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General Congreve, July 16, 2009
Posted July 16, 2009
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Posted July 16, 2009
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The option that I would choose is :
Let asset prices go to the level that the fundamentals support. Governments have no business trying to prop up prices. The the prudent and astute thrive. Let the reckless and foolish suffer.
A rather loaded poll. Pointless, really.
House prices will be 40% of peak prices by the time this has finished, but it's ok, because they will be just as (un)affordable as they always have been, due to high interest rates. Woe betide anybody with a large loan.
No prizes for guessing the outcome of this vote. HPCers are more inclined towards cash rich asset poor.
I am not afraid of the current financial situation - I am scared of the remedy. As foolhardy as it appears, they will try it.
Good, good. An early lead for the hyenas. Nice to know I'm not alone in wishing poverty upon the world at large to further my own ends. We can all go to hell and party together.
Perhaps, but there is a soft option in the second choice. I really wanted to judge how evil everyone was and it seems most of you passed the test with flying colours!
No prizes for guessing the outcome of this vote. HPCers are more inclined towards cash rich asset poor.I am not afraid of the current financial situation - I am scared of the remedy. As foolhardy as it appears, they will try it.
On the contrary, the remedy is just what I'm hoping for, bring on the hyperinflation.
Oh dear, looks like you're not all as hardcore as I thought you were, we're seeing a significant minority go for the halfway house 'soft' option.
And who voted for the first choice?!?!?! Is that you Hamish?
You won't like it. I can promise you that.
I have a good amount of physical gold too, but I don't wish for it. I would prefer deflation 'cash is king'.
You won't like it. I can promise you that.I have a good amount of physical gold too, but I don't wish for it. I would prefer deflation 'cash is king'.
You could well be right, some contrarians believe deflation is actually more bullish than hyperinflation for gold.
I'm happy to see a few unfortunate people at the margin suffer if it means a cheaper housing and a more stable economy.
I'm afraid you can't join my 'Fully Evil' club then Tim123, you only get a 'must try harder' report card.
Im sure a lot of us warned people what was going to happen, and did people listen? Nope. So why should we care now?
Lifes a bitch
Im sure a lot of us warned people what was going to happen, and did people listen? Nope. So why should we care now?Lifes a bitch
That's the attitude. See Tim123, this is what you need to be aspiring too.
Well, it seems after 34 votes, which I think is a reasonable sample size considering the number of active HPCers, the evil ones out number the softies by very nearly 2 to 1.
So, like a bunch of modern day highwaymen mercilessly torturing their victims, before violently slitting their throats and making off with the loot, the mawkish EVIL ONES have it.
Onward to the bottom of the crash and the spoils it may bring!!!
I went for this option. But "unfortunate" does not necessarily describe most of the people at the margins, for me. Stupid, or gullible, or reckless would be better.
But I don't want to be "aspiring"
But I don't want to be "aspiring"tim
Exactly, it is only a means to an end. What you really want to do is spend as little time aspiring as possible before becoming fully EVIL and making off like a bandit.
Remember that the families off said stupid people didn't always have a choice in the financial matters of the household. The kids for example. They will be the truly unfortunate ones who will get bullied for living in a bedsit, getting free school meals and not being able to afford an iPod.
So, your answer to the poll will depend not only on your sympathy for stupid decision makers, but also those 'unfortunates' who also suffer as a result through no real fault of their own. This could also include the many of the newly unemployed people who have made good decisions over the years but are suffering as a result of the depression through no direct fault of their own.
Personally, after searching deep inside myself I say s0d 'em. As do the majority on here it seems, MWAAAAHAHAHAHAHAAA!!!
My view is, regardless of whether house prices go up or down, those who bought pre 2008 are stuck with theyre mortgages. We may as well help as many buyers now by encouraging prices down and stopping the intergenerational transfer of wealth to baby boomers.
Theres no point aspiring to be evil, you're ever born evil or not.
i can't stand the whole stupid mess, and wish misfortune on no-one*. just trying not to join the pile of unfortunates by overextending. having said that i'm unhappy about overpaying in order to bail someone else's dumb decision.
*apart from speculators and flippers. i don't give a damn what happens to them
"Slash and burn baby!!! I'm riding this once-in-a-lifetime opportunity to early-retirement"
... a rather rose-tinted view of the consequences of economic collapse? It depends on precisely what you mean by "early retirement" of course
Not true I think. I'm sure many a German soldier in WW2 or American GI in Vietnam would never have become evil and morphed into a raping killers, as some did, as a result of indoctrination and the evils of war, had they not been put in that position.
So it is still possible for Tim123 to look inside his heart and find the darkness he needs to truly profit from the financial destruction without feeling any pangs of conscience for those suffering around him.
"Slash and burn baby!!! I'm riding this once-in-a-lifetime opportunity to early-retirement"... a rather rose-tinted view of the consequences of economic collapse? It depends on precisely what you mean by "early retirement" of course
Probably using the proceeds of my gold investment to buy a large house with a moat and a turret with a machine gun. Then spending my days mowing down the bitter, starving, baying mob on the other side of the moat who have transferred their perceived paper wealth to me through their own stupidity.
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