I'm not riled up lol. I've been saying the same thing SINCE the GFC, lol. Well, I guess maybe I am a little riled up, because I would expect this stuff from the democrats, not the republicans.

The democrats are so far gone im not sure that even means what it used to.

Republicans ain't much better anymore either.

Learned that at an early age. Annexation into the city changes lots of things. Dad's plans for a multi unit mobile home park were dashed by city ordinances requiring major investments into his own property for homes to be moved in. Priced him out of his plans. A few years later he sold the property to a Mexcan feller and now there are multiple units housing those fellers from the south with not a single requirement expected of my dad applied to those folks that came from south of Texas.

Unfortunately, she is becoming a minority. Team free market capitalism.

I remember when MA BELL wanted total control of telephones .
A monopoly , the government stopped it, yet under a different control of government, that changed!
More to think about than just one or two companies in todays world.
The idea was to have competition , to keep prices down.
Seems that's a lost cause anymore.
Capitalism only works if it has controlling factors, as a limit as to how much control each has.
Seems that a certain party felt they had more control over Spirit airlines than they really had.
Yet because of certain factions, got away with it.

Just a side note , the Wall Street Journal isn't much different than CNN.

I googled GFS and didn't know you were talking about the housing thing if you were. Here is the rest of my story if you are interested. In 02 I started my job and got married and had a kid and bought a house and started a family. I refinanced that house three maybe even four times. We didn't have a down payment for the first mortgage and had PMI insurance and I want to say it was at 8% interest rate, plus the PMI. It took a couple years of working in the factory and paying that down and fixing up the place but in a couple few years I refinanced and got rid of the PMI and also got a lower interest rate. Maybe say 6%. Rates kept going down and I eventually got 4 point something %. I lived there for 20 years and all the home values went up like you are saying. Especially in the area of a good school everyone wants to send their kid to. Sell in the fall and name your price kind of market. Fantastic for me, maybe not someone looking to buy, but I lived there 20 years, paid it off, and actually while I was layed off in 08 I ran up a credit card and finished the upstairs from studs for the kids bedrooms. So my home value went up, I also added two bedrooms and a bathroom, and I cashed in that investment after 20 years. I didn't plan to but in like 22 or so we went to look at a house. It didn't want to go look at a house but went to save an argument. Well we walked in and then I was like well dang now I got to buy a house. So I sold house #1 and its equity, used that as a down payment on a bigger place, financed that new place for 2.5% and with using all that equity for the down payment my house payment is the same as it was as the old place and was a new place with an upgrade. Now here we are 5 years later or so and its equity has also gone up and I'm locked in at the 2.5%. I've since learned that with inflation "saving" money in the bank looses money to inflation but assets increase in value during the same inflation. So if inflation is going to go up, like they are going to start printing money and inject it into the government/economy, like the value of dollar is going to go down or be worth less, then the value of assets (homes, stock market (sp500)) are going to go up... while your cash in savings is actually going to go down. So I don't know how you are supposed to save up for a house now b/c if you are just starting out and trying to save money, its just losing value while the houses get more expensive and you just cant ever catch up. Add in that black rock was buying up all the housing to air bnb everything out and things get messy real quick.

Don't forget that terrorists are trying to end the world (b/c that is when their god returns to earth, behold that guy riding the pale horse that brings death and destruction, Revelations 6:8, thats their god coming down from heaven.) and that they most likely infiltrated our government and is why the dems are acting the way they are. Crazy. God speed.

Hopefully that helps someone somehow. Good luck.

“ Capitalism only works if it has controlling factors” is false

“Controls” are the problem and bring cronyism,over regulation,barriers, etc

They create more problems and cause unintended consequences like what caused the GFC

People do not trust the invisible hand of the free market as much as the government promises to make them the winner.

OB, that’s why so many young people are now forced to live at home until there30’s,,,have 2 incomes,,, and no kids

It’s only going to get worse

To get ahead nowadays,,, you need to earn more than basic inflation + currency debasement on your savings

It’s still possible to get ahead,,,,

But most folks don’t understand what’s happening

IMHO you need to be earning a minimum 11% +\_ a couple %,,,,, just to break even on savings/investments

Anything less and your losing money

yeah here in ohio you are lucky to get a yearly 3% raise.

Couldn’t have said it better! And the “crisis” in 08 was manufactured and made out to be 10 times worse than it was. “The great resection” good grief

I graduated in 08, the crisis was real for me. Trying to find good jobs was tough. It's likely why I've maintained the scarcity mindset I grew up with.

If you think the breakup of the Bell system was about competition, you need to research a little more.

I read that comment of his, started to reply, and then figured it's just not worth it. With so-called conservatives with the mindset of OW and OB, it's no wonder this country is in the shape it's in. SMH.

Country in what shape? Stock market with all time highs?

There's more to "the country" than the market. I also do not believe the market is anywhere near its intrinsic value... it's extremely inflated IMO due to... well several reasons but primarily excessive fiscal stimulation. But market aside, my comment was more in reference to the willingness of society to accept government intrusion in every aspect of their lives.

Stock market is all time high. Unemployment is an close to an all time low. You still seem to be wanting to talk theory when we have actual data and Im not sure I understand why.

The market is not the only measure of a healthy economy.

You have married 30 year Olds working full time jobs and they can't afford a house, they're putting off having kids, they worry about an accident or disease bankrupting them with medical debt but all they hear is "economy is great, look at the market!" Coming from a legion of boomers who grew up during the most prosperous economic time in world history

This is a terrible metric. In reality, the top 10% own over 90% of US stock, the top 1% own own 50% of mutual funds. An all time high stock market sounds great in theory until you actually consider how few people benefit from it. It is good for the ultra wealthy though and they are lucky to have so many regular folk thinking governments are working for them instead of the ultra wealthy.