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

To: John Vosilla who wrote (241345)	1/5/2014 3:02:55 PM
From: KyrosL	Respond to of 541025

The current economy and housing in particular bears little resemblance to the 2005-6 bubble. First, almost all the growth is now coming from the productive side of the economy, such as rapidly increasing oil/gas production, increasing manufacturing, and increasing exports. None is coming from consumption fueled by cash-out refinancing. In fact refinancing still has a negative cash out component. Since 2005-6 our net oil imports have fallen by half. And housing in most areas is hardly booming, with credit conditions pretty tight, especially for expensive houses. Finally the public sector has shrunk considerably since 2005-6 and is still scraping bottom. These conditions do not point to an imminent bubble, but rather to a long lived enduring recovery.

To: John Vosilla who wrote (241345)	1/5/2014 8:02:50 PM
From: bentway	Respond to of 541025

Yeah, the Bush Great Recession, when the global economy totally froze, may have just foreshadowed a greater economic calamity. I think Obama has regulators on the job, looking to prevent disaster. We've got Elizabeth Warren. But, Wall Street FUNDS the (D) party. Which is why no banksters were prosecuted. The banks are still making bets on bets on bets with derivatives, and the leverage is in the hundreds of trillions of dollars. It's the biggest casino on Earth, made for the highest of rollers, and they're playing with THE WORLD's money. There are no LAWS in place to stop them, just regulators. forbes.com If the (R)'s get in control, with their "the markets can regulate themselves" philosophy, the next Depression is on a train headed for the washed out bridge. I don't think the next crash will come from residential RE. Even though the US seems to have it's energy problems in hand with fracking, global demand continues to rise. Every person in Chindia want their house, their car, their flat screen TV, but only a minority have them. It may spring from there, somehow.