Click here to see the real estate roller coaster.
(Note the passing year in the lower right hand corner, and stick around for the graph at the end.)
Tuesday, July 15, 2008
More fun with charts
Here is an animated chart. It has been around for a while so you may have seen it, but it is just such a simple and powerful expression of why we are suffering the financial woes related to the collapse of the housing market, and the underlying debt that was supporting it, that I had to post it. What goes up…
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8 comments:
[BTW, I am pretty sure I knew some people who inhaled.]
Regarding the mortgage crisis. This appears as if the system failed us. Government, which could see this iceberg miles down the sea lane, allowed the players to bilk the public and now we are bailing out their boat. Do any feet cry out to be held to the fire? Will the big fish swim away? Is this the shining example of democracy for the rest of the world to emulate?
Thanks Dennis. I really need to feel even queasier while contemplating the state of the economy.
This is classic gilded age capitalism. Treat the people like marks and stooges with a nod and a wink from the federal government. Only now the debt and loss is socialized while the profit is privatized. If we let Freddi and Fanni go down, they take the rest of us with them. We were warned three years ago about these clowns and chose to ignore it.
We've got six more months of this. I hope we can survive it.
Inhaled? Hell, I ingested.
We have the system we want. Gordon Geeko said the greed is good and we have had 25+ years of greed.
Now, we are shocked that there was gambling going on at Rick's. The gop has been telling the folks, since Ronnie came to office, that if you just get the government out of everything then all will be well in the empire.
Now we will bail out all the major institutions, watch us do something to save GM from their SUV hell, and if an individual lose his job or his home then he was a dumb schumck.
The government helping the individual is socialism and we hate socialist. If things don't work out for you, go to church and pray that gays don't get married.
Now if there is something that will doom the republic, it is a bunch of old fat fags in Frisco tying the knot. God is punishing the USA with this "mental recession" because of California allowing gays to get married.
The baby Jesus hates gay marriage.
I do not believe he hates all fags. There are some clocksmuckers who are going to get through this just fine.
However, he does not like para and quadriplegics. Seems prayer does not work with them.
Ok this rollercoaster left me with vertigo.....
the media says how bad it it is...today I spent time in a BEST BUY store...I actually spent about an hour in a Best Buy searching out the "Geek" guys. It was a terrific experience.
The "GEEK GUYS" were terrific and answered all my questions (I have no computer knowledge)
The GEEK guy told me to buy something...at 3:30 in the afternoon on a tuesday, there were fifty people in line in front of me.
The lady in front of me bought a $1650 Mac laptop. She paid with AMEX and the salesman comented "how fast it went thru"
No kidding, they were fifty people in front of me buying things from Best Buy.
Is our economy as bad as the media says? JB
There are plenty of signs that the economy is not doing well. My neighbor sold his house and he was told that 1/4 of houses on the market in our zip code were foreclosures. This is inside the beltway in recession proof DC area.
The DC subway is bursting at the seams. 20 of the 25 heaviest traveled days in the subway's history have come this year.
A guy in our IT department is taking a bus, 1 1/2 hours, to come to work because of the price of gas with his SUV. He only drives on Friday.
The Arabs at the mall seem to be doing quite well, then again how much do black burquas cost, but not too sure about the rest of us.
Every man, woman and child in the United States owes about $30,000 as therir share of the national debt. That means the average household share is over $100,000. The average HH income is under $50,000, and the average HH owes a bunch more money on credit cards, car loans, mortgages -- not to mention the underfunded SS and Medicare "trusts." This country is like Britain at the turn of the last century. Over-extended and clueless.
You may be overstating it to call American's clueless. Although most might not be able to find the Middle East on a map, they sure could tell you who won American Idol or Dancing with the Stars.
You think any furiners know those important tidbits of information?
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