Tuesday, July 26, 2011

US Coming out of the nose dive soon?

Home Prices in 20 U.S. Cities Fell 4.5% in Year

"The S&P/Case-Shiller index of property values in 20 cities fell 4.5 percent from May 2010, the group said today in New York. The decline matched the median forecast of 32 economists surveyed by Bloomberg News".

Posted by alan @ 03:17 PM (1260 views)
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9 thoughts on “US Coming out of the nose dive soon?

  • “US Coming out of the nose dive soon?”

    LOL, That isn’t the plan. Far from it!

    Still haven’t got all the guns just yet and thus total control, the NWO’s wild card that still frustrates.

    We need more white terrorists and guns across our drugs border please.

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  • All those people who took out massive loans to buy property must be laughing all the way to the bank…Unlike those moronic gold bugs.

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  • estrader: So you really didn’t understand str 2007’s point from the other post? In str 2007’s scenario, the people who took out massive loans would only be laughing all the way to the bank in the event that cash went to zero (hyper inflation). Cash hasn’t gone to zero and US inflation is moderate, so obviously the holders of massive debt are not laughing all the way to the bank.

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  • estrader: There is not the remotest element of “straw man” in my comment above. Your response, on the other hand is the epitome of “straw man” style commentary. This is a debating forum where ill-considered comments are almost certain to get contradicted. If you don’t like the being contradicted then think your comments through properly or avoid debating forums. Your comment @1 demonstrated that you had entirely missed the point of the previous debate, so I contradicted you. Like I say it’s a debating forum. That’s what we do.

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  • Flashman: “If cash were to be destroyed (hyperinflation) then pre existing mortgages or debt would also effectively be destroyed”

    You cunningly added the word PRE-EXISTING to the debate. Do you understand? You added a new word so that you could continue to insist that I meant what you think I meant, even though I have explained it a few times.

    This is what I wrote: So who will end up being the real suckers…The ones who buy gold or the ones who go massively into debt?
    Any reasonably intelligent adult could see that the word pre-existing is not there. Any reasonably intelligent adult could see that ‘buy gold’ and ‘go massively into’ implies they have neither to begin with. The comment was written from the perspective of how someone would react after reading Marc Faber’s article. I repeat, you added pre-existing.

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  • For those that missed the cause of this melee, str 2007 wrote @2:

    “If cash will be destroyed maybe a mortgage is as good a bet as gold?”

    estrader replied:

    “@2 So who will end up being the real suckers…The ones who buy gold or the ones who go massively into debt?”

    str made the valid and self-evident point that in the event that cash were to be destroyed, a mortgage would be ‘AS GOOD A BET’ as gold. (note that he didn’t choose one over the other). This is a good point because a mortgage would be effectively expunged by the collapse of cash and the mortgage holder would get a free house which marks him down as a winner from the collapse of cash scenario.

    estrader then replied by giving us a clear-cut choice of ‘real suckers’ between gold holders and mortgage holders, in the event of a collapse of cash. As I have explained above, neither could remotely be considered a ‘real sucker’, in the event of a collapse of cash, so it was entirely incorrect of estrader to imply that the holders of a mortgage would be ‘the real suckers’.

    I thought it was worth pointing out estraders error because on a house price site it is always worth noting that mortgages are drastically reduced by high levels of inflation. It’s one of the ways that home owners gain an unfair advantage over renters. If anyone here seriously believes in the likelihood of super high inflation, then they would do well to load up on debt and use it to buy houses and gold. Not one or the other

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  • estrader has tried many times to explain to flashman but he refuses to understand.

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  • Well, I’ve got to admire your effort but claiming that your post @7 was in response to my post @8 is perhaps taking things a little bit too far. Have a nice day

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  • 10.

    Very far by the looks of it. Relax!

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