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September 27, 2009 at 8:35 PM in reply to: Homeowners who ‘strategically default’ on loans a growing problem #461803September 27, 2009 at 8:35 PM in reply to: Homeowners who ‘strategically default’ on loans a growing problem #462146
peterb
ParticipantThis will gain popularity as more people strategically default. These things have a kind of momentum to them. The rationalization will start and then the actual action will grow and become socially acceptable. Then those that dont do it will be labeled as “suckers”. And those that have defaulted will have more disposable income and the ability to invest their money in assets that are appreciating.
September 27, 2009 at 8:35 PM in reply to: Homeowners who ‘strategically default’ on loans a growing problem #462220peterb
ParticipantThis will gain popularity as more people strategically default. These things have a kind of momentum to them. The rationalization will start and then the actual action will grow and become socially acceptable. Then those that dont do it will be labeled as “suckers”. And those that have defaulted will have more disposable income and the ability to invest their money in assets that are appreciating.
September 27, 2009 at 8:35 PM in reply to: Homeowners who ‘strategically default’ on loans a growing problem #462425peterb
ParticipantThis will gain popularity as more people strategically default. These things have a kind of momentum to them. The rationalization will start and then the actual action will grow and become socially acceptable. Then those that dont do it will be labeled as “suckers”. And those that have defaulted will have more disposable income and the ability to invest their money in assets that are appreciating.
peterb
ParticipantCheck out Chris Martinsens vid on the way the US GDP is calculated. It’s very misleading and inaccurate. As is the BLS calculation for unemployment. Might as well throw the CPI in there as well.
The discussion about money should center around wages and credit. These are how people have the ability to purchase things. If there’s downward pressure on wages and a contraction of credit, then you can bet that assets that require wages and credit will be experiencing downward pressure on their prices. In order to satisfy the demand part of the equation, buyers have to have the desire and the “ability” to purchase.peterb
ParticipantCheck out Chris Martinsens vid on the way the US GDP is calculated. It’s very misleading and inaccurate. As is the BLS calculation for unemployment. Might as well throw the CPI in there as well.
The discussion about money should center around wages and credit. These are how people have the ability to purchase things. If there’s downward pressure on wages and a contraction of credit, then you can bet that assets that require wages and credit will be experiencing downward pressure on their prices. In order to satisfy the demand part of the equation, buyers have to have the desire and the “ability” to purchase.peterb
ParticipantCheck out Chris Martinsens vid on the way the US GDP is calculated. It’s very misleading and inaccurate. As is the BLS calculation for unemployment. Might as well throw the CPI in there as well.
The discussion about money should center around wages and credit. These are how people have the ability to purchase things. If there’s downward pressure on wages and a contraction of credit, then you can bet that assets that require wages and credit will be experiencing downward pressure on their prices. In order to satisfy the demand part of the equation, buyers have to have the desire and the “ability” to purchase.peterb
ParticipantCheck out Chris Martinsens vid on the way the US GDP is calculated. It’s very misleading and inaccurate. As is the BLS calculation for unemployment. Might as well throw the CPI in there as well.
The discussion about money should center around wages and credit. These are how people have the ability to purchase things. If there’s downward pressure on wages and a contraction of credit, then you can bet that assets that require wages and credit will be experiencing downward pressure on their prices. In order to satisfy the demand part of the equation, buyers have to have the desire and the “ability” to purchase.peterb
ParticipantCheck out Chris Martinsens vid on the way the US GDP is calculated. It’s very misleading and inaccurate. As is the BLS calculation for unemployment. Might as well throw the CPI in there as well.
The discussion about money should center around wages and credit. These are how people have the ability to purchase things. If there’s downward pressure on wages and a contraction of credit, then you can bet that assets that require wages and credit will be experiencing downward pressure on their prices. In order to satisfy the demand part of the equation, buyers have to have the desire and the “ability” to purchase.peterb
ParticipantI’m pretty sure gold is the only asset that’s at it’s all-time high right now. The important thing to keep in mind is that it’s holding it’s position as other assets jump around from 50% to 75% of their highs. Gold does very well in times of economic uncertaintity. The world thinks of it as safe money.
I think we’ve got this in spades and will continue to have it for some time.If you measure gold/commodities, you can see that it slides in value during heavy economic growth and rises during heavy economic turmoil.
peterb
ParticipantI’m pretty sure gold is the only asset that’s at it’s all-time high right now. The important thing to keep in mind is that it’s holding it’s position as other assets jump around from 50% to 75% of their highs. Gold does very well in times of economic uncertaintity. The world thinks of it as safe money.
I think we’ve got this in spades and will continue to have it for some time.If you measure gold/commodities, you can see that it slides in value during heavy economic growth and rises during heavy economic turmoil.
peterb
ParticipantI’m pretty sure gold is the only asset that’s at it’s all-time high right now. The important thing to keep in mind is that it’s holding it’s position as other assets jump around from 50% to 75% of their highs. Gold does very well in times of economic uncertaintity. The world thinks of it as safe money.
I think we’ve got this in spades and will continue to have it for some time.If you measure gold/commodities, you can see that it slides in value during heavy economic growth and rises during heavy economic turmoil.
peterb
ParticipantI’m pretty sure gold is the only asset that’s at it’s all-time high right now. The important thing to keep in mind is that it’s holding it’s position as other assets jump around from 50% to 75% of their highs. Gold does very well in times of economic uncertaintity. The world thinks of it as safe money.
I think we’ve got this in spades and will continue to have it for some time.If you measure gold/commodities, you can see that it slides in value during heavy economic growth and rises during heavy economic turmoil.
peterb
ParticipantI’m pretty sure gold is the only asset that’s at it’s all-time high right now. The important thing to keep in mind is that it’s holding it’s position as other assets jump around from 50% to 75% of their highs. Gold does very well in times of economic uncertaintity. The world thinks of it as safe money.
I think we’ve got this in spades and will continue to have it for some time.If you measure gold/commodities, you can see that it slides in value during heavy economic growth and rises during heavy economic turmoil.
peterb
ParticipantUnions are just another form of protectionism. Which is something corporate America is very good at as well.
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