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November 12, 2009 at 8:04 AM in reply to: Does anyone else become depressed from reading Mish’s Blog or any other decent economy blog? #481374November 12, 2009 at 8:04 AM in reply to: Does anyone else become depressed from reading Mish’s Blog or any other decent economy blog? #481739
peterb
ParticipantOne must be pragmatic in the real world. Planet Earth, no one gets out alive. Live your life accordingly. Deression is for people who want their mommy every time they dont get everything they ever wanted. Focusing on what you dont have, will not make it better.
November 12, 2009 at 8:04 AM in reply to: Does anyone else become depressed from reading Mish’s Blog or any other decent economy blog? #481819peterb
ParticipantOne must be pragmatic in the real world. Planet Earth, no one gets out alive. Live your life accordingly. Deression is for people who want their mommy every time they dont get everything they ever wanted. Focusing on what you dont have, will not make it better.
November 12, 2009 at 8:04 AM in reply to: Does anyone else become depressed from reading Mish’s Blog or any other decent economy blog? #482041peterb
ParticipantOne must be pragmatic in the real world. Planet Earth, no one gets out alive. Live your life accordingly. Deression is for people who want their mommy every time they dont get everything they ever wanted. Focusing on what you dont have, will not make it better.
peterb
ParticipantOnly the shadow knows. But the facts are that well over 10% of all existing mortgages are in some form of non-payment and the official level of unemployment is at 12.2%. This is a strong indicator that these loans will not be cured. But as someone mentioned a while back, the other shadow is all the people that are paying their mortgage but wish they werent. Their under house-arrest as they’d like to sell, but they’re upside- down in their loan. The losses have been so devistating that I think residential real estate will take quite a while to get out from under all this downward pressure
peterb
ParticipantOnly the shadow knows. But the facts are that well over 10% of all existing mortgages are in some form of non-payment and the official level of unemployment is at 12.2%. This is a strong indicator that these loans will not be cured. But as someone mentioned a while back, the other shadow is all the people that are paying their mortgage but wish they werent. Their under house-arrest as they’d like to sell, but they’re upside- down in their loan. The losses have been so devistating that I think residential real estate will take quite a while to get out from under all this downward pressure
peterb
ParticipantOnly the shadow knows. But the facts are that well over 10% of all existing mortgages are in some form of non-payment and the official level of unemployment is at 12.2%. This is a strong indicator that these loans will not be cured. But as someone mentioned a while back, the other shadow is all the people that are paying their mortgage but wish they werent. Their under house-arrest as they’d like to sell, but they’re upside- down in their loan. The losses have been so devistating that I think residential real estate will take quite a while to get out from under all this downward pressure
peterb
ParticipantOnly the shadow knows. But the facts are that well over 10% of all existing mortgages are in some form of non-payment and the official level of unemployment is at 12.2%. This is a strong indicator that these loans will not be cured. But as someone mentioned a while back, the other shadow is all the people that are paying their mortgage but wish they werent. Their under house-arrest as they’d like to sell, but they’re upside- down in their loan. The losses have been so devistating that I think residential real estate will take quite a while to get out from under all this downward pressure
peterb
ParticipantOnly the shadow knows. But the facts are that well over 10% of all existing mortgages are in some form of non-payment and the official level of unemployment is at 12.2%. This is a strong indicator that these loans will not be cured. But as someone mentioned a while back, the other shadow is all the people that are paying their mortgage but wish they werent. Their under house-arrest as they’d like to sell, but they’re upside- down in their loan. The losses have been so devistating that I think residential real estate will take quite a while to get out from under all this downward pressure
October 15, 2009 at 3:57 PM in reply to: Mortgage/Housing Industry Insiders See another Leg Down #469604peterb
ParticipantI would say that the real estate market is pretty much bull right now.
October 15, 2009 at 3:57 PM in reply to: Mortgage/Housing Industry Insiders See another Leg Down #469782peterb
ParticipantI would say that the real estate market is pretty much bull right now.
October 15, 2009 at 3:57 PM in reply to: Mortgage/Housing Industry Insiders See another Leg Down #470137peterb
ParticipantI would say that the real estate market is pretty much bull right now.
October 15, 2009 at 3:57 PM in reply to: Mortgage/Housing Industry Insiders See another Leg Down #470211peterb
ParticipantI would say that the real estate market is pretty much bull right now.
October 15, 2009 at 3:57 PM in reply to: Mortgage/Housing Industry Insiders See another Leg Down #470422peterb
ParticipantI would say that the real estate market is pretty much bull right now.
peterb
ParticipantBut wait! He was awarded a Nobel prize in economics! Say it aint so. While everyone is eye-balling Big O’s Nobel prize they should take a look at Krugmans while their at it. Or most of them for that matter. Mostly political mastrubation.
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