Paul Krugman economics: Deny, deny, deny!

Ricter · Mar 13, 2013

Quote from PiggyBank:

Speak for yourself. You're on a trading site, and I bet a whole bunch of people on here (definitely me) would be willing to let nature run its course. Furthermore, if the feds were sticking to the rules, they wouldn't have been meddling in this matter to begin with.

So you're a bunch of ambulance chasers. Shrug.

PiggyBank · Mar 13, 2013

Quote from Ricter:

So you're a bunch of ambulance chasers. Shrug.

it's an allegedly free market and when you speculate, you can lose (yep, investors are speculating) I don't feel a shred of guilt making money when things go to shit.. in fact my best run was in 08/early 09 after lehman blew up. Everyone has a choice, if you don't want the risk, DON'T FUCKING TAKE IT.

You on the other hand, like many others, seem to think that you don't have to pay for your mistakes, that somehow you are entitled to profit. Honestly, I don't give a fuck about the people who couldn't retire early, house is under water etc, they made mistakes and they should have to deal with it.

Ricter · Mar 13, 2013

Quote from PiggyBank:

Honestly, I don't give a fuck about the people who couldn't retire early, house is under water etc, they made mistakes and they should have to deal with it.

I realize you're referring to money renters here, but to be fair, let's remember that for every predatory loan made there is also an irresponsible borrower!

PiggyBank · Mar 13, 2013

Quote from Ricter:

I realize you're referring to money renters here, but to be fair, let's remember that for every predatory loan made there is also an irresponsible borrower!

I realize you're being sarcastic but, to be fair, you're right.

Ricter · Mar 13, 2013

Quote from PiggyBank:

I realize you're being sarcastic but, to be fair, you're right.

Lol, nice.

PiggyBank · Mar 13, 2013

Quote from Ricter:

Lol, nice.

Yeah you're right ricter. It was just the greed of the lenders that got them in that mess, had nothing to do with their own greed (borrowers). berry pickers should be living in a 300k house lol.

Tsing Tao · Mar 13, 2013

Quote from TGregg:

The real question is, when does the music stop? There are reasonable arguments that suggest Japan could hang on another 10 or even 20 (!) years. When does the fear start? Once it starts and the powers that be fail to contain it, the end will come swiftly. But it is hard to gauge that moment in advance.

I don't think so. I think Japan has a few years before a crisis erupts. In reality it is probably much less.

Tsing Tao · Mar 13, 2013

Quote from Ricter:

In my view, neither of those. Mitigation, maybe.

Mitigation is the same as manipulation. If the Fed artificially holds down interest rates and does not let the normal buy/sell market mechanisms properly rate risk, then that is manipulation. If it makes you feel better, call it mitigation. But no one in the market is fooled into believing it isn't (apart from you).

Ricter · Mar 13, 2013

Quote from PiggyBank:

Yeah you're right ricter. It was just the greed of the lenders that got them in that mess, had nothing to do with their own greed (borrowers). berry pickers should be living in a 300k house lol.

Apparently that's what the moneylenders thought.

PiggyBank · Mar 13, 2013

Quote from Ricter:

Apparently that's what the moneylenders thought.

apparently that's what the berry pickers thought as well.

Both sides fucked up, and they alone need to deal with the consequences, no one else. Let's also not forget the fair lending act bullshit.. just another case of the govt sticking its nose where it doesn't belong and turning things upside down.