tag:blogger.com,1999:blog-18675105.post6622139670166900837..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Helicopter Ben Bernanke say the US is nowhere near stagflation. So, what do you think?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger63125tag:blogger.com,1999:blog-18675105.post-8415632353734812892008-02-29T19:51:00.000+00:002008-02-29T19:51:00.000+00:00Anonymous said... Looks like the 1970's to me a...Anonymous said...<BR/><BR/> Looks like the 1970's to me all over again, high gas/oil, big cars, big houses, high gold, food sky high, so it's time to put another Jimmy Carter in office so we can get to interest rates greater than 15% by 2012.<BR/><BR/>History lesson?<BR/><BR/>Paul Volker was the Fed Head during Carter and also Reagan. He raised interest rates to 21% and slammed on the brakes before the 70's bubble and inflation finally stopped. That is what it took to bring sanity back to the economy. Carter did not do anything. He didn't know what to do, except get on TV in his sweater and tell us we needed to quit spending. <BR/><BR/>That pissed of Merikans. How dare he tell us not to buy a new car now. Will cost more tomorrow. Bush just tells us don't worry be happy no problem. Merikans seem to do a lot better with that.<BR/><BR/>It was Paul Volker who took the bull by the horns and wrestled it to the ground. Volker is the most respected Fed Head ever. He still commands respect wherever he goes. He has guts, fortitude and morals. He makes this simpering, whining Bernanke puke look like Gollum and his magic "precious" ring.<BR/><BR/>Bernanke should be fired today, and Volker returned to raise interest rates to THE MOON and put a stop to this bullshit.<BR/><BR/>PS Volker stated a few weeks ago that the Fed had lost control. <BR/><BR/>Ya think?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-48987654557899449712008-02-29T19:38:00.000+00:002008-02-29T19:38:00.000+00:00Anonymous said... Crisis cushioned By Daniel...Anonymous said...<BR/><BR/> Crisis cushioned<BR/> By Daniel Dombey<BR/><BR/> Published: February 19 2008 02:00 | Last updated: February 19 2008 02:00<BR/><BR/> George W. Bush yesterday suggested that the war in Iraq could help the US economy, arguing that war spending had contributed to demand and cushioned the blow of the subprime mortgage crisis, writes Daniel Dombey in Washington .<BR/><BR/> The president rejected the idea that the war was an economic burden. "I think actually the spending in the war might help with jobs . . because we're buying equipment, and people are working."<BR/><BR/>------------------------------<BR/>Well, the war isn't a burden for him or his rich buddies. The whole Libertarian/conservative economic package is:<BR/><BR/>1. Cut taxes for the Rich.<BR/>2. Borrow & Spend.<BR/>3. Increase military spending and make war.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-13152797739858836582008-02-29T19:30:00.000+00:002008-02-29T19:30:00.000+00:00Anonymous bobby jones said... during the depre...Anonymous bobby jones said...<BR/><BR/> during the depression "only 30% were unemployed." while that sucks, that does imply 70% still had jobs. and a recession is not as severe.<BR/> so, I'd say it all depends what boat your in! some boats are floating while others have leaks.<BR/><BR/> Michigan and Detroit have been brushing with poverty for some time now and, for those folks, they surely see recession and perhaps little hope.<BR/><BR/> February 28, 2008 5:27 PM<BR/>==================================<BR/>I don't want to panic you bobby, but I did read recently that something like 33% of the people under 65 are no longer in the work force.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-89127183120390536262008-02-29T19:27:00.000+00:002008-02-29T19:27:00.000+00:00I think we are in StagDEflation.I think we are in StagDEflation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60657260578299952782008-02-29T08:25:00.000+00:002008-02-29T08:25:00.000+00:00Bernanke's misssing hair piece said.Yeah, and I do...Bernanke's misssing hair piece said.<BR/><BR/>Yeah, and I don't have a receding hair line!! I really don't, its called creative backing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-27178320676699968232008-02-29T06:08:00.000+00:002008-02-29T06:08:00.000+00:00Firing squad...and I volunteer!!!Firing squad...and I volunteer!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-69387149533966003462008-02-29T04:07:00.000+00:002008-02-29T04:07:00.000+00:00Deflation buddies.Consumers are unwilling to spend...Deflation buddies.<BR/><BR/>Consumers are unwilling to spend and banks are unwilling to lend.<BR/><BR/>DannyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38069591829954788622008-02-29T03:54:00.000+00:002008-02-29T03:54:00.000+00:00Cause' it's a bittersweet symphony, this life.Try ...Cause' it's a bittersweet symphony, this life.<BR/><BR/>Try to make ends meet, you're a slave to money then you die.<BR/><BR/>I'll take you down the only road I've ever been down.<BR/><BR/>You know the one that takes you to the place where all faiths meet, yeah...<BR/><BR/>I can't change my mode...I can't change...<BR/><BR/>--Bittersweet Symphony, The Verve<BR/><BR/>http://www.youtube.com/watch?v=rWfkiNmbspo&feature=relatedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-85187342630420826962008-02-29T02:27:00.000+00:002008-02-29T02:27:00.000+00:00Looks like the 1970's to me all over again, high g...Looks like the 1970's to me all over again, high gas/oil, big cars, big houses, high gold, food sky high, so it's time to put another Jimmy Carter in office so we can get to interest rates greater than 15% by 2012.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74227396018752659882008-02-29T01:32:00.000+00:002008-02-29T01:32:00.000+00:00Mark to market = To adjust value to market reality...Mark to market = <BR/><BR/>To adjust value to market reality.<BR/><BR/>Evaluate worth, and reprice.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65451979793627041322008-02-29T01:30:00.000+00:002008-02-29T01:30:00.000+00:00Ben looks a little stressed in that photo. Anybody...Ben looks a little stressed in that photo. Anybody want to venture a guess as to what he was rubbing his forehead about this time? That guy better take care of himself, because if his head is hurting now, imagine wh...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37298305371205372172008-02-29T00:12:00.000+00:002008-02-29T00:12:00.000+00:00great article... thanx for your efforts! Always l...great article... thanx for your efforts! Always love finding others with a few brain cells.<BR/>i have bookmarked you and will be checking back frequently.<BR/><BR/>if you'd like, check out my article on inflation at http://fractionalreservebanking.blogspot.com<BR/><BR/>cheers!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91791456858808149762008-02-29T00:09:00.000+00:002008-02-29T00:09:00.000+00:00If we are not in a recession, then why does the U....If we are not in a recession, then why does the U.S. Mint continue to halt production of gold coins ? Only for the simple reason that gold is rising/dollar is falling faster than they can set a market price in time for production without losing money.... -Gold BugAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39918363526761220382008-02-28T23:55:00.000+00:002008-02-28T23:55:00.000+00:00NEW YORK - For the first time in history, more tha...<I>NEW YORK - For the first time in history, more than one in every 100 American adults is in jail or prison</I><BR/><BR/>And yet, the government can't make use of those low lives to build the second Great Wall of China on the border with Mexico. Please keep in mind that the original Great Wall in China was built in the 5th Century and stretched for over 4,000 miles of hills. The US needs to build just 2,000 miles on a flat extension. Surprise, surprise, after transferring billions from taxpayer money into the pockets of the GOP cronies, now they're saying that the "Technological Fence" (nice Republican word) is not working and it was a failure. The Republican cronies are not refunding the cost to taxpayers either.<BR/><BR/>Hey but we know that the fence thing was just another ploy to fool the American sheeple; after all, some of us with a working brain know that the Corporate Fascists need more Mexican mouths to eat their hamburgers and corn, to drink their cancerous soft drinks, to eat their corn syrup and get obese to spend more money with big pharma, to buy their American crappy cars, to fund corrupt churches, to buy homes they can't afford, to fuel the housing ponzi scheme through cheap Mexican construction workers, more people to be banker's financial slaves, more poverty to make Republicans feel superior with an under cast below them which allows to point fingers and be false moralists, a tsunami of cheap and illegal labor to depress wages so the fascists can keep the profits and not pass the savings to consumers, to continue the New World Order plan of dumbing down America, to consume more oil, to buy more crap from China which benefits Neil Bush's lobby company that defends Chinese interests in Washington, etc, etc, etc.<BR/><BR/>That's why Bushco and his evil GOP love an open border and didn't do anything in the last 7 years to close it. Sorry evil Republican bootlickers working out of a desk in Washington, who sell their mothers and their children for a buck. No excuses allowed here. We had 7 years of Republican administration, Republican majority in Senate, and Republican majority in the House. The Republican majority could have fixed this problem if they wanted too. Plenty of time and resources were available. Accountability anyone?<BR/><BR/>You voted for it TWICE, so enjoy the mess you helped to create. The rest of the world hates Americans because of you. I say let's all vote for McCain and burn this mofo country down for good.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39235243116902617182008-02-28T23:07:00.000+00:002008-02-28T23:07:00.000+00:00It seems what he says is always just wishful think...It seems what he says is always just wishful thinking. He says what he "hopes" will happen, not what is likely. I see no way any self respecting economist can say we will not have "stagflation", growth is slowing, inflation is rising, the very definition of stagflation. Based on what evidence does Bernanke say this will not happen? News for you Ben, it is happening, right now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-56625586704567981782008-02-28T23:00:00.000+00:002008-02-28T23:00:00.000+00:00Hey Ron Paul followers, don't you feel a bit pisse...Hey Ron Paul followers, don't you feel a bit pissed that the GOP and the MSM just screwed you good without Vaseline, while pushing Obama and McCain down your throats? You must be feeling real good about it, huh? Now be a good sheep and play their game, go ahead and vote for the candidate that Keith and the corrupt MSM picked for you or don't vote at all, which also benefits them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49558670446430516652008-02-28T22:52:00.000+00:002008-02-28T22:52:00.000+00:00Bernanke also said months ago that the subprime me...Bernanke also said months ago that the subprime meltdown was self-contained.<BR/><BR/>And the corrupt MSM (Glen Beck, O'Reilly, Hannity, Anderson Cooper, Tim Russert, Chris Matthews, Wolf) all give Bernanke and this administration a free pass. What's important is how many times Bill Clinton said the word "I" in a speech or how Hillary laughs.<BR/><BR/>America, the biggest POS nation in the world! Fly that Made in China American flag high, while the GOP picks your pockets. Oops, $8 billion dollars just disappeared in Iraq but look over here how Hillary laughs. Do you hear it? Chris Matthews, Tim Russert, Anderson Cooper, Hannity, O'Reilly, and the retard Glen Beck is telling you to look over here, so you obey sheep.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-26933228067046655542008-02-28T22:29:00.000+00:002008-02-28T22:29:00.000+00:00This is what happens when you let maggots who were...This is what happens when you let maggots who were raised by nannies run the country. Paulson, Bernanke, Bush, their mother didn't love them, so they got no tittie milk. No they are taking it out on everyone else.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37246042146826540232008-02-28T22:22:00.000+00:002008-02-28T22:22:00.000+00:00oh gosh oh gee gas is $3 and milk is $4. only peop...oh gosh oh gee gas is $3 and milk is $4. only people who give a fuck are the wothless pieces of shit that make $10 an hour. all you supposed financial geniuses here are nothing but mcworkers without a pot to piss in.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-87001775805333447562008-02-28T22:15:00.000+00:002008-02-28T22:15:00.000+00:00Who gives a crap what Bernanke says or any other o...Who gives a crap what Bernanke says or any other one of these establishment pricks says? It's all lies and subterfuge. Everything you hear on TV, radio and everything you read in newspapers is total propaganda and diversionary noise. It's all BS. <BR/><BR/>Screw them all. Pick up your pitchforks and march on Washington. These lying, stealing scum suckers have got to go!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-4587735503105557092008-02-28T22:01:00.000+00:002008-02-28T22:01:00.000+00:00SO, Bernanke doesn't think we're anywhere near sta...SO, Bernanke doesn't think we're anywhere near stagflation. Read what he said:<BR/><BR/>"We are facing a situation where we have simultaneously a slowdown in the economy, stress in financial markets, and inflation pressures coming from these commodity prices abroad," Bernanke said.<BR/><BR/>That, fellow HP'ers IS stagflation.taterhttps://www.blogger.com/profile/01956974366787321172noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-69611089228188828282008-02-28T21:22:00.000+00:002008-02-28T21:22:00.000+00:00Ben is half right. He should have limited his sta...Ben is half right. He should have limited his statement to:<BR/>"I do not anticipate..." -period, stop.<BR/><BR/>lol I just don't anticipate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33903147548294251472008-02-28T21:20:00.000+00:002008-02-28T21:20:00.000+00:00Dont worry, be happy, your friend Barak Hussein wi...Dont worry, be happy, your friend Barak Hussein will fix everything.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1900361619928193492008-02-28T21:15:00.000+00:002008-02-28T21:15:00.000+00:00Keith, Do you not understand that undollar assets ...Keith, <BR/>Do you not understand that undollar assets are going to scream higher. You can have deflation in certain assets while at the same time hyper inflation in commodities like food, etc. All you HPrs who have been calling for a top in gold are being steamrolled. Monetary inflation always leads to "price" inflation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22248124263929645342008-02-28T20:34:00.000+00:002008-02-28T20:34:00.000+00:00Of course he doesn't fear stagflation. He knows da...Of course he doesn't fear stagflation. He knows damn well we are headed for a hyperinflationary blowoff followed by a depression.Anonymousnoreply@blogger.com