Lucky... 0 #101 February 12, 2008 QuoteQuoteIf I were a lawyer w/o an argument I would make a comment on the misisng letter and the misspelling, now I just realize it's just what happens on posting boards. Not if you were taught to proofread your own material before turning it in for a grade. This is not a term paper, so who gives a fuck other than people w/o an argument. The point of my assertion was that lawrocket, a guy who, like me, makes plenty of errors, but he decides to cell me on em. Again, who gives a fuck if wto (intentional) letters are flipped or one is mising (intentional)? Quote Share this post Link to post Share on other sites
Lucky... 0 #102 February 12, 2008 QuoteFirst, your link is completely irrelevant. The consumers who obtained fixed rate mortgages are not the ones in trouble. They may be living in houses that are mortgaged for more than they're currently worth, but so long as their housing budget doesn't decrease, they should be okay. They just don't have the option of selling their homes without losing money. That's a good thing in the big picture, because it helps keep supply down in a slow housing market. The people who took out ARMs that they didn't realize they couldn't afford from lenders who didn't care because they know the mortgages would be sold off prior to any problems are the consumers that are in trouble, the ones that are facing foreclosures and undermining the mortgage backed securities market. The 1990s were a period of great economic growth, and the technology market offered plenty of opportunity for innovation and improved efficiency. Unfortunately, we also saw tech stocks overvalued. Larger companies often paid too much to buy start-ups that were little more than partially developed ideas. There was a lot of speculation, and poor business decisions. The tech market was largely a new one, and it's future was unclear, without much history to analyze to make predictions. Mortgages, on the other hand, have been around for a long time. It is pretty well known how the housing markets reacts from different stimuli. There was much criticism to the continued lowering of the interest rates. The housing bubble was foreseen. Even Greenspan saw it. He even goes so far as to say the "political establishment" would not have found higher interest rates acceptable. (He also argues that raising the interest rates higher or faster would not have helped, that the housing bubble was inevitable, but many of his critics disagree.) Agreed. And the housing dellima was a direct effect of lowered interest rates. House costs are obviously a compilation of PITA, principal and interest being the largst portion of that by far, esp interest. So when sellers see that the interest is low, the buyers payment is also low, so they raise the principal. Now, why was the interest lowered? When the economy stagnates, the quick fix is to lower the interest rate, hence motivating people to spend. It doesn't work that well for long terms, so you have to keep lowering it. A low iterest rate is not a sign of a healthy economy, it is a sign of a sick one. Now, why did Bush have to lower the rates so much, so long? Tax cuts, the rebate giveaway, etc.. Clinton came in and raised taxes, increased welfare and it took a while, but he inherited a 290B annual deficit and left a 236B surplus. As well the debt had virtually turned the corner. At the same time, growth was at awesome rates, and we had a healthy, stable overall economy. So to borrow growth and claim that growth means nothing. To Have actual growth and lower negative numbers is real growth. Quote Share this post Link to post Share on other sites
jcd11235 0 #103 February 12, 2008 QuoteSo when sellers see that the interest is low, the buyers payment is also low, so they raise the principal. I think it had more to do with lower interest rates increasing demand for houses, and increased demand leading to higher market values (but only while the demand remains high) than it had to do with sellers raising prices because buyers are getting lower payments.Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
idrankwhat 0 #104 February 12, 2008 Quote So, I thought posting one of the reasons why made sense. Anybody seen this on the big 4? http://www.timesonline.co.uk/tol/news/world/iraq/article3346386.ece I just gave this a another look. It is indeed great news. We're winning the battle against a group of evil doers who weren't around until after we invaded Iraq. So, as usual, we cultivate the problem (be it Noreiga, Saddam, al Qaeda in Iraq, maybe Musharraff next) then we knock them down at the expense of thousands of lives and billions of taxpayer dollars. SUCCESS!! WE WIN!! You pro-war people have a strange way of celebrating. "Hey, sure, I stole and wrecked your car but just look at the new pretty paint job I gave you. I'm sorry you're not happy. You must hate beauty." Quote Share this post Link to post Share on other sites
rushmc 23 #105 February 12, 2008 Quote Quote So, I thought posting one of the reasons why made sense. Anybody seen this on the big 4? http://www.timesonline.co.uk/tol/news/world/iraq/article3346386.ece I just gave this a another look. It is indeed great news. We're winning the battle against a group of evil doers who weren't around until after we invaded Iraq. really? got proof? I thought not but we do think the leaders were around. All the ones recruited are, for the most part dead!Next So, as usual, we cultivate the problem (be it Noreiga, Saddam, al Qaeda in Iraq, maybe Musharraff next) (another non-provable opinion from the bush bashers. glad I give the forum to make you happy)then we knock them down at the expense of thousands of lives and billions of taxpayer dollars. SUCCESS!! WE WIN!!Now you are starting to get it. Too bad it is taking sooooo long You pro-war people have a strange way of celebrating. Pro war? more bs emotional type statements to help you feel better about your position. did it help? "Hey, sure, I stole and wrecked your car but just look at the new pretty paint job I gave you. I'm sorry you're not happy. You must hate beauty." What, my car is still in the lot here at work. What are you smokin?"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
GQ_jumper 4 #106 February 12, 2008 QuoteQuoteQuoteIf I were a lawyer w/o an argument I would make a comment on the misisng letter and the misspelling, now I just realize it's just what happens on posting boards. Not if you were taught to proofread your own material before turning it in for a grade. This is not a term paper, so who gives a fuck other than people w/o an argument. The point of my assertion was that lawrocket, a guy who, like me, makes plenty of errors, but he decides to cell me on em. Again, who gives a fuck if wto (intentional) letters are flipped or one is mising (intentional)? Funny you shoud say that, because I remember a while back you used the exact same argument about typos in an argument to prove how much smarter than e you were. Funny how that argument is meaningless in your eyes when turned around on you.History does not long entrust the care of freedom to the weak or the timid. --Dwight D. Eisenhower Quote Share this post Link to post Share on other sites
Lefty 0 #107 February 12, 2008 QuoteQuoteQuoteIf I were a lawyer w/o an argument I would make a comment on the misisng letter and the misspelling, now I just realize it's just what happens on posting boards. Not if you were taught to proofread your own material before turning it in for a grade. This is not a term paper, so who gives a fuck other than people w/o an argument. The point of my assertion was that lawrocket, a guy who, like me, makes plenty of errors, but he decides to cell me on em. Again, who gives a fuck if wto (intentional) letters are flipped or one is mising (intentional)? Please don't make it a habit to write "(intentional)" after all of your mistakes. Your posts will be twice as long.Provoking a reaction isn't the same thing as saying something meaningful. -Calvin Quote Share this post Link to post Share on other sites
idrankwhat 0 #108 February 12, 2008 Quote We're winning the battle against a group of evil doers who weren't around until after we invaded Iraq. really? got proof? I thought not but we do think the leaders were around. All the ones recruited are, for the most part dead!Next So, as usual, we cultivate the problem (be it Noreiga, Saddam, al Qaeda in Iraq, maybe Musharraff next) (another non-provable opinion from the bush bashers. glad I give the forum to make you happy)then we knock them down at the expense of thousands of lives and billions of taxpayer dollars. SUCCESS!! WE WIN!!Now you are starting to get it. Too bad it is taking sooooo long You pro-war people have a strange way of celebrating. Pro war? more bs emotional type statements to help you feel better about your position. did it help? "Hey, sure, I stole and wrecked your car but just look at the new pretty paint job I gave you. I'm sorry you're not happy. You must hate beauty." What, my car is still in the lot here at work. What are you smokin? Tip: A wide screen TV doesn't mean you're getting the big picture. Quote Share this post Link to post Share on other sites
rushmc 23 #109 February 12, 2008 Quote Quote We're winning the battle against a group of evil doers who weren't around until after we invaded Iraq. really? got proof? I thought not but we do think the leaders were around. All the ones recruited are, for the most part dead!Next So, as usual, we cultivate the problem (be it Noreiga, Saddam, al Qaeda in Iraq, maybe Musharraff next) (another non-provable opinion from the bush bashers. glad I give the forum to make you happy)then we knock them down at the expense of thousands of lives and billions of taxpayer dollars. SUCCESS!! WE WIN!!Now you are starting to get it. Too bad it is taking sooooo long You pro-war people have a strange way of celebrating. Pro war? more bs emotional type statements to help you feel better about your position. did it help? "Hey, sure, I stole and wrecked your car but just look at the new pretty paint job I gave you. I'm sorry you're not happy. You must hate beauty." What, my car is still in the lot here at work. What are you smokin? Tip: A wide screen TV doesn't mean you're getting the big picture. Oh shit and for gods sake we all know you are right??? Oh shit, thanks again"America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
kallend 2,150 #110 February 12, 2008 QuoteThe lowering of interest rates through Greenspan under Clinton caused tech stock prices to soar due to the venture capital being invested. Then, the market corrected itself - to the tune of 5.1 trillion dollars. . The dot com bubble was not enabled by interest rates. It was enabled by ignorance of a brand new technolgy and its sociological impact, combined with good old fashioned get-rich-quick mentality. There is NO comparison with the housing bust right now.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
lawrocket 3 #111 February 12, 2008 Hmm. Ignorance seemed to have a lot to do with it. Get rich quick seemed to have a lot to do with it. Trillions of dollars in paper worth were lost. Recession was narrowly averted, which may repeat itself. Dot-com. Housing. Both bubbles. Both burst. Both had large sums of cash invested, and the return was initially huge, then negative. Both were kicked off with lowered interest rates. Both were manias brought about by the perception of big money to be made, which artificially inflated the prices of the commodities into which the investments were made. Yeah, no comparison between the two. My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
Royd 0 #112 February 12, 2008 If I were a lawyer w/o an argument I would make a comment on the misisng letter and the misspelling, now I just realize it's just what happens on posting boards. -------------------------------------------------------------------------------- Not if you were taught to proofread your own material before turning it in for a grade. -------------------------------------------------------------------------------- QuoteThis is not a term paper, so who gives a fuck other than people w/o an argument. The point of my assertion was that lawrocket, a guy who, like me, makes plenty of errors, but he decides to cell me on em. Again, who gives a fuck if wto (intentional) letters are flipped or one is mising (intentional)? It's all about attitude toward quality. Would you also do a crappy job of hanging and finishing sheetrock just because it's in a closet, or even worse, scrimp on footer rebar because you know that the customer doesn't have a clue? Quote Share this post Link to post Share on other sites
Royd 0 #113 February 12, 2008 QuoteI just gave this a another look. It is indeed great news. We're winning the battle against a group of evil doers who weren't around until after we invaded Iraq. Let me guess. They were stacked like cordwood, up there in Afghanistan, just waiting for a phone call. Quote Share this post Link to post Share on other sites
idrankwhat 0 #114 February 12, 2008 QuoteQuoteI just gave this a another look. It is indeed great news. We're winning the battle against a group of evil doers who weren't around until after we invaded Iraq. Let me guess. They were stacked like cordwood, up there in Afghanistan, just waiting for a phone call. Damn you're good. Very close. But, they weren't stacked up like wood. Al Qaeda in Iraq was started by a Jordanian, who fought and trained in Afghanistan. After we invaded he went to Iraq and joined up with with Kurdish militants, foreign fighters, and the Sunni Iraqi insurgency, swearing allegiance to bin Laden in 2004. Quote Share this post Link to post Share on other sites
GQ_jumper 4 #115 February 12, 2008 Damn you're good. Very close. But, they weren't stacked up like wood. Al Qaeda in Iraq was started by a Jordanian, who fought and trained in Afghanistan. After we invaded he went to Iraq and joined up with with Kurdish militants, foreign fighters, and the Sunni Iraqi insurgency, swearing allegiance to bin Laden in 2004.*** Kurdish militants huh? If you are going to argue something get the facts straight, the Kurdish militants themselves with the Special Forces detachments that moved into the north and provided the ground force to help us push south and meet the rest of the US military in Baghdad.History does not long entrust the care of freedom to the weak or the timid. --Dwight D. Eisenhower Quote Share this post Link to post Share on other sites
idrankwhat 0 #116 February 13, 2008 QuoteDamn you're good. Very close. But, they weren't stacked up like wood. Al Qaeda in Iraq was started by a Jordanian, who fought and trained in Afghanistan. After we invaded he went to Iraq and joined up with with Kurdish militants, foreign fighters, and the Sunni Iraqi insurgency, swearing allegiance to bin Laden in 2004.*** Kurdish militants huh? If you are going to argue something get the facts straight, the Kurdish militants themselves with the Special Forces detachments that moved into the north and provided the ground force to help us push south and meet the rest of the US military in Baghdad. Different Kurds. The ones that the Kurdish national forces were fighting against. Quote Share this post Link to post Share on other sites
GQ_jumper 4 #117 February 13, 2008 Different Kurds. The ones that the Kurdish national forces were fighting against. Quote Are you thinking of the PKK?History does not long entrust the care of freedom to the weak or the timid. --Dwight D. Eisenhower Quote Share this post Link to post Share on other sites idrankwhat 0 #118 February 13, 2008 QuoteDifferent Kurds. The ones that the Kurdish national forces were fighting against. Quote Are you thinking of the PKK? Nope, smaller group. Specifically I'm referring to Ansar al-islam. Quote Share this post Link to post Share on other sites GQ_jumper 4 #119 February 13, 2008 Nope, smaller group. Specifically I'm referring to Ansar al-islam. Quote OK Gotcha, the AI groups in the north are enemies with all the established Kurdish factions though, there aren't really any AI cells that are predominantly Kurdish, the Pesh have a very tight grip on the north and any group trying to come to power in the north would be crushed before they had the chance to establish themselves as a threat. You'd be surprised at how well the Kurds have that place locked down, I drove around in Suliminiyah with no body armor and only a concealed pistol in unarmored civilian vehicles, there's little to no threat up there.History does not long entrust the care of freedom to the weak or the timid. --Dwight D. Eisenhower Quote Share this post Link to post Share on other sites Prev 1 2 3 4 5 Next Page 5 of 5 Join the conversation You can post now and register later. If you have an account, sign in now to post with your account. Note: Your post will require moderator approval before it will be visible. Reply to this topic... × Pasted as rich text. Paste as plain text instead Only 75 emoji are allowed. × Your link has been automatically embedded. Display as a link instead × Your previous content has been restored. Clear editor × You cannot paste images directly. Upload or insert images from URL. Insert image from URL × Desktop Tablet Phone Submit Reply 0 Go To Topic Listing
idrankwhat 0 #118 February 13, 2008 QuoteDifferent Kurds. The ones that the Kurdish national forces were fighting against. Quote Are you thinking of the PKK? Nope, smaller group. Specifically I'm referring to Ansar al-islam. Quote Share this post Link to post Share on other sites GQ_jumper 4 #119 February 13, 2008 Nope, smaller group. Specifically I'm referring to Ansar al-islam. Quote OK Gotcha, the AI groups in the north are enemies with all the established Kurdish factions though, there aren't really any AI cells that are predominantly Kurdish, the Pesh have a very tight grip on the north and any group trying to come to power in the north would be crushed before they had the chance to establish themselves as a threat. You'd be surprised at how well the Kurds have that place locked down, I drove around in Suliminiyah with no body armor and only a concealed pistol in unarmored civilian vehicles, there's little to no threat up there.History does not long entrust the care of freedom to the weak or the timid. --Dwight D. Eisenhower Quote Share this post Link to post Share on other sites Prev 1 2 3 4 5 Next Page 5 of 5 Join the conversation You can post now and register later. If you have an account, sign in now to post with your account. Note: Your post will require moderator approval before it will be visible. Reply to this topic... × Pasted as rich text. Paste as plain text instead Only 75 emoji are allowed. × Your link has been automatically embedded. Display as a link instead × Your previous content has been restored. Clear editor × You cannot paste images directly. Upload or insert images from URL. Insert image from URL × Desktop Tablet Phone Submit Reply 0 Go To Topic Listing
GQ_jumper 4 #119 February 13, 2008 Nope, smaller group. Specifically I'm referring to Ansar al-islam. Quote OK Gotcha, the AI groups in the north are enemies with all the established Kurdish factions though, there aren't really any AI cells that are predominantly Kurdish, the Pesh have a very tight grip on the north and any group trying to come to power in the north would be crushed before they had the chance to establish themselves as a threat. You'd be surprised at how well the Kurds have that place locked down, I drove around in Suliminiyah with no body armor and only a concealed pistol in unarmored civilian vehicles, there's little to no threat up there.History does not long entrust the care of freedom to the weak or the timid. --Dwight D. Eisenhower Quote Share this post Link to post Share on other sites Prev 1 2 3 4 5 Next Page 5 of 5 Join the conversation You can post now and register later. If you have an account, sign in now to post with your account. Note: Your post will require moderator approval before it will be visible. Reply to this topic... × Pasted as rich text. Paste as plain text instead Only 75 emoji are allowed. × Your link has been automatically embedded. Display as a link instead × Your previous content has been restored. Clear editor × You cannot paste images directly. Upload or insert images from URL. Insert image from URL × Desktop Tablet Phone Submit Reply 0