tag:blogger.com,1999:blog-18675105.post3662597121923708538..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: HousingPANIC Stupid Question of the Daybloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger48125tag:blogger.com,1999:blog-18675105.post-66160008141366982902007-08-31T23:13:00.000+01:002007-08-31T23:13:00.000+01:00It doesn't matter Keith because the shadow group (...It doesn't matter Keith because the shadow group (secret society) that controls the government, arms, military, and the financial world will elect another one of their members.<BR/><BR/>It's all rigged.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-26327512900043814632007-08-31T23:10:00.000+01:002007-08-31T23:10:00.000+01:00Geez, thanks Keith for catching me by surprise wit...Geez, thanks Keith for catching me by surprise with those pictures. I went straight to the shower to wash myself with alcohol after seeing those devil foot soldiers.<BR/><BR/>Always been Independent and voting for Ron Paul this time. Wanted to vote for Gore, though.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53681228959003646272007-08-31T14:37:00.000+01:002007-08-31T14:37:00.000+01:00Banker on Crack Said...Do you have any idea what a...Banker on Crack Said...<BR/><BR/><I>Do you have any idea what a tax on the "ability to move the money" would do to this economy? Anyone considering this as a solution to the current mess does not understand investment finance.</I><BR/><BR/>I most certainly do...and I understand and practice the carry trade. There is absolutely no reason we shouldn't be able to tax earnings inside the United States...I don't care what your country of residence or your <BR/><BR/><I>So what currency are they using if not the USD? </I><BR/><BR/>Heh...multiple currencies, but if you've got any sense, you've been hiding in Euros for a while...the USD has been a good short for a while now, though, now that it's starting to really creep down, that's coming to an end. <BR/><BR/><I>Statements like yours are not even wrong - they're just empty rhetoric. The wealthy and privileged are easy targets for those playing class warfare games. </I><BR/><BR/>Pot? Meet Kettle! Dude..."class warfare" has been a lame slogan since the 30s - talk about empty rhetoric. Mitesh's link points to some excellent simple data which is the prima facia case for the existence of an Economic Aristocracy in this country. And, of course the statement's not factually wrong - I guess you don't even want to tackle that one on the merits. <BR/><BR/><I>The truth is that if even 5% of them (about 60,000 people) emigrate from the U.S. it would send our economy into a tailspin. In terms of economic impact, one Bloomberg = about 50K of Joe Sixpack. Not very egalitarian, but true.</I><BR/><BR/>No, it would not...the truth is, that those people make their money, as does the entire world, by having access to Joe Sixpack - <B>the American Consumer</B>. The end of the HELOC ATM, the focus of this blog, will spell the end of Joe Sixpack as an economic engine, for quite a while. Remove Joe Sixpack, and all those equity valuations grounded on future earnings will vanish. I do agree with you: it's not very egalitarian that the distributions of the earnings in our country are so inequitable. <BR/><BR/>Again: where will they emigrate? When UK, at the peak of Socialism in the '70s, with something like a 90% marginal tax rate, finally forced a handful of tax refugees out. Sweden did the same - that was at truly confiscatory rates. The vast majority of the top ten percent pay only 15% on the vast majority of their unsheltered earnings (and goodness knows, most are very well sheltered already) - that could easily be increased to the nominal 28% for Joe Sixpack, and you still wouldn't have a mass flight of the wealthy to tax havens.<BR/><BR/>We are about to finally reap the harvest of twenty five years of "trickle down" economics - the results of the laughable Laffer curves - by discovering our 'service economy' is a hollow, rotted-out mess. Without a consumer - the "Henry Ford" economy - there will be nowhere for the investor class to earn. This debate reminds me of Keith arguing with Greg Swann - the mold is already set, and we will start feeling the real pinch in the very near term. We will find out who's right.Scott_Rhttps://www.blogger.com/profile/10337416641945457289noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-3615320904365841342007-08-31T11:26:00.000+01:002007-08-31T11:26:00.000+01:00Neither repub nor dem nor libertarian nor green no...Neither repub nor dem nor libertarian nor green nor any of these creepy collectives ... I'm a "radical for capitalism" ... the free market liberates and provides opportunity for everyone. Overthrow (peacefully at the ballot box) the current gov - throw all the bums out (including Ron Paul).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25608905024982881082007-08-31T05:41:00.000+01:002007-08-31T05:41:00.000+01:00You can see the wealth charts here:http://tinyurl....You can see the wealth charts here:<BR/><BR/>http://tinyurl.com/y6zst6Mitesh Damaniahttps://www.blogger.com/profile/08105826492525999039noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-70463881598916259512007-08-31T05:39:00.000+01:002007-08-31T05:39:00.000+01:004) The top 1% (they pay 23% of income taxes) can l...<B>4) The top 1% (they pay 23% of income taxes) can live anywhere they choose.</B><BR/><BR/>The top 1% also owns 33.4% of the net worth of the country and 39.7% of the financial wealth, yet they pay only 23% of the taxes?????Mitesh Damaniahttps://www.blogger.com/profile/08105826492525999039noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-11711641753259987222007-08-31T04:46:00.000+01:002007-08-31T04:46:00.000+01:00The hell with both parties!These corrupt parties a...The hell with both parties!<BR/>These corrupt parties are like cults, its hard to believe people blindly follow these two religions so faithfully without thinking for themselves.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-64813938278668337582007-08-31T03:56:00.000+01:002007-08-31T03:56:00.000+01:00AWAKE and INDEPENDENTAWAKE and INDEPENDENTAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53090610371943957642007-08-31T03:01:00.000+01:002007-08-31T03:01:00.000+01:00You must be an idiot if you vote for Republican. Y...You must be an idiot if you vote for Republican. You must be a complete moron if you vote Democrat. So, what's left?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20283116205319874272007-08-31T01:42:00.000+01:002007-08-31T01:42:00.000+01:00LC: I admit I put my hand down.DK: You put your ha...LC: I admit I put my hand down.<BR/>DK: You put your hand and rubbed it on the bottom of the stall with your left hand.<BR/>LC: No. Wait a moment.<BR/>DK: And I, I’m not dumb, you can say I don’t recall…<BR/>LC: If I had turned sideways, that was the only way I could get my left hand over there.<BR/>DK: it’s not that hard for me to reach. (inaudible) it’s not that hard. I see it happen everyday out here now.<BR/>LC: (inaudible) you do. All right.<BR/>DK: I just, I just, I guess, I guess I’m gonna say I’m just disappointed in you sir. I’m just really am. I expect this from the guy that we get out of the hood. I mean, people vote for you.<BR/>LC: I’m a respectable person and I don’t do these kinds of…<BR/>DK: And (inaudible) respect right now though<BR/>LC: But I didn’t use my left hand.<BR/>DK I thought that you…<BR/>LC: I reached down with my right hand like this to pick up a piece of paper.<BR/>DK: Was your gold ring on your right hand at anytime today.<BR/>LC: Of course not, try to get it off, look at it.<BR/>DK: Okay. Then it was your left hand, I saw it with my own eyes.<BR/>LC: All right, you saw something that didn’t happen.<BR/>DK: Embarrassing, embarrassing. No wonder why we’re going down the tubes. Anything to add?<BR/>NN Uh, no<BR/>DK: Embarrassing.<BR/><BR/>http://thecaucus.blogs.nytimes.com/2007/08/30/the-craig-tape/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86981522037293186382007-08-31T00:58:00.000+01:002007-08-31T00:58:00.000+01:00MY GOD! How did Craig learn the code moves for b...MY GOD! How did Craig learn the code moves for bathroom sex at airports?!? <BR/><BR/>That guilty plea might be a problem, senator. And the arresting cop doesn't sound like a dimwit either.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39047716696133417922007-08-31T00:49:00.000+01:002007-08-31T00:49:00.000+01:00Awake for years glad to see a few friendly faces.Awake for years glad to see a few friendly faces.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-27479200012952827852007-08-30T23:52:00.000+01:002007-08-30T23:52:00.000+01:00D) anti-republican too.D) anti-republican too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91045356847259856442007-08-30T23:51:00.000+01:002007-08-30T23:51:00.000+01:00Keith, you say all politicians are worthless, aren...Keith, you say all politicians are worthless, aren't you over-generalizing? We have a messed up political system but that doesn't mean they are all incompetent and corrupt. Everyone needs to voice their opinion on their elected officials at the ballot box, and you happen to have an incumbent that really sucks and can't wait for an election then take it to protest. But in my opinion, we have some good politicians trying real hard who deserve our support.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-7380722845152600432007-08-30T23:37:00.000+01:002007-08-30T23:37:00.000+01:00Montpellier said..."The thing is, we just need to ...<B>Montpellier said...<BR/>"The thing is, we just need to tax their ability to move the money itself in and out of the US. If they want access to our markets, the money must come here...regardless of whether or not they 'live here'.<BR/>...<BR/>Yours is a far too simplistic analysis of gaming the tax system. The top 1% already have their money spread globally - they certainly aren't using us dollars as a reserve currency."</B><BR/><BR/>Do you have any idea what a tax on the "ability to move the money" would do to this economy? Anyone considering this as a solution to the current mess does not understand investment finance.<BR/><BR/>So what currency are they using if not the USD? Statements like yours are not even wrong - they're just empty rhetoric. The wealthy and privileged are easy targets for those playing class warfare games. The truth is that if even 5% of them (about 60,000 people) emigrate from the U.S. it would send our economy into a tailspin. In terms of economic impact, one Bloomberg = about 50K of Joe Sixpack. Not very egalitarian, but true.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15504442783333327602007-08-30T21:50:00.000+01:002007-08-30T21:50:00.000+01:00I'm a believer in the power of the individual.Ron ...I'm a believer in the power of the individual.<BR/><BR/>Ron Paul 2008!Rordogmahttps://www.blogger.com/profile/06675570803301338126noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54706355386714018792007-08-30T21:18:00.000+01:002007-08-30T21:18:00.000+01:00banker on crack said...4) The top 1% (they pay 23%...<B>banker on crack said...</B><BR/><BR/><I>4) The top 1% (they pay 23% of income taxes) can live anywhere they choose.<BR/><BR/>So go ahead and piss them off. They will leave this country and take their ball with them. The IRS will make up the loss by doubling taxes on the remaining 95%.<BR/><BR/>Smooth move X-Lax</I><BR/><BR/>Except that the marginal tax rates here are pretty low compared to most places 'offshore' that they'd like to live. Nevermind that moving the money offshore is much harder these days. Many do go to Switzerland already though.<BR/><BR/>The thing is, we just need to tax their ability to move the money itself in and out of the US. If they want access to our markets, the money must come here...regardless of whether or not they 'live here'. Even Bush had to close the Tyco offshore loophole. <BR/><BR/>Yours is a far too simplistic analysis of gaming the tax system. The top 1% already have their money spread globally - they certainly aren't using us dollars as a reserve currency. <BR/><BR/>Nice bit of GOP rhetoric though.Scott_Rhttps://www.blogger.com/profile/10337416641945457289noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6522942797764832952007-08-30T19:53:00.000+01:002007-08-30T19:53:00.000+01:00btw, if Hillary gets the nod, I am voting for her ...btw, if Hillary gets the nod, I am voting for her simply because all of you lemmings deserve it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74815423742144925362007-08-30T19:51:00.000+01:002007-08-30T19:51:00.000+01:00C all day long. To be a member of any political pa...C all day long. To be a member of any political party in this country means you are simply a lemming and above all else, a MORON. There is no other answer. 'So I can vote in primaries' is always my favorite reason. Comical.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-42509002979007059322007-08-30T19:50:00.000+01:002007-08-30T19:50:00.000+01:00Awake, bro.Awake, bro.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-48074355595759510662007-08-30T19:41:00.000+01:002007-08-30T19:41:00.000+01:00Anonymous said... was a Dem.then was a Rep.NOW i'm...Anonymous said... <BR/>was a Dem.<BR/><BR/>then was a Rep.<BR/><BR/>NOW i'm AWAKE>>><BR/><BR/>RON PAUL 2008 <BR/><BR/>August 30, 2007 3:42 PM <BR/><BR/>Many of us fall into this same category. Ron Paul is our best hope to stop the madness.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-41230148338859496172007-08-30T18:17:00.000+01:002007-08-30T18:17:00.000+01:00"Amen Bro! It's about time everyone figures out th...<B>"Amen Bro! It's about time everyone figures out that it's the elites of this world against the rest of us."</B><BR/><BR/>Hmmm, by elites you probably mean wealthy people who wield some influence in government. They have been around since the dawn of civilization so what makes you think anything will change in your lifetime?<BR/><BR/>And before you get out the rope and start hanging them, think about this:<BR/><BR/>1) In the U.S., the top 5% pay 57% of federal income taxes<BR/>http://tinyurl.com/2j6spu<BR/><BR/>2) The "elites" create 3 out of 4 new jobs<BR/><BR/>3) The top scientists, doctors, and entrepreneurs are in this category.<BR/><BR/>4) The top 1% (they pay 23% of income taxes) can live anywhere they choose.<BR/><BR/>So go ahead and piss them off. They will leave this country and take their ball with them. The IRS will make up the loss by doubling taxes on the remaining 95%.<BR/><BR/>Smooth move X-LaxAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91809188397339361272007-08-30T17:59:00.000+01:002007-08-30T17:59:00.000+01:00Former DemocratNow, Anti-DC politician, regardless...Former Democrat<BR/><BR/>Now, Anti-DC politician, regardless of party. Throw all the bums out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-8861446642361169472007-08-30T17:40:00.000+01:002007-08-30T17:40:00.000+01:00AwakeRON PAUL 2008Awake<BR/><BR/>RON PAUL 2008Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-83582385203358507872007-08-30T17:21:00.000+01:002007-08-30T17:21:00.000+01:00was a dem.now am awake.i dont know what to think o...was a dem.<BR/><BR/>now am awake.<BR/><BR/>i dont know what to think of the upcoming election. i have to grudgingly disagree with the earlier poster that of the 4 candidates current that are financially aware, only obama is electable. Huckabee seems to be electable. <BR/><BR/>We need an independent now.Anonymousnoreply@blogger.com