As demand declines, risk of deflation rises
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#1 Nov 1, 2008
We can thank the President of the United States Mr. Bush for lowering our standars on lending.
He fired the regulators that over saw our lending practices and allowed lending to people who are Illegal and people who didnt qualify without the proper paper work.
This is all planned by the world leaders and our lousy President.
#2 Nov 1, 2008
They don't mind deflating salaries or outsourcing jobs, so maybe that's just what we need...some deflated prices so struggling families can put put food on the table, gas in the car, pay medical bills and rent.
Higher costs for everything have risen far faster than earnings since the bad old days of Ronnie Reagan and his wrong-headed trickle down, which only trickled up. Time for the little guy to catch a price break.
Things will turn around and they know it. Don't let them scare you with deflation doom and gloom.
#3 Nov 1, 2008
This won't happen if they just let the market take care of the excesses in Real Estate. Stop trying to put a floor on prices. Stop trying to save people who cannot afford the house in the first place. These prices were artificially inflated by Wall Street and banks giving money away. Those of us who knew we could not afford it at these prices are waiting for housing prices to drop to a realistic price. What good is it if the government puts a floor on the real estate prices but people cannot afford to purchase at that price? You saved foreclosures but the owners cannot afford to buy anything because their paying the mortgage. With less real estate transactions, there will be less Real Estate related jobs. When prices come down to a realistic level then people can buy and also spend because they are no longer just paying a mortgage. There are many of us who are just sitting on the sidelines. But we are not willing to live our lives just to pay a mortgage. When we buy a house, we want to be able to renovate, purchase appliances, new TV's, and many more.
THE FREE MARKET PUSHED PRICES UP WITH EXCESS FREE MONEY. NOW LET THE FREE MARKET PUSH PRICES DOWN WITHOUT THE EXCESS FREE MONEY.
Otherwise, we will live in stagnation. Remember, America is a debtor nation. Not a Rich Nation. At less in this point of history.
#4 Nov 1, 2008
interest rates can go to ZERO, and if there are no borrowers...it's pointless. This is a desperate attempt to kick-start the economy...just like the phony stimulus checks!
My 3 year old daughter could tell you that its simple economics 101...supply/demand! We have TOO MANY illegal aliens, too many millions of H1B Visa holders, and too many anchor babies!
Insourcing and outsourcing has lowered wages and caused millions of jobs to evaporate! Just what are we supposed to do with an excess of 30M illegal aliens and their familes??? We don't even have enough jobs for our own!
We need to bring the gov. to it's knees by stopping all unnecessary consumer spending! Only in this way will they do something about job losses! Millions of illegals were deported during the depression and this is what we need to do NOW!
The Gov. has forced us into debt...we are now ALL indentured servants! We need to teach them a lesson...STOP SPENDING! Revolt!
#5 Nov 1, 2008
Setag, you glorious idiot! The sub-prime loans and investment mess was started by Jimmy Carter and formally institutionalized by Bill Clinton; ACORN through intimidation and liberal court support forced these down even responsible lenders throats; promoted and acclaimed by the liberal MSM as great social equalizers; assured by Congress and the regulators of the value and quality of these debts Wall Street built many massive debt financed plans around them; Bush I and Reagan didnt promote but equally importantly failed to kill them; Bush II and John McCain openly warned about these poor quality loans and lousy investments only to shouted down by fellow congress-critters and not covered by the MSM (as inadequate but sadly visionary as those warning proved to be); corrective legislation was ridiculed and killed by Harry, Nancy, Barney & company; and now you get the pleasure of joining millions of responsible taxpayers in billing your children and grand children for your own greed and ignorance. Before you let your infantile BDS shows any more, please learn at least a little bit about what you are talking about. There is plenty of blame to pass around for this mess. Unfortunately you seem to have chosen to be part of the ignorant blame game problem and volunteer your future generations to help buy your way out rather than be part of a solution to a mess you helped create.
#7 Nov 1, 2008
Economies are tanking throughout the world and illegals somehow are responsible. The ignorance of some of you people is sad. Vote Ron Paul for more deregulation on Tuesday.
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