Comments on: The Four Horsemen of the Economic Apocalypse: Lessons from the Great Depression: Part XX. Housing Distress, Stock Market Tanking, Commodities Collapsing, and Unemployment Surging. http://www.doctorhousingbubble.com/the-four-horsemen-of-the-economic-apocalypse-lessons-from-the-great-depression-part-xx-housing-distress-stock-market-tanking-commodities-collapsing-and-unemployment-surging/ 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: irondoor http://www.doctorhousingbubble.com/the-four-horsemen-of-the-economic-apocalypse-lessons-from-the-great-depression-part-xx-housing-distress-stock-market-tanking-commodities-collapsing-and-unemployment-surging/#comment-26443 irondoor Sun, 02 Nov 2008 05:45:25 +0000 http://www.doctorhousingbubble.com/the-four-horsemen-of-the-economic-apocalypse-lessons-from-the-great-depression-part-xx-housing-distress-stock-market-tanking-commodities-collapsing-and-unemployment-surging/#comment-26443 Here are three statistics as food or thought: Unemployment will exceed that of the Great Depression > 26%. S&P Dividend Yield will exceed that in the Great Depression >16 % The dollar is the world reserve currency because of 10 Carrier Battle Groups. No other country has even one. We control the oceans and thus the world's single common key economic ingredient: oil. That's just the way it is. Here are three statistics as food or thought:

Unemployment will exceed that of the Great Depression > 26%.
S&P Dividend Yield will exceed that in the Great Depression >16 %
The dollar is the world reserve currency because of 10 Carrier Battle Groups. No other country has even one. We control the oceans and thus the world’s single common key economic ingredient: oil.

That’s just the way it is.

]]> By: noob http://www.doctorhousingbubble.com/the-four-horsemen-of-the-economic-apocalypse-lessons-from-the-great-depression-part-xx-housing-distress-stock-market-tanking-commodities-collapsing-and-unemployment-surging/#comment-26347 noob Fri, 31 Oct 2008 02:17:46 +0000 http://www.doctorhousingbubble.com/the-four-horsemen-of-the-economic-apocalypse-lessons-from-the-great-depression-part-xx-housing-distress-stock-market-tanking-commodities-collapsing-and-unemployment-surging/#comment-26347 A few economists and social scientists, with a hundred subjects to interview, could probably find out what jobs are vanishing quickly, and find out some possible ways to put these people back to work, even temporarily, using their skills to benefit us. A carpenter could do some time as a handyperson, and tax money could be used to have them fix old folks' homes. There are things like roof-repair loan programs -- use that as a prequal to hire a subsidized crew. There are probably a lot of decent ideas out there, that could cushion the effects of this recession. We don't even need to "give" them the money - you can loan it to them at zero interest, but with monthly payments after a while. A few economists and social scientists, with a hundred subjects to interview, could probably find out what jobs are vanishing quickly, and find out some possible ways to put these people back to work, even temporarily, using their skills to benefit us. A carpenter could do some time as a handyperson, and tax money could be used to have them fix old folks’ homes. There are things like roof-repair loan programs — use that as a prequal to hire a subsidized crew. There are probably a lot of decent ideas out there, that could cushion the effects of this recession.

We don’t even need to “give” them the money – you can loan it to them at zero interest, but with monthly payments after a while.

]]> By: js http://www.doctorhousingbubble.com/the-four-horsemen-of-the-economic-apocalypse-lessons-from-the-great-depression-part-xx-housing-distress-stock-market-tanking-commodities-collapsing-and-unemployment-surging/#comment-26322 js Thu, 30 Oct 2008 18:59:36 +0000 http://www.doctorhousingbubble.com/the-four-horsemen-of-the-economic-apocalypse-lessons-from-the-great-depression-part-xx-housing-distress-stock-market-tanking-commodities-collapsing-and-unemployment-surging/#comment-26322 Wages aren't the only sticky thing in adjusting downward. Houses of course are sticky, but heck RENTS are sticky even. Have you ever signed a year lease? Rents are sticky until there is turnover (old renters moving out, new renters moving in) come to think of it it operates in much the same way jobs do! Anything you buy a year or more at a time is sticky (think insurance also). So I don't get the argument that only wages are sticky. But I do get why no one wants to take a pay cut when none of their living expenses are declining with the exception of gasoline!!! Really, when have you actually saw something that constitutes a cost of living GO DOWN in price? Houses that are still out of the price range of the vast majority of people, don't really count for much. I guess the whole sticky wages thing is Keynes. Well yea, but he was talking about the Great Depression where we had 1) unions keeping wages much more sticky than lack of job market turnover will (as I said lack of market turnover is no more sticky than lack of renter turnover for instance) 2) REAL DEFLATION. I'm very doubtful we have any resembling real deflation now. We do have crashing asset prices. In the Great Depression the cost of living actually went down (which didn't help much if you were unemployed but ....) Wages aren’t the only sticky thing in adjusting downward. Houses of course are sticky, but heck RENTS are sticky even. Have you ever signed a year lease? Rents are sticky until there is turnover (old renters moving out, new renters moving in) come to think of it it operates in much the same way jobs do! Anything you buy a year or more at a time is sticky (think insurance also).

So I don’t get the argument that only wages are sticky. But I do get why no one wants to take a pay cut when none of their living expenses are declining with the exception of gasoline!!! Really, when have you actually saw something that constitutes a cost of living GO DOWN in price? Houses that are still out of the price range of the vast majority of people, don’t really count for much.

I guess the whole sticky wages thing is Keynes. Well yea, but he was talking about the Great Depression where we had 1) unions keeping wages much more sticky than lack of job market turnover will (as I said lack of market turnover is no more sticky than lack of renter turnover for instance) 2) REAL DEFLATION. I’m very doubtful we have any resembling real deflation now. We do have crashing asset prices. In the Great Depression the cost of living actually went down (which didn’t help much if you were unemployed but ….)

]]> By: OILWELLDOCTOR http://www.doctorhousingbubble.com/the-four-horsemen-of-the-economic-apocalypse-lessons-from-the-great-depression-part-xx-housing-distress-stock-market-tanking-commodities-collapsing-and-unemployment-surging/#comment-26301 OILWELLDOCTOR Thu, 30 Oct 2008 02:20:15 +0000 http://www.doctorhousingbubble.com/the-four-horsemen-of-the-economic-apocalypse-lessons-from-the-great-depression-part-xx-housing-distress-stock-market-tanking-commodities-collapsing-and-unemployment-surging/#comment-26301 Hi Doctor, used to be you were one of the few preaching the fall of the empire. Have to admit, with the mainstream media finally "getting it" I visit your site less often. > America moves closer and closer to the left. National healthcare, to nationalized banks (with buddies and girls too!). A living minimum wage. All nice stuff.... yes indeedee, I like it! > Too bad we don't have the guts to pay for it. Instead put our kids in hock to the Chinese and Arabs. Hi Doctor,

used to be you were one of the few preaching the fall of the empire. Have to admit, with the mainstream media finally “getting it” I visit your site less often.
>
America moves closer and closer to the left. National healthcare, to nationalized banks (with buddies and girls too!). A living minimum wage. All nice stuff…. yes indeedee, I like it!
>
Too bad we don’t have the guts to pay for it. Instead put our kids in hock to the Chinese and Arabs.

]]> By: SEAN http://www.doctorhousingbubble.com/the-four-horsemen-of-the-economic-apocalypse-lessons-from-the-great-depression-part-xx-housing-distress-stock-market-tanking-commodities-collapsing-and-unemployment-surging/#comment-26295 SEAN Thu, 30 Oct 2008 00:28:19 +0000 http://www.doctorhousingbubble.com/the-four-horsemen-of-the-economic-apocalypse-lessons-from-the-great-depression-part-xx-housing-distress-stock-market-tanking-commodities-collapsing-and-unemployment-surging/#comment-26295 Cumpas rose, are you reading my mind again? Cumpas rose, are you reading my mind again?

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