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| User Info | Crisis In Housing - The Choices Facing America in forum [Presentations] | |||
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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-04-07 08:26:42
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4155 Posts: 1597 Incept: 2007-07-19 
USA
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Graphs are great add. Getting better each time.
2008-04-07 08:55:59
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Rigger Posts: 45 Incept: 2008-04-07 United Kingdom
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nice piece.I think the CB are indeed coming up to a time for the crucial decision on which they'll go.I only hope they take the short sharp shock route.It'll be better in the long run all round.
---------- Oh Dear!
2008-04-07 09:32:09
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Duval_crawl Posts: 219 Incept: 2007-10-31
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Very sobering and very right. Thanks. Living in a 'suply side' state, I see more of the same, much more. I just wonder when do the retailers, and the restaurants, get their 'free' lunch too? As this government sadly thinks excessive supply cures all ills, everytime. They live in fantasy. Time for some of those tlt puts on the leap side. Already emailed my Senators. Next up congress.
2008-04-07 09:53:11
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Stevematulis Posts: 1403 Incept: 2008-01-08 
Republic of Texas
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KD, a question: on the Interest Cost Distortion 80s-00s page, you say that we outsourced production of overpriced jeans, Victorias Secrets bras, $30 DVD player, etc. True. Reality of situation is someone perhaps in Vietnam making $0.15 per hour to manufacture. Products come over here, we buy it, "and the money goes back over there to those foreign lands". Is this very last part true if it's a US company that has just outsourced production? Obviously some money goes over there to pay $0.15/hr per worker, but aren't profits realized here in the US?
2008-04-07 10:45:31
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Quads4444 Posts: 1282 Incept: 2007-11-09
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Very compelling, KD. Every politician needs to watch this. You missed your calling. You should have been a teacher. I particularly like the segment on how foreign purchases of our debt have distorted interest rates for the last 20 years. I knew these abnormally low interest rates didn't make sense. But I didn't know why. In the same way that, I didn't understand how home prices year after year consistently rose more that CPI and Incomes. It was totally illogical to me. If we didn't have kids I would have sold in 2000-2002. But now I understand. Lending standards became all but non-existent. And buyers were approved on the basis of low teaser rates.
2008-04-07 10:46:14
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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The money necessary to build and expand that factory goes over there. Some of it stays here of course which pumps our market's earnings to unsustainable levels, but the portion that goes overseas creates a tremendous inflation problem for the "host" economy. This is why China has been buying our Ts - in an attempt to remove that money from the economy so the inflationary impact is neutered. That flow of funds to them, and thus the inflationary impact requiring those purchases, depends on continuing offshoring - not production but expansion of the offshoring, because the big impact is when the factories are built and productive capacity is expanded over there. As you noted the guy who makes 15 cents/hour isn't where the impact comes from. This is why it won't and can't continue - we've sent basically ALL of our offshorable capacity over there already, and as a consequence that flow and distortion is now over. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-04-07 10:48:46
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Opusfluke Posts: 764 Incept: 2007-07-03
Berkeley, CA
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Great prez. Technical q: when you "Diggit" you are automatically forwarded away from this page, and to the DIGG digs. That's annoying if you Digg It before you have watched the whole thing already. Say you just get excited and jumped the gun. It happens. Can the dig open another window/tab? ---------- The Church is near, but the way is icy. The tavern is far, but I will walk carefully.
2008-04-07 10:55:27
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Unfortunately no, as the "digg" button calls a Javascript file that I do not have control over - its a source file on the Digg web site.
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-04-07 10:57:41
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Stevematulis Posts: 1403 Incept: 2008-01-08
Republic of Texas
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thanks for explaining, KD. Speaking of Digg: We need to get EVERYONE to Digg this fast and spread it around! We pushed the petition to Digg and were successful in getting it onto the frontpage of Digg... however, since that time, the Diggs on all the rest of our stuff has plummetted and we've been getting lost in the noise.
2008-04-07 11:03:50
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Patentleathershoes Posts: 7642 Incept: 2007-09-13
Looking forward to PB&J time!
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 This will help a lot. Very clear and concise.
2008-04-07 11:04:27
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Leraconteur Posts: 7189 Incept: 2007-12-03
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Anywhere to download the ppt presentation?
2008-04-07 11:32:07
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Av8rphil Posts: 1817 Incept: 2007-06-26
Platte City, MO
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I know you said that the lower, middle and upper classes will be hit by this. I agree. However, instead of the lower class just buying 1 less 6-pack per week, I think they will be the hardest hit. Interest rates go up causing a slowdown in business, less revenues for the Feds so more borrowing by the US which drives up rates even more. Fuel costs go up at time when salaries are decreasing or are becoming non-existent. Even if the social programs stay the same the $$ will not go as far and food, shelter, and fuel may be unavailable for a large percentage of these people. (I doubt Medicaid, state programs, will stay the same as the states will be hurting by costs going up and revenues decreasing.) Looks like classic death spiral to me. Maybe we can at least pick out the spot where we crash. ---------- "Two things in life are infinite: the universe and human stupidity; and i'm not sure about the universe" -Einstein
2008-04-07 11:49:51
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Hapablap21 Posts: 688 Incept: 2007-08-21
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is anyone else finding this video incredibly slow to download?
2008-04-07 11:55:55
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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The WMV file is at http://tickervideo.org/videos/housing-in....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-04-07 12:12:26
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Omm Posts: 1623 Incept: 2007-08-29 NC
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This is the best video you've ever done. I posted it at two other widely read forums with the following, and emailed my address book. ====== I'm posting one of Karl Denninger's most recent videos - 25 minutes. This is as good as anything you've ever heard or seen. Using nothing but numbers, charts, and graphs, he tells you where we've been, where we are, where we're going, and how we're going to get there. It does not get plainer than this. http://www.tickerforum.org/cgi-ticker/ak.... Now use the links and phone numbers up top. =============== ---------- "Don't whine because the Chinese won't play fair. They're communists." Xennady Jan 21, 2010.
2008-04-07 14:39:03
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Themortgagedude Posts: 3930 Incept: 2007-12-17
saint louis
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Gen, Any problem with me forwarding this to my database? It includes several top producing realtors. I don't want to forward without your prior written consent. ---------- "These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!"
2008-04-07 15:28:38
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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****, its here to be forwarded dude!  Just forward the link to the post here so people get both the video AND the background data and discussion. This forum and posts in it are accessible without being signed in. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-04-07 15:36:18
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Themortgagedude Posts: 3930 Incept: 2007-12-17
saint louis
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Maybe I'll send some links to Mr Mortgages stuff too. That ought to wake up a few in the RE community.
---------- "These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!"
2008-04-07 15:55:52
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Bradmwalker Posts: 228 Incept: 2008-01-20
Idaho
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Great explanation on the dollar->treasury recycling. I didn't understand it until watching this.
2008-04-07 19:50:43
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Financeguy Posts: 4946 Incept: 2007-08-10
Charlotte
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KD You have provided much insight over the last several months to me and many on this board. The content and presentation on this topic is simply your best work. I will be proud to forward this to my contacts that have been getting repeated updates on this topic. I think that the more serious but relaxed tone also helps get the message across more effectively. Thanks for all that you are trying to do on this topic...... ---------- "Granted, if you are not into Barbara Streisand and creme brulee, South Beach could be a tad lonely." Eleua
2008-04-07 19:56:09
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Luvs_footie Posts: 1839 Incept: 2007-11-26 Australia
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KD, another great presentation. You're the man. ---------- Much of what we labeled Tin just two years ago is now known to have been truth. While today, what most think to be truth is Pure F**king Tin. The times....they are a changing
2008-04-07 20:20:03
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Fidgit Posts: 14065 Incept: 2008-02-18
AllyBammy
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Really, really good. I'm going to download this and chew on it when I'm not totally comatized from the workday.
---------- I say it's spinach, and I say the hell with it.
2008-04-07 23:35:58
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Slartibartfast Posts: 2454 Incept: 2007-12-04
San Francisco
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Quote:This forum and posts in it are accessible without being signed in. WHAT???!!?!?!?! [smile] ---------- Cthulhu R'yleh Goldman Sachs Last modified:
2008-04-07 23:39:17 by slartibartfast
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Huh? Most of Tickerforum is available for reading without being signed on. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-04-07 23:38:51
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