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Title: U.S. MAY S&P/CASE-SHILLER HOME PRICES RISE 4.6% VS YEAR AGO [African American Hating Nebby on Suicide Watch]
Source:
BBG
URL Source: http://www.bloomberg.com
Published: Jul 27, 2010
Author: CARLOS TORRES
Post Date: 2010-07-27 09:07:11 by war
Keywords: None
Views: 20555
Comments: 39
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#1. To: war (#0)
At some point within months, the US will have to bring Freddie, Fannie and Ginnie on the books. At that point $7 Trillion in toxic waste will be transferred to the US. Months later housing will be going at 50 cents of today's $. The Bottom 90% will have Zero Equity. Zero gains for the last 40 years.
Trust me when I tell you that it is already there.
Trust me when I tell you that it is already there. Trust me when I tell you it's not. The moment it is, the US is out of the Mortgage bizness, and the US is All there is holding the Mortgage bizness up now. Getting the Small People to go into debt now on a home soon to be worthless is a Ponzi. There just isn't anyone left.
Some seem to think that Japan just sat back and did nothing during this time. 1989 til today. There is nothing further from the truth. Japan was the first major economy to go down the path of quantitative easing. Japan also injected enormous amounts of money into their economy to stimulate growth. Yet the above chart is rather clear in the outcome. Some point to unemployment in Japan remaining low. This is more a sleight of hand with economic data. Although the official rate is low, nearly 1 out of 3 Japanese workers are considered part-time employed. That is, no security of long-term employment. We have seen a massive rise in the number of Americans that now work in a part-time fashion. No benefits, lower wages, and job security that is no longer an option in the longer term. It is easy to see why asset prices in Japan have remained depressed for so long. Prices in the U.S. are showing no sign of inflationary pressures because there is little mechanism to force wages up with such a giant over supply of labor in the market. This is possibly one of the major points missed by those who predict inflation or hyper-inflation in the future. Central banks can print but they can’t force wages up especially in a global market where cheap wages are the status quo. To the contrary, banks are following the zombie like behavior of Japan banks by hoarding funds:
Who funds the Fed?
Where we are-Kunstler and Ilargi have it: Let's call this whatever-you-want-to-call-it(today's pundits/economists/soothsayers/courtesans;} a compressive deflationary contraction, because that's exactly what it is, an accelerating systemic collapse of activity due to over-investments in hyper-complexity (thank you Joseph Tainter). A number of things are going on in our society that can be described with precision. We've generated too many future claims on wealth that does not exist and has poor prospects of ever being generated. That's what unpayable debt is. And at some point the US has to stop. Bring ALL the debt on it's books and announce that no more is being created. That day is not today. But within months. Think the day before the NEXT False Flag. Like Rummy's announcement that $2.3 Trillion is missing from the Pentagon. ;}
Who funds the Fed? The Fed is a Private organization that thru illegal means put itself between our government and us the People. IT HAS FAILED at Stablization of our currency and creating jobs. The US uses the Fed to avoid responsibility and to concentrate wealth. Better question. Why have Private Banks at all?
Everyone GSE debt instrument is, in essence, putable to the Fed.
Yep, house sales plummet in May to the worst levels in recorded history. All that tells me is that the average home that sold in May was the upscale homes. Duh.
If you voted for Obama in 2008, you're too blame for this rotten mess we're now in. You broke it, you own it.
Yep...Boy Blunder left us with an absolute glut of houses thanks to his abdication of oversight.
Exactly. But it hasn't been put yet. ;} It will be. When all the king's horsemen run out of their 'guarantees'. Within months. Debt can only be created by growing energy. Energy stopped growing May 2005. Same time housing crashed. No energy. No debt. No debt. No Trillionaires. "Broken financial generations – U.S. households only have a median of $2,000 saved in retirement accounts. The median net worth for those 25 to 34 is $3,700. Which generation will support the economy going forward? Social Security beneficiaries make up 19 percent of all Americans. * Posted by mybudget360
Now that we’ve had three full years after the bubble popped, we can see what banks have done to “fix” the problem: -Hoard money to fix balance sheet imbalances -Suspend mark to market (Japan banks zombie like tool of preference) -Ignore major commercial real estate problems -Drag out the real estate problems (we have done the same with banks delaying the foreclosure process, stopped lending their own capital in place of government loans, and banks have turned inward with government bailout funds).
Hey War, Bush isn't president any more, hasn't been for a while. What has YOUR BOY BLUNDER, OBAMA DONE ABOUT IT? Nothing but continued the same failed policies.
If you voted for Obama in 2008, you're too blame for this rotten mess we're now in. You broke it, you own it.
Yea so? Why are we in Iraq and Afghanistan?
Because Obama broke his campaign promise to leave. Are you claiming Obama couldn't leave that Bush still has power over him? The only reason Obama got elected was because he said he would end the Iraq war. He lied and many more died. He is a lying sack of shit. Hey google that. "lying sack of shit"
He's got you on bozo, aka loser;^)
"Lets [sic] rent a room." ~ Jethro Tull to Rotara
3 deviants have me on bozo. Hell, that is like half the posting members on this joint. {{{chuckle}}}
Never swear "allegiance" to anything other than the 'right to change your mind'!
No, he didn't. The situation presents a test for Mr. Obama’s vow to end the war, perhaps the most defining promise he made when he ran for president. While Mr. Obama has proved flexible about other campaign promises and deadlines, his plan to pull out combat forces by August and the remaining 50,000 trainers and advisers by December 2011 has been the most inviolate of policies.
You made me look. I've got 2 who've bozo'd me.
"Lets [sic] rent a room." ~ Jethro Tull to Rotara
Why are we in Iraq and Afghanistan? "Yeah, so" is the typical non-comback comback for your typical libertard. Can't admit that this whole-ball of shit is Obama's now.
If you voted for Obama in 2008, you're too blame for this rotten mess we're now in. You broke it, you own it.
Meaning it was someone else's before?
The only reason Obama got elected was because he said he would end the Iraq war. He lied and many more died. He is a lying sack of shit. Hey google that. "lying sack of shit" Don't you love how "War" refuses to admit that the only way Obama got elected was to lie through his stinking pearly white teeth? Let's face it, War and schmucks like him were fooled. So easily and completely fooled. Only a moron with mega-down-syndrome could have believed Obama's lies.
If you voted for Obama in 2008, you're too blame for this rotten mess we're now in. You broke it, you own it.
No shit dummy. Man you look so stupid with your "it's Bush's fault" routine. You're like some sock-puppet from the DNC.
If you voted for Obama in 2008, you're too blame for this rotten mess we're now in. You broke it, you own it.
You just admitted that it is.
A) I didn't vote for Obama. B) If you review LP in early 2008, you will find that I did not buy his Iraq/Gitmo bullshit. C) So far, I've won about 5 cases of Heineken Lite and a bottle of Silver Oak - with both of more to come - because we have combat troops STILL in Iraq. My next payday is 9/30.
You are a very uninformed person.
He has done lots of other stuff. But the troops still remain. Another reason he is a lying sack of shit. Google lying sack of shit.
That would mean some one else broke it and now owns it.
You wouldn't happen to have the text of the whole speech, would you? Not saying you spin like a top, but...
He said it would be the first thing he did. How can you spin that?
If I provided you text. You would want video. Are you saying that you think the video is fake. That it is a computer generated image and computer making Obama say what he said in the video?
You know stone, I had a pet rock once too but I couldn't teach it anything, is that what lucysmom is to you? aha Obama: "I will promise you this, that if we have not gotten our troops out by the time I am President, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank." ~ Oct. 27th, 2007
I'm saying a 15 second video is a sound bite - it lacks a context. Lately we've seen how misleading sound bites can be.
No process in that - just poof and troops are home?
The context is clear and present. You aren't being honest. Lack of virture. Is that the way a mom should behave? The only example I can think of recently that shows how soundbites can be misleading is when the media in the Sherrod case recently said they looked at the whole video and then they said it put the original video out of context. A clever PSY OP. They never showed the context of how it changed. They just made it up. Breitbart was right. I dare you to prove differently.
You're a retard and it shows!
"Lets [sic] rent a room." ~ Jethro Tull to Rotara
Here's a link to the whole speech.
I noticed that the audience is racist and they laugh at all her racist remarks. Thanks for making my point.
Then the point of her message flew right over your head.
#2. To: mcgowanjm (#1)
At that point $7 Trillion in toxic waste will be transferred to the US.
#3. To: war (#2)
#4. To: All (#3)
#5. To: mcgowanjm (#3)
Trust me when I tell you it's not.
#6. To: war (#2)
#7. To: war (#5)
#8. To: mcgowanjm (#7)
#9. To: war (#0)
#10. To: Nebuchadnezzar (#9)
Yep, house sales plummet in May to the worst levels in recorded history.
#11. To: war (#8)
Everyone GSE debt instrument is, in essence, putable to the Fed.
#12. To: war, All (#11)
#13. To: war (#10)
Yep...Boy Blunder left us with an absolute glut of houses thanks to his abdication of oversight.
#14. To: Nebuchadnezzar (#13)
Hey War, Bush isn't president any more, hasn't been for a while.
#15. To: war (#14)
Why are we in Iraq and Afghanistan?
#16. To: A K A Stone (#15)
#17. To: Fred Mertz (#16)
He's got you on bozo, aka loser;^)
#18. To: A K A Stone (#15)
Because Obama broke his campaign promise to leave.
#19. To: Brian S (#17)
#20. To: war (#14)
Yea so?
#21. To: Nebuchadnezzar (#20)
Can't admit that this whole-ball of shit is Obama's now.
#22. To: A K A Stone (#15)
ecause Obama broke his campaign promise to leave. Are you claiming Obama couldn't leave that Bush still has power over him?
#23. To: war (#21)
Meaning it was someone else's before?
#24. To: Nebuchadnezzar (#23)
Man you look so stupid with your "it's Bush's fault" routine.
#25. To: Nebuchadnezzar (#22)
Let's face it, War and schmucks like him were fooled. So easily and completely fooled.
#26. To: lucysmom (#18)
No, he didn't.
#27. To: All (#26)
#28. To: war (#21)
Meaning it was someone else's before?
#29. To: A K A Stone (#26)
You are a very uninformed person.
#30. To: lucysmom (#29)
#31. To: lucysmom (#29)
You wouldn't happen to have the text of the whole speech, would you? Not saying you spin like a top, but...
#32. To: A K A Stone (#31)
If I provided you text. You would want video. Are you saying that you think the video is fake. That it is a computer generated image and computer making Obama say what he said in the video?
#33. To: A K A Stone (#31)
Are you saying that you think the video is fake.
#34. To: Murron (#32)
...it is the first thing I will do. I will get our troops home.
#35. To: lucysmom (#33)
I'm saying a 15 second video is a sound bite - it lacks a context. Lately we've seen how misleading sound bites can be.
#36. To: A K A Stone (#35)
Breitbart was right.
#37. To: A K A Stone (#35)
I dare you to prove differently.
#38. To: lucysmom (#37)
#39. To: A K A Stone (#38)
I noticed that the audience is racist and they laugh at all her racist remarks.
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