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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (211928)	12/17/2012 2:07:28 PM
From: Maurice Winn	1 Recommendation Read Replies (2) \| Respond to of 541164

Steve, I went house shopping in 2005 and 2006 in Escondido [California] and around that area. Prices were about double what I thought was reasonable. I was actually puzzled as to how they could be so high. I could have borrowed money too and joined the mindless mob, but I decided that I would rent accommodation instead when in California if I went there, which I mostly decided not to do, going instead to Europe [where property was also absurdly expensive]. I chose not to borrow money and chose not to bid way up there with the herd. I know that's a weird, narrow, self-delusional mind-game to support my narrow ideology.and perhaps it was unfair to myself and spoiled the game for those who wanted a better tomorrow, presumably with my money if I had paid their price for their house. That's just me and my wish to avoid not just over-leveraging but absurdly high prices too. Alan Greenspan wasn't really hiding behind a curtain somewhere making people bid those high prices. But I did observe that herds of people can be like mindless Zombies. Look, there is even a stream about it from 2002, following the biotelecosmictechdot.com bust Subject 53236 So they went bust on the biotelecosmictechdot.com "irrational exuberance" [a warning about the difficulty of identifying bubbles that Uncle Al KBE gave way back in 1995] and then decided to try again to make easy money with a speculative mania on houses. Fool me once, shame on you. Fool me twice, ummm, you can't do it again. Fool me thrice OMG this is becoming a habit. Do you own lots of gold to escape from Big Ben, "Wall Street", spendthrift politicians and their enthusiastic electorates who have run up the biggest debt and deficit in world history? Careful there. Maybe there is some irrational exuberance getting going in gold and 'stimulus' in general. Pathetically ridiculous it might be, but it sure seemed to be better than losing my hard-earned money. Mqurice PS: From 2002, long ago, I AM A MINDLESS ZOMBIE for ease of reference: <IT WASN'T MY FAULT!! Uncle Al, KBE, made me do it. It was Alan Green$pan who made the biggest stockmarket bubble in history. I caught the real Y2K bugs, "Irrational Exuberantosis" and "Infectious Greeditis" sometime in the 1990s. I was so busy worrying about 99 turning to 00 and the Y2K bug, and celebrating the new millennium [okay, it was the wrong New Years eve, but it was only a year out] that I missed the real problem, which was a hole in my head where the thinking part should be. Having a hole in my head made it tough to recognize the hole in my head, because I couldn't see the hole, because the part needed to do the seeing was missing from my head, right where the hole was. So I just believed Uncle Al that I should go berserk and pay extorquerationate prices for some wild blue yonder company Biotelecosmictechdot.com which I saw in a chat room was going to da sky. Well, I didn't actually know he said that and can't actually quote his words which made me buy, but I hear now that he definitely did say them, so it's definitely not my fault. Heck, look at Enron and Global Crossing and Worldcom and Globalstar and and and .... Conjobs all and based on hyperprinted overinflated monetary mania which puffed me up like a balloon until I popped. Groan, moan... oh, what a hangover... where do I sign up for the 10 step plan to avoid shares forever more? Yours truly, Zomby >