Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Tuesday, March 11, 2008
Four Hundred and Fifteen Points?
Am I the only one who sees this as the Fed admitting they have to stop easing?
I am not sure if this is such a good thing in the long run. Correct me if I’m wrong, but it sounds to be like the U.S. taxpayers will be footing the bill on the financial mess banks created for themselves.
This is supposedly 28 day money but you can be sure a lot will roll over. The fruit will continue to rot in the treasury just as fast as on the bank books and the Fed is only "holding" this supposedly. They are like the banks bank. they want to lend, the last thing they want is to own.
Moment of calming perspective. It may seem insane that a whole bunch of people think the DJIA is worth 3.5% more than it was yesterday but it is still less than they thought it was worth last Monday.
And with a rumored 3/4 point cut coming...well, this poster on another forum says it best:
"foreign currency appreciation is accelerating, every currency that's pegged is going to unpeg from the dollar. It's going to wreak havoc, and it won't be good for the dollar or most world financial markets. But then, the USA is no longer King...
It's also a result of schadenfreude. The USA has been such a pig and a bully for a long time that even our "allies" are rubbing their hands together with glee at our disaster.
I still hold the 'tipping point' theory. There will be incremental loses, getting worse and worse, and then a huge panic fueled stone cold collapse when everyone in the world realizes the USA can't hold the line...
This country is being run by criminally irresponsible dolts. A combination of total stupidity, greed, and complete disregard for planning anything into the future. The idiocy is frightening and there's absolutely no accountability.
Currency collapses are nothing new, and are extremely common throughout history. It's asinine to think that somehow we are superior or invulnerable. Dangerous, stupid thinking. Or rather, non-thinking."
I think even Ben Bukkake knows that slashing rates to zero only makes a bad situation worse. Interest rates are mighty low already and further cuts won't make any difference in the collapsing housing markets. They just gotta fall.
I'd like to see Bernanke take a very large, very sharp machete to the commodities speculators and those who are shorting the dollar.
I still hold the 'tipping point' theory. There will be incremental loses, getting worse and worse, and then a huge panic fueled stone cold collapse when everyone in the world realizes the USA can't hold the line...
Really? I guess you can count me out of the "Fed will collapse the dollar!" camp. I think the Fed will soon, if it hasn't already, reach the point where they start working to shore up the dollar. A bad recession is a given.
I call corporate welfare on the Fed's $200 billion program!!! Short term stock gains at the risk of seriously destabilizing this country's economy is just plain idiotic. Why doesn’t Bernanke just settle down and tell the bankers, Fannie Mae/Freddie Mac and NAR to go fuck themselves by doing nothing and let them deal with their own greed-driven mess? Unless someone is actively attempting to destroy this country, why pass the risk onto the American taxpayers? Why am I somehow reminded of the S&L crisis?
Makin all the same moves that Japan made. Home prices don't freefall, they just slide. For 15+ years. Bad banks don't fail, and bad businesses linger on.
HeliBen still pushes rates lower. It is the path laid out by Japan. Need to goose the economy to pay off social obligations to the aging population with devalued scrip.
I call corporate welfare on the Fed's $200 billion program!!! Short term stock gains at the risk of seriously destabilizing this country's economy is just plain idiotic.
In the scheme of things, $200 billion is a fart in the wind. We can debate the merits, but it won't wreck our economy.
If I am not mistaken, Jim Cramer just called Ben Bernanke a timid man making BOLD moves, and then started crying that his 'ol pal Elliot Spitzer has been banging top shelf escorts for ten years. He nearly cracked as he said "I guess I didn't KNOW HIM LIKE I USED TO"!
Waaaaaaaaaaaaaaaahh!
Hate Spitzer if you like but he fucked up a lot of greedy bastards who are laughing now. He was bound to take a fall - just like our "fundamentally solid" economy. How am I supposed to find a job in this environment? Guess I could go work for Jamba Juice.
The AARP cunts have done a serious disservice to women in this country and they do not fucking care for anyone except themselves and their fucking lobbyists! I despise them.
I sure hope the Rush liberalz are enjoying the apocalypse on the way. You and the Clinton machine fucking deserve it. Thanks for hammering the last nail in the coffin of any hope of democracy in this country. You win assholes! Have fun with the remnants!
18 comments:
F I R S T
Might be a reaction to the news that client 9 is resigning.
I am not sure if this is such a good thing in the long run. Correct me if I’m wrong, but it sounds to be like the U.S. taxpayers will be footing the bill on the financial mess banks created for themselves.
This is supposedly 28 day money but you can be sure a lot will roll over. The fruit will continue to rot in the treasury just as fast as on the bank books and the Fed is only "holding" this supposedly. They are like the banks bank. they want to lend, the last thing they want is to own.
Moment of calming perspective. It may seem insane that a whole bunch of people think the DJIA is worth 3.5% more than it was yesterday but it is still less than they thought it was worth last Monday.
Give me Paul Volker any day.
"Helicopter" Ben sure is living up to his name.
And with a rumored 3/4 point cut coming...well, this poster on another forum says it best:
"foreign currency appreciation is accelerating, every currency that's pegged is going to unpeg from the dollar. It's going to wreak havoc, and it won't be good for the dollar or most world financial markets. But then, the USA is no longer King...
It's also a result of schadenfreude. The USA has been such a pig and a bully for a long time that even our "allies" are rubbing their hands together with glee at our disaster.
I still hold the 'tipping point' theory. There will be incremental loses, getting worse and worse, and then a huge panic fueled stone cold collapse when everyone in the world realizes the USA can't hold the line...
This country is being run by criminally irresponsible dolts. A combination of total stupidity, greed, and complete disregard for planning anything into the future. The idiocy is frightening and there's absolutely no accountability.
Currency collapses are nothing new, and are extremely common throughout history. It's asinine to think that somehow we are superior or invulnerable. Dangerous, stupid thinking. Or rather, non-thinking."
Yeah, but look at the volum:
http://tinyurl.com/ywleqp
What does that tell you?
Rob,
I think even Ben Bukkake knows that slashing rates to zero only makes a bad situation worse. Interest rates are mighty low already and further cuts won't make any difference in the collapsing housing markets. They just gotta fall.
I'd like to see Bernanke take a very large, very sharp machete to the commodities speculators and those who are shorting the dollar.
I still hold the 'tipping point' theory. There will be incremental loses, getting worse and worse, and then a huge panic fueled stone cold collapse when everyone in the world realizes the USA can't hold the line...
Really? I guess you can count me out of the "Fed will collapse the dollar!" camp. I think the Fed will soon, if it hasn't already, reach the point where they start working to shore up the dollar. A bad recession is a given.
I call corporate welfare on the Fed's $200 billion program!!!
Short term stock gains at the risk of seriously destabilizing this country's economy is just plain idiotic.
Why doesn’t Bernanke just settle down and tell the bankers, Fannie Mae/Freddie Mac and NAR to go fuck themselves by doing nothing and let them deal with their own greed-driven mess?
Unless someone is actively attempting to destroy this country, why pass the risk onto the American taxpayers?
Why am I somehow reminded of the S&L crisis?
Makin all the same moves that Japan made. Home prices don't freefall, they just slide. For 15+ years. Bad banks don't fail, and bad businesses linger on.
HeliBen still pushes rates lower. It is the path laid out by Japan. Need to goose the economy to pay off social obligations to the aging population with devalued scrip.
I refuse to bail out the Bush dynasty’s Carlyle Group!
I call corporate welfare on the Fed's $200 billion program!!!
Short term stock gains at the risk of seriously destabilizing this country's economy is just plain idiotic.
In the scheme of things, $200 billion is a fart in the wind. We can debate the merits, but it won't wreck our economy.
Hana the truck driver provides some input on the matter at hand.
The puny bone was devoured as if by piranhas. That is frightening.
If I am not mistaken, Jim Cramer just called Ben Bernanke a timid man making BOLD moves, and then started crying that his 'ol pal Elliot Spitzer has been banging top shelf escorts for ten years. He nearly cracked as he said "I guess I didn't KNOW HIM LIKE I USED TO"!
Waaaaaaaaaaaaaaaahh!
Hate Spitzer if you like but he fucked up a lot of greedy bastards who are laughing now. He was bound to take a fall - just like our "fundamentally solid" economy. How am I supposed to find a job in this environment? Guess I could go work for Jamba Juice.
The AARP cunts have done a serious disservice to women in this country and they do not fucking care for anyone except themselves and their fucking lobbyists! I despise them.
I sure hope the Rush liberalz are enjoying the apocalypse on the way.
You and the Clinton machine fucking deserve it.
Thanks for hammering the last nail in the coffin of any hope of democracy in this country.
You win assholes! Have fun with the remnants!
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