joined 2011 Mar 8, 2:40pm
ignore ignoring EconPete
Housing bubble 2.0
on 14 Jan 2018
, latest 5 hours ago http://www.businessinsider.com This is a great article that uses the Case-Shiller housing price index to compare home affordability today to the bubble ten years ago. This is eye opening!!
Crypto currency and the future!
on 13 Jan 2018
, latest 4 days ago The Glass-Steagle law was enacted during the Great Depression to separate sectors of the banking industry from insurance and investment. The repeal of that law allowed for the housing and...
When do homes depreciate if they never go down in value?
on 23 Apr 2012
, latest 4 years ago Homes are always deteriorating, due to the 2nd law of thermodynamics, and thus should always be devaluing. It would be irrational to assume otherwise. Nothing on this earth is resistant...
To Redistribute or to Not Redistribute?
on 27 Oct 2013
, latest 4 years ago It is true that the top 1% of wealth holders in the U.S. have 40% of the wealth and that the bottom 40% of wealth holders hold about 2% of...
Baby boomers will be poorer than their renting children when housing deflates!
on 27 Oct 2012
, latest 5 years ago http://www.cepr.net/documents/ This analysis looks at the net worth of baby boomers in two age groups and determines who is wealthier; homeowners or renters. This paper was written in 2008 without...
Median House Price vs. Nominal Interest Rates (1980-2011)
on 18 Apr 2012
, latest 5 years ago This data clearly shows the relationship between interest rates and home prices. The graph has an R squared of 0.8828 (excellent for a social science). From this information we...
Inflation is a symptom and representation of industry socialization
on 4 Jul 2012
, latest 5 years ago Industry price inflation is a symptom and representation of industry socialization. Deflation is synonymous with capitalism. When a desired new product is developed in the economy there is little competition...
Public Ponzi debt will explode in the near future!
on 24 Jul 2012
, latest 5 years ago Over the last 200 years the populations of the US and every industrialized nation has doubled rapidly. The US illustrates how over very short periods of time when the population...
We have an incentive to steal resources from future generations!
on 31 Jul 2012
, latest 5 years ago The concept of the â€œtragedy of the commonsâ€ has never been applied, that I know of, on an intergenerational basis. Because we collectively own the resources with the inhabitants of...
Eliminating health insurance will fix all healthcare problems!
on 8 Jul 2012
, latest 5 years ago The governmentâ€™s demand that everyone has health insurance is socialism. Why canâ€™t someone be self insured? Donâ€™t we own our own body? If someone makes a wrong calculation and doesnâ€™t...
Stocks will peak when the combined developed nationsâ€™ population peaks.
on 19 Jul 2012
, latest 5 years ago What makes stock values go up or down? Well, it depends on what driving factors are motivating stock valuations. Most people think stock fluctuations have to do with how much...
Public workers are communists, by definition!
on 15 Jul 2012
, latest 6 years ago Straight from dictionary.com comâ€¢muâ€¢nism noun 1. a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as...
Public teacherâ€™s high pay is not justified!
on 10 Jul 2012
, latest 6 years ago Many teachers claim their incomes are insufficient. Many times they are not compared to the private sector because most teachers have very little real world, private sector, experience. They do...
Unions are not the problem in the economy, public unions are!!!!
on 2 Jul 2012
, latest 6 years ago A union shop in a private company is still under many of the same capitalistic constraints as the company was prior to the formation of the union. If the company...
Voting is for irrational people!
on 26 Jun 2012
, latest 6 years ago The United States' political democracy elects their leaders based on the largest number of irrational thinkers. This can easily be proven! In the business world, companies and individuals are assumed...
High healthcare costs are a factor in the prolongation of the housing slump.
on 17 Jun 2012
, latest 6 years ago Many 55 to 65 year old working adults are putting off retirement because of the inability to pay extremely high health insurance. If these well paid workers, who would otherwise...
Stock fluctuations make even neutral % market adjustments a losing proposition!
on 13 Jun 2012
, latest 6 years ago The stock market is fluctuating every minute of every business day. Each time an individual stock drops 1% it needs a 1.0101% increase to get back to its starting value....
Patrick, what happened to the â€œDebt is Slaveryâ€ logo?
on 13 Jun 2012
, latest 6 years ago Maybe this statement was too strong for sensitive people? A softer message may be; Debt gives another person claim to your assets. If your assets fall short, the lender can...
The wealth distribution resembles the intelligence distribution.
on 12 Jun 2012
, latest 6 years ago Top 1% = 40% Bottom 40% = 2% This means that if the top 1 percent gave up just 2% of their share of the countries net worth they could...