Seeking Alpha
  • Native Texan
    IT'S OFFICIAL: Housing bust worst since Great Depression: http://apne.ws/qE9IzI
    10/6/11
    Reply (13)
    • Native Texan: It's also official that Cesar is the worst president that we've ever had, not to mention the 1st Marxist & least qualified itiot to date.
      10/6/11
    • inquisitivemind7: even if Ron Paul was president, there's not much he would have been able to do in the ST w/out gutting the govt and causing a recession
      10/6/11
    • Native Texan: In my opinion, which is uneducated, nobody should have done anything.
      10/6/11
    • inquisitivemind7: even so Native, this housing bust would still be crappy. nothing you can do about business cycles (like seasons) exacerbated by excess.
      10/6/11
    • Native Texan: That's my point. We should have deferred to the markets, however painful it may be, it's the be solution.
      10/6/11
    • inquisitivemind7: democrats on aggregate spending more and more also excerbates our debt issues. nothing we can do about it, already past pt of no return.
      10/6/11
    • inquisitivemind7: that doesn't involve political suicide, outright default, intentionally causing a new recession, etc.
      10/6/11
    • Native Texan: inquis, you're wrong, we can do something about, we're just incapable at present dut to the lack of #'s. Time my friend, more time.
      10/6/11
    • inquisitivemind7: we don't have any more time native.we already spent all the money we had, all the money our children will have, and we have run out of time.
      10/6/11
    • inquisitivemind7: we also don't have the political will and our politicians have shown very little effort to work together. this in turn will lead to more
      10/6/11
    • inquisitivemind7: downgrades down the road which makes the cost of our loans more expensive leading to more problems, followed by mas downgrades-vicious cycle
      10/6/11
    • inquisitivemind7: end result is either QE induced hyperinflation due to mass dumping of US dollar and US treasuries or (unrealistic) outright default.
      10/6/11
    • inquisitivemind7: of course the Euro will be destroyed/transformed long before this happens.
      10/6/11