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Seattle Bubble Forum Archive • View topic - this market makes no sense

this market makes no sense

How will housing affect the US and world economy? How will the economy affect housing?

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Re: this market makes no sense

Postby david_mcmanus » Mon Nov 24, 2008 12:50 pm

We've hit bottom! Buy now or be priced out forever!
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Re: this market makes no sense

Postby FreedomLover » Mon Nov 24, 2008 3:47 pm

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Re: this market makes no sense

Postby WestSideBilly » Mon Nov 24, 2008 4:21 pm

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Re: this market makes no sense

Postby rose-colored-coolaid » Mon Nov 24, 2008 4:50 pm

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Re: this market makes no sense

Postby Charles Dean » Tue Nov 25, 2008 12:41 am

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Re: this market makes no sense

Postby david_mcmanus » Tue Nov 25, 2008 7:20 am

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Re: this market makes no sense

Postby rose-colored-coolaid » Tue Nov 25, 2008 8:28 am

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Re: this market makes no sense

Postby david_mcmanus » Tue Nov 25, 2008 8:35 am

Well, we'll all be dead from MRSA soon so what does it matter? Or SARS. Whatever happened to SARS?
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Re: this market makes no sense

Postby perfectfire » Tue Nov 25, 2008 9:49 am

SARS was awesome. I got to visit Korea on the cheap and at that point Korea hadn't had a single case of SARS.
Remember, if you rent it's not a home, it's a hovel.
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Re: this market makes no sense

Postby rose-colored-coolaid » Tue Nov 25, 2008 11:30 am

If you believe the news reports, the additional $20 B bailout for Citi spurred a 400 pt rally. So, why didn't the Fed's announcement today for an additional $800 B bailout to everyone cause a 16000 pt rally?

As the subject says, this market makes no sense.
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Re: this market makes no sense

Postby Charles Dean » Tue Nov 25, 2008 10:02 pm

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Re: this market makes no sense

Postby rose-colored-coolaid » Wed Nov 26, 2008 7:40 am

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Re: this market makes no sense

Postby Charles Dean » Wed Nov 26, 2008 7:58 am

Frankly, that sounds like a madeup Limbaugh fact to me. Something that someone heard from somewhere who had a friend who know a guy who turned down a $20 an hour job at McDonald's because he wanted to still live in a shitty trailer and get $1000 a month for free. That makes sense.

It was my understanding that unemployment was not good down there, because the entire area was and is still a wasteland.
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Re: this market makes no sense

Postby david_mcmanus » Wed Nov 26, 2008 8:26 am

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Re: this market makes no sense

Postby Charles Dean » Wed Nov 26, 2008 10:39 am

People will take free money over working if they make the same amount either way. If they make more working, then they will work. At least the VERY high majority of people.

I think you can understand why I'm skeptical. It really doesn't make sense that a fast food restaurant would pay people that much and that people wouldn't take that job. FEMA was not giving people the equivalent of a $20 an hour salary.
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