Once in a Lifetime - American Consumers' Dealers No Longer Dealing Dope (Credit)?

[gnome]

Quote from trendlover:

Quote from ByLoSellHi:

"... maybe the savers who still have no debt and some cash, they will be the ones to buy homes that are depreciating. They have the good credit, they have some moneys to work with. What is uncertain is how low some homes will fall. What are they worth? But those that saved and did not play the debt game, will maybe be the ones who will flush out the toxins like you say, and make the stagnant housing market move again...but on a lower price scale. In this way, the savers will capitalize on the mistakes of the banks who made liars loan, and capitalize on the people who took too much equity from their homes and spent it all, and could not pay it back.

That's how it SHOULD work and would work if the Powers allowed capitalism to work. But in our state of Economic Facism, those responsible folks you mentioned will have their assets confiscated to prevent the "flushing out of toxins"... and they won't have any money (or buying power) either when the dusts settles.

 

[makloda]

Quote from sprstpd:
What about Fannie/Freddie? You cannot argue they got what was coming to them if the government bends over backward to bail them out because they cried for mommy.

You are convinced that the current correction in commodities implies the bull run in them is over? We will see.

FRE and FNM shareholders lost 90% of their capital. Is Bernanke giving shareholders their money back? I didn't think so.

Regarding commodities, I have no idea if the bull market is over. I'd think a lot depends on how badly India, China and other emerging markets will suffer from tighter global credit. My point was that the institutional money that was poured into commodity linked indexes and swaps is now reeling as their inflation fears are turning into deflation horrors. Many investors looking for 'diversification from crashing equities' and 'a Bernanke-hedge' against 'Fed induced rampant global inflation' got pummeled.

 

[trendlover]

Quote from gnome:

That's how it SHOULD work and would work if the Powers allowed capitalism to work. But in our state of Economic Facism, those responsible folks you mentioned will have their assets confiscated to prevent the "flushing out of toxins"... and they won't have any money (or buying power) either when the dusts settles.

Gnome, I do not understand how the moneys of people who saved is confiscated, and they have no buying power. I am not debating you. I want to understand how you think this will happen. Do you mean becasue the USDollar is worth less because of bad money mistakes of some, so people who saved actually have less worth than they thought they had?
If so, if this is what you are saying, then buying a depreciated asset would balance this...yes?

 

[stevegee58]

Quote from ByLoSellHi:

And you may find yourself behind the wheel of a large automobile
And you may find yourself in a beautiful house, with a beautiful wife
And you may ask yourself-Well...How did I get here?

And you may ask yourself
Where is that large automobile?
And you may tell yourself
This is not my beautiful house!
And you may tell yourself
This is not my beautiful wife!

-Talking Heads, David Byrne lyrics to Once in a Lifetime

As long as we're quoting Talking Heads:

...And you may find yourself living in a shotgun shack...

 

[sprstpd]

Quote from makloda:

FRE and FNM shareholders lost 90% of their capital. Is Bernanke giving shareholders their money back? I didn't think so.

FRE and FNM should be both bankrupt and the government is specifically bailing out the shareholders of these two idiotic "corporations." So although you have a point, the shares should be at $0 - so I have my point.

And whoever thinks deflation is a problem is just not in touch with the reality that I am experiencing. We can talk about deflation when food prices actually go down or when healthcare costs diminish. Housing is deflating because it was a bubble, but in general I do not see the case for deflation when the Fed continues to keep interest rates artificially low.

 

[thesharpone]

Quote from m1k4:

Russia is currently the most powerful country military wise

Pootey just took a piss on W 10 days ago

yes it does show some balance of power

but I assume US is still stronger than Russia military wise

I do think Russia is trying to alter america's economy, and they have a good chance of succeeding, mainly because american's aren't as smart as they think they are, and aren't half as smart as Russians

 

[thesharpone]

Quote from m1k4:

Russia is currently the most powerful country military wise

Pootey just took a piss on W 10 days ago

"Empty words." That's how Moscow glibly dismissed NATO's criticism yesterday of Russia's continued occupation of Georgia.

http://online.wsj.com/article/SB121918982921755027.html?mod=googlenews_wsj

though not glibly

for 5 years the west couldn't stop a little bitch like iran, europe just talks and talks, actually talks too much

why would you expect a different response from russia

not just russia, everyone can see that the west's warnings are just BS talk, if a little fuck like iran can play with europe like that, I wonder what russia can do to those gay weasels?!

ps - stupid people suck, they are easily replaceable