I like this line of defense âjust think how bad it would have been if they did nothingâ
GDP comes in at 5.7%?
- Thread starter Ivanovich
- Start date
I like this line of defense âjust think how bad it would have been if they did nothingâ
I believe the number...BUT....
#1 it is not sustainable
#2 if we got anything close to that the next few quarters you would see inflation like the '70's and '80's.
#3 Most of this is nothing but a snap back in inventories. Remember in the last recessions we didn't have "just in time" inventory like we do now. Co's have cut to the bone.
#4 Housing is rollong over again. My bet is we see at least one more qtr of negative growth before this is over.
ALL HAIL THE PROLETARIAT!!
#1 it is not sustainable
#2 if we got anything close to that the next few quarters you would see inflation like the '70's and '80's.
#3 Most of this is nothing but a snap back in inventories. Remember in the last recessions we didn't have "just in time" inventory like we do now. Co's have cut to the bone.
#4 Housing is rollong over again. My bet is we see at least one more qtr of negative growth before this is over.
ALL HAIL THE PROLETARIAT!!
Quote from Ivanovich:
1. No, but he's the one leaving the taxpayer on the hook for trillions in bad mortgages thanks to his mortgage buying. And I think congress sucks too, but they weren't the ones being confirmed. Banana Ben was. Congress will get theirs (I hope) in November. I am allowed to hate both Banana Ben and Congress at the same time, ya know
2. LOL! No, I've had S2007S on ignore for about 6 months now, I'm happy to say. And I should have specified that the data releases have been essentially one sided since the march 09 run up. Oddly enough.
3. That all depends on who they put in there. Hoenig would be nice. But just to oust Banana Ben would have sent a message.
A lot of poeple love pointing fingers especially when it comes to the housing situation, but the millions of people who were buying homes they couldnt afford in the first place with the hopes of putting in a new kitchen and selling it a month later for a 20% profit and repeating this as many times as possible and buying more and larger homes are the people to blame.
Quote from Arnie:
I believe the number...BUT....
#1 it is not sustainable
#2 if we got anything close to that the next few quarters you would see inflation like the '70's and '80's.
#3 Most of this is nothing but a snap back in inventories. Remember in the last recessions we didn't have "just in time" inventory like we do now. Co's have cut to the bone.
#4 Housing is rollong over again. My bet is we see at least one more qtr of negative growth before this is over.
ALL HAIL THE PROLETARIAT!!
Agree on the first three points.
I'm not saying Bernanke was the sole culprit of the housing problem. I agree with everything you said. But as a result of the government's (of which I lump in Banana Ben) actions, fiscally responsible folk like myself have to shoulder the burden for dumb jackasses who either tried to make a buck, or couldn't add up a mortgage and interest payment to realize they were in over their head.
As a result, people like myself who pay all of our bills on time and make sure we are smart about the loans we take out suffer. THAT is horseshit, and I loop Banana Ben with Timmah and Paulson and all the other yambags who are in government (which includes the senate and house).
I didn't realize I had to put a disclaimer on my original thoughts.
Quote from Kassz007:
This discussion has taken many twists and turns. A disclaimer never hurts
Ok...
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