Comments on: Housing’s Bitter Jagged Economic Pill: You can even get Granite. Oh, how you can get Granite. Spending Money into an Economic and Housing Sink Hole. http://www.doctorhousingbubble.com/housings-bitter-jagged-economic-pill-you-can-even-get-granite-oh-how-you-can-get-granite-spending-money-into-an-economic-and-housing-sink-hole/ How I Learned to Love Southern California and Forget the Housing Bubble Fri, 19 Mar 2010 02:14:34 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: muralidhar http://www.doctorhousingbubble.com/housings-bitter-jagged-economic-pill-you-can-even-get-granite-oh-how-you-can-get-granite-spending-money-into-an-economic-and-housing-sink-hole/comment-page-1/#comment-32861 muralidhar Fri, 13 Feb 2009 05:57:02 +0000 http://www.doctorhousingbubble.com/housings-bitter-jagged-economic-pill-you-can-even-get-granite-oh-how-you-can-get-granite-spending-money-into-an-economic-and-housing-sink-hole/#comment-32861 when housing prices,currency rates ,oil,gold ,commodities and prices of every other thing on earth is decided by the market why should interest rates be set by the govt.? it should also be decided by the market then only money will have value.please reply when housing prices,currency rates ,oil,gold ,commodities and prices of every other thing on earth is decided by the market why should interest rates be set by the govt.? it should also be decided by the market then only money will have value.please reply

]]> By: Ed Tse http://www.doctorhousingbubble.com/housings-bitter-jagged-economic-pill-you-can-even-get-granite-oh-how-you-can-get-granite-spending-money-into-an-economic-and-housing-sink-hole/comment-page-1/#comment-31248 Ed Tse Thu, 15 Jan 2009 15:44:19 +0000 http://www.doctorhousingbubble.com/housings-bitter-jagged-economic-pill-you-can-even-get-granite-oh-how-you-can-get-granite-spending-money-into-an-economic-and-housing-sink-hole/#comment-31248 http://activerain.com/blogsview/880598/Obama-is-another-Pres-Carter At this moment after observing Obama's plans, I am sorry to say our economy is not going to revitalize overnight and Obama is almost for sure another president on the far right side in the picture in Martin's article. Yes, I am saying that Obama is another Pres. Jimmy Carter. http://activerain.com/blogsview/880598/Obama-is-another-Pres-Carter
At this moment after observing Obama’s plans, I am sorry to say our economy is not going to revitalize overnight and Obama is almost for sure another president on the far right side in the picture in Martin’s article. Yes, I am saying that Obama is another Pres. Jimmy Carter.

]]> By: RF http://www.doctorhousingbubble.com/housings-bitter-jagged-economic-pill-you-can-even-get-granite-oh-how-you-can-get-granite-spending-money-into-an-economic-and-housing-sink-hole/comment-page-1/#comment-31145 RF Tue, 13 Jan 2009 16:07:54 +0000 http://www.doctorhousingbubble.com/housings-bitter-jagged-economic-pill-you-can-even-get-granite-oh-how-you-can-get-granite-spending-money-into-an-economic-and-housing-sink-hole/#comment-31145 AnnS - while Social Security doesn't actually fit the definition of a Ponzi scheme, the Social Security Act fails to establish any contractual rights. Hence, your assertion that "Social Security is an intergenerational contract" is false. Refer to FLEMMING v. NESTOR, 363 U.S. 603 (1960), at caselaw.lp.findlaw.com/scripts/getcase.pl?court=US&vol=363&invol=603 For a brief summary, see en.wikipedia.org/wiki/Flemming_v._Nestor or the commentary at the Social Security Administration website, www.ssa.gov/history/nestor.html to wit: "In its ruling, the Court rejected this argument and established the principle that entitlement to Social Security benefits is not contractual right." AnnS – while Social Security doesn’t actually fit the definition of a Ponzi scheme, the Social Security Act fails to establish any contractual rights. Hence, your assertion that “Social Security is an intergenerational contract” is false.

Refer to FLEMMING v. NESTOR, 363 U.S. 603 (1960), at

caselaw.lp.findlaw.com/scripts/getcase.pl?court=US&vol=363&invol=603

For a brief summary, see

en.wikipedia.org/wiki/Flemming_v._Nestor

or the commentary at the Social Security Administration website,

http://www.ssa.gov/history/nestor.html

to wit:

“In its ruling, the Court rejected this argument and established the principle that entitlement to Social Security benefits is not contractual right.”

]]> By: Sabin Figaro http://www.doctorhousingbubble.com/housings-bitter-jagged-economic-pill-you-can-even-get-granite-oh-how-you-can-get-granite-spending-money-into-an-economic-and-housing-sink-hole/comment-page-1/#comment-31122 Sabin Figaro Tue, 13 Jan 2009 04:43:52 +0000 http://www.doctorhousingbubble.com/housings-bitter-jagged-economic-pill-you-can-even-get-granite-oh-how-you-can-get-granite-spending-money-into-an-economic-and-housing-sink-hole/#comment-31122 @AnnS Thanks. Very informative. It's all complex and it's enough for most of us to keep a handle on our own specialties. It does not seem that we are going down a sustainable path to prosperity for our society, but until it touches us directly, it is more or less business as usual. Seems that indeed collective consciousness regarding debt has made a massive change, but the young folks still think this will pass quickly. I'm not convinced and feel the doc has a lot of data to support why he feels things will get much worse, while the bullish pundits just say they feel the economy will improve at some ridiculously near time for no other reason than that they are brilliant men with knowledge we could not hope to know and this is what they feel. I'd be more comfortable if they would try to explain why the feel that way... @AnnS
Thanks. Very informative. It’s all complex and it’s enough for most of us to keep a handle on our own specialties.

It does not seem that we are going down a sustainable path to prosperity for our society, but until it touches us directly, it is more or less business as usual.

Seems that indeed collective consciousness regarding debt has made a massive change, but the young folks still think this will pass quickly. I’m not convinced and feel the doc has a lot of data to support why he feels things will get much worse, while the bullish pundits just say they feel the economy will improve at some ridiculously near time for no other reason than that they are brilliant men with knowledge we could not hope to know and this is what they feel. I’d be more comfortable if they would try to explain why the feel that way…

]]> By: OILWELLDOCTOR http://www.doctorhousingbubble.com/housings-bitter-jagged-economic-pill-you-can-even-get-granite-oh-how-you-can-get-granite-spending-money-into-an-economic-and-housing-sink-hole/comment-page-1/#comment-31120 OILWELLDOCTOR Tue, 13 Jan 2009 03:36:48 +0000 http://www.doctorhousingbubble.com/housings-bitter-jagged-economic-pill-you-can-even-get-granite-oh-how-you-can-get-granite-spending-money-into-an-economic-and-housing-sink-hole/#comment-31120 Graeat Post Doctor... thanks. Good to see so many people stirred up too! Expat, yes we are willing to sacrifice our personal freedoms for material comforts. America has come full circle. Maybe New Hampshire should change their motto to “ Flip houses or die”, or how about “Give me cheap Chinese stuff from Walmart or give me death”. Homeland security is 50 billion dollars of pork to make you take your shoes off at the airport. I lived along the Arizona/Mexico borders for years; the waste in vehicles/tax dollars/manpower is pathetic. All this for jobs Americans are above doing. Now we have a president elect that will spend us to prosperity. I am not faulting Obama; he is doing only what America has asked of him. It shows our unwillingness to sacrifice our standard of living for the future of our nation. China has already made noises they want to stop supporting our currency. Our forefathers built a great nation, all we presently do is consume the fruits of others. Graeat Post Doctor… thanks. Good to see so many people stirred up too!

Expat, yes we are willing to sacrifice our personal freedoms for material comforts. America has come full circle. Maybe New Hampshire should change their motto to “ Flip houses or die”, or how about “Give me cheap Chinese stuff from Walmart or give me death”.

Homeland security is 50 billion dollars of pork to make you take your shoes off at the airport. I lived along the Arizona/Mexico borders for years; the waste in vehicles/tax dollars/manpower is pathetic. All this for jobs Americans are above doing.

Now we have a president elect that will spend us to prosperity. I am not faulting Obama; he is doing only what America has asked of him. It shows our unwillingness to sacrifice our standard of living for the future of our nation.

China has already made noises they want to stop supporting our currency. Our forefathers built a great nation, all we presently do is consume the fruits of others.

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