tag:blogger.com,1999:blog-4622411633995176328.post3484678401347610571..comments2023-09-29T04:22:59.719-07:00Comments on Average Buyer: The national debt doubled this morning ...Buying Timehttp://www.blogger.com/profile/04651516505789196067noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4622411633995176328.post-75127375241925258612008-09-07T20:41:00.000-07:002008-09-07T20:41:00.000-07:00I missed the all coverage of Paulson today, except...I missed the all coverage of Paulson today, except for the Internet, and even find my various blog sources scrambling to figure this one out.<BR/><BR/>From what I can gather so far, the extended foreclosure time period and the potential to reduce the interest rates only prolong the "correction" of the market, I steer away from the word crash as it seems inappropriate.<BR/><BR/>Extending the market correction only prolongs the pain, I believe Japan can attest to this.husmanenhttps://www.blogger.com/profile/12133974934289103581noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-1354553427735705492008-09-07T20:15:00.000-07:002008-09-07T20:15:00.000-07:00On the media: My brain really appreciated viewing ...On the media: My brain really appreciated viewing the conventions on C-span. It was amazing what opinions I could actually come to myself, and that Sig and I could debate together, without people actually telling us what to think. <BR/>On the bailout: people may not be as blind as we assume. My youngest daughter is currently going through a very rough time and has little time to spare for thinking about such things. She's a renter, she has no investments and is struggling to simply pay her bills, she has a 2 year old, etc. When I spoke with her today, she was well aware of the bailout and she told me that it meant "my great grandkids are going to be paying for this".Cmysthttps://www.blogger.com/profile/03711467903139972088noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-51731034518185376242008-09-07T15:29:00.000-07:002008-09-07T15:29:00.000-07:00We double the national debt and it isn't maybe a l...<I>We double the national debt and it isn't maybe a little newsworthy?</I><BR/><BR/>As I'm fond of saying, the media is worthless.patient renterhttps://www.blogger.com/profile/17790407105234257876noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-35501058261429832312008-09-07T15:08:00.000-07:002008-09-07T15:08:00.000-07:00I sit corrected on the national (US Government) de...I sit corrected on the national (US Government) debt. Several websites list it as $9.7 trillion today, of which $5 trillion is held by the public. So the debt didn't double, it only increased by 50%. <BR/><BR/>And my prediction of the foreclosure freeze isn't creative on my part. Recall that is exactly what they did after they took over IndyMac not much more than one month ago. <BR/><BR/>So what happens if they freeze foreclores for folks who are going to walk? (1) Those people get free rent (aka tax free income) for that much longer and (2)it delays the inevitable foreclosure prolonging the problem.Paulhttps://www.blogger.com/profile/15634210039124468886noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-53670299244156685702008-09-07T12:28:00.000-07:002008-09-07T12:28:00.000-07:00The national debt didn't double. We are at $53T so...The national debt didn't double. We are at $53T so what's another $5T here or there...<BR/><BR/>The problem for the banks and government is that they assume/hope people want to stay in their homes. But is that really the case? People that are underwater can just walk, rent for less, and forget about the debt, let the bank have the asset.Jacobhttps://www.blogger.com/profile/16215833990317515502noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-46346891063474879372008-09-07T11:17:00.000-07:002008-09-07T11:17:00.000-07:00I'll be pretty ticked off if they freeze all the f...I'll be pretty ticked off if they freeze all the foreclosure activity at taxpayer expense. <BR/><BR/>It't not the governments job to pick winners and losers in the economy. At least with the recent govnt rebate, most renters and responsible homeowners get something.<BR/><BR/>As a liberal, I believe in social safety nets, affordable health care for all etc. But this does not qualify.Buying Timehttps://www.blogger.com/profile/04651516505789196067noreply@blogger.com