About Reality


18 threads
Followed by 5
Following 1
Ignored by 9
Ignoring 0
Ignore Reality
In United States
Registered Apr 30, 2009

Reality's most recent comments:

  • On Tue, 24 Feb 2015, 7:04am PST in 1 in 3 Americans on verge of financial ruin, Reality said:

    tatupu70 says

    The USA of course was the only super power in terms of military _and_ manufacturing from the end of WWII to at least the mid-1960's. The outcome of Cuban Missile Crisis, the soviets having to back down, showed that even at that point the USA had military advantage. The massive soviet expansion of ICBM inventory took place after the Cuban Missile Crisis. Germany and Japan had little military, and what they had were designed to supplement US military in operations.

    That's funny. You make a statement that the US was the only super power in terms of military and manufacturing but then provide explanation only about military. I didn't question the military part--only the manufacturing.

    If US exports weren't higher than normal, what data do you have showing that US manufacturing was the only game in town?

    Being the military superpower was a necessary condition for being the superpower in both military and manufacturing. I thought the military part was the part people usually have confusion about due to the Cold War rhetorics. In terms of manufacturing, German and Japan were still recovering from their WWII destruction in the late 1940's, 1950's and early 1960's.

  • On Tue, 24 Feb 2015, 6:53am PST in Bloomberg Financial Interview: Housing 2015 & The Truth About Demand, Reality said:

    When condo purchases in the data pool are replaced by apartment building purchases, the average and median transaction prices can increase even without any quality improvement in the housing stock being transacted. Yes, transaction unit volume drops in that product mix change.

  • On Tue, 24 Feb 2015, 6:42am PST in Bloomberg Financial Interview: Housing 2015 & The Truth About Demand, Reality said:

    Logan Mohtashami says

    Are we at the beginning of a sociological movement away from middle class home ownership and towards a cultural split between the investment property landlords and their renters both of whom may have less personal investment in neighborhood security, local schools and shared public facilities compared to primary homeowners?

    Yes. That also explains why median home price increase can outpace median income rise: if only the top 1/4 of the population is buying houses, the median of the top 1/4 may well be experiencing faster median income increase than the general population, thanks to Obama administration government intervention policies exacerbating income and wealth inequality.

home   top   questions or suggestions? write p@patrick.net