patrick.net
An Antidote to Corporate Media
1,235,569 comments by 14,773 users - Karloff, Onvacation, Patrick online now
Obama prevented a depression.
invite response
2012 Sep 13, 3:07am 39,666 views 69 comments
by Raw ➕follow (0) 💰tip ignore
« First « Previous Comments 58 - 69 of 69 Search these comments
freak80
2012 Sep 20, 5:00am
Because manipulation cannot go on forever. Even the Soviet Union fell. Banks and the Fed have been manipulating gold prices since the 80's, but gold has caught up to them. Now gold tells the truth! This will happen with housing too.
So put your money where your mouth is. Cash out your 401k and take investment positions, with lots of leverage, based on those assertions. You'll be rich and make the rest of us look like fools.
leo707
2012 Sep 20, 6:05am
However, I personally know 3 people who stopped paying on their mortgage from 8 to 18 months, with the banks not starting the foreclosure process.
Once extrapolated, a legitimate assumption can be made.
You may be correct concerning foreclosed homes, but one cannot extrapolate data from an anecdotal fallacy, and have that result in "legitimate" assumptions.
Y
2012 Sep 20, 6:27am
For a singular event, I agree.
But three separate events?? ( 3 distinct people not paying on their mortgage )
anecdotal
You used a personal experience or an isolated example instead of a sound argument or compelling evidence.
leo707 says
However, I personally know 3 people who stopped paying on their mortgage from 8 to 18 months, with the banks not starting the foreclosure process.
Once extrapolated, a legitimate assumption can be made.
You may be correct concerning foreclosed homes, but one cannot extrapolate data from an anecdotal fallacy, and have that result in "legitimate" assumptions.
leo707
2012 Sep 20, 6:42am
For a singular event, I agree.
But three separate events?? ( 3 distinct people not paying on their mortgage )
an·ec·do·tal
adjective
1. pertaining to, resembling, or containing anecdotes: an anecdotal history of jazz.
2. (of the treatment of subject matter in representational art) pertaining to the relationship of figures or to the arrangement of elements in a scene so as to emphasize the story content of a subject. Compare narrative ( def. 6 ) .
3. based on personal observation, case study reports, or random investigations rather than systematic scientific evaluation: anecdotal evidence.
an·ec·dote
noun, plural an·ec·dotes or, for 2, an·ec·do·ta [an-ik-doh-tuh]
1. a short account of a particular incident or event, especially of an interesting or amusing nature.
2. a short, obscure historical or biographical account.
Three separate anecdotes do not turn it into a "viable" data set. Think of it this way...if you ever are supporting an idea and your data only includes yourself and/or people you know then it is all anecdotal evidence.
Politicofact
2012 Sep 20, 8:43am
Just make sure you redistribute the wealth you gain from the sale like Obama wants you to.
BULLSHIT, it's the Republicans that are redirecting upwards on an unprecedented scale over the last 30yrs. Some balance is now required. Enough of the TRICKLE LIES.
Enough is enough.
and as for Obama you far right so-called conservatives can thank him now.
"corporate profits have surged an average of 51.8% under Obama, the best out of any stretch of party control since 1933, S&P said. Profits increased at 12.5% per year in Clinton’s White House and 14.2% under Bush.
marcus
2012 Sep 21, 12:01am
However, the cost of new housing is much much lower than the price of a house. It takes 2 construction workers with a 5th grade education, 3 months to build an average house, for which a phd family works 30 years to pay it off. If you want to see what a fundamental cost of a house is, go to Detroit, where the median price of a house in the city is now $6,000. In 1982, the median was $47,000.
exaggerate much ?
dunnross
2012 Sep 21, 12:04am
One more thing. What do you think is a fundamental cost of printing a one hundred dollar bill? My guess it's probably less than one cent. Gold and Silver is currency. Gold and Silver is hoarded by most central banks as currency is proof that it's currency. Why hasn't the price of $100 bill dropped to its fundamental level of 1c, but you think the price of silver will?
freak80
2012 Sep 21, 12:52am
Dunnross,
I think it's time to turn off the Peter Schiff, don't you?
dunnross
2012 Sep 21, 1:14am
I think it's time to turn off the Peter Schiff, don't you?
Why? Only because you don't like what I am saying. The truth hurts, doesn't it?
freak80
2012 Sep 21, 2:28am
Why? Only because you don't like what I am saying. The truth hurts, doesn't it?
lol. Do you and Darrell hang out together much?
You two should get together and start a hedge fund.
« First « Previous Comments 58 - 69 of 69 Search these comments
http://content.usatoday.com/communities/theoval/post/2011/11/obama-we-prevented-another-great-depression/1#.UFIRXI1mTyA
#politics