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| The economy, is it good or bad. (Page 17/181) |
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Toddster
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AUG 07, 06:16 PM
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Awwwwwww, don't go away mad Bill. Just go away.
OKayyyyyyyy, where were the rest of us!?
Oh yes, mortgage rates and the impact on the stock market. With lenders tightening their belts due to housing problems they are also going to be less likely to lend money to business start-ups. This can be a good thing or bad. It has the effect of limiting competition which can cause price increases so if I had to pin my tail on a donkey it will be inflation. Yep, that big ugly word we haven't heard since 1979 is back! Profitability will be up but so will the price you pay for consumer goods so if I have any concerns about the economy it will be inflation driven by the housing market slump. Fortunatley, manufacturing should be able to keep pace.
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84Bill
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AUG 07, 06:33 PM
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| quote | Originally posted by Turddster:
Rant rant rant Bill rant rant Snip:
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Says the self proclaimed moderator of PFF
Get a life Klodd.
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OKayyyyyyyy, where were the rest of us!?
Oh yes, mortgage rates and the impact on the stock market. Snip: |
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The rest of us is going to hell in a handbag.... And oh yes Kloddster.. we know that already, thanks for redunency and reiterations. You should receive your gold star in aprox 3 to 5 business days.
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Formula88
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AUG 07, 07:03 PM
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| quote | Originally posted by Toddster:
Still talking..and still contributing nothing, eh Bill?
I appreciate how hard it is for you to comprehend THE ECONOMY as being something greater than that which impacts little ole Bill but:
Personal income - UP
Unemployment - DOWN
Stock market - UP
Interest Rates - DOWN
GDP - UP
Price of Purchases - DOWN
This is about as much as I can dumb it down Bill without the use of Muppets.
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"Interest Rates - DOWN" - not since they bottomed out in 2004.
Source: http://www.moneycafe.com/library/prime.htm
"Price of Purchases - DOWN" - not according to the Consumer Price Index
Source: http://research.stlouisfed....red2/series/CPIAUCNS
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fierobear
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AUG 07, 07:20 PM
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| quote | Originally posted by Pyrthian:
outsourcing to another nation? how can anyone find this a good idea? unless they care more about themselves than about amercians....
outsourceing from a union shop to a non-union shop is one thing - the job stays done by an american. |
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No, I was talking about industries outsourceing to other countries. There are too many demands placed on industry in this country for high wages, and companies cannot compete. Globalization can be a biotch.
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84Bill
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AUG 07, 07:38 PM
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| quote | Originally posted by fierobear:
No, I was talking about industries outsourceing to other countries. There are too many demands placed on industry in this country for high wages, and companies cannot compete. Globalization can be a biotch.
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And we need those "high wages" because we amerikans are taxed nearly to death by the gubment and our money has no real backing. We cant buy.. well we can buy on debt but WTF good is that if theres not enough money going around. Krist even Nazi Mart is feeling the pinch and they have the cheapes crap in town. Someone needs to rethink a few things... like not playing sandbox bully or if thats too harsh, you can substitute the previous with king of the sand dune.
"We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." -- Winston Churchill[This message has been edited by 84Bill (edited 08-07-2007).]
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Old Lar
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AUG 07, 07:54 PM
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Taxes are high because the politicians have to have pork to spread around. Then there are people who feel they are entitled to benefits paid by some one else. If Hillary gets in expect higher taxes to spread her social agenda.
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84Bill
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AUG 07, 08:10 PM
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| quote | Originally posted by Old Lar:
If Hillary gets in expect higher taxes to spread her social agenda. |
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Cool.. I'm ready to cast my vote.[This message has been edited by 84Bill (edited 08-07-2007).]
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84Bill
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AUG 07, 08:21 PM
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| quote | Originally posted by Old Lar:
Then there are people who feel they are entitled to benefits paid by some one else. |
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Would that include the politicians, librarians, school teachers and my two most favoite Pigs and Jails and lets ot forget the sand castle project... Oh NASA fits in there too.
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84fiero123
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AUG 07, 08:21 PM
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There was a thing on Good Morning America today about how mortgage lenders are now filing bankruptcy to protect themselves from all the bad loans they put out to people Turdster sold homes to.
Well not just him but there are so many home loans going bad that the mortgage companies are seeking the protection of filing bankruptcy.
Why is this?
Because no one is making enough money to pay their home loans because of things like outsourcing. Or is there another reason for this?------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.
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ditch
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AUG 07, 08:39 PM
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| quote | Originally posted by 84fiero123:
There was a thing on Good Morning America today about how mortgage lenders are now filing bankruptcy to protect themselves from all the bad loans they put out to people Turdster sold homes to.
Well not just him but there are so many home loans going bad that the mortgage companies are seeking the protection of filing bankruptcy.
Why is this?
Because no one is making enough money to pay their home loans because of things like outsourcing. Or is there another reason for this?
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You're talking sub-prime loans here. I hate outsourcing just like the next guy, but the fallout from subprime loans is not due to outsourcing. Interrest rates reset after a period of time and mortgage payments went up. That's not because of outsourcing, that's because of some bozo signing a contract without reading it completely. It's simple:
1) They had the opportunity to read the entire contract before they signed
2) They had the opportunity to consider whether they could afford the payments based on their income
3) They knew it was adjustable rate and the payment could go up dramatically
Don't get me wrong, I feel bad for people who are losing their homes. I think these places that give sub-prime loans to people they know can't afford them are complete scum. But, part of the blame lies with the dummy who signed the contract in the first place....the person who bought a house they should have known they couldn't afford. Outsourcing has nothing to do with it.
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