tag:blogger.com,1999:blog-13164186.post664883683512406934..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: CNN cheerleads the home buyer tax creditDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-13164186.post-17065457482030453432010-02-01T11:47:38.076-05:002010-02-01T11:47:38.076-05:00As a general rule, CNN is news for imbiciles. FOX...As a general rule, CNN is news for imbiciles. FOX is news for malevolent imbiciles. <br /><br />MSNBC (between 4 hours of Morning Joe and Keith Olberman) can't decide exactly who to be.oboenoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-30351690111477114272010-01-27T08:22:32.402-05:002010-01-27T08:22:32.402-05:00Okay, the BEST way to prevent precipitous declines...Okay, the BEST way to prevent precipitous declines in asset prices is to prevent the formation of asset price bubbles in the first place. Failing that, (and boy did we fail) intervention to preserve enough liquidity in the mortgage market to enable prudent purchasers to buy is a GOOD thing. The alternative is that prices fall far below the "cashflow" level and the wealthy become landlords and the rest of us tenants. <br /><br />But what we have seen is intervention WAY to early, and at price levels that are still unsupportable in the long term. This is a failure because firstly, we have expended our maximum effort long before it can do any good. And secondly, this means that this money has gone to bailing out the imprudent, stuipid, or culpable and will do little to support prices in the long term. Piling sandbags on the low tide line does little good.<br />-Jim AAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-86033493521012498522010-01-26T18:43:31.755-05:002010-01-26T18:43:31.755-05:00yeah it is a good point!
spammy spam spamyeah it is a good point!<br /><br /><a href="http://en.wikipedia.org/wiki/Spam_%28electronic%29" rel="nofollow">spammy spam spam</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-31538002719213546782010-01-26T15:47:11.498-05:002010-01-26T15:47:11.498-05:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.com