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Post by sigurdur on Oct 3, 2018 23:10:44 GMT
The Great Depression resulted because of the run on banks. That won't be repeated. The level of debt today tho......is insane! Who in their right mind buys a house for $500,000.00 or more?  ? With BORROWED MONEY! |
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Post by sigurdur on Nov 12, 2018 16:26:38 GMT
Is the devil IN the details?
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Post by sigurdur on Nov 13, 2018 0:17:56 GMT
He has been crying wolf for a long time.
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Post by sigurdur on Nov 13, 2018 3:14:40 GMT
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Post by sigurdur on Nov 13, 2018 15:45:49 GMT
Yeah, read that and wondered when the government finally has to pull back on spending who is going to get hit the hardest? The reason, I believe, that so many Senators/Reps retired this election cycle is that they KNOW the day of recon is fast approaching. There really is only ONE solution. Freeze aggregate spending, and somehow increase revenue. The longer we wait, the more painful it will become. Simple economics at play. |
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Post by sigurdur on Nov 17, 2018 1:55:24 GMT
Build a house in the middle of a forest, and then blame someone else when the forest catches fire. Ponder that. |
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Post by sigurdur on Dec 6, 2018 17:08:58 GMT
Ok, this isn't climate science. I am going to have to read it again. |
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Post by sigurdur on Dec 12, 2018 15:22:18 GMT
www.propublica.org/article/how-the-irs-was-guttedAn eight-year campaign to slash the agency’s budget has left it understaffed, hamstrung and operating with archaic equipment. The result: billions less to fund the government. That’s good news for corporations and the wealthy. It is actually a sad commentary. |
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Post by sigurdur on Dec 14, 2018 16:51:39 GMT
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Post by sigurdur on Dec 18, 2018 15:53:46 GMT
Not a good thing at all!
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Post by sigurdur on Dec 20, 2018 16:02:12 GMT
The whole country is in debt trouble. I am NOT going to like the outcome.
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Post by sigurdur on Dec 20, 2018 21:06:19 GMT
Today, very bad because no one in a leadership position wants to talk about our debt problem.
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Post by sigurdur on Jan 3, 2019 18:35:21 GMT
Now that you mention it......I do have a spot in mind.... |
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Post by sigurdur on Jan 7, 2019 16:46:23 GMT
(Bloomberg) The worst is yet to come in housing. James Stack, who predicted the 2008 real
estate crash and nailed last year's housing slowdown with uncanny timing, is back with some
bad news for 2019. "Housing could be heading for its worst year since the last housing
crash." Expect home sales to continue their downward trend. There's also significant
downside risk to housing prices if a recession takes hold.
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Post by sigurdur on Jan 7, 2019 16:47:14 GMT
(JPM on recession odds) US equity, bond and commodity markets appear to be pricing in on
average close to 60% chance of a US recession over the coming year compared to a 40%
chance by our economists and 27% chance by the consensus.
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