jdmcwestevo
Well-Known Member
i invest in guns and ammo when the collapse comes i will be ready 
looters beware
looters beware
Dow average plunges 513, worst drop since 2008
- Thread starter MuyLocoNC
- Start date
mame
Well-Known Member
The sky is falling!
The stock market has predicted nine of the last five recessions, after all.
Jobs report was better than expected, but expect a downward revision... I bet the final numbers end up 70-80k jobs and 9.2% unemployment rather than ~120k jobs and 9.1%. Either way, the employment to population ratio is moving downwards and we're on the verge of Deflation.
The stock market has predicted nine of the last five recessions, after all.
Jobs report was better than expected, but expect a downward revision... I bet the final numbers end up 70-80k jobs and 9.2% unemployment rather than ~120k jobs and 9.1%. Either way, the employment to population ratio is moving downwards and we're on the verge of Deflation.
Charlie Ventura
Active Member
And this is exactly what Progressives do. They foist their economic BS on society and when everything fails, they just shrug their shoulders and say: "Oh well, that didn't work." Then they leave the smoldering ashes behind and look for greener pastures to destroy. Isn't this what parasites do ... move from one empty blood sucked host only to find another?
jeff f
New Member
and your suggestion is to put more money in ? just wonderingThe sky is falling!
The stock market has predicted nine of the last five recessions, after all.
Jobs report was better than expected, but expect a downward revision... I bet the final numbers end up 70-80k jobs and 9.2% unemployment rather than ~120k jobs and 9.1%. Either way, the employment to population ratio is moving downwards and we're on the verge of Deflation.
UncleBuck
Well-Known Member
it ain't just ugly here, the ugliness is worldwide right now.
we could have made a debt ceiling deal with twice the cuts and avoided a credit rating downgrade if the tea party fuckheads had accepted the modest revenue increases (corporate jets? c'mon, you fucking fucks).
but noooooooo.....
i personally do not give a shit. people will not stop wanting cannabis anytime soon. a lot of other people are taking it in the pooper, though.
we could have made a debt ceiling deal with twice the cuts and avoided a credit rating downgrade if the tea party fuckheads had accepted the modest revenue increases (corporate jets? c'mon, you fucking fucks).
but noooooooo.....
i personally do not give a shit. people will not stop wanting cannabis anytime soon. a lot of other people are taking it in the pooper, though.
sync0s
Well-Known Member
Hmmm..... (10char)The sky is falling!
The stock market has predicted nine of the last five recessions, after all.
Jobs report was better than expected, but expect a downward revision... I bet the final numbers end up 70-80k jobs and 9.2% unemployment rather than ~120k jobs and 9.1%. Either way, the employment to population ratio is moving downwards and we're on the verge of Deflation.
http://www.usatoday.com/money/economy/2011-08-05-cnbc-jobs-report_n.htm
sen.c
Active Member
Stimulis my ass, that's the dumbest shit brained idea I have ever heard. I own 3 companies and I can tell you the government wouldn't help me out so why should they step in and help a company that is failing, they are failing for a reason. Let the bastards tank, someone with money and the management skills to make it operate correctly will be there to pick it up. Just another band-aid that accomplishes nothing.
The best stimulis is hunger, let those entitlement bastards starve long enough and I bet they come around and those who don't let nature take it's course, what nature doesn't get a hard working citizen with a gun will when they protect the fruits of their labor.
The best stimulis is hunger, let those entitlement bastards starve long enough and I bet they come around and those who don't let nature take it's course, what nature doesn't get a hard working citizen with a gun will when they protect the fruits of their labor.
mame
Well-Known Member
I didn't say the jobs report was good, I said it was better than expected (and I actually expect a downward revision like always)... I watch the employment to population ratio mostly, which is down. I'll quote myself:
And yes, fiscal stimulus (or negative interest rates, defulat by inflation) are the only ways out - we're in a liquidity trap.
Charlie Ventura
Active Member
Negative interest rates? Would you please explain what you mean by that? Are you saying that with new home mortgages and car loans, the banks will be paying US to take out the loans?
mame
Well-Known Member
If interest rates are already at the zero-lower bound and you pursue further inflationary policies, say the Fed were to announce a 4% core inflation target for two years, it forces the inflation-adjusted interest rates below zero and this is supposed to pull an economy out of the dreaded liquidity trap... But of course there are risks associated with this option that makes fiscal stimulus much more appealing IMO.
On interest rates and how it'd effect the consumer... In this scenario the Fed would be charging banks to hold money on reserve; Beyond that I'm not 100% sure but I'd imagine interest rates would go UP for the average consumer because banks would want to recoupe their losses, but the important thing is that it forces banks to put their money into something rather than nothing (unless they want to hold physical bills to avoid the fees). Since interest rates are very low ATM anyway, that's not really an issue; The whole point is to force banks into investing, and investment creates economic growth and therefore jobs.
Charlie Ventura
Active Member
^^^ OK fine. But ... the mortgage rates are almost at all time lows. Programs for first time buyers are excellent. Banks ARE making real estate loans to qualified buyers. There is a real flood of inventory at bargain prices in the resale housing market. Why are those buyers not waiting in line to buy houses?
They can't get any credit becasue they have no jobs.
Any idea how many soon to be foreclosed homes the banks are letting the previous owners live in for free? Hundreds of thousands. Know why? Because to actually foreclose would be to take bad debt onto your books, further reducing your reserves. Once your reserve ratio cannot be maintained the FDIC borrows a bunch of money to take you over and begin the process of insuring peoples money. The bank ceases to exist after it is liquidated.
They don't want to give anyone credit right now, they are safer earning interest on the reserves they keep with the Fed, which by the way is quite a bit more than they can borrow from the government. So what they do is to borrow from the Fed overnight at .25% interest, buy long term bonds at 4.5% and make the extra 4%+ in profit basically on the backs of the People who ultimately pay the bond yields...the US Taxpayer.
Any idea how many soon to be foreclosed homes the banks are letting the previous owners live in for free? Hundreds of thousands. Know why? Because to actually foreclose would be to take bad debt onto your books, further reducing your reserves. Once your reserve ratio cannot be maintained the FDIC borrows a bunch of money to take you over and begin the process of insuring peoples money. The bank ceases to exist after it is liquidated.
They don't want to give anyone credit right now, they are safer earning interest on the reserves they keep with the Fed, which by the way is quite a bit more than they can borrow from the government. So what they do is to borrow from the Fed overnight at .25% interest, buy long term bonds at 4.5% and make the extra 4%+ in profit basically on the backs of the People who ultimately pay the bond yields...the US Taxpayer.
Cali chronic
Well-Known Member
Because we are tired of being taxed on every little thing with no representation. I wont buy another house unless it is cash and has land and no neighbors. (very unlikely in other words) It seems the banks like to throw anyone in a loan including next door and not care if it goes foreclosure or not.
I know they care up to the point of being insured. I am done borrowing money and financing houses. This comes from a guy who bought 5 houses in his lifetime and owned 3 at once. Who barely dumped his last one without getting hammered on credit. Now I am debating to even bother doing a tax filing as I own nothing but a car and have cash and not happy about the money being sent to the F.P.A Future Pirates of Africa in Somalia. These people on the hill are ruining America!
Charlie Ventura
Active Member
Fine, but the question was: ^^^ OK fine. But ... the mortgage rates are almost at all time lows. Programs for first time buyers are excellent. Banks ARE making real estate loans to qualified buyers. There is a real flood of inventory at bargain prices in the resale housing market. Why are those buyers not waiting in line to buy houses?
mame
Well-Known Member
It's not about housing so much as it is about getting loans to small businesses, etc... The government would NOT try to force liquidity into the housing market in this scenario, the government only forces money out of the Fed's coffers... After that the market can put the money wherever it wants pretty much.
Carne Seca
Well-Known Member
We're headed for the second Great Depression. Things are going to be really tough for everyone. Both of my parents lived through the first Depression. The stories they tell are horrifying.