[peterb]

Anyne who complains about govt subsidies and intervention should take a good look around at their world here in the US.
Fanny, Freddie and the GI Bill changed life for the masses in the USA. A college education and home ownership were very rare things before the govt got involved.
And the masses involvement in the stock market kicked in with the IRA plan that was created.
Check this against human history. It’s amazing what’s been created in 70 years!

I may be very bearish about our current circumstances, but I wont fool myself about the opportunities here and what’s been created. So, as big and bloated and corrupt as we may like to portray the govt and its activities, it’s done a far better than average job trying to get j6p into a higher standard of living or at least the opportunity to attain it.

[peterb]

Anyne who complains about govt subsidies and intervention should take a good look around at their world here in the US.
Fanny, Freddie and the GI Bill changed life for the masses in the USA. A college education and home ownership were very rare things before the govt got involved.
And the masses involvement in the stock market kicked in with the IRA plan that was created.
Check this against human history. It’s amazing what’s been created in 70 years!

I may be very bearish about our current circumstances, but I wont fool myself about the opportunities here and what’s been created. So, as big and bloated and corrupt as we may like to portray the govt and its activities, it’s done a far better than average job trying to get j6p into a higher standard of living or at least the opportunity to attain it.

[peterb]

Anyne who complains about govt subsidies and intervention should take a good look around at their world here in the US.
Fanny, Freddie and the GI Bill changed life for the masses in the USA. A college education and home ownership were very rare things before the govt got involved.
And the masses involvement in the stock market kicked in with the IRA plan that was created.
Check this against human history. It’s amazing what’s been created in 70 years!

I may be very bearish about our current circumstances, but I wont fool myself about the opportunities here and what’s been created. So, as big and bloated and corrupt as we may like to portray the govt and its activities, it’s done a far better than average job trying to get j6p into a higher standard of living or at least the opportunity to attain it.

[peterb]

Anyne who complains about govt subsidies and intervention should take a good look around at their world here in the US.
Fanny, Freddie and the GI Bill changed life for the masses in the USA. A college education and home ownership were very rare things before the govt got involved.
And the masses involvement in the stock market kicked in with the IRA plan that was created.
Check this against human history. It’s amazing what’s been created in 70 years!

I may be very bearish about our current circumstances, but I wont fool myself about the opportunities here and what’s been created. So, as big and bloated and corrupt as we may like to portray the govt and its activities, it’s done a far better than average job trying to get j6p into a higher standard of living or at least the opportunity to attain it.

[peterb]

The credit markets have to take the cheap money into the economy. And they’re doing just the opposite. The credit markets are constricting and the rates on treasuries are increasing. Unemployment is soaring. How anyone gets inflation out of this scenario is beyond me.

There’s no velocity to the money out there. It’s not making its way into the economy. It’s theoretical. Since the money is digital, it is always immediately available to the financial markets at the given rates. The effect takes place if they actually make use of it by extending credit out in the markets.

[peterb]

The credit markets have to take the cheap money into the economy. And they’re doing just the opposite. The credit markets are constricting and the rates on treasuries are increasing. Unemployment is soaring. How anyone gets inflation out of this scenario is beyond me.

There’s no velocity to the money out there. It’s not making its way into the economy. It’s theoretical. Since the money is digital, it is always immediately available to the financial markets at the given rates. The effect takes place if they actually make use of it by extending credit out in the markets.

[peterb]

The credit markets have to take the cheap money into the economy. And they’re doing just the opposite. The credit markets are constricting and the rates on treasuries are increasing. Unemployment is soaring. How anyone gets inflation out of this scenario is beyond me.

There’s no velocity to the money out there. It’s not making its way into the economy. It’s theoretical. Since the money is digital, it is always immediately available to the financial markets at the given rates. The effect takes place if they actually make use of it by extending credit out in the markets.

[peterb]

The credit markets have to take the cheap money into the economy. And they’re doing just the opposite. The credit markets are constricting and the rates on treasuries are increasing. Unemployment is soaring. How anyone gets inflation out of this scenario is beyond me.

There’s no velocity to the money out there. It’s not making its way into the economy. It’s theoretical. Since the money is digital, it is always immediately available to the financial markets at the given rates. The effect takes place if they actually make use of it by extending credit out in the markets.

[peterb]

The credit markets have to take the cheap money into the economy. And they’re doing just the opposite. The credit markets are constricting and the rates on treasuries are increasing. Unemployment is soaring. How anyone gets inflation out of this scenario is beyond me.

There’s no velocity to the money out there. It’s not making its way into the economy. It’s theoretical. Since the money is digital, it is always immediately available to the financial markets at the given rates. The effect takes place if they actually make use of it by extending credit out in the markets.

[peterb]

Takes a job to get a loan, to buy the house. And herein lies the problem for the future.

Loan mods need to have cramdowns, otherwise they’re not attractive alternatives to letting the property go back to the lender.

Yes, Japan managed to spread the problem over many years. Price corrections will not be denied by the market.

[peterb]

Takes a job to get a loan, to buy the house. And herein lies the problem for the future.

Loan mods need to have cramdowns, otherwise they’re not attractive alternatives to letting the property go back to the lender.

Yes, Japan managed to spread the problem over many years. Price corrections will not be denied by the market.

[peterb]

Takes a job to get a loan, to buy the house. And herein lies the problem for the future.

Loan mods need to have cramdowns, otherwise they’re not attractive alternatives to letting the property go back to the lender.

Yes, Japan managed to spread the problem over many years. Price corrections will not be denied by the market.

[peterb]

Takes a job to get a loan, to buy the house. And herein lies the problem for the future.

Loan mods need to have cramdowns, otherwise they’re not attractive alternatives to letting the property go back to the lender.

Yes, Japan managed to spread the problem over many years. Price corrections will not be denied by the market.

[peterb]

Takes a job to get a loan, to buy the house. And herein lies the problem for the future.

Loan mods need to have cramdowns, otherwise they’re not attractive alternatives to letting the property go back to the lender.

Yes, Japan managed to spread the problem over many years. Price corrections will not be denied by the market.

[peterb]

Why bother?

[Author]

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