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Thread: A few anecdotal-ish observations about the economy

  1. #31

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    The state of the economy, circa 2013, and a summary of that which placed it in its current state - now in convenient take-home size:



    I defy anyone to frame the discussion in more concise terms, particularly at about the :30 mark.
    Last edited by NorfolkPCSolutions; 02-09-2013 at 12:54 AM.
    “The people of the various provinces are strictly forbidden to have in their possession any swords, bows, spears, firearms, or other type of arms. The possession of these elements makes difficult the collection of taxes and dues and tends to permit uprising, therefore, the heads of the provinces, official agents, and deputies are ordered to collect all weapons mentioned above and turn them over to the government.”

    Toyotomi Hideyshi, Shogun, August 29, 1558






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  3. #32
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    Quote Originally Posted by NorfolkPCSolutions View Post
    I'm just glad 12 year old boys don't have the same wherewithal to get this idiot to the top of the charts that 12 year old girls had with Justin Beiber.
    "Government is not the solution to our problem; government is the problem."
    Ronald Reagan, 1981

  4. #33
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    http://www.usnews.com/news/blogs/hom...-homes-to-sell

    yeah this was 6 months ago.

    Home building is still in the toilet. Of course people are renting 3 and 4 to a place. That's been going on since mid 2000's when housing got stupid expensive. New homes coming on line fast enough to keep up with the population growth because credit is no good anymore.

    Now the young, old, and disappearing middle class are getting shafted with run down neighborhoods. It's societal rot occurring. Rents go up cause everything goes up when money is inflated with no limit.

    Landlord's care who they rent to, but they also have to pay the mortgage. Investors have to lever up, so they are looking for what has leverage in this market, and that is paying rents. Credit is still dead. Building is still dead, but people are living longer, the population is still growing.

    We can't have a decent economic response to the crap lifestyles we are talking about here as long as the market stays distorted and as long as people still think that prices are going to go up and up and up.

    You'll know the problem is resolved in housing when no one has the nerve left to think prices are wear they should be.

  5. #34
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    Quote Originally Posted by newbitech View Post
    http://www.usnews.com/news/blogs/hom...-homes-to-sell

    yeah this was 6 months ago.

    Home building is still in the toilet. Of course people are renting 3 and 4 to a place. That's been going on since mid 2000's when housing got stupid expensive. New homes coming on line fast enough to keep up with the population growth because credit is no good anymore.

    Now the young, old, and disappearing middle class are getting shafted with run down neighborhoods. It's societal rot occurring. Rents go up cause everything goes up when money is inflated with no limit.

    Landlord's care who they rent to, but they also have to pay the mortgage. Investors have to lever up, so they are looking for what has leverage in this market, and that is paying rents. Credit is still dead. Building is still dead, but people are living longer, the population is still growing.

    We can't have a decent economic response to the crap lifestyles we are talking about here as long as the market stays distorted and as long as people still think that prices are going to go up and up and up.

    You'll know the problem is resolved in housing when no one has the nerve left to think prices are wear they should be.
    Right! Housing is overinflated. It should drop to adjust for lower incomes, and it hasn't. Probably need a 60% drop in housing prices. Much of the problem is taxes and regulation.

  6. #35

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    Some enforcement action being started on the student loan/grant "fraud".

    http://www.zerohedge.com/news/2013-0...anything-learn
    "Let it not be said that we did nothing." - Ron Paul

    Internet shills exposed: (Yes, there are plenty on RPF)
    http://the-tap.blogspot.com/2012/10/...eyre-real.html

    Why most RPF members are against the US involvement with Israel explained by Mini-Me:
    http://www.ronpaulforums.com/showthread.php?t=218093
    No anti-semitism, just logic.

    Visiting the Outer Banks of NC?
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  7. #36

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    NYT talking about rising rents and more people per unit.
    http://www.nytimes.com/2014/04/15/bu...able.html?_r=0

    And as rents head higher in the tightest markets, many are discovering that living on their own is proving unaffordable, forcing them to double up again. Arturo Breton, a 37-year-old waiter in Miami Beach, said that after years living on his own, he was joining forces with a roommate who works as a manager at J. C. Penney. “I’ve come down to the conclusion that in this country, it’s easier for two people to pay the rent than for one person,” he said.
    This seemed relevant to my #1 observation.
    "Let it not be said that we did nothing." - Ron Paul

    Internet shills exposed: (Yes, there are plenty on RPF)
    http://the-tap.blogspot.com/2012/10/...eyre-real.html

    Why most RPF members are against the US involvement with Israel explained by Mini-Me:
    http://www.ronpaulforums.com/showthread.php?t=218093
    No anti-semitism, just logic.

    Visiting the Outer Banks of NC?
    Outer Banks Fishing Boat Rentals

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