<![CDATA[Grist - Comment Feed for Why small may be more beautiful than ever]]> Grist Comment Feed en Comment #1 by Aklemm http://www.grist.org/article/its-the-stupid-economy/ Fri, 14 Sep 2007 06:33:23 -0700 http://www.grist.org/article/its-the-stupid-economy/1 Great topic

I just wanted to chime in, grist is FINALLY tickling around the edges of the housing bubble (my pet issue).

Inflation in the things you need and deflation in the things you want, sums up recent inflation choices.

However, a couple of quibbles.  

The mortgage debacle isn't limited to sub-prime paper.  It includes all grades of mortgages and probably most notably Alt-A (neg am, stated income, stated asset, NINJA and option ARMs).

The question boils down to is Bernanke in the mold of Volcker or Greenspan.

My hope is he is a Volcker clone.

However, before gristies go shedding tears for the foreclosed upon, remember the vast majority got no down payment mortgages and really aren't losing anything (other than FICO score) by going into foreclosure.

As a matter of fact, most of them, when they go back to renting will have more money for
essentials since they have shed the wildly over-priced and depreciating asset that they were stealthfully speculating on.


]]> Great topic

I just wanted to chime in, grist is FINALLY tickling around the edges of the housing bubble (my pet issue).

Inflation in the things you need and deflation in the things you want, sums up recent inflation choices.

However, a couple of quibbles.  

The mortgage debacle isn't limited to sub-prime paper.  It includes all grades of mortgages and probably most notably Alt-A (neg am, stated income, stated asset, NINJA and option ARMs).

The question boils down to is Bernanke in the mold of Volcker or Greenspan.

My hope is he is a Volcker clone.

However, before gristies go shedding tears for the foreclosed upon, remember the vast majority got no down payment mortgages and really aren't losing anything (other than FICO score) by going into foreclosure.

As a matter of fact, most of them, when they go back to renting will have more money for
essentials since they have shed the wildly over-priced and depreciating asset that they were stealthfully speculating on.


]]> Comment #2 by Delay And Deny http://www.grist.org/article/its-the-stupid-economy/ Fri, 14 Sep 2007 07:27:09 -0700 http://www.grist.org/article/its-the-stupid-economy/2 Running Joke


Very funny article.

My friend and I have a running joke about what we consider the world's largest over-extended metaphor, the car to economy model.

Ever since the 80s we have been told about the economy "overheating".   This could bring about "inflation" and so the economy has to be "slowed down" so the economic "engine" will not overheat.

It goes on and on...but the bottom line is for some people, and in fact, I would argue most, inflation is a net positive thing in their life.

The single biggest factor that has created the permanent overclass in this country are the policies of Alan Greenspan in holding back free flowing capital and keeping interest rates high -- thus favoring the status quo well above the up and comers.

John Bailo
Sutext:



]]> Running Joke


Very funny article.

My friend and I have a running joke about what we consider the world's largest over-extended metaphor, the car to economy model.

Ever since the 80s we have been told about the economy "overheating".   This could bring about "inflation" and so the economy has to be "slowed down" so the economic "engine" will not overheat.

It goes on and on...but the bottom line is for some people, and in fact, I would argue most, inflation is a net positive thing in their life.

The single biggest factor that has created the permanent overclass in this country are the policies of Alan Greenspan in holding back free flowing capital and keeping interest rates high -- thus favoring the status quo well above the up and comers.

John Bailo
Sutext:



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