You probably haven't been aware of it but the US and ROW have been through 20 years of extended recession.
Now you are using terms incorrectly to further your point.
This proves that you are younger than 40. You don't know the '50s and '60s.
Not sure exactly what the benefit is to doing that, but it does provide obfuscation?
How do you know there wasn't a recession? There can be recessions in confidence that have greater negative impact than recessions in GDP.
Ok, I'll read it and get back to you.
I highly doubt it. That's not your way, for if it were, you would already know the truth of the things I've said.
I am not saying that they don't have some justification for saying this, but that the english language and statistics can do great things to spin facts.
And you must doubt all authority. Told you that you were younger than 40. You've been programmed in the negative.
And NAR clearly has an agenda to keep RE going up
Realtors make their commission independently of price change. Indeed, the brokers I know wish it would go up at the inflation rate only. Realtors do best when price is stable.
Raw data/statistics are less spinable
Necessarily, they're not spinnable at all. You reek of programmed negativity. Better get away from these dregs if you wish to succeed.
Um, I thought the point of this thread was speculating about whether future events would prove that there was or wasn't a bubble.
Does that prove that a "bubble" is defined, exists, or is definable?
And I will point out that you are using the term too
I tried to hold whatever you'd like the word to mean by putting its occurrences in quotes. You're the one who is trying so hard to give it a meaning, and a meaning is evanescent. I told you I tried very hard for a long time to find some meaning for the word, but I totally failed, so I admitted it had none. We do have words that refer to nothing. E.g., unicorn.
- to indicate that you do not believe that there will be a sudden and steep slide in asset prices.
I don't think your meaning for "bubble" means that and I showed how you beg the question applying that kind of meaning.
You merely replaced "bubble" with "lubrication".
No, I said one of the best indications of a bubble is a structure that forces short term sales when the price goes down. And clearly there is a lot of that going on right now.
You gave no explication for "bubble". You just renamed it "lubrication". Don't you see that? Further, in the literature where the term "bubble" appears, the authors don't agree with that definition. In their views bubbles expand, not contract. Don't ask me why they use "expands". It can't be made rigorous.
Finally, just where is it that house price is going down now?
The name 'bubble' is apt for a variety of reasons - one of which is that, like a soap bubble, it is fragile but it often doesn't pop on its own.
Uh oh. Bagged by a mental image. Did you know that most false concepts in economics come from mistaken figures used in an informal context? So I ask you, within your soap bubble image when referring to RE, what does the soap symbolize?
Some exogenous, but often very small, disturbance starts the problem and then, poof, the surface tension kicks in and ... .
Hmmm "...". Just sufficiently vague to mean anything, and all part of your indoctrination.
The point being that bubbles are the set up. The trigger for the pop is small and mostly unpredictable.
But you have already asserted that the "bubble" isn't known until after the fact. If the 'trigger" is unpredictable, then you have an unpredictable thing starting something unknown, and the whole enchilada isn't known until after the fact. Sounds like prophecy. You never know whether prophecy is true until it's too late to be of value, so it's always of no value.
The banks hold the balloon, and they don't want it to burst, so before that comes anywhere near, they will take steps to preclude it from doing so.
You're ascribing god-like knowledge and power to 'banks'.
What's so god-like about trying to avoid losing money? No one can be sure they will succeed, but it's surely easy to try. In trying, the problem is solved, because the problem, according to your thinking, came about because you claim they didn't try. However, they always have been trying by necessity of survival.
Would you, perchance, believe in the Illuminati?
No, but I have been able to identify many illiterati.
(If so, I'd love an explanation of the little pyramid and eye thingee.)
A Masonic symbol which represents the ubiquitous and all seeing and therefore, all knowing eye of God. This Masonic symbol was incorporated in the currency because some of the founding fathers, Jefferson, Franklin, I believe, were Masons, as was Mozart. This brotherhood sought the ideal of the universality of all men, so it symbolizes unity and integrity through knowledge, and sanctifies the currency upon which it sits.
I've always wondered where those masters of manipulation hid out - clearly it is not the brokerages since they took a dive in the last bubble.
Funny thing about your "bubbles". They're associated with where you should invest and hold which is contrary to your negative outlook, an outlook which will destroy you if continued. Of course, you could always join the dregs and sell prophecies of doom. |
