PocketMatrix

It's a good thing the neocons are for small government.

Who'd have thought that indefinitely funding ballooning expenses with increasing debt was a bad idea? Everyone? Oh yeah. Well, of course, apart from those of us banking on a rapture. I.e., the fuck wits in charge of this country. And the fuckier-fuck wits that voted for them.

This Christian Republicanism reminds me of that saying: "Imagine how stupid the average person is, now realize half the world is more stupid than that". Except, with them it's more like: "Imagine how stupid the president is, now realize half of the American voter base is more stupid than that!"

So fucked.

This debt is starting to get people worried. The short and long-term t-bill yield curves have already inverted this year (which is basically the market predicting a recession).

Then there is the housing market bubble. Home-building has by-and-large been the economic stimulus that pulled us out of the last recession. It's leveling off. But now there's a ton of people sitting on homes they can barely afford. What's going to happen when the rates on those adjustable mortgage rates go up and/or the economy heads south (even a little bit)? Market supply of houses goes up => prices of houses goes down => people's house mortgages worth substantially more than their house's value => massive loan defaults.

Remind anyone of pre-crash/crashing Japan?

I was looking at a time horizon of about a quarter century.

I figured it was assumed that the national real estate market will flatten out and perhaps experience the first drops in nominal prices in decades. Lower prices for homes means less new construction--construction which has helped our economy over the past few years. It's very evident that the advantage is moving from the seller to the buyer. It's already the case in the $1 million+ market, and this will only start to trickle down over the coming months.

I'm worn out.

More coffee, please.

Basically, I agree with you. I've recently taken up investing in the stock market, and for a while I've been looking for a good growth stock in which to put my money. I've since abandoned that search and am now looking only for value. I'm pretty much convinced we're gonna come on some leaner times, though I don't see a recession coming within the year.

I've bought some Microsoft and some Seagate, and I'm thinking of getting some Kohl's.

Check out Banc of America, too.