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I've never lived during a better time. We are at our highest rate of earning since we've been married (20 years). My company is throwing around money like it's water for the first time in 10 years. Our house is worth more than ever. I don't know anyone un-employed right now.
I'm way ok with this economy.
I have felt that way for the last 7 years. In truth -- things are slowing down for my husband's industry but it is okay -- after 7 years of good steady growth... a little slowdown is okay. I'm more of a slow and steady wins the race rather than big booms and busts.
No. Again, I am counting on other readers to understand the point better than you do. Read your own link. The process dragged on, and the time expired because the States in question required the judge to sing off, which they did not do. You are trying to make connections where there are no connections.
Tens of thousands of people get free homes and there are "no connections?" Who's going to believe that?
The connection: They stopped paying their mortgage, got away with it, and got a free home, too.
This is a thread about feelings, not a real number or any real importance on the whole of the economy. Its an attempt to down play a good economy for political purpose based on feelings.
Under the Bush admin in 2006 and 2007 the same feelings were had. The people who trusted their "nagative Nancy" feelings then became rich off of the bubble. This time is no different...... The big cash grab is coming again. There is no way we can continue to sell services to each other without making stuff. The house of cards will fall. Either make money off others demise or be a victim.
Read your links before posting them. That's my advice to you.
I did. The judge himself said people are getting free houses. Too bad you're so averse to the truth, you might actually learn something if you opened your eyes.
They were paid for with $2 trillion worth of QE that went solely to buy GSE MBS that ISN'T marked to market, so the Federal Reserve can't sell them without exposing their losses. And they'll pay off for many people for another 20 years or so. Remember the math? $13,000/year in payments that never have to be made for a $200,000 mortgage. That's $260,000+.
I did. The judge himself said people are getting free houses. Too bad you're so averse to the truth, you might actually learn something if you opened your eyes.
They were paid for with $2 trillion worth of QE that went solely to buy GSE MBS that ISN'T marked to market, so the Federal Reserve can't sell them without exposing their losses. And they'll pay off for many people for another 20 years or so. Remember the math? $13,000/year in payments that never have to be made for a $200,000 mortgage. That's $260,000+.
I don't know anyone who got a free house.
However you are getting closer as to how China can do so much for their people and so quickly.
Either off the books, secretive moneys or loans. Or loans forgiven on a massive scale in a secretive manner.
The Fairness issue again comes up.
Essentially a QE for the people is what we will need here in the USA to cover our HC, and maybe city housing. And in the far future probably national income/allowance. The money (USD) needed is too much for taxes to cover. Of course this can incite inflation. Or not. Depending on available resources.
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