High inflation will make home prices come into equilibrium faster?

[balda]

Quote from Adobian:

Inflation at the same time with rising unemployment rate and income/wage cut spell D-I-S-A-S-T-E-R.

I hope the new president will find ways to get rid of Bernanke.

What is Bernarke's fault in todays economic situation?

raising rates will destroy economy even faster.

Fed should have cut rates way sooner and enforce strict regulations in real estate industry. Now it is too late.

 

[The Kin2]

^ Agreed. I've gained much respect for Bernanke. Hes handling Greenspan's mess like a pro. Everyone knows there is a lag time in economic policy. It is impossible that any of the disasters going on today was actually caused by Bernanke.

For example, the next president is going to have a real huge mess when Bush leaves office. Where not going to blame him for having to clean it up?

 

[scriabinop23]

Quote from TrueRange:

Agreed.

No fed stimulus or refunds will move this economy. If the govt wanted to see explosive growth and recovery from this inflationary/credit crunch situation they would cut income taxes in half and stop spending. And create tax incentives for corporations to domicile in the USA. But they are not doing these things. Instead we are moving the other direction. Things will work themselves out, they always do. But it wont happen quickly.

Interesting idea. A moratorium on 650B/yr of defense spending for 5 years, down to a 100B/yr maintenance budget. A decrease of all taxes in half for 5 years.

What would all of the out of work military and defense contractors do? something useful? like build nuclear power plants and solar infrastructure via the private sector?

 

[Adobian]

Quote from The Kin2:

^ Agreed. I've gained much respect for Bernanke. Hes handling Greenspan's mess like a pro. Everyone knows there is a lag time in economic policy. It is impossible that any of the disasters going on today was actually caused by Bernanke.

Yeah, it was the same guy who said there was adsolutely no RE bubble back in 2005.

 

[The Kin2]

Quote from Adobian:

Yeah, it was the same guy who said there was adsolutely no RE bubble back in 2005.

Yeah, so? I diddn't say there was no bubble........... I said that some markets were not in a bubble. I'm putting a contract on a bring newer construction in northwest Florida.. 3 bedroom, 2 bath, for $103,000. If anything that's below market. I will admit that these cases are RARE, but they do exist.

 

[Adobian]

Quote from The Kin2:

Yeah, so? I diddn't say there was no bubble........... I said that some markets were not in a bubble. I'm putting a contract on a bring newer construction in northwest Florida.. 3 bedroom, 2 bath, for $103,000. If anything that's below market. I will admit that these cases are RARE, but they do exist.

I meant Bernanke who said there was no bubble. I didn't mean you.