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October 5, 2011 at 4:28 PM in reply to: It’s going to get much worse…there is no escape (ECRI) #730128
The-Shoveler
ParticipantYou did not hit the current bottom for TV (2009 is my guess) but your probably only maybe a year’s worth of rent from there anyway, really in TV unless you bought at the very tippy top a strategic default was kind of pointless anyway by the time you added all the other expenses and other headaches and guessing and worrying stuff.
I know people who spent more on their landscaping than the difference between top and current price.
If your going to be there 10 years, you are probably going to be OK.
Hey but it’s your call !!October 5, 2011 at 2:51 PM in reply to: It’s going to get much worse…there is no escape (ECRI) #730123ParticipantThe Seventies came real close to that description., there is always a delay it seems between inflation and wages so at first at least there is always some pain involved.
October 5, 2011 at 1:02 PM in reply to: It’s going to get much worse…there is no escape (ECRI) #730110Participant[quote=flu][quote=sdrealtor]How about lanterns? Are Coleman’s made in the USA?[/quote]
no… china.
Also., American Greetings and Hallmark started making cards in china to, even though the full price of a greeting card (plain, no sound,bells, whistles) is now closer to $4….Go figure…[/quote]
Imagine the horror if they stopped accepting our dollars !!
I mean I am not going out there and making greetings cards or blue jeans, you guy’s are on your own, sorry,
The horror, the horror,.
October 5, 2011 at 12:59 PM in reply to: CA demographic shifts in the coming years will favor cities over suburbia #730108Participant[quote=walterwhite]No matter where you go in the USA no place compares to temecula.[/quote]
I agree !!
🙂ParticipantIt’s kind of like Greece , they doubled the public employees pay and benefits during the ten years they were in the EU, till they were being paid more than the much more prosperous German public employees. The average rail worker in Greece gets about 100K in US dollars per year in pay.
ParticipantIt’s not popular but it’s an interesting problem,
In absents of some serious inflation.
How to get out of the debt trap? It’s not going to be possible for the Cities to pay what they thought they could when the boon times were rolling, the unions kind of did an Autoworkers union to themselves and everyone else.
October 5, 2011 at 5:46 AM in reply to: It’s going to get much worse…there is no escape (ECRI) #730071ParticipantYep the where do you get wage inflation puzzle is an interesting question,
1) maybe just have the Gov send everyone checks like they did under Bush ?
2) just raise the minimum wage to say 15 or 20 dollars an hour or something like that,
Other than that I am stumped as it is unlikely we will create enough job pressure for most professions while we are in this Japan trap.
ParticipantI did say wage inflation I think.
Anyway, with out inflation at this point we are Doomed !!! (as in we are Japan).
ParticipantWhile I do agree the real issue is too much debt,
Yet lower home prices will not solve the above.
We are currently choosing the path that leads straight to the Japan Trap,
High debt, lower and stagnant wages leading to lower household formation and an aging declining population combined with ever higher defect spending (in 1988 Japan had a surplus big time).And that very same aging population SCREAMING for a flat currency,
We need wage inflation and we need it fast or we join Japan,ParticipantOhh yea, Lower home prices have been a real boon alright !!
Just ask anyone in phoenix , Florida or VegasAlthough I must admit there has been a dramatic uptick in home sales in those regions.
ParticipantWhy it is not good news,
It means unemployment will likely be above 10% in SoCal until then.
It means the local and state gov will be cash short and likely in defect spending and schools will be a lot more crowded.
It means if you lose your Job you are unlikely to find employment in you current profession.
I could go on.
October 1, 2011 at 9:52 AM in reply to: It’s going to get much worse…there is no escape (ECRI) #729944ParticipantHmm Making stuff people want to buy (Exporting) did not seem to solve Japans problems !!
At some point it stops being about being fair, and starts being about finding a solution or continuing to spiral into the abyss .October 1, 2011 at 8:20 AM in reply to: It’s going to get much worse…there is no escape (ECRI) #729941ParticipantSeems like it,
It seems like a lot of this is self-inflected as well, “WE WANT TO BECOME JAPAN”
We don’t want to grow, We don’t want inflation, We want less household formation.
Funny thing is just like japan (because we don’t want to inflate) we will end up with larger and larger defect spending just to keep people busy so they don’t revolt. You cannot get more Gov revenue without growth, you cannot get growth until you solve the housing situation (one way or the other).
“End of Growth” I had this in my mind for several months now, damm someone else used it before me..
I just wish I would of patented the “automation economy “, I seen it now about 5 time since I first created it 2 or 3 years ago.September 27, 2011 at 6:35 AM in reply to: BBC Speechless As Trader Tells Truth: “The Collapse Is Coming…And Goldman Rules The World” #729817ParticipantSpeaking of financial geniuses , it still cracks me up that everyone thought Greenspan was a maestro financier extraordinaire. I mean the guy would come in and mumble some incomprehensible cr#p for 30 minutes and everyone would spend the next half day trying to make sense out of what must surely be the most intelligent words ever spoken by a mortal.
Thinking back it makes me double up with laughter, well at least I can laugh about it.Oh wait you don’t suppose he really knew what he was doing do you ?
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