Sounds like the business plan for the Underpants Gnomes ...
Posted on 09/05/2012 9:36:20 AM PDT by SeekAndFind
Edited on 09/05/2012 9:43:54 AM PDT by Admin Moderator. [history]
1.
(Excerpt) Read more at washingtonpost.com ...
Hey America! Go surprise yourself.
Wait...we can't do that!?
Klein is obviously part of the Choom Gang.
Sounds like the business plan for the Underpants Gnomes ...
Yes. You’re right. It is a lot like 2008 at my business too. I’m treading water again, depleting a chunk of the cash reserves every month. Fortunately, there are only about 2 more months to go until we start to come out of this funk.
The housing comeback is a fact. I have seen it firsthand in the West. The rest is dubious and/or wishful thinking.
Houses can’t be built fast enough in the oil fields in North Dakota.....
Just setting the stage for Democrats to try and take credit for the Romney Recovery
Financial institutions are sitting on (my estimate) of 2-4 million loans in default, but they're carried on the books at the book value (unpaid principal) of the loan, not current appraised value of 60-70%. Probably 20% of those loans are delinquent in excess of four years.
And where are the new home buyers coming from? The ranks of under-30 college grads, who owe $50-$100K+ in student loans?
Altman must be a charter member of the Choom Gang.
Goldman Sachs is not to be trusted. In 2015, the economy will be hampered as the federal deficit will be at least $19 Trillion.
Despite all the propaganda, housing can’t really recover until the 7 or 8 million defaulted properties are allowed to clear the market. That’s TREMENDOUS DOWNWARD pressure on pricing. Unprecedented downward pressure.
AND housing won’t really recover until the Federales stop all the recent new, additional interfering or meddling with mortgage lending and mortgages.
It would be very helpful, also, if we had more jobs instead of less and less and less...
YES, housing will recover someday. The above three economic factors will eventually clear up. Someday. Or maybe not. Let’s see who wins the election first...
I like these ignorant zit-faced punks writing about the economy. His major was in political science. I also notice that his wife also writes on economic policy for the NY Times also, her wiki states that she studied English and American Literature as a major. How in the hell do they get a job at 28 years old, with no economic experience, no business major, no MBA writing about economic policy for the largest newspaper in the USA?
It just baffles the hell out of me, there weren’t any MBA’s or accounting majors that could write on economic policy, or a retired CEO, you have to get some punk who has no credentials, three or four years out of college?
For reference on what lies ahead: Colorado, Wyatt Oil, Atlas Shrugged.
No way North Dakota survives a second Obama term - it is a living rebuke to everything they believe.
“If Romney does win and the economy does improve sometime in the next four years, all we will here about from the liberal media is how Romney had nothing to do with it, Obamanomics finally worked and what a shame it is that the idiot voters kicked him out of office before he had could finish what he started.”
That’s what this article is really all about because the ObamaMedia knows The One is going to lose, so they’re laying the groundwork to give former President Obama the credit.
They are going to be rectified, but not in the way the author would like us to belive.
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