Posted on 12/10/2004 9:05:07 PM PST by nanak
maaaaaaaaaaamaaaaaaaaaaaamaaaaaaaaaamaaaaaaaaa
Why is our republic bankrupt? Thomas Jefferson on evils of paper money
Here in NYC the Wall Street people seem a little jittery. Could just be that bonus time is here again or that something is in the air.
Also, if average mortgage payment is higher than average rent in the same area, the real estate is overvalued.
Yep. Paper money is evil. So cancel your ISP service since you oppose paying for it with American currency.
Buh bye, troll.
Bwwwwwaaaaaaaaaaaaaaaaaaaaaaahahahahahahahahahahahahahahaha
You'd really be so very much happier over at LP and/or FU;I suggest you go there.Or,are you already a member over there? :-)
regardless of whether real estate is on the verge of a bubble pop or downturn of a cycle; its not the same as the stock market, and will affect only certain regional areas.
I dont think its a bubble,but a long cyclical downturn is possible. depends on all the variables
I am personally fond of Gold Bugs. They're.....quaint.
Until the apartments are converted into condos, with a resulting shortage in rental units again.
I agree.
"It is a [disputed] question, whether the circulation of paper, rather than of specie, is a good or an evil... I believe it to be one of those cases where mercantile clamor will bear down reason, until it is corrected by ruin." --Thomas Jefferson to John W. Eppes, 1813. ME 13:409
The same people who deny the existence of housing bubble were also predicting DOW 25000 and NASDAQ 30000.
In the end, fundamentals do matter. If the stock of any company has a P/E ratio >10, dump the stock.
As far as I know,bonuses aren't going to be "bad" this year.
GOLD BUGS are so funny and this one is also a KNOW NOTHING;as in that now long dead political party.
That's a "nice" way of putting it! ROTFLOL
Bonuses are up on Wall Street this year. But none of them seem particularly happy. These people pretend to be rational and calculating, but really, they're like these little nervous animals (in nice suits) who sniff at the air.
According to who? That isn't the way things are calculated at all.
You really,really,REALLY love making yourself a laughing stock...don't do? LOL
It isn't the bonuses,it's the other stuff I said in my earlier reply;especially the Grasso bit. That's REALLY thrown many for a loop,as they wait for other shoes to drop.
I like the way they see gold as a "constant," like a North Star or something. It's an ancient belief system. And it relies on a commodity to ward off catastrophe -- like a totem. So what's not to like?
In the end, gold is just another commodity, like soy beans or pork bellies. That's why I have five safety deposit boxes filled with soy beans and another two filled with Quaker State 40 weight.
...I had a half dozen safety deposit boxes filled with bacon, but the smell seemed to annoy bank employees and they asked me to remove them.
When two of my friends(both with MS degrees in Computer Science from one of the best college) were laid off; one went on to be a salesman for BEST BUY and the second one is working as a long haul driver.
During the glorious days of our republic under Green-Scum, we are certainly making a big leap forward in technical arena.
In fact the top engineering school that I graduated from; the CS enrollment at that school is down 60% today as compared to 1997. I know most of you will hate the school, but it is still the best in ENGINEERING & COMPUTER SCIENCE and it is called UC-Berkeley(College of Engineering).
Goldbugs are amusing. It's the goldbuggery that I don't like.
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