Comments on: Stealth Stimulus http://www.foreclosuretruth.com/blog/sean/stealth-stimulus/ Fri, 12 Mar 2010 01:09:04 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: How it all ends http://www.foreclosuretruth.com/blog/sean/stealth-stimulus/#comment-2765 How it all ends Wed, 18 Nov 2009 02:08:07 +0000 http://www.foreclosuretruth.com/?p=1067#comment-2765 [...] the bank won’t foreclose right away.  This savings from not paying for housing could be flowing directly into consumption and through sales taxes into government coffers as well.  This is not sustainable and will be [...] [...] the bank won’t foreclose right away.  This savings from not paying for housing could be flowing directly into consumption and through sales taxes into government coffers as well.  This is not sustainable and will be [...]

]]> By: strainer3 http://www.foreclosuretruth.com/blog/sean/stealth-stimulus/#comment-2759 strainer3 Tue, 17 Nov 2009 15:39:20 +0000 http://www.foreclosuretruth.com/?p=1067#comment-2759 one of my favorite junior gold mining companies, <a href="http://www.goldalert.com/goldmining/sangold" rel="nofollow"> San Gold announced</a> record revenue and its first ever operating profit. The stock has done particularly well this year partially due to some excellent discoveries at Rice Lake in Canada, and because I am still long term bullish on the gold price, I think the stock has a lot more upside left in it.. one of my favorite junior gold mining companies, San Gold announced record revenue and its first ever operating profit. The stock has done particularly well this year partially due to some excellent discoveries at Rice Lake in Canada, and because I am still long term bullish on the gold price, I think the stock has a lot more upside left in it..

]]> By: Sean O'Toole http://www.foreclosuretruth.com/blog/sean/stealth-stimulus/#comment-2719 Sean O'Toole Fri, 13 Nov 2009 22:11:42 +0000 http://www.foreclosuretruth.com/?p=1067#comment-2719 Gerald, One important thing to keep in mind about the way they measure personal savings rate -- debt deleveraging is considered "savings". So as I understand it the much ballyhooed rise in personal savings actually has nothing to do with people putting money in bank accounts. Gerald, One important thing to keep in mind about the way they measure personal savings rate — debt deleveraging is considered “savings”. So as I understand it the much ballyhooed rise in personal savings actually has nothing to do with people putting money in bank accounts.

]]> By: Gerald Lawson http://www.foreclosuretruth.com/blog/sean/stealth-stimulus/#comment-2717 Gerald Lawson Fri, 13 Nov 2009 18:25:54 +0000 http://www.foreclosuretruth.com/?p=1067#comment-2717 Interesting..... I had a thought like this a while back but it was related to the rise in personal savings rates seen in the States. I don't know if the math adds up or not, but I figured some people stoppped paying their mortgage and have started saving for a rainy day. Interesting…..

I had a thought like this a while back but it was related to the rise in personal savings rates seen in the States. I don’t know if the math adds up or not, but I figured some people stoppped paying their mortgage and have started saving for a rainy day.

]]> By: Joe Orange http://www.foreclosuretruth.com/blog/sean/stealth-stimulus/#comment-2708 Joe Orange Fri, 13 Nov 2009 00:36:11 +0000 http://www.foreclosuretruth.com/?p=1067#comment-2708 Eventually we will have no choice but to let companies and people fail. Other countries will find an alternative to park there money forcing the US to raise interest rates to attract investors. America is far ahead of the game than China and India, however, they are closing the gap fast. More money will start flowing that way forcing the US to compete. Eventually we will have no choice but to let companies and people fail. Other countries will find an alternative to park there money forcing the US to raise interest rates to attract investors.

America is far ahead of the game than China and India, however, they are closing the gap fast. More money will start flowing that way forcing the US to compete.

]]> By: Sean O'Toole http://www.foreclosuretruth.com/blog/sean/stealth-stimulus/#comment-2706 Sean O'Toole Thu, 12 Nov 2009 23:45:15 +0000 http://www.foreclosuretruth.com/?p=1067#comment-2706 Great points Joe, but I see no signs that we are headed that direction anytime soon. Too big to fail, extend and pretend, and printing our way out seems to be the course du jour. How do we find the political will to let people (and companies) fail? Great points Joe, but I see no signs that we are headed that direction anytime soon. Too big to fail, extend and pretend, and printing our way out seems to be the course du jour.

How do we find the political will to let people (and companies) fail?

]]> By: Joe Orange http://www.foreclosuretruth.com/blog/sean/stealth-stimulus/#comment-2705 Joe Orange Thu, 12 Nov 2009 23:34:33 +0000 http://www.foreclosuretruth.com/?p=1067#comment-2705 There are cities, countries that following that same logic. And those cities and countries are poor. Take for example Detroit, there are plenty of abandon buildings, there are people who buys sneakers, alcohol, etc instead of paying for investments. A lot of African nations ask for there loans to be forgiven. They stay in perpetual poverty. Why you ask. Because, people, cities and countries that don't practice finance discipline end up poor. Banks will stop lending people who don't pay loans money. Moral hazard is the main reason why countries fail. The best way out of this housing crisis is to let people fail. Let banks fail. By letting failure happen, people will learn and not make the same mistake again. America has a lot of room to grow, I don't buy that we will be in a great depression. There are cities, countries that following that same logic. And those cities and countries are poor. Take for example Detroit, there are plenty of abandon buildings, there are people who buys sneakers, alcohol, etc instead of paying for investments. A lot of African nations ask for there loans to be forgiven. They stay in perpetual poverty.

Why you ask. Because, people, cities and countries that don’t practice finance discipline end up poor. Banks will stop lending people who don’t pay loans money. Moral hazard is the main reason why countries fail.

The best way out of this housing crisis is to let people fail. Let banks fail. By letting failure happen, people will learn and not make the same mistake again.

America has a lot of room to grow, I don’t buy that we will be in a great depression.

]]> By: Sean O'Toole http://www.foreclosuretruth.com/blog/sean/stealth-stimulus/#comment-2704 Sean O'Toole Thu, 12 Nov 2009 22:13:07 +0000 http://www.foreclosuretruth.com/?p=1067#comment-2704 Admire? What here says that? I'm not the judgmental type... I'll leave that to you. ;-) I'm simply pointing out a reality. One that I think has interesting implications depending on how you personally think things play out from here. For example if you believe (which I don't) that there will be a wave of foreclosures that forces people to start paying for housing again... how might that impact unemployment? Admire? What here says that? I’m not the judgmental type… I’ll leave that to you. ;-)

I’m simply pointing out a reality. One that I think has interesting implications depending on how you personally think things play out from here. For example if you believe (which I don’t) that there will be a wave of foreclosures that forces people to start paying for housing again… how might that impact unemployment?

]]> By: Andrew Gilbert http://www.foreclosuretruth.com/blog/sean/stealth-stimulus/#comment-2703 Andrew Gilbert Thu, 12 Nov 2009 21:48:34 +0000 http://www.foreclosuretruth.com/?p=1067#comment-2703 This is a joke, right? You actually admire the fact someone doesn't meet contractual obligations on a loan but instead buys stupid gadget crap (made in China) and goes out to eat crappy food at a chain restaurant? This is a joke, right? You actually admire the fact someone doesn’t meet contractual obligations on a loan but instead buys stupid gadget crap (made in China) and goes out to eat crappy food at a chain restaurant?

]]> By: Readings: Dollar, Dinosaurs, Deficits, etc. | Venture Capital Bloggers Network http://www.foreclosuretruth.com/blog/sean/stealth-stimulus/#comment-2701 Readings: Dollar, Dinosaurs, Deficits, etc. | Venture Capital Bloggers Network Thu, 12 Nov 2009 21:15:35 +0000 http://www.foreclosuretruth.com/?p=1067#comment-2701 [...] California’s stealth stimulus from delayed foreclosures (ForeclosureTruth) [...] [...] California’s stealth stimulus from delayed foreclosures (ForeclosureTruth) [...]

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