Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Where is the asset? The only asset capable of absorbing that amount of debt is real estate. Are there going to be trillion dollar RV loans? They just insured more stagflation which makes a housing recovery hopeless. Reserves don't matter. Asset equity matters. The only scenario I see is China committing financial suicide with us or an oil shock that would create an equity absorbing sponge big enough. Iran maybe could do it.
Actually something big like real new energy could stimulate growth, however, the govt is making tons off of this situation. They own tons of real estate as well so they will just try to make some of it up there. That and pension funds. Think they are counting on a "health care" bubble also.
The govt economy and joe blow economy are 2 different things. The govt isn't interested in the little guy unless they can use them as some means of profit. Most definitely a rental economy. Though I love the spin about getting people in homes. Really pretty insulting they think anybody believes that.
Things unfortunately, have been painted in a corner. Something large will most likely need to occur for any movement.
Its all about profit by big banks and Wall Street. They will make more profit if you borrow and spend money which you dont have rather then you working and spending your hard earned money.
Actually something big like real new energy could stimulate growth, however, the govt is making tons off of this situation. They own tons of real estate as well so they will just try to make some of it up there. That and pension funds. Think they are counting on a "health care" bubble also.
The govt economy and joe blow economy are 2 different things. The govt isn't interested in the little guy unless they can use them as some means of profit. Most definitely a rental economy. Though I love the spin about getting people in homes. Really pretty insulting they think anybody believes that.
Things unfortunately, have been painted in a corner. Something large will most likely need to occur for any movement.
There is always some spin to it, but putting people in homes is a huge plus for the economy as whole. People who buy homes, also buy furniture, appliances, electronics, lawn equipment, home improvement stuff etc, etc. Also, when people start buying houses, the home prices rise and that will put equity on people's books. There is a reason why all presidents want to put people in homes.
Whether or not the recent actions from the Fed will revive housing is another story.
But people on low wages, student loan car loan debts can afford home loans, credit card debts, medical bills for all the gadgets????thats the problem-lot of people have low salary jobs.
Quote:
Originally Posted by Finn_Jarber
There is always some spin to it, but putting people in homes is a huge plus for the economy as whole. People who buy homes, also buy furniture, appliances, electronics, lawn equipment, home improvement stuff etc, etc. Also, when people start buying houses, the home prices rise and that will put equity on people's books. There is a reason why all presidents want to put people in homes.
Whether or not the Fed's actions will revive housing is another story.
There is always some spin to it, but putting people in homes is a huge plus for the economy as whole. People who buy homes, also buy furniture, appliances, electronics, lawn equipment, home improvement stuff etc, etc. Also, when people start buying houses, the home prices rise and that will put equity on people's books. There is a reason why all presidents want to put people in homes.
Whether or not the Fed's actions will revive housing is another story.
It CAN be a plus....if wages grow proportionate to the rate of inflation. They aren't....
But people on low wages, student loan car loan debts can afford home loans, credit card debts, medical bills for all the gadgets????thats the problem-lot of people have low salary jobs.
There are also low price homes. In South Florida you can buy a condo for 35K, which is a lot cheaper than renting.
Bernanke, a GW Bush appointee, steps up to the plate. He knows the Repubs in Congress will do nothing for jobs and the Dems are limited in what Obama can do via Exec Order. So the Fed takes steps that will help with jobs. Get money into the system, get people buying things which gets Businesses to expand and hire. Best thing about the Fed action, there is no time limit. The Repubs will bluster and cry, but everybody knows why, their only desire is to keep and gain political seats. We need to see to it, that aim is not realized.
Still wanting to know why QE-1 and QE-2 we so amazing and did such wonderful things that we need a QE-3...
ANd once again, I WH has said numerous times, the PRIVATE sector is doing just FINE....now, we are bailing them out again?
Pathetic leftist talking points from the left.....no matter if bernake was appointed by bush or not, obama has kept him.....
It CAN be a plus....if wages grow proportionate to the rate of inflation. They aren't....
The affordability to own a house is much less than in a long time. Low interest rates, low home prices and low proiperty taxes makes it a very good deal.
If you save $700 per month in lower home payments, you probably won't worry so much about milk being .75 cents more expensive.
Still wanting to know why QE-1 and QE-2 we so amazing and did such wonderful things that we need a QE-3...
ANd once again, I WH has said numerous times, the PRIVATE sector is doing just FINE....now, we are bailing them out again?
Pathetic leftist talking points from the left.....no matter if bernake was appointed by bush or not, obama has kept him.....
Oh please. The Country needs jobs, this helps and will continue to help til no longer needed. Now if we can get the do nothings in Congress out of the way, Congress could help.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
