Comments on: Banks save while U.S. Consumers are Expected to Spend: The Convoluted Problem of Creating a Debt based Consumption System. http://www.doctorhousingbubble.com/banks-save-while-us-consumers-are-expected-to-spend-the-convoluted-problem-of-creating-a-debt-based-consumption-system/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 06:16:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: blu http://www.doctorhousingbubble.com/banks-save-while-us-consumers-are-expected-to-spend-the-convoluted-problem-of-creating-a-debt-based-consumption-system/#comment-34275 blu Fri, 06 Mar 2009 04:29:02 +0000 http://www.doctorhousingbubble.com/?p=1491#comment-34275 Comrade Housing bubble, Truer words were never spoken. Except of course by the grand master Peter Schiff. You've once again hit the nail on the head. Let's be clear, this is a simple math problem: we spend more than we earn and we consume more than we produce. Just a question, did they stop teaching math to MBAs? This blog site is one of the only places I've been able to find that speaks the unbiased truth. BTW, you absolutely must watch this clip. You'll laugh your a$$ off: http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice Comrade Housing bubble,

Truer words were never spoken. Except of course by the grand master Peter Schiff. You’ve once again hit the nail on the head. Let’s be clear, this is a simple math problem: we spend more than we earn and we consume more than we produce. Just a question, did they stop teaching math to MBAs?
This blog site is one of the only places I’ve been able to find that speaks the unbiased truth. BTW, you absolutely must watch this clip. You’ll laugh your a$$ off:
http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice

]]> By: David http://www.doctorhousingbubble.com/banks-save-while-us-consumers-are-expected-to-spend-the-convoluted-problem-of-creating-a-debt-based-consumption-system/#comment-34274 David Thu, 05 Mar 2009 23:54:44 +0000 http://www.doctorhousingbubble.com/?p=1491#comment-34274 Awesome job! Doctor Housing Bubble... I get that we are caught in a system of a down, and am mildly suprised that there is still people that think... we will recover soon.... Do they know how much energy and effort would be required to pull this complex system out of this negative spiral or negative feedback loop or death spiral... My question, is that unemployment is rising, and when unemployment rises, so does the crime rate... however, what is the lag time? and what is the correlation... meaning for every 1% in unemployment the crime rate goes up x ? and again when. Awesome job! Doctor Housing Bubble…

I get that we are caught in a system of a down, and am mildly suprised that there is still people that think… we will recover soon…. Do they know how much energy and effort would be required to pull this complex system out of this negative spiral or negative feedback loop or death spiral…

My question, is that unemployment is rising, and when unemployment rises, so does the crime rate… however, what is the lag time? and what is the correlation… meaning for every 1% in unemployment the crime rate goes up x ? and again when.

]]> By: gael http://www.doctorhousingbubble.com/banks-save-while-us-consumers-are-expected-to-spend-the-convoluted-problem-of-creating-a-debt-based-consumption-system/#comment-34271 gael Thu, 05 Mar 2009 22:59:31 +0000 http://www.doctorhousingbubble.com/?p=1491#comment-34271 Overheard at work today: "OC had a record number of sales this past year." Overheard at work today:
“OC had a record number of sales this past year.”

]]> By: Kerri http://www.doctorhousingbubble.com/banks-save-while-us-consumers-are-expected-to-spend-the-convoluted-problem-of-creating-a-debt-based-consumption-system/#comment-34261 Kerri Thu, 05 Mar 2009 14:44:34 +0000 http://www.doctorhousingbubble.com/?p=1491#comment-34261 Right on Dr. HB, Yet, the government hacks will keep spinning a very complicated story to confuse the average citizen. They have to justify their useless existence. The Treasury Secretary yesterday was whining about global warming, so he is got everything under control in his chicken little world, yikes. Your charts are so telling. We started paying down our house in about 1997 finishing it in late last year, debt free including home. We are inching away on a retirement savings at 48 and 52. We regularly read during the last decade that we were idiots to pay down our mortgage in the hey day. But we stuck to tried and true Biblical and or old American principles, and on "a single income" have accomplished this in So Cal. It is possible for anyone! Right on Dr. HB,

Yet, the government hacks will keep spinning a very complicated story to confuse the average citizen. They have to justify their useless existence.

The Treasury Secretary yesterday was whining about global warming, so he is got everything under control in his chicken little world, yikes.

Your charts are so telling. We started paying down our house in about 1997 finishing it in late last year, debt free including home. We are inching away on a retirement savings at 48 and 52. We regularly read during the last decade that we were idiots to pay down our mortgage in the hey day. But we stuck to tried and true Biblical and or old American principles, and on “a single income” have accomplished this in So Cal. It is possible for anyone!

]]> By: summer http://www.doctorhousingbubble.com/banks-save-while-us-consumers-are-expected-to-spend-the-convoluted-problem-of-creating-a-debt-based-consumption-system/#comment-34254 summer Thu, 05 Mar 2009 08:26:29 +0000 http://www.doctorhousingbubble.com/?p=1491#comment-34254 Dr., I heart you! Dr., I heart you!

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