tahoe1780

A Nation of Mortgage Slaves

Right on! The root of the "housing crisis" is the inability to pay. Higher energy costs, outsourcing of middleclass jobs, stagnant wage increases.


On Feb 04 08:10 AM John Preston wrote:

> First of all......income in households in default will be shown....in
> some future academic study, by some lame, but famous economist, to
> have eroded substantially or, been wiped out....
>
> 100% of the homeowners I counsel currently have experienced this....
>
>
> As jobs get worse, incomes will decline further...and our "housing
> correction"....which this never was....will get worse...
>
> this was an income/jobs correction...the problem never was the house...

Manhattan Mansions Fall from the Sky - Barron's

For another perspective read The Divine right of Capital by Marjorie Kelly.


On Nov 23 11:06 AM nukldrager wrote:

> vbierschwale; while I agree with your point, the question that nags
> me is how to have capitalism, which is fundamentally buy low, sell
> high in every aspect from labor to investment, and allow existing,
> established communities to continue and prosper. Might be impossible.
>
> Cheap labor is a natural desire for any capitalist. When labor costs
> negatively impact roi, machines and resources are moved to areas
> where cheap labor can be found. Management clearly holds all the
> cards, and has always been willing to sacrifice communities that
> once provided the labor or outlets for it's profits.
> But it's still a bit of a stretch to say that outsourcing alone is
> the cause of the current global financial crisis don't you think?
> What about greed, corruption, and fraudulent pilfering of the public
> purse at the highest levels of financial and governmental responsibility?
>
> The Queen of Hearts when she was told she had used an oxymoron,<br/>sa...
> "What? Go away! Don't bother me with that. We already have enough
> dumb animals running around the palace"
>
>
>

IBM To Research Smart Grid Tech

Geothermal fits the bill; renewable, non-polluting, 24/7. i.e. www.rasertech.com/geot...


On Nov 22 10:42 AM Gene Herring/gTM wrote:

> Replacing coal-fired power plants with cleaner energy sources, mostly
> renewables, simply willl not work even with a super smart grid. Renewable
> sources such as wind and solar are not base load sources for power.
> We are forced to rely on coal, gas and nuclear power for a large
> share of the base load until we can discover another power generation
> source that is available online 24/7. We should not diminish our
> present power sources without pursuing research for clean coal and
> modernized nuclear generatinig plants. In addition to a smart grid
> approach there must a serious upgrade of the entire transmission
> grid to mesh with new sources coming online in the future.