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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (257375)	6/29/2010 12:59:45 PM
From: patron_anejo_por_favor	Respond to of 306849

>>Time to shut down the US Federal Reserve?<< Listen, Clowngress had the perfect opportunity to reign in and control/audit the Fed with Finreg. So what do they do? Give them LESS oversight and even more power! UFB in the extreme! Every incumbent in Congress deserves the boot save the few who really tried to do something with Finreg (Merkely, Feingold, Lincoln, Paul and a few others). All the rest should burn in electoral hell for this.

To: Les H who wrote (257375)	6/29/2010 1:14:55 PM
From: dealmakr	Read Replies (4) \| Respond to of 306849

"Kartik Athreya, senior economist for the Richmond Fed, has written a paper condemning economic bloggers as chronically stupid and a threat to public order. “Writers who have not taken a year of PhD coursework in a decent economics department (and passed their PhD qualifying exams), cannot meaningfully advance the discussion on economic policy.” The chronically stupid are those that don't pay attention to what has happened before and continue to pursue a path of leveraged credit and debt that dooms the financial future of the country. You can't leverage and print money forever Hows that Doc? Elmer PhuD

To: Les H who wrote (257375)	6/29/2010 2:03:39 PM
From: Berk	Read Replies (1) \| Respond to of 306849

"Economics is hard. Really hard. You just won’t believe how vastly hugely mind-boggingly hard it is." Actually the Washington crowd has proven that over and over again

To: Les H who wrote (257375)	6/29/2010 4:45:55 PM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

"Time to shut down the US Federal Reserve?" "Actually, Greenspan never got a Phd. His honourary doctorate was awarded later for political reasons. (He had been a Nixon speech-writer). But never mind. LMAO. People just don't get it. Reagan didn't do jack, neither did Clinton. They're all legends in their own minds. All of these clowns just took credit for economic expansion....and were in the right place at the right time. The baby boomer earnings and spending years that began in 1982 did it all. Now....it peaked in 2007. 10,000 baby boomers retire every single day, 3 million per year until about 2022. This is the inverse and compounded by a debt bubble and peak oil. Now....the financial crooks are just trying to rape the baby boomers and what they have left and they're doing it. Look at mortgage equity. Look at the debt. Notice all of the advertisements on TV for drugs and other crap boomers might buy? And, they always play music now from the 60's and 70's in their ads. Younger folks probably don't even know the songs or how old they are. Greenspan, LMAO....he recently admited he was wrong 70% of the time. That's almost a grade "D". How can anyone look up to any of these clowns? I'll tell you one thing as a baby boomer....they aren't getting my money or taking me down with them. They can GFT's. I think the Dow is going back to some kind of long term trend line....maybe 3800? It was just under 800 in 1982. This is going to be interesting to watch go down. We're entering the greatest depression....no doubt in my mind.