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Suburban Housing Markets Are Unsustainable (Part 2)

time to get those manufacturing jobs back, and time to start mowing our own lawns, working our own fields, clean our own homes. Time to stop complaining about illegal immigrants and then depend on them for every job we feel too rich or too important to do. Letting corporations grow global, too influential, and "too big too fail has messed us all up, American, European, Mexican, Chinese or Indian. We are turning into an anti-social bunch of salespeople, realtors, marketing experts and bureaucrats, 70% of us could stop working and the country would probably move along just the same. In the developing countries the negative synergy of bad governments and huge multinationals puts is too strong for little businesses or farmers who can't handle the competition, wonder why they show up on this side of the border as dishwashers?
If they stick to their little plot of land we refer to them as "subsistance farmers" as if that was something laughable and shameful.
Great article Jim


On May 16 03:28 PM Vienna wrote:

> I really like Mr. Quinns articles, not are they written in a good
> style which make them very enjoyable to read, but they also follow
> to the root of problems with a nice story, which actually also gives
> me to think about the days playing in a small house, and they where
> good days. I think we have just forgotten it.
>
> By reading the comments here very closely I and can find a very clear
> acceptance of the articles Mr Quinn writes, and he is very acknowledged
> by the readers.
>
> Looking into the failures of so many US industries which where powers
> only years ago, I often wonder about the discussion of a very few
> commenters. There are still very many big international corporations,
> so I don't think that everything is moving out the US, but it surely
> will get very hard for the uneducated lower class, that once used
> to make garments and toys.
>
> But arguing to the fact that you can not build wealth with TO much
> debt, is just simply absurd. It's like every body taking 1 mio credit
> to buy a house to rent away, wont work.
>
> One has to find sustainable levels, for ALL factors in live. Partnership,
> environment, resources, energy and debt.
>
> The curve does not always go up, and the US is not inviolable to
> receiving a crash, done it before.

Stress Tests Confirm: Banking System Was Never Headed Over a Cliff

So it was all because of the shorts, not because every bank in the world was over-loaded with crap and over-leveraged.
I guess if I am a boxer and drop my guard and get knocked out, my opponent is to blame because he punched me while I was daydreaming.
Sure the Internet is great, everybody can share their bits of ideological dictated junk with the rest of us. All I hear is generic and uninformed ranting that shows no knowledge or memory of the recent past. Whoever lives in an imaginary world should also have to vote in an imaginary world.


On May 10 07:14 AM apppro wrote:

> Basically what I've been screaming since the summer of '07 when all
> this started.
> But again you missed the point of who and what caused all of this
> so-called crisis! The story still all goes back to:
> 1. Shorts lobbied SEC to get rid of Uptick Rule.
> 2. Shorts Lobbied FASB to institute M2M.
> 3. Shorts contrived disastor scenarios for the monolines and then
> the banks that would not or even could not ever happen.
> 4. AND, we ALL bought into it!!!!!!!!!!!!

Stress Tests Confirm: Banking System Was Never Headed Over a Cliff

Banking System Was Never Headed Over a Cliff!
Sure, now that the government is guaranteeing all kind of toxic assets. Had there been no intervention you'd be unemployed like you deserve to be, and the banks you claim were never really doing so bad would already have been liquidated. Considering the lack of gratitude (towards the government and the taxpayers) of the banks and their lackeys (like you) we should have left them go down (and thrown their employees in jail), never mind if our 401Ks would have lost 95% instead of just 45%.