09-21-2006, 07:41 PM
Buzz: How do you know how many holes are in my bowling ball? Maybe its a 5 pin bowling ball and I am a Canuck, or a lawn bowling and I am English or bocce ball an I am Italian? Is the first answer always correct? Look within young jedi... All things in time. Soon many will be against the "wall of worry" or sliding down the "slope of hope". Maybe read J. Galbraith "The Great Crash, 1929" or listen to Studs Terkel interviews on the great depression, in there it becomes apparent that everything seemed to happen so slowly it was hard to fathom what was going on.
Andrew: I feel fine, never better. Remember where the sun always shines there is usually a desert. Never, never mix drinks; scotch, bourbon or whisky should only be tempered with the finest water or served neat.
HaoleBoy: As I gaze into my ASU Jim Brock signed baseball... I see, I see Padres going all the way and also... its cloudy but De.. De..Detroit but alas it grows unclear.... no more.
Aaron: I didnt say it wouldnt hurt? It will hurt like hell. If the weather man says a hurricane is coming on Labor Day, you shouldn't keep roasting weinners at the seashore. Do people get hurt in hurricanes and economic hard times? Well, yeah. Do we blame the weather man and the economist? If we do thats just silly. I am sorry if I am your "Cassandra".
Rob L: As for the boomers. During the great depression at most 25% of the work force was unemployed for at least 6 months, now the other 75% wasn't jumping back into the market at historical lows, they were hording their dimes. Are all the boomers going to go away? No, but the impact will be greatly curtailed. I am sorry but I don't see the boomers saving the day.
Radioguy: I would wage a beer that we will be looking at 2000 maybe 1997 prices, housing and credit bust usually take a good deal of time to sort out though? Japan has had close to zero interest for how long and how has their economy recovered? How will the average home buyer get back in when wages to home values are so out of whack? I forgot we will keep importing boomers... Flippers make of 20%, ok I agree. Economics teaches that volume, cost and demand rarely move in sync. Its in generally volume of houses for sale not the median prices that shows where the line is trending. Try looking at this place: http://thehousingbubbleblog.com Its an ok site, no porn. I don't trust the beloved fed will be able to push the string all the way to the consumer loving zero%, just look at the early eighties the fed wanted to lower rates and the banks weren't going for it. Paul Volcker where are you when we need you???
Wow I never thought I would be so popular. If you would like more of my sermon send me a dollar with your name and address on it and I will deposit it directly.
Jared
An to quote our beloved econmist John Galbraith: "Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything."
Andrew: I feel fine, never better. Remember where the sun always shines there is usually a desert. Never, never mix drinks; scotch, bourbon or whisky should only be tempered with the finest water or served neat.
HaoleBoy: As I gaze into my ASU Jim Brock signed baseball... I see, I see Padres going all the way and also... its cloudy but De.. De..Detroit but alas it grows unclear.... no more.
Aaron: I didnt say it wouldnt hurt? It will hurt like hell. If the weather man says a hurricane is coming on Labor Day, you shouldn't keep roasting weinners at the seashore. Do people get hurt in hurricanes and economic hard times? Well, yeah. Do we blame the weather man and the economist? If we do thats just silly. I am sorry if I am your "Cassandra".
Rob L: As for the boomers. During the great depression at most 25% of the work force was unemployed for at least 6 months, now the other 75% wasn't jumping back into the market at historical lows, they were hording their dimes. Are all the boomers going to go away? No, but the impact will be greatly curtailed. I am sorry but I don't see the boomers saving the day.
Radioguy: I would wage a beer that we will be looking at 2000 maybe 1997 prices, housing and credit bust usually take a good deal of time to sort out though? Japan has had close to zero interest for how long and how has their economy recovered? How will the average home buyer get back in when wages to home values are so out of whack? I forgot we will keep importing boomers... Flippers make of 20%, ok I agree. Economics teaches that volume, cost and demand rarely move in sync. Its in generally volume of houses for sale not the median prices that shows where the line is trending. Try looking at this place: http://thehousingbubbleblog.com Its an ok site, no porn. I don't trust the beloved fed will be able to push the string all the way to the consumer loving zero%, just look at the early eighties the fed wanted to lower rates and the banks weren't going for it. Paul Volcker where are you when we need you???
Wow I never thought I would be so popular. If you would like more of my sermon send me a dollar with your name and address on it and I will deposit it directly.
Jared
An to quote our beloved econmist John Galbraith: "Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything."