You just jealous slavell my smoked butt is gooooood!

Again I ask what constitutes a plummet? The fed can't let allow another housing market crash to happen. Once rates get high enough and liquidity low enough they will juice the markets again. Lowering rates and more QE. Anyone with any sense knows that rates should be 6 to 10 percent to quash the inflation but is that even possible anymore. They fixed the 08 debt bubble by tripling down debt.

It doesn't take much of a sooth sayer to ocme on say there is going to be a correction in the markets, practically every investment bank has been saying that for at least the last 3 months.

Hang on boys and girls it's going to be a heck of a ride, lets just hope the republic survives it.

You should get a 900 number Jbird.

Hopefully it will be very, very bad. Bad enough for the chaos to warrant a fresh start which follows the original intent of the founders. Send all the traitors to the oath up north to live with bocoman.

Can't buy all those money losing MBS's this time. They already own them.

My SIL said his bank has consistently been loaning about 8 to 9 million every month for several months this month they loaned 6 million

So when are used cars going to go down??? I need to get one.

Traditionally thats how money is created. The fed creates money and puts it into circulation with loans.

The last dust up in the late 1700's we did send those loyal to the british monarchy to canada. Its a wonder to me why people are surprised at the politics of their offspring.

In the last depression money was wealth. It was still backed by gold. Plenty of actual gold in the form of coins were in circulation too. That money didnt disappear. It just quit circulating. Staying in the possession of an elite few. A handful of people fought back. They were known as bank robbers.

Wealth today is real property. If the dollar collapses the people who hold liens will own the lions share of property. Once again small local banks will be gone. A few big ones too.

Today we have welfare. Once all the real property is taken people will have to become wards of the state to survive.

dont put a lien on anything you cant afford to lose is my advice

This is exactly why my position over the last couple years was that the government's plan to handle the national debt would eventually be to inflate their way out of it. It seems to me that it's so large that it may be too late for smart fiscal policy to work. But high inflation could make it easier to service the debt. I do not believe that anyone in government has any intention to ever stop adding to the debt let alone begin paying it off.

Exactly right Dana I

So, in a nation with 30 Trillion in debt and 90 Trillion in total debt....
the moneys gonna run out.
In September.

Now. That. Right. There. Is. Funny.

No way the Feds will raise interest rates high enough to get inflation in check, so we will be stuck with inflation. We as a nation are in trouble financially and there is no easy way out.

Jbyrd63 wins every time.

Run,
We'd need to convene a posse to determine the meaning of "win."
That would take us at least into infinity and beyond.
I really enjoy Toy Story.

I wonder who should be on this posse.

Blessings,
Mark

About a 30 % price adjustment will happen. As for fixing the 08 crash the people that got "fixed were the bankers and big industry , The poor saps that paid twice what the houses were worth didn't get bailed out. They got foreclosed on. The banks got the property PLUS bail out monies. Why didn't the feds give the money to the peope earmark to pay the mortages? Because they are in bed with the banks. The banks would have ended up with the funds anyway but if it had been done that way they wouldn't have gotten all those properties to sale at PURE PROFIT . Don't matter what the banks have if average joe can't afford to pay the loan because the price was too high to begin with the prices will come down.
When I say the money will run out I'm talking about the publics funds to use for houses cars and play toys. Heck how many times does someone say "supply and demand " runs the price gouging train. Well the demand will drop because people won't have the make believe money from the market and the hand out money will dry up.....
Just my observation

exactly the cause of the money to run out. That gets the "plummet" started

Great comeback.

Two things the banks owned the houses not the homebuyers because they have the deed. So the homebuyers didn't pay twice what they were worth. Who knows how much they lost? The government bought them from banks probably because the only reason these people got loans is because the government guaranteed to buy them if the home buyers defaulted. This was the deal going in. If I remember right. HUD ended up with all the homes.

"How many HUD foreclosures are available for sale in Louisville, KY? Right now, Louisville, KY currently has 2,849 HUD foreclosure listings available."

Get you one!

I predict fur prices will stink again next year, pretty safe prediction.

As far as the poor saps in 2008.

"10.Why people were taking loans?
In those times, even those people who had no source of income were getting loans to buy home. These people had near zero capability to payback the mortgage, but they still took the loan. Why?

Their logic was, as the price of homes were only going up, they can use it to their advantage. Example: Take a $100,000 loan, and buy a home. After few months sell the home for $102,000. Use the sale proceeds to pay back the loan, and pocket the balance as profit.

People were taking mortgages to do trading of real estate properties. To help such borrowers, banks offered incentives. The loans had lower monthly payments for the first few months.



11. Bursting of the housing bubble
A stage was reached in the US housing market where the borrowers started defaulting on their loans. Why the default? Because it was inevitable. How?

The cause was subprime mortgages. The loans were issued to people who had little capability to payback the loan. Hence, they eventually could not afford the ‘monthly payments’ – and their property went for foreclosure.

At a point in 2007-2008, there were more houses on sale than there were buyers for it. This triggered a steady price fall. The housing bubble bursted."