Simple economics. . .

the bank runs on wall street have already began. look at the news.

its just a matter of time before they begin by the general public.

these band aids the fed and the other international banks have applied are temporary at best.. pumping liquidity into the market and purchasing debt will not save us...

 

besides,,i never said "right now" i said "soon enough" and "when"

 

like i said, when i see wide spread panic in the general public, then i'll be worried. they should have let the banks fail

long term - i'm loving the housing market now.

 

your loving the housing market?? you cant pay your student loan but your loving the housing market..
makes perfect sense to me...

 

thats why i said long term...my student loans will be well paid off by then.

 

"long term", the housing market will already be on the rebound,but by then you will have to have a 30% down payment(most banks have already jumped to that),if you can find a bank to go that low with a first time buyer..

and your in masshole,,yeah id be lovin the thought of having to save a 100 grand or more to buy my first house to,,if i was delusional.

its all good,you should have your first home by the time your 40...

 

i'll have my first home before i'm 30

what other reason would i be living at home for? i get to pay off my loans, and save for a downpayment for a house

 

whatever you say.. umm,,but,ya gotta get a job first..

 

i do have a job. i'm a soccer official. i make $60/game. for an hour to 1 1/2hours of work, i'd say thats pretty good

thats more than i would make if i got some crappy minimum wage job for one day

 

hey man,more power to ya..... good luck on your plan..

 

you knwo what all that means right?

gotta open my own business too

hahaha

 

:toetap05:

 

SEC just blocked short selling.

 

what's short selling, again?

 

it's basically betting that the market will fall. It's what I was talking to you about last night.

 

Buying and selling securities short-term.

Buying when a particular stock tanks and selling it the same day or week before it drops again.

Makes markets very volitile.

 

Does that surprise you?

They are desperate.

Even these moves are not going to stop what is coming.

I give it 3 years max before the whole house of cards collapses. That is a highly optimistic view.

I just got back from a meeting with my financial advisers.

All of my major assets are being moved out of U.S. banks and into Platinum. gold and Silver bullion and real estate.

Of course they are being bought and stored out of the U.S.

It is going to be a bumpy ride

 

Yes it is going to be bumpy but fear not, once a new water mark is established, you make money from there. This happens daily. The key is to be set for the collapse which I believe wont be for another 10-15 years.

 

I really don't see how the U.S. can keep incurring debt for another decade.

Seriously.