emily x

De-Leveraging America

Great article -- thank you. I do see some reasons to be cheerful:

"A credit loss to a federal reserve bank is a public subsidy" -- and an entitlement for Wall Streeters; finally, something in common w/ all those poor slobs who are losing their houses! Now can we all please vote for Kucinich?

"[L]ook for the same price compression in the above $1 million residential real estate market ... A 25% haircut from the 2005-2006 peak seems like a conservative estimate." -- Note to self: Sally forth from rented condo next year with cash from home sold 2005...

"[N]ext week we look at the next shoe to drop off the centipede, namely unsecured consumer credit." Does this mean the end of credit card offers and the unemployment of direct mail writers? thank you jesus! a silver lining

De-Leveraging America

Yes, but look at the bright side:
"A credit loss to a federal reserve bank is a public subsidy" -- and an entitlement for Wall Streeters; finally, something in common w/ all those poor slobs who are losing their houses! Now can we all please vote for Kucinich?

"[L]ook for the same price compression in the above $1 million residential real estate market ... A 25% haircut from the 2005-2006 peak seems like a conservative estimate." -- Note to self: Sally forth from rented condo next year with cash from home sold 2005...

"[N]ext week we look at the next shoe to drop off the centipede, namely unsecured consumer credit." Does this also mean the end of credit card offers, i.e. junk mail? thank you jesus! a silver lining