been there

Zero Interest Rates Can't Last Forever. Then Where Are We Headed?

interest rates determine prices of houses since people only look at per month payments. a $100,000 house @ 4% will only have a market price of $50,000 @ 8%. so people buying now can look forward to selling a house 50% under water when the rates double good luck.

As the FDIC debates whether it'll need to hit the Treasury up for a loan, Institutional Risk Analytics - which has usually taken a grim outlook on bank prospects - now thinks that more than 1,000 banks will fail in the current cycle. With 25 down in 2008 and 94 so far this year, that just leaves another 900 or so.

en.wikipedia.org/wiki/...
sure sounds familiar

On Sep 19 06:45 PM been there wrote:

> does anybody remember john law and the mississippi bubble. we could
> be in a rerun

As the FDIC debates whether it'll need to hit the Treasury up for a loan, Institutional Risk Analytics - which has usually taken a grim outlook on bank prospects - now thinks that more than 1,000 banks will fail in the current cycle. With 25 down in 2008 and 94 so far this year, that just leaves another 900 or so.

does anybody remember john law and the mississippi bubble. we could be in a rerun

The Joblessness of August: 9.7 Percent

1980s ue 10% interest rates 15% inflation 13%
today ue 10% interest rates 1% deflation 2%
what does this tell you about the course of the economy and what needs to be done?

Has President Obama's Mortgage Modification Plan Failed?

yeah and falling oil prices caused the depression in the oilfield in the 1980's as the saying goes no shit sherlock


On Aug 21 09:33 AM enigmaman wrote:

> falling home prices is the biggest problem facing mortgage modifications,
> unless there is a sizable spread between its current loan to value
> lenders will be less inclined to do modifications. Since values continue
> to drop and its been estimated that currently 25% of mortgaged homes
> are underwater and will rise to 50% in the next few years lenders
> have little incentive to erode their portfolio any more then it is.
> No lender wants to refi a questionable loan carrying a higher rate
> for a still questionable loan at a lower rate, especially with home
> prices continuing to fall, if the property value is going to drop
> why not keep it on the books with a lower loan amount carrying a
> higher rate, then provide a higher loan amount at a lower rate, it
> makes no sense, there is no real upside to the lender, yes the program
> is a failure and should be accepted as such.

From Today's Numbers, A Recovery Is Hard to See

economy or stock market; stock market can be manipulated economy can not. small business employs 80% of the people. what is outlook for small business, higher taxes,more regulations,higher health care costs, less profits, less total market place due to continuing high unemployment. Outlook bad very bad.

Economic Stimulus: So, Is It Working?

if govt stimulus worked the soviet union would be going strong

Jobless Data: Still a Long and Winding Road Ahead

what will be the u e rate with 300,000 jobs loss esch month for the next 2 years.

Charting Y/Y GDP numbers minus the stimulus: Just a question of how steep a cliff you want to go down.

people i was being sarcastic obama is running toward a marxst state

Energy Equipment Suppliers' Performance Is Subpar

when rig count declines as much as now the first thng that happens prices get cut by 50% or more then the things follow from that people, maintaince etc get cut.

Charting Y/Y GDP numbers minus the stimulus: Just a question of how steep a cliff you want to go down.

where would the soviet union's gdp have been without gov't spending obama is not stupid

Q2 GDP Advance: -1% vs. -1.5% consensus and -6.4% (revised) in Q1. GDP price index +0.2% vs. +1% consensus and +1.9% in Q1. Q2 Personal consumption -1.2% vs. -0.5% consensus and +0.6% in Q1. In a nutshell: production fell less than expected, inflation was nonexistent, and consumption plunged.

lets see 1% drop from 1st qt. which was minus 6% so if rev to 1st would have been zero then 2nd gdp would been minus 3 ?

This chart, which maps world GDP growth from 1980 through 2015 (using IMF's predictions), leaves you wondering what happens if we don't get that big bounce. Which may be why the Cleveland Fed warns that risks to the outlook "still remain more heavily weighted toward the downside than the upside."

don"t know much but does anybody know the drop percentwise of the s&p 500 revenue year ago for 2nd qtr. would not this give an indication of the drop in gdp

The silver lining behind rising jobless numbers: "If politicians and establishment economists would simply leave the economy alone, today's painful stories of failure and unemployment would morph into tomorrow's stories of economic rebirth."

obama wants to wreck the economy and he is achieving his goal to drive the govt into a larger share of the economy. It is not in his interest to have capitalism grow. the marxism will work well as it sucks up the reserve and lifeblood (savings and capital ) from the country then hell begins in 5 to 10 years.

House passes climate bill 219-212. Crossing party lines: 44 Democrats, 8 Republicans. The CBO puts the average monthly cost per household just under $15 in 2020 (at full phase-in); Nate Silver finds the average American is willing to pay $19/month. AP's Q&A about the bill. (Previously: I, II)

govt control is good remember the ussr it worked for them