tag:blogger.com,1999:blog-18675105.post5046126831558347422..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: HousingPANIC Quote of the Daybloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger43125tag:blogger.com,1999:blog-18675105.post-81289708755920370262008-07-04T03:47:00.000+01:002008-07-04T03:47:00.000+01:00Who turned us from the largest creditor to biggest...<I>Who turned us from the largest creditor to biggest debtor nation?</I><BR/><BR/>Richard Nixon. Or do you really believe the U.S. was still a net creditor during the Clinton administration? No wonder you believe in the Black Jesus.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15242021495965527552008-07-04T00:53:00.000+01:002008-07-04T00:53:00.000+01:00Peter Schiff is right.I will tell you how you can ...Peter Schiff is right.<BR/><BR/>I will tell you how you can prove that: go out of your house, knock to your neighbors doors (say 10 of them) and ask them what they think of Schiff's message.<BR/><BR/>They never heard of him.<BR/><BR/>But at some point in the future, everyone will know about Schiff. Because yes we don't make squat anymore and we think that 'air of superiority' pays back loans to foreigners.<BR/><BR/>Once your neighbors start discussing Schiff, then you can consider if his message is stale.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53282831210256752762008-07-02T06:11:00.000+01:002008-07-02T06:11:00.000+01:00What's up HPDeflation has won hands down, the effe...What's up HP<BR/><BR/>Deflation has won hands down, the effects will be taking a worldwide tour very soon! Cali. is dead and will bring everyone else down with it. Cash is King in this era!<BR/><BR/>I am finding blood in the streets in several areas of Cali. and the O.C. has joined the party.<BR/><BR/>The big bang event will happen when the Olympics are over. The chinese expansion is propped up because of the olympics and after its over... its over! Shanghai composite declines tell the whole story. They don't believe in their economy so why should we. <BR/><BR/> IcemanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-46386464461755892372008-07-02T04:46:00.000+01:002008-07-02T04:46:00.000+01:00Definitions,Maybe calling Schiff a shill was a bit...Definitions,<BR/><BR/>Maybe calling Schiff a shill was a bit harsh but I stand by the fact the guy has a product to sell and a company that he needs to keep growing. He will try to pull as much new money in as he can. He has a vested interest. So it's not fair to treat him as an unbiased source of information, by definition.<BR/><BR/>As I said earlier I like Schiff and agree with a lot of what he says. But I do remember he has something to sell, otherwise he'd be blogging and not on TV pumping his company.<BR/><BR/>-MikeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-68212519946592019632008-07-02T02:31:00.000+01:002008-07-02T02:31:00.000+01:00ohh, too bad for the intellectual-Birkenstock bari...ohh, too bad for the intellectual-Birkenstock baristas. What are they going to do now? Perhaps a career change as a Tattoo parlor receptionist, PETA janitor, or Obama's sign holder?<BR/><BR/><B>Starbucks closing 600 stores in the US<BR/><BR/>SEATTLE --Starbucks Corp. said Tuesday it will close 600 company-operated stores in the next year, up dramatically from its previous plan for 100 closures, a sign the coffee shop operator continues to struggle with the faltering U.S. economy<BR/><BR/>About 12,000 workers, or 7 percent of Starbucks' global work force, will be affected by the closings, which are expected to take place between late July and the middle of 2009</B>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-25107443017901615032008-07-02T01:32:00.000+01:002008-07-02T01:32:00.000+01:00.I only paid for two laps on this roller coaster......<BR/><BR/><BR/><BR/><BR/>I only paid for two laps on this roller coaster.....I want off!<BR/><BR/><BR/><BR/>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-19683146184065709502008-07-02T00:50:00.000+01:002008-07-02T00:50:00.000+01:00"...America did it to itself...Now they can pay th...<I>"...America did it to itself...<BR/><BR/>Now they can pay the bill.</I><BR/><BR/>AMEN, BROTHER.<BR/><BR/>Ain't democracy grand?<BR/><BR/>Be nice to us, or we'll bring it to your cuntry as well.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10756869595348477422008-07-02T00:20:00.000+01:002008-07-02T00:20:00.000+01:00michael said... "The decaying infrastructure, the ...michael said... <BR/>"The decaying infrastructure, the escalating debt, the nurturing of greed and materialism, the lack of a vision?"<BR/><BR/>unions?<BR/><BR/>: )<BR/><BR/>Anonymous said... <BR/>Well, there's a bright side to it. At least we'll get rid of those union freaks who are a drag to our country and economy. No more high school dropouts earning six figures to do a sloppy job.<BR/><BR/>Now if we could only get rid of those firemen who can't even solve an algebra problem but suck six figures from taxpayers just to be waxing the truck all day or taking pictures with fat chicks.<BR/><BR/>What a couple of douche bags. The destruction of organized labor in this country has been a goal of the PTB since before Reagan. It is all part of the same policies and plans that have destroyed US industry and our economy and is now destroying the middle-class. The lie about six-figure high school drop out union slobs is right up there with Ronnie's Cadillac driving welfare queens.<BR/><BR/>Turn off the talk radio. Do your own research. Think for yourself. Don't let Rush do it for you.<BR/><BR/>And sorry to disappoint you but union membership is up. When times get tough people remember that founding priciple of this great country of ours-United we stand, Divided we fall.<BR/><BR/>I think you both are just bitter because you bought the lie that spending four years at a state college with a C average and a marketing major was the ticket to lifestyles of the rich and famous. How's that working for you? Not to well considering how bitter you both are. Bet you're are both so pissed about it that you are in default on your student loans.<BR/><BR/>Here's a news flash- University exist to educate people not to train them to be stock brockers or middle managers. Alot of people don't realize that and all they get out of their university experience is what they put in- the bare minimum. And when they realize it is not the golden ticket to Wonka's Factory. They get bitter.<BR/><BR/>I went to University for an education and graduated Cum Laude. I joined a union because I believe in the cause of organized labor which to improve the conditions of all workers in the USA not just union members.<BR/><BR/>And guess what-I get to wake up at 4:00 AM tomorrow, make my twenty minute commute, spend my day doing a job I enjoy and am damn good at, and I get to work with I respect and enjoy working with.<BR/><BR/>Think about that when your crawling through traffic at 8:30 hoping traffic clears up, cause you want to get to your cubical on time cause there has been rumours of lay-offs.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-68995926897245028562008-07-01T22:10:00.000+01:002008-07-01T22:10:00.000+01:00Anonymous idiot 9:14,Not only don't liberals vote ...Anonymous idiot 9:14,<BR/><BR/>Not only don't liberals vote with Bush, until they took back Congress in 2006 they were kept out of meetings, conference committees, etc.<BR/><BR/>Keep with that "both parties suck" thing. That'll get you far. See, there's a magical "third way" that will give you a first rate country with all the trimmings and not ask you to pay for it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38813284913531317682008-07-01T21:41:00.000+01:002008-07-01T21:41:00.000+01:00The Chinese are the ones with the money to buy bus...<I>The Chinese are the ones with the money to buy business property right now.</I><BR/><BR/>Yep, I guess we should get into the slave child labor and counterfeit business to get wealthy like the Chinese. But the main question remains, what's up with eating with two sticks?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65041428282618295292008-07-01T21:34:00.000+01:002008-07-01T21:34:00.000+01:00Because they don't buy big-screen TVs, light-switc...<I>Because they don't buy big-screen TVs, light-switch clappers, plastic flamingos</I><BR/><BR/>Hey, lay off the pink flamingos because they're kitsch, all right?<BR/><BR/>http://en.wikipedia.org/wiki/KitschAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60760448756869722502008-07-01T21:27:00.000+01:002008-07-01T21:27:00.000+01:00Well, there's a bright side to it. At least we'll ...Well, there's a bright side to it. At least we'll get rid of those union freaks who are a drag to our country and economy. No more high school dropouts earning six figures to do a sloppy job.<BR/><BR/>Now if we could only get rid of those firemen who can't even solve an algebra problem but suck six figures from taxpayers just to be waxing the truck all day or taking pictures with fat chicks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-17979506419583409102008-07-01T21:19:00.000+01:002008-07-01T21:19:00.000+01:00Metromedia Restaurant Group - which owns Bennigan'...<B> Metromedia Restaurant Group - which owns Bennigan's Grill & Tavern, Steak & Ale and Ponderosa - has quietly put 59 of its Florida restaurants up for sale or lease. A Metromedia spokeswoman confirmed the Davie Bennigan's will close and another shut June 23 on Miami's South Dixie Highway.<BR/><BR/>Orlando Business Journal obtained a document given to real estate brokers that lists 40 Bennigan's, eight Ponderosas and 11 Steak & Ales sites statewide.</B>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-77737653850892769432008-07-01T21:14:00.000+01:002008-07-01T21:14:00.000+01:00@ BitterrenterWho instilled the intellectual sloth...@ Bitterrenter<BR/><BR/><I>Who instilled the intellectual sloth in our people that led them to seek hedonistic, selfish pleasure through acquiring "things" over all else?<BR/><BR/>Who ridiculed the liberals for preaching that there was life beyond one's own immediate gratification? </I><BR/><BR/>Hmmm...I see contradiction again. You say that liberals are sooo intelligent but then you say that they're easily manipulated by conservatives. Which one is it? Are you guys hot $hit or naive? Can't have both ways (pun intended).<BR/><BR/>As far as I remember, the liberals have been voting with Bush most of the time, from invading Iraq to eavesdropping bills.<BR/><BR/>Oh, and one more thing, are you going to tell me that all those millions of home gamblers who were trying to game the system at expense of the fellow men were only conservatives?<BR/><BR/>BTW, I was a registered democrat until last month. Now Independent. Both parties suck a$$ (pun intended again).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-28248337131269046832008-07-01T18:51:00.000+01:002008-07-01T18:51:00.000+01:00"You can see it on people's faces now as they walk..."You can see it on people's faces now as they walk the streets. Fear, resignation, despondency and perhaps soon desperation.<BR/>I have never seen it this bad. I've been noticing shops are starting to close and leave empty stores."<BR/><BR/>What part of the country are you in? Certainly not Houston. Everywhere I go, businesses are hiring.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-69083861148358754602008-07-01T18:20:00.000+01:002008-07-01T18:20:00.000+01:00I read this post on this site I believe if not ano...I read this post on this site I believe if not another one but it was an insight to the future it sounded a little obscene then but a little closer to the truth today. If you would like a good read its:<BR/>Are we headed for another great depression and interview with Elaine Meinel Supkis as written by Mike Whitney published on 5/12/07 the website would be www.dissidentvoice.org archive May 2007. <BR/>You may have your eyes opened a little wider and all this crime as predicted devaluation of the dollar as predicted. Life as you know it growing most distant as the days go by. Good Luck and God bless, get your rifles and small arms ready.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-88015051692858953242008-07-01T18:16:00.000+01:002008-07-01T18:16:00.000+01:00Mark in San Diego said... "The only "good news"...Mark in San Diego said...<BR/><BR/> "The only "good news" is that unlike 1929, this is unfolding more slowly than before"<BR/><BR/>Read the TimeLine on Wikipedia<BR/>http://tinyurl.com/6lql3l<BR/><BR/>It was slow before too... While the market "Crashed" on October 29, 1929. The market started down on September 3rd. Bumped up a bit and then started to unravel on October 24th.<BR/>It took until July 8, 1932 for the Dow Jones Industrial Average reaches its lowest level of the Great Depression, bottoming out at 41.22.<BR/><BR/>Everyone things the market crashed overnight and everyone woke up the next day to the Great Depression. Thats not how it happened back then and it won't now. However, I think it's safe to say the process has begun.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-51668007281775788892008-07-01T17:23:00.000+01:002008-07-01T17:23:00.000+01:00bitteridiot and friends keep drinking the kool-aid...bitteridiot and friends keep drinking the kool-aid from obama's toiletAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-11296336574042383892008-07-01T17:22:00.000+01:002008-07-01T17:22:00.000+01:00If Americans simply cut out the Carnival Cruises, ...If Americans simply cut out the Carnival Cruises, Disneyland for the kids, and nights out at Olive Garden, they could probably pay their bills. <BR/><BR/>Mark in San Diego has a point. In 1980 when my wife and I had just bought a new home in the Minneapolis area, cell phones and high speed internet didn't exist. Cable was mostly for rural areas and didn't cost that much. Today its not uncommon for families to be spending $200 a month on these things.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-3794948746697081282008-07-01T17:08:00.000+01:002008-07-01T17:08:00.000+01:00Brutal - but right on the money. Bitterrenter said...Brutal - but right on the money.<BR/><BR/><I><BR/> Bitterrenter said... <BR/>Hmmm. I wonder who we can blame for this turn of events? The decaying infrastructure, the escalating debt, the nurturing of greed and materialism, the lack of a vision? <BR/><BR/>Any ideas, brainstems? Well here, let me try and help you. Who turned us from the largest creditor to biggest debtor nation? Who favored tax cuts over investment in our country? Who instilled the intellectual sloth in our people that led them to seek hedonistic, selfish pleasure through acquiring "things" over all else?<BR/><BR/>Who ridiculed the liberals for preaching that there was life beyond one's own immediate gratification? Who rolled their eyes at the ideas of community and taking care of one's culture and society?<BR/><BR/>Give up, brainstems? Not surprised. IT WAS YOUR IDEOLOGICAL COUSINS. You know, the conservatives, republicans or whatever else you want to call those subhuman miscreants you elected time after time.<BR/><BR/>Now you whine. Now you wonder how it all went so wrong.<BR/><BR/>Here's to watching your kids grow up in a shabby dog-eat-dog world that you helped create. <BR/><BR/>ENJOY!<BR/></I>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-4789743943622446332008-07-01T16:54:00.000+01:002008-07-01T16:54:00.000+01:00The other day a Diner, in business for perhaps 30 ...<I>The other day a Diner, in business for perhaps 30 years, turned into a Chinese restaurant almost overnight.</I><BR/><BR/>Well, NO SURPRISE AT ALL.<BR/><BR/>The Chinese are the ones with the money to buy business property right now.<BR/><BR/>Why? Because they don't buy big-screen TVs, light-switch clappers, plastic flamingos, etc, etc. <B>They make them.</B><BR/><BR/>LIVE BELOW YOUR MEANS!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-79167272097740794772008-07-01T16:34:00.000+01:002008-07-01T16:34:00.000+01:00The only "good news" is that unlike 1929, this is ...The only "good news" is that unlike 1929, this is unfolding more slowly than before, and some people still don't see it at all. . .there is still a lot of fat in US - in both senses of the word - I toured the poor parts of San Diego yesterday (the foreclosure areas) and still saw three cars in each driveway (although there could have been three families in each house), boats in the yard, etc. If Americans simply cut out the Carnival Cruises, Disneyland for the kids, and nights out at Olive Garden, they could probably pay their bills. . .people who are working class seem to think they are upper middle class. . ."everyone can't be upper middle class" as someone said years ago. . .everyone needs a tatoo! "LIVE WITHING YOUR MEANS"Mark in San Diegohttps://www.blogger.com/profile/03416029834464582618noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-30027967826308969182008-07-01T15:58:00.000+01:002008-07-01T15:58:00.000+01:00Bush, I have no more words to describe my profound...Bush, I have no more words to describe my profound Fear and Loathing of you and your White House crew.<BR/><BR/>--------------------------------------<BR/><BR/>dude, bush just continued the failed policies of previous administrations. obama will do the same. problem is, it is really coming to a head and may burst in grand fashion under obama.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58948090030882489192008-07-01T15:56:00.000+01:002008-07-01T15:56:00.000+01:00yep. and they are printing more of their money (v...yep. and they are printing more of their money (vietnam, china, with vietname starting to really show inflation) to buy our dollars.<BR/><BR/>asia is experiencing true inflation, we are not. sure prices are going up but we have a net contraction of money AND credit in this country.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61049640597284874722008-07-01T15:50:00.000+01:002008-07-01T15:50:00.000+01:00Its true. bloggers just want to let out what the m...Its true. bloggers just want to let out what the media will not talk about. <BR/><BR/>Cheers Keith. <BR/><BR/>Enjoy an ad brewski on me.Anonymousnoreply@blogger.com