Good Financial News For People Who Like Bad Financial News
BBC graph of home price changes expressed in percents.
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BBC graph of home price changes expressed in percents.
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I hate the words “I told you so”
Here’s a graph showing home values over more time.
I was surprised to see that the current housing bubble
iswas more than twice as big as the post-WWII housing boom.Get ready, for March when the REAL commodity based forecasts go from bad to worse- well much worse. Beware the ides of March….did some historical figure once say that?
Re: Home foreclosures! Barney Frank is Chair of the Committee working on this issue. They are asking that the “states” buy up these homes and turn them over for affordable housing. They are requesting the feds deliver some bucks to the states to do this!
I know that in Wilmington several housing groups are trying to do it, but unless some fed money comes in…there is a limit. The problem: where is Carper, Castle and Biden and are they requesting these monies for Delaware?
You will note that not on radio station (at least in NCC) have even addressed this horrendous issue, although both WILM and WDEL are running ad naseum commercials for some idiotic group from PA, of “how to make a fortune on the unfortunate “. If you look into this issue you will find that the no regulations against the banksters, mortgage company lenders, ran a scam operation on the working poor, giving them mortages that they knew they couldnt afford, and put in fine print (not full disclosure) these mortgages that were then sold to the european/asian markets, now causing those countries to be part of this worldwide mortgage bust!
Liz it is being orchestrated in England. I assure you.
Go see my post on Delaware Libertarian about unrestricted warfare, economic war is part of that.
Brian, based on this and the previous thread on this topic, you sound like a goddam LaRouchie.
You claim there is a conspiracy of “London Bankers” which, if you are as smart as you sound, you know is historically a code word for the Rothschild family and others, and that “London Banker” was a well-known code word used by early 20th century fascists and anti-Semites.
Even if you don’t mean it that way, you should know better. If you want to convince people, lay out how the conspiracy works and maybe someone will read it and care.
The tilt of capital away from the US and toward European and Asian markets is a natural consequence of the industrialization of India and China and the Pacific Rim and the new economic participation of the former Soviet Union.
Yet you keep talking about some conspiracy orchestrated in London.
Why the urge to scapegoat?
And then, you keep alluding that you have the secret plan to save the world with some new economic interpretation of the Monroe Doctrine and “Pan-Americanism.” What the hell is that? Would you have Mexico bar Chinese goods from their Pacific ports? Would you shut down the Seattle and L.A. ports?
What is a Larouchie? I am sorry I do not know what that is…but I am sure given the tone of your message it is some tin foil hat thing.
I just noticed that the majority of the financial networks and their disruptions from Pakistan to a farmer in Ohio’s bankruptcy were being bought or were already owned by banks like ROC connected with London. I want more free and biltareal trade not less, but whenever any system becomes destructive of those ends, it is important to change it to ensure that the people- bankers included- do not become so ideoloigcally rigid we lapse into more serious fiscal problems. Which we are now.
I do not think it is a conspiracy, and wonder how many times am I going to have to say that, I think it is a type of economic warfare. Fuck, Sarkosy said we were about to have an economic and trade war when he spoke at congress. What happened did they forget to tell you that part? You can go over there and read his text.
LaRouchies are the followers of Lyndon LaRouche. They are the cultlike folks who usually have a table set up in front of DMV, at least the one in New Castle.
LaRouche’s paranoia and insanity are too broad to catalog here. But he sees global economics as a power struggle between elites centered in London and Old Europe.
http://en.wikipedia.org/wiki/Views_of_Lyndon_LaRouche
http://www.publiceye.org/larouche/nclc4.html
I am not going that far by any means. All you need to do isread what Sarkozy said and the work of Henry K. Liu from China “How trade Wars become Shooting Wars” to get the idea. Liu is no looney.
So can we all agree that the de-regulating Right is to blame for this? There has to be someone to blame….
The right that does not de-regulate the things that need deregulation. And yes they are to blame for all of this.
“LaRouchies are the followers of Lyndon LaRouche.”
Think Ron Paul, only Democrat.
Ok. So now the real comparison’s begin between a libertarian and a guy who ostebsibly is a wack job. I was thinking he is more like John McCain post fellacio with a lobbyist smoking weed- given his positions. I’m just sayin’
Wait until March and we will see if I did not hit this one on the nose. The Commodity futures markets get all haywire in March which does not mean anything good can come from it.
Get Ready for March 7-14 to be the rollercoaster ride of a lifetime. The fundementals are begining to go bananas. Ray if you are there I want you to comment. This looks like a big hit coming.