tag:blogger.com,1999:blog-18675105.post2123916546337780894..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Looks like the 3/4 point cut ain't gonna do the trick.bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger95125tag:blogger.com,1999:blog-18675105.post-27781256783036339262008-01-24T19:39:00.000+00:002008-01-24T19:39:00.000+00:00Anonymous said...wahhhh wahhhhh wahhhhhBernanke sl...<I>Anonymous said...<BR/><BR/>wahhhh wahhhhh wahhhhh<BR/>Bernanke slahed my savings account rates<BR/>waaaahhh wahhhhh wahhhh<BR/><BR/>you dipshits couldn't care less about the economy or anyone's well being. it's all about me, me, me.<BR/><BR/><BR/>DaveO said...<BR/><BR/>Listen, asshole,<BR/><BR/>How do you know he is an asshole?<BR/><BR/>having a society where people save money and only buy things that they can afford makes for a STABLE economy, which is good for EVERYONE's well being in the LONG TERM. <BR/><BR/>He didn't say it wasn't. He just said you were selfish and self-absorbed.</I><BR/><BR/>We're selfish and self-absorbed because we don't want people who were diligent with their money to suffer at the expense of the irresponsible? Because we want a better economy for our future generations? Because we don't want short-term solutions to mess up the long-term economy? How exactly are we selfish?<BR/><BR/>If you had a friend that was a cocaine addict would you say that by not giving him more cocaine, that would be selfish? It's the same thing as having a friend who foolishly spends money and doesn't save it for when they need it. By not giving them money now (i.e. a short-term fix) and forcing them to learn the harsh reality of financial prudence (long-term), that's being selfish?<BR/><BR/><I>Why the hell should we encourage financially irresponsible behavior, which hurts the economy in the LONG TERM, just to save irresponsible dimwits in the short term? <BR/><BR/>He didn't say this either.</I><BR/><BR/>By saying that we're upset that Bernanke slashed savings rates, he implied that those of us who do wish to have the fed encourage saving rather than spending are being selfish. He doesn't see the big picture, which is that encouraging saving rather than getting into unnecessary debt is better for individuals and the nation's economy in the long term.<BR/><BR/><I>I care about the economy in THE LONG TERM! And you think we're the greedy ones? <BR/><BR/>He didn't say you were greedy. He said you were selfish and self absorbed. The greedy part comes from you. Are you?</I><BR/><BR/>We're greedy because we don't want a society where people spend more than they save, encouraged by a federal reserve that refuses to put a stop to the easy-money (i.e. super-low interest rate) train? Because we discourage our society from getting into more debt when we already have too much debt to begin with? Explain how that is greedy.<BR/><BR/><I>It sounds like all you care about is band-aid solutions for those that should have known better and got way in over their head.<BR/><BR/>He didn't talk about band-aids either. You made this up.</I><BR/><BR/>The "band-aid" that I refer to is slashing interest rates to encourage people from taking on more debt. I never said that he directly talked about band-aid solutions but he implied it with his infantile "wahhhhh Bernanke slahed my savings account rates waaaahhh" comment.<BR/><BR/><I>The sooner we clean up this horrible mess, by letting bubbles (which are unsustainable ipso facto) burst quickly, the sooner we can have a good long-term economy.<BR/><BR/>Neither you nor the HP'ers aregoing to clean up any messes. Too busy in here routing for the destruction of the country.</I><BR/><BR/>Are you really that stupid? By "we", I meant our nation as a whole, not just us at HP. Encouraging a society where housing prices are commensurate with incomes (as was the case before this decade), though it will cause pain in the short term, is tantamount to "routing for the destruction of the country"? Explain how Bernanke's rate-slashing is going to help rather than hurt our country in the long-term.<BR/><BR/><I>Which would you rather encourage, a positive savings rate or a negative savings rate?<BR/><BR/>Now you have changed the subject.</I><BR/><BR/>A positive savings rate is one where people overall save more than they spend; a negative savings rate is just the opposite. Low fed rates encourage the latter. How is talking about savings rates off-topic when they are affected by the fed rates?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39724626739252532602008-01-24T16:40:00.000+00:002008-01-24T16:40:00.000+00:00What is PPT?Thanks!You know, there's that thing ca...<I>What is PPT?<BR/><BR/>Thanks!</I><BR/><BR/>You know, there's that thing called Wikipedia and "the Internets".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85505012985100583792008-01-24T06:40:00.000+00:002008-01-24T06:40:00.000+00:00Its called 700 trilion dollers worth of dirivative...Its called 700 trilion dollers worth of dirivatives that were leveraged. 700 big ones, one the roll of the bones, came up snake eyes. OHHHHHHHH fuck!!!!!!!!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6773393877251483362008-01-24T03:21:00.000+00:002008-01-24T03:21:00.000+00:00Bleak said: Welcome to the Liquidity Trap. Welcome...Bleak said: <BR/><BR/>Welcome to the Liquidity Trap. Welcome to Japan circa 1990. Enjoy your stay.<BR/>_____<BR/><BR/>Hey bleak, sounds like the Hotel California: you can check out any time you like, but you can never leave. Ha, ha!<BR/><BR/>Hey Bleak, You enjoy your stay: We'll put you in a baby high-chair, with a bib on, and some Gerber Baby Mashed Tatos and let you throw them at the TV as CNN airs Ben Bernanke emergency economy speeches!<BR/><BR/>Ha, ha!<BR/><BR/>No, Bleak, we welcome YOU to our Gerber Baby hotel of fiscal insanity!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-8717708148176340442008-01-24T02:54:00.000+00:002008-01-24T02:54:00.000+00:00The Fed has saved the day the market was up 299. ...The Fed has saved the day the market was up 299. Apple (AAPL) price target $210 all is well. Time to but stocks, gold, bonds and houses.<BR/><BR/>We are saved!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-73154240342769192832008-01-24T02:32:00.000+00:002008-01-24T02:32:00.000+00:00Congress is going to increase Fanniemae limits fro...Congress is going to increase Fanniemae limits from 417k to 800k as part of the $800 tax refund bill. Buy banks, they are getting off the hook. That's why they went to the moon today. It may not be right or fair, but if you want free money, here it is.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-81793269956554823052008-01-24T01:56:00.000+00:002008-01-24T01:56:00.000+00:00brokers make money on transactions...on days like ...brokers make money on transactions...on days like yesterday transactions go through the roof as volume soars<BR/><BR/>your friend probably made more by lunch than you will make all year<BR/>---------------<BR/><BR/>You dont know anything about me or how Much money I make. So shut your trap PUTOAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86061620767515892802008-01-24T01:51:00.000+00:002008-01-24T01:51:00.000+00:00Things have to change! Lets elect Bill Clinton aga...Things have to change! Lets elect Bill Clinton again!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36578180136117157752008-01-24T01:07:00.000+00:002008-01-24T01:07:00.000+00:00the 3/4 cut will mean diddly squat. sure, it may m...the 3/4 cut will mean diddly squat. sure, it may make a difference in the short term with more volatility (ups and downs instead of just downs) for the stock market, but the structural rot in our mortgage and financial systems does not give a hoot about this cut. with the rot of subprime, option arms, alt-a's, declining house prices, etc. we are heading into a calamity. <BR/><BR/>Don't be fooled by all those polyanna talking heads on TV. They say upbeat things for two reasons: 1) to keep ad dollars flowing...if things do tank then there's less TV advertising, which means cancellation of their shows and loss of their jobs or lower pay, and 2) most of these people trade and they can help manipulate the market...when it goes low they buy and then they pontificate on TV that things are great and help push the market up and then sell. Such a scam...but entertaining if you can read thru their bullshit.<BR/><BR/>In short, cutting interest rates in this economic environment is like building a wall of sand to stop a tsunami.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82330315749873836652008-01-24T01:02:00.000+00:002008-01-24T01:02:00.000+00:00anon 8:40post of the dayanon 8:40<BR/><BR/>post of the dayAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20748224484257969022008-01-24T00:53:00.000+00:002008-01-24T00:53:00.000+00:00Anonymous said... We can't clean up this mess till...Anonymous said... <BR/>We can't clean up this mess till we elect Ron Paul for President and every seat in congress.<BR/><BR/>January 24, 2008 12:20 AM<BR/><BR/>What mess, it sounds like you plan to wipe their ass. Good luck with that dirty job.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-42687115184580235682008-01-24T00:20:00.000+00:002008-01-24T00:20:00.000+00:00We can't clean up this mess till we elect Ron Paul...We can't clean up this mess till we elect Ron Paul for President and every seat in congress.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-81102189583519346802008-01-23T23:19:00.000+00:002008-01-23T23:19:00.000+00:00"What is PPT? Anyone."plunge protection team."What is PPT? Anyone."<BR/><BR/>plunge protection team.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-34145027044176163962008-01-23T22:44:00.000+00:002008-01-23T22:44:00.000+00:00What is PPT? Anyone.What is PPT? Anyone.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85297500103591211922008-01-23T22:21:00.000+00:002008-01-23T22:21:00.000+00:00"PPT, shameless, printing money to make the market..."PPT, shameless, printing money to make the market positive.<BR/><BR/>It's all rigged!"<BR/><BR/>Totally Agree. The FIX is in.<BR/><BR/>WE ARE DOOMEDAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32295448873124603842008-01-23T21:04:00.001+00:002008-01-23T21:04:00.001+00:00about that crash.DOPES!about that crash.<BR/><BR/>DOPES!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25168347966122609862008-01-23T21:04:00.000+00:002008-01-23T21:04:00.000+00:00Keith,I have just heard a market rumour that Mr Be...Keith,<BR/><BR/>I have just heard a market rumour that Mr Bernanke will soon leave the Fed to take up an appointment as the Finance Minister of ZIMBABWE. When asked why he would even consider going to such a basket case of a country he reportedly replied: My skills are in greater demand there.<BR/><BR/>Please let all those on this blog know if these rumours are fact or fiction.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-7194607266668665282008-01-23T20:58:00.000+00:002008-01-23T20:58:00.000+00:00PPT, shameless, printing money to make the market ...PPT, shameless, printing money to make the market positive.<BR/><BR/>It's all rigged!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20002516475158138352008-01-23T20:47:00.000+00:002008-01-23T20:47:00.000+00:003:30PM, 1-23-08Goddamned PPT interfering with mark...3:30PM, 1-23-08<BR/><BR/>Goddamned PPT interfering with markets again! Short funds are screwed, but dollar dropping and gold up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-57360967658996809822008-01-23T20:40:00.000+00:002008-01-23T20:40:00.000+00:00Anonymous said...wahhhh wahhhhh wahhhhhBernanke sl...Anonymous said...<BR/><BR/>wahhhh wahhhhh wahhhhh<BR/>Bernanke slahed my savings account rates<BR/>waaaahhh wahhhhh wahhhh<BR/><BR/> you dipshits couldn't care less about the economy or anyone's well being. it's all about me, me, me.<BR/><BR/><BR/>DaveO said...<BR/><BR/> Listen, asshole, <BR/><BR/>How do you know he is an asshole?<BR/><BR/>having a society where people save money and only buy things that they can afford makes for a STABLE economy, which is good for EVERYONE's well being in the LONG TERM. <BR/><BR/>He didn't say it wasn't. He just said you were selfish and self-absorbed.<BR/><BR/>Why the hell should we encourage financially irresponsible behavior, which hurts the economy in the LONG TERM, just to save irresponsible dimwits in the short term? <BR/><BR/>He didn't say this either.<BR/><BR/>I care about the economy in THE LONG TERM! And you think we're the greedy ones? <BR/><BR/>He didn't say you were greedy. He said you were selfish and self absorbed. The greedy part comes from you. Are you?<BR/><BR/>It sounds like all you care about is band-aid solutions for those that should have known better and got way in over their head.<BR/><BR/>He didn't talk about band-aids either. You made this up.<BR/><BR/>The sooner we clean up this horrible mess, by letting bubbles (which are unsustainable ipso facto) burst quickly, the sooner we can have a good long-term economy.<BR/><BR/>Neither you nor the HP'ers aregoing to clean up any messes. Too busy in here routing for the destruction of the country.<BR/><BR/> Which would you rather encourage, a positive savings rate or a negative savings rate?<BR/><BR/>Now you have changed the subject.<BR/><BR/>You are exactly what he said you are. Nothing more, nothing less. (You might be greedy too)<BR/><BR/>You are arguing with yourself. He just made a generic statement after reading the posts here. The blog used to be about good information from really smart people (usually under the general comment section at the top, which is now devoted to the "my dog is better than your dog party".<BR/><BR/> "We let Keith read the news of the day to us and then we feel smarter than those who didn't have Keith read them the "good parts".<BR/><BR/>Anonymous forgot to mention the "delusions of grandeur".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54980221145108522952008-01-23T20:39:00.000+00:002008-01-23T20:39:00.000+00:00What is PPT? Thanks!What is PPT? <BR/><BR/>Thanks!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74086451561246388992008-01-23T20:14:00.000+00:002008-01-23T20:14:00.000+00:00Pushing on a string....Pushing on a string....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-3835202740989442102008-01-23T20:10:00.000+00:002008-01-23T20:10:00.000+00:00Anonymous said... Right about now, I would start b...Anonymous said... <BR/>Right about now, I would start buying the dips on the oil market. It's just a matter of time before it's $150.00 per barrel. Also, gold is looking like it's set for the Moon, as "Gentle Ben" lops yet another 75 basis points off the primary rate. I would also recommend investing in bicycle manufacturer stocks, buying a good set of solar panels, and taking up gardening.<BR/><BR/>January 23, 2008 6:29 PM<BR/><BR/>You guys show no concept of reality. Oil at $150 barrel. What do you think will happen to the economy with oil at these rates?<BR/><BR/>Everything with you is in the abstract---"lets see, if everyone in Europe were to die off from the black death then housing values would have to sink"... So I am going long in housing stocks".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5189321792846645332008-01-23T20:05:00.000+00:002008-01-23T20:05:00.000+00:00They should just quit screwing around and cut to z...They should just quit screwing around and cut to zero immediately.<BR/><BR/>I mean it worked out so well for Japan.<BR/><BR/>Seriously though just get it over with already.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38278350799011359752008-01-23T19:45:00.000+00:002008-01-23T19:45:00.000+00:00YES, THANK YOU....MATCHES MY OBSERVATION; THERE IS...YES, THANK YOU....MATCHES MY OBSERVATION; THERE IS NO WAY THEY ARE WORRIED ABOUT A RECESSION; ALL THE PROPS AND BEHAVIOR INDICATE THEY ARE WORRIED ABOUT NOTHING LESS THAN A STRUCTURAL MELTDOWN OF THE FINANCIAL SYSTEM OR A DEPRESSION-<BR/>(CALL IT GREATER, SINCE IT'S GLOBAL).<BR/><BR/>I've never seen a government(s) show this kind of concern or attempt to forestall a recession, let alone throw these sums of money <BR/>at banks.Recessions are just lived through- some suffer and some don't but its nothing more than housecleaning usually...not a particularly big deal. This scale of effort was made available after 9/11, in an attempt to keep everything from going under. So-<BR/>reading between the lines I notice:<BR/><BR/>There is fear here, of something wickedly large.You can see it in<BR/>the stature of the groups gathering to announce tries at solutions:<BR/>Cabinet leaders, central bank heads, (European and American).<BR/><BR/><BR/>When what you know matches what you see, the light bulb goes on.....<BR/><BR/>They are fearing total collapse, of everything financial. We will laugh someday that we thought it was just about the roofs over our head.But probably not in the rest of my lifetime.<BR/><BR/>grandma pkkAnonymousnoreply@blogger.com