tag:blogger.com,1999:blog-27697009.post4078063499079273129..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : Musings for the New YearJim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-27697009.post-853767307006939712011-01-09T20:34:18.844-08:002011-01-09T20:34:18.844-08:00Hi S&P
Nobody really, but when you see the me...Hi S&P<br /><br />Nobody really, but when you see the median home price jump, what you are seeing is a million dollar home selling for 300K.<br /><br />The crap starter houses don't even sell, you buy up a tad and get a real home with Government Financing.<br /><br />From statistical appearances, it looks as if housing is starting to come back. In reality, nobody is buying the starter home. The better value homes are being discounted drastically.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-21027794516987680752011-01-08T08:37:38.701-08:002011-01-08T08:37:38.701-08:00"Nationwide, expect the median price of homes..."Nationwide, expect the median price of homes to increase -- why buy a starter home when you can purchase a McMansion for 20K more ---with low interest and nothing down government financing."<br /><br />Who the heck wants a McMansion anymore?!?SurvivalAndProsperity.comhttp://www.survivalandprosperity.comnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-30569647916968340852011-01-05T14:20:47.244-08:002011-01-05T14:20:47.244-08:00The situation has now moved to a crises of confide...The situation has now moved to a crises of confidence in America!<br />Corrupt dealings, and the average Joe and Josephine are caught in the middle.<br />Jim do you remember back in the late 90's when the Chinese Prime Minister visited Washington during the Asian Crises? The guy (Deng)I think his name was left Washington beaming, a man that reportedly approached life with a poker face and never betrayed any emotion!<br />But he couldn't wipe the smile from his dial after that meeting. My guess is that he was handed the US industrial complex on a silver platter.<br />Capital knows no national loyalty, doesn't give a toss about international boundaries and will sell any or all down the gurgler for profit.<br />Your economy was given up to the competition. <br />Really when you haven't got the capacity to generate wealth to pay back debt, the hyper inflation/depression debate becomes a nonsense!!<br />Should have collapsed the whole box and dice in 2008, we would be coming out of this mess by now,<br />cheersfrakrakhttps://www.blogger.com/profile/10110027067402980842noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-51052985971428675062011-01-05T07:38:12.936-08:002011-01-05T07:38:12.936-08:00I read somewhere that Facebook has a book value of...I read somewhere that Facebook has a book value of 50 billion dollars (American). ed. Our dollar is now worth more than yours which is pretty impressive because it wasn't that long ago that it was hovering around 60 cents. Says alot about current state of economy. I guess gossip pays better than mining, manufacturing.<br /><br />robrob in nsnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-16710446872218792692011-01-03T20:35:03.208-08:002011-01-03T20:35:03.208-08:00Hi Paco Bell
Thank you for the ata boy.
I do thi...Hi Paco Bell<br /><br />Thank you for the ata boy.<br /><br />I do think that the stock market is a casino, but only because everybody that should know better, is in the market day-trading thinking that they know what they are doing. The stock market mavens always talk about the money on the sidelines waiting to get into the market and it makes me chuckle. Even during the Crash of 1929, someone owned every share of stock in the market. In order for someone to get in, someone has to get out. Its when everyone wants to get out at the same time that you have a real problem. Nobody wants to buy in.<br /><br />I don't see the banks in the stock market, when they can pick up an easy 20 to 30 percent interest on credit cards. That's where the real money is.<br /><br />Caroline may get her wish, the SEC is investigating several hedge funds.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-25647396272933447232011-01-03T20:05:54.773-08:002011-01-03T20:05:54.773-08:00Hi Anon 3:01
Glad you liked it. As for the 5 yea...Hi Anon 3:01<br /><br />Glad you liked it. As for the 5 year discrepancy, the Great Depression stated in 1926 with the Florida Hurricane and it was 1933 before it was labeled a depression. <br /><br />From studying the Great Depression, the thing that surprised me when I read the day to day news of the time, no one saw the depression until it was in the rear view mirror.<br /><br />March 6, 1933 was the start of the Bank holidays and at that point, everyone was in agreement, the economy was a mess.<br /><br />Maybe my mistake was to make the assumption that with the increased speed of communication, this depression would progress at a faster rate.<br /><br />The dots are so close together now, I don't even have to connect them. You could be right, it's going to take a tad longer, with Bernanke tinkering, trying to "save us."Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-42478413803750365142011-01-02T15:04:20.640-08:002011-01-02T15:04:20.640-08:002010: Banks use taxpayer money to drive the stock ...2010: Banks use taxpayer money to drive the stock market higher. 2011: banks are lying in wait for tha suckas to 'get back in' so they can dump and run.<br /><br />I marvel at the casino we've become.<br /><br />Thanks for the Best line so far of the New Year:<br /><br /><i><b>Thank God that we don’t have to pay for everything that Congress bought, where would we get the money?</b></i><br /><br />I also liked Caroline Baum's New Year wish for the SEC; that they might<i><b> prosecute somebody somewhere for something at sometime. </b></i><br /><br />Wishful thinking methinks.<br /><br />Happy New Year to you and yours, <br />Jim!<br /><br />Clueless NumptyPaco Bellhttp://numpty.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-20377333130227846352011-01-02T15:01:48.901-08:002011-01-02T15:01:48.901-08:00nice article, i liked many of the points you made ...nice article, i liked many of the points you made but...<br /><br />2011-2006 = 5 years and counting...<br /><br />i'm sure you will eventually be correct but im not sure i will live to see that day.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-36837296790461748972011-01-02T05:11:35.063-08:002011-01-02T05:11:35.063-08:00I thought that I might bet on.... make a speculati...I thought that I might bet on.... make a speculative investment in .....deariemenoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-86557790858511334982011-01-01T22:47:43.265-08:002011-01-01T22:47:43.265-08:00Hi Dearime
Ahh--can you re-word that in English?Hi Dearime<br /><br />Ahh--can you re-word that in English?Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-34387391642239246722011-01-01T03:52:27.718-08:002011-01-01T03:52:27.718-08:00And pray that we're not facing a new Ice Age.And pray that we're not facing a new Ice Age.deariemenoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-34641946431710375912011-01-01T03:51:52.714-08:002011-01-01T03:51:52.714-08:00I thought I might punt on Norway and Switzerland.I thought I might punt on Norway and Switzerland.deariemenoreply@blogger.com