Comments on: The American Household Balance Sheet. Lessons from the Great Depression Part XXVII: Household Net Worth Drop in Great Depression 11 Percent. Current Net Worth Drop of $13.8 Trillion Equivalent to 21 Percent Drop.

By: Anyone else

Anyone else — Sun, 06 Dec 2009 22:48:48 +0000

At this time of the year of 2009, December, is there anyone else wanting to comment on all those issue?
Sure, this time is a “government” induced bubble! But then, why must people talk about the “People” and the “Government” separately? Shouldn’t the “People” be the “Government” and vice versa? If a person can logically convince oneself on this issue with a very satisfactory peace of mind as a result, then everything else is so easy and peaceful, hahahahahahaha!
What is a revolution? Why does it happen? Is it about the “People” and the “Government”?

By: Bottom Sooner?

Bottom Sooner? — Wed, 05 Aug 2009 18:33:40 +0000

Here’s the thing.. If the stock market keeps rallying.. And the government offers a bigger $25K rebate next year… I don’t know if we EVER will see a true housing bottom at levels 2-3x income in desired areas of L.A. Well off people are making money hand over fist in this market.. I personally know a friend who bought a condo in 2006 market peak for $475K in the valley… (2bed/2bath). Overpaid.. yes… But he makes good money… and can easily afford it. He’s young and just started investing in the market 4 months ago.. So he’s up something ridiculous… Like $100,000… on the banks and casino stocks that are up like 10-15x… He’s now talking of buying a 3 bedroom HOME and selling the condo at a loss… Covering the difference with his recent stock earnings…

So i don’t know.. I know it’s a rare situation… But wealthy people are making a shitload of money in this market rally…If it was a stock market bottom.. Then the housing bottom wont’ be too far behind…

By: Matt

Matt — Wed, 05 Aug 2009 16:29:29 +0000

So what do you think the next turn in the market will be?

By: Bottom Feeder

Bottom Feeder — Wed, 05 Aug 2009 05:39:25 +0000

Alphonzo, you are right on, and the sad thing is nobody but us seems to care that the power elite get to screw the people coming and going, up and down, over and over, and to make it all that much sweeter, ON OUR OWN DIME! (and our Grandchildren’s) It’s just maddening, and (almost) no one cares. All the theft and looting is done in broad daylight these days, but If you try to explain to the sheeple how the scam works and has worked for a long time, they think you’re just a crazy tin-hat wearing fool. For some reason it is much easier for people to believe that Geithner and his wall-street/federal reserve kind really have our best interest in mind, than to believe that they could be criminally greedy and corrupt. Isn’t human nature and history easy enough to understand?

By: St Alphonzo

St Alphonzo — Tue, 04 Aug 2009 22:36:21 +0000

Mish puts an interesting perspective on the inflation-deflation question here. As long as no one calls, the bubble prices can be bluffed. If they print a bunch of money but it sits in banks as reserves and does not go out as loans into the circulation, it is not inflationary. Maybe obvious to the casual observer, but I didn’t see it that way. Gas consumption is way down, but again fiat money is going into speculation on oil futures driving gas prices again. We give people money so they can screw us–ironic. We pay taxes to support overpriced food commodities–genius. We bail out the institutions that cause our housing prices to be too high–brilliant!

Is it just me or has the whole world lost it’s collective mind?