Thank you obama economy. (sarcasm to ensue)

[itfitzme]

Yea totally the government removing regulations on the banking sector is totaly anti-free market.
Its weird how idiots like you dont even know what the free market is

Thanks for proving you have no clue what a free market is.

Yes you thinking government regulation is a free market means I don't know what free market is.
come back when you've got a clue

Yeah, he's go something seriously wrong in his head when he says

Free market is in play for the housing market? Since when?
The government allowed for higher risk in the mortgage market.

He either has no language skills or is actually saying that the government regulating the mortgage market and not allowing people to make individual risk choices makes it a free market.

Maybe that's the thing. They have this "rules of the free market" thing going on. They don't actually understand what a free-market is. That makes sense. It really explains a lot. The reason they lost equity in the housing market isn't because they don't understand how the market works, it is because someone else didn't follow the rules of the free market.

"If you want freedom, you have to follow the rules." Now that makes sense.

 

[saveliberty]

Make it simple for yourself junior. Just tell us when the mortgage market was a free market in the US.

 

[TakeAStepBack]

School all done for the year, champ? Any summer courses for you? I recommend economics 101.

 

[itfitzme]

Then why was the 2008 real estate collapse predicted in the early 2000s because of the artificially low interest rates and credit expansion in correlation to govt. incentives to buy homes and commercial real estate?

How did those guys know it was coming if it was "normal, run of the mill demand"?

So basically, you've got nothing but a vague recollection of somebody claiming that some one else predicted the bubble in the early 2000s.

Here, I got a prediction, gold is an investment bubble caused by government deregulation of the price of gold and it will burst later.

We are at the very beginning of a productivity bubble. Over the next years, I predict a slow productivity increase followed by an accelerated pace and higher employment. This is the result of the Federal Reserve increasing bank reserves. This money driven productivity bubble will burst later, causing a recession.

 

[Annie]

Then why was the 2008 real estate collapse predicted in the early 2000s because of the artificially low interest rates and credit expansion in correlation to govt. incentives to buy homes and commercial real estate?

How did those guys know it was coming if it was "normal, run of the mill demand"?

Seems that many on the left have gotten some talking points about blaming the free markets. Problems though, not for government, not for individuals, all that easy to walk away from:

IBD: Government Policy Caused the Housing Market Crash | Wizbang

Rewind to 1994. That year, the federal government declared war on an enemy — the racist lender — who officials claimed was to blame for differences in homeownership rate, and launched what would prove the costliest social crusade in U.S. history.

At President Clinton’s direction, no fewer than 10 federal agencies issued a chilling ultimatum to banks and mortgage lenders to ease credit for lower-income minorities or face investigations for lending discrimination and suffer the related adverse publicity. They also were threatened with denial of access to the all-important secondary mortgage market and stiff fines, along with other penalties.​

The seed from which this mighty weed of regulation and market manipulation sprang was James Earl “Dhimmy” Carter’s CRA. The fertilizer was a study, which claimed to show there was rampant and overt racism in the approval of mortgage applications. This result was arrived at by very carefully NOT examining the past lending record (past delinquencies, etc.) of those rejected.

The result was “a 20-page ‘Policy Statement on Discrimination in Lending‘ and entered into the Federal Register on April 15, 1994, by the Interagency Task Force on Fair Lending.” This little known body was set up by Clinton to coordinate an unprecedented crackdown on alleged bank “redlining.”

The study did not take into account a host of other relevant data factoring into denials, including applicants’ net worth, debt burden and employment record. Other variables, such as the size of down payments and the amount of the loans sought to the value of the property being bought, also were left out of the analysis. It also failed to consider whether the borrower submitted information that could not be verified, the presence of a cosigner and even the loan amount.

When these missing data were factored in, it became clear that the rejection rates were based on legitimate business decisions, not racism.



With the thumb of government placed “benignly” on the scale of mortgage approvals, here’s what happened to that market:

How the FED skewed the Mortgage Market...

Cut off from 'secondary markets' would be the about to explode Fannie & Freddie. Ripe for corruption.

Government thumbprints are every bit all over the housing crisis as they are on the about to blow education bubble.

 

[TakeAStepBack]

Then why was the 2008 real estate collapse predicted in the early 2000s because of the artificially low interest rates and credit expansion in correlation to govt. incentives to buy homes and commercial real estate?

How did those guys know it was coming if it was "normal, run of the mill demand"?

So basically, you've got nothing but a vague recollection of somebody claiming that some one else predicted the bubble in the early 2000s.

Here, I got a prediction, gold is an investment bubble caused by government deregulation of the price of gold and it will burst later.

We are at the very beginning of a productivity bubble. Over the next years, I predict a slow productivity increase followed by an accelerated pace and higher employment. This is the result of the Federal Reserve increasing bank reserves. This money driven productivity bubble will burst later, causing a recession.

It's not a vague recollection. Several people predicted the housing crash accurately. But you might not recall still being in middle school in the early 2000s.

 

[saveliberty]

Then why was the 2008 real estate collapse predicted in the early 2000s because of the artificially low interest rates and credit expansion in correlation to govt. incentives to buy homes and commercial real estate?

How did those guys know it was coming if it was "normal, run of the mill demand"?

So basically, you've got nothing but a vague recollection of somebody claiming that some one else predicted the bubble in the early 2000s.

Here, I got a prediction, gold is an investment bubble caused by government deregulation of the price of gold and it will burst later.

We are at the very beginning of a productivity bubble. Over the next years, I predict a slow productivity increase followed by an accelerated pace and higher employment. This is the result of the Federal Reserve increasing bank reserves. This money driven productivity bubble will burst later, causing a recession.

Gold is typically driven by unstable governments and use in manufacturing, like in China. You honestly think gold prices can be controlled globally by the US?

Please link a productivity chart showing that we are at the beginning of a bubble.

 

[edthecynic]

Then why was the 2008 real estate collapse predicted in the early 2000s because of the artificially low interest rates and credit expansion in correlation to govt. incentives to buy homes and commercial real estate?

How did those guys know it was coming if it was "normal, run of the mill demand"?

Seems that many on the left have gotten some talking points about blaming the free markets. Problems though, not for government, not for individuals, all that easy to walk away from:

IBD: Government Policy Caused the Housing Market Crash | Wizbang

Rewind to 1994. That year, the federal government declared war on an enemy — the racist lender — who officials claimed was to blame for differences in homeownership rate, and launched what would prove the costliest social crusade in U.S. history.

At President Clinton’s direction, no fewer than 10 federal agencies issued a chilling ultimatum to banks and mortgage lenders to ease credit for lower-income minorities or face investigations for lending discrimination and suffer the related adverse publicity. They also were threatened with denial of access to the all-important secondary mortgage market and stiff fines, along with other penalties.​

The seed from which this mighty weed of regulation and market manipulation sprang was James Earl “Dhimmy” Carter’s CRA. The fertilizer was a study, which claimed to show there was rampant and overt racism in the approval of mortgage applications. This result was arrived at by very carefully NOT examining the past lending record (past delinquencies, etc.) of those rejected.

The result was “a 20-page ‘Policy Statement on Discrimination in Lending‘ and entered into the Federal Register on April 15, 1994, by the Interagency Task Force on Fair Lending.” This little known body was set up by Clinton to coordinate an unprecedented crackdown on alleged bank “redlining.”

The study did not take into account a host of other relevant data factoring into denials, including applicants’ net worth, debt burden and employment record. Other variables, such as the size of down payments and the amount of the loans sought to the value of the property being bought, also were left out of the analysis. It also failed to consider whether the borrower submitted information that could not be verified, the presence of a cosigner and even the loan amount.

When these missing data were factored in, it became clear that the rejection rates were based on legitimate business decisions, not racism.



With the thumb of government placed “benignly” on the scale of mortgage approvals, here’s what happened to that market:

How the FED skewed the Mortgage Market...

Cut off from 'secondary markets' would be the about to explode Fannie & Freddie. Ripe for corruption.

Government thumbprints are every bit all over the housing crisis as they are on the about to blow education bubble.

The Right-Wing extremist IBD never tells the truth about anything.

The CRA was about RED LINING which prevented QUALIFIED minorities from getting loans when buying a home in WHITE neighborhoods. Before the CRA a minority would have to pay cash for a home in a white neighborhood, which is why all racists blame everything housing related on the CRA!!!

 

[Annie]

Then why was the 2008 real estate collapse predicted in the early 2000s because of the artificially low interest rates and credit expansion in correlation to govt. incentives to buy homes and commercial real estate?

How did those guys know it was coming if it was "normal, run of the mill demand"?

Seems that many on the left have gotten some talking points about blaming the free markets. Problems though, not for government, not for individuals, all that easy to walk away from:

IBD: Government Policy Caused the Housing Market Crash | Wizbang

Rewind to 1994. That year, the federal government declared war on an enemy — the racist lender — who officials claimed was to blame for differences in homeownership rate, and launched what would prove the costliest social crusade in U.S. history.

At President Clinton’s direction, no fewer than 10 federal agencies issued a chilling ultimatum to banks and mortgage lenders to ease credit for lower-income minorities or face investigations for lending discrimination and suffer the related adverse publicity. They also were threatened with denial of access to the all-important secondary mortgage market and stiff fines, along with other penalties.​

The seed from which this mighty weed of regulation and market manipulation sprang was James Earl “Dhimmy” Carter’s CRA. The fertilizer was a study, which claimed to show there was rampant and overt racism in the approval of mortgage applications. This result was arrived at by very carefully NOT examining the past lending record (past delinquencies, etc.) of those rejected.

The result was “a 20-page ‘Policy Statement on Discrimination in Lending‘ and entered into the Federal Register on April 15, 1994, by the Interagency Task Force on Fair Lending.” This little known body was set up by Clinton to coordinate an unprecedented crackdown on alleged bank “redlining.”

The study did not take into account a host of other relevant data factoring into denials, including applicants’ net worth, debt burden and employment record. Other variables, such as the size of down payments and the amount of the loans sought to the value of the property being bought, also were left out of the analysis. It also failed to consider whether the borrower submitted information that could not be verified, the presence of a cosigner and even the loan amount.

When these missing data were factored in, it became clear that the rejection rates were based on legitimate business decisions, not racism.



With the thumb of government placed “benignly” on the scale of mortgage approvals, here’s what happened to that market:

How the FED skewed the Mortgage Market...

Cut off from 'secondary markets' would be the about to explode Fannie & Freddie. Ripe for corruption.

Government thumbprints are every bit all over the housing crisis as they are on the about to blow education bubble.

The Right-Wing extremist IBD never tells the truth about anything.

The CRA was about RED LINING which prevented QUALIFIED minorities from getting loans when buying a home in WHITE neighborhoods. Before the CRA a minority would have to pay cash for a home in a white neighborhood, which is why all racists blame everything housing related on the CRA!!!

Attack the source, not that facts. LOL! You all wonder why you keep losing?

 

[TakeAStepBack]

Want me to help you learn something new? Here you go:

[ame=http://www.youtube.com/watch?v=kFd8YluIVG4]Ron Paul Predicts Housing Bubble/ $2000k Gold In 2001! - YouTube[/ame]

15 minutes of learning from 2001.

That's the mainstream voice of Austrian scholars. The only group that manages to get it right every time. Peter Schiff also predicted the pop of the bubble in the early/mid 2000s. It's easy when you understand money, credit, inflation and central banking policies of the federal reserve.

 

[TakeAStepBack]

Then why was the 2008 real estate collapse predicted in the early 2000s because of the artificially low interest rates and credit expansion in correlation to govt. incentives to buy homes and commercial real estate?

How did those guys know it was coming if it was "normal, run of the mill demand"?

So basically, you've got nothing but a vague recollection of somebody claiming that some one else predicted the bubble in the early 2000s.

Here, I got a prediction, gold is an investment bubble caused by government deregulation of the price of gold and it will burst later.

We are at the very beginning of a productivity bubble. Over the next years, I predict a slow productivity increase followed by an accelerated pace and higher employment. This is the result of the Federal Reserve increasing bank reserves. This money driven productivity bubble will burst later, causing a recession.

Gold is typically driven by unstable governments and use in manufacturing, like in China. You honestly think gold prices can be controlled globally by the US?

Please link a productivity chart showing that we are at the beginning of a bubble.

Gold reacts in correlation with currencies. Which is why gold stocks weent down when the fed announced QE3 wouldn't happen. This strengthened confidence and meant monetary inflation would be curtailed for the time being.

 

[itfitzme]

Then why was the 2008 real estate collapse predicted in the early 2000s because of the artificially low interest rates and credit expansion in correlation to govt. incentives to buy homes and commercial real estate?

How did those guys know it was coming if it was "normal, run of the mill demand"?

So basically, you've got nothing but a vague recollection of somebody claiming that some one else predicted the bubble in the early 2000s.

Here, I got a prediction, gold is an investment bubble caused by government deregulation of the price of gold and it will burst later.

We are at the very beginning of a productivity bubble. Over the next years, I predict a slow productivity increase followed by an accelerated pace and higher employment. This is the result of the Federal Reserve increasing bank reserves. This money driven productivity bubble will burst later, causing a recession.

It's not a vague recollection. Several people predicted the housing crash accurately. But you might not recall still being in middle school in the early 2000s.

I see, you have a vague recollection of several people.

And your claim to authority is having received your GED by the early 2000s

 

[TakeAStepBack]

Post #50 offers you the video of one. There are more, but if you can't follow along, junior, I certainly wont waste my time.

 

[itfitzme]

Post #50 offers you the video of one. There are more, but if you can't follow along, junior, I certainly wont waste my time.

So it is true. You have no demonstrated information, are an uneducated ignorant putz that didn't graduate highschool and can't read. But you figure if you pretend enough, maybe it will come true.

 

[edthecynic]

Seems that many on the left have gotten some talking points about blaming the free markets. Problems though, not for government, not for individuals, all that easy to walk away from:

IBD: Government Policy Caused the Housing Market Crash | Wizbang



Cut off from 'secondary markets' would be the about to explode Fannie & Freddie. Ripe for corruption.

Government thumbprints are every bit all over the housing crisis as they are on the about to blow education bubble.

The Right-Wing extremist IBD never tells the truth about anything.

The CRA was about RED LINING which prevented QUALIFIED minorities from getting loans when buying a home in WHITE neighborhoods. Before the CRA a minority would have to pay cash for a home in a white neighborhood, which is why all racists blame everything housing related on the CRA!!!

Attack the source, not that facts. LOL! You all wonder why you keep losing?

And you CON$ never attack "the Liberal Media"

And I did attack the facts, that the CRA addressed REDLINING, involved QUALIFIED minorities and had nothing to do with Bush's housing crash, but you couldn't rebut that so you chose to divert by defending IBD, which has no credibility to begin with and this is yet another example of that lack.

 

[itfitzme]

Post #50 offers you the video of one. There are more, but if you can't follow along, junior, I certainly wont waste my time.

So far, what I can find is that Ron Paul "predicted" that the housing prices would run up due to GSEs and that bubble would burst "later". Of course, he didn't say by how much or when.

And, in the final research and analysis, the bubble was run up and burst on investors, flippers, with non-prime loans that had nothing to do with the GSEs.

So, that wouldn't be much of a prediction on Ron Paul's part.

Did he also predict that gold prices would run up because of GSE's too? Or did gold run up all by itself? How about the stock market? Does that require a government sponsered enterprise to bubble and burst regularaly? How about the dot com bubble and bust? GSE?

You are not very impressive. If anything, your wasting your own time.

 

[TakeAStepBack]

Don't be butthurt because you don't know how economics in the real world work.

We were not discussing the NASDAQ, or dotcom bubble burst, or gold prices. You apparently didn't watch more than three or four seconds if you only pulled GSE info from the clip. The stick market derivatives ordeal was simply a conduit to funnel toxic securities through. It was not the main cause, and it was also not part of the original equation for malinvestment.

Anyways, you're wrong about how the bubble was built and how it burst. But at least now you know.

 

[Annie]

The Right-Wing extremist IBD never tells the truth about anything.

The CRA was about RED LINING which prevented QUALIFIED minorities from getting loans when buying a home in WHITE neighborhoods. Before the CRA a minority would have to pay cash for a home in a white neighborhood, which is why all racists blame everything housing related on the CRA!!!

Attack the source, not that facts. LOL! You all wonder why you keep losing?

And you CON$ never attack "the Liberal Media"

And I did attack the facts, that the CRA addressed REDLINING, involved QUALIFIED minorities and had nothing to do with Bush's housing crash, but you couldn't rebut that so you chose to divert by defending IBD, which has no credibility to begin with and this is yet another example of that lack.

I'm not a 'conz' though I will say, no, I'm not going after left media.

There was no claim about CRA not being about 'red-lining', quite the contrary and the obvious attempt to segue differently makes you the loser of today.

 

[startitan]

I'm STILL waiting for my bailout package!!
MNaybe if I was a BIG BANK or MEGA-CORPORATION I could get one.

S

 

[itfitzme]

Then why was the 2008 real estate collapse predicted in the early 2000s because of the artificially low interest rates and credit expansion in correlation to govt. incentives to buy homes and commercial real estate?

How did those guys know it was coming if it was "normal, run of the mill demand"?

So basically, you've got nothing but a vague recollection of somebody claiming that some one else predicted the bubble in the early 2000s.

Here, I got a prediction, gold is an investment bubble caused by government deregulation of the price of gold and it will burst later.

We are at the very beginning of a productivity bubble. Over the next years, I predict a slow productivity increase followed by an accelerated pace and higher employment. This is the result of the Federal Reserve increasing bank reserves. This money driven productivity bubble will burst later, causing a recession.

Gold is typically driven by unstable governments and use in manufacturing, like in China. You honestly think gold prices can be controlled globally by the US?

Please link a productivity chart showing that we are at the beginning of a bubble.

I can show you that the price of gold has been historically regulated. It is now in a bubble and the bubble will burst.

Re, productivity, just look at the unemployment rate. Economic productivity is low due to low labor utilization. I predict that it will become lower, reaching as low as 3 to 5%. It will remain stable at 3-5% for a period of time before the bubble bursts and the GDP experiences two consecutive periods of negative growth. This will happen some time in the future.

These are my predictions. Keep em in mind because they will happen.

Oh, here is a couple of other predictions.

Employment will fall in the November through December months before rising again towards April and may.

Gasoline prices will also fall towards the winter months, again rising around Labor Day.

Oh, and they will reach record levels in the next three years.

These are not hard predictions.