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Business and the economy in the post bubble world

By astrid following x   2006 Apr 11, 9:20am 15,828 views   152 comments   watch   sfw   quote     share    


Ladies and gents,

The mainstream media is finally recognizing the end of the housing bubble we sensible folks (A.K.A. bubbleheads A.K.A. JBR) have been talking about for years. I ask you, oh you forward looking mental giants, what's in store next?

Specifically, you economists amongst us, please enlighten us with vital knowledge about current and future inflation, deflation, stagflation, and all other vari-ations.

Oh come all ye Fannie Mae haters, ye Fed idiocy watchers, ye Libertarians, please tell us what's you think is going to happen to the McMansion industrial complex when the bubble blows or deflates.

You entrepreneurs amongst us, please peddle your wacky post-bubble get rich schemes here. You cannot go too low. 1800-BKRPTCY? Realt-Whore escort agency? Don't worry, our minds will follow you wherever you go.

astrid

#housing

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113   Different Sean   ignore (0)   2006 Apr 11, 3:11pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

However, their asking price is just exorbitant for the quality and quantity of living space provided.

only $35K for a solid, durable structure made of Visy packing cardboard? cheap at twice the price... altho twice the price would get you a 2 bedroom brick house... (They recently got into very serious trouble for fixing cardboard prices with a competitor, heh)

So how do you win favor with rich women?

you're not looking for a rich woman, surely? 8O

114   astrid   ignore (0)   2006 Apr 11, 3:12pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

I like my realtor just fine and would use her again, and I have a feeling she'll weather a RE downturn just fine.

115   astrid   ignore (0)   2006 Apr 11, 3:14pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

DS

but hate to rent is.

Plus, my boyfriend has a brother. He may be in need of help.

116   Different Sean   ignore (0)   2006 Apr 11, 3:16pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

lobster shell

Where does the meat go? :D

ergh, that would be the inhabitants... maybe best to stick to real lobster

117   astrid   ignore (0)   2006 Apr 11, 3:16pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

owneroccupier,

I think the good realtors care about their reputation because they depend on referrals. Thus, a happy customer can be more valuable than a one time transaction. Unfortunately, the high dollar amounts of recent transaction has distorted the balance, by a lot.

118   astrid   ignore (0)   2006 Apr 11, 3:17pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

My boyfriend's brother is pretty good looking. Not my type, but good looking.

119   Peter P   ignore (0)   2006 Apr 11, 3:17pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

maybe best to stick to real lobster

DS, I have to say that Australian lobsters are my favorite lobsters. How do you guys cook them down there?

120   Different Sean   ignore (0)   2006 Apr 11, 3:17pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

DS
but hate to rent is.
Plus, my boyfriend has a brother. He may be in need of help.

i will write a book about it and retail for about $29.95, maybe $39.95 in hardback. non-fiction shelf. do you think it will sell?

121   Different Sean   ignore (0)   2006 Apr 11, 3:22pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

DS, I have to say that Australian lobsters are my favorite lobsters. How do you guys cook them down there?

i actually don't like seafood at all, heh. the sun, sea and sand here are all wasted on me...

do they boil them? heh... should be plenty of recipes online...

Take 1 lobster... Did you know 'recipe' is Latin for 'take'?

122   astrid   ignore (0)   2006 Apr 11, 3:22pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

I see this little information extraction exercise is not going anywhere.

Okay, want to go back to wacky get rich quick schemes?

123   Peter P   ignore (0)   2006 Apr 11, 3:24pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

i actually don’t like seafood at all, heh. the sun, sea and sand here are all wasted on me…

What?

Okay, at least the rack of lamb down there must be amazing.

do they boil them?

BBQ would be great. :)

124   astrid   ignore (0)   2006 Apr 11, 3:25pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Peter P,

I'd recommend lobster sashimi, it's quite good.

Also, have you tried eating live shrimp, the texture is quite excellent.

125   astrid   ignore (0)   2006 Apr 11, 3:27pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

As for lamb, I recalled reading that Iceland has the best lamb. Their lambs are all, erh, free ranged. They're actually trying to cull the population to reduce their environmental impact.

126   Peter P   ignore (0)   2006 Apr 11, 3:27pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

I’d recommend lobster sashimi, it’s quite good.

Absolutely. Especially with Aussie lobsters. Sashimi of Maine lobsters do not taste nearly as good.

have you tried eating live shrimp

Live or raw? Unfortunately all shrimps are dead by the time thay reach my plate.

127   Peter P   ignore (0)   2006 Apr 11, 3:30pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

I do not like raw vegetables though.

128   astrid   ignore (0)   2006 Apr 11, 3:30pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Live shrimp. This seems to work best with fresh water shrimp from near Shanghai, though I might catch some interesting parasites this way.

129   Peter P   ignore (0)   2006 Apr 11, 3:33pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

This seems to work best with fresh water shrimp from near Shanghai, though I might catch some interesting parasites this way.

I prefer saltwater seafood.

But fresh water shrimps from Shanghai taste very good sauteed and served with black vinegar.

130   astrid   ignore (0)   2006 Apr 11, 3:35pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Do you buy them live? Half of my family refuse to eat these things if they're not cooked alive.

131   Peter P   ignore (0)   2006 Apr 11, 3:35pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Astrid, do you know of a place that serves Shanghai-style fresh water shrimps? I tried a few Chinese restaurants here and they all use the wrong shrimps.

132   Peter P   ignore (0)   2006 Apr 11, 3:36pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Do you buy them live? Half of my family refuse to eat these things if they’re not cooked alive.

It is fine if they are not "live" but fresh enough.

133   astrid   ignore (0)   2006 Apr 11, 3:37pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Sadly, no.

134   Peter P   ignore (0)   2006 Apr 11, 3:40pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Sadly, no.

Oh no. :(

135   astrid   ignore (0)   2006 Apr 11, 3:41pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Well, someone else might. I'm not familiar with BA eating places at all.

136   astrid   ignore (0)   2006 Apr 11, 3:42pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Otherwise, Shanghai and Hong Kong are only a $300-400 dollar flight away.

137   Peter P   ignore (0)   2006 Apr 11, 3:44pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Well, luckily, sashimi in the Bay Area is not bad at all.

138   surfer-x   ignore (0)   2006 Apr 11, 4:09pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

I typically prefer my Veal free range, and beaten to death.

139   surfer-x   ignore (0)   2006 Apr 11, 4:12pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

ramen and malt liquor

I bought Schlitz out of a vending machine on Kyushu once, then had drinks with a Yakuza.

140   tsusiat   ignore (0)   2006 Apr 11, 4:20pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

surfer-x

Did something similar stumbling home from Susukino once. Gotta love all those vending mahines with cans of malt liuor and bottles of scotch in them on the street corner. That was cool!

141   tsusiat   ignore (0)   2006 Apr 11, 4:24pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

BTW -

it's almost like looking at the sun, it will burn your eyes out, so look away -

kind of like all the talk here about inflation, deflation, stagflation.

Look at Germany in the 1920s, kind of gives me an idea of one possible outcome to the current economic mess:

Asset destruction, dollar devaluation, deficits and debts requiring high rates to secure ANY kind of continued investment

=

hyperinflation.

The World Bank and the IMF are going to be the next President's best friends.....

142   Different Sean   ignore (0)   2006 Apr 11, 4:58pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Look at US in the Great Depression also - 25% unemployment, bottoming out of the consumer boom, total lack of consumer confidence, repossessions everywhere...

143   Different Sean   ignore (0)   2006 Apr 11, 5:07pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

I do not like raw vegetables though.

ah, la crudité... that's actually best for you, no degradation of vitamins, antioxidants, etc... as long as you wash all the soil off first... maybe lightly steamed...

They’re actually trying to cull the population to reduce their environmental impact.

shouldn't have any trouble selling culled lamb on the market... 5 year old mutton is another story...

Okay, want to go back to wacky get rich quick schemes?

who, me? i was just reflecting on these when i came back to the site and hit F5, by a coincidence - how people like Kiyosaki imply that working for a living is for schmos, and you should always be looking out for scams and ways of getting rich quick... and how many people have tried taking the 'easy money' route of property, where you could make more in a single sale than all your life savings from waged work to date - no wonder it's tempting to many...

on the other hand, baudrillard suggests that all remuneration is just a 'gift', where the market decides how much to gift people for their efforts, or through other means, such as inheritances, scams, etc - I know what he's getting at - e.g. someone might be paid more just because the boss likes them, and it's hard to measure the real benefit of an MBA or a Congressman as often as not...

144   astrid   ignore (0)   2006 Apr 11, 5:29pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

arf, insomnia.

DS,

You really got to take my phrasing a little less seriously. No one here is actually peddling a get rich quick scheme. I planned this thread as an educational + brainstorming thread. Then participated in degrading the thread into food and architecture. (sound familar?)

Kioyosaki is widely derided in the bubblehead community as a liar and a joke.

Also, there's nothing wrong with looking ahead for opportunities. I'm not rich enough to devote myself to altruistic deeds alone. However, if you can get me a million dollar grant for an organic farm, I'll be more than happy to give up my selfish existence and grow green leafy vegetables for war orphans.

145   Peter P   ignore (0)   2006 Apr 11, 6:16pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

ah, la crudité… that’s actually best for you, no degradation of vitamins, antioxidants, etc… as long as you wash all the soil off first… maybe lightly steamed…

I know... but somehow I cannot stand crispy veggies. Maybe lightly steamed (or poached in broth) then.

146   Peter P   ignore (0)   2006 Apr 11, 6:21pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

arf, insomnia.

Try brainwave entrainment.

You can download BrainWave Generator for free and it may help you arrive at certain states of consciousness.

http://www.bwgen.com/

Sometimes, I have really serious insomnia problems. They tend to come in streaks and I suspect that they are somehow related to planetary alignments. :-P

147   astrid   ignore (0)   2006 Apr 11, 6:28pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

DS,

Also, this this

http://www.nybooks.com/articles/18910

on DailyKos

149   Different Sean   ignore (0)   2006 Apr 11, 7:56pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

i just wrote some great repllies to the healthcare thing etc, and they are all lost in cyberspace :cry: can't be assed writing them again...

patrick needs to upgrade urgently!

150   frank649   ignore (0)   2006 Apr 12, 11:21am   ↑ like (0)   ↓ dislike (0)   quote   flag        

"If I’m happy with rent of $1000/mo and salary is $50,000/yr then I should also be happy with rent of $2000/mo and salary of $100,000/yr, assuming everything else also doubles." - Randy H.

It's not that simple. New money favors its first recipients to the disadvantage of later ones. Incomes don't necessarily rise accordingly, and for people on fixed incomes, not at all. Inflation produced by the introduction of new money (monetary inflation) that doesn't replace worn money, can only do harm to an economy.

151   frank649   ignore (0)   2006 Apr 12, 11:47am   ↑ like (0)   ↓ dislike (0)   quote   flag        

SL, let me give it a shot...

"I don’t understand the economy. How do you quantify “inflation”?"

Inflation used to refer simply to an increase in the supply of money that you usually experience through its consequence of increasing prices. Today the term is also used to describe the 'consequence' (rising prices), which is quite misleading. Many people distinguish the two by using the term 'monetary inflation' for the former and 'price inflation' for the latter; this is much clearer imo.

"I mean everyday prices on electronics drop (i.e. for the same $ you get better stuff the longer you wait) so is that deflation?"

The term deflation can also be used to describe a decrease in the money supply or a decrease in prices. Dropping prices is price deflation. Price deflation can be caused by monetary deflation. In the case of prices on electronics however, the decrease is more likely attributed to productivity gains rather than monetary deflation - manufacturers find cheaper ways of producing the electronics.

"If gas prices go up, is that inflation?
If home prices drop, is that deflation?"

If you measure inflation/deflation by measuring the supply of money (monetary inflation/deflation) then the answer is independent of such consequences as the price of any consumer good.

"If wages rise, is that inflation?"
"If the dollar devalues, is that inflation?"
"How the hell you figure this crap out?"

Well, if you increase the supply of money, eventually every dollar will buy less.

152   astrid   ignore (0)   2006 Apr 12, 11:54am   ↑ like (0)   ↓ dislike (0)   quote   flag        

frank,

Thank you for that.

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The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

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