I drink your milkshake! a metaphor for capitalism

[rickyb]

We are not retreating because of any bubble. A bubble means fundamentals are not supporting the price. A declining price does not constitute a bubble. Please explain the bubble you are referring to.

i was thinking what you said about housing being a lifestyle not an investment, well if you buy high its gonna have a squeeze on your lifestyle.

 

[1989]

i was thinking what you said about housing being a lifestyle not an investment, well if you buy high its gonna have a squeeze on your lifestyle.

What is high today will be ridiculously low in 10+ years. I bought high 4 years ago. It would be a ridiculously low price today. I should have bought 2, but I have to live within my means.

 

[rickyb]

What is high today will be ridiculously low in 10+ years. I bought high 4 years ago. It would be a ridiculously low price today. I should have bought 2, but I have to live within my means.

some places in america havent recovered from the 2008 bubble

 

[1989]

some places in america havent recovered from the 2008 bubble

Where? I do not think Vegas will retest the 2009-11 lows.

 

[rickyb]

Where? I do not think Vegas will retest the 2009-11 lows.

i saw a bunch of places in america that didnt recover and this was current to the last year.

 

[1989]

i saw a bunch of places in america that didnt recover and this was current to the last year.

Again, where? You need to know where in order to dig deeper and find out why. How much do you or would you pay for rent?

 

[rickyb]

Again, where? You need to know where in order to dig deeper and find out why. How much do you or would you pay for rent?

i pay $600 and the most i would pay is 1100 or so. i dont know man u gotta look it up. i was gonna buy property this year, im glad i didnt.

 

[1989]

i pay $600 and the most i would pay is 1100 or so. i dont know man u gotta look it up. i was gonna buy property this year, im glad i didnt.

Need more data. What can you get for $1100 in rent? You need to compare like models.

 

[rickyb]

Need more data. What can you get for $1100 in rent? You need to compare like models.

that's probably a studio at least 30 minutes from the downtown in an average or slightly below average neighbourhood

 

[rickyb]

turns out America doesn't like free markets in times like these:

Coronavirus: After shipment seized from Canada, FBI redistributing nearly 1M masks and gloves

 

[rickyb]

globalization has made us very dependent and weak:

 

[rickyb]

if we followed a market response right now then things would be very ugly. capitalism depression. its already not working even with govt response.

 

[rickyb]

 

[rickyb]

we needed a debt write off before virus:

 

[rickyb]

 

[rickyb]

poor people always get it worse:

On the front lines of air pollution

 

[rickyb]

in rome the oligarchs who ran the economy impoverished it to the point that they ended up with the dark ages. same will be true for many western countries. america spent 10 trillion on bailouts, 8 trillion for big corporations. renegade inc figures for every $1200 in individual welfare, they spent $18000 in corporate welfare. alot of small business will go bankrupt. there will be more homeless. middle class biz will sell out to wall st. and they will impose austerity to justify for all the money they spent now on corporate welfare. so you will look like greece did recently with 25% unemployment.

 

[1989]

in rome the oligarchs who ran the economy impoverished it to the point that they ended up with the dark ages. same will be true for many western countries. america spent 10 trillion on bailouts, 8 trillion for big corporations. renegade inc figures for every $1200 in individual welfare, they spent $18000 in corporate welfare. alot of small business will go bankrupt. there will be more homeless. middle class biz will sell out to wall st. and they will impose austerity to justify for all the money they spent now on corporate welfare. so you will look like greece did recently with 25% unemployment.

Your economy thrives on 20%-30% unemployment. Why would you complain when the us spirals down to your expectations?

 

[rickyb]

in rome the oligarchs who ran the economy impoverished it to the point that they ended up with the dark ages. same will be true for many western countries. america spent 10 trillion on bailouts, 8 trillion for big corporations. renegade inc figures for every $1200 in individual welfare, they spent $18000 in corporate welfare. alot of small business will go bankrupt. there will be more homeless. middle class biz will sell out to wall st. and they will impose austerity to justify for all the money they spent now on corporate welfare. so you will look like greece did recently with 25% unemployment.

 

[rickyb]

nice to see labour movement taking action: