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View Diary: Housing Bubble 2.0: This time it really is different (200 comments)

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  •  when? next year? (7+ / 0-)

    2015? 2016?
    2020?

    -You want to change the system, run for office.

    by Deep Texan on Tue Dec 03, 2013 at 12:13:24 PM PST

    [ Parent ]

    •  Right after the (4+ / 0-)
      Recommended by:
      Deep Texan, Dr Swig Mcjigger, FG, shrike

      "commercial real estate Tsunami" and the "mortgage reset Tsunami"...or the Hindenberg Black Swan thingie....

      Obama 2012 http://whatthefuckhasobamadonesofar.com/

      by jiffypop on Tue Dec 03, 2013 at 01:39:33 PM PST

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      •  it's stupid really (2+ / 0-)
        Recommended by:
        jiffypop, shrike

        one look at the chart should quell any bubble fears.

        take for example the Canadian chart. articles are claiming they are in a bubble when it's actually a decent ramp up, not spikes etc. their market isn't insane. they have taken on more debt but i doubt they will be the same position.

        our household debt is going down and savings going up. the market, the total freaking market, crashed and then flat-lined. we installed a temporary floor and successfully built upon it for years now.

        i see no reason to think we will have another crash in the next 4 years. there might be a correction or two. however, nothing like we saw before.

        -You want to change the system, run for office.

        by Deep Texan on Tue Dec 03, 2013 at 02:00:08 PM PST

        [ Parent ]

        •  you (5+ / 0-)

          are clueless. Every credible commenter acknowledges that Canada has a bubble.

        •  You would think that (1+ / 0-)
          Recommended by:
          Deep Texan

          people would be a more cautious after the diarist's claims never panned out the last time. I feel sorry for anyone who took his and bs's financial advice for the past five years.

          The only thing that I am in agreement with the doomers is the need for more regulatory over site of the markets and a return to laws similar to Glass-Steagall.

          I predict there will be a correction and that the smell of burnt hair will be quite pungent .

          Obama 2012 http://whatthefuckhasobamadonesofar.com/

          by jiffypop on Tue Dec 03, 2013 at 03:31:03 PM PST

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        •  76% of families live paycheck to... (7+ / 0-)

          paycheck, and our savings rate is going up? Sure it is, if you magically distort the meaning of "savings" and "up." And even those with "savings" don't earn any equitable interest on them. This isn't "saving," it's "surviving."

          Didn't like the CNN link? How about one from Think Progress?

          And yeah, the links are from June / July, but get real. There's little chance it isn't worse now. All the numbers produced by our government at present are hopelessly manipulated, just like the "unemployment" numbers are. And you're running around witlessly challenging well sourced, thoughtful diaries with substantive information asking for a specific year when a crash will occur. Why would the diarist even be here if he/she knew the answer to that? Why don't you spend some of that energy requiring the same level of accountability from the "experts" in the Obama administration, Fed etc? Easy - because you're just out here cheerleading for a fantasy you were sold.

          Slap happy is a platform.

          by averageyoungman on Tue Dec 03, 2013 at 10:01:22 PM PST

          [ Parent ]

      •  and the revolution talk is naive (3+ / 0-)
        Recommended by:
        Dr Swig Mcjigger, shrike, coquiero

        don't see it happening now.  

        if more people had nothing to lose then yeah, that would be a fear.

        but reality is most people have jobs. most people have some sort of stable life even if lower class.

        revolutions come about when there is NO food.

        -You want to change the system, run for office.

        by Deep Texan on Tue Dec 03, 2013 at 02:01:44 PM PST

        [ Parent ]

        •  No, revolutions come about when things (2+ / 0-)
          Recommended by:
          greenbastard, Cassiodorus

          get bad fast and when people have hope that risking it all can reverse that trend.

          Societies in which people have no food and famine is an ordinary part of life can be surprisingly stable.

          But when the nobles try to rip up large chunks of the social contract all at once, Watts hammer falls.

          "I read New republic and Nation/I've learned to take every view.." P. Ochs

          by JesseCW on Wed Dec 04, 2013 at 12:25:30 AM PST

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        •  I'm a revolutionary (0+ / 0-)

          and I know there won't be a revolution.  We're better than 50% of the way tio an authoritarian Corporate State with the active, eager participation of the leading politicians of both our major parties.  The general public, the working classes, are utterly devoid of the slightest sense of social solidarity, class consciousness and enduring community.  In fact vast numbers of loyal working-class followers of both parties parrot the hegemonic line of the absolute superiority  of "markets", to their own utter undoing, theirs and ours.  

          BTW, your sig line is a sick joke, running for office doesn't do diddly squat to change the system, it reiterates and reinforces the system.  Changing the system begins with grassroots self-organization and self-education, free of the mind policing of those dedicated to perpetuating the power of capital  to bind us all, mentally and morally.

          “Washing one's hands of the conflict between the powerful and the powerless means to side with the powerful, not to be neutral. ” ― Paulo Freire

          by ActivistGuy on Wed Dec 04, 2013 at 01:14:34 AM PST

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    •  2015 to 2017. (1+ / 0-)
      Recommended by:
      TracieLynn

      Welcome to post Reagan America.

      81 90 2001 2008

      "I read New republic and Nation/I've learned to take every view.." P. Ochs

      by JesseCW on Wed Dec 04, 2013 at 12:21:58 AM PST

      [ Parent ]

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