Posted 8/21/2009 8:17 pm
Are we bubbling again? How the f-ck can the stock market be booming, housing booming, and all this if we are in a recession? Something doesn't seem right, it seems that all this money being spent by the Fed and the low interest rates are just starting the problem all over again.
Posted 8/21/2009 8:23 pm
Housing isn't booming. Foreclosures are at record levels and about 1/3 of mortgages are underwater. The market reflects the money the Fed has been printing.
can you explain the resurgence of the housing boom? how long are these interest rates going to stay low? I really hope that china f-cks us over soon, the bubble feeling is really beginning to bother me.
Posted 8/21/2009 8:33 pm
f-ck it. Nothing ever comes of these "The sky is falling." predictions. Never.
I'm saying screw this and go back to the thinking I had as a youth. We had the Ruskies with their atom bombs and I never gave it a single thought. Every thing worked out well then and it will now and forever into the future.
I think there is a French saying for this kind of thought, but I wouldn't know as I took Spanish in school.
Posted 8/21/2009 8:34 pm
We're going to see inflation take off soon. This "recovery" is just the first taste.
I don't really think it's a bad thing, either. Sucks for people on fixed incomes, but it's the only way for America and Americans to squirm from under their massive debt load. 10 years of 5% inflation should burn off most of the consumer and government debt and get the housing market right side up again.
With inflation, everything costs more every year. So businesses charge more for their goods and services -- instead of $.99lb for apples they cost $1.29lb.
This means higher revenue and higher earnings for businesses. Workers demand higher wages because their employers are making more profit and cost of living goes up.
But the worker's and employer's mortgages and loans don't go up ... if you owe $150,000 to the bank that doesn't go up. But with inflation your take home pay may go from $50,000 to $70,000 after a few years. So everyone can pay back their old loans quicker and easier.
Like I said, it sucks for people on fixed incomes -- pensioners who have to make do with $1,800 a month suffer during times of inflation. But it's not really that bad a deal for a society up to its eyeballs in debt. It's the best way for America to deal with its massive debt load.
No, the best way to get out of this mess would be to default. Sure, no one would loan us money again but so what. We'd be forced to balance our budgets and it woudl kill the fed.
Posted 8/22/2009 2:46 am
The CNBC f-ggots might have been telling the truth today: everyone wants end of the year performance bonuses, so the pump is on.
Posted 8/22/2009 2:46 am
Here's the deal. The jews are rigging the system again to steal as much money as they can from the gullible goyim that watch the markets rise and think "it's time to jump back in!" and they invest as much as they can and the jews sell high and the goyim gets f-cked once again.
Alt-A's and Option ARM's are starting to reset. The commercial paper market is about to implode on itself. Anyone who thinks this little burp in the market is a sign of the recession being over deserves to lose everything they own.
Posted 8/22/2009 3:02 am
Really? And how the f-ck will our purchasing power increase to meet that inflation, asstard? Will incomes rise 5%/yr to match it? f-ck NO!
