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View Diary: Defenestration Spending Cuts Have Cooked America's Goose (46 comments)

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  •  the majority of Kossaks are (4+ / 0-)

    "fortunate ones".  But at least some of them listen when the less fortunate speak up about it.

    don't always believe what you think

    by claude on Mon Feb 25, 2013 at 06:30:45 PM PST

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    •  I don't think a double-dip recession (8+ / 0-)

      ...will spare many, Claude.

      On the other hand, I never believed for a moment that the Sequestered Cuts will happen. Certainly not the defense cuts.

      The way the kabuki (and the elections) have been staged over the past couple of years -- everything comes down to a breathtaking, white-knuckle finish, with everyone on the edge of their seats. The rescue scene at the end is almost a footnote.

      In the end, I have always longed for a floor under real estate, which could have avoided the entire financial crisis. It's the only hope for the middle class -- but the mortgage rescue attempts during the Obama administration have always been totally and completely bogus.

      Let us pray that real estate falls no further. Perhaps inflation will be our friend.



      Denial is a drug.

      by Pluto on Mon Feb 25, 2013 at 06:44:25 PM PST

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      •  I've just been reading The Big Short. (6+ / 0-)
        Recommended by:
        Pluto, Avila, claude, joanneleon, jayden, Creosote

        (I know, a little late.) What a catastrophe, not only of markets but especially of principles and ethics. I haven't seen anything appropriately scaled or grounded to repair the damage either. It's not a good thing when prayer is our major recourse.

        Some DKos series & groups worth your while: Black Kos, Native American Netroots, KosAbility, Monday Night Cancer Club. If you'd like to join the Motor City Kossacks, send me a Kosmail.

        by peregrine kate on Mon Feb 25, 2013 at 07:05:24 PM PST

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      •  P., is all that "shadow inventory" of (6+ / 0-)

        unsold or not-yet-foreclosed-upon RE still lurking in the background?  I would imagine RE pricing is entirely contrived at this point and not actually reflecting the true condition that would exist if all that shadow inventory were on the market.

        And what ever happened in the commercial RE market  with all those notes coming due for refi?  I seem to remember that being described as a ticking bomb.

        don't always believe what you think

        by claude on Mon Feb 25, 2013 at 07:33:06 PM PST

        [ Parent ]

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