tag:blogger.com,1999:blog-18675105.post5004051819868911304..comments2024-01-15T12:16:41.302+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: FLASH: UK central banker comes clean: Admits causing housing bubble for short-term gain, leaves financial catastrophe for others to deal withbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-18675105.post-50745673204786958142007-03-23T01:21:00.000+00:002007-03-23T01:21:00.000+00:00think Walmart, think walmartization of banking had...think Walmart, think walmartization of banking had occurred long time ago, a non sustainable system that thrives on unprecedented wealth accumulation that then gets vacuumed up to the top, and nothing to show for it down the lane (down the drain?); the after is devastation and financial ruin, whereas the before is ignorance, greed, naivete and the superlative of sheepness.<BR/>Globalization is us!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75981753474842530812007-03-22T16:24:00.000+00:002007-03-22T16:24:00.000+00:00Would someone ask Ben if it hurts very much when y...Would someone ask Ben if it hurts very much when you've got your tit in a wringer?<BR/><BR/>Smug BastardAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-88921204588589622632007-03-22T14:43:00.000+00:002007-03-22T14:43:00.000+00:00All Roads lead to Inflation. Got Gold?All Roads lead to Inflation. Got Gold?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-88330196293229452042007-03-22T13:51:00.000+00:002007-03-22T13:51:00.000+00:00It'd have been cool if the record low interest rat...It'd have been cool if the record low interest rates were used to start innovative businesses, that created value and efficiency, rather than just bidding up the price of housing to ridiculous levels.Anonymoushttps://www.blogger.com/profile/05337047379163192512noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-63247032900616182192007-03-22T04:32:00.000+00:002007-03-22T04:32:00.000+00:00china will take indian land in return for its prod...china will take indian land in return for its products, vrs 5% short term or 4% long???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-11393365838544823092007-03-22T04:24:00.000+00:002007-03-22T04:24:00.000+00:00This whole friggin mess dates back to the 1930s wh...This whole friggin mess dates back to the 1930s when Lord Maynard Keynes proposed his general economic theory that government deficits could exceed government income to help smooth out the economy. The politicians adopted that theory whole hog but they totally ignored the flip side of that theory which states that in good economic times the budget should be in surplus to build up funds that could be used during the next period when the economy was in trouble. A small deficit can be tolerated but these clowns fail to understand that the higher the deficit, the higher the rate of inflation. Since inflation is by definition related to price increases caused by the creation of an excessive amount of money the deficits cause an increase in inflation. <BR/><BR/>A college Freshman Course in Economics 101 using the Austrian School used to teach this as a matter of basic knowledge. With the modern College system and all of the liberal wacko professors, graduate courses in economics probably do not adequately teach this concept. I got my economics education at a small state university in the midwest in the early 70s and it has served me well. I never earned over $70k per year, raised 6 kids, helped 3 of them graduate from 4 year college programs and my new house is paid for with money in the bank without my wife having to work after we got married. <BR/><BR/>I suspected that these policies would eventially result in a major recession or depression and could not believe that the beloved Chairman could be that stupid to not recognize what would happen. He took the easy political route to defer the problems until after the next election. The chickens are coming home to roost and there is no solution.<BR/><BR/>Do you know how to tell when a politician is lying? His or her lips are moving. The mainstream media is losing so much credibility by ignoring these major problems with endless coverage of Anna Nicole Smith, O J Simpson years ago and other major wastes of the airwaves. Some predicted a civil war starting in 2007. I wondered how and why it would start. Lets see now, mass foreclosures of people from their homes, illegal immigration, the export of jobs overseas, stagnant wages for all but the upper 10 per cent, high taxes, illegal wars, hushing up the problems caused by peak oil etc. etc. etc.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-83147478940488636182007-03-22T03:06:00.000+00:002007-03-22T03:06:00.000+00:00Anonymous said... People are deluded if they think...Anonymous said... <BR/>People are deluded if they think China needs us as much as we need them.<BR/><BR/>We are rapidly approaching the point where we are more trouble to China than we are worth.<BR/><BR/>Things are shifting. <BR/><BR/><BR/>----------------------------------<BR/><BR/><BR/>video: shift happens<BR/><BR/>http://tinyurl.com/2eaozx<BR/><BR/>The chinese don't need us!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58071648697068942342007-03-22T03:01:00.000+00:002007-03-22T03:01:00.000+00:00Bankers fall over each other lending until they've...Bankers fall over each other lending until they've reached the bottom of the debtor barrel and then go broke; then, they turn to the central banks to bail them out with cheap or free (in real terms) credit, which debases the currency, causes energy prices to spike, and the US military to go to war to defend the imperial oil supplies and shipping lanes. <BR/><BR/>The central bankers' mischief reflates the financial system's assets to start the bubble cycle all over again. <BR/><BR/>And it is said that the Fed's "enlightened policies" have led to less volatility of booms and busts than in the past. Over the past 32-36 years that the US$ has floated and the Fed has been hyper-interventionist, the US economy has experienced 3 wars, 4 (and soon 5) big recessions and housing busts, 4 oil spikes with oil tripling and quadrupling in price, 3 US$ crashes, and 3 of the worst stock market crashes in US history.<BR/><BR/>Thank goodness we had the Fed to save us! Good grief!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36523056771647186442007-03-22T00:50:00.000+00:002007-03-22T00:50:00.000+00:00keith said... At least they didn't cut rates today...keith said... <BR/>At least they didn't cut rates today.. then we'd know who was running the fed<BR/><BR/>I think they're clueless on what to do and what to say in regards to The Great Unwinding. Except I doubt Greenspan's number is on Bernanke's speed-dial tonight <BR/><BR/>March 21, 2007 10:58 PM <BR/>-----------<BR/><BR/>+1, Keith! <BR/><BR/>They re damned if they do, damned if they don't.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22497411128997402992007-03-22T00:25:00.000+00:002007-03-22T00:25:00.000+00:00The Fed will start lowering rates soon. They do n...The Fed will start lowering rates soon. They do not care about inflation, they MUST print in order to lessen the massive debt bubbles they have created. <BR/><BR/>Never underestimate the power of the Fed to devalue the currency. People say look at bonds, the rates are low and therefore the market is not forcasting inflation. They do not realize that all rates along the curve are constantly manipulated lower by the Fed.<BR/><BR/>It would not surprize me to see a resurgence in housing soon. The Fed will lower as much as they need to (remember 1%) to prevent the bubble from busting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-45627247493697212802007-03-21T23:02:00.000+00:002007-03-21T23:02:00.000+00:00Most central bankers are clueless. They are doing...Most central bankers are clueless. They are doing the only things they can and their options are limited.<BR/><BR/>This is according to plan. The true elite has political and economic change as their goals. Consolidation of power. I don't think the US Constitution is going to survive.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-78085807006141789602007-03-21T23:00:00.000+00:002007-03-21T23:00:00.000+00:00A large number of those central bankers are as Kei...A large number of those central bankers are as Keith describes: clueless, short-sighted, and morally questionable.<BR/><BR/>The problem is there is a small group of central bankers who are actively orchestrating events.<BR/><BR/>It is nothing less than warfare between the very top elite and the masses. The elite's goal is to maximize their control and power.<BR/><BR/>The more you learn and look, the more apparent there has been a small, powerful group of people who use central banks and media to herd the masses.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-72862899077910299602007-03-21T22:58:00.000+00:002007-03-21T22:58:00.000+00:00At least they didn't cut rates today.. then we'd k...At least they didn't cut rates today.. then we'd know who was running the fed<BR/><BR/>I think they're clueless on what to do and what to say in regards to The Great Unwinding. Except I doubt Greenspan's number is on Bernanke's speed-dial tonightbloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75296262225628163862007-03-21T22:57:00.000+00:002007-03-21T22:57:00.000+00:00People are deluded if they think China needs us as...People are deluded if they think China needs us as much as we need them.<BR/><BR/>We are rapidly approaching the point where we are more trouble to China than we are worth.<BR/><BR/>Things are shifting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-18747778460905354462007-03-21T21:42:00.000+00:002007-03-21T21:42:00.000+00:00The only arguement against lowering rates is the d...<I>The only arguement against lowering rates is the dollar sinking and causing foriegn investment to dry up (the foreign investment that finances our deficits). The oriental people think long term. China could care less if it a gets a lower rate of return for 10 years. It will still buy our debt. <BR/></I><BR/><BR/>You do know, don't you, that China is actively trying to build up its own internal market? When that happens, China no longer needs the US as much.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82941044769491460662007-03-21T21:21:00.000+00:002007-03-21T21:21:00.000+00:00As of this date 03/21/2007 the Fed announced no in...As of this date 03/21/2007 the Fed announced no interest rate hike!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37956108242160276062007-03-21T20:54:00.000+00:002007-03-21T20:54:00.000+00:00Greenspan's Fed did the same thing. Money (ha-ha!)...Greenspan's Fed did the same thing. Money (ha-ha!) quote from Board of Governors of the Federal Reserve System, "<A HREF="http://www.federalreserve.gov/pubs/ifdp/2005/841/ifdp841.pdf" REL="nofollow">International Finance Discussion Papers, Number 841, House Prices and Monetary Policy: A Cross-Country Study</A>", <I>Federal Reserve Board</I>, September 2005:<BR/><BR/>"Like other asset prices, house prices are influenced by interest rates, and in some countries, the housing market is a key channel of monetary policy transmission."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1619144961087824982007-03-21T20:51:00.000+00:002007-03-21T20:51:00.000+00:00Well we still have the Beatles.Well we still have the Beatles.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12217045619992396692007-03-21T20:22:00.000+00:002007-03-21T20:22:00.000+00:00B*stardB*stardAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25947717824675980802007-03-21T19:46:00.000+00:002007-03-21T19:46:00.000+00:00Bernanke & Co. keep key rate at 5.25%, say economy...Bernanke & Co. keep key rate at 5.25%, say economy expanding despite housing woesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25586240993575924942007-03-21T18:55:00.000+00:002007-03-21T18:55:00.000+00:00people don't seem to understand that a system base...people don't seem to understand that a system based on usuary and debt will ultimately fail.<BR/><BR/>the nytime was stumping for debt today with the suggestive headline, "Once Again, Debt Is Miscast as the Villain. [<A HREF="http://www.nytimes.com/2007/03/21/business/21leonhardt.html?_r=1&adxnnl=1&oref=slogin&adxnnlx=1174503262-IxNOCgA17cK7R4HjajK4iQ" REL="nofollow">Read It</A>]Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20211977015841196352007-03-21T18:47:00.000+00:002007-03-21T18:47:00.000+00:00Keith,You need to start a topic on whether or not ...Keith,<BR/><BR/>You need to start a topic on whether or not the FED will lower rates.<BR/><BR/>Qs:<BR/>1) What is the only thing that can save a complete housing meltdown? <BR/><BR/>2) Will the government allow the meltdown to reach nuclear?<BR/><BR/>Answers, <BR/>1) Lowering rates and ordering Fannie and Freddie to lower their lending guidlines. No matter how bad it gets for private lenders Fannie can hide losses and shinnanigans forever.<BR/><BR/>2) No, the GOV. simply cannot allow the housing collapse to reach the point that common sense dictates it should.<BR/><BR/>The only arguement against lowering rates is the dollar sinking and causing foriegn investment to dry up (the foreign investment that finances our deficits). The oriental people think long term. China could care less if it a gets a lower rate of return for 10 years. It will still buy our debt. <BR/><BR/>China's choices:<BR/><BR/>1) Get just 1% on treasuries but still sell US consumers $trillions in trinkets, keeping the Chinese economy humming.<BR/><BR/>2) Refuse to accept a lower rate of return and stop buying US debt. The result is a US recession, US consumer buys less China junk and China's economic miracle grinds to a halt. <BR/><BR/>Its Undeniable that they will lower rates to prop up housing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-62588632821813952822007-03-21T18:09:00.000+00:002007-03-21T18:09:00.000+00:00Depression comingDepression comingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-16436200810880504722007-03-21T17:09:00.000+00:002007-03-21T17:09:00.000+00:00Keith they're not incompetent. All is going accor...Keith they're not incompetent. All is going according to plan, this is just another chapter of "rowing" the economy and collecting more wealth and real assets from the sheeple masses. <BR/><BR/>More serfs and more billions for billionaires incoming!<BR/><BR/>http://www.themoneymasters.com/<BR/><BR/>Get this dvd and watch it, its low key and full of great history info (and no I have no affiliation, I just happened to get it and was blown away.)RipeDurianhttps://www.blogger.com/profile/02950206995583010041noreply@blogger.com