U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-16-2018, 10:59 AM
Status: "delete" (set 22 days ago)
 
3,189 posts, read 1,275,587 times
Reputation: 2351

Advertisements

As all of you should know, consumer credit card debt is at an all time high, personal savings rate is at 2007 levels, student loans and auto loans are at all time highs, and the S&P/Case-Shiller U.S. National Home Price Index is at the highest level in history.

So what are your banking buddies doin about it???

https://www.bloomberg.com/news/artic...l-fed-s-impact

https://www.bloomberg.com/news/artic...d-of-next-year

https://www.housingwire.com/articles...quity-business

https://www.housingwire.com/articles...-what-happened

Yeah, that's right. They sold it all. Why? So they can come right back in and buy up properties for fractions of the price.

Just watch.

The bankers are your friends.
Reply With Quote Quick reply to this message

 
Old 02-16-2018, 01:11 PM
 
17,625 posts, read 12,211,350 times
Reputation: 12859
Quote:
Originally Posted by Jobster View Post
As all of you should know, consumer credit card debt is at an all time high, personal savings rate is at 2007 levels, student loans and auto loans are at all time highs, and the S&P/Case-Shiller U.S. National Home Price Index is at the highest level in history.

So what are your banking buddies doin about it???

https://www.bloomberg.com/news/artic...l-fed-s-impact

https://www.bloomberg.com/news/artic...d-of-next-year

https://www.housingwire.com/articles...quity-business

https://www.housingwire.com/articles...-what-happened

Yeah, that's right. They sold it all. Why? So they can come right back in and buy up properties for fractions of the price.

Just watch.

The bankers are your friends.


It’s almost as though you post stuff without reading it or at the very least understanding it. Two of your articles are more than a year old one of those talking about mortgage servicing, one is capital one getting out of the mortgage business because they can’t make money and the last is about how the GSE’s were impacted by the tax changes and changes in how they handle their reserves. I’m not even sure if there is a coherent point to this all
Reply With Quote Quick reply to this message
 
Old 02-16-2018, 01:36 PM
 
Location: Ohio
18,013 posts, read 13,243,316 times
Reputation: 13797
Quote:
Originally Posted by Lowexpectations View Post
Itís almost as though you post stuff without reading it or at the very least understanding it. Two of your articles are more than a year old one of those talking about mortgage servicing, one is capital one getting out of the mortgage business because they canít make money and the last is about how the GSEís were impacted by the tax changes and changes in how they handle their reserves. Iím not even sure if there is a coherent point to this all
Thanks for saving me the trouble.
Reply With Quote Quick reply to this message
 
Old 02-16-2018, 01:48 PM
 
2,769 posts, read 1,498,302 times
Reputation: 2173
Quote:
Originally Posted by Jobster View Post
As all of you should know, consumer credit card debt is at an all time high, personal savings rate is at 2007 levels, student loans and auto loans are at all time highs, and the S&P/Case-Shiller U.S. National Home Price Index is at the highest level in history.

So what are your banking buddies doin about it???

https://www.bloomberg.com/news/artic...l-fed-s-impact

https://www.bloomberg.com/news/artic...d-of-next-year

https://www.housingwire.com/articles...quity-business

https://www.housingwire.com/articles...-what-happened

Yeah, that's right. They sold it all. Why? So they can come right back in and buy up properties for fractions of the price.

Just watch.

The bankers are your friends.
Some of my friends *are* actually bankers, and some of them agree, at least with part of your nuance.

Seriously though, learn how to support your proposals more succinctly. As they say, you will catch more flies with honey...
Reply With Quote Quick reply to this message
 
Old 02-16-2018, 02:22 PM
 
64,618 posts, read 66,129,695 times
Reputation: 43031
Quote:
Originally Posted by Lowexpectations View Post
It’s almost as though you post stuff without reading it or at the very least understanding it. Two of your articles are more than a year old one of those talking about mortgage servicing, one is capital one getting out of the mortgage business because they can’t make money and the last is about how the GSE’s were impacted by the tax changes and changes in how they handle their reserves. I’m not even sure if there is a coherent point to this all
if it has a negative connotation up it goes . i almost ready for ignore . enough is enough with this crap every day. it ends up just being a waste of time even reading this stuff
Reply With Quote Quick reply to this message
 
Old 02-16-2018, 09:39 PM
 
5,601 posts, read 4,208,217 times
Reputation: 10562
It is a shame there does not seem to be any way for the forum moderators to put an end to this.
Reply With Quote Quick reply to this message
 
Old 02-17-2018, 03:16 AM
 
64,618 posts, read 66,129,695 times
Reputation: 43031
the mods don't really want to get involved screening things for accuracy as well as most of it is opinion even if we don't agree . but that is what ignore is for .
Reply With Quote Quick reply to this message
 
Old 02-17-2018, 04:10 AM
 
4,729 posts, read 2,259,491 times
Reputation: 8775
Yeah I don't think it's necessarily a violation of any community standards to irrationally chase a conclusion. They come and they go... jimhcom, RichRF, ContrarianEcon, jotucker, etc. when enough time passes without their predictions of collapse working out they tend to get tired of it and move on. Sometimes previous rock stars make brief reappearances when stock market falls but when it recovers they lose interest again.

Maybe a case could be made for moving some of the threads to the mental health forum?
Reply With Quote Quick reply to this message
 
Old 02-17-2018, 04:25 AM
 
64,618 posts, read 66,129,695 times
Reputation: 43031
in the investing forum the thing that is stressed is that the key to being a successful investor is time in the markets , not timing them . timing them can add a bit of alpha if you get things right but even if you didn't you would be fine over the long term no matter what conditions were when you bought in .

i did the bulk of my early investing at the worst possible time , the highs before the 1987 crash .

even if i waited assuming i could predict things and bought in at the low of 1735 on the dow , do you really think it matters today at 25-27,000 ?

of course not and that included the lost decade for stocks and a crappy 15 year period . .


so all this preaching of negativity does is have newbees ready to invest or on the fence second guess doing it .

the reality is in my 30 years of investing i can tell you there was never a point where you can say okay all clear , invest now . i remember getting my gold bug newsletter in the 1980's calling for total collapse of the dollar and equity markets . gold and silver were going to the stars .

well how did that pan out ? not very well . the same is true for every single time frame , including the one the great depression was part of . at the end of the day you would have done well jumping in at any point in time and just looking again decades later when it was time for that money to be needed .

every year there are loads of reasons why not to invest , there is always some crises ready to spring . if you believed your own bull it just made you a lot poorer .

you have those so afraid of losing money they preach equities are gambling , yet the math shows cash instruments in retirement are the riskiest asset because they failed to even last through more than half the 30 year periods we already had unless you take a substantial pay cut from what you could have drawn using even 40% equities .

most talk about how they can't afford to drop in the down turns , yet even at the lows the balance left is higher than they would have by not investing .

yet they argue and argue and try to make a case for their behavior . some things just have no logic to them .

Last edited by mathjak107; 02-17-2018 at 04:48 AM..
Reply With Quote Quick reply to this message
 
Old 02-17-2018, 04:59 AM
Status: "delete" (set 22 days ago)
 
3,189 posts, read 1,275,587 times
Reputation: 2351
Quote:
Originally Posted by Lowexpectations View Post
Itís almost as though you post stuff without reading it or at the very least understanding it. Two of your articles are more than a year old one of those talking about mortgage servicing, one is capital one getting out of the mortgage business because they canít make money and the last is about how the GSEís were impacted by the tax changes and changes in how they handle their reserves. Iím not even sure if there is a coherent point to this all
Yeah, I was lazy yesterday, but it doesn't matter what the articles say. The fraud will be perpetuated. It's almost time, so I have no problem because the banks will validate me with their behavior.

I didn't look hard enough to find examples of them selling, but they will. I mean, banks aren't stupid. The consumer is squeezed. That's exactly what I would do. Let the market crash, buy up houses for pennies, rent them out.

Easiest way to make money. Over 9 million households pay 50% of their income towards mortgage and rent. This is EASY money for banks.

So like I said, it doesn't matter what the articles say. I'll get validated by their actions. It's almost time.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top