Forum Replies Created
-
AuthorPosts
-
XBoxBoy
ParticipantI have a simple suggestion. Vote no on all of them. There might be one or two that you like, but the problem that I see is that the ballot proposition idea sounds good but in practice is terrible.
All too often there is little unbiased information about these ballot and no information about possible unintended consequences. Many times in recent years voters have been fooled or tricked into voting for things that are not what they think they are.
Many of the propositions are also for large bond issues. Notice that we only get to vote on spending money on the issues that voters are likely to support. (education, environmental protection, police and firefighting) What the state assembly does when they want more money, is spend the general fund on their pet projects and then let these ballot propositions fund the things they should have funded instead of their special interest projects.
So, the sooner we stop trying to run our government through this process the better. Thus, I recommend voting no on all of these issues.
ParticipantI have a simple suggestion. Vote no on all of them. There might be one or two that you like, but the problem that I see is that the ballot proposition idea sounds good but in practice is terrible.
All too often there is little unbiased information about these ballot and no information about possible unintended consequences. Many times in recent years voters have been fooled or tricked into voting for things that are not what they think they are.
Many of the propositions are also for large bond issues. Notice that we only get to vote on spending money on the issues that voters are likely to support. (education, environmental protection, police and firefighting) What the state assembly does when they want more money, is spend the general fund on their pet projects and then let these ballot propositions fund the things they should have funded instead of their special interest projects.
So, the sooner we stop trying to run our government through this process the better. Thus, I recommend voting no on all of these issues.
Participant[quote=peterb]The US$ is buying more of almost everything by the day!![/quote]
But what happens when this crisis settles down? (and it will settle down at some point) With the market crashing, you would expect treasuries to be skyrocketing. But they aren’t. Matter of fact, yields on 10yrs have been rising. Might be because people need to liquidate them so they pay their Lehman CDS’s, but might it be that there is an enormous bubble in treasuries right now?
If the people arguing that treasuries are the mother of all bubbles out there are right, what happens when that pops? The obvious answer would be that interest rates go through the roof. And then we get a full blown dollar crisis. This could put a crimp in all the bailout plans.
Of course if you’re buying an american house with american dollars all this might be irrelevant. Then again, it might not. What do I know.
XBoxBoy
Participant[quote=peterb]The US$ is buying more of almost everything by the day!![/quote]
But what happens when this crisis settles down? (and it will settle down at some point) With the market crashing, you would expect treasuries to be skyrocketing. But they aren’t. Matter of fact, yields on 10yrs have been rising. Might be because people need to liquidate them so they pay their Lehman CDS’s, but might it be that there is an enormous bubble in treasuries right now?
If the people arguing that treasuries are the mother of all bubbles out there are right, what happens when that pops? The obvious answer would be that interest rates go through the roof. And then we get a full blown dollar crisis. This could put a crimp in all the bailout plans.
Of course if you’re buying an american house with american dollars all this might be irrelevant. Then again, it might not. What do I know.
XBoxBoy
Participant[quote=peterb]The US$ is buying more of almost everything by the day!![/quote]
But what happens when this crisis settles down? (and it will settle down at some point) With the market crashing, you would expect treasuries to be skyrocketing. But they aren’t. Matter of fact, yields on 10yrs have been rising. Might be because people need to liquidate them so they pay their Lehman CDS’s, but might it be that there is an enormous bubble in treasuries right now?
If the people arguing that treasuries are the mother of all bubbles out there are right, what happens when that pops? The obvious answer would be that interest rates go through the roof. And then we get a full blown dollar crisis. This could put a crimp in all the bailout plans.
Of course if you’re buying an american house with american dollars all this might be irrelevant. Then again, it might not. What do I know.
XBoxBoy
Participant[quote=peterb]The US$ is buying more of almost everything by the day!![/quote]
But what happens when this crisis settles down? (and it will settle down at some point) With the market crashing, you would expect treasuries to be skyrocketing. But they aren’t. Matter of fact, yields on 10yrs have been rising. Might be because people need to liquidate them so they pay their Lehman CDS’s, but might it be that there is an enormous bubble in treasuries right now?
If the people arguing that treasuries are the mother of all bubbles out there are right, what happens when that pops? The obvious answer would be that interest rates go through the roof. And then we get a full blown dollar crisis. This could put a crimp in all the bailout plans.
Of course if you’re buying an american house with american dollars all this might be irrelevant. Then again, it might not. What do I know.
XBoxBoy
Participant[quote=peterb]The US$ is buying more of almost everything by the day!![/quote]
But what happens when this crisis settles down? (and it will settle down at some point) With the market crashing, you would expect treasuries to be skyrocketing. But they aren’t. Matter of fact, yields on 10yrs have been rising. Might be because people need to liquidate them so they pay their Lehman CDS’s, but might it be that there is an enormous bubble in treasuries right now?
If the people arguing that treasuries are the mother of all bubbles out there are right, what happens when that pops? The obvious answer would be that interest rates go through the roof. And then we get a full blown dollar crisis. This could put a crimp in all the bailout plans.
Of course if you’re buying an american house with american dollars all this might be irrelevant. Then again, it might not. What do I know.
XBoxBoy
ParticipantQuite simply, I’ve become more reluctant to buy right now. Or maybe it would be more accurate to say, more willing to wait.
I expect to buy in an expensive neighborhood. (La Jolla) I have cash in treasuries. While I make crummy interest on my principle, I haven’t lost principle in the last year. But during the course of that year, other potential buyers have seen things get much rougher for them. Loans are much harder to get, more expensive (we’re talking jumbo here, not conforming) and if they had money in the stock market, more than likely they’ve lost money. So why not wait? I figure things are going my way, and most likely will continue to go my way. Or put another way, I suspect that many buyers of high end housing in San Diego are slowly getting pushed out of their price range. Plus some of those retires who just had their retirement funds vaporize might need to sell their houses now! Thus I expect significant price drops in the coming year for high end areas. So why not get comfortable and wait?
Just my two cents
XBoxBoy
ParticipantQuite simply, I’ve become more reluctant to buy right now. Or maybe it would be more accurate to say, more willing to wait.
I expect to buy in an expensive neighborhood. (La Jolla) I have cash in treasuries. While I make crummy interest on my principle, I haven’t lost principle in the last year. But during the course of that year, other potential buyers have seen things get much rougher for them. Loans are much harder to get, more expensive (we’re talking jumbo here, not conforming) and if they had money in the stock market, more than likely they’ve lost money. So why not wait? I figure things are going my way, and most likely will continue to go my way. Or put another way, I suspect that many buyers of high end housing in San Diego are slowly getting pushed out of their price range. Plus some of those retires who just had their retirement funds vaporize might need to sell their houses now! Thus I expect significant price drops in the coming year for high end areas. So why not get comfortable and wait?
Just my two cents
XBoxBoy
ParticipantQuite simply, I’ve become more reluctant to buy right now. Or maybe it would be more accurate to say, more willing to wait.
I expect to buy in an expensive neighborhood. (La Jolla) I have cash in treasuries. While I make crummy interest on my principle, I haven’t lost principle in the last year. But during the course of that year, other potential buyers have seen things get much rougher for them. Loans are much harder to get, more expensive (we’re talking jumbo here, not conforming) and if they had money in the stock market, more than likely they’ve lost money. So why not wait? I figure things are going my way, and most likely will continue to go my way. Or put another way, I suspect that many buyers of high end housing in San Diego are slowly getting pushed out of their price range. Plus some of those retires who just had their retirement funds vaporize might need to sell their houses now! Thus I expect significant price drops in the coming year for high end areas. So why not get comfortable and wait?
Just my two cents
XBoxBoy
ParticipantQuite simply, I’ve become more reluctant to buy right now. Or maybe it would be more accurate to say, more willing to wait.
I expect to buy in an expensive neighborhood. (La Jolla) I have cash in treasuries. While I make crummy interest on my principle, I haven’t lost principle in the last year. But during the course of that year, other potential buyers have seen things get much rougher for them. Loans are much harder to get, more expensive (we’re talking jumbo here, not conforming) and if they had money in the stock market, more than likely they’ve lost money. So why not wait? I figure things are going my way, and most likely will continue to go my way. Or put another way, I suspect that many buyers of high end housing in San Diego are slowly getting pushed out of their price range. Plus some of those retires who just had their retirement funds vaporize might need to sell their houses now! Thus I expect significant price drops in the coming year for high end areas. So why not get comfortable and wait?
Just my two cents
XBoxBoy
ParticipantQuite simply, I’ve become more reluctant to buy right now. Or maybe it would be more accurate to say, more willing to wait.
I expect to buy in an expensive neighborhood. (La Jolla) I have cash in treasuries. While I make crummy interest on my principle, I haven’t lost principle in the last year. But during the course of that year, other potential buyers have seen things get much rougher for them. Loans are much harder to get, more expensive (we’re talking jumbo here, not conforming) and if they had money in the stock market, more than likely they’ve lost money. So why not wait? I figure things are going my way, and most likely will continue to go my way. Or put another way, I suspect that many buyers of high end housing in San Diego are slowly getting pushed out of their price range. Plus some of those retires who just had their retirement funds vaporize might need to sell their houses now! Thus I expect significant price drops in the coming year for high end areas. So why not get comfortable and wait?
Just my two cents
XBoxBoy
Participant[quote=yellow8yellowm]We can safely assume that either Obama or McCain will be the next president. From a purely logical/realist standpoint, your vote or non-vote is going to influence which one will be in office.[/quote]
Sorry, but I absolutely disagree. I live in California and California will cast all of its electoral college votes for the Democratic nominee. It is such a certain, that McCain will not even both to campaign here. If we didn’t have an electoral college, I would feel differently. BUT we do have an electoral college and there is no way that my vote is going to influence who is in office so let’s not pretend that it will.
[quote=yellow8yellowm]Voting is our right, but it is the minium we can do to serve our own ends and your country’s.
[/quote]This part I can agree with. I will vote. (I pretty much always do)
But the point of my post, and my point still is: I can not for one minute understand why anyone with half a brain could support McCain. (And actually, yes you could extend that to Obama too) And so my question was, and still is to those of you who post on Piggington’s with Pro McCain attitudes, how can you do that with a straight face? It’s one thing to say, OMG he’s terrible, but he’s better than Obama. But it’s a totally different thing to actually be “for” him and to think he’s got what it takes to be a good president.
XBoxBoy
Participant[quote=yellow8yellowm]We can safely assume that either Obama or McCain will be the next president. From a purely logical/realist standpoint, your vote or non-vote is going to influence which one will be in office.[/quote]
Sorry, but I absolutely disagree. I live in California and California will cast all of its electoral college votes for the Democratic nominee. It is such a certain, that McCain will not even both to campaign here. If we didn’t have an electoral college, I would feel differently. BUT we do have an electoral college and there is no way that my vote is going to influence who is in office so let’s not pretend that it will.
[quote=yellow8yellowm]Voting is our right, but it is the minium we can do to serve our own ends and your country’s.
[/quote]This part I can agree with. I will vote. (I pretty much always do)
But the point of my post, and my point still is: I can not for one minute understand why anyone with half a brain could support McCain. (And actually, yes you could extend that to Obama too) And so my question was, and still is to those of you who post on Piggington’s with Pro McCain attitudes, how can you do that with a straight face? It’s one thing to say, OMG he’s terrible, but he’s better than Obama. But it’s a totally different thing to actually be “for” him and to think he’s got what it takes to be a good president.
XBoxBoy
-
AuthorPosts
