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XBoxBoy
ParticipantFor a republican appointee, Bernanke sure does sound an awful lot like a socialist:
Bernanke on Monday night endorsed the need for government intervention, saying that letting markets take their own course could “destabilize communities, reduce the property values of nearby homes and lower municipal tax revenues.”
XBoxBoy
ParticipantFor a republican appointee, Bernanke sure does sound an awful lot like a socialist:
Bernanke on Monday night endorsed the need for government intervention, saying that letting markets take their own course could “destabilize communities, reduce the property values of nearby homes and lower municipal tax revenues.”
XBoxBoy
ParticipantI can’t think of any reasons why high housing prices are good for the economy, but I can think of a major reason why high housing prices are good for politicians. When prices are high people who own houses feel wealthy and prosperous, and people who feel wealthy and prosperous are likely to vote to keep the politicians in office.
Likewise all the bailouts are not really motivated by economics, but by wanting people to vote to keep the politicians in office.
Keep in mind that most politicians are fairly illiterate when it comes to economics, but pretty sharp when it comes to playing the politics game.
XBoxBoy
ParticipantI can’t think of any reasons why high housing prices are good for the economy, but I can think of a major reason why high housing prices are good for politicians. When prices are high people who own houses feel wealthy and prosperous, and people who feel wealthy and prosperous are likely to vote to keep the politicians in office.
Likewise all the bailouts are not really motivated by economics, but by wanting people to vote to keep the politicians in office.
Keep in mind that most politicians are fairly illiterate when it comes to economics, but pretty sharp when it comes to playing the politics game.
XBoxBoy
ParticipantI can’t think of any reasons why high housing prices are good for the economy, but I can think of a major reason why high housing prices are good for politicians. When prices are high people who own houses feel wealthy and prosperous, and people who feel wealthy and prosperous are likely to vote to keep the politicians in office.
Likewise all the bailouts are not really motivated by economics, but by wanting people to vote to keep the politicians in office.
Keep in mind that most politicians are fairly illiterate when it comes to economics, but pretty sharp when it comes to playing the politics game.
XBoxBoy
ParticipantI can’t think of any reasons why high housing prices are good for the economy, but I can think of a major reason why high housing prices are good for politicians. When prices are high people who own houses feel wealthy and prosperous, and people who feel wealthy and prosperous are likely to vote to keep the politicians in office.
Likewise all the bailouts are not really motivated by economics, but by wanting people to vote to keep the politicians in office.
Keep in mind that most politicians are fairly illiterate when it comes to economics, but pretty sharp when it comes to playing the politics game.
XBoxBoy
ParticipantI can’t think of any reasons why high housing prices are good for the economy, but I can think of a major reason why high housing prices are good for politicians. When prices are high people who own houses feel wealthy and prosperous, and people who feel wealthy and prosperous are likely to vote to keep the politicians in office.
Likewise all the bailouts are not really motivated by economics, but by wanting people to vote to keep the politicians in office.
Keep in mind that most politicians are fairly illiterate when it comes to economics, but pretty sharp when it comes to playing the politics game.
XBoxBoy
ParticipantTotally irrelevant to the USA. Why here in the USA the government assures me that inflation is maybe 2% at most. And now that stimulus checks are going out, I’m sure I’ll be able to get a big fat raise real soon.
XBoxBoy
ParticipantTotally irrelevant to the USA. Why here in the USA the government assures me that inflation is maybe 2% at most. And now that stimulus checks are going out, I’m sure I’ll be able to get a big fat raise real soon.
XBoxBoy
ParticipantTotally irrelevant to the USA. Why here in the USA the government assures me that inflation is maybe 2% at most. And now that stimulus checks are going out, I’m sure I’ll be able to get a big fat raise real soon.
XBoxBoy
ParticipantTotally irrelevant to the USA. Why here in the USA the government assures me that inflation is maybe 2% at most. And now that stimulus checks are going out, I’m sure I’ll be able to get a big fat raise real soon.
XBoxBoy
ParticipantTotally irrelevant to the USA. Why here in the USA the government assures me that inflation is maybe 2% at most. And now that stimulus checks are going out, I’m sure I’ll be able to get a big fat raise real soon.
XBoxBoy
ParticipantIs Mr.Khelil’s math right? Seems to me if oil is trading at $115 and the value of the dollar falls 1%, it should now cost 1% more (in dollars) for a barrel of oil. My math tells me that 1% of $115 is $1.15. I might be off a couple of cents, depending on exactly how you calc the 1% decline, but certainly not $4. Am I missing something? Where did Mr. Khelil get the $4 figure from?
XBoxBoy
ParticipantIs Mr.Khelil’s math right? Seems to me if oil is trading at $115 and the value of the dollar falls 1%, it should now cost 1% more (in dollars) for a barrel of oil. My math tells me that 1% of $115 is $1.15. I might be off a couple of cents, depending on exactly how you calc the 1% decline, but certainly not $4. Am I missing something? Where did Mr. Khelil get the $4 figure from?
XBoxBoy
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