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diceman asked:
Are we being lied to for our own good.Many economists are starting to indicate that it is just not the sub-prime factor leading to the high foreclosure rates-that the general economy-unemployment-loss of good paying jobs etc. are playing more of a part than previously considered.
Are we being lied to for our own good.Many economists are starting to indicate that it is just not the sub-prime factor leading to the high foreclosure rates-that the general economy-unemployment-loss of good paying jobs etc. are playing more of a part than previously considered.
Tags: Economists, Prime Factor, Sub Prime, Unemployment
October 15th, 2007 |
Tags: Economists, Prime Factor, Sub Prime, Unemployment
October 17th, 2007 at 8:46 pm
Home prices are dropping in a bottom-less pit.
October 19th, 2007 at 10:32 pm
if you want to make profits make flex fueled cars (cars the run on gas, methyl, and ethanol ) make an indestructible road system, drill for usa oil, create hybrid cars, don’t worry about the economy and don’t predict an economic crash cause what you predict will happen, think the opposite, the economy will boom
October 22nd, 2007 at 6:51 am
We were being lied to by politicians when they overstated our economic well being prior to this collapse. This collapse is just a correction toward underlying economic reality void of the hype. Part of this was possible because laws were passed that made it possible to trade CMOs and CDOs without any meaningful reporting, so the extent to which expansion and price appreciation was fueled by highly leveraged speculation was not something that could be determined thanks to those laws.
If you want hype, you have to look to commodity prices right now.
I’m a strong advocate of transparency: company financials should be reported accurately, who is buying what should be reported and trending analysis should be performed to determine if policy corrections are needed, and people violating the laws need to be discovered as quickly as is reasonably possible and prosecuted before they can do too much damage to our market integrity.
I am not big on thinking that if you just want something, it will happen. You have to have good information and make informed decissions, and if you don’t have good information, then you cannot make good decissions.
October 24th, 2007 at 1:30 am
First off look at the numbers as they really are. They make it sound like 48% of the people are being foreclosed on. Since 9 out of 10 are making their payments just fine, lets focus on the 1. The government has given people permission to go into foreclosure with all of their safety nets. So I will be looking at the government as much of the blame here.
October 26th, 2007 at 7:21 pm
The Bush Administration lie? That would never happen he’s a god fearing man and would never lie!
October 28th, 2007 at 12:15 pm
We are being lied to and have been for sometime now.
Take inflation, they keep it down by talking about core inflation rates, which aren’t too bad. They don’t tell you that food and energy prices were removed from statistics about core inflation.
Those of us who eat and heat know there is more to this than meets the eye.
This site offers an interesting look at ‘core’ inflation.
October 29th, 2007 at 8:13 pm
I saw a conservative bash a liberal today about the unemployment rate here in America, that it is not bad, as its only a few points off what is considered full employment.
The problem today, is not finding a job, it is finding a livable job. One that pays a decent salary so one can live the American dream.
People blame the mortgage lenders, yet lets look at the state of property taxes.
In many instances, property taxes can add a third to a half to the monthly payment. That is the single biggest thing that I realized in buying a house, because once you own that little bit of America, you’ll still have to pay the tax man till your last dying breath.
Which makes it very clear, you don’t own the land, you are only renting it with lifelong legal protection.
Then factor in insurance and it becomes even more.
The first home I bought, the property taxes were $350 a year, and insurance was about $150
The last home I was involved in, but didn’t buy (my GF did) the house payment was $1,200 a month, then factor in all the other crap and it came to $2,200 a month, a grand more. I tired to talk her out of it, but she said it was an investment in her future. Now she is upside down and has no way out. She’s stuck and now wished she had listened to me. I even told her when to sell because it was clear, the bottom was going to take a dump and in a few years, it sure as hell did.
There are ways to reduce that, but it means nationalizing certain needed industries, such as oil and communication, something we all need and something that could be used to reduce the tax burden for all Americans if it is done right. Plus, it can even be done with private industry and government working side by side. The only people who will get screwed are the speculators, share holders and fat cats who really don’t give a shiiiit about you, or America.
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Life is so simple, but we insist on making it complicated
Confucius
551 - 479 BC
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Peace
Jim
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November 1st, 2007 at 8:44 am
yes..http://www.financialsense.com/editorials/droke/2008/0519.html