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Yet more insults because you can't make an intelligent case.
Yes, in an existing homes both the seller and the buyer are members of the general public and are therefore CONSUMERS. And there are still 6.4 million American homeowners underwater - which is FAR fewer than there used to be (thank goodness) - and YES those homeowners WANT prices to RISE - often today that's the case EVEN IF THEY INTEND TO BUY ANOTHER HOME - for the simple reason that many sellers today are babyboomers who no longer need a large home and looking for a smaller, less expensive home that's easier to heat/clean/maintain, but in order to do that they first need to be able to GET OUT FROM UNDER the home the currently own - and if they are underwater that means they want prices to RISE. NO ONE likes to lose money when they sell their home - NO ONE (even if they plan to buy another home).
Furthermore, it's clearly not good for the overall economy for prices to be sky-high, but's also not good for prices to be so low that builders can't make money (which was the case back in 2008/2009). If builders can't make money they don't build which means they don't hire and if they don't hire, workers don't have jobs. It's not that complicated a concept. "Free market" boosters like yourself should understand that.
And, gee I didn't know that money was "free" - and to think I was paying INTEREST on my mortgage all those years when I could have just had that money for "free".
Since money is "free" we should all be ROLLING IN DOUGH.
Pretty sure you are being led to slaughter like the rest of the people.
We are on the floor wrestling, while the government and the federal reserve punks us.
More stupid nonsense.
But go ahead and buy all the gold you can. I'm sure in another 30 years gold will surge once again. You might even still be alive then.
More stupid nonsense.
But go ahead and buy all the gold you can. I'm sure in another 30 years gold will surge once again. You might even still be alive then.
Ken
That is not what it says at all.
It is guaranteed that the Stock Market will never crash, as long as there is a federal reserve there to keep the big banks big.
That is not what it says at all.
It is guaranteed that the Stock Market will never crash, as long as there is a federal reserve there to keep the big banks big.
And yet the stock market crashed just 6 years ago.
What? Were there no big banks then?
Ken
Last edited by LordBalfor; 03-31-2014 at 10:40 AM..
Go look at how some of those "exotic" mortgages got set up.
There were people who indeed got "free money".
That's how the "flipping" craze took off.
You are taking the term literally, not figuratively.
Exotic mortgages and short-term flipping are NOT most people - not even close.
And I take the term literally because the users of the term had a choice of term to use. They could have used "cheap money" just as easily as "free money" but instead they choose to exaggerate.
With those computer programs running half the market and buying and selling for the big investment houses and hedge funds, yeah, it is rigged. Its all one big Ponzi scheme run on speculation and bogus money. When it crashes it will wipe out the middle class and only the Federal reserve will be left to pick up the pieces. They'll erase the debt and stabilize the markets( whats left) but it will come at a price... they'll buy federal land and mineral reserves at fire sale prices.
With those computer programs running half the market and buying and selling for the big investment houses and hedge funds, yeah, it is rigged. Its all one big Ponzi scheme run on speculation and bogus money. When it crashes it will wipe out the middle class and only the Federal reserve will be left to pick up the pieces. They'll erase the debt and stabilize the markets( whats left) but it will come at a price... they'll buy federal land and mineral reserves at fire sale prices.
HFT is raking in big bucks with even $.01 profit per share.
Somewhere near 30% of the market volume is traded off the exchange.
When we hit rock bottom, a lot of people claimed we were going to fall a lot further and that food riots etc were coming. In other words your argument is true only if people knew we were at the bottom, which did not happen. Some knew, and some didn't. Those who knew, invested in the stock market and housing, and those who didn't put their money on stocking up on guns, ammo and canned foods. I am very happy I invested wisely back in 2009.
And how many people had money after the crash? Answer - hardly anyone.
And how many people had money after the crash? Answer - hardly anyone.
If they had money to stock up on guns and ammo, then they had money, they just chose to spend it on the wrong things. Not everyone has cash reserves, but many do. Besides, not everyone got laid off, so many were able to invest a part of their pay checks.
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