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I love how the economics forum is basically a person living at home with their parents, saving money off them claiming they can’t move or afford anything, a mimimum wage wage burger flipper who can’t afford housing but drones on and on about, and then a fed rambler who thinks central banks are criminals.
and of course their view of things is the only correct view and the only way things can play out .
in fact i seem to remember our resident fed basher c2bp saying something about not caring about investments , growing his money or the economy collapsing since he was born in to wealth.
yet they know what is best for all of us and have sooooo much knowledge and experience in economics that they are experts . . ha ha ha
All you have to do understand economics and Fed manipulations is to follow common sense. Like; "Growing Debt is NOT the same as growing the economy. The Fed only managed to grow DEBT since 2001 to simulate or fake economic growth and blow bubbles." or "If our economy is doing just fine, then why is homelessness at levels not seen “since the Great Depression” in major cities all over the country?" or "Why The U.S. homeownership rate has just fallen to its lowest level since the Census Bureau began tracking it in 1965 if our economy is doing so good?????
You people are afraid to face or acknowledge the truth because you are benefiting from this corrupt and criminal socialist system!!!
All you have to do understand economics and Fed manipulations is to follow common sense. Like; "Growing Debt is NOT the same as growing the economy. The Fed only managed to grow DEBT since 2001 to simulate or fake economic growth and blow bubbles." or "If our economy is doing just fine, then why is homelessness at levels not seen “since the Great Depression” in major cities all over the country?" or "Why The U.S. homeownership rate has just fallen to its lowest level since the Census Bureau began tracking it in 1965 if our economy is doing so good?????
You people are afraid to face or acknowledge the truth because you are benefiting from this corrupt and criminal socialist system!!!
When you continue growing debt after Business Cycle ends (year 2001 - PRESENT) you only create asset bubbles. In fact we have a LOT of bubbles to pop. How do we do that: raise interest rates. We should have begun raising rates in 2001, and we should have raised them until now. Destroy debt; protect the dollar; replenish Savings during the Saving Cycle (2001-PRESENT). During the Spending Cycle (1983-2001), lower rates and encourage Growth.
Economic Growth is periodical (latest real economic expansion or growth was from 1983 till 2001) and when Growth ends raise rates, limit new debt and destoy old debt.
We needed higher interst rates in 2001 to keep the rich from becoming richer and the poor from becoming poorer -- and what did we get? Lower interest rates. The rich have never been richer; and the poor are now DEBT SLAVES!!!
and of course their view of things is the only correct view and the only way things can play out .
in fact i seem to remember our resident fed basher c2bp saying something about not caring about investments , growing his money or the economy collapsing since he was born in to wealth.
yet they know what is best for all of us and have sooooo much knowledge and experience in economics that they are experts . . ha ha ha
Indeed, it would seem the old idiom of rags to riches in 3 generations and riches to rags in 3 generations still has some truth to it. Any wonder on how that occurs?
Oh no...my life of pleasure will be interrupted if I can't get higher yields from my bonds while doing nothing. Oh no, people are passing me up left and right from their own labor and investing in the market that is, not the one I want.
America may not be perfect, but no place is. If you can't make money here, good luck elsewhere. If the coop wants to talk about nosebleed housing costs that's unfair, maybe a comparative look at the housing costs in Hong Kong, Shanghai, Saigon, Moscow etc may allow for some decent reflection.
According to the Federal Reserve Board's 2016 Survey of Consumer Finances. median net worth of homeowners is $231.4K and median net worth of renters is $5.2K.
Looks like homeowners are really taking off financially..last I looked, the ratio was more like 35:1
You're doing everything you can to avoid answering the question.
Again, I'm trying to establish if you are the poster who was so eager to rationalize faulty logic that a hilarious attempt was made at claiming only a few hundred people work outside in Phoenix, thus validating the nonsensical fears about dying from exposure if moved from the SF Bay Area to another city.
Was that you?
btw = I lived in Phoenix for 20 years and never saw 120, it's been that temperature but it's quite rare and a newsworthy event. Yet another example of the lies you tell yourself.
According to the Federal Reserve Board's 2016 Survey of Consumer Finances. median net worth of homeowners is $231.4K and median net worth of renters is $5.2K.
Looks like homeowners are really taking off financially..last I looked, the ratio was more like 35:1
Sounds pretty good to me. We made almost $250K in equity in 14-years while living inside the Beltway!
Envy drives the OP, so it's no wonder he tries to make an issue of the opportunities available in America.
"It's Official: Fed says homeowner median net worth 44x renter net worth"
"Median" only means half of the homeowners SURVEYED had 44X more and half the renters; and half had less than 44X. This is not an 'average' of all homeowners or renters.
Further, a total net worth of homeowners of $231K, versus renters with a $5K net worth, seems low (and misleading) on both counts. The 'average' U.S. home price in 1/2016 was about $220K. Likewise, the median average household savings was $33K+, while the 'average' household savings was $33K+.
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