cariqunyil

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    • Mon Jun 30th 05:46 AM | Rating: 0 0
      Commented on:
      Endless Winter for New Home Sales
      So people like the Artful Dodger think Bush isn't responsible for the War in Iraq, Marxists run the media, Latinos crashed the stock market, and the Congressional Black Caucus is responsible for destroying the economy?

      Criminy, I can think of at least one very obvious reason this country is headed down the tubes, and it is mostly due to the individuals who make crazy insinuations and seem to blame everyone but themselves for voting in what amounts to the most incompetent administration in history...twice.
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    • Mon Jun 2nd 04:55 AM | Rating: 0 0
      Commented on:
      Greenspan: Bubbles Are a Necessary Part of Innovation
      CLH: "You can do away with [bubbles] with socialism. However, that leads to worse misery."

      What is your idea of capitalism? Privatizing profits and socializing risk?
      View article »
    • Mon Jun 2nd 01:03 AM | Rating: 0 0
      Commented on:
      CNNMoney’s ‘Depression Comparisons Misguided’ Shows It’s Imminent
      Great article and comments, but I agree with Mr. Lamonica and would like to present an alternative view to some of the comments about the "inevitability&qu... of inflation:

      Deflation is occuring in wages, housing, and in the stock market, with the exception of commodities. I agree that there is inflation in fungible financial assets (foodstuffs, energy, most precious metals, etc.), as well as items of inelastic demand (ie health care and transportation) but the only reason is from deficit spending causing a false inflation of the money supply. At some point, the Fed lending window will dry up in the face of massive losses in liquidity and that will lead to a period of general deflation as lending starts to completely dry up.

      One thing that will also drive deflation will be that asset classes that are highly fungible with money have an elastic demand. Cutbacks in energy use, food costs, and luxuries will contribute to a recession and increased unemployment. Divestment of dollar-valued assets and investments by foreign entities will also result in a contraction of the money supply.

      These are longer term scenarios. So to summarize, we will see inflation for a period of at most 1 to 2 years as various markets correct, then a prolonged "Japanese-style&q... deflation as jobs and tax revenues become scare, decreasing the pressure on wage inflation necessary to feed long term inflation.
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    • Sat Apr 5th 23:38 PM | Rating: 0 0
      Commented on:
      An Insider's Look at the Subprime Mortgage Collapse
      LOL @ Negative Carry!
      View article »
    • Thu Mar 6th 01:26 AM | Rating: 0 0
      Commented on:
      Foreclosure-Proof Homeowners
      There is a bright side to all of this. I would presume that the squatters would keep the homes from becoming mosquito-infested drug dens, and keep crooks from stripping out all the copper wiring. In addition, with the money they save by not paying the mortgage they are free to 'consume' more SUVs and designer labels to 'help' the economy. They likely aren't getting their $600 bailout money anyway, so why should the gov't complain as long as they spend spend spend...
      View article »
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