patrick.net
An Antidote to Corporate Media
1,238,047 comments by 14,799 users - desertguy online now
invite response« First « Previous Comments 273 - 276 of 276 Search these comments
Malcolm
2007 Aug 15, 3:37am
Lost Cause Says:
August 11th, 2007 at 3:55 pm
"Does anybody really think this injection of liquidity will make people buy the now worthless finacial products formerly so popular? Hahahahaha…"
Actually my take on it is now the government has done just that. Basically they have pumped money into banks to keep cash reserves up because the banks' lending ability is locked into paper which is becoming worthless. This is a patch, but I think I will add to my prediction that we will see the fed forgive these additional lines which will be converted from fed loans to basically grants.
Malcolm
2007 Aug 15, 3:38am
Randy, maybe a thread discussing whether this liquidity infusion is actually a masked bailout might be fun. There are all kinds of tangents that could lead off to.
Randy H
2007 Aug 18, 7:53am
@Malcolm
theotherside has been very disingenuous. If you search back through the threads you'll find that she incited every fight with insults and other trolldom.
She also pissed off a bunch of people and drove away a few regulars when she began abusing our no-filtering of trolls policy by spamming us with the same listing for month after month.
Malcolm
2007 Aug 24, 3:08pm
She definitely backed herself into a corner with her 'houses are an absolutely good investment, and are always a safe bet point of view' but never struck me as particularly nasty or malicious. I think she is just really misguided, and I do agree with you that there is a hidden motive of either self preservation, or industry cheerleading at work there.
My experience is that when people act like that it is from a bruised ego, and I tend to try to guide them to my side rather than rub it in especially when you have the upper hand of clearly being superior to her in your sound points of view.
« First « Previous Comments 273 - 276 of 276 Search these comments
I believe we are now at what will be seen as the inflexion point. It took a long time to get here, but the housing bubble is finally recognized as a passé concept. The real debate now is how much and how long of a correction.
There's a lot going on. None of us knows the future with any useful accuracy. I know I have been wrong about as much as I've been right about the past 2-3 years. Hopefully we've all learned something. Hopefully there's more yet to be learned. My question is, what do you think is going to play out now? I'm hoping we can take a moment to contemplate a bit and lay off the utter despair, doomsday or deep conspiracies and instead discuss with a tad more rigor. This blog has an amazing share of very smart people; let's put something down now that might serve as a reference point for the next twelve months.
As always, I don't moderate any comments, regardless of opinion, so long as the commenter make an effort to support their position.
--Randy H
#housing