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socrattt
Participant[quote=bsrsharma]jonnycsd,
That is an interesting observation about Brazil. I think people have extreme fear of inflation due to stories about Weimar Germany (http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_germanhyperinflation.html) and more recently pictures of Zimbabwe’s currency with 15 digits. But U.S. inflation will be more like that in the 1970s, not even as much as Brazil. In fact, I think, people were not in extreme hardship during 1972-82. I don’t think there is any report of widespread homelessness or hunger (like in the 1930s).[/quote]
BS, you talk as if you have a clue about the amount of money being printed. You don’t have a clue nor does anyone here. I think we have printed enough to put us in a Zimbabwe like inflation scenario, but we are using other resources to combat this inflation. Will it get bad? Most likely and when it does it won’t be a walk in the park. You are crazy to believe it will be similar to the 70’s inflationary period. There are huge repercussions to our actions, unfortunately it is completely unpredictable at this point.
Participant[quote=bsrsharma]jonnycsd,
That is an interesting observation about Brazil. I think people have extreme fear of inflation due to stories about Weimar Germany (http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_germanhyperinflation.html) and more recently pictures of Zimbabwe’s currency with 15 digits. But U.S. inflation will be more like that in the 1970s, not even as much as Brazil. In fact, I think, people were not in extreme hardship during 1972-82. I don’t think there is any report of widespread homelessness or hunger (like in the 1930s).[/quote]
BS, you talk as if you have a clue about the amount of money being printed. You don’t have a clue nor does anyone here. I think we have printed enough to put us in a Zimbabwe like inflation scenario, but we are using other resources to combat this inflation. Will it get bad? Most likely and when it does it won’t be a walk in the park. You are crazy to believe it will be similar to the 70’s inflationary period. There are huge repercussions to our actions, unfortunately it is completely unpredictable at this point.
Participant[quote=bsrsharma]jonnycsd,
That is an interesting observation about Brazil. I think people have extreme fear of inflation due to stories about Weimar Germany (http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_germanhyperinflation.html) and more recently pictures of Zimbabwe’s currency with 15 digits. But U.S. inflation will be more like that in the 1970s, not even as much as Brazil. In fact, I think, people were not in extreme hardship during 1972-82. I don’t think there is any report of widespread homelessness or hunger (like in the 1930s).[/quote]
BS, you talk as if you have a clue about the amount of money being printed. You don’t have a clue nor does anyone here. I think we have printed enough to put us in a Zimbabwe like inflation scenario, but we are using other resources to combat this inflation. Will it get bad? Most likely and when it does it won’t be a walk in the park. You are crazy to believe it will be similar to the 70’s inflationary period. There are huge repercussions to our actions, unfortunately it is completely unpredictable at this point.
Participant[quote=bsrsharma]jonnycsd,
That is an interesting observation about Brazil. I think people have extreme fear of inflation due to stories about Weimar Germany (http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_germanhyperinflation.html) and more recently pictures of Zimbabwe’s currency with 15 digits. But U.S. inflation will be more like that in the 1970s, not even as much as Brazil. In fact, I think, people were not in extreme hardship during 1972-82. I don’t think there is any report of widespread homelessness or hunger (like in the 1930s).[/quote]
BS, you talk as if you have a clue about the amount of money being printed. You don’t have a clue nor does anyone here. I think we have printed enough to put us in a Zimbabwe like inflation scenario, but we are using other resources to combat this inflation. Will it get bad? Most likely and when it does it won’t be a walk in the park. You are crazy to believe it will be similar to the 70’s inflationary period. There are huge repercussions to our actions, unfortunately it is completely unpredictable at this point.
Participant[quote=Butleroftwo]
As I recall from the bubble in the 1990’s the inventory was extremely low after the bottom was hit. I wonder if this is similar. It would be nice to have the inventory counted with contingencies identified.[/quote]One minor scenario has been overlooked. The FED is controlling supply and demand. As long as the government can manipulate the numbers buyers will keep buying as the assumption of the bottom is near. If the FED keeps control long enough for inflation and a reduction in the continued inventory hitting the shelves of the bank, it will be a win win situation for the government.
The only question is how long can the banks keep these homes off the balance sheets. I am hearing of homeowners on a daily basis who are contemplating the “walk away” scenario and many others who walked away months ago (some up to 18 months) and have yet to receive a NOD.
We live in some crazy times and do yourself a favor and don’t follow the numbers to determine the bottom, follow the facts. The facts are obvious but only few see the writing on the wall!
Participant[quote=Butleroftwo]
As I recall from the bubble in the 1990’s the inventory was extremely low after the bottom was hit. I wonder if this is similar. It would be nice to have the inventory counted with contingencies identified.[/quote]One minor scenario has been overlooked. The FED is controlling supply and demand. As long as the government can manipulate the numbers buyers will keep buying as the assumption of the bottom is near. If the FED keeps control long enough for inflation and a reduction in the continued inventory hitting the shelves of the bank, it will be a win win situation for the government.
The only question is how long can the banks keep these homes off the balance sheets. I am hearing of homeowners on a daily basis who are contemplating the “walk away” scenario and many others who walked away months ago (some up to 18 months) and have yet to receive a NOD.
We live in some crazy times and do yourself a favor and don’t follow the numbers to determine the bottom, follow the facts. The facts are obvious but only few see the writing on the wall!
Participant[quote=Butleroftwo]
As I recall from the bubble in the 1990’s the inventory was extremely low after the bottom was hit. I wonder if this is similar. It would be nice to have the inventory counted with contingencies identified.[/quote]One minor scenario has been overlooked. The FED is controlling supply and demand. As long as the government can manipulate the numbers buyers will keep buying as the assumption of the bottom is near. If the FED keeps control long enough for inflation and a reduction in the continued inventory hitting the shelves of the bank, it will be a win win situation for the government.
The only question is how long can the banks keep these homes off the balance sheets. I am hearing of homeowners on a daily basis who are contemplating the “walk away” scenario and many others who walked away months ago (some up to 18 months) and have yet to receive a NOD.
We live in some crazy times and do yourself a favor and don’t follow the numbers to determine the bottom, follow the facts. The facts are obvious but only few see the writing on the wall!
Participant[quote=Butleroftwo]
As I recall from the bubble in the 1990’s the inventory was extremely low after the bottom was hit. I wonder if this is similar. It would be nice to have the inventory counted with contingencies identified.[/quote]One minor scenario has been overlooked. The FED is controlling supply and demand. As long as the government can manipulate the numbers buyers will keep buying as the assumption of the bottom is near. If the FED keeps control long enough for inflation and a reduction in the continued inventory hitting the shelves of the bank, it will be a win win situation for the government.
The only question is how long can the banks keep these homes off the balance sheets. I am hearing of homeowners on a daily basis who are contemplating the “walk away” scenario and many others who walked away months ago (some up to 18 months) and have yet to receive a NOD.
We live in some crazy times and do yourself a favor and don’t follow the numbers to determine the bottom, follow the facts. The facts are obvious but only few see the writing on the wall!
Participant[quote=Butleroftwo]
As I recall from the bubble in the 1990’s the inventory was extremely low after the bottom was hit. I wonder if this is similar. It would be nice to have the inventory counted with contingencies identified.[/quote]One minor scenario has been overlooked. The FED is controlling supply and demand. As long as the government can manipulate the numbers buyers will keep buying as the assumption of the bottom is near. If the FED keeps control long enough for inflation and a reduction in the continued inventory hitting the shelves of the bank, it will be a win win situation for the government.
The only question is how long can the banks keep these homes off the balance sheets. I am hearing of homeowners on a daily basis who are contemplating the “walk away” scenario and many others who walked away months ago (some up to 18 months) and have yet to receive a NOD.
We live in some crazy times and do yourself a favor and don’t follow the numbers to determine the bottom, follow the facts. The facts are obvious but only few see the writing on the wall!
August 23, 2009 at 9:29 PM in reply to: FPA Capital: Here is What Institutional Money is Thinking #448115ParticipantIt almost reads like a poem, so beautiful!!
August 23, 2009 at 9:29 PM in reply to: FPA Capital: Here is What Institutional Money is Thinking #448304ParticipantIt almost reads like a poem, so beautiful!!
August 23, 2009 at 9:29 PM in reply to: FPA Capital: Here is What Institutional Money is Thinking #448644ParticipantIt almost reads like a poem, so beautiful!!
August 23, 2009 at 9:29 PM in reply to: FPA Capital: Here is What Institutional Money is Thinking #448716ParticipantIt almost reads like a poem, so beautiful!!
August 23, 2009 at 9:29 PM in reply to: FPA Capital: Here is What Institutional Money is Thinking #448901ParticipantIt almost reads like a poem, so beautiful!!
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