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Old 10-06-2018, 03:14 PM
 
17,603 posts, read 12,191,120 times
Reputation: 12816

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Quote:
Originally Posted by C2BP View Post
Lol, your economic understanding is poor at best.

That’s a lot of irony in such a short statement
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Old 10-06-2018, 03:34 PM
 
64,507 posts, read 66,075,955 times
Reputation: 42955
Boy , you said it but that anti fed rhetoric makes for good stories anyway
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Old 10-06-2018, 05:10 PM
 
Location: Aurora Denveralis
2,961 posts, read 1,007,246 times
Reputation: 3776
Quote:
Originally Posted by C2BP View Post
A stronger dollar will cure us of our self-indulgent ways.
Are you sure you heard that right, through all the AM static?
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Old 10-06-2018, 09:41 PM
 
719 posts, read 397,522 times
Reputation: 1079
I don't think most of you are still aware that we are in UNCHARTED TERRITORY. We have never lived through a period like 2001-2019, with Central Banks all over the world essentially changing all the rules. None of you can look back to figure it out - because "borrowing" trillions from the future to spend today to delay deflation has never been tried before.

I think the ERA of FREE MONEY and the ERA of OPEN IMMIGRATION are finaly ending. UNWINDING all those FED trillions does WHAT to the economy? Well, it destroys dollars. Fewer dollars in circulation means a stronger dollar. Powell is taking his job seriously of unwinding Bernanke's big spendoff. How much unwinding does the FED have to do to get rid of the Bernanke bubble? Powell is doing what Bernanke did not have the guts to do.

Sometimes a "fix" isn't really a fix - sometimes it is a very large band-aid.
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Old 10-06-2018, 09:51 PM
 
Location: Riding a rock floating through space
525 posts, read 141,528 times
Reputation: 1372
Dollar inflation was rising too fast, this is the consequence. The housing and stock markets have been due for a correction for too long.
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Old 10-06-2018, 10:55 PM
 
16,476 posts, read 17,501,756 times
Reputation: 23521
Quote:
Originally Posted by C2BP View Post
Oh boy.......I think the party may be over and a Housing Bubble 2.0 maybe in a trouble. Let's hope our new Fed Chief Powell will keep raising interest rates and make our currency stronger and stronger. Strong Dollar will deflate fake and overinflated home prices, will burst this bubble and destroy all speculators who will be stuck holding the bag.

It's very important that most housing market speculators feel the pain and massive losses so that our housing market can be a normal market again and these shady characters don't think ever again to speculate with American homes and become American Vampires -sucking blood from hardworking americans.

This was a crazy time in our history where our housing market became a casino game for all those domestic and foreign speculators lookin for yield, buy to rent scheme, flip the house and etc. It's time to flush them down the drain into the sewer system. God bless our new Fed Chief and our strong US dollar. The FED UNWIND destroys dollars. Fewer dollars in circulation, the stronger the dollar.

Remember, there has never been any real economic recovery. Our economy has been dead since 2001. We have been spending our kids and grandkids money, future money, destroying their future so that we could fake or simulate economic recovery and growth with debt.

But now the ERA of FREE MONEY is ending. There is a lesson in this. Borrowed money is not free money. When the FED lowers rates and dangles "free money" in front of you, hoping you will take on more debt, you should think twice.

Good Luck!!!

You would need about 23% drop in prices to match a 5.5 loan today to a 3.5 loan two years ago. Given exact purchase price and terms.

What is your reasoning for the “crash” other than higher rates
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Old 10-06-2018, 11:31 PM
 
Location: Myrtle Creek, Oregon
11,039 posts, read 11,450,778 times
Reputation: 17182
Quote:
Originally Posted by johngolf View Post
In the early to mid 80's, I was getting 11% on my CD's and paying 14% for my mortgage from the same bank.......LOL
It was a disastrous time for the housing market. I bought in 1986, and the price was still 20% off from the peak in 1979.
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Old 10-07-2018, 01:51 AM
 
64,507 posts, read 66,075,955 times
Reputation: 42955
Quote:
Originally Posted by Electrician4you View Post
You would need about 23% drop in prices to match a 5.5 loan today to a 3.5 loan two years ago. Given exact purchase price and terms.

What is your reasoning for the “crash” other than higher rates
his standard answer " the fed " . it's always the fed ... in fact my milk turned sour this morning , i think its the fed's fault lol .
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Old 10-07-2018, 02:49 AM
 
719 posts, read 397,522 times
Reputation: 1079
Quote:
Originally Posted by Electrician4you View Post
You would need about 23% drop in prices to match a 5.5 loan today to a 3.5 loan two years ago. Given exact purchase price and terms.

What is your reasoning for the “crash” other than higher rates
Higher interest rates and a stronger US dollar is all you need to deflate this housing bubble 2.0. Strong Dollar is a Deflation Machine. As we have all witnessed this year during the peak season home sales have dramatically slowed down and price reduction are everywhere in the news. This phony housing market can’t even handle 4.75% mortgage interest rates.

Quote:
Home sellers slash prices, especially in California
https://www.google.com/amp/s/www.cnb...alifornia.html
Home sellers are slashing prices at the highest rate in at least eight years, especially in the West, where the price gains were hottest.
In the four weeks ended Sept. 16, more than one-quarter of the homes listed for sale had a price drop, according to Redfin, a real estate brokerage. That is the highest level since the company began tracking the metric in 2010
.

Imagine what 5.5% or 6% would do to those phony and overinflated housing prices. Timberrrrrrrrrr!!!!
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Old 10-07-2018, 02:54 AM
 
64,507 posts, read 66,075,955 times
Reputation: 42955
well 6-7% mortgages have always seen the best housing appreciation historically . so once again i disagree with your one size fits all comments . local markets determine prices . but keep predicting doom anyway , one day you may be right . you have been doing this for what 2 years now all with a pretty poor success rate.

i hope you really don't take your own advice .

june 2016 dow in the 17,000's , almost 10,000 points ago .

Quote:
Originally Posted by C2BP View Post
Dow futures down over 600 points.
Beautiful red screen all over, except for gold and silver



2016---
Quote:
Originally Posted by C2BP View Post
Gold and Silver continue to run, miners have doubled or tripled in recent months.
Dow up over 18,000 again but why? We known Yellen came to rescue and save the markets once again by saying we won't see 4 rate hikes this year. Stocks seem to be in a bullish mode, I get buy signals on most stocks.

US Economy is actualy slowing down, the entire global economy is a mess. Dollar has been weakened again, gold and silver up in a big way and will continue to run.

IBM reported earnings yesterday, revenue down for 16 consecutive months. Housing start numbers reported today for March and down almost 9%. Goldman Sachs revenue reported lowest revenue in 4 years,etc. and etc.

The only break US consumer got lately was lower gas prices and now that is threatened to go away because higher prices are much better for Americans then lower prices.

Higher housing prices, higher rents, higher food prices, higher gas prices, higher and higher prices are good, inflation is good. What about higher salaries and wages for American workers? What about creating good paying jobs in America? Well that is bad, that is not good, right?

This will not end up well, just saying!!!!
In the mean time buy, buy, buy, everything is great, God Bless Janet Yellen and our Fed heroes who are bankrupting America!!!!

Last edited by mathjak107; 10-07-2018 at 03:11 AM..
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