patrick.net

Remember also they were saying a GREAT TSUNAMI of unsold homes were going to flood the market...The "shadow" inventory
was about to hit? Prices would drop again and again making houses almost worth nothing. It was only Jan 14th he called it a FAKE housing recovery only 4.5 months ago? No doubt it is manipulated by the feds and other power brokers BUT WHO CARES? Tell me what isn't manipulated in the economy or in life?

Just get on board and enjoy the ride. Make hay while the sun shines.

robertoaribas says

when someone says "Keynesian" as an insult, I know I'm dealing with a dumbasss. It is like saying "liberal" as an insult.

Right back at you dumb ass

robertoaribas says

why waste my time with someone who won't understand it anyways.

Right back at you.

robertoaribas says

You quote this post, to try to embarrass me????

No you don't need any help

As I stated above it was the Nov 14, 2010 post I was referring to

robertoaribas says

you are an imbecile. That post pointed out the dangers of too much QE, and the fact that, at that time, it couldn't save housing...

As stated earlier, you are very ignorant, and don't even know what Keynsian economic theory is.

And oddly, at that time, housing still had more to fall, and i wasn't generally bullish on it. WOW, I should be so embarrassed about being right then too!!!!

You are still missing the point of how the economy works and the most important aspects.

indigenous says

robertoaribas says

you are an imbecile. That post pointed out the dangers of too much QE, and the fact that, at that time, it couldn't save housing...

As stated earlier, you are very ignorant, and don't even know what Keynsian economic theory is.

And oddly, at that time, housing still had more to fall, and i wasn't generally bullish on it. WOW, I should be so embarrassed about being right then too!!!!

You are still missing the point of how the economy works and the most important aspects.

It's very kind of you to supply the key details.

These attack threads are completely unnecessary. It's immature, and really lowers the quality of the forum.

Let's be honest Roberto. You're smart, intelligent, and made some good investment moves based on the market. You don't really need to bash anyone to get a point across. Do you?

I don't get the vibe that anyone in this forum understands Keynesian economics. First of all, which Keynesian philosophy are you referring to? New Keynesians do not consider themselves "naive" Keynesians. There are two fundamentally different schools of thoughts among the Keynesians. What people often refer to as Keynesian is actually monetarism. What I see is the people on this forum who are benefiting from our country's new status as a plutocracy, and those who are oppressed by it, arguing and sometimes digressing to being terribly rude to one another. Can we have a dialogue without the nastiness? Are you all that incredibly sure you are right? It makes the whole forum look like a place for individuals with narcissistic personality disorder to have somewhere to congregate.

hrhjuliet says

Can we have a dialogue without the nastiness? Are you all that incredibly sure you are right?

That's what I feel too. I learn a lot from my own experience in the banking industry, and I learn a lot from people on this board.

I think this forum could be great if people traded ideas on how to capitalize on the market, what moves worked, and what moves probably won't. All without the "you're a moron", "you're stupid", "you were born dumb!"

Personally, one thing I failed to realize was the amount of government intervention this administration would pour into housing. QE1, QE2, QE forver... bailouts... etc. Totally missed that.

Goran_K says

hrhjuliet says

Can we have a dialogue without the nastiness? Are you all that incredibly sure you are right?

That's what I feel too. I learn a lot from my own experience in the banking industry, and I learn a lot from people on this board.

I think this forum could be great if people traded ideas on how to capitalize on the market, what moves worked, and what moves probably won't. All without the "you're a moron", "you're stupid", "you were born dumb!"

Personally, one thing I failed to realize was the amount of government intervention this administration would pour into housing. QE1, QE2, QE forver... bailouts... etc. Totally missed that.

Exactly. No, I also didn't see the government bailout coming, but of course I never thought I'd live to see the day my country became a Plutocracy governed by corporations and influenced by insurance companies and real estate associations. I think I kept having the foolish hope that our country was better at our roots than that. Well, even good roots can rot if not protected and nurtured. I grew up in a family that honoured the Constitution and the ideals of marginal utility, and believed that something closer to the Austrian school of economics could end our austerity dogma.

hrhjuliet says

but of course I never thought I'd live to see the day my country became a
Plutocracy governed by corporations and influenced by insurance companies and
real estate associations.

And shills and pundits willing to viciously defend them.

hrhjuliet says

Exactly. No, I also didn't see the government bailout coming, but of course I never thought I'd live to see the day my country became a Plutocracy governed by corporations and influenced by insurance companies and real estate associations. I think I kept having the foolish hope that our country was better at our roots than that. Well, even good roots can rot if not protected and nurtured. I grew up in a family that honoured the Constitution and the ideals of marginal utility, and believed that something closer to the Austrian school of economics could end our austerity dogma.

Well, we don't build stuff anymore. Finished goods, and services reign supreme. Those guys are driving Ferraris on PCH.

The speculators and rent seekers are picking up the crumbs those guys leave behind. Sure it's not productive, but it's profitable enough to make them think they are wealthy.

I'm sure that everyone knows that we are required to comment on all other threads & comments. I got to get to work.I need to prove how brilliant I am.

bubbabear is just background noise. nothing worth mentioning.

robertoaribas says

mine was in mathematics applied to economics, UC Berkeley.

Why am I not surprised you went to Berkeley...

hrhjuliet says

I never thought I'd live to see the day my country became a Plutocracy governed by corporations and influenced by insurance companies and real estate associations.

I read an old classic recently -- Styron's Lie Down in Darkness...in it, one of the characters -- a real slimeball -- is discussing how he and a few other of his Real Estate broker buddies are going to be traveling to DC to lobby for some legislative measure that'd help put more bread in their fat little hands. The story takes place in 1942. Point being, it's always been some shade of shit since before when...

Jody buddy, I was by your hood the other weekend on the way to Vegas. Why does the 15 freeway have so many stripper club advertisements? I had to try really hard not to get distracted!

More than anything, it's just a trendy fitness thing going on out here at the present...sort of the hot yoga of the high desert.