[Travis McGee]

Peter Schiff on Kudlow and Co., 8-28-2006

[syriacus]

“Embrace the recession”

[DB]

I’ll say that I didn’t realize so many people were using home equity to buy stuff they couldn’t afford. Because the value of their homes went up they thought they were in money... I don’t understand why they didn’t realize that every cent was borrowed money that had to be paid back regardless of the current value of their home. I really, really don’t understand.

[raybbr]

...I repeatedly exposed the superficiality of our prosperity, described the American economy as a “house of cards”, pointed out that borrowing and spending were a ticking time bomb rather than a viable plan for long term economic health...

Oh, boy. I can't wait for the super-capitalists here on FR to come to this thread and tell us how important it really is for China to take our dollars.

Or, to tell us that debt is better than tangible assets.

Or, that equity really IS wealth.

Or, that GDP is more important than a middle class.

[wrench]

What does this guy know? It is common knowledge in Amerika that you can borrow your way to wealth. The bigger the loan they “give” you, the luckier you are!

I just got approved for a 900,000 dollar loan, I’m going to be RICH! /s

[SampleMan]

Perpetual Bears are like broken clocks, they are eventually correct. I don’t listen to them.

The time to listen is when a Bullish person makes Bearish predictions.

I remember a guy that was predicting a burst of the tech bubble from 1990 all the way to when it burst ten years later. Then he wanted to be treated like a profit. All high growth sectors eventually burst. It happens every single time.

[ex-Texan]

Mortgage Chiefs Pay Under Fire in D.C

These are some of the 'Boys' that Ben Bernanke is trying to save by raping the dollar. Read the report for yourselves. I say 'Line 'em up and shoot 'em down.'

Get out your popcorn. These investigations are just getting started. Corrupt mortgage lenders get burned in live testimony. Will 'Big Angelo' go to jail or get whacked by his cronies when he travels to Sicily? . . . LOL . . . LOL !

Watch this Video on the Rape of the Dollar

If you do not have a high speed Internet connection, use a friend's or drive to the public library. Have a good, long horse laugh for free.

[RobRoy]

Holy cow, history has splattered mud on Laffer’s face.

Although travis was wrong about interest rates going up...

And that bimbo kicking in about women and jobs? She does not deserve the soapbox she gets. Nor do her opinions.

[GOPJ]

What attractive returns does Holland think my clients missed out on? Those who followed my advice invested in foreign stocks, bonds and currencies, as well as precious metals, oil and other commodities. Investors who listened to me instead enjoyed much greater returns by participating in the real bull markets. It’s amazing how few people have managed to figure this out!

Dr. "Doom" AKA Dr. " Got It Right" nailed it - and saved his clients grief and money. But what's Dr. "Got It Right" saying now? How much further down do we go? (My guess - housing will lose another 30%) and when will it end?

[kindred]

Like Marie Antoinette and countless other autocrats and liberal elitists and autocrats, the present day American politicians live in another world and despise the common working man and would rather spit on them then do the right thing, in fact, they do the left thing.
Thank God and His Christ for the coming millennial rule of Jesus Christ as King of the whole earth after the necessary 7 year tribulation to make him King, He only is worthy and holy and able to bring justice, judgment, mercy and truth to the children of men. Come Lord Jesus.

[Hat-Trick]

bookmark bump

[Lazamataz]

I only have 2 boxes of ammo and a pistol.

Am I screwed?