peterb]The only guy at this level of govt with enough balls to say what they all know. I guess that’s one of the good things about getting elderly.[/quote]
Sometimes I think he’s the only guy even close to power who actually knows what’s really happening, and what needs doing. Maybe a few others know too, but they are too selfish or too cowardly to say it.
Participant[quote=paramount]Like RL said today, there are 2 groups of people in all of this:
1. Those who largely committed fraud buying a house they could not afford, and
2. The victims of this fraud – primarily those who are severely upside down among others.
[/quote]
So, if you are a homebuyer who did not commit fraud when buying your home, you are a victim?
Aren’t you forgetting all the people who wanted a nice place to live, but didn’t have enough money of their own to pay for it, and wanted to get some free spending money from future home price appreciation?
Are you saying that those people – who wanted a free lunch paid for with other people’s money – are victims because they didn’t get the free lunch? And they deserve some free lunch now to limit their disappointment and help meet their original expectations?
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