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Perhaps you could but a majority of consumers cannot. The system isn't conducive to consumer spending in the current housing environment, but to investors.
Housing is not failing.
eh?
Case-Shiller Shows Home Prices Still Falling but More Slowly
Weel it seems the debt chickens are finally coming home to roost, everywhere. Though the world has tried, piecemeal, to stanch the financial and economic bleeding out, the simple fact remains that the crisis will not be over until all the over-extended debt has been worked out of the system and some semblance of unencumbered growth can start.
That will be some time down the road since there is still so much debt to work out. There are no more magic bullets - what will be, will be.
The economic crisis shows no sign of abating and the slowing in global growth will continue apace. The enormous decline in U.S. bond yields is a sign of extreme investor distress. The European debt crisis is quickly coming to a head and the policies of austerity and ECB support will no longer be sufficient to calm markets and buy some time.
Political upheaval is already evident in Europe and governments can no longer impose austerity measures without popular uprisings. German willingness to take on more of the liability is in question; and, until that issue is resolved, the eurozone’s viability is uncertain.
So we are now into the real start of the decade that spans 2010-2020 it is the worse depression the world has seen and 2001-2008 were the war years in the aftermath of 9/11 and 2008 was when the economic crisis began and never Re-covered
If you consider Obama a lefty Socialist, I doubt your friends are true lefties, more like moderate or conservative Democrats.
Much of what Obama would like to do he can't do. Now granted his bowing down to Wall Street does question the lefty socialist label but it does make one question why liberal still support him.
But back to my main point. His budgets have been voted down without a single vote in support. That shows how out of touch he is and what his agenda would be if he was allowed to run the show like Chavez is.
Much of what Obama would like to do he can't do. Now granted his bowing down to Wall Street does question the lefty socialist label but it does make one question why liberal still support him.
But back to my main point. His budgets have been voted down without a single vote in support. That shows how out of touch he is and what his agenda would be if he was allowed to run the show like Chavez is.
Obama and his supporters are two different things. No true lefty would be a lackey for Wall Street.
I personally don't know any liberals who still support Obama. I know plenty of Democrat partisan hacks who do, but don't ever confuse leftists with Democrats. I also know some liberals who don't support Obama but will vote for him because they consider him the lesser of two evils. Just like conservatives will vote for Romney, even though he isn't that much more conservative than Obama.
It's ridiculous and absurd to claim to have insight into what a person secretly thinks. Judge him on his actions.
Anyone with decent credit can get a loan. Thousand and thousands have been refinancing their homes.
Case-Shiller?
lol...
Old data based on the market 6 months ago based on resales of existing properties presenting a picture of the market 3 months ago.
I'm watching the market today.
Millions are unable to refinance their homes. Hundreds of thousands are unable to get loans or, are rejected even when those with identical portfolios are accepted. You have no idea what you're talking about. Professional publications tend to skip the spoonfed propaganda fed to the masses.
Again you just can't apply 200 years ago to today. Land was free, as capitalists in this country bitterly complained that the labor force of the US would tell factory owners to stick it when they offered subsistence wages.
Political freedom when you pay 50% for a living space doesn't matter because you are not free. The US was both political and economic freedom. You tea party yokels trying to use a cook book method to serve paradise has no understanding of the conditions that existed. There was little resource rent. If I could just live on my land without paying bankers their unearned pound of flesh the political freedom of the tea party would be great. Now weakening da guberment will just effectively bring back feudalism since they will be new private government.
You are like someone who thinks they will walk through Death Valley with their old water bottle they used before. Even though I mention the little hole in it , you don't see a significant difference. The difference is all who follow you this time will perish.
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