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Your web site has about as much credibility as Al Gore's movie. It mixes a lot of facts with a lot of opinions and speculation. And displays the facts in a context that makes it impossible for one to evaluate the opinions and speculations.
It also ignores some facts:
1. If you are under water on your home mortgage, it does not matter unless you are trying to sell. Most home owners are not trying to sell.
2. People have to have a place to live. So the demand for housing will always be there.
3. Our population is increasing, so the demand for housing over time will increase.
4. Housing markets are self correcting if only our government will get out of the way.
Your web site has about as much credibility as Al Gore's movie. It mixes a lot of facts with a lot of opinions and speculation. And displays the facts in a context that makes it impossible for one to evaluate the opinions and speculations.
It also ignores some facts:
1. If you are under water on your home mortgage, it does not matter unless you are trying to sell. Most home owners are not trying to sell.
2. People have to have a place to live. So the demand for housing will always be there.
3. Our population is increasing, so the demand for housing over time will increase.
4. Housing markets are self correcting if only our government will get out of the way.
You are correct except for no 4. very few people can pay cash for a home, like it was a long time ago. Big Business and bankers control to market , all with the Government blessing. We need honest Government to stimulate the housing market. IE; make the lenders loan the money they got from the Governmnet ( You and me , the people). Wall Street has proven it can not control its self with greed and little care about the long term economy. Thats where regulations come in , and thats where a level playing field needs to be. Big Business ( Bankers) , will not control themselves for the good of the people.
You are correct except for no 4. very few people can pay cash for a home, like it was a long time ago. Big Business and bankers control to market , all with the Government blessing. We need honest Government to stimulate the housing market. IE; make the lenders loan the money they got from the Governmnet ( You and me , the people). Wall Street has proven it can not control its self with greed and little care about the long term economy. Thats where regulations come in , and thats where a level playing field needs to be. Big Business ( Bankers) , will not control themselves for the good of the people.
It's interesting that people always think that you need more government to fix the problems caused by government.
Your statement that we need government to make the bankers lend money they got from the government is quite telling. The problem is, they should never have gotten that money to begin with.
We do need controls, but we don't need government to give money to banks and we don't need government to tell banks they have to loan money. Markets will take care of that.
Housing news like this pretty much guarantees a GOP landslide in November. Things are not looking for Obama. If this continues until 2012, Obama will have no chance of relecton.
The same was said about Reagan in '82 and Republicans lost control of Congress that year. The economy improved in '83, and Reagan won 49 states in '84.
The point: There's absolutely no way to know what's going to happen in the next two years.
The same was said about Reagan in '82 and Republicans lost control of Congress that year. The economy improved in '83, and Reagan won 49 states in '84.
The point: There's absolutely no way to know what's going to happen in the next two years.
20% interest rates helped the economy improve, not Reagan's re-election. The economy is going to get worse. A LOT worse.
The same was said about Reagan in '82 and Republicans lost control of Congress that year. The economy improved in '83, and Reagan won 49 states in '84.
The point: There's absolutely no way to know what's going to happen in the next two years.
Exactly in 2005 nobody could know for sure there woiuld be a global credit crises in 2007. Any number of events could happen in the next two years that could be game changers for the economy both good and bad.
Exactly in 2005 nobody could know for sure there woiuld be a global credit crises in 2007. Any number of events could happen in the next two years that could be game changers for the economy both good and bad.
LOL any person with half a brain or didn't have cognitive dysfunction from the ivory towers predicted the credit crunch. Only CNBC, Faux business and Bloomberg pundits didn't. You listened to too much Jim Kramer my friend.
The same was said about Reagan in '82 and Republicans lost control of Congress that year. The economy improved in '83, and Reagan won 49 states in '84.
The point: There's absolutely no way to know what's going to happen in the next two years.
It's interesting that people always think that you need more government to fix the problems caused by government.
Your statement that we need government to make the bankers lend money they got from the government is quite telling. The problem is, they should never have gotten that money to begin with.
We do need controls, but we don't need government to give money to banks and we don't need government to tell banks they have to loan money. Markets will take care of that.
I was no fan of bailing them out ether. Its the regional banks that got short changed , and small business. if we are going to give money to the Banks , then we should have control of what they do with it, right or wrong. Thats all I am saying.
The biggest reason we do not have a robust economy is the lack of inflation. We need to get buying again, at all levels. Big Business has lots of cash. Small business does not. Way too much spread, Thats my level playing field.... Big Business IS buying machinery and equipment now, thats the business I am in. We are the first to see an upturn, and its happening, mostly I think because they have so much reserves and cash, and need to upgrade while interest rates are low.
In the end , the average Joe will not see improvements for a while, some never...until inflation comes back.....Bottom line , Government Controls, checks and balances , I think we agree on?
Those are meaningless comments that could be said about anybody. Also, Reagan's approval ratings were the same as Obama's at this point in his first term.
Nothing is ever certain in politics.
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