New Thread: Bailout: The Potomac Two-Step
http://www.calculatedriskblog.com/2009/04/bailout-potomac-two-step.html ( 218 comments )
I also post comments to an irc channel as they appear on haloscan. Click for a web irc interface: http://realize.org/cr (Or join the irc server directly: irc.realize.org:9996 #calculatedrisk)
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yagij and CRbot: Now with more CRC-ized posting power. You can worship us a little now, mortals.
DAP or not does not matter when FHA only requires 3.5% down in a decling market, what do you expect? This was expected and part of the gov't plan to support housing prices, another is the current 4.5% low interest,another FHA allows up to 10 TEN properties per investor borrower, this will make the subprime look tame.
401K's will probably be grabbed by the O regime and you will be given worthless treasuries before this is over. Better get out before that happens. Dittos for IRAs and Roth IRAs.
"You would be slapped in the mouth if you offered your mother $50 for Thanksgiving dinner, and laughed at if you tried to obtain a loan from a bank using a pledge of gratitude as interest payment. It's one of the primary faults in economic models that assume everything has a cash price."
Yep.
anybody recommend a safe bank
Just stay under FDIC limits
"Also, based on what Pavel has written here previously, I think he sees risk as a permanent feature of existence, so to call the world insecure is not necessarily to say that things are getting worse, but rather to acknowledge that we are already living in a fallen and broken world. "
Fair enough. Perhaps things have been getting worse, because certain forms of social stability seem to be dissolving. But this is the only era I've ever lived through. Eighty years ago my uncle took part in what amounted to small-scale civil war on the streets of Berlin. There was plenty of gun fire. Many people were killed. The result was not more freedom, but a great deal less.
r
Pavel,
Same reason suicides have increased. It just happens that more people have been pushed past the critical stress level without any outlet to turn to. Yes, that could be in the form of a emotional network or spiritual organization.
I'm reminded of the 2 suicides of 600 laid off PoiC related. Money problems are the straw that broke the camel's back. Right now, there is no where you can move to get away from it all -- all illusion of self-determination destroyed.
People have got by relying on the financial economy so much in recent decades. Unemployment has been handled by running up credit card bills, and not moving in with friends. There are dual incompatible economies in my opinion: one social, one financial. You would be slapped in the mouth if you offered your mother $50 for Thanksgiving dinner, and laughed at if you tried to obtain a loan from a bank using a pledge of gratitude as interest payment. It's one of the primary faults in economic models that assume everything has a cash price. Once you try to pay a friend to help you move, even $1, they won't do it at all.
Security is a word that is in search of a new meaning.
The source of what provides that security is also going to be redefined for a lot of people.
EHP,
Got it. I think exploring the various definitions of insecure might resolve this. I don't want to speak for Pavel, but I would expect his definition of insecure to resonate with a lack of structural stability, perhaps a lack of adequate protection; in other words, not just the worry about one's personal appearance or social standing. Also, based on what Pavel has written here previously, I think he sees risk as a permanent feature of existence, so to call the world insecure is not necessarily to say that things are getting worse, but rather to acknowledge that we are already living in a fallen and broken world.
I tried to post a translation of this poem but apparently it has too many bytes. Worth looking up.
DER VATER
By Albrecht Haushofer (1903-1945)
New Thread: Bailout: The Potomac Two-Step
http://www.calculatedriskblog.com/2009/04/bailout-potomac-two-step.html ( 218 comments )
I also post comments to an irc channel as they appear on haloscan. Click for a web irc interface: http://realize.org/cr (Or join the irc server directly: irc.realize.org:9996 #calculatedrisk)
CRbot is now proud to have the honor of introducing a NEW ERA in CR comments. With the JS-kit, but not below the JS-kit. A independent but integrated solution for all CR fanatics...
Brought to you by the hard work, dedication, and carpal-tunnel ridden fingers of your own yagij (and to a trifling amount your lovable CRbot code janitor, who will be flogged later)....
But first, let me don my ever stylish-- trendy but classic -- black mock turtleneck.
And now, introducing the revolutionary new innovative revolution that will no doubt revolutionize CR comments forever... ENDING the era of agonizing over long, carefully crafted comments only to lose COUNTLESS MINUTES when your comment is eaten by the JS-kit gremlins... CHANGING for all time the way you talk about mortgage pigs, hoopajoops, red and green colored muppets, and born and bred dopes...
With no further adieu... CRbot gives you... THE CRC-IZER!!!!!!!
You can also find a index of the 10 most recent threads, with mobile links at: http://realize.org/cr/crcizer/phpCRo.php
Ahem. Now the skeptical amongst you might consider this to be a joke since it IS April 1st. I find such lack of faith disturbing. Click and BELIEVE!
--Your much-more-db-enhanced bot
yagij and CRbot: Now with more CRC-ized posting power. You can worship us a little now, mortals.
DAP or not does not matter when FHA only requires 3.5% down in a decling market, what do you expect? This was expected and part of the gov't plan to support housing prices, another is the current 4.5% low interest,another FHA allows up to 10 TEN properties per investor borrower, this will make the subprime look tame.
401K's will probably be grabbed by the O regime and you will be given worthless treasuries before this is over. Better get out before that happens. Dittos for IRAs and Roth IRAs.
"You would be slapped in the mouth if you offered your mother $50 for Thanksgiving dinner, and laughed at if you tried to obtain a loan from a bank using a pledge of gratitude as interest payment. It's one of the primary faults in economic models that assume everything has a cash price."
Yep.
anybody recommend a safe bank
Just stay under FDIC limits
"Also, based on what Pavel has written here previously, I think he sees risk as a permanent feature of existence, so to call the world insecure is not necessarily to say that things are getting worse, but rather to acknowledge that we are already living in a fallen and broken world. "
Fair enough. Perhaps things have been getting worse, because certain forms of social stability seem to be dissolving. But this is the only era I've ever lived through. Eighty years ago my uncle took part in what amounted to small-scale civil war on the streets of Berlin. There was plenty of gun fire. Many people were killed. The result was not more freedom, but a great deal less.
r
Pavel,
Same reason suicides have increased. It just happens that more people have been pushed past the critical stress level without any outlet to turn to. Yes, that could be in the form of a emotional network or spiritual organization.
I'm reminded of the 2 suicides of 600 laid off PoiC related. Money problems are the straw that broke the camel's back. Right now, there is no where you can move to get away from it all -- all illusion of self-determination destroyed.
People have got by relying on the financial economy so much in recent decades. Unemployment has been handled by running up credit card bills, and not moving in with friends. There are dual incompatible economies in my opinion: one social, one financial. You would be slapped in the mouth if you offered your mother $50 for Thanksgiving dinner, and laughed at if you tried to obtain a loan from a bank using a pledge of gratitude as interest payment. It's one of the primary faults in economic models that assume everything has a cash price. Once you try to pay a friend to help you move, even $1, they won't do it at all.
Security is a word that is in search of a new meaning.
The source of what provides that security is also going to be redefined for a lot of people.
EHP,
Got it. I think exploring the various definitions of insecure might resolve this. I don't want to speak for Pavel, but I would expect his definition of insecure to resonate with a lack of structural stability, perhaps a lack of adequate protection; in other words, not just the worry about one's personal appearance or social standing. Also, based on what Pavel has written here previously, I think he sees risk as a permanent feature of existence, so to call the world insecure is not necessarily to say that things are getting worse, but rather to acknowledge that we are already living in a fallen and broken world.
I tried to post a translation of this poem but apparently it has too many bytes. Worth looking up.
DER VATER
By Albrecht Haushofer (1903-1945)
New Thread: Bailout: The Potomac Two-Step
http://www.calculatedriskblog.com/2009/04/bailout-potomac-two-step.html ( 218 comments )
I also post comments to an irc channel as they appear on haloscan. Click for a web irc interface: http://realize.org/cr (Or join the irc server directly: irc.realize.org:9996 #calculatedrisk)
CRbot is now proud to have the honor of introducing a NEW ERA in CR comments. With the JS-kit, but not below the JS-kit. A independent but integrated solution for all CR fanatics...
Brought to you by the hard work, dedication, and carpal-tunnel ridden fingers of your own yagij (and to a trifling amount your lovable CRbot code janitor, who will be flogged later)....
But first, let me don my ever stylish-- trendy but classic -- black mock turtleneck.
And now, introducing the revolutionary new innovative revolution that will no doubt revolutionize CR comments forever... ENDING the era of agonizing over long, carefully crafted comments only to lose COUNTLESS MINUTES when your comment is eaten by the JS-kit gremlins... CHANGING for all time the way you talk about mortgage pigs, hoopajoops, red and green colored muppets, and born and bred dopes...
With no further adieu... CRbot gives you... THE CRC-IZER!!!!!!!
You can also find a index of the 10 most recent threads, with mobile links at: http://realize.org/cr/crcizer/phpCRo.php
Ahem. Now the skeptical amongst you might consider this to be a joke since it IS April 1st. I find such lack of faith disturbing. Click and BELIEVE!
--Your much-more-db-enhanced bot
yagij and CRbot: Now with more CRC-ized posting power. You can worship us a little now, mortals.
DAP or not does not matter when FHA only requires 3.5% down in a decling market, what do you expect? This was expected and part of the gov't plan to support housing prices, another is the current 4.5% low interest,another FHA allows up to 10 TEN properties per investor borrower, this will make the subprime look tame.
401K's will probably be grabbed by the O regime and you will be given worthless treasuries before this is over. Better get out before that happens. Dittos for IRAs and Roth IRAs.
"You would be slapped in the mouth if you offered your mother $50 for Thanksgiving dinner, and laughed at if you tried to obtain a loan from a bank using a pledge of gratitude as interest payment. It's one of the primary faults in economic models that assume everything has a cash price."
Yep.
anybody recommend a safe bank
Just stay under FDIC limits
"Also, based on what Pavel has written here previously, I think he sees risk as a permanent feature of existence, so to call the world insecure is not necessarily to say that things are getting worse, but rather to acknowledge that we are already living in a fallen and broken world. "
Fair enough. Perhaps things have been getting worse, because certain forms of social stability seem to be dissolving. But this is the only era I've ever lived through. Eighty years ago my uncle took part in what amounted to small-scale civil war on the streets of Berlin. There was plenty of gun fire. Many people were killed. The result was not more freedom, but a great deal less.
r
Pavel,
Same reason suicides have increased. It just happens that more people have been pushed past the critical stress level without any outlet to turn to. Yes, that could be in the form of a emotional network or spiritual organization.
I'm reminded of the 2 suicides of 600 laid off PoiC related. Money problems are the straw that broke the camel's back. Right now, there is no where you can move to get away from it all -- all illusion of self-determination destroyed.
People have got by relying on the financial economy so much in recent decades. Unemployment has been handled by running up credit card bills, and not moving in with friends. There are dual incompatible economies in my opinion: one social, one financial. You would be slapped in the mouth if you offered your mother $50 for Thanksgiving dinner, and laughed at if you tried to obtain a loan from a bank using a pledge of gratitude as interest payment. It's one of the primary faults in economic models that assume everything has a cash price. Once you try to pay a friend to help you move, even $1, they won't do it at all.
Security is a word that is in search of a new meaning.
The source of what provides that security is also going to be redefined for a lot of people.
EHP,
Got it. I think exploring the various definitions of insecure might resolve this. I don't want to speak for Pavel, but I would expect his definition of insecure to resonate with a lack of structural stability, perhaps a lack of adequate protection; in other words, not just the worry about one's personal appearance or social standing. Also, based on what Pavel has written here previously, I think he sees risk as a permanent feature of existence, so to call the world insecure is not necessarily to say that things are getting worse, but rather to acknowledge that we are already living in a fallen and broken world.
I tried to post a translation of this poem but apparently it has too many bytes. Worth looking up.
DER VATER
By Albrecht Haushofer (1903-1945)