tag:blogger.com,1999:blog-18675105.post5088004602905709801..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: One day you'll understand. Most of you were part of the problem. But by the time you do get it, it'll already be too late.bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger85125tag:blogger.com,1999:blog-18675105.post-71241825257242941572008-08-20T02:41:00.000+01:002008-08-20T02:41:00.000+01:00The only things I can find that were made here in ...The only things I can find that were made here in the USA:<BR/><BR/>Budweiser beer <BR/>Guns <BR/>Ammunition <BR/>Knives <BR/>Matches<BR/>Zippo lighters.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91034460332741682008-08-02T18:38:00.000+01:002008-08-02T18:38:00.000+01:00Look at the sign of your local WalMart next time y...Look at the sign of your local WalMart next time you go by:<BR/><BR/>See the tiny RED STAR between the letters "Wal" and "Mart"? Now look at the RED and YELLOW Chinese flag: same star. And if you EVER thought about it, you no doubt thought the STAR was part of the WalMart emblem as a tribute to the "Lone Star" state? Nice thought, but WalMart is based in Arkansas, not Texas.<BR/><BR/>It's pretty clear they're paying tribute to their #1 supplier of cheap trinkets, China, the country that made the WalMart "revolution" possible.<BR/><BR/>And it's been staring everyone in the face, all these years, but Joe Six Pack was too busy being distracted with his inexpensive Chinese trinkets to put two-and-two together. When he finally loses his job, maybe he'll get it then (or NOT).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-87864286937826839762008-08-02T05:47:00.000+01:002008-08-02T05:47:00.000+01:00Simple. The UK doesn't print/create as many pounds...<I>Simple. The UK doesn't print/create as many pounds as we do dollars.</I><BR/><BR/>rrrright, the UK doesn't print money, only the US does. Sure, buddy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-61982048059908074892008-08-01T17:52:00.000+01:002008-08-01T17:52:00.000+01:00"You would have to standardize all wages World wid..."You would have to standardize all wages World wide and the cost of living would have to be the same in every country and you would have to have the same law and protections."<BR/><BR/>You are paraphrasing Karl Marx, my friend. Do you grow your own potatos, build your own car, and make your own microprocessor so you can surf the internet? Obviously, the $20k a year Idaho farm hand, the $60k a year Detroit autoworker, and the $100k a year Silicon Valley engineer make vastly different amount of money and have different levels of income, so you can't possibly match all of them at the same time. So by your logic, you can not trade with them at all!<BR/><BR/>Trade is what promotes specializations and let everyone focus on what they are good at. That's how the wealth of society is created. Likewise, differing governments make improvement of government possible through competition. Your vision of a global government equalizing everything is bound to become a nightmare.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53138436705845388472008-08-01T05:42:00.000+01:002008-08-01T05:42:00.000+01:00In response to the poster who said they didn't bla...In response to the poster who said they didn't blame the Chinese . <BR/><BR/> I can't stand that Country ,but how can you blame the Chinese for trying to uplift themselves by selling cheap products to the United States? <BR/><BR/> If the USA brings manufacturing back to home soil ,I hope it's with pollution control . Have you ever see the pollution in China ,it sucks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-71100920781219713202008-08-01T03:12:00.000+01:002008-08-01T03:12:00.000+01:00I realize that it is easy to blame corporations fo...I realize that it is easy to blame corporations for globalization and cheap rubber dogshit sold at wal mart. My view is that corporations will do whatever they can to provide a profit to shareholders.. Let's reflect on why companies try to earn a profit...<BR/><BR/>Because we invest in them to fund our retirements. Investor demands drive corporate action. How many on this board have invested for retirement 100 percent in CDs or have all of your cash in a savings acct hoping to retire..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-31927498955614227522008-08-01T00:48:00.000+01:002008-08-01T00:48:00.000+01:00Anon 9:25,You are making the same carriage-before-...Anon 9:25,<BR/><BR/>You are making the same carriage-before-the-horse mistake that Keith made. Why do you think Corporations eliminated domestic manufacturing jobs and replaced them with financial jobs instead? The government tax all corporations, but only bail out financial corporations not manufacturing corporations. How would you like playing a betting game with me, where heads I win tail you lose?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59073239799287394142008-07-31T23:29:00.000+01:002008-07-31T23:29:00.000+01:00Just watch the business news for one week and you ...Just watch the business news for one week and you will find that the talking heads talk more about global markets than they care about what is happening to the old USA . <BR/><BR/>If you gave a Corporation it's way ,it would ignore Americans starving <BR/>but than say the Business expects to make up the slack of Americans being broke by selling globally and than they would go into how well they are doing in XYZ Country .It's just shameful. <BR/><BR/>What goofs greedy people are . They <BR/>shoot themselves in the foot . Did a thought take place in the greedy pigs minds that if Americans don't have jobs they won't be able to buy their hyped up products ? They are stupid to think that they can starve the American work force,yet continue to expand ,but that's all they care about. Expansion in a WORLD of consumers .<BR/><BR/>I suppose USA Corporations think that Americans can support them by buying their stocks ,with no jobs, but that's OK because they can sell their stocks to the WORLD. Than after the investments go bad than Wall Street can insist that the poor taxpayers of the USA can pay for their losses ,when they won't even provide live-able jobs for America. <BR/><BR/>Wise up everybody . You can't have a global world economy unless all countries play by the exact same rules ,which is never going to happen .You would have to standardize all wages World wide and the cost of living would have to be the same in every country and you would have to have the same law and protections . This will never happen so it is silly for the Corporations to try to BS why they are using slave labor for production . It's greed ,G-R-E-E_DAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35820364835400093752008-07-31T22:55:00.000+01:002008-07-31T22:55:00.000+01:00American made products are in general poorly buil...American made products are in general poorly built. Most manufacturing in the US is union made. And most union members are drunk/high, unskilled pieces of human filth. I personally go out of my way to buy foreign goods knowing that "Made in America" might as well say "Piece of shit union made product". Only simpletons will buy American made products.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82352301607168216272008-07-31T22:54:00.000+01:002008-07-31T22:54:00.000+01:00Toothpaste, body wash, shampoo, grocery items, all...Toothpaste, body wash, shampoo, grocery items, all that is $2 to $3 cheaper at Walmart. Am I unpatriotic by not paying $7 for my toothpaste and the supermarket when I can get it for $4.50 at Walmart? I have a limited income. I need to save money wherever I can. People don't shop there to support China. They shop there because the supermarket, drug store, and Target (French owned?) charge so much more, and people do not have the money. Besides, my toothpaste is made in Canada and allegedly the body wash is from some country called USA. Poor people have to shop at discount stores.Miss Martyhttps://www.blogger.com/profile/14974460387697928508noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-88190273164615609972008-07-31T21:50:00.000+01:002008-07-31T21:50:00.000+01:00In Oregon, I shopped at a store called Winco as of...In Oregon, I shopped at a store called Winco as often as possible. I usually saved at least 30% overall on my regular groceries (not much of a prepackaged mix type person).Winco is employee owned, we bagged our own groceries, and we saved as I said at least 30%..yet they made a profit consistently enough to stay in business.<BR/><BR/>Now I live in suburb of Colorado. If I didn't shop the specials at major chains and fill in at Walmart, we would literally go hungry.<BR/><BR/>So what would you have me do?<BR/><BR/>Penny KAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-23128249337169028402008-07-31T21:38:00.000+01:002008-07-31T21:38:00.000+01:00The rich people takes away the job from the workin...The rich people takes away the job from the working people, and then blame them for buying cheap stuff.<BR/><BR/>If you allow me to deprive you of water, I will certainly accuse you of being dirty.<BR/><BR/>Oh well, people will buy stuff that are made in the America, if the products are of higher quality and people can afford it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50812220858671792372008-07-31T21:25:00.000+01:002008-07-31T21:25:00.000+01:00Keith, On this issue, you have put the carriage be...Keith, <BR/><BR/>On this issue, you have put the carriage before the horse ...<BR/><BR/>So who is to blame? The American people who buy cheap stuff from China, or the corporations who moved production overseas and deprived them of their middle-class decent income?<BR/><BR/>I think the blame should be on the Corporate America. In their relentless pursuit of short-term profit, and in the name of globalization, they moved the production overseas, and that impoverished the American people. <BR/><BR/>What do you expect the poor people to do? Buying expensive American-made products **without** a job that offers a decent wage?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-89753492150543810482008-07-31T20:35:00.000+01:002008-07-31T20:35:00.000+01:00"I know how that story ends."The same way the Japa..."I know how that story ends."<BR/><BR/>The same way the Japanese and Taiwan story ended? Sweet! Let it roll!<BR/><BR/>www.buyamerican.com - for those of you (most of you) too lazy to do anything for yourselves. Enjoy browsing from the comfort of your parents' basement.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55282161625032527562008-07-31T19:57:00.000+01:002008-07-31T19:57:00.000+01:00Only Americano uneducated underclass bottom-feedrs...Only Americano uneducated underclass bottom-feedrs support Wal-Mart and shop there.<BR/>Like drug addicts who keep shooting up dope, one day they wither, shrivel and keel over.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65872859956854367572008-07-31T19:00:00.000+01:002008-07-31T19:00:00.000+01:00"Good luck working for $.50/hour."50 cents an hour..."Good luck working for $.50/hour."<BR/><BR/>50 cents an hour is not all that bad when a loaf of bread cost only 5 cents, a car $200, and a house $2500. That's how much dollar was worth back 70+ years ago. That meant a car was worth 400hrs of an average manufacturing worker's labor, and a house 5000hrs. Today, the numbers are roughly 2000hrs and 20,000hrs respectively! Why such a big change? Because all the bureacrats who do not produce anything that be exchanged for cars and houses in a free market have to share the fruit of your labor; all the insiders who have connection to government bailouts have to be paid double, quintuple, octuple, a thousand fold for their government connection to loot taxpayers to bail out failing businesses. Inflation is a legal counterfeit racket: the counterfeiters and their friends steal from the actual producer without ever needing to carry out break and entry.<BR/><BR/>When the mob runs the town, the youth simply take up joining the mob as a career path instead of honest lines of work. That's why financial industry has replaced manufacturing in America.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1067193150555227602008-07-31T18:51:00.000+01:002008-07-31T18:51:00.000+01:00so where am I suppose to buy my underarm deodorant...so where am I suppose to buy my underarm deodorant. when U.S. workers were screaming buy American everbody in America complained it cost more to buy American and shipped jobs to Singapore, Bangladash, Taiwan and who knows where else. Americans were happy because it was cheaper. China soon learned that the deal was to make alot of junk sell it cheap 25 inch (tubed) tv's for 150 bucks, pants for 10 dollars, underwear buy 5 get two free (5 dollars), dollar stores galore. Then begin to buy american companies and send products with familiar American names but owned by China. So I ask again after 25 years of this where do I buy my underarm deodorant because if I buy it at the grocery store the cash still goes to China. Your WalMart analogy is a little like hating the game because you are the looser. So when American's finally agree to work for 5 bucks an hour like illegal immigrants (betcha those jobs will come flying back over here, but they never will because you can't pay the bills), grow our own food and buy some of those books (assembled in China) on living off the land we are stuck because once again where do I buy my underarm deodorant.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54208334209286434112008-07-31T18:47:00.000+01:002008-07-31T18:47:00.000+01:00Keith, the Chinese have been helped along by this ...Keith, the Chinese have been helped along by this country going back to the Nixon Administration and it was done to try to counter-balance some of the influence that the old U.S.S.R. had in that area of the world. As oil prices have increased, many manufacturers are discovering that it would be cost efficient to re-open their old US facilities and make products here as opposed to continuing to import from China. Want to try on your contrarian hat for a second? What if Wal-Mart decided to start opening manufacturing facilities in little towns to make the stuff they sell? Then they would control the product sold from manufacture to shipping to retail.<BR/><BR/>Don't forget who brought you $4 prescription drugs for many. They have a tremendous capacity for both good and evil - kind of like people.<BR/><BR/>Smug BastardAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-77763165588243045932008-07-31T18:12:00.000+01:002008-07-31T18:12:00.000+01:00"...A Burger, fries and a beer in London is $25.00...<I>"...A Burger, fries and a beer in London is $25.00 US. Try to contemplate why that is for God’s sake and how it will affect your future. If you don’t care because you don’t travel to London then you’ve missed the whole f+#*ng point..."</I><BR/><BR/>Heh.<BR/><BR/>Right to the heart of what is SO fucked-up about our society: NOBODY gives a hoot about anybody else until it is THEIR OX being gored.<BR/><BR/>Ever heard the saying "divide and conquer?"<BR/><BR/>Game. Over.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59579763023032779342008-07-31T18:01:00.000+01:002008-07-31T18:01:00.000+01:00...Walmart...socialists like Keith despise it..."W...<I>...Walmart...socialists like Keith despise it..."</I><BR/><BR/>Wall <I>Street</I>: socialists like Bush/Dodd adore that BAILOUT.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6790364322458100222008-07-31T15:51:00.000+01:002008-07-31T15:51:00.000+01:001980s: uneducated, racist Americans convinced evil...1980s: uneducated, racist Americans convinced evil Japan was taking over<BR/><BR/>1990s: uneducated racists think brown people from Mexico making $5 an hour cutting lawns will take over<BR/><BR/>2000s: uneducated racist Americans think China will take over<BR/><BR/>See a pattern there morons? Your lives are pathetic so you need a scapegoat. And it is always the foreigner, be it brown or yellow. In the 2010s the new villain will be space aliens right?<BR/><BR/>Here is what you do: get an education, get a job, stop spending 24/7 reading paranoid, white power blogs and you'll see the world ain't so bad.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24389933798310727562008-07-31T15:50:00.000+01:002008-07-31T15:50:00.000+01:00"Since you touched the subject, can anyone explain..."Since you touched the subject, can anyone explain to me what kind of BS measurement makes the United Kingdom have a currency that's 2 X the USD?"<BR/><BR/>Simple. The UK doesn't print/create as many pounds as we do dollars. <BR/><BR/>The absolute exchange rate really says nothing about the health or vitality of the economies of two countries.<BR/><BR/>The Mexican Peso is worth 10.75 yen. Does that mean that mexico is 10.75x better than japan?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10455502638986504732008-07-31T15:45:00.000+01:002008-07-31T15:45:00.000+01:00qweefster,When's the last time you bought anything...qweefster,<BR/><BR/>When's the last time you bought anything made in the USA?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12418480873004043652008-07-31T14:52:00.000+01:002008-07-31T14:52:00.000+01:00Right now, in SE Michigan, there is huge demand de...Right now, in SE Michigan, there is huge demand destruction going on. Craigslist has hundreds of posts for things for sale daily, as people just need money, and are trying to move out, for whatever reason. It isn't about the Chinese race to the bottom in terms of quality and price, it is that people just can't keep buying stuff right now and that is creating its own bottom. I have heard that the big story overseas is about the demand destruction.<BR/>Sure, the Chinese can continue to make crap, but there needs to be a market for that, and that market is drying up. So, it's going to be tough luck for the Chinese that we ran out of money, or in fact, our money is so devalued and inflated, we sort of have money, but it doesn't count for much, and it will continue to not go to them. Money won't be for stuff, it'll be for food and housing, and necessities. <BR/>There was a special on TV, CNN or one the news networks, that Chinese parents that are well to do, don't like to buy Chinese toys, as the quality is so poor. That says volumes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-57496598001398414352008-07-31T14:44:00.000+01:002008-07-31T14:44:00.000+01:00Shit in London has always and always will be outra...<I>Shit in London has always and always will be outrageously expensive. If you think this is a recent phenomenon you are truly a simpleton.</I><BR/><BR/>Since you touched the subject, can anyone explain to me what kind of BS measurement makes the United Kingdom have a currency that's 2 X the USD? Here we have an inky-dinky island that doesn't produce crap, doesn't have any natural resources, has a population of 60 million, a socialism that tax you to death, a housing bubble larger than ours, a stinky GDP of 2.2 trillion, but their Sterling is 2 X the value of the American Dollar.<BR/><BR/>Meanwhile, The US has a GDP of 14 trillion, rich in natural resources, a major commodities producer including food, huge industry and services economy, large population of consumers, one of the largest countries in the world, the biggest economy in the world, etc, etc, etc.<BR/><BR/>So what kind of BS are these Brits valuing their stupid currency on? Fish and chips? Perhaps is based on Amy Winehouse's crappy music. It's time to call BS on the valuation of the British Sterling. Oh and don't come with the "The UK is the center of Financial Services" excuse because that's not reason to have a currency 2 X the value of the American USD, especially now that financials are in the toilet.<BR/><BR/>Hell, the Germans shit on the head of Brits but their currency is still lower than the Sterling. I call BS on the Sterling.Anonymousnoreply@blogger.com